Filing Flows › Latch (LTCH) › Q1 2025
Latch (LTCH) Q1 2025 earnings results (first quarter 2025)
10-Q filed Jan 13, 2026
Latch (LTCH) reported revenue of $15.8M for the first quarter 2025 (Q1 2025), +31% from a year earlier and -6% from the quarter before. Operating margin was -69.9%, net loss $11.2M (71.3% of revenue).
Latch, Q1 2025: revenue $15.8M (+31% year over year), operating margin -69.9%, net loss $11.2M, operating cash flow −$10.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.8M | -6% | +31% |
| Operating profit | −$11.0M | — | — |
| Net earnings | −$11.2M | — | — |
| Operating cash flow | −$10.1M | — | — |
What changed
Revenue was $15.8M in Q1 2025, up 31% year over year and down 6% from the previous quarter. Installation Services was the largest line at 42% of revenue. Installation Services added $4.2M year over year (up 179%), 113% of the total change. Hardware declined 13%.
Operating costs exceeded revenue by $11.0M, an operating margin of -69.9%. Total costs grew 3% against revenue growth of 31%. The fastest-growing cost line was Cost of revenue (+49%). The quarter ended with a net loss of $11.2M, wider than the previous quarter's $10.0M loss.
Operating cash flow was −$10.1M. Non-cash charges added back $1.5M of depreciation and amortization and $251K of share-based compensation. Working capital and other items used $660K.
Questions
What was Latch's revenue in the first quarter 2025?
Latch (LTCH) reported revenue of $15.8M for the first quarter 2025 (Q1 2025), +31% from a year earlier and -6% from the quarter before.
Was Latch profitable in the first quarter 2025?
Operating loss was $11.0M (-69.9% of revenue) and net loss $11.2M.
Source: Latch 10-Q on SEC EDGAR.