Latch, Inc. (LTCH) Form 8-K — Aug 10, 2026
Latch, Inc., operating as DOOR, reported second quarter 2026 results with total revenue of $15.6 million, down 18.1% year-over-year on lower hardware shipments and professional services activity. Software revenue grew 16.8% year-over-year to $6.1 million, continuing the mix shift toward recurring subscription revenue. Profitability metrics improved: net loss narrowed 12.1% to $6.9 million, Adjusted EBITDA loss narrowed 37.5% to $3.6 million, gross margin expanded to 49.0% from 43.0%, and quarterly net cash usage fell to $2.4 million from $6.1 million in the first quarter. The company ended June 30, 2026 with $26.1 million of cash, restricted cash, and available-for-sale securities.
Key figures
- Revenue
- 15615000
- Total Debt
- 4361000
- Revenue Yoy
- -18.1%
- Total Assets
- 93447000
- Cash Position
- 19056000
- Shares Outstanding
- 164860955
- Restricted cash
- 5200000
- Gross margin pct
- 49
- Hardware revenue
- 3444000
- Software revenue
- 6124000
- Operating expenses
- 14873000
- Inventory impairment
- 900000
- Net cash used q1 2026
- 6100000
- Net cash used q2 2026
- 2400000
- Sec settlement penalty
- 1000000
- Software revenue yoy pct
- 16.8
- Gross margin prior year pct
- 43
- Available for sale securities
- 1800000
- Professional services revenue
- 6047000
- Total cash restricted and afs
- 26100000
- Restructuring annualized savings
- $10 million to $12 million
- Adjusted ebitda loss narrowed pct
- 37.5
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.