1. Lightspeed's total revenue reached $1,076.8 million, up 18% YoY. 2. Q4 revenue was $253.4 million, a 10% increase YoY. 3. A significant goodwill impairment of $556.4 million impacted net loss. 4. Monthly ARPU grew 13% YoY, indicating improved revenue per customer. 5. The company repurchased 18.7 million shares, totaling ~$219 million.
The revenue growth and customer gains signal recovery potential, despite impairments. Historical parallels exist in tech rebounds post-adverse events, such as when companies like Shopify rebounded post-impairments.
The mostly positive financial results combined with strategic focus on high-growth areas are likely to influence investor sentiment positively, although the impairment affects immediate evaluations.
Strategic focus on customer retention and growth in North America and Europe may lead to sustained revenue increases over several quarters.
Total revenue in the year of $1,076.8 million, an increase of 18% year-over-year.
Total revenue in the quarter of $253.4 million, grew 10% year-over-year.
Gross margin improved to 44%, with gross profit increasing 12% year-over-year.
Monthly ARPU grew 13% year-over-year to ~$489 while subscription ARPU grew 11%.
Repurchased ~18.7 million shares, or ~12% of total shares outstanding, for proceeds of ~$219 million in the last 12 months.
Lightspeed reports in US dollars and in accordance with IFRS Accounting Standards.
MONTREAL, May 22, 2025 /PRNewswire/ - Lightspeed Commerce Inc. ("Lightspeed" or the "Company") (TSX: LSPD) (NYSE: LSPD), the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, today announced financial results for the three months and fiscal year ended March 31, 2025.
"Fiscal 2025 was a transformative year for Lightspeed: we delivered revenue growth of 18% with annual revenue exceeding $1 billion for the first time, we adopted a more focused strategy, concentrating on the markets where we have a proven right to win, and we aligned our organization to execute on that strategy," said Dax Dasilva, Founder and CEO. "With a strong financial foundation and our industry-leading commerce platforms, Fiscal 2026 will be dedicated to growing locations, expanding software revenue and enhancing Adjusted EBITDA profitability."
"Our healthy balance sheet, improving Adjusted EBITDA profitability and free cash flow nearing break-even enabled us to return ~$219 million of capital to shareholders in the last year," said Asha Bakshani, CFO. "At the same time, we strategically invested in product and go-to-market for retail customers in North America and hospitality customers in Europe, laying the groundwork for continued success."
(All comparisons are relative to the three-month period ended March 31, 2024 unless otherwise stated):
(All comparisons are relative to the full fiscal year ended March 31, 2024 unless otherwise stated):
1 Excluding Customer Locations attributable to the Ecwid eCommerce standalone product.
2 Total shares outstanding as of April 1, 2024, the beginning of our fiscal year and prior to any share repurchases. These share repurchases include those made between May 2024 and April 2025.
3 Non-IFRS measure or ratio. See the section entitled "Non-IFRS Measures and Ratios" and the reconciliation to the most directly comparable IFRS measure or ratio.
4 Key Performance Indicator. See the section entitled "Key Performance Indicators".
The following outlook supersedes all prior statements made by the Company and is based on current expectations...