DivestmentApr 29, 2026, 07:17 AM
LSPD Divests Upserve for up to $81M; Focuses on Core Growth
AI Summary
Lightspeed Commerce Inc. announced the divestiture of its non-core Upserve U.S. hospitality product line to Skyview Equity for total cash consideration of up to $81 million USD, including a $37 million earnout. This strategic move aims to sharpen Lightspeed's focus on its core growth engines: retail in North America and hospitality in Europe. The divested operations contributed approximately $14 million in revenue and $26 million in gross profit for Fiscal 2026, and the company expects to deliver Fiscal 2027 Adjusted EBITDA of $75-$95 million, while maintaining its long-term growth rate forecasts.
Key Highlights
- Divested Upserve U.S. hospitality product line to Skyview Equity for up to $81 million USD.
- Total cash consideration includes $44 million fixed and up to $37 million subject to earnout.
- Divested operations contributed ~$14 million revenue and ~$26 million gross profit in Fiscal 2026.
- Transaction encompasses ~3,200 U.S. hospitality customer locations and ~70 employees.
- Company expects Fiscal 2027 Adjusted EBITDA of $75-$95 million.
- Divestiture to impact Fiscal 2028 financial outlook by ~5% on gross profit, Adjusted EBITDA, and Free Cash Flow.
- Lightspeed retains ~$200 million under board authorization for share repurchases.