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Lightspeed Commerce Inc. (LSPD) 10-Year Financial Performance & Capital Metrics

LSPD • • Industrial / General
TechnologyApplication SoftwareFinancial Technology & PaymentsPayment Processing
AboutLightspeed Commerce Inc. provides commerce enabling Software as a Service (SaaS) platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Australia, the Netherlands, and internationally. Its SaaS platform enables customers to engage with consumers, manage operations, accept payments, etc. The company's cloud platforms are designed 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. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, employee and inventory management, analytics and reporting, multi-location connectivity, order-ahead and curbside pickup functionality, loyalty, and customer management solutions. The company also offers tailored financial solutions, such as Lightspeed Analytics; Lightspeed Payments; and Lightspeed Capital, a merchant cash advance program. In addition, it sells POS peripheral hardware, including tablets, customer facing displays, receipt printers, networking hardware, cash drawers, payment terminals, servers, stands, bar-code scanners, and an assortment of accessories, as well as provides installation and implementation services. The company was formerly known as Lightspeed POS Inc. and changed its name to Lightspeed Commerce Inc. in August 2021. Lightspeed Commerce Inc. was incorporated in 2005 and is headquartered in Montréal, Canada.Show more
  • Revenue $1.08B +18.4%
  • EBITDA -$595M -537.1%
  • Net Income -$667M -306.9%
  • EPS (Diluted) -4.34 -305.6%
  • Gross Margin 41.81% -1.3%
  • EBITDA Margin -55.26% -438.0%
  • Operating Margin -64.63% -189.5%
  • Net Margin -61.96% -243.6%
  • ROE -32.73% -390.1%
  • ROIC -36.81% -315.4%
  • Debt/Equity 0.01 +6.0%
  • Interest Coverage -469.96 -185.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 54.9%
  • ✓Trading at only 1.1x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y54.93%
3Y25.22%
TTM14.74%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-398.86%

EPS CAGR

10Y-
5Y-
3Y-
TTM-410.11%

ROCE

10Y Avg-35.64%
5Y Avg-20.27%
3Y Avg-26.28%
Latest-33.89%

Peer Comparison

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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BILLBill.com Holdings, Inc.4.83B48.25209.7813.36%0.8%0.31%6.41%0.45
BLBlackLine, Inc.3.12B52.4336.1610.74%11.07%20.75%6.05%1.90
NATLNCR Atleos Corporation3.01B40.7233.113.01%3.09%39.88%6.81%11.54
OLBThe OLB Group, Inc.6.41M0.73-0.12-58%-92.68%-169.91%0.12
LSPDLightspeed Commerce Inc.1.6B11.74-2.7118.43%-58.98%-45.18%0.01
CCGWWCheche Group Inc. Warrant9.09M0.025.2%-1.76%-16.69%0.10

Profit & Loss

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales/Revenue+42.61M57.08M77.45M120.64M221.73M548.37M730.51M909.27M1.08B
Revenue Growth %-0.34%0.36%0.56%0.84%1.47%0.33%0.24%0.18%
Cost of Goods Sold+15M17.48M23.57M43.2M94.06M277.2M398.55M524.02M626.62M
COGS % of Revenue0.35%0.31%0.3%0.36%0.42%0.51%0.55%0.58%0.58%
Gross Profit+27.61M39.6M53.88M77.44M127.67M271.17M331.96M385.25M450.2M
Gross Margin %0.65%0.69%0.7%0.64%0.58%0.49%0.45%0.42%0.42%
Gross Profit Growth %-0.43%0.36%0.44%0.65%1.12%0.22%0.16%0.17%
Operating Expenses+58.25M60.87M75.65M135.84M257.39M589.51M1.43B588.27M1.15B
OpEx % of Revenue1.37%1.07%0.98%1.13%1.16%1.08%1.96%0.65%1.06%
Selling, General & Admin38.77M42.45M52.83M79.87M149.94M311.91M356.31M338.03M332.76M
SG&A % of Revenue0.91%0.74%0.68%0.66%0.68%0.57%0.49%0.37%0.31%
Research & Development13.68M13.29M18.28M31.81M55.3M121.15M140.44M129.42M151.95M
R&D % of Revenue0.32%0.23%0.24%0.26%0.25%0.22%0.19%0.14%0.14%
Other Operating Expenses-20.28M-59.98M-191.22M24.16M52.15M156.45M934.25M120.82M661.5M
Operating Income+-34M-21.92M-23.22M-58.41M-129.72M-318.34M-1.1B-203.02M-696.01M
Operating Margin %-0.8%-0.38%-0.3%-0.48%-0.59%-0.58%-1.5%-0.22%-0.65%
Operating Income Growth %-0.36%-0.06%-1.52%-1.22%-1.45%-2.45%0.82%-2.43%
EBITDA+-28.29M-16.83M-18.76M-44.94M-93.23M-213.79M-983.78M-93.39M-595.02M
EBITDA Margin %-0.66%-0.29%-0.24%-0.37%-0.42%-0.39%-1.35%-0.1%-0.55%
EBITDA Growth %-0.41%-0.11%-1.4%-1.07%-1.29%-3.6%0.91%-5.37%
D&A (Non-Cash Add-back)5.72M5.1M4.46M13.47M36.48M104.55M115.26M109.63M100.99M
EBIT-30.64M-21.27M-21.77M-47.72M-127.17M-312.49M-1.07B-159.06M-658.03M
Net Interest Income+73K-26K181K1.77M-353K2.99M24.81M42.53M36.5M
Interest Income73K0181K1.77M2.54M5.86M26.87M43.77M37.98M
Interest Expense026K002.9M2.87M2.05M1.24M1.48M
Other Income/Expense-20.21M-60.01M-191.04M1.77M-353K2.99M24.81M42.53M36.5M
Pretax Income+-54.21M-81.93M-214.25M-56.64M-130.07M-315.35M-1.07B-160.49M-659.51M
Pretax Margin %-1.27%-1.44%-2.77%-0.47%-0.59%-0.58%-1.47%-0.18%-0.61%
Income Tax+4.19M14.25M-30.73M-3.11M-5.79M-26.92M-4.22M3.48M7.69M
Effective Tax Rate %1.08%1.17%0.86%0.95%0.96%0.91%1%1.02%1.01%
Net Income+-58.4M-96.18M-183.53M-53.53M-124.28M-288.43M-1.07B-163.96M-667.2M
Net Margin %-1.37%-1.69%-2.37%-0.44%-0.56%-0.53%-1.46%-0.18%-0.62%
Net Income Growth %--0.65%-0.91%0.71%-1.32%-1.32%-2.71%0.85%-3.07%
Net Income (Continuing)-58.4M-96.18M-183.53M-53.53M-124.28M-288.43M-1.07B-163.96M-667.2M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)+-0.72-1.18-2.25-0.62-1.18-2.04-7.11-1.07-4.34
EPS Growth %--0.64%-0.91%0.72%-0.9%-0.73%-2.49%0.85%-3.06%
EPS (Basic)-0.72-1.18-2.25-0.62-1.18-2.04-7.11-1.07-4.34
Diluted Shares Outstanding81.49M81.49M81.49M85.89M105.22M141.58M150.4M153.77M153.68M
Basic Shares Outstanding81.49M81.49M81.49M85.89M105.22M141.58M150.4M153.77M153.68M
Dividend Payout Ratio---------

Balance Sheet

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Current Assets+21.77M33.81M221.6M229.27M853.66M1.04B934.33M917.9M798.02M
Cash & Short-Term Investments15.31M24.65M207.7M212.8M814.9M953.65M800.15M722.1M558.47M
Cash Only15.31M24.65M207.7M212.8M814.9M953.65M800.15M722.1M558.47M
Short-Term Investments000000000
Accounts Receivable4.35M4.13M8.42M11.24M27.01M44.03M64.17M74.58M69.98M
Days Sales Outstanding37.2626.439.734.0244.4629.3132.0629.9423.72
Inventory266K238K269K932K1.57M7.54M12.84M16.49M14.61M
Days Inventory Outstanding6.474.974.177.876.19.9311.7611.498.51
Other Current Assets681K3M3.68M4.29M10.18M10.49M13.53M16.39M19.37M
Total Non-Current Assets+33.68M30.21M34.72M249.16M1.25B2.58B1.73B1.66B1.03B
Property, Plant & Equipment5.01M4.73M5.37M23.95M29.55M41.99M40.46M37.57M29.82M
Fixed Asset Turnover8.50x12.06x14.42x5.04x7.50x13.06x18.05x24.20x36.12x
Goodwill20.4M20.4M22.54M146.6M971.94M2.1B1.35B1.35B797.96M
Intangible Assets7.47M4.09M2.62M62.82M234.49M409.57M311.45M227.03M159.54M
Long-Term Investments265K493K262K8.41M2.06M01.52M00
Other Non-Current Assets73K221K3.74M7.28M13.44M21.4M30.02M42.87M40.56M
Total Assets+55.45M64.03M255.81M478.43M2.11B3.62B2.67B2.58B1.83B
Asset Turnover0.77x0.89x0.30x0.25x0.11x0.15x0.27x0.35x0.59x
Asset Growth %-0.15%3%0.87%3.4%0.72%-0.26%-0.04%-0.29%
Total Current Liabilities+24.23M34.31M48.63M70.81M113.4M157.85M150.46M144.67M148.98M
Accounts Payable3.38M3.42M7.71M12.32M22.09M39.24M36.96M33.5M34.15M
Days Payables Outstanding82.1471.38119.32104.1485.751.6833.8523.3319.89
Short-Term Debt0003.3M5.12M0000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities391K25.55M32.69M7.79M16.87M25.24M22.54M23.59M25.54M
Current Ratio0.90x0.99x4.56x3.24x7.53x6.60x6.21x6.34x5.36x
Quick Ratio0.89x0.98x4.55x3.22x7.51x6.56x6.12x6.23x5.26x
Cash Conversion Cycle-38.41-40-75.45-62.24-35.14-12.449.9718.0912.34
Total Non-Current Liabilities+203.07M295.28M10.51M63.48M57.63M62.84M20.83M18.09M13.25M
Long-Term Debt170.68M250.89M029.69M29.77M29.84M000
Capital Lease Obligations01.52M013.55M20.56M23.04M18.57M16.27M11.32M
Deferred Tax Liabilities16.93M30.89M706K6.58M1.36M6.83M00284K
Other Non-Current Liabilities1.54M1.71M1.78M8.2M3.15M1.01M1.03M967K562K
Total Liabilities227.3M329.59M59.15M134.29M171.04M220.69M171.28M162.75M162.24M
Total Debt+170.68M250.89M046.53M55.45M60.51M25.19M23.21M16.97M
Net Debt155.37M226.23M-207.7M-166.26M-759.45M-893.14M-774.96M-698.89M-541.5M
Debt / Equity---0.14x0.03x0.02x0.01x0.01x0.01x
Debt / EBITDA---------
Net Debt / EBITDA---------
Interest Coverage--843.15x---44.78x-111.04x-535.07x-164.37x-469.96x
Total Equity+-171.85M-265.56M196.67M344.14M1.93B3.4B2.5B2.41B1.66B
Equity Growth %--0.55%1.74%0.75%4.62%0.76%-0.27%-0.03%-0.31%
Book Value per Share-2.11-3.262.414.0118.3824.0116.6015.6910.83
Total Shareholders' Equity-171.85M-265.56M196.67M344.14M1.93B3.4B2.5B2.41B1.66B
Common Stock12.94M14.32M652.34M852.12M2.53B4.2B4.3B4.36B4.16B
Retained Earnings-186.51M-282.69M-459.95M-513.48M-637.76M-926.19M-2B-2.16B-2.69B
Treasury Stock000000000
Accumulated OCI-2.9M-4M-5.39M-6.27M9.71M2.68M-3.06M-4.04M-7.46M
Minority Interest000000000

Cash Flow

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+-10.94M-10.02M-7.56M-28.55M-93.06M-87.22M-125.28M-97.67M-32.76M
Operating CF Margin %-0.26%-0.18%-0.1%-0.24%-0.42%-0.16%-0.17%-0.11%-0.03%
Operating CF Growth %-0.08%0.25%-2.78%-2.26%0.06%-0.44%0.22%0.66%
Net Income-58.4M-96.18M-183.53M-53.53M-124.28M-288.43M-1.07B-163.96M-667.2M
Depreciation & Amortization5.81M5.12M4.54M13.47M36.48M104.55M115.26M109.63M100.99M
Stock-Based Compensation1.03M1.16M1.69M8.87M37.26M153.96M169.39M77.87M55.6M
Deferred Taxes4.1M14.13M-30.79M-3.16M-5.96M-28.02M-6.69M-323K191K
Other Non-Cash Items23.44M60.67M192.54M9.8M1.79M-2.98M724M-42.65M519.65M
Working Capital Changes13.09M5.08M7.99M-3.99M-38.36M-26.28M-57.23M-78.23M-42.01M
Change in Receivables-842K-2.8M-727K2.07M-9.18M-5.38M-11.97M-7.57M8.91M
Change in Inventory-40K28K31K-401K-256K-5.97M-5.3M-3.65M1.88M
Change in Payables1.28M1.02M5.65M-1.33M-15.33M6.84M-9.02M-194K-892K
Cash from Investing+-2.44M-1.48M-3.42M-120.29M-235.05M-563.93M8.82M25.95M8.04M
Capital Expenditures-2.44M-1.49M-2.03M-3.61M-1.79M-10.65M-9.23M-7.51M-3.78M
CapEx % of Revenue0.06%0.03%0.03%0.03%0.01%0.02%0.01%0.01%0%
Acquisitions---------
Investments---------
Other Investing-17K6K03.48M2.32M6.15M19.56M33.46M19.34M
Cash from Financing+90K20.49M194.92M153.53M922.32M798.06M-35.41M-6.23M-138.68M
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid000000000
Share Repurchases---------
Other Financing90K490K-11.84M7.64M-25.87M-18.51M3.46M2M2.05M
Net Change in Cash---------
Free Cash Flow+-13.37M-11.51M-9.59M-32.16M-94.86M-97.87M-138.41M-115.85M-55.88M
FCF Margin %-0.31%-0.2%-0.12%-0.27%-0.43%-0.18%-0.19%-0.13%-0.05%
FCF Growth %-0.14%0.17%-2.35%-1.95%-0.03%-0.41%0.16%0.52%
FCF per Share-0.16-0.14-0.12-0.37-0.90-0.69-0.92-0.75-0.36
FCF Conversion (FCF/Net Income)0.19x0.10x0.04x0.53x0.75x0.30x0.12x0.60x0.05x
Interest Paid2K5K26K320K1.02M937K375K00
Taxes Paid11K60K124K113K147K748K1.15M7.62M4.65M

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)---93.32%-19.8%-10.91%-10.82%-36.29%-6.68%-32.73%
Return on Invested Capital (ROIC)----52.51%-14.38%-12.97%-38.99%-8.86%-36.81%
Gross Margin64.79%69.38%69.56%64.19%57.58%49.45%45.44%42.37%41.81%
Net Margin-137.06%-168.5%-236.96%-44.37%-56.05%-52.6%-146.47%-18.03%-61.96%
Debt / Equity---0.14x0.03x0.02x0.01x0.01x0.01x
Interest Coverage--843.15x---44.78x-111.04x-535.07x-164.37x-469.96x
FCF Conversion0.19x0.10x0.04x0.53x0.75x0.30x0.12x0.60x0.05x
Revenue Growth-33.95%35.69%55.76%83.8%147.32%33.21%24.47%18.43%

Revenue by Segment

20202021202220232024
Transaction Based Revenue82.95M264.04M399.55M545.47M697.27M
Transaction Based Revenue Growth-218.31%51.32%36.52%27.83%
Subscription Revenue119.32M248.43M298.76M322M344.77M
Subscription Revenue Growth-108.20%20.26%7.78%7.07%
Hardware And Other Revenue19.45M35.9M32.19M41.8M34.78M
Hardware And Other Revenue Growth-84.53%-10.33%29.85%-16.79%

Revenue by Geography

20202021202220232024
UNITED STATES140.86M395.87M527.35M616.63M693.66M
UNITED STATES Growth-181.05%33.21%16.93%12.49%
Other Areas34.53M70.19M80.53M113.05M152.4M
Other Areas Growth-103.28%14.73%40.38%34.81%
CANADA17.64M33.42M47.07M65.07M90.36M
CANADA Growth-89.52%40.82%38.26%38.87%
AUSTRALIA13.63M29.23M45.32M67.29M80.83M
AUSTRALIA Growth-114.50%55.05%48.47%20.13%
NETHERLANDS15.08M19.66M---
NETHERLANDS Growth-30.36%---

Frequently Asked Questions

Growth & Financials

Lightspeed Commerce Inc. (LSPD) reported $1.16B in revenue for fiscal year 2024. This represents a 2628% increase from $42.6M in 2016.

Lightspeed Commerce Inc. (LSPD) grew revenue by 18.4% over the past year. This is strong growth.

Lightspeed Commerce Inc. (LSPD) reported a net loss of $685.6M for fiscal year 2024.

Dividend & Returns

Lightspeed Commerce Inc. (LSPD) has a return on equity (ROE) of -32.7%. Negative ROE indicates the company is unprofitable.

Lightspeed Commerce Inc. (LSPD) generated $3.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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