Quick verdict: AMPL vs LSPD in 2026

Overall, Amplitude, Inc. (AMPL) appears to have a stronger operational profile, leading Lightspeed Commerce Inc. (LSPD) on profitability and analyst sentiment. LSPD, however, demonstrates stronger revenue growth and a more attractive valuation based on its price-to-book ratio. AMPL holds the edge as the analyst favorite with greater implied upside, while LSPD takes the lead in top-line growth and certain valuation metrics. Not investment advice.

AMPL vs LSPD: key metrics side by side

Full side-by-side comparison of AMPL and LSPD across valuation, profitability, growth and analyst sentiment. Data updated 2026-05-12.

AMPL vs LSPD valuation comparison

When assessing AMPL vs LSPD valuation, both companies present challenging profiles due to their current unprofitability, resulting in negative P/E ratios. Amplitude (AMPL) has a P/E of -9.46x, while Lightspeed Commerce (LSPD) stands at -1.88x. While both are negative, LSPD’s P/E is ‘less negative,’ suggesting a higher price relative to its losses, or conversely, that its losses are smaller relative to its share price. However, P/E for unprofitable companies can be misleading. A more stable metric in this context is the Price-to-Book (P/B) ratio, where LSPD shines with a significantly lower P/B of 0.87x compared to AMPL’s 3.9x. This indicates that LSPD is trading below its book value, while AMPL trades at a substantial premium.

The Discounted Cash Flow (DCF) analysis further complicates the valuation picture. Both stocks show extremely negative DCF upsides, with AMPL at -131.3% and LSPD at an alarming -1547.6%. This suggests that, based on conventional cash flow projections, both companies are significantly overvalued relative to their intrinsic value, with LSPD facing a much steeper theoretical hurdle. Despite the deeply negative DCF for both, LSPD’s lower P/B ratio and less negative P/E ratio position it as potentially “cheaper” from a tangible asset and earnings-per-loss perspective in this AMPL vs LSPD valuation comparison, although the high DCF discrepancy flags significant underlying risks.

AMPL vs LSPD growth comparison

In the AMPL vs LSPD growth comparison, Lightspeed Commerce Inc. (LSPD) demonstrates a stronger top-line expansion with a year-over-year revenue growth of +18.4%. This outpaces Amplitude, Inc.’s (AMPL) revenue growth of +14.7% over the same period. Furthermore, LSPD operates on a significantly larger revenue base, reporting $1.08 billion in trailing twelve-month revenue, which is more than triple AMPL’s revenue of $343.214 million. This indicates that LSPD has greater market penetration and is scaling its operations at a faster clip.

However, it’s crucial to examine this growth in the context of profitability, as rapid expansion doesn’t always equate to efficient growth. While LSPD shows stronger revenue momentum, its larger scale and faster growth come with significantly wider negative margins, as discussed in the profitability section. This implies that LSPD is investing heavily in growth, potentially at the expense of short-term profitability. For investors prioritizing sheer market expansion and top-line velocity, LSPD currently exhibits stronger momentum. However, AMPL’s slightly more contained growth rate, coupled with better margin control, might appeal to those seeking a more balanced growth-to-profitability trajectory.

AMPL vs LSPD profitability

When comparing AMPL vs LSPD profitability, Amplitude, Inc. (AMPL) stands out with significantly stronger margins, despite both companies currently operating at a loss. AMPL reported a net margin of -25.11%, which is considerably better than Lightspeed Commerce Inc.’s (LSPD) net margin of -57.97%. This indicates that AMPL is more efficient at managing its costs relative to its revenue, resulting in a less severe bottom-line loss. Similarly, AMPL’s EBITDA margin of -23.46% is also superior to LSPD’s -46.29%, reinforcing AMPL’s operational efficiency advantage at the pre-interest, taxes, depreciation, and amortization level.

Regarding Free Cash Flow (FCF) yield, AMPL again shows a slight edge, with a FCF yield of 2.62% compared to LSPD’s 2.42%. This suggests that AMPL generates a marginally higher amount of cash flow from its operations relative to its market capitalization, indicating a slightly better ability to self-fund operations or invest for future growth without external financing. Neither company reports a positive Return on Equity (ROE), as both are N/A%, which is expected given their negative net incomes. In summary, while both companies are in a growth phase characterized by unprofitability, AMPL clearly demonstrates a better grasp on managing its expenditures and generating free cash flow, indicating it is more profitable in relative terms.

Analyst ratings: AMPL vs LSPD

The analyst community shows a clear preference for Amplitude, Inc. (AMPL) in terms of consensus and potential upside. Of the 12 analysts covering AMPL, a strong 66.7% have issued a “Buy” rating, contributing to an overall “Buy” consensus. Their average price target for AMPL is $12, implying a substantial upside of +88.7% from its current price of $6.36. This robust backing suggests a strong belief in AMPL’s product, market position, and future growth trajectory among professional analysts.

In contrast, Lightspeed Commerce Inc. (LSPD) garners a slightly less enthusiastic, though still positive, analyst sentiment. Among the 15 analysts covering LSPD, 46.7% recommend a “Buy,” also leading to an overall “Buy” consensus rating. The average price target for LSPD is set at $12.3, which represents a more modest implied upside of +32.1% from its current price of $9.31. While both stocks carry a “Buy” consensus, the higher percentage of buy ratings and significantly greater price target upside for AMPL indicate that analysts currently see more compelling investment potential in Amplitude.

Should I buy AMPL or LSPD stock in 2026?

For growth-focused investors considering AMPL vs LSPD stock comparison 2026, Lightspeed Commerce Inc. (LSPD) currently presents a more aggressive growth profile with a 18.4% year-over-year revenue increase, surpassing Amplitude’s 14.7%. Its larger revenue base of $1.08 billion also suggests a greater scale and market reach. However, this comes at a significant cost, as reflected in LSPD’s wider negative margins. Growth investors must weigh LSPD’s higher revenue expansion against AMPL’s comparatively better profitability metrics, even if both are currently unprofitable. The decision here hinges on whether you prioritize top-line acceleration or more disciplined growth.

From a value perspective, assessing ampl vs lspd fundamentals and valuation reveals a mixed bag. LSPD appears cheaper on a Price-to-Book (P/B) basis, trading at 0.87x compared to AMPL’s 3.9x, suggesting LSPD’s assets are valued more modestly by the market. Both companies have negative P/E ratios, but LSPD’s -1.88x is ‘less negative’ than AMPL’s -9.46x. However, the deeply negative Discounted Cash Flow (DCF) estimates for both, especially LSPD at -1547.6%, indicate significant overvaluation based on projected future cash flows. Value investors must carefully consider these contrasting signals, acknowledging LSPD’s lower P/B as a potential value indicator despite serious intrinsic value concerns from the DCF model.

Regarding income, neither AMPL nor LSPD is suitable for investors seeking dividend income. Both Amplitude, Inc. and Lightspeed Commerce Inc. currently have a dividend yield of 0%, as they are growth-oriented companies reinvesting their capital back into the business rather than distributing profits to shareholders. Therefore, if the question is “should i buy ampl or lspd stock 2026” for income generation, the answer is neither. This is not investment advice; please conduct your own thorough research.

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