Filing Flows › Latch (LTCH) › Q2 2026 › vs Q2 2025
Latch (LTCH) Q2 2026 vs Q2 2025 (year over year)
Latch's revenue fell $3.4M (-18%) from $19.1M in Q2 2025 to $15.6M in Q2 2026. The biggest changes: Hardware −$2.5M (-42%); Professional services −$1.8M (-23%); Software +$880K (+17%).
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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Software | $6.1M | $5.2M | $880K | +17% |
| Professional services | $6.0M | $7.9M | −$1.8M | -23% |
| Hardware | $3.4M | $5.9M | −$2.5M | -42% |
| Revenue | $15.6M | $19.1M | −$3.4M | -18% |
| Other income, net | $314K | −$265K | $579K | — |
| Net loss | $6.9M | $7.8M | −$949K | -12% |
| Costs & expenses | $22.8M | $26.9M | −$4.1M | -15% |
| Operating costs | $22.8M | $26.6M | −$3.8M | -14% |
| Cost of revenue | $8.0M | $10.9M | −$2.9M | -27% |
| Research & development | $4.1M | $4.5M | −$397K | -9% |
| Sales & marketing | $3.8M | $4.2M | −$344K | -8% |
| General & admin | $6.0M | $5.9M | $133K | +2% |
| Other operating costs | $1.0M | $1.3M | −$299K | -23% |
| Operating cash sources | $6.9M | $7.8M | −$949K | -12% |
| Depreciation & amortization | $1.0M | $1.3M | −$299K | -23% |
| Share-based compensation | $517K | $0 | $517K | — |
| Working capital & other | $2.1M | −$6.6M | $8.7M | — |
| Cash used in operations | $3.3M | $13.1M | −$9.9M | -75% |
| Net loss absorbed | $6.9M | $7.8M | −$949K | -12% |
Questions
How much did Latch's revenue grow year over year in Q2 2026?
Latch's revenue fell $3.4M (-18%) from $19.1M in Q2 2025 to $15.6M in Q2 2026.
What drove Latch's revenue change in Q2 2026?
Hardware −$2.5M (-42%); Professional services −$1.8M (-23%); Software +$880K (+17%).