Lightspeed Commerce (LSPD) Research & Development (2019 - 2026)
Lightspeed Commerce's (LSPD) quarterly Research & Development came in at $28.0 million in Q1 2026, down 7.2% year-on-year from $30.2 million in Q1 2025, and down 15.57% quarter-over-quarter from $33.2 million in Q4 2025.
Lightspeed Commerce (LSPD) Research & Development (2019 - 2026) Analysis & Trends
Lightspeed Commerce's Research & Development history runs 8 years deep, the most recent figure standing at $28.0 million for Q1 2026.
- On a quarterly basis, Research & Development fell 7.2% year-over-year to $28.0 million in Q1 2026; TTM through Mar 2026 was $126.3 million, a 4.98% increase from a year earlier, with the FY2026 full-year figure at $126.3 million, up 4.98% from the prior year.
- Research & Development declined to $28.0 million in Q1 2026 per LSPD's latest filing, from $33.2 million in the prior quarter.
- Across five years, Research & Development topped out at $37.4 million in Q4 2022 and bottomed at $27.5 million in Q2 2024.
- The 5-year median for Research & Development is $32.7 million (2025), against an average of $32.6 million.
- Across the five-year window, Research & Development jumped 116.17% in 2022 and retreated 19.29% in 2024, its largest moves.
- Year by year, Research & Development stood at $37.4 million in 2022, then retreated by 7.3% to $34.7 million in 2023, then retreated by 7.29% to $32.1 million in 2024, then climbed by 3.24% to $33.2 million in 2025, then slipped by 15.57% to $28.0 million in 2026.
- Per Business Quant, the three latest LSPD Research & Development figures stand at $28.0 million (Q1 2026), $33.2 million (Q4 2025), and $32.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Lightspeed Commerce | 1.33 Bn | 877.93 Mn | 129.11 Mn | 28.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.02 Mn |
| Dec 31, 2025 | 33.19 Mn |
| Sep 30, 2025 | 32.69 Mn |
| Jun 30, 2025 | 32.43 Mn |
| Mar 31, 2025 | 30.20 Mn |
| Dec 31, 2024 | 32.15 Mn |
| Sep 30, 2024 | 30.52 Mn |
| Jun 30, 2024 | 27.47 Mn |
| Mar 31, 2024 | 27.63 Mn |
| Dec 31, 2023 | 34.68 Mn |
| Sep 30, 2023 | 33.08 Mn |
| Jun 30, 2023 | 34.04 Mn |
| Mar 31, 2023 | 30.81 Mn |
| Dec 31, 2022 | 37.41 Mn |
| Sep 30, 2022 | 36.60 Mn |
| Jun 30, 2022 | 35.64 Mn |
| Mar 31, 2022 | 36.84 Mn |
| Dec 31, 2021 | 32.01 Mn |
| Sep 30, 2021 | 30.09 Mn |
| Jun 30, 2021 | 22.22 Mn |