News Summary

Montréal-based Lightspeed Commerce has achieved a major milestone by surpassing $1 billion USD in annual revenue for the first time in fiscal 2025, concluding on March 31. This achievement comes amidst a strategic transformation plan that included restructuring and a focus on its core markets: North American retailers and European hospitality providers. The company posted nearly $54 million in adjusted EBITDA, reflecting significant profitability growth from just over $1 million the previous year. Despite the revenue success, Lightspeed reported a net loss of $667 million, primarily due to a goodwill writedown triggered by a weak share price. To address these challenges, Lightspeed announced a $400-million share buyback and plans to execute a full transformation plan while remaining a public company. CFO Asha Bakshani emphasized the firm’s healthy balance sheet, bolstered by $559 million in cash, and conservative fiscal 2026 guidance amidst ongoing macroeconomic headwinds.