Latch Q2 FY26 net loss narrows 12.1% to $6.9 million; revenue falls 18.1% to $15.62 million
Reuters2026/08/10 12:11- Latch posted a GAAP net loss of $6.9 million, narrowing 12.1% from a year earlier.
- Revenue fell 18.1% to $15.62 million, as hardware dropped 41.8% to $3.44 million and professional services slid 23.4% to $6.05 million.
- Software revenue rose 16.8% to $6.12 million.
- Non-GAAP adjusted EBITDA loss narrowed 37.5% to $3.56 million.
- DOOR Systems drew about $4.4 million on a new $5 million Truist revolving credit facility to repay its Customers Bank term loan, leaving $0.6 million available.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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