Lightspeed announces first quarter fiscal 2027 financial results
Revenue reached $322.7 million with 17% organic growth, gross profit $138.6 million, and GPV at 44% of GTV; ~$86 million shares repurchased.
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Point of sale and commerce software company
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In short: Lightspeed reported Q1 fiscal 2027 revenue growth of 17% and narrowed its net loss while divesting its Upserve unit to sharpen focus.
Revenue reached $322.7 million with 17% organic growth, gross profit $138.6 million, and GPV at 44% of GTV; ~$86 million shares repurchased.
Revenue reached $290.8M in Q4, up 15% YoY, with adjusted EBITDA of $15.1M and a renewed share buyback program.
Singh, former Okta CTO, joins as the company accelerates AI roadmap; new capabilities include Faire integration, AI OCR inventory entry, and mobile tap in Quebec.
The $81 million deal includes a $37 million earnout, about 3,200 customer locations, and 70 employees, sharpening focus on North America retail and Europe hospitality.
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CEO claims Lightspeed has been "winning where it matters" after revising GTM strategy. Montréal-based Lightspeed Commerce posted nearly $305 million USD in revenue and more...
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