Overview
- Lightspeed reported revenue of US$290.8 million with a GAAP net loss of US$28.6 million for the quarter ended March 31.
- The current quarter’s loss is far smaller than the prior-year loss that included a US$556.4 million non‑cash goodwill impairment which made year‑over‑year GAAP comparisons atypical.
- On an adjusted basis the company earned US$0.08 per share compared with US$0.10 per share a year earlier, and management highlighted US$18 million in adjusted free cash flow for fiscal 2026.
- Revenue growth was driven by higher transaction revenue of US$185.3 million, subscription revenue of US$93.3 million, and a rise in hardware and other revenue to US$12.1 million, while software growth cooled to 9% for the quarter.
- Management said it will push location expansion, raise subscription average revenue per user, improve adjusted EBITDA and free cash flow, use AI-driven product work, and focus the business after divesting Upserve to concentrate on core growth engines.