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

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Latch Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001826000-26-000048), on August 10, 2026, and is solely responsible for the information contained therein.

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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Latch Q2 FY26 net loss narrows 12.1% to $6.9 million; revenue falls 18.1% to $15.62 million

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