Software was Latch’s largest product and service line in fiscal 2025, bringing in $22.14M of $70.12M (32%).
| Product and Service | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Hardware | $24.53M | $19.74M | $18.29M | $19.77M | |||
| Software | $13.02M | $17.78M | $20.26M | $22.14M | |||
| Hellotech Services | — | — | $8.31M | $14.89M | |||
| Hardware & Other Related Revenue | — | — | — | — | |||
| Hardware Installation & Activation Services | — | $7.45M | $7.38M | $9.47M | |||
| Installation Services | $5.40M | — | — | — | |||
| Property Management Services | — | — | $2.39M | $3.83M | |||
| Software Revenue | — | — | — | — | |||
| Other | — | — | $11.00K | $7.00K | |||
| Total | $42.96M | $44.96M | $56.63M | $70.12M |
Latch brought in $70.12M from its six product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 23.8% from $56.63M in fiscal 2024. Software was the largest at $22.14M (31.6%), ahead of Hardware at $19.77M (28.2%) and Hellotech Services at $14.89M (21.2%). The other three lines brought in $13.31M combined.
Compared with fiscal 2024, Hellotech Services grew fastest, up 79.1% to $14.89M. Every line above 2% of revenue grew.
Latch began breaking out Hellotech Services in fiscal 2024, Hardware Installation & Activation Services in fiscal 2023, Property Management Services in fiscal 2024 and Other in fiscal 2024. Latch stopped reporting Installation Services as a separate line after fiscal 2022, when it brought in $5.40M.
Period-Of-Time Revenue: was Latch’s largest revenue line in fiscal 2025, bringing in $50.35M of $70.12M (72%).
| Timing of Transfer of Good or Service | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Period-Of-Time Revenue: | — | $25.22M | $38.34M | $50.35M | |
| Service Revenue (Period-Of-Time): | $18.42M | — | — | — | |
| Point-In-Time Revenue: | — | $19.74M | $18.29M | $19.77M | |
| Product Revenue (Point-In-Time): | $24.53M | — | — | — | |
| Total | $42.96M | $44.96M | $56.63M | $70.12M |
Latch brought in $70.12M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 23.8% from $56.63M in fiscal 2024. Period-Of-Time Revenue: was the largest at $50.35M (71.8%), ahead of Point-In-Time Revenue: at $19.77M (28.2%).
Compared with fiscal 2024, Period-Of-Time Revenue: grew 31.3% to $50.35M and Point-In-Time Revenue: grew 8.1% to $19.77M.
Latch began breaking out Period-Of-Time Revenue: in fiscal 2023 and Point-In-Time Revenue: in fiscal 2023. Latch stopped reporting Product Revenue (Point-In-Time): ($24.53M in fiscal 2022) and Service Revenue (Period-Of-Time): ($18.42M in fiscal 2022) as separate revenue lines.
Previously Reported was Latch’s largest revenue line in fiscal 2020, bringing in $18.06M of $13.00M (139%).
| Revision of Prior Period | FY 2020 |
|---|---|
| Previously Reported | $18.06M |
| Adjustments | -$5.07M |
| Total | $13.00M |
Latch brought in $13.00M from its two revenue lines in fiscal 2020, the year ended December 31, 2020. Previously Reported was the largest at $18.06M (139.0%).
The total is net of Adjustments, which took $5.07M off revenue in fiscal 2020.
Latch (LTCH) reports its revenue by product and service, by timing of transfer of good or service and by revision of prior period. In fiscal 2025, Software was its largest product and service line, bringing in $22.14M (31.6% of the total), followed by Hardware at $19.77M (28.2%).
Software was Latch's largest product and service line in fiscal 2025, bringing in $22.14M, or 31.6% of the $70.12M total across its six product and service lines.
Period-Of-Time Revenue: was Latch's largest revenue line in fiscal 2025, bringing in $50.35M, or 71.8% of the $70.12M total across its two revenue lines.
Among Latch's product and service lines that make up at least 2% of revenue, Hellotech Services grew fastest in fiscal 2025, up 79.1% from $8.31M to $14.89M.
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.