Lightspeed revenue climbs 15% in Q4 as core portfolio simplifies

Lightspeed Commerce (NYSE:LSPD) reported a 15% year-over-year revenue increase for its fourth fiscal quarter, capping a year marked by a strategic narrowing of its product portfolio and a return to positive adjusted cash generation.

The Montreal-based omnichannel software provider announced that fourth-quarter revenue reached $290.8 million, up from the comparative period in the prior year.

Gross profit for the three months ended March 31, 2026, matched that growth rate, rising 15% to $129.1 million.

For the full fiscal year 2026, total revenue expanded 14% to reach $1.23 billion.

The top-line expansion helped mitigate Lightspeed's bottom-line losses, which have been heavily tied to corporate integration and restructuring measures.

The company reported a full-year net loss of $144.4 million, while full-year adjusted EBITDA finished in positive territory at $72.5 million.

The firm's underlying cash position strengthened over the twelve-month period.

Lightspeed closed out fiscal 2026 with a net cash inflow from operating activities of $55.5 million and recorded an adjusted free cash flow of $18.2 million.

The company maintains significant liquidity, reporting $453.9 million in cash and cash equivalents on its balance sheet.

In tandem with its earnings release, management highlighted the execution of its asset optimization strategy, notably closing the divestiture of its non-core Upserve U.S. hospitality business to Skyview Equity.

The transaction is structured for total cash consideration of up to $81 million, aimed at allowing Lightspeed to double down on its primary growth vectors: North American retail markets and European hospitality accounts.

Looking ahead to fiscal 2027, executive leadership issued an outlook that targets continued structural growth.

The company’s full-year guidance models organic revenue growth between 12% and 15%, alongside an expected adjusted EBITDA expansion to a range of $75 million to $95 million.