Lightspeed Commerce (LSPD)
Unifies point-of-sale and payments for retail, hospitality, and golf businesses.
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Provides a unified POS-and-payments platform for retail, hospitality, and golf businesses. The founder-led company serves merchants internationally and has refocused its portfolio on core verticals after an acquisition wave.
Combines point-of-sale software and payments in a commerce platform for retail, hospitality, and golf businesses. Its named retail and restaurant products are Lightspeed Retail and Lightspeed Restaurant, while the broader offering grew from the company’s point-of-sale roots for single- and multi-location businesses.
Merchants use the platform across locations and channels, and the company serves them internationally. The portfolio expanded through acquisitions and was later refocused on core verticals.
The refocus concentrates activities on retail in North America and hospitality in Europe after the sale of the Upserve U.S. hospitality product line.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 31, 2026 | RBC Capital | Reiterate | Rating: —Target: $10 | Target: $13 |
| May 28, 2026 | Truist Financial | Target | Target: $11 | Target: $10 |
| May 25, 2026 | BMO Capital | Target | Target: — | Target: $12 |
| May 22, 2026 | RBC Capital | Target | Target: $20 | Target: $10 |
| May 22, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $13.50 | Target: $11.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $373.2M · Total debt $19.9M · Total assets $1.59B · Shareholders' equity $1.39B
- Revenue
- $322.7M
- Operating income
- −$3.5M
- Net income
- −$2.4M
No dividends on record.
| Institutions | 55.62% | 76.63M ADS | |
|---|---|---|---|
| 117 holders · as of Jun 30, 2026 | |||
| Other | 44.38% | 61.15M ADS | |
| remainder | |||
137.77M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Caisse de Depot et Placement du QuebecInstitution | 17.63% | 24.29M ADS | as of Jun 30, 2026 |
FIL LtdInstitution | 11.62% | 16.01M ADS | as of Jun 30, 2026 |
Pale Fire Capital SEInstitution | 4.19% | 5.77M ADS | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.68% | 3.69M ADS | as of Jun 30, 2026 |
Artisan Partners Limited PartnershipInstitution | 2.63% | 3.62M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
