Filing Flows › Latch (LTCH) › Q2 2026 › vs Q1 2026
Latch (LTCH) Q2 2026 vs Q1 2026 (quarter over quarter)
Latch's revenue fell $87K (-0.6%) from $15.7M in Q1 2026 to $15.6M in Q2 2026. The biggest changes: Hardware −$913K (-21%); Professional services +$845K (+16%); Software −$19K (-0.3%).
Latch, Q2 2026: revenue $15.6M (-18% year over year), operating margin -46.2%, net loss $6.9M, operating cash flow −$3.3M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Software | $6.1M | $6.1M | −$19K | -0.3% |
| Professional services | $6.0M | $5.2M | $845K | +16% |
| Hardware | $3.4M | $4.4M | −$913K | -21% |
| Revenue | $15.6M | $15.7M | −$87K | -0.6% |
| Other income, net | $314K | −$394K | $708K | — |
| Net loss | $6.9M | $5.9M | $962K | +16% |
| Costs & expenses | $22.8M | $21.6M | $1.2M | +5% |
| Operating costs | $22.8M | $21.2M | $1.6M | +7% |
| Cost of revenue | $8.0M | $7.5M | $473K | +6% |
| Research & development | $4.1M | $3.8M | $264K | +7% |
| Sales & marketing | $3.8M | $4.3M | −$466K | -11% |
| General & admin | $6.0M | $4.7M | $1.3M | +28% |
| Other operating costs | $1.0M | $1.0M | $14K | +1% |
| Operating cash sources | $6.9M | $5.9M | $962K | +16% |
| Depreciation & amortization | $1.0M | $1.0M | $14K | +1% |
| Share-based compensation | $517K | $154K | $363K | +236% |
| Working capital & other | $2.1M | −$366K | $2.5M | — |
| Cash used in operations | $3.3M | $5.1M | −$1.9M | -37% |
| Net loss absorbed | $6.9M | $5.9M | $962K | +16% |
Questions
How much did Latch's revenue grow quarter over quarter in Q2 2026?
Latch's revenue fell $87K (-0.6%) from $15.7M in Q1 2026 to $15.6M in Q2 2026.
What drove Latch's revenue change in Q2 2026?
Hardware −$913K (-21%); Professional services +$845K (+16%); Software −$19K (-0.3%).