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Toast (TOST) Cost of Revenue (2021 - 2025)

Toast (TOST) has disclosed Cost of Revenue for 5 consecutive years, with $2.3 billion as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 198.78% to $2.3 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $4.6 billion, a 868.15% increase, with the full-year FY2025 number at $4.6 billion, up 870.21% from a year prior.
  • Cost of Revenue was $2.3 billion for Q4 2025 at Toast, up from $144.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $2.7 billion in Q4 2023 to a low of -$2.3 billion in Q4 2024.
  • A 5-year average of $524.6 million and a median of $623.0 million in 2022 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: skyrocketed 1293.75% in 2022, then plummeted 184.0% in 2024.
  • Toast's Cost of Revenue stood at -$582.0 million in 2021, then tumbled by 121.82% to -$1.3 billion in 2022, then surged by 311.62% to $2.7 billion in 2023, then plummeted by 184.0% to -$2.3 billion in 2024, then skyrocketed by 198.78% to $2.3 billion in 2025.
  • Per Business Quant, the three most recent readings for TOST's Cost of Revenue are $2.3 billion (Q4 2025), $144.0 million (Q3 2025), and $1.2 billion (Q2 2025).