Core Insights - Lightspeed Commerce Inc. reported total revenue of $1,076.8 million for the fiscal year 2025, marking an 18% increase year-over-year, and $253.4 million for the fourth quarter, a 10% increase year-over-year [1][5] - The company experienced a net loss of $667.2 million for the fiscal year, which included a non-cash goodwill impairment charge of $556.4 million [5][6] - Monthly Average Revenue Per User (ARPU) grew 13% year-over-year to approximately $489, while subscription ARPU increased by 11% [1][7] Financial Performance - Total revenue for the fiscal year was $1,076.8 million, with transaction-based revenue at $697.3 million (up 28% year-over-year) and subscription revenue at $344.8 million (up 7% year-over-year) [5][6] - The gross margin improved to 44%, with gross profit increasing by 12% year-over-year to $111.8 million in the fourth quarter [1][5] - Adjusted EBITDA for the fiscal year was $53.7 million, compared to $1.3 million in the previous year [5][6] Shareholder Returns - The company repurchased approximately 18.7 million shares, representing about 12% of total shares outstanding, for a total of approximately $219 million over the last twelve months [1][5] - The healthy balance sheet and improving cash flow allowed the company to return capital to shareholders while investing strategically in product development [2][5] Strategic Focus - Lightspeed is concentrating on retail customers in North America and hospitality customers in Europe, with plans to grow its outbound sales team to over 150 representatives by the end of Fiscal 2026 [9][10] - The company aims to enhance software revenue and Adjusted EBITDA profitability in Fiscal 2026, with a target gross profit CAGR of approximately 15-18% over the next three years [11][12] Product Development - New product releases included enhancements to the Retail Insights platform, a generative AI web builder, and upgrades to the Kitchen Display System [7][8] - The company is focusing on integrating its POS and payments solutions into a unified platform to drive growth in transaction-based revenue [7][8] Customer Growth - The total Gross Transaction Volume (GTV) processed was $20.6 billion, with a 19% increase in Gross Payment Volume (GPV) to $7.9 billion in the fourth quarter [7][8] - Customer Locations with GTV exceeding $1 million per year grew by 2% year-over-year, while those exceeding $500,000 remained flat [7][8]