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Toast TOST Hardware and professional services — Cost of revenue

Other product segments

Financial technology solutions
$1.01B+21.7%
Subscription services
$60M-9.1%

Similar metrics at other companies

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TYLHardware and other — Total cost of revenues
$6.41M+10.9%
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NTAPHardware Support And Other Services — Cost of Goods Sold
$100.5M+7.8%
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NTAPHardware Maintenance And Other Services — Cost of Goods Sold
$98M+7.7%
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SIRIEquipment revenue — Cost of Services
$2M0.0%
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HPQProducts — Total cost of net revenue
$10.92B+9.1%
Oracle logo
ORCLHardware Business — Hardware Products And Support Expenses
$172M-8.0%

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 hardware and professional services — cost of revenue?
Toast (TOST) reported hardware and professional services — cost of revenue of $111M in Q1 2026.
How has Toast's hardware and professional services — cost of revenue changed year-over-year?
Toast's hardware and professional services — cost of revenue increased by 19.4% year-over-year, from $93M to $111M.
What is the long-term trend for Toast's hardware and professional services — cost of revenue?
Over 4 years (2021 to 2025), Toast's hardware and professional services — cost of revenue has grown at a 18.3% compound annual growth rate (CAGR), from $204M to $400M.
What does hardware and professional services — cost of revenue mean?
The direct expenses incurred to manufacture, deliver, and install hardware and provide professional services to customers.
How do you interpret hardware and professional services — cost of revenue?
A decrease relative to revenue indicates improved supply chain efficiency or economies of scale, while an increase may signal rising manufacturing costs or higher service delivery overhead.
How does hardware and professional services — cost of revenue compare across companies?
Comparable to cost of goods sold (COGS) for hardware and professional services segments in technology firms that bundle physical products with software subscriptions.