Lightspeed Commerce crushed expectations with a first quarter proving it’s a force to reckon with. Lightspeed began fiscal 2026 with impressive momentum, reporting first-quarter results that exceeded expectations across key financial metrics. The Montreal-based omnichannel platform, powering retail and hospitality businesses in over 100 countries, delivered total revenue of $304.9 million, a robust 15% year-over-year increase that surpassed the company’s outlook.

Financial Performance Exceeds Expectations

The company’s financial performance highlights strong operational leverage, with gross profit rising 19% year-over-year to $129.1 million. Gross margin improved to 42%, up from 41% a year ago, reflecting the company’s focus on operational efficiency and strategic pricing. Subscription gross margins also increased to 81%, up from 79%.

Asha Bakshani, CFO: “Lightspeed had a great start to the year with revenue and gross profit exceeding our previously-established outlook,” said. “Our strong Adjusted EBITDA growth is evidence of the leverage we are seeing in our business…