Core Insights - Toast is exploring a checkout-free payment concept for diners, potentially enhancing the guest experience by allowing customers to leave without traditional payment processes [2][3] - The company reported a significant increase in net income and revenue, with a net income of $105 million for Q3, nearly double from the previous year, and a revenue increase of 25% to $1.63 billion [5][6] - Toast's annualized recurring run rate (ARR) surpassed $2 billion for the first time, reflecting a 30% increase from the previous year [6] Company Developments - Toast added 7,500 new locations to its client base, bringing the total to approximately 156,000, and secured partnerships with TGI Friday's and Nordstrom [6] - The company aims to double its market share and is targeting $10 billion in ARR over the next decade, having recently achieved a doubling of its ARR from $1 billion to $2 billion in just two years [7] Industry Context - The checkout-free payment experience has been a long-sought goal for many merchants, with companies like Amazon and Cantaloupe leading the way in frictionless payment systems [4]