News Summary

Montréal-based Lightspeed Commerce reported impressive financial results for the first quarter of fiscal 2026, surpassing its revenue and gross profit outlooks. The company achieved nearly $305 million USD in revenue and more than $129 million in gross profit, marking a year-over-year growth of 15% and 19% respectively. CEO Dax Dasilva credited the company’s revised go-to-market strategy and product innovations for these strong results. Lightspeed added approximately 1,700 new customer locations, bringing its total to 145,000. Despite a net loss of almost $50 million due to share-based compensation, the company showed a 55% increase in adjusted EBITDA, indicating the effectiveness of its business model. Looking ahead, Lightspeed forecasts continued revenue growth and plans to expand its customer base in key markets. However, potential challenges loom with the impending suspension of the ‘de minimis’ exemption in the US, which could impact cross-border sellers.