Lightspeed Commerce (NYSE:LSPD) shares fell 4% in premarket trading on Thursday after the company reported fourth-quarter earnings below analyst expectations, despite delivering stronger-than-expected revenue growth.
The omnichannel commerce platform provider posted adjusted earnings per share of US$0.10 for the quarter ended March 31, missing the analyst consensus estimate of US$0.11 by one cent.
Quarterly revenue reached US$290.8 million, ahead of analyst forecasts of US$282.56 million and representing year-on-year growth of 15% compared with US$252.9 million in the same period last year.
Gross profit also increased 15% year-on-year to US$129.1 million.
Looking ahead, Lightspeed issued fiscal 2027 revenue guidance of approximately US$1.23 billion, slightly above the analyst consensus estimate of US$1.22 billion.
For the fiscal year ended March 31, the company generated operating cash flow of US$55.5 million and adjusted free cash flow of US$18.2 million.
“Year one of our multi-year transformation was a resounding success with both Customer Location growth and GTV accelerating every quarter during the year,” said Dax Dasilva, Founder and CEO.
The company reported particularly strong momentum across its North American retail and European hospitality operations, where revenue increased 24% year-on-year during the quarter.
Gross transaction volume also rose 19% from the prior year, while the company added approximately 3,200 net customer locations during the quarter.
Chief financial officer Asha Bakshani said, “In Fiscal 2026, Lightspeed delivered significant operational and financial progress, marked by expanding margins and positive Adjusted Free Cash Flow.”
Lightspeed’s board additionally approved the renewal of its normal course issuer bid programme, allowing the company to repurchase up to roughly 10% of its publicly traded shares.
The company provides commerce software and payment solutions to retail, golf and hospitality businesses across more than 100 countries through its integrated platform.