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
DateValue
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