Loading...
LSPD logo

Lightspeed Commerce Inc.NYSE:LSPD Stock Report

Market Cap US$1.3b
Share Price
US$9.40
US$12.43
24.4% undervalued intrinsic discount
1Y-13.7%
7D-2.4%
1D
Portfolio Value
​
View

Lightspeed Commerce Inc.

NYSE:LSPD Stock Report

Market Cap: US$1.3b

Lightspeed Commerce (LSPD) Stock Overview

Engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses. More details

LSPD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 81.6% below our estimate of its fair value

Earnings are forecast to grow 65.02% per year

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for LSPD from our risk checks.

LSPD Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Lightspeed Commerce Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Lightspeed Commerce
Historical stock prices
Current Share PriceCA$9.40
52 Week HighCA$14.34
52 Week LowCA$7.83
Beta1.86
1 Month Change12.31%
3 Month Change7.67%
1 Year Change-13.68%
3 Year Change-37.33%
5 Year Change-88.83%
Change since IPO-68.41%

Recent News & Updates

Seeking Alpha • May 22

Lightspeed Commerce: I Won't Be Buying Until Things Get A Lot Better

Summary Lightspeed Commerce Inc. remains a Sell as mounting losses, shareholder dilution, and weak guidance reinforce my bearish thesis. LSPD's revenue growth is overshadowed by persistent negative EPS, heavy reliance on equity financing, and unsustainable operating expenses. Competition from Shopify and Toast intensifies, eroding LSPD's moat as POS software becomes commoditized and switching costs remain minimal. Guidance for FY2027 revenue and adjusted EBITDA falls short of consensus, with no clear path to profitability or margin expansion in sight. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • May 22

Lightspeed Commerce: I Won't Be Buying Until Things Get A Lot Better

Summary Lightspeed Commerce Inc. remains a Sell as mounting losses, shareholder dilution, and weak guidance reinforce my bearish thesis. LSPD's revenue growth is overshadowed by persistent negative EPS, heavy reliance on equity financing, and unsustainable operating expenses. Competition from Shopify and Toast intensifies, eroding LSPD's moat as POS software becomes commoditized and switching costs remain minimal. Guidance for FY2027 revenue and adjusted EBITDA falls short of consensus, with no clear path to profitability or margin expansion in sight. 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

Shareholder Returns

LSPDUS SoftwareUS Market
7D-2.4%-2.0%1.4%
1Y-13.7%-17.7%25.7%

Return vs Industry: LSPD exceeded the US Software industry which returned -18.3% over the past year.

Return vs Market: LSPD underperformed the US Market which returned 25.1% over the past year.

Price Volatility

Is LSPD's price volatile compared to industry and market?
LSPD volatility
LSPD Average Weekly Movement5.7%
Software Industry Average Movement10.0%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: LSPD has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: LSPD's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20053,400Dax Dasilvawww.lightspeedhq.com

Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses. It offers a cloud-based commerce platform that connects suppliers, merchants, and consumers to enable omnichannel experiences and engage with consumers, manage operations, accept payments, and grow business. The company’s cloud platform is designed around interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers’ efficiency and insight, and the facilitation of payments.

Lightspeed Commerce Inc. Fundamentals Summary

How do Lightspeed Commerce's earnings and revenue compare to its market cap?
LSPD fundamental statistics
Market capUS$1.29b
Earnings (TTM)-US$144.41m
Revenue (TTM)US$1.23b
1.1x
P/S Ratio
-8.9x
P/E Ratio

Is LSPD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LSPD income statement (TTM)
RevenueUS$1.23b
Cost of RevenueUS$700.12m
Gross ProfitUS$526.92m
Other ExpensesUS$671.33m
Earnings-US$144.41m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-1.05
Gross Margin42.94%
Net Profit Margin-11.77%
Debt/Equity Ratio0%

How did LSPD perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/20 12:49
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lightspeed Commerce Inc. is covered by 25 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin TonerATB Cormark
Raimo LenschowBarclays
Mark PalmerBenchmark Company