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Toast TOST Financial technology solutions — Cost of revenue

Other product segments

Hardware and professional services
$111M+19.4%
Subscription services
$60M-9.1%

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SOFIPayment network — Total revenue from contracts with customers
$4.34M+96.5%

Other financials

Income statement

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Revenue$1.6B+21.9%
Gross profit$447.0M+29.2%
Operating income$110.0M+156%
Net income$126.0M+125%
EPS (diluted)$0.20+122%

Balance sheet

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Cash & equivalents$1.4B+12.2%
Total debt$17.0M-22.7%
Total equity$2.0B+18.9%
Total assets$3.1B+20.7%

Cash flow

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Operating cash flow$132.0M+67.1%
CapEx$17.0M+70.0%
Free cash flow$115.0M+66.7%

Valuation

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Market cap$14.3B-18.1%
Enterprise value$12.91B-20.3%
P/E34.7×-75.9×
P/S2.2×-1.1×

Profitability

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Gross margin26.3%+1.6pp
Operating margin5.6%+3.4pp
Net margin6.4%+3.4pp
FCF margin10.1%+2.3pp

Returns & leverage

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Return on equity22.5%+11.5pp
Debt / equity0.0×
Current ratio2.4×-0.1×

Where this comes from

Reported directly by Toast in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Toast’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Toast's financial technology solutions — cost of revenue?
Toast (TOST) reported financial technology solutions — cost of revenue of $1.01B in Q1 2026.
How has Toast's financial technology solutions — cost of revenue changed year-over-year?
Toast's financial technology solutions — cost of revenue increased by 21.7% year-over-year, from $831M to $1.01B.
What is the long-term trend for Toast's financial technology solutions — cost of revenue?
Over 4 years (2021 to 2025), Toast's financial technology solutions — cost of revenue has grown at a 36.5% compound annual growth rate (CAGR), from $1.12B to $3.89B.
What does financial technology solutions — cost of revenue mean?
The direct expenses incurred to process payments and provide financial technology services to customers.
How do you interpret financial technology solutions — cost of revenue?
An increase relative to revenue may indicate rising network fees or lower processing efficiency, while a decrease suggests improved cost management or more favorable processing terms.
How does financial technology solutions — cost of revenue compare across companies?
Comparable to cost of payment processing or transaction-related costs reported by other financial technology and merchant acquiring firms.