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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Latch, Inc. reported first quarter ended March 31, 2026 results: revenue $15.7 million, net income $(5.9) million.

Period: first quarter ended March 31, 2026
Revenue: $15.7 million
Net income: $(5.9) million
Result: reported results

Exact text from the filing

Quarter 2026 Highlights ● Software revenue increased by 19.1% year-over-year to $6.1 million, driven by continued subscription growth on the DOOR platform. ● Total revenue was $15.7 million, essentially flat year-over-year, as software and hardware growth offset a reduction in services activity. ● Operating expenses decreased by 25.6% year-over-year to $13.8

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Source: SEC EDGAR

accession 0001826000-26-000044

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