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

Core Insights - Lightspeed Commerce Inc. reported a total revenue of $312.3 million for the quarter, exceeding expectations with an 11% year-over-year increase [5] - The company achieved a gross profit margin of 43%, reflecting a 15% increase in gross profit compared to the previous year [5] - Positive cash flow from operating activities was reported at $28.9 million, with Adjusted Free Cash Flow of $14.9 million [5] Financial Performance - Total revenue reached $312.3 million, up 11% year-over-year, with transaction-based revenue increasing by 15% to $209.4 million and subscription revenue rising by 6% to $93.0 million [5] - The net loss for the quarter was ($33.6) million, or ($0.24) per share, compared to a net loss of ($26.6) million, or ($0.17) per share in the previous year [5] - Adjusted Income was reported at $20.2 million, or $0.15 per share, an increase from $18.5 million, or $0.12 per share [5] - Adjusted EBITDA improved to $20.2 million from $16.6 million [5] Operational Highlights - The company added approximately 2,600 net Customer Locations during the quarter, bringing the total to around 148,000, which is a 9% increase year-over-year [6] - Gross Transaction Volume (GTV) was reported at $25.3 billion, an 8% increase year-over-year, with Gross Payment Volume (GPV) rising by 19% to $10.5 billion [6] - The average revenue per user (ARPU) increased by 11% to approximately $660, driven by the adoption of payment solutions and new software modules [6] Product Development - Key product releases included Lightspeed AI, which features new conversational assistants to help merchants make informed decisions [4] - The company launched Lightspeed Tempo for hospitality, enhancing operational efficiency for restaurant management [6] Strategic Outlook - Lightspeed raised its full-year revenue, gross profit, and Adjusted EBITDA outlook due to strong performance in the first nine months of the fiscal year [7] - The company aims for a gross profit CAGR of approximately 15-18% and an Adjusted EBITDA CAGR of approximately 35% over the next three years [7]