Lightspeed Commerce says lower amortization, higher gross profit narrowed Q2 2027 operating loss
LSPD•Lightspeed Commerce's fiscal second-quarter operating loss narrowed to $7.8 million, while revenue rose 1.5% to $323.79 million. Gross margin increased to 44.1%, but six-month operating cash flow was a $7.4 million outflow, compared with a $37.9 million inflow a year earlier.
1. Quarterly results
Lightspeed Commerce attributed its fiscal second-quarter 2027 operating loss narrowing to $7.8 million to lower intangible amortization and higher gross profit. Revenue rose 1.5% to $323.79 million, as flagship software sales and payments adoption partly offset the Upserve divestiture.
2. Revenue and margins
Transaction-based revenue fell 0.9% to $213.87 million, primarily reflecting the Upserve sale despite increased payments adoption and merchant cash advances. Gross margin rose to 44.1% from 42.4%, benefiting from subscription growth, lower subscription costs and improved transaction-based margins.
3. Cash flow
Six-month operating cash outflow was $7.4 million, compared with a $37.9 million inflow a year earlier, primarily reflecting merchant cash advance growth.
