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Lightspeed Commerce Inc (LSPD)



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Upturn Advisory Summary
09/12/2025: LSPD (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $13.93
1 Year Target Price $13.93
4 | Strong Buy |
4 | Buy |
11 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 39.57% | Avg. Invested days 44 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.61B USD | Price to earnings Ratio - | 1Y Target Price 13.93 |
Price to earnings Ratio - | 1Y Target Price 13.93 | ||
Volume (30-day avg) 20 | Beta 2.69 | 52 Weeks Range 7.34 - 18.96 | Updated Date 09/13/2025 |
52 Weeks Range 7.34 - 18.96 | Updated Date 09/13/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -4.46 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -61.11% | Operating Margin (TTM) -11.67% |
Management Effectiveness
Return on Assets (TTM) -3.32% | Return on Equity (TTM) -35.11% |
Valuation
Trailing PE - | Forward PE 35.09 | Enterprise Value 1170671168 | Price to Sales(TTM) 1.44 |
Enterprise Value 1170671168 | Price to Sales(TTM) 1.44 | ||
Enterprise Value to Revenue 1.05 | Enterprise Value to EBITDA -14.36 | Shares Outstanding 135244000 | Shares Floating 96772494 |
Shares Outstanding 135244000 | Shares Floating 96772494 | ||
Percent Insiders 10.76 | Percent Institutions 61.31 |
Upturn AI SWOT
Lightspeed Commerce Inc

Company Overview
History and Background
Lightspeed Commerce Inc. was founded in 2005 by Dax Dasilva in Montreal, Canada. Initially focused on providing point-of-sale solutions for retailers, it expanded into e-commerce and other areas. The company went public in 2019 on the Toronto Stock Exchange and later listed on the New York Stock Exchange in 2020.
Core Business Areas
- Retail: Provides cloud-based POS and commerce solutions for independent retailers, enabling them to manage sales, inventory, and customer relationships.
- Hospitality: Offers similar solutions tailored for restaurants, bars, and other hospitality businesses.
- eCommerce: Provides tools for retailers and restaurants to create and manage online stores, process online orders, and integrate with other e-commerce platforms.
- Payments: Integrated payment processing solutions for in-person and online transactions.
Leadership and Structure
Dax Dasilva is the founder and CEO. The company has a typical corporate structure with departments covering sales, marketing, product development, finance, and operations. Jean Paul Chauvet is the president of Lightspeed Commerce.
Top Products and Market Share
Key Offerings
- Lightspeed Retail: A cloud-based point-of-sale (POS) system for retailers. Includes features for inventory management, customer relationship management (CRM), and reporting. Market share information is dynamic. Competitors include Square, Shopify POS, and Revel Systems.
- Lightspeed Restaurant: A POS system designed for restaurants and bars, offering features like table management, online ordering, and menu management. Market share information is dynamic. Competitors include Toast, Square for Restaurants, and TouchBistro.
- Lightspeed eCommerce: Platform that enables businesses to create and manage online stores, integrating with Lightspeed's POS systems. Competitors include Shopify, BigCommerce and Wix.
Market Dynamics
Industry Overview
The POS and commerce platform industry is rapidly growing, driven by the increasing adoption of digital technologies by businesses of all sizes. The shift towards cloud-based solutions and the demand for integrated payment processing are key trends.
Positioning
Lightspeed is positioned as a provider of unified commerce solutions for small to medium-sized businesses. Its competitive advantage lies in its industry-specific features and its focus on independent retailers and restaurants.
Total Addressable Market (TAM)
The TAM for POS and commerce platforms is estimated to be in the tens of billions of dollars globally. Lightspeed is positioned to capture a significant share of this market through its focus on specific verticals and its expansion into new geographic regions.
Upturn SWOT Analysis
Strengths
- Cloud-based platform
- Industry-specific solutions
- Integrated payment processing
- Strong brand reputation
- Scalable platform
Weaknesses
- Reliance on acquisitions for growth
- High customer acquisition costs
- Competition from larger players
- Profitability concerns
Opportunities
- Expansion into new geographic markets
- Development of new products and services
- Partnerships with other technology providers
- Increased adoption of digital commerce by SMBs
Threats
- Intense competition
- Economic downturn
- Changes in technology
- Security breaches
Competitors and Market Share
Key Competitors
- SQ
- SHOP
- TOST
Competitive Landscape
Lightspeed faces intense competition from larger and more established players. Its competitive advantage lies in its industry-specific solutions and its focus on independent businesses.
Major Acquisitions
Ecwid
- Year: 2021
- Acquisition Price (USD millions): 500
- Strategic Rationale: Expanded Lightspeed's e-commerce capabilities and customer base.
Growth Trajectory and Initiatives
Historical Growth: Lightspeed has experienced significant revenue growth in recent years, driven by acquisitions and organic expansion.
Future Projections: Future growth projections are available from analyst reports, but are subject to change.
Recent Initiatives: Recent initiatives include expanding into new markets, launching new products, and integrating acquired companies.
Summary
Lightspeed Commerce Inc. shows promise with its industry-specific cloud-based platforms catering to retail and hospitality sectors, which are undergoing digital transformation. While facing stiff competition and challenges in achieving profitability, its strategic acquisitions have expanded its capabilities. Lightspeed should focus on efficient integration of acquired entities and disciplined financial management. Its growth prospects depend on successful market expansion and effective product development to maintain a competitive edge.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Lightspeed Investor Relations
- SEC Filings
- Third-party market research reports
- Company press releases
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share data is approximate and subject to change. Financial data is based on publicly available information and may be subject to inaccuracies.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Lightspeed Commerce Inc
Exchange NYSE | Headquaters Montreal, QC, Canada | ||
IPO Launch date 2019-08-13 | Founder, CEO & Director Mr. Dax Dasilva | ||
Sector Technology | Industry Software - Application | Full time employees - | Website https://www.lightspeedhq.com |
Full time employees - | Website https://www.lightspeedhq.com |
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 in the United States, Canada, the United Kingdom, Australia, and internationally. 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 that allows merchants to enhance omnichannel reach and increase selling flexibility; 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 i

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