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Latch Q3 2026 net loss more than triples year over year to $20.48 million

PUBT·11/12/2026 12:51:07
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Latch Q3 2026 net loss more than triples year over year to $20.48 million
  • Latch’s third-quarter 2026 net loss more than tripled year-over-year to $20.48 million, primarily reflecting a $13.6 million noncash goodwill impairment.
  • Total revenue fell 19% year-over-year to $14.14 million on lower hardware shipments and professional services installation activity.
  • Software revenue climbed 18% year-over-year to $6.34 million, driven by continued subscription growth.
  • The restructuring plan targets $10 million to $12 million in annualized operating cost savings, with positive cash flow targeted for second-half 2027.
  • September’s OpenDOOR developer platform launch introduced EliseAI as its first public partner, integrating access into AI-guided tours and maintenance applications.


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 PR Newswire (Ref. ID: 202611120749PR_NEWS_USPR_____CG95888) on November 12, 2026, and is solely responsible for the information contained therein.