Shares of Lightspeed Commerce fell 8% Thursday after the Montreal fintech disclosed a US$556-million goodwill writedown. The non-cash charge reflects a decline in the company’s market value relative to its net assets as of March 31. CEO Dax Dasilva, who resumed leadership last year, is attempting to revive the stock through cost controls and a renewed focus on profitability.
However, weak U.S. consumer confidence and broader tech valuation declines have hampered progress. Lightspeed posted US$253.4 million in Q4 revenue, up 10% year-over-year, but cut its 2025 revenue forecast in March. Dasilva now aims to return to growth in 2026.
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