Lightspeed Commerce Inc., the unified omnichannel platform powering ambitious retail, golf, and hospitality businesses in over 100 countries, announced on Thursday its financial results for the three months and fiscal year ended March 31, 2026, showing a net loss for the year of $144.4 million, or $1.04 per share, as compared to a net loss of $667.2 million, or $4.34 per share the previous year.
“Year one of our multi-year transformation was a resounding success with both Customer Location growth and GTV accelerating every quarter during the year,” said Dax Dasilva, Founder and CEO. “Throughout this transformation, Lightspeed continued to invest in the capabilities that matter most to the businesses we serve, distinguishing the platform as the go-to solution for our complex retail and hospitality customers.”
“In Fiscal 2026, Lightspeed delivered significant operational and financial progress, marked by expanding margins and positive Adjusted Free Cash Flow,” said Asha Bakshani, CFO. “Backed by a strong balance sheet and improving profitability, we remain focused on driving long-term shareholder value, including through the renewal of our normal course issuer bid.”
Fourth Quarter Financial Highlights
(All comparisons are relative to the three-month period ended March 31, 2025 unless otherwise stated):
- Total revenue of $290.8 million, an increase of 15% year-over-year.
- Transaction-based revenue of $185.3 million, an increase of 17% year-over-year.
- Subscription revenue of $93.3 million, an increase of 6% year-over-year.
- Net loss of ($28.6) million, or ($0.20) per share, as compared to a net loss of ($575.9) million, or ($3.79) per share. Net loss in the comparable period includes a non-cash goodwill impairment charge of ($556.4) million. After adjusting for certain items, such as share-based compensation, the Company delivered Adjusted Income of $11.5 million, or $0.08 per share1 as compared to Adjusted Income of $15.0 million, or $0.10 per share.
- Adjusted EBITDA of $15.1 million up from Adjusted EBITDA of $12.9 million.
- Cash flows used in operating activities of ($11.4) million as compared to cash flows used in operating activities of ($9.9) million, and Adjusted Free Cash Flow used of ($13.0) million as compared to Adjusted Free Cash Flow used of ($9.3) million.
- As at March 31, 2026, Lightspeed had $453.9 million in cash and cash equivalents.
Full Fiscal Year Financial Highlights
(All comparisons are relative to the full fiscal year ended March 31, 2025 unless otherwise stated):
- Cash flows from operating activities of $55.5 million as compared to cash flows used in operating activities of ($32.8) million, and Adjusted Free Cash Flow of $18.2 million as compared to Adjusted Free Cash Flow used of ($11.2) million;
- Total revenue of $1,227.0 million, an increase of 14% year-over-year;
- Transaction-based revenue of $815.1 million, an increase of 17% year-over-year;
- Subscription revenue of $370.7 million, an increase of 8% year-over-year;
- Net loss of ($144.4) million, or ($1.04) per share, as compared to a net loss of ($667.2) million, or ($4.34) per share. Net loss in the comparable period includes a non-cash goodwill impairment charge of ($556.4) million. After adjusting for certain items, such as share-based compensation, the Company delivered an Adjusted Income of $61.9 million, or $0.44 per share as compared to an Adjusted Income of $69.5 million or $0.45 per share;
- Adjusted EBITDA of $72.5 million up from Adjusted EBITDA of $53.7 million.
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