← Lightspeed Commerce Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | — | — | ($17.0m) | $30.4m | $36.3m | ($57.4m) | ($59.0m) | ($164.0m) | ($667.2m) | ($144.4m) | |
| Net Income From Continuing Operations | — | — | — | — | — | — | ($1.1b) | ($164.0m) | ($667.2m) | ($144.4m) | |
| Amortization of intangible assets | — | — | — | $9.2m | $30.1m | $91.8m | $101.5m | $95.0m | $88.4m | $138.8m | |
| Depreciation of property and equipment and lease right-of-use assets | — | — | — | $4.2m | $6.4m | $12.7m | $13.7m | $14.6m | $12.6m | $11.9m | |
| Depreciation and amortization | $1.3m | $828k | $10.7m | $9.1m | $10.8m | $11.0m | $13.4m | $10.7m | $7.6m | $150.8m | |
| Amortization Cash Flow | — | — | — | — | — | — | $101.5m | $95.0m | $88.4m | $138.8m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $101.5m | $95.0m | $88.4m | $138.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $115.3m | $109.6m | $101.0m | $150.8m | |
| Deferred income tax expense (recovery) | — | — | — | ($3.2m) | ($6.0m) | ($28.0m) | ($6.7m) | ($323k) | $191k | ($8.1m) | |
| Deferred income taxes | — | — | ($1.0m) | $372k | ($12.7m) | $12.5m | ($679k) | $726k | $472k | — | |
| Deferred Income Tax | — | — | — | — | — | — | ($6.7m) | ($323k) | $191k | ($8.1m) | |
| Deferred Tax | — | — | — | — | — | — | ($6.7m) | ($323k) | $191k | ($8.1m) | |
| Share-based compensation expense | — | — | — | $8.9m | $32.7m | $108.9m | $129.2m | $74.9m | $55.6m | $57.0m | |
| Goodwill impairment | — | — | — | — | — | $0 | $748.7m | $0 | $556.4m | $0 | |
| Payments for employee taxes related to stock compensation | — | — | — | — | — | ($1.5m) | ($774k) | ($1.3m) | ($2.3m) | — | |
| Impairment of equity method investment | — | — | — | — | — | $2.3m | — | — | — | — | |
| Impairment loss for intangible assets | — | $3.3m | — | — | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $748.7m | $0 | $556.4m | $0 | |
| Loss (gain) on disposal of property and equipment | — | $947k | ($29.7m) | $246k | $83k | $431k | $180k | $600k | ($619k) | — | |
| Loss from equity method investment | — | — | — | ($3.2m) | $7.4m | — | — | — | — | — | |
| Equity loss (income) from equity method investment | — | — | ($257k) | ($3.2m) | $7.4m | — | — | — | — | — | |
| Gain from sales of equity method investment | — | — | ($21.5m) | — | — | — | — | — | — | — | |
| Acquisition of equity investments | — | — | ($7.0m) | — | — | — | — | — | — | — | |
| Sale of equity method investment | — | — | $77.5m | — | — | — | — | — | — | — | |
| Loss on disposal of equipment and intangible assets | — | $232k | $19k | $1k | — | — | — | — | — | — | |
| Non-marketable equity investments | ($1.5m) | — | — | — | — | — | — | — | — | — | |
| Net loss | — | ($8.9m) | ($4.5m) | ($53.5m) | ($124.3m) | ($288.4m) | ($1.1b) | ($164.0m) | ($667.2m) | ($144.4m) | |
| Unrealized foreign exchange gain | — | — | — | $475k | $320k | $5k | $100k | ($116k) | ($290k) | ($967k) | |
| Trade and other receivables | — | — | — | $2.1m | ($9.2m) | ($5.4m) | ($35.2m) | ($7.6m) | $8.9m | $4.8m | |
| Merchant cash advances | — | — | — | — | — | — | ($23.2m) | ($44.7m) | ($31.9m) | ($12.3m) | |
| Inventories | — | — | $110.1m | ($401k) | ($256k) | ($6.0m) | ($5.3m) | ($3.7m) | $1.9m | ($1.3m) | |
| Other assets | — | — | — | ($3.4m) | ($12.0m) | ($25.0m) | ($10.0m) | ($15.8m) | ($20.9m) | ($1.8m) | |
| Accounts payable and accrued liabilities | — | — | — | $4.2m | ($15.3m) | $6.8m | ($9.0m) | ($194k) | ($892k) | $10.6m | |
| Income taxes payable | — | — | — | ($59k) | $38k | $1.1m | $201k | ($5.2m) | ($169k) | ($753k) | |
| Deferred revenue | — | — | ($11.2m) | ($433k) | ($4.0m) | $4.6m | $2.0m | ($1.1m) | $1.5m | $9.3m | |
| Other long-term liabilities | — | — | — | $300k | $2.3m | ($2.4m) | $19k | $32k | ($404k) | $828k | |
| Net interest income | — | — | — | ($1.8m) | $353k | ($3.0m) | ($24.8m) | ($42.5m) | ($36.5m) | ($8.2m) | |
| Additions to property and equipment | — | — | ($10.3m) | ($3.6m) | ($1.8m) | ($10.7m) | ($9.2m) | ($7.5m) | ($3.8m) | ($6.6m) | |
| Additions to intangible assets | — | — | — | — | — | $0 | ($3.9m) | ($10.7m) | ($19.3m) | ($52.8m) | |
| Interest income | — | — | — | $3.5m | $2.3m | $5.8m | $23.5m | $44.1m | $38.7m | $22.0m | |
| Proceeds from exercise of stock options, net of tax withholding for net share settlement | — | — | — | $3.5m | $21.0m | $17.5m | $4.7m | $2.1m | $2.2m | $1.1m | |
| Shares repurchased and cancelled | — | — | — | — | — | — | — | $0 | ($132.3m) | ($86.2m) | |
| Shares repurchased for settlement of non-treasury RSUs | — | — | — | — | — | — | — | — | $0 | ($30.2m) | |
| Payment of lease liabilities | — | — | — | ($3.4m) | ($4.4m) | ($7.0m) | ($8.9m) | ($8.2m) | ($8.4m) | ($8.3m) | |
| Financing costs | — | — | — | ($653k) | ($1.6m) | ($1.8m) | ($1.1m) | ($37k) | ($180k) | ($88k) | |
| Allowance for expected credit losses | — | — | $882k | $7.3m | $1.7m | $697k | $245k | $1.2m | $133k | — | |
| Provision for obsolete and excess inventory | ($74k) | — | $4.3m | $4.2m | $8.3m | $9.5m | $3.4m | $3.8m | $3.8m | — | |
| Stock-based compensation | $479k | $945k | $744k | $1.6m | $6.3m | $33.9m | $33.7m | $27.3m | $21.7m | $57.0m | |
| Unrealized loss on marketable securities | — | — | $1.4m | ($130k) | $101k | $55k | $4k | $5k | — | — | |
| Accounts receivable | $115k | ($88k) | $33.9m | ($14.1m) | $788k | ($22.0m) | $2.8m | $14.5m | $2.3m | — | |
| Prepaid expenses | — | — | $1.8m | ($7.5m) | ($2.2m) | $905k | $3.6m | ($850k) | ($4.1m) | — | |
| Accounts payable | ($25k) | $187k | ($100.7m) | $76.3m | ($20.1m) | ($14.1m) | ($898k) | ($57.4m) | $11.6m | — | |
| Accrued liabilities and other liabilities | $120k | $214k | $8.0m | $44.6m | $41.5m | ($34.4m) | ($12.1m) | ($8.4m) | ($4.4m) | — | |
| Payments to acquire property and equipment | — | — | ($10.3m) | ($6.2m) | ($13.8m) | ($9.2m) | ($30.3m) | ($3.6m) | ($2.7m) | $6.6m | |
| Proceeds on disposal of property and equipment | — | $947k | $38.5m | $132k | $1k | $1k | $176k | $2.2m | $2.8m | — | |
| Borrowings under line of credit | — | — | $98.0m | $20.0m | $787k | $46.2m | $66.5m | $72.5m | $12.1m | — | |
| Repayments under line of credit | — | — | ($134.4m) | ($21.5m) | — | ($45.7m) | ($65.1m) | ($72.5m) | ($13.1m) | — | |
| Proceeds from exercise of stock options | — | $18k | — | — | $270k | $2.9m | $1.2m | $113k | $3.7m | — | |
| Beginning of period | — | — | — | $80.5m | $157.7m | $104.3m | $123.5m | $106.5m | $99.7m | — | |
| Cashless exercise of stock options | — | — | $2.6m | $16.9m | $677k | $723k | — | $9.7m | — | — | |
| ROU assets exchanged for lease liabilities | — | — | — | — | $60.7m | $7.5m | $18.9m | $69k | $4.0m | — | |
| Recovery of related party receivable | — | — | — | — | ($335k) | ($50k) | — | — | — | — | |
| Change in fair value of warrant liabilities | — | — | — | — | ($61k) | ($1.1m) | ($11k) | ($4k) | — | — | |
| Gain from disposal of subsidiary | — | — | — | $245k | ($2.0m) | — | — | — | — | — | |
| Dues from affiliate | — | — | ($1.0m) | ($2k) | ($3k) | — | — | — | — | — | |
| Proceeds from exercise of warrants | — | — | — | — | $538k | — | — | — | — | — | |
| Insurance settlement proceeds | — | — | $900k | $788k | — | — | — | — | — | — | |
| End of period | — | — | $56.7m | $157.7m | $104.3m | $123.5m | — | — | — | — | |
| Other current assets | — | — | $1.9m | ($1.0m) | ($747k) | — | — | — | — | — | |
| Loans to affiliate | — | — | ($15.0m) | — | — | — | — | — | — | — | |
| Loan from affiliate | — | — | $15.0m | — | — | — | — | — | — | — | |
| Repayment of loan from affiliate | — | — | ($15.0m) | — | — | — | — | — | — | — | |
| Stock-based compensation to employees | $479k | $247k | $69k | — | — | — | — | — | — | — | |
| Loss from disposal of inventories | — | $59k | $6k | — | — | — | — | — | — | — | |
| Change in fair value of warrants liability | $230k | ($600k) | ($740k) | $129k | — | — | — | — | — | — | |
| – accounts receivable | ($47k) | $6k | $10k | $31k | $788k | ($22.0m) | $2.8m | $14.5m | $2.3m | — | |
| – other receivables and prepayments | $32k | $16k | $499 | $27k | — | — | — | — | — | — | |
| Change in warranty obligation | ($131k) | ($10k) | ($8k) | ($728) | — | — | — | — | — | — | |
| – third parties | ($342k) | $233k | $145k | ($539) | — | — | — | — | — | — | |
| – related party | $194k | — | — | — | — | — | — | — | — | — | |
| Decrease(increase) in other receivables and prepayments | ($71k) | $23k | $70k | ($29k) | — | — | — | — | — | — | |
| Increase in interest receivable – related party | — | ($161k) | ($3k) | — | — | — | — | — | — | — | |
| Decrease(increase) in inventories | ($2.0m) | ($137k) | $256k | $210k | — | — | — | — | — | — | |
| Decrease(increase) in other taxes receivable | ($281k) | ($93k) | $37k | $18k | — | — | — | — | — | — | |
| Increase in interest payable- related party | — | $179k | $2k | — | — | — | — | — | — | — | |
| Decrease in due to related parties – Trade | ($475) | — | — | — | — | — | — | — | — | — | |
| Increase (decrease) in contract liabilities | — | ($81k) | $35k | ($117k) | — | — | — | — | — | — | |
| Proceeds from disposal of equipment | — | $1k | $23k | — | — | — | — | — | — | — | |
| Loan to a related party | ($3.0m) | ($6.0m) | — | — | — | — | — | — | — | — | |
| Repayment from a related party | $3.0m | $549k | — | — | — | — | — | — | — | — | |
| Net cash payments from disposal of subsidiaries | — | — | — | ($2k) | — | — | — | — | — | — | |
| Loans from related parties | $1.5m | $3.7m | $1.4m | $498k | — | — | — | — | — | — | |
| Repayment of the loan from related party | — | — | — | ($33k) | — | — | — | — | — | — | |
| Acquisition of property and equipment and construction in progress by decreasing inventories | — | $947k | $29.7m | $246k | $83k | $431k | $180k | $600k | $619k | — | |
| Offset short-term borrowings - related party against loans to a related party (including accrued interests) | — | $5.4m | — | — | — | — | — | — | — | — | |
| Profit or Loss | ($5.1m) | ($8.9m) | ($4.5m) | — | — | — | — | — | — | — | |
| Increase (decrease) in advances from customers | $207k | ($81k) | $35k | — | — | — | — | — | — | — | |
| Consideration paid to BTL | ($146k) | — | — | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $953.7m | $800.2m | $722.1m | $558.5m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($35.4m) | ($6.2m) | ($138.7m) | ($123.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $8.8m | $25.9m | $8.0m | ($37.6m) | |
| Change In Account Payable | — | — | — | — | — | — | ($9.0m) | ($194k) | ($892k) | $10.6m | |
| Change In Income Tax Payable | — | — | — | — | — | — | $201k | ($5.2m) | ($169k) | ($753k) | |
| Change In Inventory | — | — | — | — | — | — | ($5.3m) | ($3.7m) | $1.9m | ($1.3m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($10.0m) | ($15.8m) | ($20.9m) | ($1.8m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $19k | $32k | ($404k) | $828k | |
| Change In Other Working Capital | — | — | — | — | — | — | ($21.2m) | ($45.9m) | ($30.4m) | ($2.9m) | |
| Change In Payable | — | — | — | — | — | — | ($8.8m) | ($5.4m) | ($1.1m) | $9.8m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($8.8m) | ($5.4m) | ($1.1m) | $9.8m | |
| Change In Receivables | — | — | — | — | — | — | ($12.0m) | ($7.6m) | $8.9m | $4.8m | |
| Change In Tax Payable | — | — | — | — | — | — | $201k | ($5.2m) | ($169k) | ($753k) | |
| Change In Working Capital | — | — | — | — | — | — | ($57.2m) | ($78.2m) | ($42.0m) | $9.5m | |
| Changes In Cash | — | — | — | — | — | — | ($151.9m) | ($77.9m) | ($163.4m) | ($105.9m) | |
| End Cash Position | — | — | — | — | — | — | $800.2m | $722.1m | $558.5m | $453.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($35.4m) | ($6.2m) | ($138.7m) | ($123.7m) | |
| Free Cash Flow | — | — | — | — | — | — | ($138.4m) | ($115.9m) | ($55.9m) | ($3.9m) | |
| Interest Received CFI | — | — | — | — | — | — | $23.5m | $44.1m | $38.7m | $22.0m | |
| Investing Cash Flow | — | — | — | — | — | — | $8.8m | $25.9m | $8.0m | ($37.6m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $823.5m | $0 | — | — | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($7.5m) | ($165k) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $100k | ($116k) | ($290k) | ($967k) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($3.9m) | ($10.7m) | ($19.3m) | ($52.8m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($9.2m) | ($7.5m) | ($3.8m) | ($6.6m) | |
| Operating Gains Losses | — | — | — | — | — | — | $100k | ($116k) | ($290k) | ($967k) | |
| Other Non Cash Items | — | — | — | — | — | — | ($24.8m) | ($42.5m) | ($36.5m) | ($8.2m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $4.7m | $2.1m | $2.2m | $1.1m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($7.5m) | ($165k) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($3.9m) | ($10.7m) | ($19.3m) | ($52.8m) | |
| Purchase Of PPE | — | — | — | — | $1.8m | $10.7m | ($9.2m) | ($7.5m) | ($3.8m) | ($6.6m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | ($132.3m) | ($116.4m) | |
| Total operating activities | — | — | — | ($28.6m) | ($93.1m) | ($87.2m) | ($125.3m) | ($97.7m) | ($32.8m) | $55.5m | |
| Total investing activities | — | — | — | ($120.3m) | ($235.0m) | ($563.9m) | $8.8m | $25.9m | $8.0m | ($37.6m) | |
| Total financing activities | — | — | — | $153.5m | $922.3m | $798.1m | ($35.4m) | ($6.2m) | ($138.7m) | ($123.7m) | |
| Net cash used in operating activities | ($5.4m) | ($3.6m) | ($10.1m) | $84.5m | ($53.3m) | $20.5m | ($3.8m) | ($821k) | ($27.0m) | $55.5m | |
| Capital expenditures and other additions | ($41k) | ($776k) | — | — | — | — | — | — | — | — | |
| Acquisition of business, net of cash acquired | — | — | — | ($120.2m) | ($235.6m) | ($559.4m) | $0 | $0 | ($7.5m) | ($165k) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $0 | ($1.5m) | $0 | — | — | |
| Purchase Of Investment | — | — | — | — | — | $0 | ($1.5m) | $0 | — | — | |
| Gain from sales of investment | — | — | — | — | — | ($1.7m) | ($6.8m) | ($1.6m) | — | — | |
| Proceeds from sale of investment | — | — | — | — | — | $5.4m | $15.8m | $3.9m | — | — | |
| Net cash provided by (used in) investing activities | ($1.7m) | ($6.2m) | $84.7m | ($5.2m) | ($13.8m) | ($3.8m) | ($14.3m) | $2.4m | $105k | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($38.9m) | ($8.2m) | ($8.4m) | ($8.3m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($38.9m) | ($8.2m) | ($8.4m) | ($8.3m) | |
| Repayments of long-term debt | — | — | ($13.3m) | ($265k) | ($285k) | ($274k) | ($264k) | ($1.3m) | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($38.9m) | ($8.2m) | ($8.4m) | ($8.3m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($38.9m) | ($8.2m) | ($8.4m) | ($8.3m) | |
| Proceeds from issuance of common stock under at-the-market offering, net of issuance costs | $1.5m | — | — | $7.2m | $11.4m | — | — | — | $35.2m | — | |
| Common Stock Issuance | — | — | — | — | — | $823.5m | $0 | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | $0 | ($132.3m) | ($116.4m) | |
| Repurchase and retirement of common stock | — | — | — | — | — | — | — | ($3.5m) | — | — | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | ($132.3m) | ($116.4m) | |
| Cash Dividends Paid | — | — | — | — | — | $0 | $0 | $0 | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.3m) | ($143k) | ($180k) | ($88k) | |
| Net cash provided by (used in) financing activities | $3.0m | $3.7m | ($49.7m) | ($1.7m) | $12.7m | $1.5m | $1.6m | ($6.1m) | $35.6m | — | |
| Effect of foreign exchange rate changes on cash and cash equivalents | — | — | — | ($1.4m) | $2.0m | ($404k) | ($1.6m) | ($109k) | ($237k) | $1.3m | |
| Effect of exchange rate fluctuations on cash and cash equivalents | $140k | ($177k) | ($169k) | ($26k) | — | — | — | — | — | — | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($1.6m) | ($109k) | ($237k) | $1.3m | |
| Net decrease in cash and cash equivalents during the year | — | — | — | $3.3m | $596.2m | $146.5m | ($153.5m) | ($78.1m) | ($163.6m) | ($104.6m) | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | ($6.3m) | $23.9m | $77.2m | ($53.4m) | $19.2m | ($17.0m) | ($6.7m) | $8.9m | — | |
| Net decrease in cash and cash equivalents | ($4.0m) | ($6.3m) | ($454k) | — | — | — | — | — | — | — | |
| Cash and cash equivalents – Beginning of year | — | — | — | $211.0m | $807.1m | $953.7m | $800.2m | $722.1m | $558.5m | $453.9m | |
| Foreign currency effect on cash, cash equivalents and restricted cash | — | — | ($1.0m) | ($345k) | $972k | $918k | ($499k) | ($2.3m) | $197k | — | |
| Cash, cash equivalents and restricted cash at beginning of year | $10.8m | $6.8m | $477k | $23k | — | — | — | — | — | — | |
| Cash, cash equivalents and restricted cash at end of year | $6.8m | $477k | $23k | $5.3m | — | — | — | — | — | — | |
| Cash and cash equivalent | — | $477k | $23k | $1.8m | — | — | — | — | — | — | |
| Restricted cash | — | — | — | $3.5m | — | — | — | — | — | — | |
| Cash, cash equivalent and restricted cash | — | $477k | $23k | $5.3m | — | — | — | — | — | — | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($153.5m) | ($78.1m) | ($163.6m) | ($104.6m) | |
| Cash paid for interest | $4k | $15k | $2.6m | $270k | $268k | $558k | $1.3m | $1.4m | $1.1m | — | |
| Income taxes paid | — | — | $4.7m | $113k | $147k | $748k | $1.2m | $7.6m | $4.7m | $5.0m | |
| Cash paid for income taxes | — | — | $4.7m | $261k | $6.4m | $5.0m | $342k | $223k | $379k | $5.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.