Filing Flows › Latch (LTCH) › Q1 2026 › vs Q1 2025
Latch (LTCH) Q1 2026 vs Q1 2025 (year over year)
Latch's revenue fell $72K (-0.5%) from $15.8M in Q1 2025 to $15.7M in Q1 2026. The biggest changes: Professional services −$1.4M (-21%); Software +$984K (+19%); Hardware +$320K (+8%).
Latch, Q1 2026: revenue $15.7M (-0.5% year over year), operating margin -35.3%, net loss $5.9M, operating cash flow −$5.1M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Software | $6.1M | $5.2M | $984K | +19% |
| Professional services | $5.2M | $6.6M | −$1.4M | -21% |
| Hardware | $4.4M | $4.0M | $320K | +8% |
| Revenue | $15.7M | $15.8M | −$72K | -0.5% |
| Net loss | $5.9M | $11.2M | −$5.3M | -47% |
| Costs & expenses | $21.6M | $27.0M | −$5.4M | -20% |
| Operating costs | $21.2M | $26.8M | −$5.6M | -21% |
| Interest & other, net | $394K | $226K | $168K | +74% |
| Cost of revenue | $7.5M | $8.3M | −$812K | -10% |
| Research & development | $3.8M | $5.6M | −$1.8M | -33% |
| Sales & marketing | $4.3M | $3.6M | $695K | +19% |
| General & admin | $4.7M | $7.8M | −$3.1M | -40% |
| Other operating costs | $1.0M | $1.5M | −$515K | -34% |
| Operating cash sources | $6.3M | $11.9M | −$5.6M | -47% |
| Depreciation & amortization | $1.0M | $1.5M | −$515K | -34% |
| Share-based compensation | $154K | $251K | −$97K | -39% |
| Cash used in operations | $5.1M | $10.1M | −$5.0M | -49% |
| Net loss absorbed | $5.9M | $11.2M | −$5.3M | -47% |
| Working capital & other | $366K | $660K | −$294K | -45% |
Questions
How much did Latch's revenue grow year over year in Q1 2026?
Latch's revenue fell $72K (-0.5%) from $15.8M in Q1 2025 to $15.7M in Q1 2026.
What drove Latch's revenue change in Q1 2026?
Professional services −$1.4M (-21%); Software +$984K (+19%); Hardware +$320K (+8%).