Toast (TOST) Cost of Revenue (2020 - 2026)
Toast (TOST) reported Cost of Revenue of $156.0 million for Q1 2026, down 84.26% year-over-year from $991.0 million in Q1 2025, and up 1.96% quarter-over-quarter from $153.0 million in Q4 2025.
Toast (TOST) Cost of Revenue (2020 - 2026) Analysis & Trends
Toast (TOST) has 7 years of Cost of Revenue data on file, last reported at $156.0 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $156.0 million, down 84.26% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.7 billion (down 42.69% YoY), and the FY2025 annual result was $571.0 million, down 84.85% from the prior year.
- Cost of Revenue grew to $156.0 million in Q1 2026 per TOST's latest filing, from $153.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $3.4 billion in Q4 2024 and troughed at $77.0 million in Q2 2022.
- A 5-year average of $729.4 million and a median of $446.0 million in 2022 frame the typical range for Cost of Revenue.
- On a YoY basis, Cost of Revenue climbed as much as 909.24% in 2025 and fell as far as 95.54% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $2.0 billion in 2022, then plunged by 59.26% to $810.0 million in 2023, then surged by 323.46% to $3.4 billion in 2024, then slumped by 95.54% to $153.0 million in 2025, then rose by 1.96% to $156.0 million in 2026.
- Business Quant data shows TOST's Cost of Revenue at $156.0 million in Q1 2026, $153.0 million in Q4 2025, and $1.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 4.48 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 2.05 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 215.80 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 823.00 Mn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 463.58 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 636.30 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 396.38 Mn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Toast | 14.58 Bn | 12.81 Bn | 447.00 Mn | 156.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 156.00 Mn |
| Mar 31, 2026 | 156.00 Mn |
| Dec 31, 2025 | 153.00 Mn |
| Dec 31, 2025 | 153.00 Mn |
| Sep 30, 2025 | 1.20 Bn |
| Sep 30, 2025 | 1.20 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Mar 31, 2025 | 991.00 Mn |
| Mar 31, 2025 | 991.00 Mn |
| Dec 31, 2024 | 3.43 Bn |
| Dec 31, 2024 | 3.43 Bn |
| Sep 30, 2024 | 119.00 Mn |
| Sep 30, 2024 | 119.00 Mn |
| Jun 30, 2024 | 115.00 Mn |
| Jun 30, 2024 | 115.00 Mn |
| Mar 31, 2024 | 826.00 Mn |
| Mar 31, 2024 | 826.00 Mn |
| Dec 31, 2023 | 810.00 Mn |
| Dec 31, 2023 | 810.00 Mn |