Lightspeed Reports Revenue Growth Following Upserve Divestiture

The company’s performance highlights a strategic shift toward its core retail operations in North America and hospitality services in Europe, where it added approximately 1,300 net customer locations during the quarter. CEO Dax Dasilva noted that the firm is prioritizing product innovation and artificial intelligence integration to drive long-term value. CFO Asha Bakshani confirmed that the company repurchased seven million shares during the period, reflecting continued focus on shareholder returns.

Financial results were bolstered by a 20% organic increase in transaction-based revenue and a 12% rise in organic gross profit. Despite the positive organic trends, reported revenue growth stood at 6% due to the divestiture of the Upserve product line in April. Lightspeed ended the quarter with $372.1 million in cash and cash equivalents, maintaining its full-year fiscal 2027 outlook as it works toward a target of $95 million in adjusted free cash flow by fiscal 2028.