Lightspeed expects to reach $700M in gross profit by FY28

Lightspeed (LSPD) Commerce is executing on its renewed strategy focused on winning in its two primary growth engines: retail in North America and hospitality in Europe. In this event, management will explain why Lightspeed is doubling down on these focus areas and how they intend to accelerate growth. As a result, during the period of FY26 to FY28 inclusive, within its primary growth engines, Lightspeed expects to grow gross profit at a three-year compound annual growth rate, or CAGR, of ~20%-~25%, and for the consolidated business, Lightspeed expects to grow gross profit at a three-year total CAGR of ~15%-~18%, reaching ~$700M in gross profit by FY28. Within its primary growth engines for the same period, net Customer Locations are expected to grow at a three-year CAGR of ~10%-~15%. For the consolidated business, total Adjusted EBITDA is expected to grow at a CAGR of ~35%1 over the same period, reaching ~20% of gross profit and Adjusted Free Cash Flow is expected to reach ~$100M in FY28.