Filing Flows › Latch (LTCH) › Q1 2026 › vs Q4 2025
Latch (LTCH) Q1 2026 vs Q4 2025 (quarter over quarter)
Latch's revenue fell $2.2M (-12%) from $17.9M in Q4 2025 to $15.7M in Q1 2026. The biggest changes: Professional services −$1.6M (-24%); Hardware −$316K (-7%); Software −$224K (-4%).
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 Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Software | $6.1M | $6.4M | −$224K | -4% |
| Professional services | $5.2M | $6.8M | −$1.6M | -24% |
| Hardware | $4.4M | $4.7M | −$316K | -7% |
| Revenue | $15.7M | $17.9M | −$2.2M | -12% |
| Net loss | $5.9M | $28.1M | −$22.1M | -79% |
| Costs & expenses | $21.6M | $45.9M | −$24.3M | -53% |
| Operating costs | $21.2M | $45.6M | −$24.4M | -53% |
| Interest & other, net | $394K | $279K | $115K | +41% |
| Cost of revenue | $7.5M | $14.4M | −$6.9M | -48% |
| Research & development | $3.8M | $4.5M | −$699K | -16% |
| Sales & marketing | $4.3M | $3.6M | $668K | +19% |
| General & admin | $4.7M | $5.4M | −$693K | -13% |
| Other operating costs | $1.0M | $17.8M | −$16.8M | -94% |
| Operating cash sources | $6.3M | $9.1M | −$2.8M | -31% |
| Depreciation & amortization | $1.0M | $1.2M | −$157K | -13% |
| Share-based compensation | $154K | $183K | −$29K | -16% |
| Cash used in operations | $5.1M | $7.8M | −$2.6M | -34% |
| Net loss absorbed | $5.9M | $28.1M | −$22.1M | -79% |
| Working capital & other | $366K | −$19.0M | $19.3M | — |
Questions
How much did Latch's revenue grow quarter over quarter in Q1 2026?
Latch's revenue fell $2.2M (-12%) from $17.9M in Q4 2025 to $15.7M in Q1 2026.
What drove Latch's revenue change in Q1 2026?
Professional services −$1.6M (-24%); Hardware −$316K (-7%); Software −$224K (-4%).