Lightspeed Commerce (LSPD) Cost of Revenue (2019 - 2026)
Lightspeed Commerce (LSPD) recorded Cost of Revenue of $184.15 million in the quarter ended Jun 30, 2026, up 4.7% from $175.87 million a year earlier and up 13.9% from the prior quarter.
Powered by 
Analysis
Lightspeed Commerce (LSPD) Cost of Revenue (2019 - 2026) Analysis & Trends
On a TTM basis, Lightspeed Commerce's Cost of Revenue came in at $708.4 million as of Jun 30, 2026, up 9.9% year-over-year; for the year ended Mar 31, 2026, it came in at $700.12 million, up 11.7% from the prior year.
- Annual Cost of Revenue has increased for three straight years, with a five-year compound annual growth rate of 85.6% (years ended Mar 2021 to Mar 2026).
- Across earlier years, Cost of Revenue came in at $626.62 million in the year ended Mar 31, 2025 (+19.6%), $524.02 million in the year ended Mar 31, 2024 (+554.5%), $80.06 million in the year ended Mar 31, 2023 (-71.1%) and $277.2 million in the year ended Mar 31, 2022 (+772.9%).
- The figure for the quarter ended Jun 30, 2026 is the highest quarterly Cost of Revenue in data going back to the quarter ended Jun 30, 2020.
- On a year-over-year basis, Cost of Revenue has increased for 13 consecutive quarters, with growth averaging 12.6% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 585.6% in the quarter ended Mar 31, 2024, against a decline of 10.9% in the quarter ended Sep 30, 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $161.69 million (quarter ended Mar 31, 2026), $178.77 million (quarter ended Dec 31, 2025) and $183.8 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 49.75 Bn | 21.99 Bn | 695.95 Mn | 232.01 Mn |
| 3 | Samsara | 24.62 Bn | 21.39 Bn | 392.58 Mn | 115.86 Mn |
| 4 | Ptc | 22.44 Bn | 21.26 Bn | 490.47 Mn | 109.58 Mn |
| 5 | Toast | 20.13 Bn | 12.77 Bn | 543.00 Mn | 1.44 Bn |
| 6 | Manhattan Associates | 14.81 Bn | 13.87 Bn | 174.30 Mn | 131.89 Mn |
| 7 | Bentley Systems | 14.12 Bn | 13.59 Bn | 349.55 Mn | 71.96 Mn |
| 8 | Trimble | 12.79 Bn | 11.87 Bn | 659.10 Mn | 307.70 Mn |
| 9 | Costar | 12.49 Bn | 7.87 Bn | 741.00 Mn | 211.00 Mn |
| 10 | Lightspeed Commerce | 1.44 Bn | -204.04 Mn | 142.75 Mn | 181.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 181.04 Mn |
| Jun 30, 2026 | 184.15 Mn |
| Mar 31, 2026 | 12.54 Mn |
| Dec 31, 2025 | 178.77 Mn |
| Sep 30, 2025 | 183.80 Mn |
| Jun 30, 2025 | 175.87 Mn |
| Mar 31, 2025 | 16.85 Mn |
| Dec 31, 2024 | 164.26 Mn |
| Sep 30, 2024 | 162.90 Mn |
| Jun 30, 2024 | 157.88 Mn |
| Mar 31, 2024 | 18.51 Mn |
| Dec 31, 2023 | 138.22 Mn |
| Sep 30, 2023 | 134.11 Mn |
| Jun 30, 2023 | 19.34 Mn |
| Mar 31, 2023 | 19.04 Mn |
| Dec 31, 2022 | 102.69 Mn |
| Sep 30, 2022 | 102.23 Mn |
| Jun 30, 2022 | 96.36 Mn |
| Mar 31, 2022 | 20.66 Mn |
| Dec 31, 2021 | 73.68 Mn |
API Access
Lightspeed Commerce Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LSPD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "LSPD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=LSPD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();