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Toast, Inc. (NYSE:TOST)  is one of the high growth low debt stocks to invest in right now. The company fits the list because its restaurant technology platform is still expanding at a strong pace while the business is becoming more profitable and cash-generative. In the first quarter of 2026, Toast’s annualized recurring run-rate grew 26% year over year to $2.2 billion, total locations increased 22% to about 171,000, and gross payment volume rose 22% to $51.3 billion. The company also generated $126 million in net income, $179 million in adjusted EBITDA, and $115 million in free cash flow.

The balance-sheet angle is also cleaner than many high-growth software and payments names. Toast ended the quarter with $1.10 billion in cash and cash equivalents, along with $672 million in marketable securities, compared with total liabilities of $1.10 billion. The company also repurchased 14 million shares for $378 million year-to-date through May 6, showing that its cash position is strong enough to support capital returns while still investing in growth. Toast also raised its full-year 2026 outlook for non-GAAP subscription services and financial technology solutions gross profit to 21% to 23% growth, reinforcing the case that its recurring profit base is still compounding.

Toast, Inc. (NYSE:TOST) provides a cloud-based technology platform for restaurants and retail businesses, including point-of-sale systems, payments, digital ordering, payroll, marketing, inventory, and other operating tools.

While we acknowledge the potential of TOST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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