Growth Metrics

Lightspeed Commerce (LSPD) Cost of Revenue (2019 - 2025)

Lightspeed Commerce has reported Cost of Revenue over the past 7 years, most recently at $178.8 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 8.83% year-over-year to $178.8 million; the TTM value through Dec 2025 reached $375.1 million, down 15.15%, while the annual FY2025 figure was $234.8 million, 0.24% changed from the prior year.
  • Cost of Revenue for Q4 2025 was $178.8 million at Lightspeed Commerce, up from $70.3 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $178.8 million in Q4 2025 and troughed at $33.0 million in Q1 2021.
  • A 5-year average of $89.8 million and a median of $67.6 million in 2022 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: surged 258.9% in 2021 and later crashed 56.82% in 2025.
  • Year by year, Cost of Revenue stood at $55.3 million in 2021, then soared by 85.67% to $102.7 million in 2022, then skyrocketed by 34.6% to $138.2 million in 2023, then increased by 18.84% to $164.3 million in 2024, then rose by 8.83% to $178.8 million in 2025.
  • Business Quant data shows Cost of Revenue for LSPD at $178.8 million in Q4 2025, $70.3 million in Q3 2025, and $67.9 million in Q2 2025.