News Summary

Montréal-based Lightspeed Commerce has exceeded $1 billion USD in annual revenue for the first time during fiscal 2025, marking a significant milestone in its transformation journey. Despite this achievement, the company reported a net loss of $576 million in fiscal Q4, primarily due to a goodwill impairment charge. The company is focusing on profitability and operational efficiency, having conducted a strategic review and refocused on its strongest markets—North American retailers and European hospitality providers. Lightspeed posted nearly $54 million in adjusted EBITDA, a substantial increase from the previous year, while planning to invest more in product development and expand its sales team. CEO Dax Dasilva emphasized the firm’s commitment to profitable growth and a shift from revenue chasing to enhancing gross profit and adjusted EBITDA. The company aims to focus on software revenue growth over the next three years.