NYSE : LSPD
Lightspeed Commerce Inc. — Financial statements
Technology · Software - Application · Canada
Last price 10.96 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.42B
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Financial statements
Lightspeed Commerce Inc. (LSPD) reported revenue of 1.24B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.24B | 1.23B | 1.08B | 909.27M | 730.51M | 548.37M |
| Cost of Revenue | 708.40M | 700.12M | 626.62M | 524.02M | 398.55M | 277.20M |
| Gross Profit | 536.41M | 526.92M | 450.20M | 385.25M | 331.96M | 271.17M |
| Selling, General & Admin | 394.06M | 386.96M | 332.76M | 328.35M | 349.10M | 300.66M |
| Research & Development | 125.76M | 126.33M | 120.33M | 129.42M | 140.44M | 121.15M |
| Amortization of Goodwill & Intangibles | 109.58M | 138.82M | 88.43M | 95.05M | 101.55M | 91.81M |
| Operating Expenses | 641.50M | 664.05M | 554.09M | 567.40M | 604.80M | 526.36M |
| Operating Income | -105.09M | -137.13M | -103.88M | -182.15M | -272.84M | -255.18M |
| Interest Expense | -1.32M | -1.27M | -1.48M | -1.43M | -2.05M | -2.87M |
| Interest & Investment Income | 20.38M | 21.32M | 36.52M | 43.96M | 26.87M | 5.86M |
| Currency Exchange Gain (Loss) | -1.46M | 1.55M | -594.00K | -882.00K | 199.00K | -611.00K |
| EBT Excluding Unusual Items | -87.50M | -115.54M | -69.44M | -140.50M | -247.83M | -252.81M |
| Merger & Restructuring Charges | -8.74M | -6.26M | -17.87M | -10.31M | -70.47M | -51.29M |
| Impairment of Goodwill | -556.44M | -748.71M | ||||
| Legal Settlements | -27.00K | -7.82M | -12.05M | -7.47M | -1.41M | -1.66M |
| Other Unusual Items | -2.22M | -14.44M | -3.70M | -2.21M | -5.80M | -9.60M |
| Pretax Income | -96.39M | -144.05M | -659.51M | -160.49M | -1.07B | -315.35M |
| Income Tax Expense | 876.00K | 361.00K | 7.69M | 3.48M | -4.22M | -26.92M |
| Net Income | -97.27M | -144.41M | -667.20M | -163.96M | -1.07B | -288.43M |
| Net Income to Common | -97.27M | -144.41M | -667.20M | -163.96M | -1.07B | -288.43M |
| Shares Outstanding (Basic) | 138.51M | 139.17M | 153.68M | 153.77M | 150.40M | 141.58M |
| Shares Outstanding (Diluted) | 138.51M | 139.17M | 153.68M | 153.77M | 150.40M | 141.58M |
| EPS (Basic) | -0.70 | -1.04 | -4.34 | -1.07 | -7.11 | -2.04 |
| EPS (Diluted) | -0.70 | -1.04 | -4.34 | -1.07 | -7.11 | -2.04 |
| Free Cash Flow | 36.72M | 48.90M | -36.54M | -105.17M | -134.51M | -97.87M |
| Free Cash Flow Per Share | 0.27 | 0.35 | -0.24 | -0.68 | -0.89 | -0.69 |
| Gross Margin | 43.09% | 42.94% | 41.81% | 42.37% | 45.44% | 49.45% |
| Operating Margin | -8.44% | -11.18% | -9.65% | -20.03% | -37.35% | -46.53% |
| Profit Margin | -7.81% | -11.77% | -61.96% | -18.03% | -146.47% | -52.60% |
| Free Cash Flow Margin | 2.95% | 3.98% | -3.39% | -11.57% | -18.41% | -17.85% |
| EBITDA | -36.78M | -39.66M | -41.06M | -116.89M | -208.62M | -195.08M |
| EBITDA Margin | -2.95% | -3.23% | -3.81% | -12.86% | -28.56% | -35.57% |
| D&A For EBITDA | 68.32M | 97.47M | 62.82M | 65.26M | 64.22M | 60.10M |
| EBIT | -105.09M | -137.13M | -103.88M | -182.15M | -272.84M | -255.18M |
| EBIT Margin | -8.44% | -11.18% | -9.65% | -20.03% | -37.35% | -46.53% |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 372.14M | 453.91M | 558.47M | 722.10M | 800.15M | 953.65M |
| Cash & Short-Term Investments | 372.14M | 453.91M | 558.47M | 722.10M | 800.15M | 953.65M |
| Accounts Receivable | 56.73M | 56.76M | 50.21M | 55.38M | 42.37M | 24.42M |
| Other Receivables | 41.42M | 16.89M | 19.78M | 19.21M | 21.81M | 19.61M |
| Receivables | 98.15M | 73.65M | 69.98M | 74.58M | 64.17M | 44.03M |
| Inventory | 17.17M | 15.89M | 14.61M | 16.49M | 12.84M | 7.54M |
| Prepaid Expenses | 23.16M | 23.83M | 29.41M | 14.10M | 14.15M | 20.48M |
| Restricted Cash | 1.52M | 1.53M | 1.36M | 1.58M | 1.37M | 1.53M |
| Other Current Assets | 135.21M | 137.61M | 124.18M | 89.04M | 41.65M | 15.26M |
| Total Current Assets | 647.35M | 706.41M | 798.02M | 917.90M | 934.33M | 1.04B |
| Property, Plant & Equipment | 33.80M | 33.72M | 29.82M | 37.57M | 40.46M | 41.99M |
| Long-Term Investments | 1.52M | |||||
| Goodwill | 768.98M | 805.05M | 797.96M | 1.35B | 1.35B | 2.10B |
| Other Intangible Assets | 84.31M | 73.58M | 159.54M | 227.03M | 311.45M | 409.57M |
| Long-Term Accounts Receivable | 10.70M | 12.52M | 15.69M | 21.10M | 10.69M | 5.59M |
| Long-Term Deferred Tax Assets | 8.23M | 8.24M | 298.00K | 552.00K | 301.00K | 154.00K |
| Long-Term Deferred Charges | 31.17M | 20.55M | 18.88M | 18.16M | 15.15M | 9.60M |
| Other Long-Term Assets | 4.57M | 5.13M | 6.00M | 3.60M | 4.18M | 6.21M |
| Total Assets | 1.59B | 1.67B | 1.83B | 2.58B | 2.67B | 3.62B |
| Accounts Payable | 44.55M | 38.96M | 34.15M | 33.50M | 36.96M | 39.24M |
| Accrued Expenses | 32.62M | 37.94M | 33.09M | 32.05M | 29.13M | 32.69M |
| Current Portion of Leases | 5.29M | 5.25M | 5.65M | 6.94M | 6.62M | 7.63M |
| Current Income Taxes Payable | 1.45M | 787.00K | 1.54M | 1.71M | 6.92M | 6.72M |
| Current Unearned Revenue | 78.86M | 78.47M | 68.71M | 67.34M | 68.09M | 65.19M |
| Other Current Liabilities | 19.73M | 3.69M | 5.84M | 3.13M | 2.74M | 6.37M |
| Total Current Liabilities | 182.50M | 165.11M | 148.98M | 144.67M | 150.46M | 157.85M |
| Long-Term Debt | 29.84M | |||||
| Long-Term Leases | 14.65M | 14.91M | 11.32M | 16.27M | 18.57M | 23.04M |
| Long-Term Unearned Revenue | 694.00K | 661.00K | 1.09M | 851.00K | 1.23M | 2.12M |
| Long-Term Deferred Tax Liabilities | 284.00K | 6.83M | ||||
| Other Long-Term Liabilities | 1.55M | 1.39M | 562.00K | 967.00K | 1.03M | 1.01M |
| Total Liabilities | 199.39M | 182.07M | 162.24M | 162.75M | 171.28M | 220.69M |
| Common Stock | 3.67B | 3.92B | 4.16B | 4.36B | 4.30B | 4.20B |
| Additional Paid-In Capital | 210.25M | 208.20M | 200.63M | 213.92M | 198.02M | 123.78M |
| Retained Earnings | -2.49B | -2.65B | -2.69B | -2.16B | -2.00B | -926.19M |
| Comprehensive Income & Other | -37.00K | 1.88M | -7.46M | -4.04M | -3.06M | 2.68M |
| Shareholders' Equity | 1.39B | 1.48B | 1.66B | 2.41B | 2.50B | 3.40B |
| Total Liabilities & Equity | 1.59B | 1.67B | 1.83B | 2.58B | 2.67B | 3.62B |
| Total Debt | 19.95M | 20.16M | 16.97M | 23.21M | 25.19M | 60.51M |
| Net Cash (Debt) | 352.19M | 433.74M | 541.50M | 698.89M | 774.96M | 893.14M |
| Net Cash Per Share | 2.54 | 3.12 | 3.52 | 4.55 | 5.15 | 6.31 |
| Filing Date Shares Outstanding | 129.30M | 137.79M | 137.39M | 153.56M | 151.37M | 148.91M |
| Total Common Shares Outstanding | 129.32M | 137.77M | 146.40M | 153.55M | 151.17M | 148.66M |
| Working Capital | 464.85M | 541.31M | 649.04M | 773.23M | 783.88M | 884.64M |
| Book Value Per Share | 10.75 | 10.77 | 11.37 | 15.71 | 16.52 | 22.87 |
| Tangible Book Value | 536.42M | 604.52M | 706.46M | 836.13M | 835.35M | 885.35M |
| Tangible Book Value Per Share | 4.15 | 4.39 | 4.83 | 5.45 | 5.53 | 5.96 |
| Machinery | 18.83M | 17.49M | 17.42M | 13.71M | 13.49M | |
| Leasehold Improvements | 21.27M | 20.34M | 20.49M | 17.52M | 13.55M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -97.27M | -144.41M | -667.20M | -163.96M | -1.07B | -288.43M |
| Depreciation & Amortization | 73.48M | 102.56M | 68.04M | 73.21M | 72.47M | 67.85M |
| Other Amortization | 48.20M | 48.20M | 32.95M | 36.42M | 42.80M | 36.70M |
| Loss (Gain) From Sale of Assets | -2.09M | |||||
| Asset Writedown & Restructuring Costs | 556.44M | 748.71M | ||||
| Stock-Based Compensation | 55.85M | 57.02M | 55.60M | 74.91M | 129.17M | 108.92M |
| Other Operating Activities | -27.68M | -17.36M | -36.60M | -40.02M | 8.82M | 14.04M |
| Change in Accounts Receivable | 230.00K | 4.84M | 8.91M | -7.57M | -11.97M | -5.38M |
| Change in Inventory | -3.22M | -1.27M | 1.88M | -3.65M | -5.30M | -5.97M |
| Change in Accounts Payable | 8.53M | 10.55M | -892.00K | -194.00K | -9.02M | 6.84M |
| Change in Unearned Revenue | 9.50M | 9.33M | 1.50M | -1.13M | 2.00M | 4.55M |
| Change in Income Taxes | -386.00K | -753.00K | -169.00K | -5.21M | 201.00K | 1.08M |
| Change in Other Net Operating Assets | -21.97M | -13.24M | -53.24M | -60.47M | -33.16M | -27.40M |
| Operating Cash Flow | 43.18M | 55.46M | -32.76M | -97.67M | -125.28M | -87.22M |
| Capital Expenditures | -6.46M | -6.56M | -3.78M | -7.51M | -9.23M | -10.65M |
| Cash Acquisitions | -165.00K | -165.00K | -7.51M | -559.43M | ||
| Sale (Purchase) of Intangibles | -58.49M | -52.83M | -19.34M | -10.68M | -3.89M | |
| Investment in Securities | -1.52M | |||||
| Other Investing Activities | 20.84M | 21.99M | 38.68M | 44.13M | 23.46M | 6.15M |
| Investing Cash Flow | -25.20M | -37.56M | 8.04M | 25.95M | 8.82M | -563.93M |
| Long-Term Debt Repaid | -8.34M | -8.41M | -8.23M | -38.87M | -6.95M | |
| Lease Payments | -7.39M | -8.34M | -8.41M | -8.23M | -8.87M | -6.95M |
| Net Debt Issued (Repaid) | -7.39M | -8.34M | -8.41M | -8.23M | -38.87M | -6.95M |
| Issuance of Common Stock | 1.11M | 1.13M | 2.23M | 2.14M | 4.71M | 841.01M |
| Repurchase of Common Stock | -86.74M | -116.45M | -132.32M | |||
| Other Financing Activities | -130.00K | -88.00K | -180.00K | -143.00K | -1.25M | -36.00M |
| Financing Cash Flow | -93.14M | -123.75M | -138.68M | -6.23M | -35.41M | 798.06M |
| Foreign Exchange Rate Adjustments | -295.00K | 1.29M | -237.00K | -109.00K | -1.62M | -404.00K |
| Net Cash Flow | -75.46M | -104.56M | -163.63M | -78.05M | -153.50M | 146.50M |
| Free Cash Flow | 36.72M | 48.90M | -36.54M | -105.17M | -134.51M | -97.87M |
| Free Cash Flow Margin | 2.95% | 3.98% | -3.39% | -11.57% | -18.41% | -17.85% |
| Free Cash Flow Per Share | 0.27 | 0.35 | -0.24 | -0.68 | -0.89 | -0.69 |
| Levered Free Cash Flow | 44.07M | 65.46M | 29.47M | -13.16M | 48.00M | 90.18M |
| Unlevered Free Cash Flow | 44.90M | 66.25M | 30.40M | -12.27M | 49.28M | 91.98M |
| Free Cash Flow After Leases | 29.33M | 40.56M | -44.95M | -113.40M | -143.38M | -104.82M |
| Cash Interest Paid | 375.00K | 937.00K | ||||
| Cash Income Tax Paid | 4.44M | 5.04M | 4.65M | 7.62M | 1.15M | 748.00K |
| Change in Working Capital | -7.31M | 9.45M | -42.01M | -78.23M | -57.23M | -26.28M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.46B | 1.22B | 1.28B | 2.16B | 2.29B | 4.53B |
| Enterprise Value | 1.10B | 772.97M | 639.26M | 1.45B | 1.48B | 3.62B |
| Last Close Price | 10.87 | 8.96 | 8.75 | 14.06 | 15.18 | 30.47 |
| PS Ratio | 1.13 | 1.00 | 1.19 | 2.37 | 3.13 | 8.27 |
| PB Ratio | 1.01 | 0.82 | 0.77 | 0.90 | 0.92 | 1.33 |
| P/TBV Ratio | 2.62 | 2.02 | 1.81 | 2.58 | 2.74 | 5.12 |
| P/FCF Ratio | 38.29 | 25.02 | ||||
| P/OCF Ratio | 32.56 | 22.06 | ||||
| EV/Sales Ratio | 0.84 | 0.63 | 0.59 | 1.59 | 2.02 | 6.59 |
| EV/FCF Ratio | 28.53 | 15.81 | ||||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Debt / FCF Ratio | 0.54 | 0.41 | ||||
| Net Debt / Equity Ratio | -0.25 | -0.29 | -0.33 | -0.29 | -0.31 | -0.26 |
| Net Debt / EBITDA Ratio | 9.58 | 10.94 | 13.19 | 5.98 | 3.71 | 4.58 |
| Net Debt / FCF Ratio | -9.59 | -8.87 | 14.82 | 6.64 | 5.76 | 9.13 |
| Asset Turnover | 0.76 | 0.70 | 0.49 | 0.35 | 0.23 | 0.19 |
| Inventory Turnover | 44.11 | 45.91 | 40.29 | 35.73 | 39.11 | 60.84 |
| Quick Ratio | 2.58 | 3.19 | 4.22 | 5.51 | 5.75 | 6.32 |
| Current Ratio | 3.55 | 4.28 | 5.36 | 6.34 | 6.21 | 6.60 |
| Return on Equity (ROE) | -6.65% | -9.18% | -32.73% | -6.68% | -36.29% | -10.82% |
| Return on Assets (ROA) | -4.00% | -4.91% | -2.95% | -4.34% | -5.42% | -5.57% |
| Return on Capital Employed (ROCE) | -7.50% | -9.10% | -6.20% | -7.50% | -10.80% | -7.40% |
| Earnings Yield | -6.32% | -11.80% | -52.03% | -7.60% | -46.73% | -6.36% |
| FCF Yield | 2.61% | 4.00% | -2.85% | -4.87% | -5.87% | -2.16% |
| Buyback Yield / Dilution | 7.78% | 9.44% | 0.06% | -2.23% | -6.23% | -34.55% |