Filing Flows › Latch (LTCH) › Q1 2026
Latch (LTCH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Latch (LTCH) reported revenue of $15.7M for the first quarter 2026 (Q1 2026), -0.5% from a year earlier and -12% from the quarter before. Operating margin was -35.3%, net loss $5.9M (37.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.7M | -12% | -0.5% |
| Operating profit | −$5.5M | — | — |
| Net earnings | −$5.9M | — | — |
| Operating cash flow | −$5.1M | — | — |
What changed
Revenue was $15.7M in Q1 2026, roughly flat year over year and down 12% from the previous quarter. Software was the largest line at 39% of revenue. Professional services lost $1.4M year over year (down 21%), 1911% of the total change.
Operating costs exceeded revenue by $5.5M, an operating margin of -35.3%. Total costs fell 21% while revenue was flat. The fastest-growing cost line was Sales & marketing (+19%). The quarter ended with a net loss of $5.9M, narrower than the previous quarter's $28.1M loss.
Operating cash flow was −$5.1M. Non-cash charges added back $1.0M of depreciation and amortization and $154K of share-based compensation. Working capital and other items used $366K.
Questions
What was Latch's revenue in the first quarter 2026?
Latch (LTCH) reported revenue of $15.7M for the first quarter 2026 (Q1 2026), -0.5% from a year earlier and -12% from the quarter before.
Was Latch profitable in the first quarter 2026?
Operating loss was $5.5M (-35.3% of revenue) and net loss $5.9M.
Source: Latch 10-Q on SEC EDGAR.