Lightspeed Commerce Inc SEC Filings

Lightspeed Commerce Inc. files its Annual Report on Form 40-F for the fiscal year ended March 31, 2026, and states 137,774,851 Subordinate Voting Shares outstanding as of March 31, 2026. The filing modifies and supersedes prior Exchange Act filings for purposes of future offers or sales of securities that incorporate this report. Management and the independent auditor report effective disclosure controls and internal control over financial reporting as of March 31, 2026.

Lightspeed Commerce Inc. reported strong fourth quarter and full-year Fiscal 2026 growth while continuing its multi-year transformation and returning capital to shareholders. Q4 revenue rose 15% year-over-year to $290.8 million and full-year revenue increased 14% to $1,227.0 million, driven mainly by transaction-based payments revenue.

The company remained loss-making on an IFRS basis, with a Fiscal 2026 net loss of $144.4 million, but significantly improved profitability metrics. Adjusted EBITDA grew to $72.5 million and Adjusted Income reached $61.9 million, while cash flows from operating activities turned positive at $55.5 million and Adjusted Free Cash Flow was $18.2 million.

Operationally, Lightspeed’s retail in North America and hospitality in Europe “growth engines” delivered 24% revenue growth and 19% GTV growth, adding about 3,200 net Customer Locations in Q4 and lifting ARPU by 10%. The company agreed to sell its non-core Upserve U.S. hospitality product line for up to $81 million and updated its outlook to reflect this divestiture.

For Fiscal 2027, Lightspeed guides to revenue of $1,225–$1,265 million, gross profit of $565–$585 million, and Adjusted EBITDA of $75–$95 million, based on organic growth targets. Backed by $453.9 million of cash and cash equivalents, the board renewed a normal course issuer bid authorizing repurchases of up to 8,478,469 subordinate voting shares, representing roughly 10% of the public float, as part of a broader $400 million share repurchase authorization.

Lightspeed Commerce Inc. filed an update confirming its upcoming Annual and Special Meeting of Security Holders and a key leadership change. The meeting is set for July 30, 2026, with a record date of June 1, 2026 for notice and voting, for holders of subordinate voting shares.

The company appointed Bhawna Singh as Chief Technology Officer to help drive its AI roadmap and platform integration across retail and hospitality. Lightspeed also highlighted new AI-driven features, wholesale integrations, and enhanced payments and ordering tools designed to streamline merchant operations and improve customer experiences.

Lightspeed Commerce is selling its non-core Upserve U.S. hospitality product line to Skyview Equity for up to $81 million in cash, including an earnout of up to $37 million. The divested operations generated about $26 million in gross profit and roughly $5 billion in Gross Transaction Volume for Fiscal 2026, across approximately 3,200 U.S. hospitality customer locations and about 70 employees.

The company says this divestiture aligns with its strategy to focus on retail in North America and hospitality in Europe and expects Fiscal 2026 revenue and gross profit to come in ahead of its prior outlook, with Adjusted EBITDA in line. For Fiscal 2027, it targets Adjusted EBITDA between $75 and $95 million and estimates the Upserve sale will reduce its Fiscal 2028 gross profit, Adjusted EBITDA and Adjusted Free Cash Flow targets by about 5% in absolute terms, while keeping its long-term growth rates unchanged.

Lightspeed Commerce Inc. announced it will release its fiscal fourth quarter and full year 2026 financial results before the market opens on Thursday, May 21, 2026. Management will host a conference call and webcast that day at 8:00 a.m. ET to discuss the results.

Solium Capital submitted a Form 144 notice reporting proposed sales of 3057 Subordinate Voting Shares tied to an RSU vest on 03/16/2026. The filing also lists prior dispositions by John Shapiro of 2467 shares on 03/10/2026 and 1016 shares on 02/24/2026 with per‑share amounts shown in the excerpt.

John Shapiro reported mixed transactions: RSU vesting and open-market sales. The filing lists an RSU vest of 2,467 Subordinate Voting Shares on 03/10/2026 listed as Issuer. It also discloses sales of 1,016 shares on 02/24/2026 for $9,093.20 and 2,588 shares on 12/15/2025 for $30,404.86. These items reflect reported grant vesting plus subsequent dispositions by the named holder.

Solium Capital submitted Form 144 reporting insider sales of Subordinate Voting Shares. The filing lists John Shapiro selling 2,588 shares on 12/15/2025 for $30,404.86 and 2,145 shares on 12/08/2025 for $24,959.86. The excerpt also records an RSU vest dated 02/24/2026 and identifies the securities as listed on NYSE.

Lightspeed Commerce Inc. reported higher revenue but continued losses for the three and nine months ended December 31, 2025. Quarterly revenue reached $312,346 with gross profit of $133,577, up from $280,134 and $115,874 a year earlier, while net loss widened to $33,578 and loss per share was $0.24.

For the nine-month period, revenue was $936,251 and net loss was $115,845. Cash and cash equivalents were $479,002 as of December 31, 2025. The company completed its annual goodwill impairment test with no impairment recorded and closed a $7,568 securities class action settlement approved in Québec.

Lightspeed repurchased and cancelled 9,013,953 Subordinate Voting Shares under its normal course issuer bid for total consideration of $85,430, and also used share repurchases to settle non-treasury RSUs. It noted additional service commitments of $46,000 over the next five fiscal years and highlighted growing merchant cash advance activity contributing to transaction-based revenue.