Lightspeed Commerce Inc.

NYSE:LSPD Stock Report

Market Cap: US$1.2b

Lightspeed Commerce Management

Management criteria checks 2/4

Lightspeed Commerce's CEO is Dax Dasilva, appointed in Jan 2005, has a tenure of 21.67 years. total yearly compensation is $3.38M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 10.81% of the company’s shares, worth $131.22M. The average tenure of the management team and the board of directors is 1.4 years and 3.7 years respectively.

Key information

Dax Dasilva

Chief executive officer

US$3.4m

Total compensation

CEO salary percentage15.17%
CEO tenure21.7yrs
CEO ownership10.8%
Management average tenure1.4yrs
Board average tenure3.7yrs

Recent management updates

Recent updates

Seeking Alpha • Aug 07

Lightspeed Shows Progress, But I Await Sustained Improvement

Summary Lightspeed Commerce beat FQ1 2027 revenue and earnings estimates, approaching operating breakeven. LSPD's revenue mix is driven by transactions (66.4%) and US exposure, with strengths in specialty retail, European hospitality, and unified merchant services. Management guides for 12–15% organic growth and $85M adjusted EBITDA in FY 2027, but competitive intensity and premium pricing pose risks. I maintain a Hold rating on LSPD, pending consistent operating profitability and further evidence of durable operating leverage. 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

CEO Compensation Analysis

How has Dax Dasilva's remuneration changed compared to Lightspeed Commerce's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-US$97m

Mar 31 2026US$3mUS$512k

-US$144m

Dec 31 2025n/an/a

-US$692m

Sep 30 2025n/an/a

-US$685m

Jun 30 2025n/an/a

-US$682m

Mar 31 2025US$2mUS$48k

-US$667m

Dec 31 2024n/an/a

-US$124m

Sep 30 2024n/an/a

-US$137m

Jun 30 2024n/an/a

-US$150m

Mar 31 2024US$248kUS$1

-US$164m

Dec 31 2023n/an/a

-US$206m

Sep 30 2023n/an/a

-US$980m

Jun 30 2023n/an/a

-US$1b

Mar 31 2023US$957kn/a

-US$1b

Dec 31 2022n/an/a

-US$1b

Sep 30 2022n/an/a

-US$361m

Jun 30 2022n/an/a

-US$340m

Mar 31 2022US$9mn/a

-US$288m

Dec 31 2021n/an/a

-US$216m

Sep 30 2021n/an/a

-US$193m

Jun 30 2021n/an/a

-US$153m

Mar 31 2021US$997kn/a

-US$124m

Dec 31 2020n/an/a

-US$101m

Sep 30 2020n/an/a

-US$74m

Jun 30 2020n/an/a

-US$65m

Mar 31 2020US$1mUS$238k

-US$54m

Compensation vs Market: Dax's total compensation ($USD3.38M) is below average for companies of similar size in the US market ($USD5.29M).

Compensation vs Earnings: Dax's compensation has increased whilst the company is unprofitable.

CEO

Dax Dasilva (50 yo)

21.7yrs
Tenure
US$3,377,040
Compensation

Mr. Dax Dasilva founded Lightspeed Commerce Inc. (formerly known as Lightspeed POS Inc.) (formerly known as LightSpeed Retail Inc.) in 2005 and serves as its Director since 2005 and also serves as its Chie...

Leadership Team

NamePositionTenureCompensationOwnership
Manon Brouillette
Executive Chairwoman of the Board3.7yrsUS$971.16k0.00017%
$ 2.1k
Dax Dasilva
Founder21.7yrsUS$3.38m10.81%
$ 131.2m
Asha Bakshani
Chief Financial Officer4.3yrsUS$2.79m0.037%
$ 450.4k
Shirvani Mudaly
Chief People Officer3.7yrsUS$2.10mno data
John Shapiro
Chief Product Officerless than a yearUS$2.88m0%
$ 0
Bhawna Singh
Chief Technology Officerless than a yearno data0.000080%
$ 971.2
Gus Papageorgiou
Head of Investor Relationsno datano datano data
Daniel Micak
Chief Legal Officer & Corporate Secretary8yrsUS$2.78m0.0032%
$ 38.2k
Gabriel Benavides
Chief Revenue Officerless than a yearno data0.0029%
$ 35.2k
Leslie Martin
Chief Strategy & Transformation Officerless than a yearno datano data
1.4yrs
Average Tenure

Experienced Management: LSPD's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Manon Brouillette
Executive Chairwoman of the Board3.7yrsUS$971.16k0.00017%
$ 2.1k
Dax Dasilva
Founder21.7yrsUS$3.38m10.81%
$ 131.2m
Sameer Samat
Independent Directorless than a yearUS$520.59kno data
Glen LeBlanc
Independent Director1.2yrsUS$583.96kno data
Odilon Almeida
Independent Directorless than a yearUS$519.87kno data
Dale Murray
Lead Independent Director4.7yrsUS$320.50k0.0042%
$ 51.0k
Nathalie Gaveau
Independent Director4.7yrsUS$253.53kno data
3.7yrs
Average Tenure
56yo
Average Age

Experienced Board: LSPD's board of directors are considered experienced (3.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 08:23
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
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 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 26 analysts. 16 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
Thanos MoschopoulosBMO Capital Markets Equity Research