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Mar 31
Lightspeed Q4 2025 Earnings Report
Lightspeed reported Q4 2025 results with moderate revenue growth, an improved adjusted EBITDA, and a major net loss driven by a large goodwill impairment.
Key Takeaways
Q4 revenue grew to $253.4M, while a $556.4M goodwill impairment led to a steep net loss. Despite this, adjusted EPS and EBITDA improved YoY, and ARPU increased driven by unified POS and payments adoption.
Reported revenue reached $253.4M, up 10% YoY.
Net loss widened to $575.9M due to a $556.4M non-cash goodwill impairment.
Adjusted EPS rose to $0.10 from $0.06 in the prior year.
ARPU climbed 13% to ~$489, driven by unified POS and payments platform.
Lightspeed
Lightspeed
Lightspeed Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comTransaction-based Revenue
CapyFin.comHardware and Other Revenue
CapyFin.com Forward Guidance
Lightspeed expects Q1 2026 revenue between $285M–$290M, with continued improvement in gross profit and adjusted EBITDA margins. FY26 is guided for 10–12% revenue growth.
Positive Outlook
- Q1 2026 revenue expected to reach up to $290M
- Adjusted EBITDA guided between $14M and $16M for Q1
- FY26 revenue growth forecasted at 10–12%
- Increased investment in product and tech by 35%
- Planned growth of outbound sales team to over 150 reps
Challenges Ahead
- Goodwill impairment reflects broader tech valuation volatility
- Customer Location count flat to slightly down YoY under new definition
- Adjusted Free Cash Flow remained negative at -$9.3M
- Ongoing macroeconomic uncertainty may impact outlook
- Dependency on success in North America and Europe verticals
Revenue & Expenses
Visualization of income flow from segment revenue to net income