Lightspeed Announces Second Quarter 2025 Financial Results and Raises Adjusted EBITDA Outlook for Fiscal 2025

Financial Performance - Total revenue of $277.2 million grew 20$29.7) million, and positive Adjusted EBITDA of $14.0 million exceeded the outlook of$12 million [1] - Monthly ARPU grew 24% year-over-year to ~$527 [1] - Gross profit increased by 19$114.3 million [1] - The company raised its Fiscal 2025 Adjusted EBITDA outlook to a minimum of $50 million from$45 million [1][7] Operational Highlights - Lightspeed delivered several new product releases, including Retail Insights globally, Multi-Location Ordering, and Instant Payouts expansion to the UK [4] - ARPU increased to ~$527 from ~$425, representing a 24% increase driven by the unified POS and payments offering [4] - Gross profit increased 19% year-over-year to $114.3 million, with a gross margin of 41$23.6 billion [4] - GPV increased 49% to $8.8 billion in the quarter, driven by the unified POS and payments initiative [4] Strategic Initiatives - The company is focusing on expanding payments adoption and controlling costs, which has resulted in record Adjusted EBITDA and positive Adjusted Free Cash Flow [2] - Lightspeed is prioritizing efforts in retail in North America and hospitality in Europe, where it has a proven competitive position [2] - The company is increasing its outbound teams and implementing targeted price increases to improve subscription revenue growth rates [8] Customer and Market Growth - Customer Locations with GTV exceeding$500,000/year and $1 million/year increased by 1$280 million to $285 million and Adjusted EBITDA of approximately$14 million [9] - For Fiscal 2025, the company expects revenue growth of at least 20% and Adjusted EBITDA of a minimum of $50 million [10]