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Door Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary23 Jan, 2026
Executive summary
Revenue for Q2 2025 increased 47% year-over-year to $19.1 million, driven by professional services growth following the HelloTech merger and property management acquisitions.
Net loss narrowed to $7.8 million from $16.9 million in Q2 2024, reflecting improved operating leverage and reduced legal and settlement costs.
The company rebranded as DOOR in August 2025, with a continued focus on integrated hardware, software, and services for the multifamily rental market.
Filed Q2 2025 report 10 days after Q1, showing progress toward regaining current SEC reporting status.
Financial highlights
Q2 2025 software revenue grew 4% year-over-year to $5.2 million; professional services revenue rose 238% to $7.9 million.
Total revenue for the first half of 2025 was $34.8 million, up 40% from the prior year period.
Adjusted EBITDA loss improved to $5.7 million in Q2 2025 from $7.5 million in Q2 2024.
Gross margin for Q2 2025 was 43%, down from 46% in Q2 2024, due to higher professional services mix.
Operating expenses dropped to $15.8 million, a 34% year-over-year reduction for Q2 2025.
Outlook and guidance
Management expects current liquidity to fund operational needs for at least 12 months.
Ongoing focus on expanding the DOOR Platform and device integrations to drive future growth.
Expects to regain current SEC reporting status with the Q3 2025 report, anticipated in Q1 2026.
Duration of SEC non-compliance?
Total vs. software revenue growth drivers?
Reason for 2024 Adjusted EBITDA correction?
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Next Door earnings date
Q4 202524 Feb, 2026
Door
Next Door earnings date
Q4 202524 Feb, 2026
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Latch, Inc. operates as an enterprise technology company in the United States and Canada. It offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. The company’s hardware products include Latch M Access Units for electronic access to units or buildings; Latch M Reader to replace standard lock boxes for real estate entrance systems; Latch M Doorbell Camera for recording videos through a camera; and Latch M Power Recessed that provides power to interior doors or light fixtures. Its other products comprise Latch R Access Readers that offer brand-specific visual identity devices, such as onsite touch screens, digital signage, or tablet screens; and Latch R Access Direct that enables access through phone and pin entry. The company also provides software applications include intercom application with two-way audio communication; release box guest access system online booking portal; property operations dashboard for facilities managers’ occupancy status and tenant messaging; visitor management solution with configurable approval workflows and notifications; package tracking allowing tenants to schedule deliveries based on availability; and mobile application featuring digital keys/credentials including wireless Bluetooth access credentials to enter a building.
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