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How Latch (LTCH) makes money

Latch (LTCH) made $15.6M of revenue in the second quarter 2026 (Q2 2026), -18% from a year earlier. Software brought in $6.1M (39%); Professional services brought in $6.0M (39%); Hardware brought in $3.4M (22%).

Drawing the Sankey…

Latch revenue by segment, Q2 2026Latch revenue by segment, Q2 2026Software$6.1MProfessional services$6.0MHardware$3.4M
Latch: revenue by line, Q4 2024 to Q2 2026Latch: revenue by line, Q4 2024 to Q2 2026Professional servicesSoftwareHardwareInstallation ServicesProfessional services: $6.0M latest$6.0MSoftware: $6.1M latest$6.1MHardware: $3.4M latest$3.4MInstallation Services: $0 latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Software went from 31% of revenue in Q4 2024 to 39% in Q2 2026, the largest shift in the mix.
Latch revenue by quarterLatch revenue by quarter$16.7MQ4 2024$15.8MQ1 2025$19.1MQ2 2025$17.4MQ3 2025$17.9MQ4 2025$15.7MQ1 2026$15.6MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Software$6.1M39.2%-0.3%+17%
Professional services$6.0M38.7%+16%-23%
Hardware$3.4M22.1%-21%-42%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$15.6M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$15.6M-18%
Q1 2026$15.7M-0.5%
Q4 2025$17.9M+7%
Q3 2025$17.4M+17%
Q2 2025$19.1M+47%
Q1 2025$15.8M+31%
Q4 2024$16.7M+20%

From Latch's 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does Latch make money?

Latch (LTCH) made $15.6M of revenue in the second quarter 2026 (Q2 2026), -18% from a year earlier. Software brought in $6.1M (39%); Professional services brought in $6.0M (39%); Hardware brought in $3.4M (22%).

What is Latch's biggest business?

Software: $6.1M in the second quarter 2026, 39% of revenue, +17% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.