Lightspeed Commerce Inc.
Lightspeed Commerce Inc. is a cloud-based commerce software company that provides point-of-sale, payments, and business management tools for retailers, restaurants, and golf course operators. Its platform helps single-location and multi-location businesses run day-to-day operations, process transactions, manage inventory, and deliver omnichannel customer experiences across in-store and online channels. Lightspeed Commerce Inc. also offers solutions for workflow management, reporting, and supplier connectivity, serving small and medium-sized businesses that need integrated tools to support sales and operations. The company’s products are organized around retail, hospitality, and golf use cases, making it a technology provider focused on commerce enablement across multiple industries. Based in Montreal, Canada, Lightspeed Commerce Inc. plays a notable role in modernizing how businesses accept payments and manage commercial activity.
$10.57
-$0.32 (-2.94%)
EOD Oct 16, 2026
The business is unprofitable at the operating level (-12.03% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 14.0%, still solid.
ROIC dropped from -4.65% to -7.32%, capital efficiency is deteriorating. Negative free cash flow of -$4M. The business is consuming cash, not generating it.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.24B
▲ +14.0% YoY
Net Income (TTM)
-$97M
▲ +78.4% YoY
Op. Margin
-8.65%
▼ -0.8pp YoY
ROIC
-7.32%
▼ -2.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$22M
▲ +93.0% YoY
Op. Cash Flow (TTM)
$43M
▲ +206.4% YoY
Net Debt
-$434M
Net Cash Position
Cash & Equiv.
$454M
3Y CAGR: +18.9%
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Is Lightspeed Commerce (LSPD) overvalued?
Lightspeed Commerce (LSPD)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Lightspeed Commerce scores 50/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Lightspeed Commerce a high-quality business?+
Lightspeed Commerce scores 50 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a -8.7% operating margin and a -7.3% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Lightspeed Commerce a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh LSPD's valuation and scores 50/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.