Software was Latch’s largest product and service line in fiscal 2025, bringing in $66.72M of $210.68M (32%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2021 | FY 2021 | FY 2021 | FY 2022 | FY 2022 | FY 2022 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hardware | $27.17M | $41.99M | $54.08M | $73.60M | $59.52M | $30.00K | $59.35M | ||||||
| Software | $9.12M | $9.72M | $28.05M | $39.07M | $53.93M | $61.07M | $66.72M | ||||||
| Hardware & Other Related Revenue | — | — | — | — | — | — | — | ||||||
| Hellotech Services | — | — | — | — | — | $24.94M | $44.68M | ||||||
| Hardware Installation & Activation Services | — | — | — | — | $22.34M | $22.13M | $28.42M | ||||||
| Professional Services | — | — | — | — | $22.34M | $54.27M | — | ||||||
| Installation Services | $4.68M | $5.64M | $14.55M | $16.20M | — | — | — | ||||||
| Property Management Services | — | — | — | — | — | $7.17M | $11.50M | ||||||
| Software Revenue | — | — | — | — | — | — | — | ||||||
| Other | — | — | — | — | — | $33.00K | $21.00K | ||||||
| Access Related | — | — | — | — | — | — | — | ||||||
| Adjustments To Hardware Revenue Excluding Channel Partner Discounts | — | — | — | — | — | — | — | ||||||
| Adjustments To Hardware Revenue - Channel Partner Discounts | — | — | — | — | — | — | — | ||||||
| Total | $40.97M | $57.35M | $96.68M | $128.87M | $158.12M | $169.63M | $210.68M |
Latch brought in $210.68M from its six product and service lines in fiscal 2025, the year ended December 31, 2025. Latch regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $169.63M. Software was the largest at $66.72M (31.7%), ahead of Hardware at $59.35M (28.2%) and Hellotech Services at $44.68M (21.2%). The other three lines brought in $39.94M combined.
Compared with fiscal 2024, Hardware grew fastest, up 197,720.0% to $59.35M. Every line above 2% of revenue grew.
Latch began breaking out Hellotech Services in fiscal 2024, Hardware Installation & Activation Services in fiscal 2023 and Property Management Services in fiscal 2024. Latch stopped reporting Professional Services ($54.27M in fiscal 2024) and Installation Services ($16.20M in fiscal 2022) as separate lines.
Period-Of-Time Revenue: was Latch’s largest revenue line in fiscal 2025, bringing in $66.42M of $125.74M (53%).
| Timing of Transfer of Good or Service | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Point-In-Time Revenue: | — | $59.22M | $54.86M | $59.32M | |
| Product Revenue (Point-In-Time): | $73.60M | — | — | — | |
| Period-Of-Time Revenue: | — | $53.33M | $60.77M | $66.42M | |
| Service Revenue (Period-Of-Time): | $39.07M | — | — | — | |
| Total | $112.67M | $112.54M | $115.62M | $125.74M |
Latch brought in $125.74M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $210.68M it reports by product and service, so these revenue lines do not cover all of its revenue. Period-Of-Time Revenue: was the largest at $66.42M (52.8%), ahead of Point-In-Time Revenue: at $59.32M (47.2%).
Compared with fiscal 2024, Period-Of-Time Revenue: grew 9.3% to $66.42M and Point-In-Time Revenue: grew 8.1% to $59.32M.
Latch began breaking out Point-In-Time Revenue: in fiscal 2023 and Period-Of-Time Revenue: in fiscal 2023. Latch stopped reporting Product Revenue (Point-In-Time): ($73.60M in fiscal 2022) and Service Revenue (Period-Of-Time): ($39.07M in fiscal 2022) as separate revenue lines.
Previously Reported was Latch’s largest revenue line in fiscal 2022, bringing in $27.17M of $27.57M (99%).
| Restatement | FY 2020 | FY 2021 | FY 2021 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|
| Previously Reported | $42.79M | $24.73M | $83.06M | $105.94M | $27.17M |
| Adjustments | -$27.00K | -$5.38M | -$7.35M | -$13.60M | $402.00K |
| Total | $42.77M | $19.35M | $75.71M | $92.34M | $27.57M |
Latch brought in $27.57M from its two revenue lines in fiscal 2022, the year ended March 31, 2022. That was down 70.1% from $92.34M in fiscal 2021. Previously Reported was the largest at $27.17M (98.5%), ahead of Adjustments at $402.00K (1.5%).
From fiscal 2020 to 2022, combined revenue from these revenue lines fell from $42.77M to $27.57M, a compound annual decline of 19.7%. Previously Reported's share of the total fell from 100.1% to 98.5%.
Latch (LTCH) reports its revenue by product and service, by timing of transfer of good or service and by restatement. In fiscal 2025, Software was its largest product and service line, bringing in $66.72M (31.7% of the total), followed by Hardware at $59.35M (28.2%).
Software was Latch's largest product and service line in fiscal 2025, bringing in $66.72M, or 31.7% of the $210.68M total across its six product and service lines.
Period-Of-Time Revenue: was Latch's largest revenue line in fiscal 2025, bringing in $66.42M, or 52.8% of the $125.74M total across its two revenue lines.
Period-Of-Time Revenue: grew faster than Point-In-Time Revenue: in fiscal 2025, up 9.3% from $60.77M to $66.42M. Point-In-Time Revenue: grew 8.1% to $59.32M.
Every figure comes from Latch's annual financial filings, as reported. Each line keeps the name Latch gives it, and years follow its fiscal calendar.
Latch's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.