Lightspeed Commerce Inc.

LSPD Technology Software Application

Lightspeed Commerce Inc.’s revenue for fiscal 2026 (year ended March 2026) was $1.2 billion, up 14.0% from fiscal 2025.

Revenue
+5.82%
EPS
+94.3%
Free cash flow
−23,170.1%
Total debt
+35.1%

Quarter to June 2026, against a year earlier

10.39 1.17 −10.12%
Market cap
$1.4B
P/E
0.0×
Fwd P/E
−84.3×
Dividend yield
—
F-score
6/9
Altman Z
2.71
Beneish M
−3.20
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 14.24%

Capital & Financial Ratios $m

Size
Market Cap 1,390.00
Revenue ttm 1,244.81
Net income ttm (97.27)
Free cash flow ttm (21.77)
Net debt Q (357.48)
Valuation
P/E 0.00
Forward P/E (84.30) (negative: loss-making)
Price / sales 1.15
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.03
Financial health
Current ratio Q 3.55 (at or above 1.5: strong)
Debt / equity Q 0.01 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +5.82% (above 0%: growing)
Operating income growth Q +86.82% (above 0%: growing)
EPS, this year +46.84% (at or above 15%: strong)
EPS, next year A +50.58% (at or above 15%: strong)
Revenue, next year A +2.93%
EPS, past 5 yrs —
EPS, next 5 yrs A +42.48% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 8.87%
10-year low 10-year high
P/B against its own 10 years 47.75%
10-year low 10-year high
EV/Sales against its own 10 years 10.14%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 722 558 454 372
Receivables 62 53 48 72
Inventory 16 15 16 17
Other 117 172 189 186
918 798 706 647
2024 2025 2026 Q'26
Payables 69 73 81 97
ST’ Debt — — — —
Other — — — —
145 149 165 182

Compound Annual Growth %

10y 5y 3y
Sales 44.38% 40.80% 18.87%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value — (5.17%) (15.95%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Jun Sep Dec Mar Year
’26 (0.02) — — — —
’26 (0.35) (0.24) (0.24) (0.20) (1.04)
’25 (0.23) (0.19) (0.17) (3.79) (4.34)
’24 (0.32) (0.28) (0.26) (0.21) (1.07)
’23 (0.68) (0.53) (5.39) (0.49) (7.11)
’22 (0.38) (0.43) (0.44) (0.77) (2.04)
’21 (0.22) (0.20) (0.39) (0.34) (1.18)
Fiscal quarters ending in the months shown.

Revenue $m

Jun Sep Dec Mar Year
’26 323 — — — —
’26 305 319 312 291 1,227
’25 266 277 280 253 1,077
’24 209 230 240 230 909
’23 174 184 189 184 731
’22 116 133 153 147 548
’21 36 45 58 82 222
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 0 — — — —
’26 12 26 29 (11) 55
’25 (14) (11) 3 (10) (33)
’24 (26) (25) (18) (29) (98)
’23 (33) (24) (26) (42) (125)
’22 (15) (13) (48) (11) (87)
’21 (7) (7) (54) (24) (93)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (18) — — — —
’26 0 11 13 (28) (4)
’25 (18) (17) (3) (17) (56)
’24 (29) (29) (23) (35) (116)
’23 (37) (27) (29) (45) (138)
’22 (16) (15) (53) (13) (98)
’21 (8) (8) (55) (24) (95)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 42 57 76 121 222 548 731 909 1,077 1,227 1,245 +45.5% 1,263 1,423 1,615 +9.6%
Gross margin, % 51.56 60.83 63.37 67.12 57.58 49.45 45.44 42.37 41.81 42.94 43.09 (8.6) pt
EBT (54) (82) (210) (57) (130) (315) (1,074) (160) (660) (144) (96) +11.6%
EBT margin, % (127.22) (143.54) (276.63) (46.95) (58.66) (57.51) (147.05) (17.65) (61.25) (11.74) (7.74) +115.5 pt
Net income (58) 0 (180) (54) (124) (288) (1,070) (164) (667) (144) (97) +10.7%
Per share, $
Per share, $ Revenue 0.50 0.68 0.91 1.40 2.11 3.87 4.86 5.91 7.01 8.82 9.01 +37.5%
Earnings (0.69) (1.14) (2.14) (0.62) (1.18) (2.04) (7.11) (1.07) (4.34) (1.04) (0.70) +4.6%
Cash flow (0.13) (0.12) (0.09) (0.33) (0.88) (0.62) (0.83) (0.64) (0.21) 0.40 0.31 n/m
Capex 0.00 0.00 0.00 (0.04) (0.02) (0.08) (0.09) (0.12) (0.15) (0.43) (0.47) n/m
Free cash flow (0.13) (0.12) (0.09) (0.37) (0.90) (0.69) (0.92) (0.75) (0.36) (0.03) (0.16) (15.5%)
Book value (2.06) (3.17) 2.34 4.01 18.38 24.01 16.60 15.69 10.83 10.66 10.06 n/m
Shares, m 84 84 84 86 105 142 150 154 154 139 138 +5.8%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S 0.00 0.00 0.00 9.91 29.81 7.87 3.13 2.40 1.25 1.02 1.15 5.5
P/B 0.00 0.00 0.00 3.47 3.42 1.27 0.91 0.90 0.81 0.84 1.03 1.2
EV/Sales 0.00 0.00 0.00 8.55 26.41 6.24 2.10 1.65 0.77 0.68 0.89 4.6
EV/FCF 0.00 0.00 0.00 0.00 (61.74) (34.96) (11.06) (12.99) (14.81) (213.24) (50.91) (34.9)
Cash, $m
Cash, $m Operating cash flow (11) (10) (7) (29) (93) (87) (125) (98) (33) 55 43 n/m
Capex (2) (1) (2) (4) (2) (11) (13) (18) (23) (59) (65) +42.8%
Free cash flow (11) (10) (7) (32) (95) (98) (138) (116) (56) (4) (22) (10.6%)
Balance, $m
Balance, $m Working capital (2) 0 169 162 744 885 784 773 649 541 465 n/m
Net debt 156 226 (207) (168) (757) (901) (782) (706) (547) (439) (357) n/m
Shareholders’ equity (172) (265) 196 344 1,934 3,399 2,497 2,412 1,664 1,483 1,390 n/m
Returns, %
Returns, % ROA (96.09) (343.98) (115.60) (14.59) (9.62) (10.08) (34.03) (6.25) (30.32) (8.27) (5.92) +87.8 pt
ROIC 0.00 0.00 0.00 (20.69) (6.89) (7.96) (40.03) (7.44) (38.95) (9.12) (7.01) (9.1) pt
ROE 26.36 43.77 521.96 (19.81) (10.91) (10.82) (36.29) (6.68) (32.73) (9.18) (6.65) (35.5) pt
People
People Employees — — — — 1,800 3,000 3,000 3,000 3,000 3,400 — +13.6%
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.12 0.18 0.24 0.30 0.36 0.36 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Lightspeed Commerce Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
DFIN Donnelley Financial Solutions $1.6B 17.4× 16.8× +5.53% (above 0%: growing) n/m +44.93% (above 0%: growing) 64.76% 17.62% Compare
CXM Sprinklr, Inc. $1.6B 68.2× 57.4× +0.80% (above 0%: growing) −40.00% (below 0%: shrinking) −55.52% (below 0%: shrinking) 65.12% 4.66% Compare
EVCM EverCommerce Inc. $1.5B 46.1× 39.3× +2.70% (above 0%: growing) +25.00% (above 0%: growing) +3.41% (above 0%: growing) 78.61% 11.49% Compare
PDFS PDF Solutions, Inc. $1.5B 90.8× 88.2× +19.64% (above 0%: growing) +433.33% (above 0%: growing) +552.90% (above 0%: growing) 72.79% 12.13% Compare
UPBD Upbound Group, Inc. $1.5B 12.9× 7.9× −1.59% (below 0%: shrinking) +156.52% (above 0%: growing) +112.11% (above 0%: growing) 50.62% 6.21% Compare
ALKT Alkami Technology, Inc. $1.4B — (loss-making) — (loss-making) +19.44% (above 0%: growing) n/m −29.65% (below 0%: shrinking) 57.50% (4.63%) Compare
LSPD Lightspeed Commerce Inc. $1.4B — (loss-making) — (loss-making) +5.82% (above 0%: growing) n/m −23,170.13% (below 0%: shrinking) 42.94% (1.72%)
IBTA Ibotta, Inc. $1.4B — (loss-making) — (loss-making) +17.49% (above 0%: growing) n/m +58.39% (above 0%: growing) 79.85% 4.83% Compare
WRD WeRide Inc. $1.3B — (loss-making) — (loss-making) +92.37% (above 0%: growing) n/m −92.28% (below 0%: shrinking) 37.49% (182.09%) Compare
Median of peers $1.5B 46.1× 39.3× +11.51% +90.76% +24.17% 64.94% 5.52%

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Lightspeed Commerce Inc. (LSPD) Latest News

25 Oct

21 Oct

27 Aug

31 Jul

Impact 3 · · MarketBeat transcript
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