Slide 1: Fourth Quarter FY2026 Results
Fourth Quarter FY2026 Results May 21, 2026
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 - Q4'2026
At-a-glance - Q4'2026 $290.8 $9.6 10% $22.9 (1) (2) (1)(4) million billion growth billion (1)(3) in ARPU to ~$602 Q4'26 revenue Q4'26 Gross Payment Q4'26 Gross Transaction Volume (“GPV”) Volume (“GTV”) 15% 22% ~96% 42% (5) (5) (6) (4)(6) growth growth recurring or reoccurring subscription and GPV as
Slide 4: Big picture
Big picture (1) (3) Revenue of $290.8 million grew 15% YoY (2)(4) 11% YoY growth within growth engine Customer Locations (1) (3) Gross profit of $129.1 million increased 15% YoY (1) For the three months ended March 31, 2026 vs March 31, 2025. (2) Key Performance Indicator. See Appendix A. (3) For th
Slide 5: Quarterly and full-year results and outlook
Quarterly and full-year results and outlook (2) Results Outlook Q4'2026 Q1'2027 $290.8 million revenue $305 - $315 million revenue, representing 10% - 14% (3) $129.1 million gross profit revenue organic growth $(28.6) million net loss (1) $136 - $141 million gross profit, representing 10% - $15.1 mi
Slide 6: Upserve Divestiture Impact
Upserve Divestiture Impact For Fiscal 2027, Lightspeed's outlook will include revenue organic growth and gross profit organic growth that excludes the revenue and gross profit contribution from Upserve for the period from April 28, 2025 to March 31, 2026. The table below outlines this impact for the
Slide 7: Customer spotlight - Q4'2026
Customer spotlight - Q4'2026 Lightspeed Retail Lightspeed Restaurant NuORDER by Lightspeed Oshima Surf & Skate joins Lightspeed Retail Gaucho is an Argentinian steakhouse chain Within the NuORDER platform, Lightspeed after initially using NuORDER by Lightspeed for operating in the UK with 19 restaur
Slide 8: Payments opportunity and transaction volume
Payments opportunity and transaction volume (1) Gross Payment Volume (in $B) Gross Transaction Volume (in $B) Currently processed 30% CAGR through our payments $41.0 solutions $33.9 $98.1 $90.7 $91.3 $24.2 21% 40% YoY YoY $9.6B $22.9B Q4'26 GPV Q4'26 GTV Fiscal 2024 Fiscal 2025 Fiscal 2026 Fiscal 20
Slide 9: Expanding ARPU through growth engine focus
Expanding ARPU through growth engine focus ARPU Sales Mix Lightspeed ~$602 3.0% Retail ~$545 34.7% 10% • One-stop commerce platform for complex YoY Q4'25 retailers with embedded payments & Lightspeed 62.3% NuORDER • Growth focus primarily on North America • Market leader in Bike, Golf, Home & Garden
Slide 10: Focusing on disciplined growth
Focusing on disciplined growth Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Total Revenue (in $M) Net Loss $290.8 (in $M) $253.4 $(49.6) $(32.7) $(33.6) $(28.6) 15% YoY (1) $(575.9) Q4'25 Q4'26 16% CAGR Adjusted (2) $1,227.0 EBITDA $1,076.8 (in $M) $21.3 $20.2 $909.3 14% $15.9 $15.1 18% YoY $12.9 YoY Fiscal 2024 F
Slide 11: Updated 3-Year Targets
Updated 3-Year Targets (1) Initial Updated Compound Annual Growth Rate (“CAGRs”) for 3 years FY25-28 and/or $ by FY28 CAGRs for 3 years FY25-28 and/or $ by FY28 Consolidated Consolidated ~$700M Gross Profit ~15-18% (CAGR) Gross Profit ~$665M-$685M Gross Margin ~42-45% Gross Margin ~43-46% ~20% of gr
Slide 12: Appendix A
Appendix A
Slide 13: 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 14: Appendix B
Appendix B
Slide 15: Appendix B - Non-IFRS Measures and Ratios
Appendix B - Non-IFRS Measures and Ratios The information presented within this presentation includes certain non-IFRS financial measures and ratios such as “Adjusted EBITDA”, “Adjusted EBITDA as a percentage of gross profit” and “Adjusted Free Cash Flow”. These measures and ratios are not recognize
Slide 16: Appendix B - Non-IFRS Measures and Ratios
Appendix B - Non-IFRS Measures and Ratios 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, 2026 Dec. 31, 2025 Sept. 30, 2025 Jun. 30, 2025 Mar. 31, 2025 Mar. 31, 2026 Mar. 31, 2025 $ $ $ $
Slide 17: Appendix B - Non-IFRS Measures and Ratios
Appendix B - Non-IFRS Measures and Ratios (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 t
Slide 18: Appendix B - Non-IFRS Measures and Ratios
Appendix B - Non-IFRS Measures and Ratios The following table reconciles Cash flows from (used in) operating activities to Adjusted Free Cash Flow for the periods indicated: Three months ended Fiscal year ended March 31, March 31, (In thousands of US dollars) 2026 2025 2026 2025 $ $ $ $ Cash flows f
Slide 19: Appendix C
Appendix C
Slide 20: Appendix 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, 2026 and full year ending March 31, 2027, we considered IFRS measures including revenues, direct cost of revenues, and operating expenses. Our financial o
Slide 21: Appendix D
Appendix D
Slide 22: Appendix D - Long-Term Financial Outlook Assumptions
Appendix D - Long-Term Financial Outlook Assumptions Our long-term financial outlook constitutes financial outlook and forward-looking information within the meaning of applicable securities laws. The purpose of communicating long-term targets is to provide a description of management’s expectations
Slide 23: Appendix D - Long-Term Financial Outlook Assumptions
Appendix D - Long-Term Financial Outlook Assumptions • Our ability to increase our operating efficiencies by consolidating infrastructure and hosting contracts with certain providers and consolidating certain service centers into lower cost geographies. • Our ability to attract, develop and retain k
Slide 24: Appendix D - Long-Term Financial Outlook Assumptions
Appendix D - Long-Term Financial Outlook Assumptions • Our ability to successfully execute our pricing and packaging initiatives. • The substantial investments and expenditures required in the foreseeable future to expand our business. • Our liquidity and capital resources, including our ability to
Slide 25: Appendix D - Long-Term Financial Outlook Assumptions
Appendix D - Long-Term Financial Outlook Assumptions • Our ability to execute on our reorganizations and cost reduction initiatives. • Our ability to successfully make future investments in our business through capital expenditures. • Our ability to successfully execute our capital allocation strate
Slide 26: Contact us
Contact us investors.lightspeedhq.com investorrelations@lightspeedhq.com NYSE: LSPD | TSX: LSPD