Lightspeed Commerce Inc · TSX:LSPD
Lightspeed Commerce — Q2 2026 Earnings Presentation
18 slides from Lightspeed Commerce's earnings presentation, Nov 6, 2025
Slide 1: Second Quarter FY2026 Results
Second Quarter FY2026 Results November 6, 2025
Slide 2: Disclaimer
Disclaimer General All references in this presentation to the “Company”, “Lightspeed”, “us” or “we” are to Lightspeed Commerce Inc. All references in this presentation to dollars, “$” or “US$” are to United States dollars, and all references to Canadian dollars and “C$” are to Canadian dollars. Caut
Slide 3: At-a-glance - Q2'2026
At-a-glance - Q2'2026 $319.0 $10.8 15% $25.3 (1) (2) (1)(4) million billion growth billion (1)(3) in ARPU to ~$685 Q2'26 revenue Q2'26 Gross Payment Q2'26 Gross Transaction Volume (“GPV”) Volume (“GTV”) 15% 22% ~97% 43% (5) (5) (4)(6) growth growth recurring or reoccurring subscription and GPV as a
Slide 4: Big picture
Big picture (1) Revenue of $319.0 million grew 15% YoY and exceeded outlook (2)(3) Added ~2,000 Customer Locations in our growth engines (1) Gross profit margins improved to 42% with gross profit increasing 18% YoY, exceeding outlook (1) For the three months ended September 30, 2025 vs September 30,
Slide 5: Quarterly and full-year results and outlook
Quarterly and full-year results and outlook Results Outlook (2) Q2'2026 Q3'2026 $319.0 million revenue Approximately $309 - 312 million revenue $135.2 million gross profit At least 15% gross profit growth year-over-year (1) $(32.7) million net loss (1) Approximately $18 - 20 million Adjusted EBITDA
Slide 6: Customer spotlight - Q2'2026
Customer spotlight - Q2'2026 HIRSCHEN Lightspeed Restaurant NuORDER by Lightspeed Lightspeed Retail Restaurant Hirschen in Sulzburg has selected Carhartt, American workwear company Benson’s Pet Center in the US has selected Lightspeed Restaurant to power their elegant famously known for its durable
Slide 7: Payments opportunity and transaction volume
Payments opportunity and transaction volume (1) Gross Payment Volume (in $B) Gross Transaction Volume (in $B) Currently processed 52% CAGR through our $87.1 $90.7 $91.3 payments $33.9 solutions $24.2 $14.7 40% 65% YoY YoY $10.8B $25.3B Q2'26 GPV Q2'26 GTV Fiscal 2023 Fiscal 2024 Fiscal 2025 Fiscal 2
Slide 8: Expanding ARPU through growth engine focus
Expanding ARPU through growth engine focus ARPU(2) Sales Mix Lightspeed ~$685 2.8% Retail ~$598 30.9% 15% • One-stop commerce platform for complex YoY Q2'25 retailers with embedded payments & Lightspeed NuORDER 66.3% • Growth focus primarily on North America • Market leader in Bike, Golf, Home & Gar
Slide 9: Focusing on disciplined growth
Focusing on disciplined growth Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Total Revenue (in $M) Net Loss $319.0 (in $M) $277.2 $(29.7) $(26.6) $(32.7) $(49.6) 15% YoY (1) $(575.9) Q2'25 Q2'26 21% CAGR Adjusted (2) $1,076.8 EBITDA (in $M) $909.3 $21.3 $730.5 $16.6 $15.9 18% $14.0 24% YoY $12.9 YoY Fiscal 2023 Fis
Slide 10: Appendix A
Appendix A
Slide 11: Appendix A - Industry metrics
Appendix A - Industry metrics We monitor the following key performance indicators to help us evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions. These key performance indicators are also used to provide invest
Slide 12: Appendix B
Appendix B
Slide 13: Appendix B - Non-IFRS measures
Appendix B - Non-IFRS measures The information presented within this presentation includes certain non-IFRS financial measures such as “Adjusted EBITDA”. These measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be c
Slide 14: Appendix B - Non-IFRS measures
Appendix B - Non-IFRS measures The following table reconciles net loss to Adjusted EBITDA for the periods indicated: (In thousands of US dollars) Three months ended Sept. 30, 2025 Jun. 30, 2025 Mar. 31, 2025 Dec. 31, 2024 Sept. 30, 2024 $ $ $ $ $ Net Loss (32,700) (49,567) (575,943) (26,586) (29,655
Slide 15: Appendix B - Non-IFRS measures
Appendix B - Non-IFRS measures (1) These expenses represent non-cash expenditures recognized in connection with issued stock options and other awards under our equity incentive plans to our employees and directors, and cash related payroll taxes given that they are directly attributable to share-bas
Slide 16: Appendix C
Appendix C
Slide 17: Appendix C - Financial outlook assumptions
Appendix C - Financial outlook assumptions When calculating the Adjusted EBITDA included in our financial outlook for the quarter ending December 31, 2025 and the full year ending March 31, 2026, we considered IFRS measures including revenues, direct cost of revenues, and operating expenses. Our fin
Slide 18: Contact us
Contact us investors.lightspeedhq.com investorrelations@lightspeedhq.com NYSE: LSPD | TSX: LSPD