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What this page is: Delvantic's full research page for Lightspeed Commerce Inc. (LSPD) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.

Page map (sections in order; each card carries a stable reference-name attribute you can cite):

  • profile-header / price-overview — company profile, live quote, market cap
  • extended-analysisthe core: three AI lens reads with findings, scores, and the analyst memo
  • future-predictions — our forward price-band predictions
  • market-narrative / ai-findings / gpt-critique — narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)
  • Members-only sections (render as login gates for anonymous readers): price-history, income-trend, key-metrics, financials (statement tables), insider-trading. The analysis above is public; the raw data tables require a free account.

More for machine readers: site briefing at /llms.txt · any ticker resolves at delvantic.com/stock/TICKER · raw inputs are public-company filings and market data (via licensed data feeds); every model, score, lens read, and prediction on this page is Delvantic's own analysis.

Lightspeed Commerce Inc.

LSPD NYSE GICS Category PDF
Technology · Software - Application
Montreal, QC H2Y 1A6, Canada lightspeedhq.com Updated Aug 9, 4:03am
Price
$10.46
Market Cap
$1.4B
Employees
3,400
Beta
1.80
Avg Volume
927,107
CEO
Mr. Dax Dasilva

Lightspeed Commerce Inc. is a prominent provider of cloud-based point of sale (POS) solutions and e-commerce platforms tailored for small to medium-sized businesses. The company aims to empower businesses by offering versatile and user-friendly software that integrates various functionalities such as inventory management, sales analytics, and customer relationship management. Its platforms are crucial for retailers, restaurants, and hospitality sectors aiming to streamline their operations and enhance customer engagement. Founded in 2005 and headquartered in Montreal, Canada, Lightspeed Commerce has expanded its reach across multiple industries and regions, distinguishing itself with scalable solutions that cater to both in-store and e-commerce needs. The company's software facilitates seamless transactions, detailed reporting, and enhanced visibility of sales channels, thereby helping clients optimize their business performance. In the financial market, Lightspeed Commerce Inc. serves as a significant player in the tech and retail solutions industries, driving innovation for business operations. With a strong emphasis on the digital transformation of commerce, Lightspeed remains a central figure for enterprises seeking comprehensive and adaptive POS and e-commerce solutions in a rapidly evolving digital landscape.

Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 9
No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 30, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+0.0%
Feb '26
+18.2%
May '26
-33.3%
May '26
+8.3%
Jul '26
Print date EPS est. EPS actual Revenue est. Revenue actual
Jul 30, 2026 $0.12 $0.13 +8.3%
May 21, 2026 $0.12 $0.08 -33.3%
May 8, 2026 $0.11 $0.13 +18.2%
Feb 5, 2026 $0.15 $0.15 +0.0%

Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.

Recent SEC Filings
Filed Form Document
Jul 31, 2026 6-K View
Jul 30, 2026 6-K View
Jul 30, 2026 6-K View
Jul 9, 2026 6-K View
Jun 26, 2026 6-K View
Jun 15, 2026 144 View
Jun 8, 2026 144 View
May 26, 2026 144 View
May 21, 2026 40-F View
May 21, 2026 6-K View
May 7, 2026 6-K View
Apr 29, 2026 6-K View

Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.

Price Overview
Last updated: Aug 9, 2026 4:03am (just now)
Current data · timestamped when a report runs
$10.46
Change · Aug 9
+0.23 (+2.25%)
Day Range
$10.26 – $10.55
52-Week Range
$7.83 – $13.72
50-Day MA
$10.00
200-Day MA
$10.31
Volume
546,400.00
Share Structure
Outstanding 129,316,898.00
Float 90,911,836.00
Free Float 70.3%
Normal free float — 70.3% of shares trade freely, ~29.7% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Last updated: Aug 9, 2026 4:03am (just now)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Aug 7, 2026 2:55am (2d ago)
Why there are no quarterly figures for Lightspeed Commerce Inc.

This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.

Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
TD Twelve Data statement HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEX
Stock Price / EPS (Diluted)
-2.41
Stock Price: $10.46
EPS (Diluted): -4.34
P/B Ratio (Price vs net asset value)
HEX
Stock Price / Book Value Per Share
0.97
Stock Price: $10.46
Total Equity: $1.66B
Shares: 153,676,514
EV/EBITDA (Total value vs operating profit)
HEX
Enterprise Value / EBITDA
-1.76
Market Cap: $1.35B
Total Debt: $0.00
Cash: $558.47M
EBITDA: -$595.02M
Enterprise Value (Takeover price (cap + debt - cash))
HEX
Market Cap + Total Debt - Cash
$1.0B
Market Cap: $1.35B
Total Debt: $0.00
Cash: $558.47M
P/S Ratio (Price per dollar of revenue)
HEX
Stock Price / Revenue Per Share
1.49
Stock Price: $10.46
Revenue: $1.08B
Shares: 153,676,514
EV/Sales (Total value vs revenue — works when P/E can't)
CALC
0.97
Gross Margin (Revenue left after direct costs)
HEX
Gross Profit / Revenue
41.8%
Gross Profit: $450.21M
Revenue: $1.08B
Operating Margin (Revenue left after all operations)
HEX
Operating Income / Revenue
-64.6%
Operating Income: -$696.01M
Revenue: $1.08B
Net Margin (Revenue left as actual profit)
HEX
Net Income / Revenue
-62.0%
Net Income: -$667.20M
Revenue: $1.08B
ROE (Profit from shareholder equity)
HEX
Net Income / Total Equity
-40.1%
Net Income: -$667.20M
Total Equity: $1.66B
ROIC (Profit from all invested capital)
HEX
NOPAT / Invested Capital
-63.7%
Operating Income: -$696.01M
Tax Rate: -1.2%
Equity: $1.66B
Total Debt: $0.00
Cash: $558.47M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEX
Current Assets / Current Liabilities
5.36
Current Assets: $798.02M
Current Liabilities: $148.98M
Debt/Equity (Leverage — debt vs equity)
HEX
Total Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $1.66B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEX
Revenue / Shares Outstanding
$7.01
Revenue: $1.08B
Shares: 153,676,514
Book Value/Share (Net assets per share)
HEX
(Total Assets - Total Liabilities) / Shares
$10.83
Total Equity: $1.66B
Shares: 153,676,514
FCF/Share (Real cash generated per share)
HEX
(Operating Cash Flow + CapEx) / Shares
$-0.24
Operating CF: -$32.76M
CapEx: -$3.78M
Shares: 153,676,514
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TD
Last Annual Dividend / Stock Price
Last Dividend: $0.00
Stock Price: $10.46
Payout Ratio (Earnings paid out as dividends)
HEX
Dividends Paid / Net Income
Dividends Paid: N/A
Net Income: -$667.20M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 7, 2026 2:55am (2d ago)
Metric 2021 2022 2023 2024 2025
Revenue $221.7M $548.4M $730.5M $909.3M $1.1B
Cost of Revenue $94.4M $277.2M $398.5M $524.0M $626.6M
Gross Profit $127.3M $271.2M $332.0M $385.3M $450.2M
Operating Expenses $257.0M $589.5M $1.4B $588.3M $1.1B
Operating Income -$129.7M -$318.3M -$1.1B -$203.0M -$696.0M
Net Income -$124.3M -$288.4M -$1.1B -$164.0M -$667.2M
EBITDA -$93.2M -$213.8M -$983.8M -$93.4M -$595.0M
EPS $-1.18 $-2.04 $-7.11 $-1.07 $-4.34
EPS (Diluted) $-1.18 $-2.04 $-7.11 $-1.07 $-4.34
Balance Sheet (Annual)
Last updated: Aug 7, 2026 2:55am (2d ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $807.2M $953.7M $800.2M $722.1M $558.5M
Total Current Assets $857.7M $1.0B $934.3M $917.9M $798.0M
Total Assets $2.1B $3.6B $2.7B $2.6B $1.8B
Current Liabilities $113.4M $157.9M $150.5M $144.7M $149.0M
Long-Term Debt $29.8M $29.8M $0
Total Liabilities $171.0M $220.7M $171.3M $162.8M $162.2M
Total Equity $1.9B $3.4B $2.5B $2.4B $1.7B
Retained Earnings -$637.8M -$926.2M -$2.0B -$2.2B -$2.7B
Cash Flow (Annual)
Last updated: Aug 7, 2026 2:55am (2d ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$93.1M -$87.2M -$125.3M -$97.7M -$32.8M
Capital Expenditure -$1.8M -$10.7M -$9.2M -$7.5M -$3.8M
Free Cash Flow -$94.9M -$97.9M -$134.5M -$105.2M -$36.5M
Acquisitions (net) -$235.6M -$559.4M $0 $0 -$7.5M
Net Debt Issued / (Repaid) $0
Dividends Paid
Stock Buybacks
Net Change in Cash $596.2M $146.5M -$153.5M -$78.1M -$163.6M
Growth Trends (YoY %)
Last updated: Aug 7, 2026 2:55am (2d ago)
Metric 2022 2023 2024 2025
Revenue Growth +147.3% +33.2% +24.5% +18.4%
Gross Profit Growth +113.0% +22.4% +16.1% +16.9%
Operating Income Growth -145.4% -245.2% +81.5% -242.8%
Net Income Growth -132.1% -271.0% +84.7% -306.9%
EBITDA Growth -129.3% -360.2% +90.5% -537.1%
Industry Benchmarks
Compares LSPD against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for LSPD — it's generated by the pipeline (market-narrative step).
Claude Reading
Claude Opus reviews the pipeline's raw data + every prior verdict, then writes an independent take.
No AI findings yet for LSPD — they're generated by the pipeline (ai-findings step) when a report is run on this ticker.
GPT Reading
GPT reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No GPT reading yet for LSPD — it's generated by the pipeline (gpt-critique step) after the other Big-3 seats, when a report is run on this ticker.
Grok Reading
Grok (xAI) reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No Grok reading yet for LSPD — it's generated by the pipeline (grok-critique step) alongside the other Big-3 seats, when a report is run on this ticker.
Advanced Analysis Forensic deep-dive · three lenses
A separate, manually-run forensic pipeline (dilution, earnings quality, liquidity → two scored lenses → the play). Hasn't been run for this ticker yet.
Character & Durability Scorecard
Ten long-horizon business-character traits the Quality / Value / Sentiment lenses don’t break out, scored 1–10.
No scorecard yet for LSPD — the ten traits are scored by the pipeline (ext-scorecard step) when a report is run on this ticker.
Community AI Feedback
No community reviews yet for LSPD. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.515 · 9f7cac68 · 2026-08-08 13:09:58