← Lightspeed Commerce Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $477k | $23k | $211.0m | $807.1m | $953.7m | $800.2m | $722.1m | $558.5m | $453.9m | |
| Trade and other receivables | — | — | $10.9m | $24.8m | $45.8m | $84.3m | $62.3m | $53.1m | $47.6m | |
| Inventories | — | — | $932k | $1.6m | $7.5m | $12.8m | $16.5m | $14.6m | $15.9m | |
| Other current assets | — | — | $10.4m | $24.2m | $35.5m | $37.0m | $42.8m | $65.7m | $70.6m | |
| Accounts receivable, net | $92k | $62k | $64.8m | $62.4m | $83.5m | $80.4m | $64.4m | $62.4m | — | |
| Inventories, net | $1.3m | $1.1m | $182.1m | $245.1m | $156.0m | $136.2m | $98.5m | $166.3m | — | |
| Income taxes receivable | — | — | $2.5m | $1.3m | $5.2m | $3.2m | $2.5m | $2k | — | |
| Prepaid expenses | — | — | $15.7m | $17.9m | $17.0m | $13.4m | $14.2m | $18.3m | — | |
| Notes receivable – related party | — | — | ($15.2m) | ($15.2m) | ($15.2m) | ($15.2m) | ($15.2m) | ($15.2m) | — | |
| Other receivables and prepayments, net | $268k | $19k | $34k | — | — | — | — | — | — | |
| Other taxes receivable | $374k | $337k | $247k | — | — | — | — | — | — | |
| Total current assets | $2.7m | $1.7m | $233.2m | $857.7m | $1.0b | $934.3m | $917.9m | $798.0m | $706.4m | |
| Property and equipment, net | $1.3m | $657k | $8.0m | $8.3m | $16.5m | $19.5m | $20.5m | $17.1m | $17.0m | |
| Property, Plant and Equipment | $1.3m | $657k | $8.0m | $8.3m | $16.5m | $19.5m | $20.5m | $17.1m | $17.0m | |
| Intangible assets, net | — | — | $62.8m | $234.5m | $409.6m | $311.4m | $227.0m | $159.5m | $73.6m | |
| Goodwill | — | — | $146.6m | $971.9m | $2.1b | $1.4b | $1.3b | $798.0m | $805.1m | |
| Lease right-of-use assets, net | — | — | $16.0m | $21.2m | $25.5m | $21.0m | $17.1m | $12.7m | $16.7m | |
| Other long-term assets | — | — | $11.7m | $11.5m | $21.4m | $31.5m | $42.9m | $40.6m | $38.2m | |
| Operating lease right-of-use assets | — | — | — | $94.6m | $84.2m | $77.2m | $60.6m | $52.0m | — | |
| Other noncurrent assets | — | — | $10.5m | $14.5m | $9.9m | $12.1m | $11.0m | $10.9m | — | |
| Right of use assets | — | — | $46.6m | $94.6m | — | — | — | — | — | |
| Merchant cash advances | — | — | — | — | — | $29.5m | $74.2m | $106.2m | $118.4m | |
| Deferred tax assets | — | — | $109k | $170k | $154k | $301k | $552k | $298k | $8.2m | |
| Lease liabilities | — | — | $13.5m | $20.6m | $23.0m | $18.6m | $16.3m | $11.3m | $14.9m | |
| Income taxes payable | — | — | $76k | $114k | $6.7m | $6.9m | $1.7m | $1.5m | $787k | |
| Deferred revenue | — | — | $5.5m | $2.8m | $2.1m | $1.2m | $851k | $1.1m | $661k | |
| Share capital | — | — | $852.1m | $2.5b | $4.2b | $4.3b | $4.4b | $4.2b | $3.9b | |
| Restricted cash | — | — | $1.1m | $4.3m | $947k | $4.0m | $3.5m | $850k | — | |
| Deferred tax assets, net | — | — | $109k | $13.4m | $868k | $1.6m | $914k | $442k | $8.2m | |
| Line of credit | — | — | $5.3m | $6.2m | $6.1m | $7.3m | $7.1m | $6.3m | — | |
| Lease liabilities – current | — | — | $9.7m | $14.6m | $14.3m | $13.7m | $12.6m | $13.5m | — | |
| Lease liabilities – noncurrent | — | — | $39.0m | $84.3m | $74.8m | $68.1m | $53.3m | $43.5m | — | |
| Other liabilities | — | — | $53k | $1.1m | $124k | $1.9m | $2.5m | $5.7m | — | |
| Investment at cost | — | — | $15.0m | $15.0m | $11.2m | $2.2m | — | — | — | |
| Noncurrent deferred tax assets | — | — | $669k | $13.4m | — | — | — | — | — | |
| Equity investment | — | — | $9.7m | $2.3m | — | — | — | — | — | |
| Warrants liabilities | — | — | — | $1.1m | — | — | — | — | — | |
| Advances to suppliers, net | $153k | $8k | $8k | — | — | — | — | — | — | |
| Marketable equity securities | — | $143k | $274k | — | — | — | — | — | — | |
| Contract liability | — | $267k | $48k | — | — | — | — | — | — | |
| Accrued expenses and other current liabilities | — | $1.5m | $866k | — | — | — | — | — | — | |
| Warranty obligation | — | $728 | — | — | — | — | — | — | — | |
| Due to related parties | — | $1.2m | $1.8m | — | — | — | — | — | — | |
| Warrants liability | $1.1m | $390k | $519k | — | — | — | — | — | — | |
| Non-marketable equity securities | $1.5m | — | — | — | — | — | — | — | — | |
| Other Current Liabilities | $233k | $267k | — | — | — | — | — | — | — | |
| Other Non-Operating Current Liabilities | — | $1.2m | — | — | — | — | — | — | — | |
| Total shareholders’ equity | — | — | $344.1m | $1.9b | $3.4b | $2.5b | $2.4b | $1.7b | $1.5b | |
| Total stockholders’ equity | $3.1m | ($1.3m) | $127.5m | $182.3m | $155.2m | $129.4m | $106.1m | $160.7m | — | |
| Total assets | $5.7m | $2.3m | $478.4m | $2.1b | $3.6b | $2.7b | $2.6b | $1.8b | $1.7b | |
| Total liabilities and stockholders’ equity | $5.7m | $2.3m | $557.5m | $626.6m | $542.1m | $499.0m | $407.3m | $468.9m | — | |
| Accounts payable and accrued liabilities | — | — | $30.8m | $65.1m | $78.3m | $68.8m | $68.7m | $73.1m | $80.6m | |
| Accounts payable | $234k | $226k | $241.5m | $220.8m | $207.1m | $206.6m | $148.3m | $160.3m | — | |
| Accrued liabilities | — | — | $83.9m | $74.7m | $51.0m | $43.0m | $48.6m | $49.3m | — | |
| Current portion of long-term debt | — | — | $281k | $293k | $269k | $268k | — | — | — | |
| Long-term debt, less current portion | — | — | $2.1m | $1.8m | $1.4m | $1.1m | — | — | — | |
| Total current liabilities | $1.5m | $3.2m | $70.8m | $113.4m | $157.9m | $150.5m | $144.7m | $149.0m | $165.1m | |
| Other long-term liabilities | — | — | $8.2m | $3.2m | $1.0m | $1.0m | $967k | $562k | $1.4m | |
| Deferred tax liabilities | — | — | $6.6m | $1.4m | $6.8m | $0 | $0 | $284k | $0 | |
| Total liabilities | $2.6m | $3.6m | $134.3m | $171.0m | $220.7m | $171.3m | $162.8m | $162.2m | $182.1m | |
| Additional paid-in capital | $40.6m | $40.8m | $11.8m | $35.9m | $123.8m | $198.0m | $213.9m | $200.6m | $208.2m | |
| Accumulated other comprehensive income (loss) | — | — | ($6.3m) | $9.7m | $2.7m | ($3.1m) | ($4.0m) | ($7.5m) | $1.9m | |
| Accumulated deficit | — | ($44.6m) | ($513.5m) | ($637.8m) | ($926.2m) | ($2.0b) | ($2.2b) | ($2.7b) | ($2.6b) | |
| Common Stock, $0.43696 par value; unlimited shares authorized; 20,973 and 19,478 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 49k | 18k | 48k | 8.1m | 8.2m | 8.3m | 8.5m | 9.2m | — | |
| Accumulated other comprehensive loss | $2.6m | $2.4m | $3.1m | $6.1m | $1.1m | $194k | ($2.3m) | ($1.1m) | — | |
| Common Stock, $0.021848 par value; unlimited shares authorized; 369,719 and 363,326 shares issued and outstanding as of December 31, 2021 and 2020 | — | — | 7.9m | 8.1m | — | — | — | — | — | |
| Common stock – Class B, par value $0.021848: 1,513,889 shares authorized as of December 31, 2020 and December 31, 2019; 1,388,888 shares issued and outstanding as of December 31, 2020 and December 31, 2019 | — | 30k | 30k | — | — | — | — | — | — | |
| Retained Earnings | ($40.2m) | ($44.6m) | — | — | — | — | — | — | — | |
| Total liabilities and shareholders’ equity | — | — | $478.4m | $2.1b | $3.6b | $2.7b | $2.6b | $1.8b | $1.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.