Lightspeed Commerce (LSPD) Q2 2027 earnings summary

Executive summary

• Q2 revenue was $323.8M, up 15% organically and 2% as reported; gross profit was $142.8M, up 11% organically.

• North American retail and European hospitality growth engines delivered 17% revenue growth, 14% subscription revenue growth and 14% GTV growth.

• Adjusted EBITDA was $22.7M and net loss narrowed to $4.2M from $32.7M; FY27 guidance was maintained.

Financial highlights

• Transaction-based revenue was $213.9M, up 17% organically and down 1% as reported; subscription revenue was $97.8M, up 9% organically and 5% as reported.

• Gross profit was $142.8M, up 11% organically and 6% as reported; reported gross margin was 44.1% versus 42.4%.

• Adjusted EBITDA was $22.7M versus $21.3M; net loss was $4.2M ($0.03/share) versus $32.7M ($0.24/share).

• Adjusted Income was $22.6M ($0.17/share) versus $22.2M ($0.16/share).

• Operating activities used $7.5M versus providing $25.5M; Adjusted Free Cash Flow was $4.0M versus $18.0M.

Outlook and guidance

• FY27 outlook maintained: revenue $1.225B–$1.265B, organic growth 12%–15%; gross profit $565M–$585M, organic growth 12%–16%; Adjusted EBITDA $75M–$95M.

• Q3 FY27 outlook: revenue $310M–$320M and gross profit $141M–$146M, each with 11%–15% organic growth; Adjusted EBITDA $25M–$30M.

• FY27 Adjusted Free Cash Flow expected to grow significantly over FY26's $18.2M; FY28 target remains $95M.

• FY28 targets include gross margin of ~43%–46%, Adjusted EBITDA of ~20% of gross profit, and 10%–15% three-year CAGR in growth-engine Customer Locations.