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Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses. It offers a cloud-based commerce platform that connects suppliers, merchants, and consumers to enable omnichannel experiences and engage with consumers, manage operations, accept payments, and grow business. The company's cloud platform is designed around interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers' efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, kitchen display system (KDS), employee and inventory management comprising ordering, analytics and reporting, multi-location connectivity, order anywhere and curbside pickup functionality, loyalty, and customer management solutions. The company also offers tailored financial solutions, such as Lightspeed Payments and Lightspeed Capital; Lightspeed Restaurant, a unified hospitality commerce offering; Lightspeed Retail, a retail commerce offering; Lightspeed eCommerce; Lightspeed NuORDER integration to order from various brands; and Tee Sheet Lightspeed Golf for golf course operators to manage tee-time schedules, golf retail POS, and food and beverage POS. In addition, it sells hardware, including tablets, customer facing displays, KDS screens, receipt printers, networking hardware, cash drawers, payment terminals, servers, stands, bar-code scanners, and an assortment of accessories, as well as provides installation and implementation services. The company was formerly known as Lightspeed POS Inc. and changed its name to Lightspeed Commerce Inc. in August 2021. Lightspeed Commerce Inc. was incorporated in 2005 and is headquartered in Montreal, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Lightspeed Commerce is a Canadian cloud-based commerce platform offering point-of-sale, payments, e-commerce and back-office software for retailers and restaurants. Long-term growth may be supported by rising omnichannel adoption, recurring SaaS and payments revenue, international expansion and product upsells, which could make it attractive to investors seeking software-driven exposure to small and medium-sized merchants.
Key risks include intense competition from larger payments and e-commerce providers, historical unprofitability and dependence on capital markets to fund growth, and execution risk integrating acquisitions while retaining SMB customers.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | -659.51M | -160.49M | -1074.23M | -315.35M | -130.07M |
| Net income | -667.20M | -163.96M | -1070.01M | -288.43M | -124.28M |
| Selling general administrative | 115.14M | 103.74M | 105.94M | 95.25M | 53.03M |
| Selling and marketing expenses | 234.84M | 234.29M | 250.37M | 216.66M | 97.05M |
| Gross profit | 450.20M | 385.25M | 331.96M | 271.17M | 127.30M |
| Reconciled depreciation | 100.99M | 109.63M | 115.26M | 104.55M | 36.48M |
| Ebit | -658.03M | -159.06M | 538.94M | -266.44M | -114.05M |
| Ebitda | -557.04M | -49.43M | 654.20M | -109.98M | -61.90M |
| Depreciation and amortization | 100.99M | 109.63M | 115.26M | 156.45M | 52.15M |
| Operating income | -696.01M | -203.02M | 538.94M | -266.44M | -114.05M |
| Other operating expenses | 1772.83M | 1112.29M | 1010.56M | 814.81M | 335.78M |
| Interest expense | 1.48M | 1.43M | 1613.16M | 2.87M | 31.68M |
| Tax provision | 7.69M | 3.48M | -4.22M | -26.92M | -5.79M |
| Interest income | 36.50M | 43.96M | 24.81M | 5.86M | 0.35M |
| Net interest income | 36.50M | 42.53M | 24.81M | 2.99M | -0.35M |
| Income tax expense | 7.69M | 3.48M | -4.22M | -26.92M | -5.79M |
| Total revenue | 1076.83M | 909.27M | 730.51M | 548.37M | 221.73M |
| Total operating expenses | 1146.21M | 588.27M | 612.01M | 537.61M | 241.35M |
| Cost of revenue | 626.62M | 524.02M | 398.55M | 277.20M | 94.43M |
| Total other income expense net | 36.50M | 42.53M | -1613.16M | -48.92M | -16.02M |
| Net income from continuing ops | -667.20M | -163.96M | -1070.01M | -288.43M | -124.28M |
| Net income applicable to common shares | -667.20M | -163.96M | -1070.01M | -288.43M | -124.28M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 1826.20M | 2575.15M | 2668.73M | 3619.98M | 2105.32M |
| Intangible assets | 159.54M | 227.03M | 311.45M | 409.57M | 234.49M |
| Other current assets | 18.01M | 14.81M | 37.01M | 35.53M | 24.17M |
| Total liab | 162.24M | 162.75M | 171.28M | 220.69M | 171.04M |
| Total stockholder equity | 1663.97M | 2412.40M | 2497.45M | 3399.29M | 1934.28M |
| Deferred long term liab | - | - | - | 9.60M | 5.23M |
| Other current liab | - | 36.89M | 6.92M | 6.72M | 0.23M |
| Common stock | - | 4362.69M | 4298.68M | 4199.02M | 2526.45M |
| Capital stock | 4157.40M | 4362.69M | 4298.68M | 4199.02M | 2526.45M |
| Retained earnings | -2686.60M | -2160.16M | -1996.20M | -926.19M | -637.76M |
| Other liab | - | - | - | 9.96M | 7.31M |
| Good will | 797.96M | 1349.23M | 1350.64M | 2104.37M | 971.94M |
| Other assets | - | - | 19.63M | 21.55M | 11.67M |
| Cash | 558.47M | 722.10M | 800.15M | 953.65M | 807.15M |
| Cash and equivalents | - | - | 800.15M | 953.65M | 807.15M |
| Total current liabilities | 148.98M | 144.67M | 150.46M | 157.85M | 113.40M |
| Current deferred revenue | - | 67.34M | 68.09M | 65.19M | 43.12M |
| Net debt | - | -698.89M | -774.96M | -893.14M | -751.70M |
| Short term debt | - | 6.94M | 6.62M | 7.63M | 5.12M |
| Short long term debt total | - | 23.21M | 25.19M | 60.51M | 55.45M |
| Other stockholder equity | - | 213.92M | 198.02M | 123.78M | 35.88M |
| Property plant equipment | - | - | 40.46M | 41.99M | 29.55M |
| Total current assets | 798.02M | 917.90M | 934.33M | 1042.49M | 857.66M |
| Long term investments | - | 0.00M | 1.52M | - | - |
| Net tangible assets | - | - | - | 885.35M | 727.85M |
| Net receivables | 33.30M | 74.58M | 84.33M | 45.77M | 24.77M |
| Long term debt | - | - | 0.00M | 29.84M | 29.77M |
| Inventory | 14.61M | 16.49M | 12.84M | 7.54M | 1.57M |
| Accounts payable | 34.15M | 33.50M | 68.83M | 78.31M | 65.05M |
| Accumulated other comprehensive income | - | -4.04M | -3.06M | 2.68M | 9.71M |
| Non currrent assets other | 19.39M | 18.53M | 30.02M | 21.40M | 11.50M |
| Non current assets total | 1028.18M | 1657.25M | 1734.40M | 2577.49M | 1247.65M |
| Capital lease obligations | 16.97M | 23.21M | 25.19M | 30.67M | 25.68M |
| Long term debt total | - | - | 18.57M | 52.88M | 50.33M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | 8.04M | 25.95M | 8.82M | -563.93M | -235.05M |
| Change to liabilities | - | - | - | 11.39M | -19.32M |
| Total cashflows from investing activities | 8.04M | 25.95M | 8.82M | -563.93M | -235.05M |
| Net borrowings | -8.41M | -8.23M | - | -6.95M | -4.35M |
| Total cash from financing activities | -138.68M | -6.23M | -35.41M | 798.06M | 922.32M |
| Change to operating activities | - | - | - | -27.40M | -9.64M |
| Net income | -667.20M | -163.96M | -1070.01M | -288.43M | -124.28M |
| Change in cash | -163.63M | -78.05M | -153.50M | 146.50M | 596.18M |
| Begin period cash flow | 722.10M | 800.15M | 953.65M | 807.15M | 210.97M |
| End period cash flow | 558.47M | 722.10M | 800.15M | 953.65M | 807.15M |
| Total cash from operating activities | -32.76M | -97.67M | -125.28M | -87.22M | -93.06M |
| Issuance of capital stock | - | - | 0.00M | 823.51M | 952.53M |
| Depreciation | 100.99M | 109.63M | 115.26M | 104.55M | 36.48M |
| Other cashflows from investing activities | 19.34M | 33.46M | 21.94M | 6.15M | 2.32M |
| Dividends paid | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Change to inventory | 1.88M | -3.65M | -5.30M | -5.97M | -0.26M |
| Change to account receivables | 8.91M | -7.57M | - | -5.38M | -9.18M |
| Sale purchase of stock | -132.32M | 2.14M | 4.71M | 841.01M | 973.54M |
| Other cashflows from financing activities | 2.05M | 2.00M | 3.46M | -18.51M | -25.87M |
| Change to netincome | - | - | - | 122.95M | 33.09M |
| Capital expenditures | 23.12M | 18.18M | 13.12M | 10.65M | 1.79M |
| Change in working capital | -42.01M | -78.23M | -57.23M | -26.28M | -38.36M |
| Stock based compensation | 55.60M | 77.87M | 129.17M | 108.92M | 32.74M |
| Other non cash items | 519.65M | -42.65M | 764.22M | 42.06M | 6.31M |
| Free cash flow | -55.88M | -115.85M | -138.41M | -97.87M | -94.86M |
Sector: Technology Industry: Software - Application
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LSPD Lightspeed Commerce Inc |
0.69 4.48% |
16.10 | - | 15.27 | 1.55 | 0.90 | 0.75 | -20.34 |
| SHOP Shopify Inc |
10.67 5.33% |
210.86 | 138.91 | 70.92 | 20.17 | 12.93 | 14.73 | 88.85 |
| CRM Salesforce CDR (CAD Hedged) |
0.40 2.38% |
17.24 | 23.21 | 13.57 | 4.11 | 2.47 | 3.85 | 12.75 |
| NOWS ServiceNow CDR (CAD Hedged) |
0.07 0.50% |
13.94 | 323.25 | 114.94 | 38.22 | 38.75 | 7.52 | 33.05 |
| CSU Constellation Software Inc. |
44.70 1.30% |
3482.70 | 78.75 | 16.39 | 4.74 | 11.45 | 3.77 | 17.00 |
Lightspeed Commerce Inc. engages in sale of cloud-based software subscriptions and payments solutions for single and multi-location retailers, restaurants, golf course operators, and other businesses. It offers a cloud-based commerce platform that connects suppliers, merchants, and consumers to enable omnichannel experiences and engage with consumers, manage operations, accept payments, and grow business. The company's cloud platform is designed around interrelated elements, such as omni-channel consumer experience, a comprehensive back-office operations management suite to improve customers' efficiency and insight, and the facilitation of payments. Its platform functionalities include full omni-channel capabilities, point of sale (POS), product and menu management, kitchen display system (KDS), employee and inventory management comprising ordering, analytics and reporting, multi-location connectivity, order anywhere and curbside pickup functionality, loyalty, and customer management solutions. The company also offers tailored financial solutions, such as Lightspeed Payments and Lightspeed Capital; Lightspeed Restaurant, a unified hospitality commerce offering; Lightspeed Retail, a retail commerce offering; Lightspeed eCommerce; Lightspeed NuORDER integration to order from various brands; and Tee Sheet Lightspeed Golf for golf course operators to manage tee-time schedules, golf retail POS, and food and beverage POS. In addition, it sells hardware, including tablets, customer facing displays, KDS screens, receipt printers, networking hardware, cash drawers, payment terminals, servers, stands, bar-code scanners, and an assortment of accessories, as well as provides installation and implementation services. The company was formerly known as Lightspeed POS Inc. and changed its name to Lightspeed Commerce Inc. in August 2021. Lightspeed Commerce Inc. was incorporated in 2005 and is headquartered in Montreal, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Dax Dasilva | Founder & Exec. Chairman | 1976 |
| Mr. Jean-Paul Chauvet | CEO & Corp. Director | 1972 |
| Mr. Jean-David Saint-Martin | Pres | NA |
| Ms. Asha Bakshani | Chief Financial Officer | NA |
| Mr. Brandon Blair Nussey CPA | Chief Operating Officer | NA |
| Mr. Michael DeSimone | Chief Bus. Officer | NA |
| Mr. Ryan Tabone | Chief Product & Technology Officer | NA |
| Mr. Gus Papageorgiou C.F.A., M.B.A. | Head of Investor Relations | NA |
| Mr. Daniel Robert Micak | Exec. VP, Gen. Counsel & Corp. Sec. | NA |
| Ms. Kady Srinivasan | Chief Marketing Officer | NA |
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