Lightspeed Commerce Inc. (LSPD) Cash Flow Statement
Where LSPD’s cash came from and went, FY2026
March 31, 2026 · U.S. dollars- Cash from operations
- $76.9M
- Capital expenditures
- $6.5M 0.5% of revenue
- Free cash flow
- $70.4M 5.7% margin
- Returned to shareholders
- $115.7M 164% of free cash flow
- Change in cash
- −$102.9M cash at year-end $456.9M
Drawn to scale: where the cash came from and how it was used. Hover for values.
LSPD operating cash flow, capex and free cash flow
LSPD cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$10.9MFY2017 | $76.9MFY2026 | — | |
| Capital expenditures | $2.4MFY2017 | $6.5MFY2026 | +11.6%/yr | |
| Free cash flow | −$13.4MFY2017 | $70.4MFY2026 | — | |
| Free cash flow margin | −31.4%FY2017 | 5.7%FY2026 | +37.1 pts | |
| Stock-based compensation | $1.0MFY2017 | $57.0MFY2026 | +56.2%/yr | |
| Dividends paid | $3.4MFY2019 | $0FY2024 | −100.0% | |
| Share buybacks (net) | $792,000FY2019 | $115.7MFY2026 | +103.8%/yr | |
| Capex / revenue | 5.7%FY2017 | 0.5%FY2026 | −5.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LSPD cash flow by activity
LSPD net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
LSPD cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$143.5M | −$667.2M | −$164.0M | −$1.07B | −$288.4M | −$124.3M | −$53.5M | −$183.5M | −$96.2M | −$58.4M |
| Depreciation & amortization | $150.8M | $101.0M | $109.6M | $115.3M | $104.5M | $36.5M | $13.5M | $4.5M | $5.1M | $5.8M |
| Stock-based compensation | $57.0M | $55.6M | $77.9M | $169.4M | $154.0M | $37.3M | $8.9M | $1.7M | $1.2M | $1.0M |
| Change in working capital | $9.4M | −$42.0M | −$78.2M | −$57.2M | −$26.3M | −$38.4M | −$4.0M | $8.0M | $5.1M | $13.1M |
| Other non-cash items | $3.2M | $519.8M | −$43.0M | $717.3M | −$31.0M | −$4.2M | $6.6M | $161.8M | $74.8M | $27.5M |
| Cash from operating activities | $76.9M | −$32.8M | −$97.7M | −$125.3M | −$87.2M | −$93.1M | −$28.6M | −$7.6M | −$10.0M | −$10.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$6.5M | −$23.1M | −$18.2M | −$13.1M | −$10.7M | −$1.8M | −$3.6M | −$2.0M | −$1.5M | −$2.4M |
| Investments (net) | — | $8.0M | $25.9M | $8.8M | −$563.9M | −$235.0M | −$120.3M | −$3.4M | −$1.5M | −$2.4M |
| Acquisitions & other investing | −$52.7M | $23.1M | $18.2M | $13.1M | $10.7M | $1.8M | $3.6M | $2.0M | $1.5M | $2.4M |
| Cash from investing activities | −$59.2M | $8.0M | $25.9M | $8.8M | −$563.9M | −$235.0M | −$120.3M | −$3.4M | −$1.5M | −$2.4M |
| Financing activities | ||||||||||
| Dividends paid | — | — | $0 | $0 | $0 | $0 | $0 | −$3.4M | — | — |
| Share repurchases & issuance (net) | −$115.7M | −$132.3M | $0 | — | — | — | $0 | −$792,000 | — | — |
| Net borrowing (repayment) | −$8.3M | −$8.4M | −$8.2M | −$38.9M | −$7.0M | −$4.4M | $26.6M | $26.6M | $26.6M | $26.6M |
| Shares issued | $0 | $0 | $0 | $0 | $823.5M | $952.5M | $130.9M | $207.5M | $0 | $0 |
| Other financing | $1.2M | $2.1M | $2.0M | $3.5M | −$18.5M | −$25.9M | −$4.0M | −$35.0M | −$6.1M | −$26.5M |
| Cash from financing activities | −$122.9M | −$138.7M | −$6.2M | −$35.4M | $798.1M | $922.3M | $153.5M | $194.9M | $20.5M | $90,000 |
| Summary | ||||||||||
| Net change in cash | −$102.9M | −$163.6M | −$78.1M | −$153.5M | $146.5M | $596.2M | $3.3M | $183.1M | $9.3M | −$13.5M |
| Cash at end of period | $456.9M | $558.5M | $722.1M | $800.2M | $953.7M | $807.1M | $211.0M | $207.7M | $24.7M | $15.3M |
| Free cash flow | $70.4M | −$55.9M | −$115.9M | −$138.4M | −$97.9M | −$94.9M | −$32.2M | −$9.6M | −$11.5M | −$13.4M |
| Free cash flow margin | 5.7% | −5.2% | −12.7% | −18.9% | −17.8% | −42.8% | −26.7% | −12.4% | −20.2% | −31.4% |
| Capex / revenue | 0.5% | 2.1% | 2.0% | 1.8% | 1.9% | 0.8% | 3.0% | 2.6% | 2.6% | 5.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$2.4M | −$28.2M | −$115.8M | −$32.7M | −$49.6M | −$575.9M | −$26.6M | −$29.7M | −$35.0M | −$32.5M | −$40.2M | −$42.5M |
| Depreciation & amortization | $8.4M | $37.7M | $37.9M | $37.7M | $37.5M | $23.7M | $25.2M | $25.8M | $26.3M | $27.1M | $27.2M | $27.1M |
| Stock-based compensation | $11.8M | $11.4M | $45.7M | $16.9M | $13.0M | $12.6M | $13.3M | $18.3M | $11.3M | $12.4M | $21.4M | $23.8M |
| Change in working capital | −$10.6M | −$19.5M | $29.1M | $8.9M | $6.2M | −$18.1M | −$1.0M | −$15.9M | −$6.9M | −$24.8M | −$15.2M | −$22.8M |
| Other non-cash items | −$7.1M | −$8.0M | $70.1M | −$5.3M | $5.3M | $547.8M | −$8.2M | −$9.9M | −$9.9M | −$10.7M | −$11.4M | −$10.5M |
| Cash from operating activities | $115,000 | −$6.7M | $66.8M | $25.5M | $12.4M | −$9.9M | $2.7M | −$11.3M | −$14.2M | −$28.5M | −$18.2M | −$24.8M |
| Investing activities | ||||||||||||
| Capital expenditures | −$1.7M | −$1.3M | −$42.9M | −$1.7M | −$12.3M | −$7.0M | −$6.1M | −$5.9M | −$4.1M | −$6.3M | −$4.9M | −$3.7M |
| Investments (net) | — | — | — | −$9.2M | −$6.2M | $445,000 | $3.0M | −$2.3M | $6.9M | $4.1M | $6.8M | $7.9M |
| Acquisitions & other investing | $7.9M | −$14.9M | $16.9M | $1.7M | $12.3M | $7.0M | $6.1M | $5.9M | $4.1M | $6.3M | $4.9M | $3.7M |
| Cash from investing activities | $6.2M | −$16.2M | −$26.0M | −$9.2M | −$6.2M | $445,000 | $3.0M | −$2.3M | $6.9M | $4.1M | $6.8M | $7.9M |
| Financing activities | ||||||||||||
| Dividends paid | $0 | — | — | — | $0 | — | — | — | $0 | $0 | $0 | $0 |
| Share repurchases & issuance (net) | −$65.6M | $279,531 | −$429,657 | −$20,000 | −$116.4M | −$92.4M | $0 | $63,893 | −$39.9M | −$39.9M | $0 | $0 |
| Net borrowing (repayment) | −$1.1M | −$2.0M | −$2.1M | −$2.3M | −$2.1M | −$2.1M | −$2.0M | −$2.2M | — | — | — | −$1.8M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$21.2M | $30,069 | −$119.3M | $898,000 | $10,000 | $267,000 | $237,000 | $174,107 | −$832,000 | $37.6M | −$1.5M | $354,000 |
| Cash from financing activities | −$87.9M | −$1.6M | −$121.8M | −$1.4M | −$118.5M | −$94.2M | −$1.8M | −$1.9M | −$40.8M | −$2.3M | −$1.5M | −$1.5M |
| Summary | ||||||||||||
| Net change in cash | −$81.8M | −$22.7M | −$79.5M | $14.9M | −$110.9M | −$103.1M | $2.5M | −$14.9M | −$48.2M | −$27.3M | −$12.1M | −$18.8M |
| Cash at end of period | $372.1M | $456.9M | $479.0M | $462.5M | $447.6M | $558.5M | $661.6M | $659.0M | $673.9M | $722.1M | $749.4M | $761.5M |
| Free cash flow | −$1.6M | −$8.0M | $23.9M | $23.8M | $77,000 | −$16.9M | −$3.4M | −$17.2M | −$18.3M | −$34.8M | −$23.1M | −$28.5M |
| Free cash flow margin | −0.5% | −2.7% | 7.7% | 7.5% | 0.0% | −6.7% | −1.2% | −6.2% | −6.9% | −15.1% | −9.6% | −12.4% |
| Capex / revenue | 0.5% | 0.5% | 13.7% | 0.5% | 4.0% | 2.8% | 2.2% | 2.1% | 1.5% | 2.7% | 2.0% | 1.6% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
LSPD cash generation
In fiscal 2026 (ended March 31, 2026), Lightspeed Commerce generated $76.9 million of cash from operations and spent $6.5 million on capital expenditures, leaving free cash flow of $70.4 million, 5.7% of revenue. It returned $115.7 million to shareholders through dividends ($0) and net share buybacks ($115.7 million). Cash and equivalents fell by $102.9 million over the year.
Related: LSPD income statement, LSPD balance sheet. See the LSPD stock overview for the latest quote and news.
LSPD cash flow FAQ
What is Lightspeed Commerce's free cash flow?
Lightspeed Commerce's free cash flow was $70.4 million in fiscal 2026: $76.9 million of operating cash flow minus $6.5 million of capital expenditures It was -$55.9 million a year earlier..
How much cash does Lightspeed Commerce generate from operations?
Lightspeed Commerce generated $76.9 million of cash from operating activities in fiscal 2026.
How much does Lightspeed Commerce spend on capital expenditures?
Lightspeed Commerce spent $6.5 million on capital expenditures in fiscal 2026, 0.5% of revenue, compared with $23.1 million the year before.
How much stock does Lightspeed Commerce buy back?
Lightspeed Commerce spent $115.7 million on net share repurchases in fiscal 2026.