Lightspeed Commerce Reports 15% Year-Over-Year Revenue Growth

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 model as well as our relentless operating efficiency, allowing us to invest in our business while also delivering higher profitability.” Revenue diversification remained firm, with transaction-based revenue growing 18% to $204.6 million and subscription revenue increasing 9% to $90.9 million.

The company’s Adjusted EBITDA reached $15.9 million, a marked improvement from $10.2 million in the prior year quarter. Strategic Growth Engines Take Hold Dax Dasilva, Founder and CEO: “Lightspeed is winning where it matters  — we added high-quality locations, increased ARPU, and…