Company / Cost of Revenue
Toast, Inc. Cost of Revenue History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$4.6B
FY2025
5-year range
$1.4B / $4.6B
FY2021-FY2025
Trend
+21.0%
vs FY2024
Sector context
#38 of 275
Information Technology
What the data says
Toast, Inc.'s cost of revenue of $4.6B is higher than 86% of companies in the Information Technology sector (FY2025). Cost of Revenue has increased for 6 consecutive years, from $603M in FY2019 to $4.6B in FY2025.
Based on SEC 10-K filings.
$4.6B in FY2025 with a 5-year CAGR of +46.2%. Top quartile in the Information Technology sector.
Increased from $3.0B to $4.6B over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +27.1%
- 5-Year CAGR
- +46.2%
- 10-Year CAGR
- -
Sector benchmark
+14.4% above sector average
Key checks
Key Insights
- Toast, Inc.'s cost of revenue has grown for 6 consecutive years.
- 5-year CAGR of +46.2%, indicating consistent growth.
- In FY2025, cost of revenue increased 21.0% year-over-year.
- Ranks #38 out of 275 companies in the Information Technology sector.
Company context
Key Data Points
- Altman Z-Score 3.16 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $4.6B | +21.0% |
| FY2024 | $3.8B | +24.4% |
| FY2023 | $3.0B | +36.5% |
| FY2022 | $2.2B | +59.6% |
| FY2021 | $1.4B | +103.7% |
| FY2020 | $683.0M | +13.3% |
| FY2019 | $603.0M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026