News Summary

Lightspeed Commerce, a Montréal-based point-of-sale and commerce technology company, has concluded its strategic review and announced plans to remain a public company. The company aims to implement a comprehensive transformation plan focusing on growth in North American retail and European hospitality sectors. As part of this plan, Lightspeed intends to buy back up to $400 million USD worth of its shares and increase software and payments penetration. Despite speculation of a potential sale, the board, led by chair Patrick Pichette, unanimously decided that staying public and executing the transformation plan maximizes value for shareholders. The decision comes amid a 16 percent drop in share price following the announcement. During fiscal Q3 2025, Lightspeed reported a net loss of $26.6 million, a reduction from the previous year, and increased its adjusted EBITDA to $16.6 million. The company forecasts revenue growth of 20 percent and adjusted EBITDA of over $53 million for fiscal 2025.