Description

Can Lightspeed Commerce Turn 150,000 Customer Locations Into Scalable Profit Growth?

Lightspeed Commerce Inc. reported fiscal 2026 results that reflect progress in its transformation strategy focused on retail in North America and hospitality in Europe. The company achieved total revenue of $291 million and gross profit of $129 million in Q4, representing 15% year-over-year growth in both metrics and surpassing prior guidance. Adjusted EBITDA was $15 million, up 17% year-over-year. Growth engines—which now account for about 75% of total revenue following the divestiture of Upserve—delivered stronger performance with 24% revenue growth, 19% growth in gross transaction volume (GTV), and 11% increase in customer locations. Overall, total customer locations reached 150,000, with notable additions including luxury and hospitality brands across key regions. Strategic priorities include scaling customer locations and growth engines, increasing subscription average revenue per user (ARPU), and improving profitability metrics such as adjusted EBITDA and free cash flow.