Quick verdict: DV vs LSPD in 2026

DoubleVerify (DV) holds an edge in profitability and analyst conviction, showcasing superior margins and a more favorable discounted cash flow (DCF) valuation. Lightspeed Commerce (LSPD), however, demonstrates stronger revenue growth and more appealing valuation metrics by Price-to-Earnings (P/E) and Price-to-Book (P/B). LSPD also offers slightly higher projected price target upside, making it a contender for growth-oriented investors despite its current lack of profitability. Not investment advice.

DV vs LSPD: key metrics side by side

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

DV vs LSPD valuation comparison

When considering the DV vs LSPD valuation, Lightspeed Commerce (LSPD) appears numerically cheaper on some traditional metrics. LSPD trades at a Price-to-Book (P/B) ratio of 0.87x, significantly lower than DoubleVerify’s (DV) 1.55x. Additionally, LSPD’s P/E ratio is -1.88x, which, while numerically lower than DV’s 30.66x, is a result of its current unprofitability and thus complicates a direct comparison of earnings-based valuation.

However, a deeper dive into DV vs LSPD fundamentals and valuation reveals a different story regarding intrinsic value. DoubleVerify boasts a strong discounted cash flow (DCF) upside of +36.9%, suggesting significant potential for appreciation based on future cash flows. In stark contrast, Lightspeed Commerce’s DCF upside is a concerning -1547.6%, indicating that its current stock price is considerably higher than its intrinsic value based on this model. This wide disparity suggests that despite LSPD’s lower P/B, DV offers a more compelling long-term value proposition from an intrinsic value perspective.

DV vs LSPD growth comparison

In terms of top-line expansion, Lightspeed Commerce (LSPD) demonstrates stronger revenue growth momentum. LSPD reported a year-over-year revenue growth of +18.4%, outpacing DoubleVerify (DV), which grew its revenue by +13.9%. This higher growth rate for LSPD indicates a faster expanding operational footprint and ability to capture market share in its sector.

However, the quality of growth varies significantly when comparing the DV vs LSPD fundamentals. While LSPD shows higher revenue growth, its profitability margins are deeply negative, with a net margin of -57.97% and an EBITDA margin of -46.29%. DoubleVerify, on the other hand, exhibits profitable growth, sporting a positive net margin of 7.16% and a healthy EBITDA margin of 19.59%. This suggests that DV’s growth is more sustainable and is effectively translating into bottom-line performance, a crucial factor for investors assessing long-term viability.

DV vs LSPD profitability

Profitability is a key differentiator in this DV vs LSPD stock comparison 2026. DoubleVerify (DV) stands out with a strong positive net margin of 7.16%, demonstrating its ability to convert revenue into profit efficiently. In stark contrast, Lightspeed Commerce (LSPD) reported a significantly negative net margin of -57.97%, indicating substantial operational losses relative to its revenue. Both companies show N/A for Return on Equity (ROE), so this metric does not provide a comparative advantage.

When examining which company generates more cash, DV clearly has the upper hand. DoubleVerify’s Free Cash Flow (FCF) yield is an impressive 8.43%, reflecting strong cash generation from its operations. Lightspeed Commerce’s FCF yield, while positive, is much lower at 2.42%. This difference highlights DV’s superior operational efficiency and its ability to produce substantial free cash flow, which can be reinvested in the business, used to reduce debt, or returned to shareholders.

Analyst ratings: DV vs LSPD

Analyst sentiment leans more favorably towards DoubleVerify (DV). Out of 33 analysts covering DV, a substantial 60.6% have a “Buy” rating. The consensus price target for DV is $13.38, suggesting a significant upside of +28.3% from its current price of $10.43. This high percentage of buy ratings and robust target price reflect a strong conviction in DV’s future performance and market position.

Lightspeed Commerce (LSPD) also garners a “Buy” consensus, but with less enthusiasm from the analyst community. Only 15 analysts cover LSPD, with 46.7% recommending a “Buy” rating. The consensus price target for LSPD is $12.3, which represents a slightly higher potential upside of +32.1% from its current price of $9.31. While LSPD has a higher percentage upside target, the broader coverage and higher proportion of “Buy” ratings for DV suggest that analysts, on average, prefer DoubleVerify for its more stable and profitable business model when considering DV vs LSPD stock comparison 2026.

Should I buy DV or LSPD stock in 2026?

For investors prioritizing pure revenue growth and higher potential price target upside, Lightspeed Commerce (LSPD) might seem attractive in a DV vs LSPD stock comparison 2026. LSPD boasts a higher year-over-year revenue growth rate of 18.4% compared to DV’s 13.9%, and analysts project a slightly greater upside of +32.1% for LSPD versus +28.3% for DV. However, the substantial unprofitability of LSPD, reflected in its negative net and EBITDA margins, introduces significant risk for growth-at-any-cost investors.

When evaluating should I buy DV or LSPD stock 2026, value investors seeking a combination of reasonable valuation and profitability will likely find DoubleVerify (DV) to be the more compelling choice. While DV’s P/E ratio of 30.66x is positive and reflective of a profitable company, LSPD’s negative P/E of -1.88x indicates current losses. More critically, DV’s strong DCF upside of +36.9% contrasts sharply with LSPD’s deeply negative DCF, suggesting that DV’s intrinsic value is significantly higher relative to its current price, offering a clearer path for long-term appreciation based on its robust fundamentals.

For income-focused investors, neither DV nor LSPD are suitable options, as both companies maintain a 0% dividend yield. Both DoubleVerify and Lightspeed Commerce are growth-oriented technology companies that are currently prioritizing reinvestment into their businesses to fuel future expansion rather than distributing earnings as dividends. This is not investment advice; always conduct your own thorough due diligence before making investment decisions.

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