Toast (TOST) Q4 Earnings: What To Expect

Toast (TOST) Q4 Earnings: What To Expect

Radek Strnad

Wed, February 11, 2026 at 12:09 PM GMT+9 2 min read

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TOST

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Restaurant technology platform Toast (NYSE:TOST) will be announcing earnings results this Thursday after market close. Here’s what you need to know.

Toast beat analysts’ revenue expectations by 3% last quarter, reporting revenues of $1.63 billion, up 25.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and full-year EBITDA guidance exceeding analysts’ expectations.

Is Toast a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Toast’s revenue to grow 21.4% year on year to $1.62 billion, slowing from the 29.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.24 per share.

Toast Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Toast has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.6% on average.

Looking at Toast’s peers in the vertical software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Agilysys delivered year-on-year revenue growth of 15.6%, beating analysts’ expectations by 1.4%, and Dolby Laboratories reported a revenue decline of 2.9%, topping estimates by 4.4%. Agilysys traded down 20% following the results while Dolby Laboratories was up 1.8%.

Read our full analysis of Agilysys’s results here and Dolby Laboratories’s results here.

Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. Investors in vertical software stocks have been spared in this environment as share prices are down 16.8% on average over the last month. Toast is down 18.8% during the same time and is heading into earnings with an average analyst price target of $46.38 (compared to the current share price of $29.46).

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