Earnings ·
Latch, Inc. reported second quarter 2026 financial results showing total revenue of $15.6 million and a net loss of…
LTCHWLatch, Inc.
Latch, Inc. reported second quarter 2026 financial results showing total revenue of $15.6 million and a net loss of $(6.9) million. Software revenue grew 16.8% year-over-year to $6.1 million, while operating expenses decreased 5.7% to $14.9 million. The company announced a restructuring plan expected to reduce annualized operating costs by $10 million to $12 million through workforce reductions and the exit of its DOOR Property Management business. Additionally, Latch reached a settlement in principle with SEC Staff involving a $1.0 million civil monetary penalty payable in quarterly installments. The company operates in the building technology industry, providing hardware, software, and services for connected multifamily buildings.