Toast (TOST) Cost of Revenue (2020 - 2026)

Toast (TOST) posted quarterly Cost of Revenue of $156.0 million for Q1 2026, down 84.26% YoY from $991.0 million in Q1 2025, and up 1.96% sequentially from $153.0 million in Q4 2025.

Toast (TOST) Cost of Revenue (2020 - 2026) Analysis & Trends

Toast has disclosed Cost of Revenue across 7 years of filings, most recently posting $156.0 million for Q1 2026.

  • In Q1 2026, Cost of Revenue fell 84.26% year-over-year to $156.0 million; the TTM figure through Mar 2026 stood at $2.7 billion (down 42.69% YoY), while the FY2025 annual figure was $571.0 million, down 84.85% from the prior year.
  • Cost of Revenue climbed to $156.0 million in Q1 2026, from $153.0 million in the prior quarter.
  • Over the last five years, Cost of Revenue for TOST reached as high as $3.4 billion in Q4 2024 and fell as low as $77.0 million in Q2 2022.
  • The 5-year median for Cost of Revenue is $446.0 million (2022), against an average of $729.4 million.
  • The widest YoY moves for Cost of Revenue: up 909.24% in 2025, down 95.54% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $2.0 billion in 2022, then slumped by 59.26% to $810.0 million in 2023, then surged by 323.46% to $3.4 billion in 2024, then plunged by 95.54% to $153.0 million in 2025, then rose by 1.96% to $156.0 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $156.0 million, $153.0 million, and $1.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 6.81 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 2.07 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 215.80 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 823.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 463.58 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 636.30 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 184.16 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 396.38 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.15 Bn
10 Toast 16.87 Bn 15.10 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