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Dec 31, 2025
Lightspeed Q3 2026 Earnings Report
Lightspeed reported strong third quarter 2026 financial results, exceeding revenue outlook and demonstrating improved profitability and cash flow.
Key Takeaways
Lightspeed announced robust financial results for the third quarter of fiscal year 2026, with total revenue reaching $312.3 million, an 11% increase year-over-year, surpassing expectations. The company achieved a gross profit of $133.6 million, up 15% year-over-year, with gross profit margins improving to 43%. Adjusted EBITDA stood at $20.2 million, and the company generated positive cash flow from operating activities of $28.9 million, alongside an Adjusted Free Cash Flow of $14.9 million. Customer Locations in key growth engines increased by approximately 2,600, and total GTV grew by 8% year-over-year.
Total revenue increased by 11% year-over-year to $312.3 million, exceeding the company's outlook.
Gross profit improved to $133.6 million, a 15% year-over-year increase, with gross profit margins reaching 43%.
Adjusted EBITDA grew to $20.2 million, up from $16.6 million in the prior year.
The company generated positive cash flow from operating activities of $28.9 million and Adjusted Free Cash Flow of $14.9 million.
Revenue by Segment
Forward Guidance
Lightspeed is raising its full year revenue, gross profit, and Adjusted EBITDA outlook for Fiscal 2026 due to strong outperformance in the first nine months. The company expects to generate positive Free Cash Flow in Fiscal 2026.
Positive Outlook
- Full year revenue for Fiscal 2026 is projected to be between $1,216 million and $1,220 million.
- Gross profit for Fiscal 2026 is expected to be between $523 million and $525 million.
- Adjusted EBITDA for Fiscal 2026 is anticipated to be approximately $72 million.
- The company expects to generate positive Free Cash Flow in Fiscal 2026.
- Fourth Quarter 2026 revenue is projected between $280 million and $284 million.
Challenges Ahead
- The financial outlook is subject to various macroeconomic factors, including inflation, tariffs, interest rates, and consumer spending trends.
- Potential impacts from geopolitical instability, military conflicts, and foreign policy shifts could affect results.
- Risks related to the company's ability to attract and retain high GTV customers and increase customer sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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