Lightspeed Segment Revenue Rises as It Narrows Its Loss; MagTek Eases Kiosk Integration with Cutflow

Point-of-sale commerce platform Lightspeed Commerce Inc. added approximately 3,200 new locations in its fiscal fourth quarter, as it marks a year into its U.S. retail and Europe hospitality focus.

Montreal-based Lightspeed, which embarked on the two-pronged POS-based plan more than a year ago, says the location total was up by 11%, to 97,000, within the retail and hospitality efforts for the year ending March 31. Through 2028, Lightspeed forecasts 10% to 15% growth in these customer locations.

“Year one of our multi-year transformation was a resounding success with both customer location growth and GTV accelerating every quarter during the year,” Dax Dasilva, Lightspeed founder and chief executive, says in a statement.

Dasilva said U.S. retail and Europe hospitality account for two-thirds of the company’s revenue and generated 21% year-over-year growth in the quarter, according to a Motley Fool transcript of the earnings call.

The growth in locations also shows Lightspeed’s plan is working, Dasilva said. “It’s an acceleration, 9% location growth. That’s accelerating up from seven last quarter, five the quarter before, and 3% all of the year before. So, you know, the strategy is really working in the investment in outbound, outbound remote on retail, and outbound field for EMEA hospitality,” Dasilva says.

By segment, Lightspeed, which was started in 2005, posted $815.1 million in transaction revenue for the year, up 16.9% from $697.3 million the year prior. Subscription revenue—Lightspeed assesses a monthly fee for its software and may charge a fee per screen in a kitchen display system—totaled $370.7 million in fiscal 2026, up 7.5% from $344.8 million. Hardware and other segment revenue of $41.3 million was up 18.7% from $34.8 million.

For fiscal 2026, Lightspeed posted $1.3 billion in revenue, up 18.2% from $1.1 billion the year prior. It narrowed its annual loss to $144.4 million, down from a $667.2 million loss a year ago.

In related news, POS device and technology developer MagTek Inc. says it has an integration with Cutflow, a commerce offering specializing in small businesses, to offer MagTek’s payment devices and its Magensa gateway on the Cutflow platform for mobile sellers such as food trucks.

Seal Beach, Calif.-based MagTek says the integration will make it easier for businesses to use kiosks and other customer-centric payment equipment.