Lightspeed Commerce Inc. (LSPD) Key Metrics
LSPD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.37B
- Enterprise value
- $891.4M
- P/E (TTM)
- —
- Forward P/E
- 15.7
- PEG ratio
- —
- Price / sales
- 1.1 10-yr median 3.1
- Price / book
- 0.9 10-yr median 0.9
- EV / EBITDA
- 33.5
- Dividend yield
- —
- Beta
- 1.76
LSPD key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsLSPD valuation Price multiples at each fiscal year-end price.
LSPD returns How much profit the business earns on the capital it uses.
LSPD per-share figures Results divided by the shares outstanding at year-end.
LSPD financial health Debt, liquidity and how easily interest is covered.
LSPD efficiency & capital use Working capital cycle and where the cash goes.
LSPD valuation history
LSPD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LSPD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LSPD cash returned to shareholders
LSPD price vs earnings per share
LSPD key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.25B | $1.34B | $2.16B | $2.28B | $4.31B | $6.61B | $1.16B | — | — | — |
| Enterprise value | $810.2M | $803.2M | $1.46B | $1.51B | $3.42B | $5.85B | $993.3M | — | — | — |
| Price / sales | 1.0 | 1.2 | 2.4 | 3.1 | 7.9 | 29.8 | 9.6 | — | — | — |
| Price / book | 0.8 | 0.8 | 0.9 | 0.9 | 1.3 | 3.4 | 3.4 | — | — | — |
| Price / free cash flow | 17.7 | — | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 16.2 | — | — | — | — | — | — | — | — | — |
| EV / sales | 0.7 | 0.7 | 1.6 | 2.1 | 6.2 | 26.4 | 8.2 | — | — | — |
| EV / EBITDA | 101.5 | — | — | — | — | — | — | — | — | — |
| EV / free cash flow | 11.5 | — | — | — | — | — | — | — | — | — |
| Earnings yield | −11.6% | −49.6% | −7.6% | −46.9% | −6.7% | −1.9% | −4.6% | — | — | — |
| Free cash flow yield | 5.6% | −4.2% | −5.4% | −6.1% | −2.3% | −1.4% | −2.8% | — | — | — |
| Dividend yield | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | 9.3% | 9.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $8.96 | $8.75 | $14.06 | $15.18 | $30.47 | $62.81 | $13.50 | — | — | — |
| Per share | ||||||||||
| Revenue per share | $8.82 | $7.01 | $5.91 | $4.86 | $3.87 | $2.11 | $1.40 | $2.33 | $0.70 | $0.52 |
| Earnings per share | −$1.04 | −$4.34 | −$1.07 | −$7.11 | −$2.04 | −$1.18 | −$0.62 | −$5.53 | −$1.18 | −$0.72 |
| Operating cash flow per share | $0.55 | −$0.21 | −$0.64 | −$0.83 | −$0.62 | −$0.88 | −$0.33 | −$0.23 | −$0.12 | −$0.13 |
| Free cash flow per share | $0.51 | −$0.36 | −$0.75 | −$0.92 | −$0.69 | −$0.90 | −$0.37 | −$0.29 | −$0.14 | −$0.16 |
| Cash per share | $3.28 | $3.63 | $4.70 | $5.32 | $6.74 | $7.74 | $2.48 | $6.26 | $0.30 | $0.19 |
| Book value per share | $10.69 | $10.83 | $15.69 | $16.60 | $24.01 | $18.38 | $4.01 | $5.92 | −$3.26 | −$2.11 |
| Tangible book value per share | $4.36 | $4.60 | $5.44 | $5.55 | $6.25 | $6.92 | $1.57 | $5.17 | −$3.56 | −$2.45 |
| Dividends per share | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | — | — |
| Capex per share | $0.05 | $0.15 | $0.12 | $0.09 | $0.08 | $0.02 | $0.04 | $0.06 | $0.02 | $0.03 |
| Debt per share | $0.15 | $0.11 | $0.15 | $0.17 | $0.43 | $0.53 | $0.54 | $1.40 | $3.08 | $2.09 |
| Shares outstanding | 139.2M | 153.7M | 153.8M | 150.4M | 141.6M | 105.2M | 85.9M | 33.2M | 81.5M | 81.5M |
| Change in shares outstanding | −9.4% | −0.1% | +2.2% | +6.2% | +34.6% | +22.5% | +158.7% | −59.3% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −9.2% | −32.7% | −6.7% | −36.3% | −10.8% | −10.9% | −19.8% | — | — | — |
| Return on invested capital (ROIC) | −10.7% | −38.8% | −9.3% | −41.1% | −13.7% | −15.2% | −43.3% | — | — | — |
| Return on assets (ROA) | −8.3% | −30.3% | −6.3% | −34.0% | −10.1% | −9.6% | −14.6% | −114.8% | −161.0% | −105.3% |
| Return on tangible assets | −18.3% | −76.8% | −16.4% | −106.3% | −26.1% | −13.8% | −19.9% | −79.6% | −243.3% | −211.8% |
| Free cash flow margin | 5.7% | −5.2% | −12.7% | −18.9% | −17.8% | −42.8% | −26.7% | −12.4% | −20.2% | −31.4% |
| Financial health | ||||||||||
| Total debt | $20.2M | $17.0M | $23.2M | $25.2M | $60.5M | $55.4M | $46.5M | $46.5M | $250.9M | $170.7M |
| Cash & short-term investments | $456.9M | $558.5M | $722.1M | $800.2M | $953.7M | $814.9M | $212.8M | $207.7M | $24.7M | $15.3M |
| Net debt | −$436.7M | −$541.5M | −$698.9M | −$775.0M | −$893.1M | −$759.5M | −$166.3M | −$161.2M | $226.2M | $155.4M |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.14 | 0.24 | — | — |
| Debt / assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.10 | 0.18 | 3.92 | 3.08 |
| Net debt / EBITDA | −54.72 | — | — | — | — | — | — | — | — | — |
| Current ratio | 4.16 | 5.36 | 6.34 | 6.21 | 6.60 | 7.53 | 3.24 | 4.56 | 0.99 | 0.90 |
| Quick ratio | 4.07 | 5.26 | 6.23 | 6.12 | 6.56 | 7.51 | 3.22 | 4.55 | 0.98 | 0.89 |
| Interest coverage | -116.3 | -470.0 | -164.4 | -535.1 | -111.0 | -44.8 | -3.0 | — | -843.2 | — |
| Working capital | $523.9M | $649.0M | $773.2M | $783.9M | $884.6M | $740.3M | $158.5M | $173.0M | −$495,000 | −$2.5M |
| Invested capital | $1.05B | $1.12B | $1.71B | $1.72B | $2.51B | $1.17B | $177.9M | $35.5M | −$39.3M | −$16.5M |
| Tangible asset value | $606.5M | $706.5M | $836.1M | $835.4M | $885.4M | $727.9M | $134.7M | $171.5M | −$290.1M | −$199.7M |
| Net current asset value | $506.8M | $635.8M | $755.1M | $763.0M | $821.8M | $682.6M | $95.0M | $162.5M | −$295.8M | −$205.5M |
| Graham net-net per share | $2.29 | $2.97 | $4.06 | $4.54 | $5.44 | $6.32 | $1.02 | $4.67 | −$3.70 | −$2.56 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $0 | $0 | $0 | $0 | $0 | $3.4M | — | — |
| Share buybacks (net) | $115.7M | $132.3M | $0 | — | — | — | $0 | $792,000 | — | — |
| Dividends + buybacks / free cash flow | 164.5% | — | — | — | — | — | — | — | — | — |
| Capex / revenue | 0.5% | 2.1% | 2.0% | 1.8% | 1.9% | 0.8% | 3.0% | 2.6% | 2.6% | 5.7% |
| Capex / operating cash flow | 8.5% | — | — | — | — | — | — | — | — | — |
| Capex / depreciation | 0.04 | 0.23 | 0.17 | 0.11 | 0.10 | 0.05 | 0.27 | 0.45 | 0.29 | 0.42 |
| Stock-based compensation / revenue | 4.6% | 5.2% | 8.6% | 23.2% | 28.1% | 16.8% | 7.4% | 2.2% | 2.0% | 2.4% |
| R&D / revenue | 10.3% | 14.1% | 14.2% | 19.2% | 22.1% | 24.9% | 26.4% | 23.6% | 23.3% | 32.1% |
| SG&A / revenue | 32.4% | 30.9% | 37.2% | 48.8% | 56.9% | 67.6% | 66.2% | 68.2% | 74.4% | 91.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 17.5 | 24.5 | 27.8 | 27.0 | 23.6 | 31.5 | 29.8 | 29.6 | 27.1 | 37.3 |
| Days of inventory on hand | 8.0 | 9.1 | 10.2 | 9.3 | 6.0 | 4.9 | 5.1 | 3.9 | 5.3 | 6.5 |
| Days payables outstanding | 19.1 | 19.7 | 24.5 | 34.9 | 40.4 | 66.8 | 84.6 | 86.1 | 70.9 | 82.1 |
| Cash conversion cycle (days) | 6.4 | 13.9 | 13.5 | 1.5 | -10.7 | -30.4 | -49.8 | -52.6 | -38.6 | -38.4 |
| Receivables turnover | 20.84 | 14.90 | 13.11 | 13.50 | 15.44 | 11.59 | 12.27 | 12.34 | 13.46 | 9.80 |
| Payables turnover | 19.12 | 18.53 | 14.87 | 10.46 | 9.04 | 5.47 | 4.31 | 4.24 | 5.15 | 4.44 |
| Inventory turnover | 45.83 | 40.29 | 35.73 | 39.11 | 60.84 | 75.10 | 71.94 | 92.99 | 69.36 | 56.40 |
| Asset turnover | 0.70 | 0.49 | 0.35 | 0.23 | 0.19 | 0.17 | 0.33 | 0.48 | 0.96 | 0.77 |
| Average receivables | $58.9M | $72.3M | $69.4M | $54.1M | $35.5M | $19.1M | $9.8M | $6.3M | $4.2M | $4.3M |
| Average payables | $36.6M | $33.8M | $35.2M | $38.1M | $30.7M | $17.2M | $10.0M | $5.6M | $3.4M | $3.4M |
| Average inventory | $15.3M | $15.6M | $14.7M | $10.2M | $4.6M | $1.3M | $600,500 | $253,500 | $252,000 | $266,000 |
| Intangibles / total assets | 52.8% | 52.4% | 61.2% | 62.3% | 69.4% | 57.3% | 43.8% | 9.8% | 38.3% | 50.3% |
Computed from LSPD's annual financial statements (latest annual report filed May 21, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LSPD valuation and financial ratios
Lightspeed Commerce earned a return on equity of −9.2% and a return on invested capital of −10.7% in fiscal 2026. It ended the year with $20.2 million of debt and $456.9 million in cash and short-term investments, a net cash position of $436.7 million. It returned $115.7 million to shareholders: $0 in dividends and $115.7 million in share buybacks, 164% of free cash flow. The share count rose 70.8% from 81.5M to 139.2M over 9 years.
See the LSPD income statement, the LSPD chart for price history, or the LSPD stock overview for the latest quote and news.
LSPD key metrics FAQ
What is Lightspeed Commerce's EV/EBITDA?
Lightspeed Commerce's enterprise value was 101.5 times EBITDA at the end of fiscal 2026 (enterprise value $810.2 million, EBITDA $8.0 million); the current EV/EBITDA is 33.5.
What is Lightspeed Commerce's return on equity?
Lightspeed Commerce's return on equity (ROE) was −9.2% in fiscal 2026: net income of -$144.4 million on average shareholders' equity of $1.6 billion.
What is Lightspeed Commerce's ROIC?
Lightspeed Commerce's return on invested capital was −10.7% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lightspeed Commerce have?
Lightspeed Commerce had total debt of $20.2 million at the end of fiscal 2026, a debt-to-equity ratio of 0.01 and more cash than debt.
Does Lightspeed Commerce buy back its shares?
Yes. Lightspeed Commerce spent $115.7 million on net share repurchases in fiscal 2026 Shares outstanding changed −9.4% over the year, to 139.2M..
What is Lightspeed Commerce's free cash flow yield?
Lightspeed Commerce generated $70.4 million of free cash flow in fiscal 2026, a free cash flow yield of 5.6% on its market value at year-end ($1.2 billion).
What is Lightspeed Commerce's current ratio?
Lightspeed Commerce's current ratio was 4.16 at the end of fiscal 2026: current assets were 4.16 times current liabilities.