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Lightspeed Commerce Inc. (LSPD.TO)

CAD14.39 -0.30 (-2.04%)
CA TSX Technology Software - Application
Address Gare Viger H2Y 1A6
Montreal, QC, CA
CEO Dax Dasilva
IPO 2019-03-08
ISIN CA53229C1077

Explore sections of this company profile

Also trades on New York Stock Exchange · LSPD (USD) Toronto Stock Exchange · LSPD.TO (CAD)
Description

Lightspeed Commerce Inc. delivers a cloud-based Software as a Service (SaaS) platform designed for small and medium-sized businesses, including retailers, restaurants, and golf course operators, with services extending across Canada, the United States, Australia, the Netherlands, and other international regions. This comprehensive platform enables clients to effectively interact with their customers, streamline business operations, and efficiently process transactions. Lightspeed's integrated cloud solutions offer an interconnected suite of features, providing a seamless omni-channel consumer experience, a powerful back-office management system for improved efficiency and insight, and simplified payment processing. Its extensive functionalities encompass full omni-channel support, point-of-sale (POS) systems, product and menu management, employee and inventory control, advanced analytics and reporting, multi-location integration, order-ahead and curbside pickup options, as well as loyalty and customer management tools. Beyond its primary platform, Lightspeed offers specialized financial services, including Lightspeed Analytics for data insights, Lightspeed Payments for transaction processing, and Lightspeed Capital, a merchant cash advance program. The company also supplies essential POS peripheral hardware such as tablets, customer-facing displays, receipt printers, networking equipment, cash drawers, payment terminals, servers, stands, and barcode scanners, along with various accessories, and provides vital installation and implementation services. Originally incorporated in 2005 in Montréal, Canada, the company operated as Lightspeed POS Inc. until it rebranded to Lightspeed Commerce Inc. in August 2021.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD14.39 -0.30 (-2.04%)
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Volume Profile
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Liquidity & share structure
Average Volume
724.3K
Beta
1.86
Float Shares
117.21M
Free Float %
85.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.73% +2.78% -5.21% -5.51% -22.02% -26.45% -16.00% -30.16% -86.28% -35.56% -35.56%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (15 ratings, all time) Buy
Price Targets & DCF
Current price
14.39
DCF (Levered) 35.65 +147.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 35% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 5 0
Hold 10 0
Sell 0 0
Strong Sell 3 +1
Quality scores
Altman Z-Score
2.50
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +12.9% Q1'26: +12.9% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    +76.3% Q1'26: +94.7% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    +0.4% Q1'26: -2.8% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    -12.0% Q1'26: -11.7% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    -14.0% Q1'26: -11.5% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    -9.4% Q1'26: -8.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    6.41× Q1'26: 1.37× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.85) × ERP
WACC = 98% × Ke + 2% × Kd (6.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 14.39
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
6 Rev. Ana.
4 EPS Ana.
Mar 2027
15 Rev. Ana.
8 EPS Ana.
Mar 2028
12 Rev. Ana.
6 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
77.45M
est: 102.33M (-24.3%)
120.64M
est: 170.65M (-29.3%)
221.73M
est: 262.64M (-15.6%)
548.37M
est: 680.38M (-19.4%)
730.51M
est: 987.32M (-26.0%)
909.27M
est: 706.75M (+28.7%)
1.08B
est: 1.08B (-0.4%)
1.22B
1.21B – 1.22B
+12.5% YoY
1.25B
1.23B – 1.26B
+2.6% YoY
1.43B
1.33B – 1.47B
+14.4% YoY
1.60B
1.54B – 1.64B
+12.3% YoY
EBITDA
-17.24M
est: -48.30M (+64.3%)
-34.25M
est: -80.54M (+57.5%)
-90.69M
est: -123.96M (+26.8%)
-207.94M
est: -321.12M (+35.2%)
-956.91M
est: -465.99M (-105.4%)
-49.43M
est: -275.39M (+82.1%)
-557.04M
est: -421.11M (-32.3%)
-473.85M
-474.56M – -473.10M
-12.5% YoY
-486.12M
-491.03M – -479.19M
-2.6% YoY
-556.12M
-573.65M – -518.69M
-14.4% YoY
-624.77M
-638.20M – -598.22M
-12.3% YoY
EBIT
-21.78M
est: -59.96M (+63.7%)
-47.72M
est: -99.98M (+52.3%)
-127.17M
est: -153.88M (+17.4%)
-312.49M
est: -398.62M (+21.6%)
-1.07B
est: -578.45M (-85.4%)
-159.06M
est: -350.00M (+54.6%)
-658.03M
est: -535.21M (-22.9%)
-602.24M
-603.14M – -601.28M
-12.5% YoY
-617.83M
-624.07M – -609.03M
-2.6% YoY
-706.80M
-729.08M – -659.23M
-14.4% YoY
-794.05M
-811.12M – -760.30M
-12.3% YoY
Net Income
-183.53M
est: -210.48M (+12.8%)
-53.53M
est: -64.90M (+17.5%)
-124.28M
est: -50.27M (-147.2%)
-288.43M
est: -46.88M (-515.3%)
-1.07B
est: -29.12M (-3,574.5%)
-163.96M
est: -97.77M (-67.7%)
-667.20M
est: 62.31M (-1,170.8%)
67.44M
64.22M – 70.66M
+8.2% YoY
91.95M
73.84M – 110.06M
+36.3% YoY
148.85M
97.82M – 199.89M
+61.9% YoY
129.18M
123.73M – 134.62M
-13.2% YoY
SGA
52.83M
est: 49.74M (+6.2%)
79.87M
est: 82.94M (-3.7%)
150.08M
est: 127.65M (+17.6%)
311.91M
est: 330.69M (-5.7%)
356.31M
est: 479.88M (-25.8%)
338.03M
est: 294.03M (+15.0%)
349.98M
est: 449.62M (-22.2%)
505.93M
505.12M – 506.68M
+12.5% YoY
519.02M
511.63M – 524.26M
+2.6% YoY
593.76M
553.80M – 612.48M
+14.4% YoY
667.06M
638.71M – 681.40M
+12.3% YoY
EPS
-2.22
est: -1.37 (-62.1%)
-0.62
est: -0.42 (-46.8%)
-1.18
est: -0.33 (-260.7%)
-2.04
est: -0.31 (-568.7%)
-7.11
est: -0.19 (-3,652.2%)
-1.07
est: -0.71 (-50.2%)
-4.34
est: 0.45 (-1,056.1%)
0.49
0.46 – 0.51
+6.9% YoY
0.62
0.53 – 0.79
+28.4% YoY
0.95
0.70 – 1.44
+52.6% YoY
0.94
0.89 – 0.97
-1.1% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-22 Morgan Stanley Equal Weight Equal Weight Maintain
2026-05-21 BTIG Buy Buy Maintain
2026-04-21 Barclays Equal Weight Equal Weight Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 B 3/5 5/5 1/5 1/5 4/5 1/5 5/5
2026-05-25 B 3/5 5/5 1/5 1/5 4/5 1/5 5/5
2026-05-22 C+ 2/5 1/5 1/5 1/5 4/5 1/5 5/5
2026-05-21 C+ 2/5 1/5 1/5 1/5 4/5 1/5 4/5
2026-05-20 C+ 2/5 1/5 1/5 1/5 4/5 1/5 4/5
2026-05-19 C+ 2/5 1/5 1/5 1/5 4/5 1/5 4/5
2026-05-15 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-14 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-13 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-12 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-11 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-05-08 C+ 2/5 1/5 1/5 1/5 4/5 1/5 4/5
2026-05-07 C+ 2/5 1/5 1/5 1/5 4/5 1/5 4/5
2026-05-06 C+ 2/5 1/5 1/5 1/5 4/5 1/5 4/5
2026-05-05 C+ 2/5 1/5 1/5 1/5 4/5 1/5 4/5
2026-05-04 C+ 2/5 1/5 1/5 1/5 4/5 1/5 4/5
2026-05-01 C+ 2/5 1/5 1/5 1/5 3/5 1/5 5/5
2026-04-30 C+ 2/5 1/5 1/5 1/5 3/5 1/5 5/5
2026-04-29 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-28 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-27 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-24 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-23 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-22 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-21 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-20 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-17 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-16 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5
2026-04-15 C 2/5 1/5 1/5 1/5 3/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
56.28M
OE per share TTM
0.41
Owner's Yield
3.31%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
4.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-48.8K
Shares Outstanding
137.30M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Asha Hotchandani Bakshani Chief Financial Officer 777.5K female
Shirvani Mudaly Chief People Officer 767.6K female
John Shapiro Chief Product Officer 756.2K male
Jean-David Saint-Martin President 663.7K male
Daniel Robert Micak Chief Legal Officer & Corporate Secretary 618.4K male
Manon Brouillette Executive Chairwoman of the Board 131.6K female
Dax Dasilva Founder, Chief Executive Officer & Director 101.4K male
Gus Papageorgiou Head of Investor Relations male
Leslie Martin Chief Strategy & Transformation Officer female
Bhawna Singh Chief Technology Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits