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. In the quarter to June 2026, revenue grew 5.82%, EPS grew 94.3%, free cash flow fell 23,170.1% and total debt rose 35.1%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.

10.57 0.32 −2.94%
Market cap
$1.5B
P/E
0.0×
Fwd P/E
−14.2×
Dividend yield
—
F-score
6/9
Altman Z
2.71
Beneish M
−3.20
Dividend safety
n/a
Mar '17 Mar '18 Mar '19 Mar '20 Mar '21 Mar '22 Mar '23 Mar '24 Mar '25 Mar '26
Piotroski F-Score
— — — — 4 3 3 4 4 6
P/E ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
— — — — 23.09 11.52 6.22 7.25 2.67 2.71
P/S ratio
21.06 21.06 21.06 21.06 29.81 7.87 3.13 2.40 1.25 1.02
Altman Z″-Score (non-manufacturers)
(19.01) — 0.73 0.60 12.79 16.35 12.03 14.27 5.74 4.89
P/FCF ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Beneish M-Score
— — — (1.34) (1.22) (1.39) (3.93) (2.38) (4.36) (3.20)
P/Operating CF
(377.42) (377.42) (377.42) (377.42) (273.88) (380.35) (54.90) (76.41) (135.31) (109.60)
P/B ratio
8.24 8.24 8.24 8.24 3.42 1.27 0.91 0.90 0.81 0.84
Price to Tangible BV
8.24 8.24 8.24 8.24 9.08 4.87 2.73 2.61 1.90 2.06
EV/Sales
19.87 19.87 19.87 19.87 26.41 6.24 2.10 1.65 0.77 0.68
EV/EBITDA
69.84 69.84 69.84 69.84 0.00 0.00 0.00 0.00 0.00 0.00
EV/Operating CF
0.00 0.00 0.00 0.00 (62.93) (39.23) (12.22) (15.40) (25.25) 15.11
EV/FCF
0.00 0.00 0.00 0.00 (61.74) (34.96) (11.06) (12.99) (14.81) (213.24)
Quick Ratio
0.81 0.93 4.43 3.13 7.34 6.33 5.68 5.42 4.10 3.04
Current Ratio
0.91 1.00 4.48 3.29 7.56 6.60 6.21 6.35 5.36 4.28
Net Debt/EBITDA
(6.75) (17.76) 10.72 3.73 8.12 4.21 0.79 7.56 0.92 285.60
Debt/Assets
308.11% 0.00% 0.00% 9.04% 2.39% 1.46% 0.70% 0.63% 0.62% 0.90%
Debt/Equity
(1.00) (0.94) 0.00 0.13 0.03 0.02 0.01 0.01 0.01 0.01
Asset Turnover
0.70 2.04 0.49 0.33 0.17 0.19 0.23 0.35 0.49 0.70
Operating CF/Net income
0.19 0.10 0.04 0.53 0.75 0.30 0.12 0.60 0.05 (0.38)
Capex/Depreciation
0.00 0.00 0.00 (0.27) (0.05) (0.10) (0.11) (0.17) (0.23) (0.39)
Interest Coverage
(802.84) (1,374.47) (267.70) — — — — — — —
ROE
26.36% 43.77% 521.96% (19.81%) (10.91%) (10.82%) (36.29%) (6.68%) (32.73%) (9.18%)
ROA
(96.09%) (343.98%) (115.60%) (14.59%) (9.62%) (10.08%) (34.03%) (6.25%) (30.32%) (8.27%)
ROIC
0.00% 0.00% 0.00% (20.69%) (6.89%) (7.96%) (40.03%) (7.44%) (38.95%) (9.12%)
Return on Tangible Assets
(1,916.63%) (2,057.40%) (103.33%) (31.42%) (16.51%) (32.01%) (133.19%) (20.66%) (100.16%) (25.87%)
Average Days of Receivables
39.15 44.84 39.51 32.92 40.78 30.46 27.40 25.00 17.99 14.16
Research and Development Expense of Revenue
29.33% 17.79% 26.44% 27.15% 24.94% 22.09% 19.23% 14.23% 11.17% 10.30%
Selling, General and Administrative Expense of Revenue
90.98% 74.38% 68.21% 68.36% 67.62% 56.88% 48.78% 37.18% 32.50% 32.39%
Intangible Assets out of Total Assets
0.50 0.00 0.10 0.44 0.57 0.69 0.62 0.61 0.52 0.53
Share Based Compensation of Revenue
0.00% 0.00% 0.00% 7.35% 15.27% 28.08% 23.19% 8.56% 5.16% 4.65%
Graham Net Nets
0.08 0.08 0.08 0.08 0.10 0.19 0.33 0.35 0.47 0.42
Graham Number
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings Yield
(2.41%) (2.41%) (2.41%) (2.41%) (1.83%) (6.63%) (46.71%) (7.55%) (50.06%) (11.50%)
Free Cash Flow Yield
0.00% 0.00% 0.00% 0.00% (1.44%) (2.27%) (6.06%) (5.31%) (4.16%) (0.32%)
Revenue per Share
0.50 0.68 0.91 1.40 2.11 3.87 4.86 5.91 7.01 8.82
Operating CF per Share
(0.13) (0.12) (0.09) (0.33) (0.88) (0.62) (0.83) (0.64) (0.21) 0.40
Capex per Share
0.00 0.00 0.00 (0.04) (0.02) (0.08) (0.09) (0.12) (0.15) (0.43)
Free Cash Flow per Share
(0.13) (0.12) (0.09) (0.37) (0.90) (0.69) (0.92) (0.75) (0.36) (0.03)
Cash per Share
0.18 0.30 2.47 2.46 7.67 6.74 5.32 4.70 3.63 3.26
Shareholders Equity per Share
(2.06) (3.17) 2.34 4.01 18.38 24.01 16.60 15.69 10.83 10.66
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
(2.06) (3.17) 2.34 4.01 18.38 24.01 16.60 15.69 10.83 10.66
Free Cash Flow
(10.79) (9.97) (7.40) (32.16) (94.86) (97.87) (138.40) (115.85) (55.88) (3.93)
Working Capital
(2.26) 0.00 168.66 162.40 744.26 884.64 783.88 773.23 649.04 541.31
Capital Expenditures
(2.40) (1.48) (1.99) (3.61) (1.79) (10.65) (13.12) (18.18) (23.12) (59.39)
Net Current Asset Value
(206.02) (295.35) 158.21 98.92 686.63 821.80 763.05 755.15 635.79 524.35
EV/EBIT
99.54 99.54 99.54 99.54 0.00 0.00 0.00 0.00 0.00 0.00
Capex to Sales
0.00 0.00 0.00 0.03 0.01 0.02 0.02 0.02 0.02 0.05
Price to Operating Income
105.49 105.49 105.49 105.49 0.00 0.00 0.00 0.00 0.00 0.00
Other line items
Depreciation/Fixed assets
1.09 1.10 0.85 1.69 4.37 6.35 5.91 5.35 5.91 8.87
Cash ROIC
(75.55%) (98.96%) (1.84%) (5.37%) (3.40%) (2.22%) (4.17%) (3.68%) (2.50%) (0.20%)
Accounts Receivable Turnover
7.32 9.89 9.99 12.64 12.44 15.55 14.52 15.53 18.67 24.38
Accounts Payable Turnover
8.27 6.48 5.26 2.07 1.96 3.87 5.42 7.62 8.84 9.11
Inventory Turnover
(478.59) 0.00 0.00 85.12 75.10 60.84 39.11 35.73 40.29 45.91
Average Days of Payables
67.36 50.88 98.06 283.49 252.44 103.11 63.03 47.84 42.57 42.02
Days of Inventory on Hand
0.00 0.00 0.00 8.58 6.10 9.93 11.76 11.49 8.51 8.28
Average Receivables
5.74 5.74 7.59 9.54 17.83 35.27 50.30 58.56 57.68 50.34
Average Payables
2.46 3.43 5.28 19.14 47.93 71.68 73.57 68.75 70.88 76.83
Average Inventory
(0.04) 0.00 0.00 0.47 1.25 4.56 10.19 14.67 15.55 15.25
Average Assets
59.99 27.82 155.43 366.83 1,291.87 2,862.65 3,144.36 2,621.94 2,200.68 1,745.71
Average Common Equity
(218.65) (218.65) (34.42) 270.20 1,139.21 2,666.79 2,948.37 2,454.93 2,038.18 1,573.56

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