Filing Flows › Latch (LTCH) › Q2 2025
Latch (LTCH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jan 23, 2026
Latch (LTCH) reported revenue of $19.1M for the second quarter 2025 (Q2 2025), +47% from a year earlier and +21% from the quarter before. Operating margin was -39.8%, net loss $7.8M (41.2% of revenue).
Latch, Q2 2025: revenue $19.1M (+47% year over year), operating margin -39.8%, net loss $7.8M, operating cash flow −$13.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.1M | +21% | +47% |
| Operating profit | −$7.6M | — | — |
| Net earnings | −$7.8M | — | — |
| Operating cash flow | −$13.1M | — | — |
What changed
Revenue was $19.1M in Q2 2025, up 47% year over year and up 21% from the previous quarter. Professional services was the largest line at 41% of revenue. Professional services added $5.6M year over year (up 238%), 91% of the total change.
Operating costs exceeded revenue by $7.6M, an operating margin of -39.8%. Total costs fell 13% while revenue rose 47%. The fastest-growing cost line was Sales & marketing (+84%). The quarter ended with a net loss of $7.8M, narrower than the previous quarter's $11.2M loss.
Operating cash flow was −$13.1M. Non-cash charges added back $1.3M of depreciation and amortization. Working capital and other items used $6.6M. Capital expenditures of $77K exceeded it, leaving free cash flow of −$13.2M.
Questions
What was Latch's revenue in the second quarter 2025?
Latch (LTCH) reported revenue of $19.1M for the second quarter 2025 (Q2 2025), +47% from a year earlier and +21% from the quarter before.
Was Latch profitable in the second quarter 2025?
Operating loss was $7.6M (-39.8% of revenue) and net loss $7.8M.
Source: Latch 10-Q on SEC EDGAR.