Slide 1: Fourth Quarter FY2025 Results
Fourth Quarter FY2025 Results May 22, 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 - Q4'2025
At-a-glance - Q4'2025 $253.4 $7.9 13% $20.6 (1) (2) (1)(5) million billion growth billion (1)(3) in ARPU to ~$489 Q4'25 revenue Q4'25 Gross Payment (Excluding Ecwid) (4) Q4'25 Gross Transaction Volume (“GPV”) Volume (“GTV”) 10% 19% ~97% 38% (6) (6) (5)(7) growth growth recurring or reoccurring subsc
Slide 4: Big picture
Big picture (1) (2) ARPU of ~$489 grew 13% YoY (3) Gross margin improved to 44% Repurchased ~18.7 million shares, or ~12% of total shares outstanding, (4) for total consideration of ~$219 million in last 12 months (1) As at March 31, 2025 and excluding Customer Locations attributable to the Ecwid eC
Slide 5: Quarterly and full-year results and outlook
Quarterly and full-year results and outlook Results Outlook (3) Q4'2025 Q1'2026 $253.4 million revenue Approximately $285 - 290 million revenue $(575.9) million net loss (1) Approximately 13% gross profit growth (2) $12.9 million Adjusted EBITDA (2) Approximately $14 -16 million Adjusted EBITDA Fisc
Slide 6: Customer spotlight - Q4'2025
Customer spotlight - Q4'2025 Lightspeed Restaurant Lightspeed Retail Lightspeed Restaurant We were proud to add Groupe Éclore, operator Runners Roost in Colorado is an apparel and Burger&Sauce with 18 locations across the UK of eight renowned restaurants in Paris. footwear retailer that has been in
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 1% 40% 4% YoY 65% YoY YoY YoY $7.9B $20.6B Q4'25 GPV Q4'25 GTV Fiscal 2023 Fiscal 2024 Fiscal
Slide 8: Expanding ARPU through growth engine focus
Expanding ARPU through growth engine focus (1) ARPU Sales Mix Lightspeed ~$489 4.3% Retail ~$431 35.3% 13% • One-stop commerce platform for complex YoY Q4'24 retailers with embedded payments & Lightspeed 60.4% NuORDER • Growth focus primarily on North America • Market leader in Bike, Golf, Home & Ga
Slide 9: Focusing on disciplined growth
Focusing on disciplined growth Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Total Revenue (in $M) Net Loss (in $M) $253.4 $(32.5) $(35.0) $(29.7) $(26.6) $230.2 10% YoY (1) $(575.9) Q4'24 Q4'25 21% CAGR Adjusted (2) $1,076.8 EBITDA $16.6 (in $M) $909.3 $14.0 $12.9 $730.5 18% $10.2 24% YoY YoY $4.4 Fiscal 2023 Fisc
Slide 10: Appendix A
Appendix A
Slide 11: 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: 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: 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 Fiscal year ended Mar. 31, 2025 Dec. 31, 2024 Sept. 30, 2024 Jun. 30, 2024 Mar. 31, 2024 Mar. 31, 2025 Mar. 31, 2024 $ $ $ $ $ $ $ Net
Slide 15: 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: C - Financial outlook assumptions
Appendix C - Financial outlook assumptions When calculating the Adjusted EBITDA included in our financial outlook for the quarter ending June 30, 2025 and the full year ending March 31, 2026, we considered IFRS measures including revenues, direct cost of revenues, and operating expenses. Our financi
Slide 18: Appendix D
Appendix D
Slide 19: D - Customer Locations Reconciliation
Appendix D - Customer Locations Reconciliation Previous definition(1) Revised definition(2) As at March 31, As at March 31, 2025 2024 2025 2024 Average Revenue Per User ~$489 ~$431 ~$545 ~$482 Customer Locations ~162,000 ~165,000 ~144,000 ~146,000 (1) When excluding Customer Locations attributable t
Slide 20: Contact us
Contact us investors.lightspeedhq.com investorrelations@lightspeedhq.com NYSE: LSPD | TSX: LSPD