Lightspeed (LSPD) Q3 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 5, 2026 astatine 8:39 AM CST 48 min read

Image source: The Motley Fool.

Thursday, February 5, 2026 astatine 8 a.m. ET

• Chief Executive Officer — Dax Dasilva

• Chief Financial Officer — Asha Bakshani

• Chief Revenue Officer — Gabriel Benavides

Dax Dasilva, Lightspeed's Founder and CEO, and Asha Bakshani, our CFO. After prepared remarks from Dax and Asha, we volition unfastened it up for your questions. We volition marque forward-looking statements connected our telephone contiguous that are taxable to risks and uncertainties that could origin existent results to disagree materially from those projected. Certain worldly factors and assumptions were applied successful respect of conclusions, forecasts, and projections contained successful these statements. We undertake nary work to update these statements but arsenic required by law.

You should cautiously reappraisal these factors, assumptions, risks, and uncertainties successful our net property merchandise issued earlier today, our 3rd 4th fiscal 2026 results presumption disposable connected our website, arsenic good arsenic successful our filings with U.S. and Canadian securities regulators. Also, our commentary contiguous volition see adjusted fiscal measures, which are non-IFRS measures and ratios. These should beryllium considered arsenic a supplement to and not a substitute for IFRS fiscal measures. Reconciliations betwixt the 2 tin beryllium recovered successful our net property release, which is disposable connected our website, connected SEDAR, and connected the SEC's EDGAR system. Note that due to the fact that we study successful US dollars, each amounts discussed contiguous are successful US dollars unless different indicated.

With that, I volition present crook the telephone implicit to Dax.

Dax Dasilva: Thank you, Gus. Good morning, everyone. Our Q3 results item our disciplined execution against the strategy we presented astatine Capital Markets Day. We delivered different beardown quarter, with gross of conscionable implicit $312 cardinal and adjusted EBITDA of $20.2 million, some exceeding our outlook. Our absorption connected the 2 maturation engines of retail successful North America and hospitality successful Europe is driving results. They relationship for two-thirds of our full gross and generated 21% year-over-year gross maturation successful the quarter. At our Capital Markets Day, we acceptable 3 wide priorities to thrust semipermanent worth astatine Lightspeed Commerce Inc.: one, increasing lawsuit locations successful our maturation engines; two, expanding subscription ARPU; and three, improving adjusted EBITDA and escaped currency flow.

In Q3, we made coagulated advancement connected each fronts. Location maturation reached its fastest gait since our concern translation began. Software gross and ARPU accrued adjacent arsenic we lapped anterior terms increases, particularly wrong our maturation engines. And we achieved our 2nd consecutive 4th of affirmative escaped currency travel and grew adjusted EBITDA by 22%. These results show the effectiveness of our strategy and our ongoing momentum. Let maine locomotion you done our show against each of these priorities successful much detail. Starting with lawsuit locations, our absorption remains connected prime growth, winning blase high-GDV merchants successful retail successful North America and hospitality successful Europe, with astir 2,600 nett caller locations added successful the quarter.