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Aman Narang

CEO of Toast · Toast

Leads the dominant restaurant technology platform powering 120,000+ locations with point-of-sale, payments, and operations software for the $900+ billion U.S. restaurant industry

Aman Narang leads Toast as CEO, overseeing the dominant cloud-based technology platform purpose-built for the restaurant industry. Toast provides an integrated suite of tools: point-of-sale hardware and software, payment processing, online ordering and delivery management, kitchen display systems, payroll and team management, marketing and loyalty programs, and financial services — all designed specifically for restaurants. Toast has rapidly grown to power over 120,000 restaurant locations across the United States, from single-location independent restaurants to multi-unit chains. The company's approach of providing an integrated platform (rather than requiring restaurants to piece together multiple vendors) has proven compelling in an industry historically underserved by technology. The U.S. restaurant industry represents a massive addressable market of $900+ billion in annual sales, with approximately 860,000 restaurant locations. Many still use legacy point-of-sale systems or paper-based processes, providing substantial room for Toast to grow. Key stock drivers include restaurant location additions (net new locations), annual recurring revenue growth, gross payment volume processed, fintech revenue per location, operating margin improvement toward profitability, competition from Block (Square), Clover, and legacy POS providers, restaurant industry health, and Toast's expansion into adjacent verticals (food and beverage).

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