Lightspeed Commerce Inc.‘s latest quarter brought an even deeper loss for the tech company than last year, though its revenue ticked up 11 per cent over the same period.
The Montreal-based firm, which sells retail software and payments terminals, revealed Thursday that its loss amounted to US$33.6 million in its third quarter, a period which wrapped on Dec. 31. The result compared with a loss of $26.6 million a year earlier.
It amounted to a loss of 24 cents US per diluted share compared with a loss of 17 cents per US diluted share a year prior.
When asked why the loss widened, Lightspeed blamed the further decline on “an accelerated rate of amortization for acquired intangible assets, such as acquisitions made in previous years.”
Amortization is a process companies use to spread out the cost of an asset over a period of time.
During the quarter, Lightspeed added a new layer of artificial intelligence capabilities to its products. The additions are aimed at helping customers make smarter decisions without navigating complex dashboards or reports.
Its early use of AI was aimed at helping companies build out e-commerce operations but now it has tools that analyze payments data across the Lightspeed network to uncover trends for clients like restaurants.
“The more restaurants that are in a particular city or town … the more competitive data that we can give the hospitality business in terms of how neighbours are pricing different menu items and the best hours to operate,” Lightspeed CEO and founder Dax Dasilva said on a call with analysts.
“Those were early experiments in AI-enabled tools and that’s driven upsell to larger plans that include those tools.”
Some of the companies biggest gains have also come from its two “growth engines” — North American retail and European hospitality.
Dasilva said those parts of the business account for two-thirds of its revenue, which totalled US$312.3 million in its latest quarter, up from US$280.1 million a year earlier.
The increase came as the company’s transaction-based revenue reached US$209.4 million, up from US$181.7 million, while subscription revenue hit US$93.0 million, up from US$88.1 million.
Hardware and other revenue amounted to US$9.9 million, down from US$10.4 million a year earlier.
On an adjusted basis, Lightspeed earned 15 cents US per diluted share in its latest quarter compared with an adjusted profit of 12 cents US per diluted share a year earlier.
This report by The Canadian Press was first published Feb. 5, 2026.
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