#Canada #Montreal #financial results #Lightspeed Commerce #Q1 2026

Lightspeed Commerce Unveils Strong Q1 2026 Financial Results

Lightspeed Commerce Inc. has announced its financial results for the first quarter of 2026, showcasing impressive metrics that highlight its growth strategy and operational efficiencies. As a leader in providing comprehensive omnichannel solutions for retail and hospitality businesses across over 100 countries, Lightspeed continues to build on its momentum.

With total revenue of $304.9 million for the quarter, the company achieved a 15% increase compared to the previous year. The growth was propelled by a strong performance in both subscription and transaction-based revenue streams, which saw increases of 9% and 18%, respectively. Dax Dasilva, the company's CEO, attributed this success to the company’s commitment to product innovation and effective go-to-market strategies.

Key Financial Highlights

• - Total revenue: $304.9 million, up 15% YoY.
• - Transaction-based revenue: $204.6 million, up 18% YoY.
• - Subscription revenue: $90.9 million, up 9% YoY.
• - Despite the overall growth, Lightspeed reported a net loss of $49.6 million, or $0.35 per share, exceeding prior year losses.
• - Adjusted EBITDA, a critical measure of operating performance, reached $15.9 million, a significant improvement from $10.2 million year-over-year.

The company also demonstrated operational efficiency by improving its gross margin to 42%, with gross profit rising to $129.1 million, representing a 19% year-over-year increase. These metrics reveal the company’s ability to manage costs effectively while driving revenue growth.

Operational Achievements

In this quarter, Lightspeed expanded its customer base by adding around 1,700 net new Customer Locations, primarily within the retail sectors across North America and hospitality in Europe. The growth in total Customer Locations now stands at approximately 145,000. Furthermore, the gross payment volume (GPV) increased by an impressive 21% year-over-year, reaching $10.2 billion.

The introduction of several innovative product releases during the quarter included enhanced inventory tracking solutions and an AI-powered benchmarking tool for the hospitality sector, aiming to equip businesses with actionable insights to enhance efficiency and customer experiences.

Future Outlook

Lightspeed remains optimistic about its trajectory, expecting revenue growth of 10% to 12% for the fiscal year 2026. The company anticipates a strong second quarter with projected revenue between $305 million and $310 million and aims to continue focusing on expanding its customer base in strategically important markets including retail and hospitality.

With cash reserves of $447.6 million as of June 30, 2025, Lightspeed is well-positioned to invest further in its operations while ensuring continued growth and innovation.

In summary, Lightspeed Commerce’s first quarter results signal robust growth driven by strategic innovations and operational efficiency. As the company looks forward to the remainder of the fiscal year, it is clear that its focus on enhancing customer experiences and expanding its global footprint will be critical in sustaining this momentum. As highlighted by CEO Dax Dasilva, "Lightspeed is winning where it matters."

For more information on Lightspeed Commerce’s performance and their future plans, join their upcoming conference call and watch for announcements during the quarter that discuss ongoing strategies and product innovations.

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For detailed financial data, visit Lightspeed's Investor Relations page.