Core Viewpoint - Lightspeed Commerce Inc. reported quarterly earnings of $0.10 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.06 per share a year ago [1] - The company has consistently surpassed consensus EPS estimates, achieving this three times in the last four quarters [1] Financial Performance - Lightspeed POS generated revenues of $253.42 million for the quarter ended March 2025, exceeding the Zacks Consensus Estimate by 0.82% and up from $230.22 million year-over-year [2] - The company has also topped consensus revenue estimates three times over the last four quarters [2] Stock Performance - Lightspeed POS shares have declined approximately 29.3% since the beginning of the year, contrasting with the S&P 500's decline of only -0.6% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $283.93 million, and for the current fiscal year, it is $0.55 on revenues of $1.17 billion [7] - The estimate revisions trend for Lightspeed POS is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which Lightspeed POS belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

[Financial and Operational Highlights](index=1&type=section&id=Financial%20and%20Operational%20Highlights) This section details Lightspeed's financial performance for Q4 and full fiscal year 2025, alongside key operational achievements and metric revisions [Fourth Quarter Financial Highlights](index=1&type=section&id=Fourth%20Quarter%20Financial%20Highlights) In the fourth quarter of fiscal 2025, Lightspeed's total revenue grew 10% year-over-year to $253.4 million, driven by a 14% increase in transaction-based revenue. The company reported a significant net loss of ($575.9) million, primarily due to a ($556.4) million non-cash goodwill impairment charge. However, Adjusted EBITDA improved to $12.9 million from $4.4 million in the prior year, and Adjusted Income rose to $15.0 million Q4 FY2025 Financial Performance (vs. Q4 FY2024) | Metric | Q4 FY2025 | Q4 FY2024 | Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | $253.4M | $230.2M | +10% | | Subscription Revenue | $87.9M | $81.3M | +8% | | Transaction-based Revenue | $157.8M | $139.0M | +14% | | **Net Loss** | ($575.9M) | ($32.5M) | - | | *includes Goodwill Impairment* | *($556.4M)* | *$0* | - | | **Adjusted EBITDA** | $12.9M | $4.4M | +193% | | **Adjusted Income** | $15.0M | $8.5M | +76% | | **Adjusted Income per Share** | $0.10 | $0.06 | +67% | | **Cash at End of Period** | $558.5M | - | - | [Full Fiscal Year Financial Highlights](index=1&type=section&id=Full%20Fiscal%20Year%20Financial%20Highlights) For the full fiscal year 2025, Lightspeed achieved a milestone by exceeding $1 billion in revenue for the first time, with total revenue reaching $1,076.8 million, an 18% increase year-over-year. Similar to the fourth quarter, the full-year net loss was substantial at ($667.2) million due to the goodwill impairment. Adjusted EBITDA saw a significant turnaround, reaching $53.7 million compared to just $1.3 million in fiscal 2024 Full Fiscal Year 2025 Financial Performance (vs. FY2024) | Metric | FY2025 | FY2024 | Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | $1,076.8M | $909.3M | +18% | | Subscription Revenue | $344.8M | $322.0M | +7% | | Transaction-based Revenue | $697.3M | $545.5M | +28% | | **Net Loss** | ($667.2M) | ($164.0M) | - | | *includes Goodwill Impairment* | *($556.4M)* | *$0* | - | | **Adjusted EBITDA** | $53.7M | $1.3M | +4031% | | **Adjusted Income** | $69.5M | $24.5M | +183% | | **Adjusted Income per Share** | $0.45 | $0.16 | +181% | [Fourth Quarter Operational Highlights](index=2&type=section&id=Fourth%20Quarter%20Operational%20Highlights) Operationally, the fourth quarter saw key product enhancements, including a generative AI web builder and improved kitchen display systems. ARPU grew 13% to ~$489, driven by unified POS and payments adoption. Gross Payment Volume (GPV) increased 19% to $7.9 billion. The company also announced a change in how it defines and counts 'Customer Locations', which will increase reported ARPU going forward - Key product releases included a generative AI web builder, PO Sync for NuORDER, omni gift cards, and enhancements to the Kitchen Display System[7](index=7&type=chunk) Q4 FY2025 Key Performance Indicators (YoY) | KPI | Q4 FY2025 | Q4 FY2024 | Change | | :--- | :--- | :--- | :--- | | **ARPU** | ~$489 | ~$431 | +13% | | **Total GTV** | $20.6B | $20.7B | - | | **GPV** | $7.9B | $6.6B | +19% | | **Gross Profit** | $111.8M | $99.7M | +12% | | **Gross Margin** | 44% | 43% | +1 ppt | | Subscription Gross Margin | 81% | 77% | +4 ppts | - The company is revising its definition of a 'Customer Location' to treat POS and eCommerce solutions as a single omnichannel product. This changes the total count from **~162,000** to **~144,000** as of March 31, 2025, and increases the monthly ARPU from **~$489** to **~$545**[7](index=7&type=chunk)[8](index=8&type=chunk) - Over the last twelve months, Lightspeed repurchased **~18.7 million shares** (**~12%** of shares outstanding) for **~$219 million**[1](index=1&type=chunk)[10](index=10&type=chunk) [Financial Outlook](index=3&type=section&id=Financial%20Outlook) This section outlines Lightspeed's strategic investments and financial guidance for fiscal year 2026 [Fiscal 2026 Strategy and Investments](index=3&type=section&id=Fiscal%202026%20Strategy%20and%20Investments) For fiscal 2026, Lightspeed plans to significantly increase investments to drive growth. The company will expand its outbound sales team to over 150 representatives and boost product and technology development investment by over 35%. These initiatives are aimed at increasing customer locations in its core markets (retail in North America, hospitality in Europe) and expanding software revenue, with benefits expected to materialize in the latter half of the year - The company plans to grow its outbound sales team to **over 150 representatives** by the end of Fiscal 2026[9](index=9&type=chunk) - Investment in product and technology development will increase by **over 35%** in Fiscal 2026[9](index=9&type=chunk)[11](index=11&type=chunk) - The strategic focus remains on retail customers in North America and hospitality customers in Europe[11](index=11&type=chunk) [Fiscal 2026 Guidance](index=4&type=section&id=Fiscal%202026%20Guidance) Lightspeed provided its financial outlook for the first quarter and full fiscal year of 2026. For the full year, the company expects revenue growth of 10-12% and Adjusted EBITDA between $68 million and $72 million. The outlook is consistent with the three-year targets for gross profit and Adjusted EBITDA CAGR presented at its Capital Markets Day Financial Outlook for Fiscal 2026 | Metric | Q1 2026 Outlook | Full Year 2026 Outlook | | :--- | :--- | :--- | | **Revenue** | $285M - $290M | Approx. 10% - 12% growth | | **Gross Profit Growth** | Approx. 13% | Approx. 14% | | **Adjusted EBITDA** | $14M - $16M | $68M - $72M | - The outlook aligns with the three-year target gross profit CAGR of **15-18%** and Adjusted EBITDA CAGR of **approximately 35%**[12](index=12&type=chunk) [Outlook Assumptions and Forward-Looking Statements](index=5&type=section&id=Outlook%20Assumptions%20and%20Forward-Looking%20Statements) This section details key assumptions for Lightspeed's financial outlook and long-term targets [Financial Outlook Assumptions](index=5&type=section&id=Financial%20Outlook%20Assumptions) The company's financial outlook is based on several key assumptions, including stable macroeconomic conditions, continued customer adoption of its unified POS and payments platform, and success in its growth strategy focused on retail in North America and hospitality in Europe. It also accounts for risks such as inflation, interest rate changes, consumer spending trends, and geopolitical instability - Assumes continued uptake of unified POS and payments solutions and successful pricing strategies[18](index=18&type=chunk) - Relies on the ability to attract and retain key personnel, especially outbound sales staff, and manage customer churn[18](index=18&type=chunk) - Acknowledges risks from macroeconomic factors (inflation, interest rates), geopolitical events (wars in Ukraine and Israel-Hamas), and exchange rate fluctuations[18](index=18&type=chunk) [Long-Term Financial Outlook](index=6&type=section&id=Long-Term%20Financial%20Outlook) Lightspeed's long-term targets are built on assumptions of sustained growth in its core markets, with a projected 10-15% CAGR in customer locations in its two growth engines through fiscal 2028. The outlook also assumes continued ARPU growth, operating efficiencies, and a gross margin range of 42-45% over time, while acknowledging significant investment requirements and market risks - Targets a three-year Customer Location CAGR of **~10-15%** between fiscal 2025 and 2028 in its retail (North America) and hospitality (Europe) growth engines[23](index=23&type=chunk) - Expects gross margin to be within a range of **~42-45%** over time[23](index=23&type=chunk) - Plans for **over $50 million** in incremental investment in its product and technology roadmap in Fiscal 2026[23](index=23&type=chunk) [Company Overview and Performance Metrics](index=8&type=section&id=Company%20Overview%20and%20Performance%20Metrics) This section defines Lightspeed's non-IFRS financial measures and key performance indicators [Non-IFRS Measures and Ratios](index=9&type=section&id=Non-IFRS%20Measures%20and%20Ratios) The company uses several non-IFRS measures like Adjusted EBITDA, Adjusted Income, and Adjusted Free Cash Flow to provide a clearer view of its core operating performance by excluding items such as share-based compensation, goodwill impairment, and amortization. These supplemental metrics are used by management to facilitate period-to-period comparisons and are believed to be useful for investors - Non-IFRS measures are used to supplement IFRS results and highlight underlying business trends[27](index=27&type=chunk) - Key non-IFRS measures include **Adjusted EBITDA**, **Adjusted Income**, and **Adjusted Free Cash Flow**[27](index=27&type=chunk) - **Adjusted EBITDA** excludes items like interest, taxes, D&A, share-based compensation, and goodwill impairment to show core operating performance[28](index=28&type=chunk) [Key Performance Indicators](index=11&type=section&id=Key%20Performance%20Indicators) Lightspeed tracks key performance indicators (KPIs) to evaluate its business, including Average Revenue Per User (ARPU), Customer Locations, Gross Payment Volume (GPV), and Gross Transaction Volume (GTV). A significant change was announced for the 'Customer Location' metric; starting after March 31, 2025, physical and eCommerce sites for a single customer will be counted as one location, reflecting the unified omnichannel product strategy - Key KPIs are **ARPU**, **Customer Locations**, **GPV** (payments processed by Lightspeed), and **GTV** (total transactions on the platform)[49](index=49&type=chunk)[51](index=51&type=chunk)[54](index=54&type=chunk)[55](index=55&type=chunk) - The definition of 'Customer Location' is being updated. Previously, a customer with a physical store and an e-commerce site counted as two locations. Prospectively, this will be counted as a single location[52](index=52&type=chunk)[53](index=53&type=chunk) [Financial Statements](index=17&type=section&id=Financial%20Statements) This section presents Lightspeed's condensed consolidated financial statements for the fiscal year ended March 31, 2025 [Condensed Consolidated Statements of Loss and Comprehensive Loss](index=17&type=section&id=Condensed%20Consolidated%20Statements%20of%20Loss%20and%20Comprehensive%20Loss) For the fiscal year ended March 31, 2025, total revenues increased by 18% to $1.077 billion. However, the company recorded a net loss of ($667.2) million, a significant increase from the ($164.0) million loss in the prior year. This was driven by a ($556.4) million goodwill impairment charge and total operating expenses of $1.146 billion Fiscal Year Ended March 31 (in thousands of US dollars) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | **Total Revenues** | $1,076,826 | $909,270 | | **Gross Profit** | $450,205 | $385,250 | | **Goodwill Impairment** | ($556,440) | $0 | | **Operating Loss** | ($696,007) | ($203,019) | | **Net Loss** | ($667,196) | ($163,964) | | **Net Loss per Share** | ($4.34) | ($1.07) | [Condensed Consolidated Balance Sheets](index=18&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2025, Lightspeed's total assets stood at $1.826 billion, down from $2.575 billion the previous year. The decrease was primarily due to a reduction in Goodwill from $1.349 billion to $798 million following the impairment charge. Cash and cash equivalents also decreased to $558.5 million from $722.1 million. Total liabilities remained relatively stable at $162.2 million Assets and Liabilities as of March 31 (in thousands of US dollars) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $558,469 | $722,102 | | **Goodwill** | $797,962 | $1,349,235 | | **Total Assets** | $1,826,203 | $2,575,154 | | **Total Liabilities** | $162,236 | $162,753 | | **Total Shareholders' Equity** | $1,663,967 | $2,412,401 | [Condensed Consolidated Statements of Cash Flows](index=19&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For fiscal year 2025, cash used in operating activities was ($32.8) million, a significant improvement from ($97.7) million in the prior year. Investing activities provided $8.0 million in cash, while financing activities used ($138.7) million, largely due to ($132.3) million spent on share repurchases. This resulted in a net decrease in cash of ($163.6) million for the year Cash Flows for Fiscal Year Ended March 31 (in thousands of US dollars) | Line Item | 2025 | 2024 | | :--- | :--- | :--- | | **Cash flows used in operating activities** | ($32,762) | ($97,667) | | **Cash flows from investing activities** | $8,042 | $25,950 | | **Cash flows used in financing activities** | ($138,676) | ($6,226) | | *Shares repurchased and cancelled* | *($132,317)* | *$0* | | **Net decrease in cash** | ($163,633) | ($78,052) | | **Cash at end of year** | $558,469 | $722,102 | [Reconciliation of IFRS to Non-IFRS Measures and KPI Details](index=20&type=section&id=Reconciliation%20of%20IFRS%20to%20Non-IFRS%20Measures%20and%20KPI%20Details) This section provides detailed reconciliations of IFRS to non-IFRS financial measures and customer location metrics [Adjusted EBITDA and Adjusted Income Reconciliation](index=20&type=section&id=Adjusted%20EBITDA%20and%20Adjusted%20Income%20Reconciliation) The reconciliation from Net Loss to Adjusted EBITDA and Adjusted Income highlights the impact of non-cash and non-operational expenses. For fiscal year 2025, the Net Loss of ($667.2) million was adjusted for major items including a $556.4 million goodwill impairment, $101.0 million in depreciation & amortization, and $56.6 million in share-based compensation, resulting in an Adjusted EBITDA of $53.7 million and Adjusted Income of $69.5 million FY2025 Reconciliation from Net Loss (in thousands of US dollars) | Metric | Amount | | :--- | :--- | | **Net Loss** | **($667,196)** | | Goodwill Impairment | +$556,440 | | Depreciation and Amortization | +$100,991 | | Share-based Compensation | +$56,578 | | Other Adjustments | +$23,372 | | Net Interest Income | -$36,498 | | **Adjusted EBITDA** | **$53,687** | [Customer Locations Reconciliation](index=26&type=section&id=Customer%20Locations%20Reconciliation) The company provided a reconciliation to illustrate the impact of its updated 'Customer Location' definition. Under the previous definition, locations were ~162,000 with an ARPU of ~$489 as of March 31, 2025. Under the new, revised definition which consolidates physical and e-commerce sites, the number of locations is ~144,000, which increases the calculated ARPU to ~$545 Customer Location and ARPU Reconciliation (as of March 31, 2025) | Metric | Previous Definition | Revised Definition | | :--- | :--- | :--- | | **Customer Locations** | ~162,000 | ~144,000 | | **Average Revenue Per User (ARPU)** | ~$489 | ~$545 |

Total revenue in the year of $1,076.8 million, an increase of 18% year-over-yearTotal revenue in the quarter of $253.4 million, grew 10% year-over-year Gross margin improved to 44%, with gross profit increasing 12% year-over-yearMonthly ARPU1 grew 13% year-over-year to ~$489 while subscription ARPU1 grew 11%Repurchased ~18.7 million shares, or ~12% of total shares outstanding, for proceeds of ~$219 million in last 12 months2Lightspeed reports in US dollars and in accordance with IFRS Accounting Standards.MO ...

"Lightspeed just entered its 20th year in business, and we wouldn't be where we are today without a dedicated commitment to providing product innovation that supports our customers' growth ambitions," said Dax Dasilva, Founder and Chief Executive Officer of Lightspeed. "Retailers and restaurants around the globe are facing complex challenges to their business, and it's our goal to help those customers better understand their operations, their customers and their opportunities for growth." Lightspeed's Q4 in ...

Lightspeed Commerce Inc. (LSPD) ended the recent trading session at $9.72, demonstrating a -0.82% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.63%. On the other hand, the Dow registered a gain of 0.21%, and the technology-centric Nasdaq increased by 1.52%.Shares of the company witnessed a gain of 8.29% over the previous month, beating the performance of the Computer and Technology sector with its gain of 1.66% and the S&P 500's loss of 0.7%. ...

New SuiteApp for retail point of sale meets Oracle NetSuite SuiteCloud Platform development standards and best practices MONTREAL, April 16, 2025 /PRNewswire/ - Lightspeed Commerce Inc. (NYSE: LSPD) (TSX: LSPD), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today announced that its Lightspeed Retail SuiteApp has achieved the 'Built for NetSuite' status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations further simpli ...

The latest trading session saw Lightspeed Commerce Inc. (LSPD) ending at $9.13, denoting a +0.22% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.79%. At the same time, the Dow added 0.78%, and the tech-heavy Nasdaq gained 0.64%.Prior to today's trading, shares of the company had lost 15.49% over the past month. This has lagged the Computer and Technology sector's loss of 4.81% and the S&P 500's loss of 3.56% in that time.Market participants will be cl ...

Core Insights - Lightspeed has introduced a Seasonality Forecasting model that enhances demand prediction for retailers by analyzing year-over-year trends, allowing for smarter purchasing decisions and reducing stockouts during peak periods [1][3] - The new model has reportedly led to an increase of approximately $13,000 in gross profit for merchants utilizing Lightspeed Insights, based on typical inventory values [1][7] - Lightspeed's Seasonality Forecasting is integrated directly into its POS platform, eliminating the need for third-party integrations or manual data analysis, thus positioning Lightspeed as a leader in retail innovation [2][5] Inventory Management Enhancements - Retailers face significant challenges in inventory planning, with Lightspeed's tools addressing issues such as inaccurate forecasting, stockouts, and overstocking [3][7] - The implementation of Sales Visualizations allows merchants to dynamically view sales trends through interactive graphs, simplifying complex data and enabling better performance tracking [3][5] - Merchants using Lightspeed Insights experience approximately 26% fewer days out of stock for top-selling items, which can enhance sales by ensuring high-demand products are restocked more quickly [7][10] Product Visibility and Insights - Lightspeed is enhancing the NuORDER's Order Trends feature, providing retail buyers with insights into top-performing products, categories, sizes, and colors, which is now available to U.S.-based NuORDER customers [4][5] - The overall enhancements empower buyers with trend-based insights, helping them stock in-demand products effectively, thereby driving sales and reducing waste [5][6] Geographic Availability - The new Lightspeed Insights features are now available to all Lightspeed Retail merchants across North America, Europe, and beyond, facilitating better inventory planning and increased profitability [5][11]

Company Performance - Lightspeed Commerce Inc. (LSPD) ended the latest trading session at $7.97, reflecting a +1.4% change from the previous close, outperforming the S&P 500's daily loss of 0.23% [1] - Over the past month, shares of Lightspeed have decreased by 31.11%, which is significantly worse than the Computer and Technology sector's loss of 16.18% and the S&P 500's loss of 12.13% [1] Upcoming Earnings - Lightspeed Commerce Inc. is projected to report earnings of $0.10 per share, indicating a year-over-year growth of 66.67% [2] - The consensus estimate for revenue is $253.66 million, representing a 10.18% increase compared to the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Lightspeed Commerce Inc. are important as they reflect the evolving nature of near-term business trends, with positive revisions seen as a favorable sign for the company's outlook [3] Valuation Metrics - Lightspeed Commerce Inc. has a Forward P/E ratio of 14.47, which is lower than the industry average of 23.71, suggesting that the company is trading at a discount [6] - The company currently has a PEG ratio of 0.26, compared to the Internet - Software industry's average PEG ratio of 1.77, indicating a more favorable growth valuation [7] Industry Ranking - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 82, placing it in the top 34% of over 250 industries [7] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks within the industry, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]

Core Insights - Lightspeed has introduced PO Sync, an enhancement within Lightspeed NuORDER, allowing retailers to automate order replenishments directly from their POS platform, streamlining a traditionally manual process [1][3] - The Lightspeed NuORDER network connects over 4,000 brands with more than 100,000 retailers, transforming wholesale commerce into a more efficient, data-driven partnership [2][11] - The integration of PO Sync with Lightspeed's POS system enables real-time inventory tracking and automated ordering, reducing errors and improving stock management [7][9] Retailer Benefits - Retailers utilizing Order Recommendations have experienced a 26% reduction in days out of stock, with PO Sync facilitating direct application of these insights to replenishment orders [5][4] - The new brand partner types, Connect and Catalog, allow retailers to manage catalogs and ordering more effectively, leading to increased brand consistency and faster reorders [6][11] - Retailers like Treadz Shoes have reported significant efficiency gains, with about 50% of their suppliers on Lightspeed NuORDER, reducing human error in order processing [9][8] Operational Efficiency - The integration of wholesale purchasing and inventory management into a single system allows businesses to focus on growth rather than back-end operations, enhancing overall workflow efficiency [7][10] - Accurate catalog management ensures retailers have access to the latest product information, improving product and brand discovery [16] - Insight-driven reorders leverage smart analytics to optimize restocking decisions based on sales trends and inventory performance [16]