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Toast launches AI marketing tool Toast IQ Grow, boosting restaurant insights and Q1 2026 revenue up 21.9%.

Company Fundamentals
01 Jul 2026
Seeking Alpha
View Source
Bullish
Toast launches AI marketing tool Toast IQ Grow, boosting restaurant insights and Q1 2026 revenue up 21.9%.

Toast introduced Toast IQ Grow, an AI-driven marketing solution designed to help restaurant operators tackle daily marketing challenges using its extensive first-party data. The product has quickly gained traction, reaching 40,000 weekly active locations and providing actionable insights that could drive further adoption. In Q1 2026, Toast's revenue rose 21.91% year-over-year to $1.63 billion, with improved profitability despite slightly missing revenue estimates. This innovation positions Toast to enhance engineering productivity and create new premium revenue streams moving forward.

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