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Provides cloud-based point-of-sale and commerce software for restaurants, retailers and hospitality businesses.
Provides cloud-based point-of-sale and commerce software for restaurants, retailers and hospitality businesses.
Charges merchants a monthly subscription per location and also takes a small cut of the card payments processed on its platform, so growth in payments volume matters as much as customer count. It has shifted its focus to larger and more complex retail and restaurant locations. Based in Montreal.
Moat: narrow (switching costs, installed base). POS and payments are deeply embedded in daily operations, making switching costly and disruptive.
Headquarters: Montreal, Canada · Founded: 2005 · Employees: 3,400
Size Lightspeed Commerce (LSPD.TO) is a Canada Information Technology company (Packaged Software) with a market value of $1.38B, the 213th largest of 420 Canada companies the cockpit tracks. Shares closed at C$14.52 on 6 Nov 2026.
Performance Over six months the shares gained 8.7%, against -20.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 6th highest of 19 in its peer set.
Growth Revenue grew 10.6% over the last twelve months (peer median +8.1%); the operating margin is -8.7% (peer median -0.7%).
Valuation It trades at 14.4× forward earnings against a peer median of 16.8× (7th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +42%, so the hurdle is -29 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 19.9 points below its cost of capital (12.5% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.72B | C$1.70B | C$1.50B | C$1.23B | C$966M |
| Revenue growth | — | +13% | +22% | +27% | — |
| Gross profit | C$573M | C$520M | C$486M | C$372M | C$287M |
| EBITDA | C$19.3M | C$14.3M | -C$28.0M | -C$111M | -C$218M |
| Net income | -C$134M | -C$200M | -C$928M | -C$221M | -C$1.42B |
| Free cash flow | C$79.3M | C$97.9M | C$2.72M | -C$82.4M | -C$148M |
| Capital expenditure | C$89.8M | C$82.1M | C$32.2M | C$24.5M | C$17.4M |
| Total debt | C$28.3M | C$28.1M | C$24.4M | C$31.4M | C$34.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lightspeed Commerce LSPD.TO | $1.38B | +9% | +11% | -9% | 14.4× | 13.5% |
| Toast TOST | $20.1B | +38% | +22% | 7% | 20.9× | 28.6% |
| Block XYZ | $51.7B | +14% | +7% | 20% | 17.1× | n/a |
| Shopify SHOP.TO | $193B | +38% | +32% | 18% | 67.4× | 54.0% |
| NCR Voyix VYX | $1.35B | +17% | -5% | 7% | 9.9× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LSPD.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | -2.2% | 10th highest of 21 |
| 6-month return | +8.7% | -20.3% | 6th highest of 19 |
| Distance from 52-week high | -24.6% | -41.1% | 7th highest of 21 |
| Revenue growth (TTM) | +10.6% | +8.1% | 9th highest of 21 |
| Operating margin | -8.7% | -0.7% | 6th lowest of 21 |
| Forward P/E | 14.4× | 16.8× | 7th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 13.5% | 12.1% | 5th most demanding of 13 |
| Growth delivered (Del g) | +42.0% | +14.6% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | -28.6 pp | +0.6 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | -19.9 pp | -12.9 pp | 6th lowest of 20 |
| Net debt / EBITDA | -25.9× | -1.1× | 3rd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lightspeed Commerce LSPD.TO | Canada | $1.38B | +9% | +11% | -9% | 14.4× | 13.5% | +42.0% |
| Wondershare Technology 300624.SZ | China | $1.38B | -25% | -8% | -12% | n/a | n/a | n/a |
| Playtech PTEC.L | United Kingdom | $1.39B | +7% | -54% | 0% | 11.4× | -6.0% | -7.4% |
| Zensar Technologies ZENSARTECH.NS | India | $1.37B | +9% | +9% | 14% | 16.9× | 13.4% | +8.5% |
| Longshine Technology 300682.SZ | China | $1.39B | -35% | +7% | -9% | 25.9× | 49.4% | +6.0% |
| Ibotta IBTA | United States | $1.37B | +19% | +2% | -3% | n/a | -1.1% | +17.6% |
| Transwarp Technology Shanghai 688031.SS | China | $1.35B | -45% | +27% | -49% | n/a | n/a | n/a |
| Shenzhen Kingdom Sci-tech 600446.SS | China | $1.41B | -27% | -22% | -6% | 177.0× | n/a | n/a |
| Hangzhou DPTech Technology 300768.SZ | China | $1.35B | -19% | -3% | 5% | 42.3× | 34.9% | +6.5% |
| NCR Voyix VYX | United States | $1.35B | +17% | -5% | 7% | 9.9× | n/a | n/a |
| Mech-Mind Robotics Technologies 9615.HK | Hong Kong | $1.34B | n/a | +45% | -41% | n/a | n/a | n/a |
| WeRide 0800.HK | Hong Kong | $1.33B | -47% | +109% | -221% | n/a | n/a | n/a |
| SHIFT UP 462870.KS | South Korea | $1.33B | -4% | -12% | 56% | 13.3× | -12.9% | +59.7% |
| Alkami Technology ALKT | United States | $1.44B | -25% | +24% | -5% | 13.1× | 12.6% | +31.7% |
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 60.2× | n/a | n/a |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% | +12.2% |
| EverCommerce EVCM | United States | $1.45B | -31% | -7% | 13% | 11.7× | 11.6% | +11.8% |
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 11.9× | 4.5% | +30.1% |
| NextNav NN | United States | $1.45B | -56% | -36% | -1,900% | n/a | n/a | n/a |
| GO Inc. 581A.T | Japan | $1.45B | n/a | +32% | 17% | 21.9× | 34.7% | +31.9% |
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% | +17.0% |