Toast, Inc. (NYSE: TOST) announced a new enterprise partnership with Teriyaki Madness, a Seattle‑style fast‑casual chain that operates more than 200 U.S. locations. The deal was disclosed on March 9, 2026 and confirmed by a BusinessWire release dated March 10, 2026, indicating the agreement was finalized the previous day.
Under the agreement, Teriyaki Madness will deploy Toast’s integrated cloud‑based restaurant technology platform across all of its sites. The rollout will standardize point‑of‑sale, inventory, and labor‑management systems, providing the chain with real‑time analytics and a unified customer experience. For Toast, the partnership adds a substantial new customer base and is expected to generate recurring subscription and fintech revenue, reinforcing the company’s multi‑vector growth strategy.
Toast’s annual recurring revenue (ARR) surpassed $2.0 billion as of December 31, 2025, and the company has set a long‑term goal of reaching $10 billion ARR over the next decade. The Teriyaki Madness deal is a tangible step toward that objective, showcasing the platform’s ability to scale to multi‑location operators and validating Toast’s expansion beyond its traditional SMB focus.
Teriyaki Madness, which operates in more than 40 states, reported an average unit volume of over $1.1 million. The chain’s decision to partner with Toast reflects a strategic move to streamline operations and leverage advanced analytics across its growing footprint, positioning it for continued growth in a competitive fast‑casual market.
Toast leadership has highlighted the strategic importance of expanding its enterprise footprint. The partnership aligns with the company’s broader initiative to serve larger restaurant chains and diversify its revenue mix, while also strengthening its competitive position against rivals such as Square, Clover, and Lightspeed.
The deal underscores Toast’s capability to support complex, multi‑location deployments and signals confidence in its platform’s scalability. By adding a 200‑plus location client, Toast not only expands its enterprise presence but also demonstrates the potential for future growth in the restaurant technology sector.
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