Lightspeed reports Q2 revenue up from year ago, raises full-year guidance

An employee works at Lightspeed Commerce in Montreal, Thursday, Jan. 18, 2024. (Christinne Muschi/The Canadian Press)

MONTREAL — Lightspeed Commerce Inc. raised its financial guidance for its full year as it reported a loss of US$32.7 million for its latest quarter and revenue growth of 15 per cent compared with year ago.

The company, which keeps its books in U.S. dollars, says the loss amounted to 24 cents US per diluted share for the quarter ended Sept. 30 compared with a loss of US$29.7 million or 19 cents US per diluted share in the same quarter last year.

On an adjusted basis, Lightspeed says it earned a profit of 16 cents US per share in its latest quarter compared an adjusted profit of 13 cents US per share a year ago.

Revenue for what was the company’s second quarter totalled US$319 million, up from US$277.2 million.

In its outlook for its 2026 financial year, Lightspeed says it now expects year-over-year revenue growth of at least 12 per cent compared with earlier expectations for about 10 to 12 per cent.

Its expectations for gross profit growth was also raised to at least 15 per cent on a year-over-year basis, compared with earlier guidance for about 14 per cent. Adjusted earnings before interest, taxes, depreciation and amortization are now expected to be at least US$70 million compared with earlier expectations for US$68 million to US$72 million.

This report by The Canadian Press was first published Nov. 6, 2025.