Lightspeed Commerce (LSPD) Company Report

Lightspeed Commerce Inc. announced the appointment of Gabriel Benavides as Chief Revenue Officer (CRO) on November 13, 2025, to accelerate profitable growth and expand software and payments ARPU globally.
Benavides brings over 20 years of international go-to-market leadership, including helping Medallia scale to a $6 billion market valuation and increasing its annual revenue by approximately 10x.
Additionally, President JD Saint-Martin will step down after six years with the company, remaining until March 31, 2026, for a smooth transition.
The company noted it has delivered two consecutive quarters of exceeding revenue and gross profit outlook.

Nov 13, 2025, 12:06 PM

6-K

Lightspeed Appoints Gabriel Benavides as Chief Revenue Officer

LSPD

Management Change

Hiring

Revenue Acceleration/Inflection

Lightspeed Commerce Inc. has appointed Gabriel Benavides as Chief Revenue Officer (CRO), effective November 13, 2025.
Benavides brings over 20 years of international go-to-market leadership, having previously served as CRO at Contentsquare and Executive Vice President and CRO at Medallia, where he helped increase annual revenue approximately 10x and achieve a $6 billion market valuation.
As CRO, Benavides will oversee global revenue generation, aligning sales, customer success, marketing, and channel partnerships to drive stronger go-to-market execution and accelerate outbound performance.
This appointment aligns with Lightspeed's strategy for sustained, profitable expansion and follows two consecutive quarters of exceeding revenue and gross profit outlook.
President JD Saint-Martin will step down after six years with the company, remaining until March 31, 2026, to ensure a smooth transition.

Nov 13, 2025, 12:00 PM

Press Release

Lightspeed Reports Strong Q2 2026 Results, Raises Full-Year Outlook

LSPD

Earnings

Guidance Update

Product Launch

Lightspeed reported a strong Q2 2026, with revenues, gross profit, and adjusted EBITDA coming in above outlook. The company delivered $21 million in adjusted EBITDA, a 53% year-over-year increase, and achieved $18 million in positive free cash flow, up significantly from $1.6 million in the same quarter last year.
Total revenue grew 15%, driven by a 9% year-over-year increase in software revenue to $93.5 million and a 17% year-over-year increase in transaction-based revenue to $215.8 million. Software ARPU also increased 10%.
The company's strategic focus on North American retail and European hospitality growth engines is yielding results, with customer locations in these segments up 7% year-over-year and GTV up 15% year-over-year. Outbound bookings in these engines nearly tripled year-over-year.
Lightspeed is raising its fiscal year 2026 outlook, now expecting revenue growth of at least 12% year-over-year, gross profit growth of at least 15% year-over-year, and adjusted EBITDA of at least $70 million. The company also expects to generate break-even or better adjusted free cash flow for the full fiscal year.
The company ended Q2 with approximately $463 million in cash and has approximately $200 million remaining under its share repurchase authorization, which contributed to a 10% reduction in total shares outstanding year-over-year.

Nov 6, 2025, 1:00 PM

Transcript

Lightspeed Commerce Inc. Reports Q2 2026 Financial Results with Revenue Growth and Improved Operating Cash Flow

LSPD

Earnings

Revenue Acceleration/Inflection

Share Buyback

Lightspeed Commerce Inc. reported total revenues of $318,963 thousand for the three months ended September 30, 2025, marking a 15.1% increase year-over-year, primarily driven by a 17% rise in transaction-based revenue and a 9% increase in subscription revenue.
Despite a net loss of $(32,700) thousand for the quarter, the company's Adjusted EBITDA grew to $21,339 thousand and Adjusted Income increased to $22,218 thousand for the three months ended September 30, 2025.
Cash flows from operating activities showed significant improvement, turning positive at $25,541 thousand for the three months ended September 30, 2025, compared to a negative $(11,311) thousand in the prior year period.
The company engaged in substantial share repurchases, spending $86,238 thousand on shares repurchased and cancelled and $30,208 thousand on shares repurchased for the settlement of non-treasury RSUs during the six months ended September 30, 2025.

Nov 6, 2025, 12:25 PM

6-K

Lightspeed Announces Strong Q2 2026 Financial Results and Raises Fiscal 2026 Outlook

LSPD

Earnings

Guidance Update

Revenue Acceleration/Inflection

Lightspeed Commerce Inc. reported Q2 2026 revenue of $319.0 million, an increase of 15% year-over-year, and gross profit of $135.2 million, up 18% year-over-year.
The company achieved Adjusted EBITDA of $21.3 million and Adjusted Free Cash Flow of $18.0 million for Q2 2026.
Lightspeed raised its Fiscal 2026 outlook, projecting full-year revenue growth of at least 12% year-over-year, gross profit growth of at least 15% year-over-year, and Adjusted EBITDA of at least $70 million.
Key operational metrics for Q2 2026 include approximately 146,000 total Customer Locations and a 15% increase in Total ARPU to ~$685.

Nov 6, 2025, 12:18 PM

6-K

Lightspeed Commerce Announces Strong Q2 2026 Results and Raises Fiscal 2026 Outlook

LSPD

Earnings

Guidance Update

Revenue Acceleration/Inflection

Lightspeed Commerce reported strong Q2 2026 financial results, with revenue of $319.0 million, a 15% year-over-year increase, and gross profit of $135.2 million, an 18% year-over-year increase, both exceeding outlook.
The company achieved positive cash flow from operating activities of $25.5 million and Adjusted Free Cash Flow of $18.0 million in Q2 2026, significantly up from $1.6 million a year ago.
Adjusted EBITDA for Q2 2026 reached $21.3 million, an increase from $14.0 million in the prior year.
Due to outperformance, Lightspeed raised its financial outlook for Fiscal 2026, now projecting revenue growth of at least 12% year-over-year, gross profit growth of at least 15% year-over-year, and Adjusted EBITDA of at least $70 million.

Nov 6, 2025, 12:00 PM

Press Release

Lightspeed announces Q2 product innovations

LSPD

Product Launch

New Projects/Investments

Lightspeed Commerce Inc. announced a broad suite of Q2 product innovations across its retail, hospitality, and golf segments on October 28, 2025.
Key retail innovations include AI-powered tools such as AI Showroom for online presence, a Generative AI web builder now available to all retail merchants, and AI-generated product descriptions.
For hospitality, new features include an Integration Hub for third-party tools, enhanced Hospitality Benchmarks and Trends, and the expansion of Lightspeed Capital to Switzerland.
A new Business Intelligence tool was also launched, built specifically for Golf merchants.

Oct 28, 2025, 12:00 PM

Press Release

Lightspeed Announces Q1 Product Innovations

LSPD

Product Launch

New Projects/Investments

Lightspeed Commerce Inc. announced significant new product advancements across its retail, hospitality, and golf solutions during its first fiscal quarter.
In retail, innovations include NuORDER's "Order Trends," which has led to an approximate 10% increase in average order value for early adopters, and enhanced inventory tracking with Lightspeed Insights, resulting in a 25.4% higher GMROI for retailers using it.
For hospitality, Lightspeed launched AI-powered Benchmarks and Trends in Europe and upgraded Lightspeed Tableside with a new Mobile Tap device for faster service in the UK, Netherlands, and Belgium.
In golf, Lightspeed partnered with Whoosh as its Preferred Membership Management Partner, integrating its cloud-based point-of-sale, payments, and membership management technology.

Jul 15, 2025, 12:00 PM

Press Release

Lightspeed Commerce Inc. Announces Annual Shareholder Meeting and Fiscal 2025 Financials

LSPD

Earnings

Executive Compensation

Proxy Vote Outcomes

Lightspeed Commerce Inc. will hold its annual meeting of shareholders virtually on July 31, 2025, where shareholders will vote on the election of 7 directors, the appointment of PricewaterhouseCoopers LLP as auditors, and an advisory vote on executive compensation. As of June 25, 2025, there were 137,751,637 subordinate voting shares issued and outstanding.
For Fiscal 2025, Lightspeed achieved total revenue of $1,076.8 million, crossing the $1 billion annual revenue threshold for the first time. The company also improved its Adjusted EBITDA to $53.69 million in Fiscal 2025 from $1.265 million in Fiscal 2024.
Short-term incentive compensation payouts for Fiscal 2025 were approximately 94.55% of target eligibility for Named Executive Officers (excluding the CEO) and 99.55% for the CEO. CEO Dax Dasilva's base salary increased to $500,000 as of February 15, 2025, after voluntarily assuming a C$1 salary for his first year in the role.
The following table provides key financial metrics for Lightspeed Commerce Inc. for the fiscal years ended March 31, 2025, and March 31, 2024:

Metric	FY 2024	FY 2025
Revenue ($USD Millions)	N/A	$1,076.8
Net Loss ($USD Thousands)	($163,964)	($667,196)
Adjusted EBITDA ($USD Thousands)	$1,265	$53,687
Cash Flows Used in Operating Activities ($USD Thousands)	($97,667)	($32,762)
Adjusted Free Cash Flow ($USD Thousands)	($64,505)	($11,166)

Jun 27, 2025, 12:00 AM

6-K

Lightspeed Commerce Settles Quebec Class Action

LSPD

Legal Proceedings

Lightspeed Commerce reached an agreement in principle to settle the proposed Quebec securities class action, fully resolving and discharging all claims without any admission of liability, pending Superior Court approval .
The settlement amount is approximately $8.09 million USD (C$11 million), with conversion based on the Bank of Canada rate on June 13, 2025 .
The settlement follows the dismissal of a parallel U.S. securities class action, where the court found no legal basis for the allegations .
CEO Dax Dasilva noted that the resolution will enable Lightspeed to focus on strategic growth and long-term profitability .

Jun 17, 2025, 12:00 AM

Press Release 6-K

Filings & Transcripts

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