Lightspeed reports revenue beat and customer growth, but adjusted earnings miss pressures investor sentiment.
Stock Earnings Results
May 21, 2026
Table of Contents
May 21, 2026
Lightspeed Commerce Inc. (NYSE: LSPD) reported fiscal fourth-quarter 2026 results with revenue above expectations, strong customer location growth, higher transaction revenue, and improved adjusted EBITDA, but shares fell after adjusted earnings missed estimates.
Lightspeed is a commerce technology company that provides point-of-sale, payments, ecommerce, and omnichannel software for retail, golf, and hospitality businesses.
The company reported adjusted EPS of $0.08, below estimates of $0.11, representing a negative 27.3% earnings surprise. Revenue came in at $290.80 million, above estimates of $282.22 million, with revenue growth of 14.7%.
Lightspeed reported fourth-quarter revenue of $290.8 million, up 15% year-over-year.
Revenue came in above the company’s outlook, supported by growth across retail in North America and hospitality in Europe.
Transaction-based revenue rose 17% year-over-year to $185.3 million.
Subscription revenue increased 6% year-over-year to $93.3 million. The stronger transaction revenue growth shows payments and customer activity remained important drivers of the business.
Across retail in North America and hospitality in Europe, Lightspeed reported:
Revenue growth of 24%
GTV growth of 19%
About 3,200 net customer locations added in the quarter
That growth supports management’s view that its multi-year transformation is gaining traction.
Adjusted EBITDA increased to $15.1 million, up from $12.9 million in the prior-year period.
The company also reported adjusted income of $11.5 million, or $0.08 per share, compared with adjusted income of $15.0 million, or $0.10 per share, a year earlier.
Lightspeed reported a net loss of $28.6 million, or $0.20 per share.
That compares with a net loss of $575.9 million, or $3.79 per share, in the prior-year period, which included a large non-cash goodwill impairment charge.
Lightspeed ended the quarter with $453.9 million in cash and cash equivalents.
The company also reported fiscal-year operating cash flow of $55.5 million and adjusted free cash flow of $18.2 million.
Lightspeed’s board authorized the renewal of its normal course issuer bid to repurchase up to about 10% of its public float.
That gives the company another capital return lever as it works to improve profitability and shareholder value.
Investors are likely to watch whether Lightspeed can keep growing while improving earnings quality.
The key areas are:
Lightspeed’s quarter showed solid revenue growth and improving operating momentum, but the earnings miss weighed on sentiment.
The company is adding customer locations, growing GTV, and improving adjusted EBITDA, but investors still want stronger bottom-line performance. The next test is whether Lightspeed can turn its transformation progress into faster earnings growth and sustained free cash flow.
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