Lightspeed Commerce Inc.

Report azionario NYSE:LSPD

Capitalizzazione di mercato: US$1.3b

Lightspeed Commerce Salute del bilancio

Criteri Salute finanziaria verificati 6/6

Lightspeed Commerce ha un patrimonio netto totale di $1.5B e un debito totale di $0.0, che porta il suo rapporto debito/patrimonio netto a 0%. Le sue attività totali e le sue passività totali sono rispettivamente $1.7B e $173.4M.

Informazioni chiave

0%

Rapporto debito/patrimonio netto

US$0

Debito

Indice di copertura degli interessin/a
ContantiUS$479.00m
Patrimonio nettoUS$1.50b
Totale passivitàUS$173.40m
Totale attivitàUS$1.68b

Aggiornamenti recenti sulla salute finanziaria

Nessun aggiornamento

Recent updates

Seeking Alpha • Dec 18

Lightspeed Commerce Focuses On Growth, Buybacks, And AI Productivity (Upgrade)

Summary I'm upgrading Lightspeed Commerce to a Buy as revenue growth, stock buybacks, and a potential valuation re-rating outweigh ongoing operating losses. LSPD targets mid-market and multi-location retailers, expands embedded payments, and leverages generative AI to boost outbound sales productivity. Despite moderating software market revenue growth and margin pressure from hardware discounts, LSPD's valuation is at a steep discount to SaaS peers. Continued share reduction, international expansion, and a growing merchant cash advance business support my constructive outlook through 2026. Read the full article on Seeking Alpha
Seeking Alpha • Feb 12

Lightspeed Commerce: Recent Price Pressure Creates Attractive Buying Opportunity

Summary Despite disappointing share performance, I maintain a buy rating for Lightspeed Commerce with a 1-year target price of $18, projecting a 35% upside. LSPD’s fundamentals have slightly improved, with positive quarterly operating cash flow and reduced net loss margin, signaling potential for future growth. Key growth catalysts include positive hospitality market outlook in Europe and LSPD’s strategy to target high GTV customers and increase outbound sales. Risks include execution challenges in outbound sales and potential customer churn due to price increase strategy, but overall, LSPD appears undervalued with attractive risk-reward. Read the full article on Seeking Alpha
Seeking Alpha • Dec 07

Lightspeed: Brighter Now Than In 2021

Summary Lightspeed Commerce's unified offerings and focus on high GTV customers drive revenue growth and improve gross transaction volume, enhancing market presence. The company's reorganization and share repurchase program aim to boost profitability and valuation, supported by a strong cash balance and no long-term debt. Despite conservative analyst targets, Lightspeed's growing adjusted EBITDA and attractive EV/Sales multiples indicate long-term growth potential, especially in North American retail and EMEA hospitality markets. The stock's stable top line growth, new product offerings, and strategic market focus make it an attractive buy candidate on pullbacks, despite short-term bearish trends. Read the full article on Seeking Alpha
Seeking Alpha • Aug 12

Lightspeed Commerce Continues Cost-Cutting And Large Merchant Focus (Upgrade)

Summary Lightspeed Commerce reported its FQ1 2025 results, with reduced operating losses under a returning founder's leadership. LSPD focuses on POS software and hardware for various businesses, with a shift towards larger merchants. Financial trends show improving operating income, cost controls, and a focus on increasing subscription revenue. I'm upgrading my outlook on LSPD to Neutral (Hold). Read the full article on Seeking Alpha
Seeking Alpha • May 22

Lightspeed Commerce: On Track For Profitable Growth (Rating Upgrade)

Summary Notable increase in share price is primarily attributed to LSPD's substantial improvement in reducing operating losses, coupled with management's announcement of a restructuring plan aimed at further narrowing the gap to profitability. Demonstration of continued robust growth in transaction-based revenue, with expectations of subscription revenue re-acceleration in FY25, indicating a positive trajectory towards profitability. Forward FY25 valuation indicates a 13% upside potential from the current market cap, based on management's guidance. Considering these positive developments and minimal downside risk at the current valuation, I have upgraded my rating for LSPD from a "hold" to a "buy". Read the full article on Seeking Alpha
Seeking Alpha • Mar 26

Lightspeed Commerce: The Strategic Shift Towards Payment Solutions

Summary Subscription revenue increased by 8.6% YoY to $80.9 million in 3Q24, indicating positive momentum but trailing behind industry peers. Transaction-based revenue, primarily payment processing fees, grew 35.5% YoY to $406 million in 3Q24, reflecting the company's focus on bolstering payment revenue. Comparison with peers like Toast and Shift4 underscores Lightspeed's lower valuation, attributed to its lowest operating margin and uncertainty regarding sales growth and GAAP profitability. Lightspeed's balance sheet boasts a substantial cash position of $749 million with no debt. Read the full article on Seeking Alpha
Seeking Alpha • Feb 15

Lightspeed Commerce: Shift Towards High-ARPU Clients To Strengthen Fundamentals

Summary Lightspeed Commerce is a point-of-sale and e-commerce platform for businesses in retail, restaurants, and golf courses. The company's stock performance has been disappointing, trading at a significant discount from its IPO price. Despite being unprofitable, the focus on higher ARPU customers may drive future growth and margin expansion through better sales efficiencies, potentially driving share prices. Read the full article on Seeking Alpha
Seeking Alpha • Nov 27

Lightspeed Commerce: Making Notable Progress

Summary Today, we are circling back on Lightspeed Commerce for the first time since late 2022. LSPD has a strong balance sheet with over $760 million in cash and no long-term debt. The company continues to churn out impressive sales growth and the company is rapidly approaching profitability. An updated analysis of Lightspeed Commerce is provided in the paragraphs below. Read the full article on Seeking Alpha
Seeking Alpha • Sep 12

Lightspeed Commerce: Unlocking Omni-Channel Commerce Opportunities With Unique Positioning

Summary Lightspeed Commerce is a top-tier cloud-based, omni-channel commerce vendor benefiting from the shift to SaaS-based solutions and software-integrated payment distribution in the POS industry. The company's growth is driven by legacy POS system transitions and the substantial increase in e-commerce adoption. Lightspeed's growth outlook is supported by its omni-channel approach, expanding payment reach, and favorable e-commerce growth in retail commerce. Read the full article on Seeking Alpha
Seeking Alpha • Aug 09

Lightspeed Commerce Continues Unified System Rollout Amid High Operating Losses

Summary Lightspeed Commerce Inc. recently reported fiscal Q1 2024 financial results, beating revenue and EPS estimates. The company offers an omnichannel commerce platform for businesses worldwide. The mandatory adoption of its unified POS and payments system is expected to drive revenue growth in the medium term. Until we see improved revenue growth and a meaningful move toward operating breakeven, I'm Neutral [Hold] on Lightspeed Commerce Inc. Read the full article on Seeking Alpha
Seeking Alpha • May 31

Lightspeed Commerce Q4 Earnings: Great Growth With Improving Profitability (Rating Upgrade)

Summary Lightspeed Commerce continues to trade near its 52-week lows. The company's latest earnings were actually very solid as it continues to show great top line growth with improving profitability. The current valuation is very attractive with multiples being the lowest compared to its peer group. I rate the company as a buy. Read the full article on Seeking Alpha
Seeking Alpha • Feb 01

Lightspeed Commerce FQ3 2023 Earnings Preview

Lightspeed Commerce (NYSE:LSPD) is scheduled to announce FQ3 earnings results on Thursday, February 2nd, before market open. The consensus EPS Estimate is -$0.05 (vs. -$0.07 last year) and the consensus Revenue Estimate is $188.48M (+23.4% Y/Y). Over the last 1 year, LSPD has beaten EPS estimates 75% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 2 upward revisions and 6 downward. Revenue estimates have seen 0 upward revisions and 15 downward.
Seeking Alpha • Jan 24

Lightspeed Commerce's Profitability Remains A Distant Goal

Summary Lightspeed Commerce reported its FQ2 2023 financial results on November 3, 2022. The company provide a software and payments platform for retail and restaurant businesses globally. LSPD has produced revenue growth but high operating losses. Management has reduced forward guidance and the company faces a soft economy ahead. I remain on Hold for LSPD in the near term. A Quick Take On Lightspeed Commerce Lightspeed Commerce (LSPD) reported its FQ2 2023 financial results on November 3, 2022, beating revenue and EPS estimates. The company provides a platform for omnichannel commerce for businesses worldwide. Given management’s caution about forward revenue and its inability to make serious progress toward operating breakeven despite its goal to do so, I remain cautious about LSPD. I’m on Hold for LSPD in the near term. Lightspeed Commerce Overview Montreal, Canada,-based Lightspeed was founded in 2005 to develop a commerce platform of various functions for small and medium companies worldwide. The firm is headed by Jean-Paul Chauvet, who previously held senior roles at Atex Group and Nstein Technologies. The company’s primary offerings include Point of Sale Menu management Employee management Inventory management Analytics Payment processing Related hardware The firm acquires customers primarily in the retail, restaurant and golf course industries directly as well as through reseller partners. Lightspeed Commerce’s Market and Competition According to a 2018 market research report by Grand View Research, the global restaurant management software market is forecast to reach nearly $7 billion by 2025. This represents a forecast CAGR of 14.6% from 2019 to 2025. The main drivers for this expected growth are a growing awareness by restaurant operators of the benefits of increased efficiencies from software systems. Also, the COVID-19 pandemic will bring forward significant demand for integrated restaurant management systems in order to streamline processes while providing restaurant services in a more omnichannel approach to customers. Major competitive or other industry participants include: Block (SQ) TouchBistro Clover Network Toast (TOST) Oracle/Micros (ORCL) NCR (NCR) PAR Technology (PAR) Heartland Payment Systems Shift4 Payments (FOUR) Fiserv (FISV) FreedomPay Olo (OLO) Others Lightspeed’s Recent Financial Performance Total revenue by quarter has risen according to the following chart: 9 Quarter Total Revenue (Seeking Alpha) Gross profit margin by quarter has fallen in recent quarters: 9 Quarter Gross Profit Margin (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have trended lower more recently: 9 Quarter Selling, G&A % Of Revenue (Seeking Alpha) Operating losses by quarter have worsened in 2021 and 2022: 9 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have also trended substantially negative in recent quarters: 9 Quarter Earnings Per Share (Seeking Alpha) (All data in the above charts is GAAP) In the past 12 months, LSPD’s stock price has fallen 43% vs. that of Toast’s drop of around 6.5%, as the chart below indicates: 52-Week Stock Price Comparison (Seeking Alpha) Valuation And Other Metrics For Lightspeed Below is a table of relevant capitalization and valuation figures for the company: Measure [TTM] Amount Enterprise Value / Sales 2.5 Revenue Growth Rate 68.8% Net Income Margin -54.9% GAAP EBITDA % -35.4% Market Capitalization $2,493,547,260 Enterprise Value $1,635,778,050 Operating Cash Flow -$116,851,000 Earnings Per Share (Fully Diluted) -$2.42 (Source - Seeking Alpha) As a reference, a relevant partial public comparable would be Toast; shown below is a comparison of their primary valuation metrics: Metric [TTM] Toast Lightspeed Commerce Inc. Variance Enterprise Value / Sales 4.3 2.5 -42.2% Revenue Growth Rate 72.4% 68.8% -5.0% Net Income Margin -7.0% -54.9% 681.2% Operating Cash Flow -$168,000,000 -$116,851,000 30.4% (Source - Seeking Alpha) The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory. LSPD’s most recent GAAP Rule of 40 calculation was 33.4% as of FQ2 2023, so the firm is in need of some improvement in this regard, per the table below: Rule of 40 - GAAP Calculation Recent Rev. Growth % 68.8% GAAP EBITDA % -35.4% Total 33.4% (Source - Seeking Alpha) Commentary On Lightspeed Commerce In its last earnings call (Source - Seeking Alpha), covering FQ2 2023’s results, management highlighted its efforts in upselling customers on software and payments and produced ‘success in our target market of complex SMBs, especially among higher GTC customers.’ However, leadership noted that the macro environment has negatively impacted its business, although the twin challenges of inflationary effects on its customers combined with staff shortages making it more difficult for them to serve customers provides a strong use case for adopting LSPD’s solutions. The company also seeks to simplify its offerings to its Retail and Restaurant systems and to drive the adoption of its payments services to the greatest degree possible. As to its financial results, total revenue rose 37.9% year-over-year on an as-reported basis. The firm suffered foreign exchange headwinds due to the strong US dollar, although more recently, the dollar has been weakening, so this effect may wane. Management did not disclose any specific company retention rate metrics but indicated that it is focusing on larger and more complex customers since they produce less churn over time.
Seeking Alpha • Dec 20

Lightspeed Commerce: Much Cheaper, But No Cigar Yet

Summary Today, we revisit fast growing SaaS concern Lightspeed Commerce Inc. for the first time since March of this year. Lightspeed Commerce stock has been more than cut in half since we first looked at it.  The company continues to post impressive sales growth and has a fortress balance sheet. Has the equity finally become oversold?  An investment analysis of Lightspeed Commerce Inc. follows in the paragraphs below. We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.”― Plato Today, we circle back on Lightspeed Commerce Inc. (LSPD) for the first time from our first article on this small-cap SaaS (Software as a Service) concern in March of this year. We advised to avoid the shares due to valuation at the time. The stock has been cut in half since. So, with revenues still rising at an impressive clip, has Lightspeed dropped into the "buy zone" yet? An analysis follows below. Seeking Alpha Company Overview: August Company Presentation Lightspeed Commerce Inc. is based in Montreal, Canada. The stock trades for around $14.00 a share and sports an approximate market capitalization of $2.1 billion. The company's primary customers are in the retail, restaurant and hospitality industries. The company's two flagship products are Lightspeed Retail and Lightspeed Restaurant. Lightspeed's SaaS omnichannel commerce platform, offerings and capabilities allow its clients to engage with their consumers, manage their operations and accept payments. Revenue is roughly split between the U.S. and the rest of the globe, primarily Europe. August Company Presentation Third Quarter Results: On November 3rd, Lightspeed posted its third quarter numbers. The company lost 53 cents a share on a GAAP basis even as revenues surged 38% on a year-over-year basis to $183.7 million. Results were largely in line with expectations, but net loss increased from 43 cents a share in 3Q2021, it should be noted. Revenues were impacted by the strong dollar, and sales would have been up 41% during the quarter on a constant currency basis. During the quarter, transaction-based revenue came in at $101.3 million, an increase of 56% from the same period a year. Subscription based revenue grew 25% to $74.5 million during the quarter. Management lowered full year revenue guidance to $730 million to $740 million from previous guidance of $740 million to $760 million. Analyst Commentary & Balance Sheet: Since third quarter results came out, eight analyst firms including Barclays and BMO Capital have reissued Buy/Outperform ratings on the equity. A good portion of these had downward price target revisions attached to them. Price targets proffered ranged from $22 to $35 a share. Here was the view from BTIG who reiterated its Buy rating and $35 price target on the stock. We view the company's shift in focus to larger customers as promising, especially in the current period of macroeconomic uncertainty, insofar as they are more established businesses with the wherewithal and resources to be more resilient during difficult times. Management noted that 84% of LSPD's customer location churn during 2Q23 came from SMBs with less than $200k in annual GTV. As such, we believe that as the company's customer mix shifts to larger SMBs, churn is likely to become less of a concern." This week, Morgan Stanley maintained its Hold rating and $19 price target on Lightspeed. Piper Sandler downgraded the stock to a Neutral with a $18 price target right after third quarter numbers were posted. JP Morgan lowered its price target from $27 to $16 after earnings and maintained its Underweight rating on LSPD. Piper citied the following reasons for its downgrade "currency impacts, macro headwinds, & SMB churn that might be too difficult for the business to overcome over the near term." Approximately five percent of the outstanding shares are currently held short. At the end of the third quarter, Lightspeed had ~$863 million in unrestricted cash and cash equivalents and no notable long-term debt. Verdict: The current analyst firm consensus sees the company losing 27 cents a share in FY2022 as revenues rise nearly 35% to $734 million. Next year, they see Lightspeed roughly breaking even as sales rise 25% in FY2023.

Analisi della posizione finanziaria

Passività a breve termine: Le attività a breve termine ( $705.2M ) di LSPD superano le sue passività a breve termine ( $156.0M ).

Passività a lungo termine: Le attività a breve termine di LSPD ( $705.2M ) superano le sue passività a lungo termine ( $17.4M ).

Storia e analisi del rapporto debito/patrimonio netto

Livello di debito: LSPD è esente da debiti.

Riduzione del debito: LSPD non ha debiti rispetto a 5 anni fa, quando il suo rapporto debito/patrimonio netto era 2.2%.

Bilancio

Analisi della pista di contanti

Per le società che in passato sono state mediamente in perdita, valutiamo se hanno almeno un anno di liquidità.

Pista di liquidità stabile: Sebbene non redditizia LSPD ha una pista di cassa sufficiente per più di 3 anni se mantiene il suo attuale livello positivo di flusso di cassa libero.

Previsione Cash Runway: LSPD non è redditizia ma ha una liquidità sufficiente per più di 3 anni, grazie al flusso di cassa libero positivo e in crescita del 0.8 % all'anno.

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2026/05/06 06:56
Prezzo dell'azione a fine giornata2026/05/06 00:00
Utili2025/12/31
Utili annuali2025/03/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

Lightspeed Commerce Inc. è coperta da 25 analisti. 3 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Martin TonerATB Cormark
Raimo LenschowBarclays
Mark PalmerBenchmark Company