The Montreal-based fintech’s net losses increased nearly 42 per cent in the first quarter of its fiscal 2026, from US$35 million for the same period last year. Adjusted income was US$7.9 million, compared to US$16.1 million a year earlier, and the company’s earnings-per-share of $0.06 missed analysts’ expectations by nearly 54 per cent. Its US$304.9 million in revenue, however, was better than expected and up 15 per cent year-over-year. (The Logic)

Talking point: Lightspeed has been trying to cut costs in an effort to restore its share value, which has underperformed since it went public in 2019. Since CEO Dax Dasilva returned to the top job in February 2024, the company has laid off hundreds of employees and has considered a take-private sale. But the company has struggled to improve its stock, which is down more than 17 per cent so far this year to just below its IPO price, and which dropped more than three per cent in afternoon trading on Thursday’s results. Still, Dasilva called the latest earnings a win for the company, pointing to its customer growth, increase in average revenue per user, and expanded margins. The company is expecting revenue growth between 10 and 12 per cent for fiscal 2026 and a 14 per cent higher gross profit.