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| 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 |