Lightspeed Commerce (NYSE:LSPD) Releases Earnings Results

Lightspeed Commerce (NYSE:LSPD) posted its quarterly earnings results on Thursday. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02, Briefing.com reports. The business had revenue of $312.35 million during the quarter, compared to analyst estimates of $311.28 million. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share.

Here are the key takeaways from Lightspeed Commerce’s conference call:

• Strong quarter and upgraded outlook: management reported $312.3M revenue, $20.2M Adjusted EBITDA (+22%), reiterated positive free cash flow (second consecutive quarter) and raised Q4 and FY2026 guidance (Q4 revenue ~$280–284M; FY revenue ~$1.216–1.22B; Q4 adj. EBITDA ~$50M; FY adj. EBITDA ~$72M).
• Growth engines accelerating: North America Retail and Europe Hospitality (now ~two‑thirds of revenue) grew 21% YoY and added ~2,600 net new locations—the fastest location growth since the transformation—with a 150‑rep outbound sales force fully hired to scale acquisition.
• Product/AI-driven ARPU strategy: launched Lightspeed AI, Marketplace (wholesale), Tempo, Reservations and Tasks plus deeper payments/wholesale integration; management says proprietary payments and wholesale data will drive module attachment and higher ARPU.
• Hardware margin headwind: management is using strategic discounts and free payment terminals to win customers, which pushed hardware gross margins down and could persist (company cited hardware margin ranges around -50% to -60% depending on new business mix).
• Healthy balance sheet and capital allocation optionality: cash of ~$479M, ~$200M remaining on buyback authority after $179M repurchased last 12 months (shares outstanding down ~10% YoY), and plans to prudently grow the high‑margin merchant cash advance business (≈$106M outstanding).

Lightspeed Commerce Price Performance

Shares of LSPD stock traded down $0.06 on Friday, reaching $9.26. The company’s stock had a trading volume of 1,465,774 shares, compared to its average volume of 890,622. The stock’s fifty day simple moving average is $11.64 and its 200-day simple moving average is $11.94. Lightspeed Commerce has a 1 year low of $7.34 and a 1 year high of $14.34. The company has a current ratio of 4.66, a quick ratio of 4.58 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -2.03, a price-to-earnings-growth ratio of 13.60 and a beta of 2.07.

Hedge Funds Weigh In On Lightspeed Commerce

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in shares of Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after buying an additional 1,295,469 shares in the last quarter. Bank of America Corp DE increased its stake in Lightspeed Commerce by 5.2% during the third quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock worth $22,766,000 after acquiring an additional 97,183 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Lightspeed Commerce by 0.5% during the third quarter. Ameriprise Financial Inc. now owns 1,948,620 shares of the company’s stock worth $22,507,000 after acquiring an additional 9,503 shares during the last quarter. Bank of Montreal Can raised its position in Lightspeed Commerce by 3.9% during the third quarter. Bank of Montreal Can now owns 1,839,750 shares of the company’s stock valued at $21,239,000 after purchasing an additional 69,018 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Lightspeed Commerce by 22.1% in the 3rd quarter. Marshall Wace LLP now owns 466,574 shares of the company’s stock valued at $5,389,000 after purchasing an additional 84,557 shares during the last quarter. 68.68% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lightspeed Commerce

Here are the key news stories impacting Lightspeed Commerce this week:

• Positive Sentiment: Q3 beat and revenue growth — Lightspeed reported $0.15 EPS (above consensus) and revenue of $312.3M, up ~11% Y/Y, driven by transaction growth and payments adoption; this demonstrates ongoing top-line momentum. Article Title
• Positive Sentiment: Profitability and cash-flow improvements — Management reported gross margin expansion to ~43%, positive operating cash flow of $28.9M and adjusted free cash flow of $14.9M, which support a path to improved unit economics. Article Title
• Positive Sentiment: Customer and GTV traction — Lightspeed added ~2,600 net customer locations and saw double-digit growth in key segments (retail NA, hospitality EU), supporting future recurring revenue and payment volume. Article Title
• Neutral Sentiment: Analyst price-target adjustments — BTIG and RBC lowered price targets (BTIG to $15; RBC to $13) but retained buy/outperform stances, leaving meaningful upside implied but at reduced valuations. Article Title Article Title
• Negative Sentiment: Mixed market reception and continued net losses — Coverage and press noted a “cool” investor reception despite the beat; the company still shows a negative net margin and reported a quarterly loss in headline coverage, which keeps sentiment cautious. Article Title
• Negative Sentiment: Analyst consensus is mixed — MarketBeat/aggregators show an average “Hold” from analysts (majority hold or neutral ratings), indicating limited near-term conviction from the street. Article Title

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays lowered their price objective on Lightspeed Commerce from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Royal Bank Of Canada lowered their price target on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating on the stock in a report on Friday. National Bankshares dropped their price target on Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Thursday, January 22nd. Finally, TD Securities raised shares of Lightspeed Commerce to a “hold” rating in a report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lightspeed Commerce has an average rating of “Hold” and a consensus target price of $13.47.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.