The significant reduction in net loss and positive adjusted EBITDA signal progress toward profitability, but the weak operating cash flow and negative free cash flow suggest the company is still investing heavily. Monitor the Q2 guidance in the separate press release for signs of sustained organic growth acceleration. The aggressive buyback shows management confidence but consumes cash.
Price Chart
Executive Summary
Lightspeed reported Q1 FY27 revenue of $322.7M (+5.8% YoY), a net loss narrowing to -$2.4M from -$49.6M, and Adjusted EBITDA of $17.5M. The company completed the divestiture of Upserve for $44M in cash plus up to $37M in contingent consideration, and repurchased 6.97M shares for $65.1M. Revenue growth remains modest, operating cash flow was negligible at $0.1M, and adjusted free cash flow was negative -$4.4M, highlighting that while GAAP losses are shrinking, cash generation is still weak.
Key Facts
- Revenue of $322.7M for Q1 ended June 30, 2026, up 5.8% YoY from $304.9M
- Net loss improved to -$2.4M from -$49.6M in the prior year period
- Adjusted EBITDA of $17.5M vs $15.9M YoY
- GPV grew 11% to $11.3B; GTV grew 5% to $25.7B
- Divested Upserve U.S. hospitality product line on April 28, 2026 for $44M cash + up to $37M contingent consideration
- Repurchased and cancelled 6.97M shares for $65.1M under NCIB during the quarter
- Cash and cash equivalents decreased to $372.1M from $453.9M at March 31, 2026
- Operating cash flow of $0.1M down from $12.4M; adjusted free cash flow -$4.4M vs -$1.7M
Financial Impact
Revenue growth of 5.8% YoY with net loss improving by $47.2M. Adjusted EBITDA positive at $17.5M. Cash burn of $81.8M in the quarter due to buybacks and working capital, but core operations are near breakeven.
Risk Factors
- Operating cash flow near zero and adjusted free cash flow negative despite improved profitability
- Modest reported revenue growth (5.8%) and constant currency growth of only 4.2%
- Macroeconomic uncertainty and consumer spending risk affecting SMB customers
- Declining cash balance ($372M from $454M) due to buybacks and investment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001823306-26-000039 |
| Document: financialstatementsfy27q1.htm | 0001823306-26-000039 |
| Document: july3020266-kfs.htm | 0001823306-26-000039 |
| Document: ceo52-109f2july302026.htm | 0001823306-26-000039 |
| Document: cfo52-109f2july302026.htm | 0001823306-26-000039 |
| Document: 0001823306-26-000039-index-headers.html | 0001823306-26-000039 |
| Document: 0001823306-26-000039-index.html | 0001823306-26-000039 |
| Document: 0001823306-26-000039.txt | 0001823306-26-000039 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 6-K | $10.41 | awaiting T+60 | — | $11.09 (+6.53%) |
Aug 25, 2026 8w ago | 6-K | $10.64 | awaiting T+60 | — | $11.09 (+4.23%) |
Jul 31, 2026 12w ago | 6-K | $10.11 $11.09 | ▲ +9.69% | ▲ +7.24% | $11.09 (+9.69%) |
Jul 30, 2026 12w ago | 6-K | $9.66 $11.13 | ▲ +15.22% | ▲ +12.75% | $11.09 (+14.80%) |
Jul 30, 2026 12w ago | 6-K | $9.66 $11.13 | ▲ +15.22% | ▲ +12.75% | $11.09 (+14.80%) |
Jul 9, 2026 15w ago | 6-K | $10.22 $9.82 | ▼ −3.91% | ▼ −5.55% | $11.09 (+8.51%) |
May 21, 2026 22w ago | 6-K | $8.37 $10.23 | ▲ +22.22% | ▲ +17.92% | $11.09 (+32.50%) |
May 7, 2026 24w ago | 6-K | $9.78 $10.27 | ▲ +5.01% | ▲ +1.18% | $11.09 (+13.39%) |
Apr 29, 2026 25w ago | 6-K | $9.06 $9.91 | ▲ +9.38% | ▲ +5.27% | $11.09 (+22.41%) |
Apr 9, 2026 28w ago | 6-K | $8.62 $10.63 | ▲ +23.32% | ▲ +12.54% | $11.09 (+28.65%) |
US Market Status
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