Filing Flows › Latch (LTCH) › Q4 2025
Latch (LTCH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Latch (LTCH) reported revenue of $17.9M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +3% from the quarter before. Operating margin was -155.6%, net loss $28.1M (157.1% of revenue).
Latch, Q4 2025: revenue $17.9M (+7% year over year), operating margin -155.6%, net loss $28.1M, operating cash flow −$7.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.9M | +3% | +7% |
| Operating profit | −$27.8M | — | — |
| Net earnings | −$28.1M | — | — |
| Operating cash flow | −$7.8M | — | — |
What changed
Revenue was $17.9M in Q4 2025, up 7% year over year and up 3% from the previous quarter. Professional services was the largest line at 38% of revenue.
Operating costs exceeded revenue by $27.8M, an operating margin of -155.6%. Total costs grew 69% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+292%). The quarter ended with a net loss of $28.1M, wider than the previous quarter's $6.6M loss.
Operating cash flow was −$7.8M. Non-cash charges added back $1.2M of depreciation and amortization and $183K of share-based compensation. Working capital and other items added $19.0M. Capital expenditures of $5K exceeded it, leaving free cash flow of −$7.8M.
Questions
What was Latch's revenue in the fourth quarter 2025?
Latch (LTCH) reported revenue of $17.9M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +3% from the quarter before.
Was Latch profitable in the fourth quarter 2025?
Operating loss was $27.8M (-155.6% of revenue) and net loss $28.1M.
Source: Latch 10-K on SEC EDGAR.