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Toast TOST Business Segments — Cost of Revenue

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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:CostOfRevenue.

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 business segments — cost of revenue?
Toast (TOST) reported business segments — cost of revenue of $1.18B in Q1 2026.
How has Toast's business segments — cost of revenue changed year-over-year?
Toast's business segments — cost of revenue increased by 20.0% year-over-year, from $980M to $1.18B.
What is the long-term trend for Toast's business segments — cost of revenue?
Over 3 years (2022 to 2025), Toast's business segments — cost of revenue has grown at a 27.4% compound annual growth rate (CAGR), from $2.19B to $4.52B.
What does business segments — cost of revenue mean?
The direct costs incurred to produce and deliver the goods and services sold by the segment.
How do you interpret business segments — cost of revenue?
An increase relative to revenue suggests margin compression, while a decrease relative to revenue indicates improved operational efficiency or economies of scale.
How does business segments — cost of revenue compare across companies?
Comparable to cost of goods sold or cost of services for technology-enabled payment providers.