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Toast TOST Hardware — Cost of revenue

Discontinued — last reported Q3 '23

Other product segments

Financial technology solutions
$1.01B+21.7%
Hardware and professional services
$111M+19.4%
Subscription services
$60M-9.1%

Similar metrics at other companies

Tyler Technologies logo
TYLHardware and other — Total cost of revenues
$6.41M+10.9%
HP logo
HPQProducts — Total cost of net revenue
$10.92B+9.1%
Oracle logo
ORCLHardware Business — Hardware Products And Support Expenses
$172M-8.0%
Roku, Inc. logo
ROKUDevice — Total Cost of Revenue
$136.8M-14.0%
Zebra Technologies logo
ZBRATangible products — Cost of Goods and Services Sold
$687M+26.5%
AST SpaceMobile logo
ASTSProduct — Cost Of Revenue
$11.06M

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 November 8, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Toast's hardware — cost of revenue?
Toast (TOST) reported hardware — cost of revenue of $58M in Q3 2023.
How has Toast's hardware — cost of revenue changed year-over-year?
Toast's hardware — cost of revenue increased by 11.5% year-over-year, from $52M to $58M.
What does hardware — cost of revenue mean?
The total direct costs incurred to manufacture, ship, and install the physical hardware sold to customers.
How do you interpret hardware — cost of revenue?
An increase relative to revenue indicates margin compression due to supply chain costs or hardware pricing pressure, while a decrease suggests improved manufacturing efficiencies or economies of scale.
How does hardware — cost of revenue compare across companies?
Comparable to cost of goods sold (COGS) for hardware segments in integrated technology companies, where managing component costs is critical to overall profitability.