Lightspeed Commerce Inc

Latest Results (09.10.2025):

Lightspeed Commerce Inc. reported robust financial results for the first quarter of 2025, showcasing significant growth in revenue, gross margin, and Gross Payment Volume (GPV). The company exceeded its outlook with a 15% year-over-year increase in total revenue and demonstrated strong operational performance across its retail and hospitality segments.

Total Revenue Growth

In the first quarter of 2025, Lightspeed Commerce Inc. achieved total revenue of $304.9 million, marking a 15% increase compared to the same period last year. This growth surpassed the company’s initial projections, driven by strong performance in both transaction-based and subscription revenue streams.

Improved Gross Margin

The company’s gross margin rose to 42%, up from 41% in the previous year. Gross profit increased by 19% year-over-year, reflecting enhanced cost management and higher-margin sales initiatives.

Expansion of Customer Base

Lightspeed added approximately 1,700 net customer locations, expanding its presence in North American retail and European hospitality sectors. The total number of customer locations grew to around 145,000, indicating sustained year-over-year growth.

Increased Gross Payment Volume (GPV)

GPV grew by 21% year-over-year to reach $10.2 billion, with GPV accounting for 41% of the Gross Transaction Volume (GTV) of $24.6 billion. This growth underscores the increasing adoption of Lightspeed’s payment solutions.

Strong Adjusted EBITDA and Cash Flow

Adjusted EBITDA rose to $15.9 million from $10.2 million in the same quarter last year, demonstrating improved operational leverage. Additionally, cash flows from operating activities turned positive at $12.4 million, compared to a negative $14.2 million in the prior year.

Financial Outlook

Looking ahead to the second quarter of 2026, Lightspeed anticipates revenue between $305 million and $310 million, with gross profit growth of approximately 14% and Adjusted EBITDA ranging from $17 million to $19 million. For the full fiscal year 2026, the company projects revenue growth of 10% to 12% and adjusted EBITDA between $68 million and $72 million.