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Latch (LTCH) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · Latch (LTCH) Q2 2026 earnings results →
Q2 2026 Revenue down 18% year over year to $15.6M · 44¢ of every $1 of revenue lost · operating margin -46.2%
Latch made $15.6M in Q2 2026 (-18% Y/Y): Software $6.1M, Professional services $6.0M, Hardware $3.4M. Operating margin -46.2%, net loss $6.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $15.6M in Q2 2026, down 18% year over year and down 1% from the previous quarter. Software was the largest line at 39% of revenue. Hardware lost $2.5M year over year (down 42%), 72% of the total change.
Operating costs exceeded revenue by $7.2M, an operating margin of -46.2%. Total costs fell 14% while revenue fell 18%. The quarter ended with a net loss of $6.9M, wider than the previous quarter's $5.9M loss.
Operating cash flow was −$3.3M. Non-cash charges added back $1.0M of depreciation and amortization and $517K of share-based compensation. Working capital and other items added $2.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 10, 2026 | $15.6M | -18% | -46.2% | −$6.9M | −$3.3M |
| Q1 2026 | 10-Q | May 15, 2026 | $15.7M | -0.5% | -35.3% | −$5.9M | −$5.1M |
| Q4 2025 | 10-K | Mar 31, 2026 | $17.9M | +7% | -155.6% | −$28.1M | −$7.8M |
| Q3 2025 | 10-Q | Feb 11, 2026 | $17.4M | +17% | -36.3% | −$6.6M | −$4.9M |
| Q2 2025 | 10-Q | Jan 23, 2026 | $19.1M | +47% | -39.8% | −$7.8M | −$13.1M |
| Q1 2025 | 10-Q | Jan 13, 2026 | $15.8M | +31% | -69.9% | −$11.2M | −$10.1M |
| Q4 2024 | 10-K | Nov 5, 2025 | $16.7M | +20% | -61.2% | −$10.0M | −$13.4M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Latch
Unless the context otherwise requires, references in this subsection to “we,” “our,” “Latch,” “DOOR” and the “Company” refer to the business and operations of Latch, Inc. and its consolidated subsidiaries. Latch is a technology company delivering an integrated ecosystem of hardware, software and services designed to enhance operations and experiences within buildings, primarily serving the multifamily rental market. In August 2025, we rebranded as DOOR, although our legal name remains Latch, Inc.
In its own words, from its 10-K, filed Mar 31, 2026.
Latch against its Wholesale-Hardware peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -18% against the peers' median +0.7%. Operating margin: -46.2% against the peers' median 1.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LTCH Latch | Q2 2026 | $15.6M | -18% | -46.2% |
| REZI Resideo Technologies | Q2 2026 | $2.0B | +2% | 6.6% |
| ADIG ADI Global Distribution | Q2 2026 | $1.3B | +0.7% | 1.9% |
Source: Latch 10-Q on SEC EDGAR · CIK 1826000 · Wholesale-Hardware
13F: who owns LTCH and who is buying
More on LTCH
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results