Lightspeed Commerce Inc., the unified omnichannel platform powering ambitious retail and hospitality businesses in over 100 countries, announced Thursday financial results for the three months ended June 30, 2025 indicating a net loss of $49.6 million despite increased revenue of 15% year-over-year.
“Lightspeed is winning where it matters — we added high-quality locations, increased ARPU, and delivered solid top-line growth with expanded margins,” said Dax Dasilva, Founder and CEO.
“We’re seeing strong impact from our product innovation and go-to-market execution, and our focused strategy is gaining traction and delivering profitable growth”.
“Lightspeed had a great start to the year with revenue and gross profit exceeding our previously-established outlook,” said Asha Bakshani, CFO. “Our strong Adjusted EBITDA growth is evidence of the leverage we are seeing in our business model as well as our relentless operating efficiency, allowing us to invest in our business while also delivering higher profitability.”
First Quarter Financial Highlights
(All comparisons are relative to the three-month period ended June 30, 2024 unless otherwise stated):
- Total revenue of $304.9 million, an increase of 15% year-over-year.
- Transaction-based revenue of $204.6 million, an increase of 18% year-over-year.
- Subscription revenue of $90.9 million, an increase of 9% year-over-year.
- Net loss of ($49.6) million, or ($0.35) per share, as compared to a net loss of ($35.0) million, or ($0.23) per share. After adjusting for certain items, such as share-based compensation, the Company delivered Adjusted Income of $7.9 million, or $0.06 per share, as compared to Adjusted Income of $16.1 million, or $0.10 per share.
- Adjusted EBITDA of $15.9 million versus Adjusted EBITDA of $10.2 million.
- Cash flows from operating activities of $12.4 million as compared to cash flows used in operating activities of ($14.2) million, and Adjusted Free Cash Flow used of ($1.7) million as compared to Adjusted Free Cash Flow used of ($3.0) million.
- As at June 30, 2025, Lightspeed had $447.6 million in cash and cash equivalents.
“Lightspeed remains confident in its ability to execute its strategy of focusing on retail customers in North America and hospitality customers in Europe and expects to increase Customer Locations within these growth engines while focusing on retaining revenue in its other markets,” said the company which was founded in Montreal in 2005.
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