Filing Flows › Latch (LTCH) › Q3 2025
Latch (LTCH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Feb 11, 2026
Latch (LTCH) reported revenue of $17.4M for the third quarter 2025 (Q3 2025), +17% from a year earlier and -9% from the quarter before. Operating margin was -36.3%, net loss $6.6M (37.8% of revenue).
Latch, Q3 2025: revenue $17.4M (+17% year over year), operating margin -36.3%, net loss $6.6M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.4M | -9% | +17% |
| Operating profit | −$6.3M | — | — |
| Net earnings | −$6.6M | — | — |
| Operating cash flow | −$4.9M | — | — |
What changed
Revenue was $17.4M in Q3 2025, up 17% year over year and down 9% from the previous quarter. Professional services was the largest line at 40% of revenue. Hardware added $1.5M year over year (up 43%), 62% of the total change.
Operating costs exceeded revenue by $6.3M, an operating margin of -36.3%. Total costs fell 27% while revenue rose 17%. The quarter ended with a net loss of $6.6M, narrower than the previous quarter's $7.8M loss.
Operating cash flow was −$4.9M. Non-cash charges added back $1.3M of depreciation and amortization and $167K of share-based compensation. Working capital and other items added $249K. Capital expenditures of −$3K exceeded it, leaving free cash flow of −$4.9M.
Questions
What was Latch's revenue in the third quarter 2025?
Latch (LTCH) reported revenue of $17.4M for the third quarter 2025 (Q3 2025), +17% from a year earlier and -9% from the quarter before.
Was Latch profitable in the third quarter 2025?
Operating loss was $6.3M (-36.3% of revenue) and net loss $6.6M.
Source: Latch 10-Q on SEC EDGAR.