DOOR Q3 Software Revenue Grows 18% as AI Speeds Development

Nov 12, 2026
Building access company DOOR, formerly Latch, grew software revenue 18% to $6.3 million in Q3 and says AI-assisted development nearly quadrupled its engineering output.

Latch, which operates as DOOR, reported third-quarter software revenue of $6.3 million, up 18% from a year earlier, the company said in a press release. Total revenue fell 19% to $14.1 million, and the net loss widened to $20.5 million, mainly because of a $13.6 million goodwill impairment.

DOOR says AI-assisted development has nearly quadrupled its engineering output, moving it from a release every two weeks to two a week. It launched OpenDOOR, its SDK and developer platform, with EliseAI as the first public partner integrating DOOR access into its AI-guided tours and maintenance app. A restructuring is expected to save $10 million to $12 million a year.

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