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
DateValue
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