Earnings

Lightspeed Announces Third Quarter 2026 Financial Results and Raises Fiscal 2026 Outlook

By The Northwire Desk — AI Analysis Feb 05, 2026 · 07:00 LSPD · 13.77 LIGHTSPEED COMMERCE INC. SV

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Lightspeed reported Q3 2026 revenue of $312.3 M, up 11% YoY, with gross profit margin improving to 43% (15% YoY increase).
Adjusted EBITDA rose to $20.2 M (up from $16.6 M) and Adjusted Free Cash Flow was $14.9 M, while net loss widened to $(33.6) M ($0.24 per share).
The company raised its FY 2026 outlook: revenue $1,216‑$1,220 M, gross profit $523‑$525 M, and Adjusted EBITDA $72 M; Q4 2026 guidance also provided.

Revenue Breakdown (Q3):
Transaction‑based revenue: $209.4 M (+15% YoY)
Subscription revenue: $93.0 M (+6% YoY)
Profitability:
Gross profit: $133.6 M (+15% YoY)
Gross margin: 43% (up from 41%)
Subscription gross margin: 82% (up from 79%)
Loss & Adjusted Metrics:
Net loss: $(33.6) M, or $(0.24) per share (vs $(26.6) M YoY)
Adjusted Income: $20.2 M (up from $18.5 M) – $0.15 per share
Adjusted EBITDA: $20.2 M (up from $16.6 M)
Cash Position: Cash & cash equivalents at period end: $479.0 M.
Operational Highlights:
Added ~2,600 net Customer Locations in the quarter; total locations ≈148,000 (≈9% YoY growth).
ARPU increased 11% to ~$660.
GTV = $25.3 B (up 8% YoY); GPV = $10.5 B (up 19%).
Product Releases: Lightspeed AI, Marketplace experience, Tap‑to‑Pay on Android, Smart terminals, Lightspeed Tempo, Tasks, Reservations, and expansion of Mobile Tap to France, Germany & Switzerland.
Strategic Appointment: Gabriel Benavides named Chief Revenue Officer.
Financial Outlook (FY 2026):
Revenue: $1,216‑$1,220 M
Gross profit: $523‑$525 M
Adjusted EBITDA: ≈ $72 M (target)
Expectation of positive Adjusted Free Cash Flow.
Q4 2026 Guidance: Revenue $280‑$284 M, gross profit $125‑$127 M, Adjusted EBITDA ~$15 M.

“Lightspeed's transformation continued to deliver results this quarter with both Customer Locations and GTV growing at an accelerated pace,” – Dax Dasilva, Founder & CEO
“We delivered strong results, continued to improve our already healthy balance sheet, and expanded Adjusted EBITDA while investing behind our growth engines,” – Asha Bakshani, CFO

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