10 High Growth Low Debt Stocks to Invest in Right Now

8. Toast, Inc. (NYSE:TOST)

Toast, Inc. (NYSE:TOST)  is one of the high growth low debt stocks to invest in right now. The company fits the list because its restaurant technology platform is still expanding at a strong pace while the business is becoming more profitable and cash-generative. In the first quarter of 2026, Toast’s annualized recurring run-rate grew 26% year over year to $2.2 billion, total locations increased 22% to about 171,000, and gross payment volume rose 22% to $51.3 billion. The company also generated $126 million in net income, $179 million in adjusted EBITDA, and $115 million in free cash flow.

The balance-sheet angle is also cleaner than many high-growth software and payments names. Toast ended the quarter with $1.10 billion in cash and cash equivalents, along with $672 million in marketable securities, compared with total liabilities of $1.10 billion. The company also repurchased 14 million shares for $378 million year-to-date through May 6, showing that its cash position is strong enough to support capital returns while still investing in growth. Toast also raised its full-year 2026 outlook for non-GAAP subscription services and financial technology solutions gross profit to 21% to 23% growth, reinforcing the case that its recurring profit base is still compounding.

Toast, Inc. (NYSE:TOST) provides a cloud-based technology platform for restaurants and retail businesses, including point-of-sale systems, payments, digital ordering, payroll, marketing, inventory, and other operating tools.