Lightspeed Commerce (TSX:LSPD) Shares Outstanding (Basic Average): 140 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSX:LSPD Lightspeed Commerce Inc TSX:LSPD
68 GF Score
Price C$14.69
GF Value C$28.57
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Lightspeed Commerce Shares Outstanding (Basic Average)?

Lightspeed Commerce TSX:LSPD +0.69% 68 Shares Outstanding (Basic Average) is 140 Mil as of Mar. 2026. GuruFocus rates TSX:LSPD with a GF Score™ of 68/100 and a GF Value™ of C$28.57 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Lightspeed Commerce's average basic shares outstanding for the quarter that ended in Mar. 2026 was 140 Mil.


Lightspeed Commerce  (TSX:LSPD) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Lightspeed Commerce Shares Outstanding (Basic Average) Related Terms


Lightspeed Commerce Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Lightspeed Commerce's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lightspeed Commerce Shares Outstanding (Basic Average) Chart

Lightspeed Commerce Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 141.58 150.40 153.77 153.68 139.17

Lightspeed Commerce Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 152.13 140.82 137.73 138.63 139.51
TSX:LSPD
68GF Score
Lightspeed Commerce Inc TSX:LSPD
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lightspeed Commerce Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 140 Mil mean?
Lightspeed Commerce (TSX:LSPD) has a Shares Outstanding (Basic Average) of 140 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Lightspeed Commerce and its competitors.
Is Lightspeed Commerce's Shares Outstanding (Basic Average) too high?
Lightspeed Commerce's current Shares Outstanding (Basic Average) is 140 Mil. Overall, Lightspeed Commerce has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lightspeed Commerce's Shares Outstanding (Basic Average) compare to UBER and SHOP?
Lightspeed Commerce's Shares Outstanding (Basic Average) of 140 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Software company?
A good Shares Outstanding (Basic Average) depends on the Software industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Lightspeed Commerce and its competitors. Lightspeed Commerce's current Shares Outstanding (Basic Average) is 140 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightspeed Commerce stock overvalued right now?
Based on GuruFocus' analysis, Lightspeed Commerce (TSX:LSPD) is currently considered Significantly Undervalued. The stock's GF Value™ is C$28.57, compared to a current price of C$14.69 — trading 48.6% below its estimated fair value. The current Shares Outstanding (Basic Average) is 140 Mil. Lightspeed Commerce's overall GF Score™ is 68/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Lightspeed Commerce (TSX:LSPD), the current Shares Outstanding (Basic Average) is 140 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lightspeed Commerce (TSX:LSPD) Overvalued in 2026?

Based on GuruFocus' analysis, Lightspeed Commerce stock appears to be undervalued. The current stock price of C$14.69 is trading 48.6% below its estimated GF Value™ of C$28.57. GuruFocus considers Lightspeed Commerce to be Significantly Undervalued.

Key valuation signals for TSX:LSPD:

  • Shares Outstanding (Basic Average): 140 Mil
  • GF Value™: C$28.57 vs. price of C$14.69 (48.6% below fair value)
  • GF Score™: 68/100 with 1 warning sign

No single metric tells the full story. See the TSX:LSPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lightspeed Commerce Business Description

Other Exchanges LSPD:USA3L50:Germany
Address 700 Saint-Antoine Street East, Suite 300, Montreal, QC, CAN, H2Y 1A6
Lightspeed Commerce Inc is a one-stop commerce platform providing its customers with the critical functionalities needed to engage with consumers, manage their operations, order their inventory, accept payments, and run their business. It has customers globally in over 100 countries, empowering single- and multi-location small and medium-sized businesses to compete in an omni-channel market environment by engaging with consumers across online, mobile, social, and physical channels. Its products are divided into retail, restaurant, and golf categories. Geographically, it operates in Canada, the United States, the United Kingdom, Switzerland, Germany, and Others with the majority of revenue deriving from Canada.
68GF Score

Get the complete analysis for TSX:LSPD

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$14.69
Price
C$28.57
GF Value