Lightspeed Commerce Inc. (LSPD) AI Stock Analysis

Lightspeed Commerce Inc. provides a Software as a Service (SaaS) platform designed for small and midsize businesses, retailers, restaurants, and golf course operators. Its cloud-based platform integrates point-of-sale (POS) systems, omni-channel consumer experiences, inventory and employee management, dynamic product and menu management, analytics, order-ahead, and curbside pickup services. Lightspeed also delivers financial solutions including Lightspeed Payments, Lightspeed Analytics, and Lightspeed Capital merchant cash advances. In addition, the company supplies POS peripheral hardware such as tablets, customer displays, receipt printers, scanners, and payment terminals, supported by professional installation and implementation services.

Lightspeed increased annual revenue from $548.4M in FY2022 to $1.23B in FY2026, representing a 5-year revenue CAGR of 40.8% from FY2021 to FY2026. However, annual revenue growth has decelerated from 147.3% in FY2022 to 33.2% in FY2023, 24.5% in FY2024, 18.4% in FY2025, and 14.0% in FY2026. Gross margin moved from 49.5% in FY2022 to 42.9% in FY2026. The company remained unprofitable across all reported years, posting net income of -$1.07B in FY2023, -$164.0M in FY2024, -$667.2M in FY2025, and -$144.4M in FY2026. In the latest quarter ended June 30, 2026, year-over-year quarterly revenue growth slowed to 5.8%, while trailing twelve months revenue reached $1.24B with an operating margin of -1.1%.

As of June 30, 2026, Lightspeed held $373.2M in cash and short-term investments against total debt of $19.9M, leaving net cash of $353.3M. The company maintains solid liquidity with a current ratio of 3.44 and a debt-to-equity ratio of 0.01. Operating cash flow turned positive in FY2026 at $76.9M, generating free cash flow of $70.4M after capital expenditures of $6.5M. Lightspeed utilized its capital to complete $115.7M in share buybacks during FY2026, contributing to a 5-year share count change of -6.7%.

Lightspeed trades at a forward P/E of 15.7x, below the 18.8x median of its US-listed Technology peers. Its price-to-sales multiple of 1.1x is also lower than the peer median of 2.8x, while its EV/EBITDA ratio of 33.5x trades at a premium to the peer median of 16.6x. The company has an enterprise value of $891.4M and a price-to-book ratio of 0.9x. In terms of price performance, Lightspeed shares declined 5.3% over the past year compared to a 16.8% gain for the S&P 500, and fell 89.3% over five years against an 83.0% gain for the index.

Wall Street coverage consists of 4 Strong Buy, 2 Buy, 10 Hold, and 2 Sell ratings. The mean price target of $10.85 implies 2.6% upside compared to the last close of $10.57. Over the last four quarters, the company beat EPS estimates 1 time. For the fiscal year ending March 31, 2027, consensus estimates project revenue of $1.26B and EPS of $0.62, representing 41.7% EPS growth. Next fiscal year estimates anticipate revenue of $1.42B and EPS of $0.93. The next earnings date is November 5, 2026.

This page is an AI-written research summary of Lightspeed Commerce Inc. (LSPD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: LSPD income statement, LSPD balance sheet, LSPD key metrics, LSPD analyst forecast, LSPD chart. See the LSPD stock overview for the latest quote and news.