| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| HSA | 10 | $34.04 | $340 | 0.32% | $25.00 | $90 | +36.2% | — |
In short: Brown's final trade, delivered as a live tape observation: "you didn't hear this from me, but Toast is right now making a new year-to-date high. How do you like that?" The same name he final-traded on 2026-aug-06 when it was "setting up" at a year-to-date high — now confirming the breakout rather than anticipating it.
Toast sells the payment terminals and management software restaurants run on. Josh Brown's final trade is a live observation rather than a thesis: the stock is making a new high for the year as he speaks.
Read alongside his earlier pick of the same name (2026-aug-06), when he said he liked "how it's setting up," this is the follow-through. A stock that spent months building a base and then breaks to a new high for the year is doing what his best-stocks screen is designed to catch — buyers willing to pay more than anyone has paid all year.
In short: Locations reaccelerate. Q2 revenue +23% Y/Y to $1.91B (a $40M beat) with GAAP EPS $0.26 ($0.06 beat), adjusted EBITDA $221M (+37%) and ARR accelerating 25% to $2.4B. The standout answered Q1's worry directly: Toast added a record 9,500 net locations, up sharply from 7,000 in Q1 and 1,000 above its previous record, taking total locations to roughly 180,000 with GPV +22% to $61B — and "most of the new adds still came from the core restaurant business, even as enterprise, international, and retail expand the TAM." AI monetisation is becoming tangible: Toast IQ Grow, its agentic marketing product, "is now the fastest-growing product Toast has ever launched and is on track to become its fastest to $10 million in ARR," with the roadmap extending into voice, scheduling, payroll, inventory and accounting agents. FY26 recurring gross profit growth raised to 23–25% (from 21–23%) and adjusted EBITDA to $805–$825M (a $145M raise) even while reinvesting a $10M tariff refund. "Q1 raised the question of whether location growth was slowing. Q2 answered it with a record quarter." A disclosed author holding.
In short: Deiya, on a fintech-ETF holdings list. Positive-leaning but not a position: pure processing "is becoming commoditized and the value seems to be accruing to the application layer, to the Toasts of the world" — verticalised software that runs inventory and "the nervous system of your entire enterprise" with payments built in. The rule he draws: a payments investment has to do more than process.
1:08:41the processing part is becoming commoditized and the value seems to be accruing to the application layer, to the Toasts of the world. So that's why if you're investing in one of these companies they have to do more than just processing. There has to be something special about what they're doing.
In short: Josh Brown's final trade: "we're at a year-to-date high on Toast and I really like how it's setting up."
Toast sells the payment and management software restaurants run on. Josh Brown made it his final trade on the chart alone: the stock is at a year-to-date high and "I really like how it's setting up" — a name reclaiming its highs in a tape that has been rewarding exactly that.
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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.