In its third-quarter earnings release, the Montreal payments company said it expects its revenue for the 2026 fiscal year will be around US$1.2 billion, up about 13 per cent from US$1.08 billion the year before. In the previous quarter, Lightspeed said it expected full-year revenue to be up 12 per cent from last year. (The Logic)

Talking point: Lightspeed posted revenue of US$312 million in the third quarter, up 11 per cent from last year and in line with analyst estimates, according to data from S&P Global Market Intelligence. It reported a net loss of US$33.6 million, about 27 per cent wider than last year’s loss of US$26.6 million and 42.3 per cent more than analysts expected. Lightspeed founder Dax Dasilva is now two years into his mission to boost the company’s stock price by cutting costs while increasing growth, after returning as CEO in February 2024. Despite a strategic review and significant layoffs, Lightspeed’s stock price closed at $12.76 Thursday, having lost more than a third of its value since Dasilva’s return.

Editor’s note: This briefing was updated to reflect Lightspeed stock’s closing price Thursday.