Lightspeed Commerce Q1 2026 Earnings Call Highlights

Lightspeed Commerce Inc. reported Q1 2026 earnings with CEO Dax Dasilva, CFO Asha Bakshani, and President J.D. Saint-Martin participating in the call. The company will discuss prepared remarks and open the floor for questions. The call will include forward-looking statements subject to risks and uncertainties, and conclusions, forecasts, and projections.

Lightspeed Commerce Inc. (LSV) reported its Q1 2026 earnings with CEO Dax DeSilva, CFO Asha Pakshanti, and President J.D. Saint-Martin participating in the earnings call. The company discussed its performance against the backdrop of strategic priorities and provided an outlook for the upcoming quarters.

Revenue for the quarter was $5.00 million, up 15% year-over-year, and exceeded the high end of the company's outlook. Gross profit of $129 million increased by 19%, significantly above the expected 13%. Payments penetration reached 41%, up from 36% in the same quarter last year. Adjusted EBITDA came in at $16 million, up 55% year-over-year.

The company added approximately 1,700 net new customer locations in its growth engines, with total growth engine locations up 5% year-over-year. Total locations at the end of the quarter were approximately 145,000, an increase of 5% year-over-year.

Lightspeed's Q1 software revenue grew by 9% year-over-year, while software ARPU increased by 10%. The company's strong outbound sales and vertical brand marketing efforts drove bookings, with outbound-driven bookings more than doubling year-over-year. Notable customer wins included premium streetwear retailer Last Stop, eyewear retailer Shades of Charleston, and high-end fashion brands Neiman Marcus and Bergdorf Goodman.

In hospitality, Lightspeed added several marquee restaurants, including Le Petite Chaise in Paris and DePaul in Amsterdam. The company's AI-powered benchmarks and trends feature, along with mobile tap-on-table side technology, contributed to higher win rates and ARPU expansion.

The company's adjusted EBITDA performance of $16 million increased by 55% year-over-year, demonstrating its ability to invest in growth while improving profitability. Lightspeed continues to deliver strong software gross margins of 81%, reflecting the mission-critical nature of its platform.

Looking ahead, Lightspeed aims to grow customer locations in its core growth engines, expand subscription ARPU, and improve adjusted EBITDA and free cash flow. The company expects to continue its strong performance in Q2 and fiscal 2026, driven by expanding locations, increasing software ARPU, and improving same-store sales.

References:
[1] https://www.marketbeat.com/earnings/reports/2025-7-31-lightspeed-pos-inc-stock/