Demonstrações financeiras detalhadas de Lightspeed Commerce Inc. (LSPD): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Lightspeed Commerce Inc. registou receitas de $1.23B no último exercício, com um CAGR de 5 anos de 40.8%.
Margens dos últimos 12 meses: margem bruta 43.1%, margem operacional -8.7%, margem líquida -7.8%.
Ao preço atual de $9.65, LSPD apresenta lucros negativos (P/L não significativo) e um ROE de -6.60%. A capitalização de mercado é de $1.3B.
Demonstração de Resultados (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Receita | $42.6M | $57.1M | $77.5M | $120.6M | $221.7M | $548.4M | $730.5M | $909.3M | $1.08B | $1.23B |
| Custo da Receita | $15.0M | $17.5M | $23.6M | $43.2M | $94.1M | $277.2M | $398.5M | $524.0M | $626.6M | $700.1M |
| Lucro Bruto | $27.6M | $39.6M | $53.9M | $77.4M | $127.7M | $271.2M | $332.0M | $385.2M | $450.2M | $526.9M |
| P&D | $13.7M | $13.3M | $18.3M | $31.8M | $55.3M | $121.2M | $140.4M | $129.4M | $152.0M | $126.3M |
| Despesas Gerais e Administrativas | $38.8M | $42.5M | $52.8M | $79.9M | $149.9M | $311.9M | $356.3M | $338.0M | $332.8M | $397.4M |
| Despesas Operacionais | $58.3M | $60.9M | $75.7M | $135.8M | $257.4M | $589.5M | $1.43B | $588.3M | $1.15B | $674.5M |
| Lucro Operacional | -$34.0M | -$21.9M | -$23.2M | -$58.4M | -$129.7M | -$318.3M | -$1.10B | -$203.0M | -$696.0M | -$147.6M |
| EBITDA | -$28.8M | -$19.2M | -$20.0M | -$34.2M | -$90.7M | -$207.9M | -$956.9M | -$49.4M | -$557.0M | $8.0M |
| Despesas com Juros | 0 | $26000 | 0 | 0 | $2.9M | $2.9M | $2.1M | $1.2M | $1.5M | $1.3M |
| Lucro Antes de Impostos | -$54.2M | -$81.9M | -$214.3M | -$56.6M | -$130.1M | -$315.4M | -$1.07B | -$160.5M | -$659.5M | -$144.1M |
| Imposto | $4.2M | $14.2M | -$30.7M | -$3.1M | -$5.8M | -$26.9M | -$4.2M | $3.5M | $7.7M | $361000 |
| Lucro Líquido | -$58.4M | -$96.2M | -$183.5M | -$53.5M | -$124.3M | -$288.4M | -$1.07B | -$164.0M | -$667.2M | -$144.4M |
| LPA | $-0.72 | $-1.18 | $-2.25 | $-0.62 | $-1.18 | $-2.04 | $-7.11 | $-1.07 | $-4.34 | $-1.04 |
| LPA Diluído | $-0.72 | $-1.18 | $-2.25 | $-0.62 | $-1.18 | $-2.04 | $-7.11 | $-1.07 | $-4.34 | $-1.04 |
| Ações em Circulação (Diluídas) | $81.5M | $81.5M | $81.5M | $85.9M | $105.2M | $141.6M | $150.4M | $153.8M | $153.7M | $139.2M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $319.0M | $312.3M | $290.8M | $322.7M |
| Lucro Bruto | $135.2M | $133.6M | $129.1M | $138.6M |
| Lucro Operacional | -$34.6M | -$35.5M | -$34.0M | -$3.5M |
| EBITDA | $6.6M | $5.4M | -$5.3M | $8.2M |
| Lucro Líquido | -$32.7M | -$33.6M | -$28.6M | -$2.4M |
| LPA | $-0.24 | $-0.24 | $-0.20 | $-0.02 |
| LPA Diluído | $-0.24 | $-0.24 | $-0.20 | $-0.02 |
Balanço (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Caixa e Equivalentes | $15.3M | $24.7M | $207.7M | $212.8M | $814.9M | $953.7M | $800.2M | $722.1M | $558.5M | $456.9M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $4.3M | $4.1M | $8.4M | $11.2M | $27.0M | $44.0M | $64.2M | $74.6M | $70.0M | $47.8M |
| Estoque | $266000 | $238000 | $269000 | $932000 | $1.6M | $7.5M | $12.8M | $16.5M | $14.6M | $15.9M |
| Ativos Circulantes | $21.8M | $33.8M | $221.6M | $229.3M | $853.7M | $1.04B | $934.3M | $917.9M | $798.0M | $689.5M |
| Imobilizado | $5.0M | $4.7M | $5.4M | $23.9M | $29.5M | $42.0M | $40.5M | $37.6M | $29.8M | $33.8M |
| Ágio | $20.4M | $20.4M | $22.5M | $146.6M | $971.9M | $2.10B | $1.35B | $1.35B | $798.0M | $807.7M |
| Ativos Intangíveis | $7.5M | $4.1M | $2.6M | $62.8M | $234.5M | $409.6M | $311.4M | $227.0M | $159.5M | $73.8M |
| Ativos Totais | $55.5M | $64.0M | $255.8M | $478.4M | $2.11B | $3.62B | $2.67B | $2.58B | $1.83B | $1.67B |
| Contas a Pagar | $3.4M | $3.4M | $7.7M | $12.3M | $22.1M | $39.2M | $37.0M | $33.5M | $34.1M | $39.1M |
| Dívida de Curto Prazo | 0 | 0 | 0 | $3.3M | $5.1M | 0 | 0 | 0 | 0 | $5.3M |
| Passivos Circulantes | $24.2M | $34.3M | $48.6M | $70.8M | $113.4M | $157.9M | $150.5M | $144.7M | $149.0M | $165.7M |
| Dívida de Longo Prazo | $170.7M | $250.9M | 0 | $29.7M | $29.8M | $29.8M | 0 | 0 | 0 | 0 |
| Passivos Totais | $227.3M | $329.6M | $59.1M | $134.3M | $171.0M | $220.7M | $171.3M | $162.8M | $162.2M | $182.7M |
| Reservas | -$186.5M | -$282.7M | -$459.9M | -$513.5M | -$637.8M | -$926.2M | -$2.00B | -$2.16B | -$2.69B | -$2.66B |
| Patrimônio Líquido | -$171.8M | -$265.6M | $196.7M | $344.1M | $1.93B | $3.40B | $2.50B | $2.41B | $1.66B | $1.49B |
| Dívida Total | $170.7M | $250.9M | 0 | $46.5M | $55.4M | $60.5M | $25.2M | $23.2M | $17.0M | $20.2M |
| Dívida Líquida | $155.4M | $226.2M | -$207.7M | -$166.3M | -$759.5M | -$893.1M | -$775.0M | -$698.9M | -$541.5M | -$436.7M |
| Capital de Giro | -$2.5M | -$495000 | $173.0M | $158.5M | $740.3M | $884.6M | $783.9M | $773.2M | $649.0M | $523.9M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $463.6M | $479.0M | $456.9M | $373.2M |
| Ativos Totais | $1.68B | $1.68B | $1.67B | $1.59B |
| Passivos Totais | $162.5M | $173.4M | $182.7M | $199.2M |
| Patrimônio Líquido | $1.52B | $1.50B | $1.49B | $1.39B |
| Dívida Total | $17.5M | $20.2M | $20.2M | $19.9M |
Fluxo de Caixa (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Lucro Líquido | -$58.4M | -$96.2M | -$183.5M | -$53.5M | -$124.3M | -$288.4M | -$1.07B | -$164.0M | -$667.2M | -$143.5M |
| Depreciação e Amortização | $5.8M | $5.1M | $4.5M | $13.5M | $36.5M | $104.5M | $115.3M | $109.6M | $101.0M | $149.8M |
| Compensação em Ações | $1.0M | $1.2M | $1.7M | $8.9M | $37.3M | $154.0M | $169.4M | $77.9M | $55.6M | 0 |
| Variação Capital de Giro | $13.1M | $5.1M | $8.0M | -$4.0M | -$38.4M | -$26.3M | -$57.2M | -$78.2M | -$42.0M | $9.4M |
| Fluxo de Caixa Operacional | -$10.9M | -$10.0M | -$7.6M | -$28.6M | -$93.1M | -$87.2M | -$125.3M | -$97.7M | -$32.8M | $76.9M |
| CapEx | -$2.4M | -$1.5M | -$2.0M | -$3.6M | -$1.8M | -$10.7M | -$13.1M | -$18.2M | -$23.1M | -$6.5M |
| Aquisições | 0 | $5973 | -$1.4M | -$120.2M | -$235.6M | -$559.4M | 0 | 0 | -$7.5M | -$163946 |
| Recompra de Ações | 0 | 0 | -$792000 | 0 | 0 | 0 | 0 | 0 | -$132.3M | -$115.7M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$13.4M | -$11.5M | -$9.6M | -$32.2M | -$94.9M | -$97.9M | -$138.4M | -$115.9M | -$55.9M | $70.4M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $25.5M | $66.8M | -$6.7M | $115000 |
| CapEx | -$1.7M | -$42.9M | -$1.3M | -$1.7M |
| Fluxo de Caixa Livre | $23.8M | $23.9M | -$8.0M | -$1.6M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $16.9M | $45.7M | 0 | $11.8M |
Crescimento e Margens (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| Crescimento Receita (anual) | | +34.0% | +35.7% | +55.8% | +83.8% | +147.3% | +33.2% | +24.5% | +18.4% | +14.0% |
| Crescimento Lucro Líquido (anual) | | -64.7% | -90.8% | +70.8% | -132.2% | -132.1% | -271.0% | +84.7% | -306.9% | +78.4% |
| Crescimento LPA (anual) | | -63.9% | -90.7% | +72.4% | -90.3% | -72.9% | -248.5% | +85.0% | -305.6% | +76.0% |
| Variação de Ações (anual) | | +0.0% | +0.0% | +5.4% | +22.5% | +34.6% | +6.2% | +2.2% | -0.1% | -9.4% |
| Crescimento FCF (anual) | | +13.9% | +16.7% | -235.5% | -195.0% | -3.2% | -41.4% | +16.3% | +51.8% | +225.9% |
| Margem Bruta | 64.8% | 69.4% | 69.6% | 64.2% | 57.6% | 49.5% | 45.4% | 42.4% | 41.8% | 42.9% |
| Margem Operacional | -79.8% | -38.4% | -30.0% | -48.4% | -58.5% | -58.1% | -150.4% | -22.3% | -64.6% | -12.0% |
| Margem EBITDA | -67.5% | -33.6% | -25.9% | -28.4% | -40.9% | -37.9% | -131.0% | -5.4% | -51.7% | 0.7% |
| Margem Líquida | -137.1% | -168.5% | -237.0% | -44.4% | -56.0% | -52.6% | -146.5% | -18.0% | -62.0% | -11.8% |
| Margem FCF | -31.4% | -20.2% | -12.4% | -26.7% | -42.8% | -17.8% | -18.9% | -12.7% | -5.2% | 5.7% |
| Taxa Efetiva de Imposto | -7.7% | -17.4% | 14.3% | 5.5% | 4.5% | 8.5% | 0.4% | -2.2% | -1.2% | -0.3% |
Dados por Ação (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| FCF por Ação | $-0.16 | $-0.14 | $-0.12 | $-0.37 | $-0.90 | $-0.69 | $-0.92 | $-0.75 | $-0.36 | $0.51 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $81.5M | $81.5M | $81.5M | $85.9M | $105.2M | $141.6M | $150.4M | $153.8M | $153.7M | $139.2M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | -6.60% |
| Retorno sobre capital investido | -7.64% |
| Retorno sobre ativos | -6.13% |
| Margem bruta | 43.09% |
| Margem operacional | -8.65% |
| Margem líquida | -7.81% |
Saúde financeira
| Dívida / Patrimônio | 0.01 |
| Liquidez corrente | 3.44 |
Índices Chave (10 anos)
| Ano | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|
| P/L | -45.73 | -27.90 | -14.63 | -21.77 | -53.23 | -14.94 | -2.14 | -13.25 | -2.02 | -8.62 |
| P/VP | -15.61 | -10.10 | 13.64 | 3.37 | 3.42 | 1.27 | 0.91 | 0.90 | 0.81 | 0.84 |
| P/V | 62.97 | 47.01 | 34.64 | 9.61 | 29.81 | 7.87 | 3.13 | 2.40 | 1.25 | 1.02 |
| Margem Bruta | 64.8% | 69.4% | 69.6% | 64.2% | 57.6% | 49.5% | 45.4% | 42.4% | 41.8% | 42.9% |
| Margem Operacional | -79.8% | -38.4% | -30.0% | -48.4% | -58.5% | -58.1% | -150.4% | -22.3% | -64.6% | -12.0% |
| Margem Líquida | -137.1% | -168.5% | -237.0% | -44.4% | -56.0% | -52.6% | -146.5% | -18.0% | -62.0% | -11.8% |