Lightspeed Commerce Inc. announced the appointment of Rupal Hollenbeck to its Board of Directors, effective October 1, 2026. Hollenbeck brings 30 years of global technology and go-to-market leadership experience, currently serving as President and Chief Business Officer of NextSilicon. Simultaneously, the company announced that Nathalie Gaveau will step down from the Board, effective September 30, 2026. Lightspeed Commerce Inc. operates in the software industry, providing a unified omnichannel platform powering retail, golf, and hospitality businesses.

Lightspeed Commerce Inc. reported first quarter fiscal 2027 results ending June 30, 2026, with total revenues increasing 6% year-over-year to $322.7 million from $304.9 million. Subscription revenue rose to $95.4 million and transaction-based revenue grew 5% to $214.5 million. The company reported a net loss of $2.4 million, or $0.02 per share, compared to a net loss of $49.6 million in the prior year period. Operating expenses decreased significantly due to lower amortization and restructuring costs, resulting in an operating loss of $5.5 million versus $42.1 million previously. Gross profit improved to $138.6 million from $129.1 million. The company also announced the sale of its Upserve U.S. hospitality product line for up to $81 million in total consideration, recognizing a gain on sale of $2.1 million. Additionally, Lightspeed renewed its normal course issuer bid to repurchase up to 8.5 million shares through May 2027. Lightspeed Commerce Inc. operates in the technology industry, providing cloud-based commerce platforms for small and medium-sized businesses.

Lightspeed Commerce Inc. reported first quarter fiscal 2027 results ending June 30, 2026, with total revenue of $322.7 million, representing 17% organic growth year-over-year and exceeding outlook. Gross profit reached $138.6 million (12% organic growth), while the company reported a net loss of ($2.4) million compared to ($49.6) million in the prior year period. Adjusted EBITDA increased to $17.5 million from $15.9 million, and adjusted free cash flow used was $4.4 million. The divestiture of Upserve on April 28, 2026, impacted comparability. Gross Transaction Volume (GTV) grew 9% organically to $25.7 billion, with Gross Payment Volume (GPV) rising 20% to $11.3 billion. The company repurchased approximately seven million shares for roughly $86 million during the quarter and appointed Bhawna Singh as Chief Technology Officer in May. Lightspeed operates a unified omnichannel point-of-sale and payments platform powering retail, golf, and hospitality businesses globally.