(LSPD) Lightspeed Commerce - Overview
Sector: Technology | Industry: Software - Application | Exchange: NYSE (USA) | Market Cap: 1.230m USD | Total Return: -13.4% in 12m
Avg Turnover: 8.34M
Qual. Beats: -1
Rev. Trend: 99.2%
Qual. Beats: 0
Warnings
Interest Coverage Ratio -510.6 is critical
Below Avwap Earnings
Tailwinds
No distinct edge detected
Lightspeed Commerce Inc. (LSPD) provides a cloud-based commerce platform and integrated payment solutions for small and medium-sized businesses, specifically targeting the retail, hospitality, and golf sectors. The company’s suite includes point-of-sale (POS) systems, inventory management, analytics, and financial services like Lightspeed Capital and Lightspeed Payments. Its business model transitions traditional brick-and-mortar operations into omnichannel environments by unifying physical and digital sales channels.
The company operates within the Software-as-a-Service (SaaS) sector, where revenue is primarily generated through recurring subscription fees and transaction-based processing volumes. This industry trend favors integrated fintech-plus-software models, which aim to increase customer stickiness by embedding financial services directly into the operational workflow. Lightspeed’s expansion into the golf industry via its Tee Sheet software highlights a strategy of vertical integration into niche markets with specific scheduling and retail needs.
Detailed historical performance metrics and valuation ratios are available on ValueRay for those conducting further analysis. Headquartered in Montreal, the company rebranded from Lightspeed POS to Lightspeed Commerce in 2021 to reflect its broader focus beyond hardware-centric point-of-sale systems toward a comprehensive commerce ecosystem.
- Unified payments penetration rates drive expansion of average revenue per user
- Gross payment volume growth correlates with consumer spending in hospitality and retail
- Subscription revenue scales through high-value merchant acquisition and multi-location expansion
- Operating margins depend on cost management following aggressive cloud platform consolidation
- Macroeconomic sensitivity to interest rates impacts SMB capital investment and software spend
| Net Income: -692.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 4.82 > 1.0 |
| NWC/Revenue: 45.97% < 20% (prev 69.69%; Δ -23.72% < -1%) |
| CFO/TA 0.06 > 3% & CFO 94.8m > Net Income -692.6m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 4.52 > 1.5 & < 3 |
| Outstanding Shares: last quarter (139.9m) vs 12m ago -9.32% < -2% |
| Gross Margin: 39.65% > 18% (prev 0.42%; Δ 3.92k% > 0.5%) |
| Asset Turnover: 57.53% > 50% (prev 42.52%; Δ 15.01% > 0%) |
| Interest Coverage Ratio: -510.6 > 6 (EBITDA TTM -553.0m / Interest Expense TTM 1.35m) |
| A: 0.33 (Total Current Assets 705.2m - Total Current Liabilities 156.0m) / Total Assets 1.68b |
| B: -1.56 (Retained Earnings -2.62b / Total Assets 1.68b) |
| C: -0.33 (EBIT TTM -689.1m / Avg Total Assets 2.08b) |
| D: 7.49 (Book Value of Equity 1.30b / Total Liabilities 173.4m) |
| Altman-Z'' = 2.69 = A |
| DSRI: 2.13 (Receivables 145.8m/60.5m, Revenue 1.19b/1.05b) |
| GMI: 1.05 (GM 39.65% / 41.58%) |
| AQI: 0.90 (AQ_t 0.57 / AQ_t-1 0.63) |
| SGI: 1.13 (Revenue 1.19b / 1.05b) |
| TATA: -0.47 (NI -692.6m - CFO 94.8m) / TA 1.68b) |
| Beneish M = -2.50 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at USD 8.37 with a total of 2,721,794 shares traded.
Over the past week, the price has changed by -3.06%,
over one month by -13.80%,
over three months by -3.93% and
over the past year by -13.36%.
Lightspeed Commerce has received a consensus analysts rating of 3.55. Therefore, it is recommended to hold LSPD.
- StrongBuy: 4
- Buy: 4
- Hold: 11
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 12.4 | 47.6% |
P/S = 1.0341
P/B = 0.8189
Revenue TTM = 1.19b USD
EBIT TTM = -689.1m USD
EBITDA TTM = -553.0m USD
Long Term Debt = 14.8m USD (estimated: total debt 20.2m - short term 5.41m)
Short Term Debt = 5.41m USD (from shortTermDebt, last quarter)
Debt = 20.2m USD (from shortLongTermDebtTotal, last quarter) (leases 20.2m already included)
Net Debt = -458.8m USD (calculated: Debt 20.2m - CCE 479.0m)
Enterprise Value = 771.4m USD (1.23b + Debt 20.2m - CCE 479.0m)
Interest Coverage Ratio = -510.6 (Ebit TTM -689.1m / Interest Expense TTM 1.35m)
EV/FCF = 24.98x (Enterprise Value 771.4m / FCF TTM 30.9m)
FCF Yield = 4.00% (FCF TTM 30.9m / Enterprise Value 771.4m)
FCF Margin = 2.58% (FCF TTM 30.9m / Revenue TTM 1.19b)
Net Margin = -57.97% (Net Income TTM -692.6m / Revenue TTM 1.19b)
Gross Margin = 39.65% ((Revenue TTM 1.19b - Cost of Revenue TTM 721.0m) / Revenue TTM)
Gross Margin QoQ = 42.77% (prev 42.38%)
Tobins Q-Ratio = 0.46 (Enterprise Value 771.4m / Total Assets 1.68b)
Interest Expense / Debt = 6.68% (Interest Expense 1.35m / Debt 20.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = -544.4m (EBIT -689.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 4.52 (Total Current Assets 705.2m / Total Current Liabilities 156.0m)
Debt / Equity = 0.01 (Debt 20.2m / totalStockholderEquity, last quarter 1.50b)
Debt / EBITDA = 0.83 (negative EBITDA) (Net Debt -458.8m / EBITDA -553.0m)
Debt / FCF = -14.86 (Net Debt -458.8m / FCF TTM 30.9m)
Total Stockholder Equity = 1.55b (last 4 quarters mean from totalStockholderEquity)
RoA = -33.35% (Net Income -692.6m / Total Assets 1.68b)
RoE = -16.60% (Net Income TTM -692.6m / Total Stockholder Equity 4.17b)
RoCE = -16.46% (EBIT -689.1m / Capital Employed (Equity 4.17b + L.T.Debt 14.8m))
RoIC = -35.69% (negative operating profit) (NOPAT -544.4m / Invested Capital 1.53b)
WACC = 11.46% (E(1.23b)/V(1.25b) * Re(11.56%) + D(20.2m)/V(1.25b) * Rd(6.68%) * (1-Tc(0.21)))
Discount Rate = 11.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.56 | Cagr: -4.03%
[DCF] Terminal Value 65.36% ; FCFF base≈30.9m ; Y1≈31.0m ; Y5≈32.8m
[DCF] Fair Price = 5.78 (EV 334.2m - Net Debt -458.8m = Equity 793.0m / Shares 137.3m; r=11.46% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -3.41 | # QB: -1
Revenue Correlation: 99.18 | Revenue CAGR: 19.97% | SUE: 0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.15 | Chg30d=+7.62% | Revisions=-20% | Analysts=5
[Analyst] Revisions Ratio: -20%