US Fintech Stocks Plunge 7% Ahead of Earnings Day, $1.2 Billion Vanishes in a Day

Toast Inc. (TOST), a U.S. restaurant fintech company, saw its shares plunge 6.9% on the New York Stock Exchange on February 12, closing at $26.14. Its market capitalization fell to approximately $13.4 billion (about KRW 18.2 trillion), erasing roughly $860 million (around KRW 1.2 trillion) in a single day.

The company is set to release its fourth-quarter 2025 results after the market close, with Wall Street anticipating revenue of about $1.6 billion and significant year-over-year profit growth, according to Nasdaq.com.

Toast has recently expanded its multi-year global partnership with Uber and rolled out AI-driven solutions designed to boost digital ordering and marketing efficiency for restaurants, Nasdaq.com reports.

Through its cloud-based point-of-sale and fintech platform, Toast integrates ordering, payments, delivery, and inventory management for restaurants. As of the third quarter of 2025, it served approximately 156,000 locations worldwide, per SEC filings.

After recording its first annual profit in 2024, Toast is projecting revenue growth in the high-20% range and profit margins near 30% for 2025. This upcoming earnings report is viewed as a critical milestone for assessing the sustainability of its growth trajectory, according to the company’s SEC filings.