Lightspeed (LSPD) Q4 2026 Earnings Transcript

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DATE

May 21, 2026

CALL PARTICIPANTS

• Chief Executive Officer — Dax Dasilva

• Chief Financial Officer — Asha Bakshani

• Chief Revenue Officer — Gabriel Benavides

• Chief Strategy and Transformation Officer — Leslie Martin

• Chief Technology Officer — Bhawna Singh

• Head of Investor Relations — Gus Papageorgiou

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Full Conference Call Transcript

Dax Dasilva: Good morning, everyone, and convey you for joining us. Fiscal 2026 was a pivotal twelvemonth for Lightspeed. We pursued a disciplined strategy and focused our enactment connected the 2 areas wherever we person a proven close to win, retail successful North America and hospitality successful Europe. Results contiguous amusement unequivocally, the strategy is working. Lightspeed delivered gross and gross nett maturation up of expectations and gained momentum successful the important areas, lawsuit determination and GTV growth. In Q4, we delivered different beardown 4th with full gross of $291 cardinal and gross nett of $129 million, some up 15% year-over-year and coming successful up of our antecedently established outlook. Adjusted EBITDA of $15 cardinal was up 17% year-over-year.

Our show was bolstered by the spot of our maturation engines, wherever we saw full gross up 24%, GTV up 19% and locations up 11%. After the divestment of Upserve, our maturation engines present comprise astir 75% of full revenues, and we expect them to turn towards 80% during the people of fiscal 2027. Our accomplishments for fiscal 2026 were connected way to conscionable the 3-year targets we initially presented astatine our Capital Markets Day successful March of past year. In the archetypal twelvemonth of our transformation, we delivered the pursuing results comparative to our CMD commitments. Gross nett maturation of 17% versus a people 3-year CAGR of 15% to 18%.

The gross borderline of 43% versus a people gross borderline of 42% to 45%. Adjusted EBITDA maturation of 35%, successful enactment with our people 3-year CAGR. 24% gross nett maturation successful our maturation engines versus a people 3-year CAGR of 20% to 25% and 11% lawsuit determination maturation wrong our maturation engines versus a people 3-year CAGR of 10% to 15%. Underpinning these targets are 3 priorities that volition thrust semipermanent worth astatine Lightspeed. These are: one, increasing lawsuit locations successful our maturation engines; two, expanding subscription ARPU; and three, improving adjusted EBITDA and escaped currency flow. In Q4, we proceed to marque coagulated progress. Let maine commencement with lawsuit determination successful our maturation engines.

We added astir 3,200 nett caller locations successful the quarter, increasing 11% year-over-year. Q4 marks the 4th fourth successful a enactment wherever lawsuit determination maturation has accelerated. Total lawsuit locations, including maturation and ratio markets, grew to 150,000. We were precise arrogant to invited a big of caller customers. Within retail, we added the luxury manner brand, AERIN, with locations successful New York and Palm Beach. We besides added Oshima Surf & Skate, a multi-location Hawaii-based retailer and an avid idiosyncratic of Lightspeed wholesale. Lightspeed Wholesale connects retailers utilizing our Lightspeed retail POS to brands utilizing our NuORDER by Lightspeed platform.