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TOST TOAST CLASS A $17.0B
No. Toast IQ is a live assistant for the restaurant. It is not the payment decision.
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Reach, Weight, and Proof.
What they are doing
Toast's 2025 annual report describes Toast IQ, a conversational assistant built into the platform. It uses the restaurant's own data so an operator can ask questions and take actions in Toast. The second-quarter 2026 release calls Toast IQ Grow the fastest-growing new offering the company has launched, and treats it as a sign of what AI can do for customers. Nothing in either document puts intelligence inside authorization, fraud, or routing.
Why the score
- Reach 2 not 3: one product function, the operator assistant.
- Weight 2 not 3: a restaurant assistant. A rival does not have to change authorization, fraud, or routing.
- Proof 3 not 4: the assistant is in the product. Fastest-growing is the offering, not a result of the model.
What would move it next quarter: A score inside payment authorization or fraud. Another assistant feature will not move this.
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Evidence
Toast IQ is a conversational AI assistant built into the platform. It uses real-time and historical operating data so operators can ask questions and take actions in Toast. It is aimed at trends, decisions, and routine workflows.