DOOR (LTCH) Q1 2026: Software revenue up 19% to $6.1M; net loss narrows 47% to $5.9M

Latch, Inc.

2026-Q1 EPS reported -$0.04 revenue$15,702,000

Software revenue $6.1M (+19.1% YoY); total revenue essentially flat at $15.7M.
Net loss narrowed to $(5.9)M from $(11.3)M YoY, a 47.2% improvement.
Adjusted EBITDA loss reduced 45.7% to $(3.9)M; cash usage down $18.6M YoY.
Ended Q1 with $28.5M cash and investments; refinanced debt with Truist Bank revolver on improved terms.
Operating expenses decreased 25.6% to $13.8M reflecting disciplined expense management.

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