Lightspeed Commerce (LSPD) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for Lightspeed Commerce.

Q3 2026

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Analyst Coverage

Research analysts who have asked questions during Lightspeed Commerce earnings calls.

Dominic Ball

Redburn Atlantic

6 questions for LSPD

Also covers: FOUR, SHOP, TOST

Josh Baer

Morgan Stanley

6 questions for LSPD

Also covers: ASAN, BIGC, BOX +16 more

Thanos Moschopoulos

BMO Capital Markets

6 questions for LSPD

Also covers: CLS, GIB, OTEX

Trevor Williams

Jefferies LLC

6 questions for LSPD

Also covers: ACIW, CPAY, FIS +8 more

Daniel Perlin

RBC Capital Markets

5 questions for LSPD

Also covers: AFRM, BR, FLYW +9 more

Raimo Lenschow

Barclays

5 questions for LSPD

Also covers: APPN, BASE, BIGC +35 more

Koji Ikeda

Bank of America

4 questions for LSPD

Also covers: ADSK, AMPL, BL +20 more

Tien-tsin Huang

JPMorgan Chase & Co.

4 questions for LSPD

Also covers: ACN, ADP, ALIT +23 more

Timothy Chiodo

UBS Group AG

4 questions for LSPD

Also covers: AFRM, AVDX, CHYM +16 more

Andrew Bauch

Wells Fargo & Company

3 questions for LSPD

Also covers: AFRM, AVDX, FLYW +9 more

Martin Toner

ATB Capital Markets

3 questions for LSPD

Also covers: BITF, DCBO, GLXY +3 more

Andrew Harte

BTIG, LLC

2 questions for LSPD

Also covers: BILL, EXOD, FOUR +5 more

John Shao

TD Cowen

2 questions for LSPD

Also covers: CLS

Matt Coad

Truist Securities

2 questions for LSPD

Also covers: AFRM, DLO, FIS +1 more

Richard Tse

National Bank Financial

2 questions for LSPD

Also covers: DCBO, GIB, NVEI +2 more

Todd Coupland

CIBC

2 questions for LSPD

Also covers: BB, CLS, RBRK +1 more

Daniel Chan

TD Cowen

1 question for LSPD

Also covers: BB, CLS, DCBO +1 more

James Burns

National Bank Financial

1 question for LSPD

Kevin Krishnaratne

Scotiabank

1 question for LSPD

Also covers: DCBO, DSGX, EGLXF +4 more

Mike Stevens

National Bank Financial

1 question for LSPD

Suthan Sukumar

Stifel Financial Corp.

1 question for LSPD

Also covers: DCBO, GIB, SANG +1 more

Thomas Ingham

CIBC

1 question for LSPD

Also covers: BB, CLS, NVEI +2 more

Yanxin Wang

JPMorgan Chase & Co.

1 question for LSPD

Latest news

Recent press releases and 8-K filings for LSPD.

Lightspeed Reports Strong Q3 2026 Results and Raises Fiscal Year Guidance

LSPD

Earnings

Guidance Update

Management Change

Lightspeed reported strong Q3 2026 results, with revenue of $312.3 million and Adjusted EBITDA of $20.2 million, both exceeding outlook. The company achieved its second consecutive quarter of positive Free Cash Flow at $50 million and expects positive Free Cash Flow for the full fiscal year.
The strategic focus on North America Retail and European Hospitality growth engines drove 21% year-over-year revenue growth and a 9% year-over-year increase in customer locations, adding approximately 2,600 net new locations. Total customer locations reached approximately 148,000.
Software gross margins improved to 82% from 79% a year ago, considered sustainable above 80%. Total monthly ARPU increased 11% year-over-year to $660.
Lightspeed raised its guidance for fiscal Q4 2026 and the full fiscal year 2026. For Q4, revenue is expected between $280 million and $284 million, and Adjusted EBITDA at $50 million. For FY 2026, revenue is projected between $1.216 billion and $1.22 billion, and Adjusted EBITDA at $72 million.
The company ended Q3 with $479 million in cash. Gabriel Benavides was appointed Chief Revenue Officer, and J.D. Saint-Martin will step down as President in March.

1 day ago

Transcript

Lightspeed Reports Strong Q3 2026 Results, Exceeding Outlook and Raising Guidance

LSPD

Earnings

Guidance Update

Revenue Acceleration/Inflection

Lightspeed reported Q3 2026 total revenue of $312.3 million, an 11% year-over-year increase, exceeding its outlook. Adjusted EBITDA grew 22% year-over-year to $20.2 million, and the company achieved $15 million in positive free cash flow for the second consecutive quarter.
The company's focus on North America Retail and European Hospitality (growth engines) drove 21% year-over-year revenue growth and added approximately 2,600 net new customer locations, resulting in a 9% year-over-year increase in ending location count to approximately 148,000.
Total gross profit increased 15% year-over-year, with a total gross margin of 43% (up from 41% last year). Software gross margins were 82%, and transaction-based gross margins improved to 31%.
Lightspeed raised its guidance for Q4 2026, expecting revenue of $280 million-$284 million and Adjusted EBITDA of approximately $50 million. For fiscal year 2026, revenue is projected at $1.216 billion-$1.22 billion and Adjusted EBITDA at approximately $72 million.

1 day ago

Transcript

Lightspeed Reports Strong Q3 2026 Results with Double-Digit Revenue Growth and Positive Free Cash Flow

LSPD

Earnings

Revenue Acceleration/Inflection

Share Buyback

Lightspeed reported strong Q3 2026 financial results, with total revenue increasing 11% to $312.3 million and adjusted EBITDA growing 22% to $20.2 million, both exceeding outlook.
The company achieved its second consecutive quarter of positive free cash flow, reaching $50 million in Q3 2026, and anticipates generating positive free cash flow for the full fiscal year.
Strategic focus on North America retail and European hospitality growth engines yielded 21% year-over-year revenue growth and a 9% year-over-year increase in customer locations, adding approximately 2,600 net new locations.
Software gross margins improved to 82% (up from 79% last year) due to cost efficiencies and AI deployment, while total shares outstanding decreased 10% year-over-year following $179 million in share repurchases.

1 day ago

Transcript

Lightspeed Commerce Inc. Reports Q3 2026 Financial Results

LSPD

Earnings

Revenue Acceleration/Inflection

Lightspeed Commerce Inc. reported total revenues of $312,346 thousand for the three months ended December 31, 2025, marking an 11.5% increase year-over-year. For the nine months ended December 31, 2025, total revenues grew 13.7% to $936,251 thousand.
The company recorded a net loss of $(33,578) thousand for the three months ended December 31, 2025, with a net loss per share of $(0.24). The net loss for the nine months ended December 31, 2025, was $(115,845) thousand, or $(0.83) per share.
Adjusted EBITDA reached $20,178 thousand for the three months ended December 31, 2025, and $57,393 thousand for the nine months ended December 31, 2025. Adjusted Income per Share was $0.15 for the quarter and $0.36 for the nine-month period.
Gross profit increased by 15% to $133,577 thousand for the three months ended December 31, 2025, with the gross profit margin improving from 41% to 43% compared to the prior year period.
Cash flows from operating activities for the nine months ended December 31, 2025, were $66.8 million, a significant improvement from cash flows used in operating activities of $22.8 million in the prior year period.

1 day ago

6-K

Lightspeed Commerce Inc. Announces Q3 2026 Financial Results and Raises Fiscal 2026 Outlook

LSPD

Earnings

Guidance Update

Revenue Acceleration/Inflection

Lightspeed Commerce Inc. reported Q3 2026 revenue of $312.3 million, an 11% increase year-over-year, and gross profit of $133.6 million, up 15% year-over-year.
For Q3 2026, the company recorded a net loss of ($33.6) million or ($0.24) per share, while Adjusted Income was $20.2 million or $0.15 per share, and Adjusted EBITDA reached $20.2 million.
Operational highlights for Q3 2026 include the addition of ~2,600 net Customer Locations, bringing the total to ~148,000, and a Gross Transaction Volume (GTV) of $25.3 billion, an 8% increase year-over-year.
The company raised its Fiscal 2026 outlook, now expecting full-year revenue between $1,216 million and $1,220 million, gross profit between $523 million and $525 million, and Adjusted EBITDA of approximately $72 million, with an expectation of positive Free Cash Flow.

1 day ago

6-K

Lightspeed Announces Strong Q3 Fiscal 2026 Results and Raises Full-Year Outlook

LSPD

Earnings

Guidance Update

Revenue Acceleration/Inflection

Lightspeed reported Q3 Fiscal 2026 revenue of $312.3 million, an 11% increase year-over-year, exceeding its outlook, with gross profit of $133.6 million (up 15% year-over-year) and Adjusted EBITDA of $20.2 million for the three months ended December 31, 2025.
The company generated positive cash flow from operating activities of $28.9 million and Adjusted Free Cash Flow of $14.9 million in the quarter.
Lightspeed raised its full-year Fiscal 2026 outlook, now projecting revenue of $1,216 million to $1,220 million, gross profit of $523 million to $525 million, and Adjusted EBITDA of $72 million.
Key growth engines in retail (North America) and hospitality (Europe) saw 21% year-over-year revenue growth and 16% GTV growth, adding approximately 2,600 net Customer Locations in the quarter.

1 day ago

Press Release

Lightspeed Appoints Chief Revenue Officer and Announces President's Departure

LSPD

Management Change

Hiring

Revenue Acceleration/Inflection

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.