#Canada #Montreal #financial results #Lightspeed Commerce #Q3 2026

Lightspeed Commerce Reports Strong Q3 2026 Performance

Lightspeed Commerce Inc., a leading omnichannel platform for retail and hospitality, released its financial results for the third quarter of fiscal 2026, showcasing impressive growth and positive trends across various metrics. The reports reflected the company's strategic advancements and commitment to innovation in its services.

Financial Highlights

For the three months ending December 31, 2025, Lightspeed achieved total revenues of $312.3 million, an increase of 11% from the previous year. Within this, transaction-based revenue rose by 15%, amounting to $209.4 million, while subscription revenue saw a 6% increase to $93.0 million. These results reflect Lightspeed's robust market presence and its effective product offerings tailored to customer needs.

Despite reporting a net loss of $33.6 million, equating to $0.24 per share, the company showed strong signs of operational health, including positive cash flow from operating activities of $28.9 million and adjusted free cash flow of $14.9 million. This indicates that Lightspeed is successfully managing its growth strategies while investing in innovation and customer engagement.

Operational Developments

CEO Dax Dasilva highlighted the company's ongoing transformation, which is fueled by consistent deployment of innovative features such as Lightspeed AI and the new Marketplace experience integrated into its retail platform. These tools empower merchants with advanced analytics and streamlined purchasing processes, enhancing the retail experience. Furthermore, the launch of the Lightspeed Tempo in the restaurant sector showcases a commitment to augmenting customer service and operational efficiencies in hospitality.

During the last quarter alone, approximately 2,600 new customer locations were added, increasing the total to 94,000 locations and indicating Lightspeed's expanding footprint in both North America and Europe. The overall gross transaction volume (GTV) saw positive growth, reaching $25.3 billion, up 8% year-over-year, with a significant portion being processed through Lightspeed’s integrated payment solutions.

Improved Profit Margins

Lightspeed reported improved gross profit margins, which rose to 43% due to effective cost management and operational efficiencies. Gross profit for the quarter reached $133.6 million, up 15% year-over-year. The company’s focus on enhancing software solutions is also reflected in the increased average revenue per user, now approximately $660, which highlights the successful adoption of Lightspeed’s payment and software solutions among its growing customer base.

Strategic Leadership and Future Outlook

In an exciting move, Gabriel Benavides was appointed as Chief Revenue Officer, bringing over two decades of experience to lead revenue generation and expand market reach. The management team remains dedicated to executing its performance-driven strategy, which is expected to yield a positive gross profit compound annual growth rate of 15-18% over the next three years.

Looking ahead, Lightspeed is positioned to maintain robust financial health and announced an upward revision of its fiscal 2026 outlook in response to the strong first three quarters. The company anticipates revenues of approximately $1.216 billion to $1.220 billion, and adjusted EBITDA around $72 million for the fiscal year. This positive outlook reflects confidence in the company's strategic initiatives and the growing demand for its innovative platform.

Conclusion

As Lightspeed Commerce continues to expand and enhance its offerings, the company's focus on technology-driven retail solutions positions it favorably in a competitive market. With a clear roadmap for growth and strong financial underpinnings, Lightspeed is set to capitalize on the ongoing digital transformation within the retail and hospitality sectors. Investors and stakeholders are keenly awaiting the implementation of further innovations that will drive future success.