Lightspeed Commerce Inc., the unified omnichannel platform powering retail and hospitality businesses in over 100 countries, announced Thursday its financial results for the three and nine months ended December 31, 2025, indicating revenue grew by 11% compared to last year but a net loss of $33.6 million.
“Lightspeed’s transformation continued to deliver results this quarter with both Customer Locations and GTV growing at an accelerated pace,” said Dax Dasilva, Founder and CEO in a news release. “Our consistent delivery of new, highly innovative features such as Lightspeed AI, Marketplace within NuORDER by Lightspeed and Lightspeed Tempo, along with disciplined go-to-market execution, is driving momentum across our growth engines.”
“This quarter again demonstrates disciplined execution against the framework we laid out at Capital Markets Day,” said Asha Bakshani, CFO. “We delivered strong results, continued to improve our already healthy balance sheet, and expanded Adjusted EBITDA while investing behind our growth engines. This is exactly how we intend to execute our transformation – with focus, predictability, and profitability.”
Third Quarter Financial Highlights
- Total revenue of $312.3 million, an increase of 11% year-over-year.
- Transaction-based revenue of $209.4 million, an increase of 15% year-over-year.
- Subscription revenue of $93.0 million, an increase of 6% year-over-year.
- Net loss of ($33.6) million, or ($0.24) per share, as compared to a net loss of ($26.6) million, or ($0.17) per share. After adjusting for certain items, such as share-based compensation, the Company delivered Adjusted Income of $20.2 million, or $0.15 per share, as compared to Adjusted Income of $18.5 million, or $0.12 per share.
- Adjusted EBITDA of $20.2 million up from Adjusted EBITDA of $16.6 million.
- Cash flows from operating activities of $28.9 million as compared to cash flows from operating activities of $2.7 million, and Adjusted Free Cash Flow of $14.9 million as compared to Adjusted Free Cash Flow used of ($0.5) million.
- As at December 31, 2025, Lightspeed had $479.0 million in cash and cash equivalents.
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