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Lightspeed Commerce (LSPD) investor relations material
Lightspeed Commerce Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Nov, 2025
Executive summary
Revenue reached $319.0 million, up 15% year-over-year, surpassing guidance and driven by strong growth in North American retail and European hospitality.
Gross profit increased 18% year-over-year to $135.2 million, with gross margin improving to 42%.
Adjusted EBITDA rose to $21.3 million, up 53% year-over-year, and Adjusted Free Cash Flow surged to $18.0 million from $1.6 million.
Net loss for the quarter was $32.7 million, or $0.24 per share, while Adjusted Income improved to $22.2 million, or $0.16 per share.
Added 2,000 new customer locations in key growth segments, with notable wins across retail, hospitality, and golf.
Financial highlights
Transaction-based revenue grew 17% year-over-year to $215.8 million; subscription/software revenue rose 9% to $93.5 million.
Gross Payment Volume (GPV) was $10.8 billion, up 22% year-over-year; Gross Transaction Volume (GTV) reached $25.3 billion.
ARPU increased 15% year-over-year to ~$685; subscription ARPU up 10%.
Approximately 97% of revenue was recurring or reoccurring from subscriptions and transactions.
Cash and cash equivalents stood at $462.5 million as of September 30, 2025.
Outlook and guidance
Q3 2026 revenue guidance: $309–$312 million; gross profit growth of at least 15% year-over-year; Adjusted EBITDA of $18–$20 million.
Fiscal 2026 outlook: at least 12% revenue growth, 15% gross profit growth, and Adjusted EBITDA of at least $70 million.
Targeting a three-year gross profit CAGR of 15–18% and Adjusted EBITDA CAGR of 35%.
Long-term targets include gross margin of 42–45% and Adjusted EBITDA reaching ~20% of gross profit by fiscal 2028.
Company expects to generate break-even or better Free Cash Flow in fiscal 2026.
What's driving growth engine GPV/GTV ratio increase?
How will FY26 tech investment impact cash flow?
What's the monetization strategy for new AI tools?
Outbound sales rep hiring plans for next year
Monetization strategy for Lightspeed AI assistant
Investment priorities impacting EBITDA flexibility
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Next Lightspeed Commerce earnings date
Q3 20265 Feb, 2026
Next Lightspeed Commerce earnings date
Q3 20265 Feb, 2026
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Frequently asked questions
Lightspeed Commerce Inc. provides commerce enabling Software as a Service platform for small and midsize businesses, retailers, restaurants, and golf course operators in Canada, the United States, Germany, Australia, and internationally. Its platform offers capabilities to grow online sales; manage inventory; process orders and payments; create loyalty programs; manage marketing campaigns; track products through a distribution landscape through warehouse management system; and view real-time business analytics. The company was founded in 2005 and is headquartered in Montréal, Canada
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