Latch, Inc. financials
Source: EDGAR filings · Built 2026-06-19T02:43:55Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -35.97M | -76.17M | -65.91M | -137.48M | -108.06M | -54.53M |
| EBITDA | -47.44M | -52.21M | -103.07M | -159.74M | -146.39M | -61.73M |
| Working Capital | 36.69M | 72.96M | 142.51M | 234.59M | 288.81M | 68.50M |
| Net Debt | -27.52M | -61.48M | -69.92M | -109.40M | -124.38M | -8.81M |
| Gross Margin | 38.29% | 44.14% | 27.41% | -9.14% | -18.25% | -20.22% |
| Operating Margin | -75.19% | -104.92% | -245.25% | -384.69% | -541.36% | -485.96% |
| Net Margin | -76.65% | -101.71% | -239.19% | -377.92% | -605.32% | -518.84% |
| Return on Equity (ROE) | -92.65% | -51.80% | -63.58% | -67.43% | -44.69% | 43.24% |
| Return on Assets (ROA) | -50.32% | -29.32% | -36.52% | -51.26% | -37.18% | -75.24% |
| Current Ratio | 2.30× | 2.28× | 2.51× | 6.30× | 7.78× | 6.78× |
| Debt-to-Equity | 0.12× | 0.08× | 0.15× | 0.00× | 0.00× | -0.33× |
| Effective Tax Rate | 0.00% | -0.00% | -0.03% | -0.05% | -0.03% | -0.01% |
| Cash Conversion Ratio | 0.67× | 1.31× | 0.61× | 0.83× | 0.64× | 0.80× |
| Accruals Ratio | -0.17× | 0.09× | -0.14× | -0.09× | -0.13× | -0.15× |
| SBC % of Revenue | 0.79% | -1.02% | 40.41% | 70.44% | 105.22% | 11.81% |
| CapEx Coverage | -454.34× | -98.44× | -200.57× | -60.40× | -69.13× | -201.71× |
| Free Cash Flow Per Share | $-0.22 | $-0.49 | $-0.44 | $-0.96 | $-1.25 | $-7.53 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 70.12M | 56.63M | 44.96M | 42.95M | 27.61M | 12.99M |
| Cost of Revenue | 43.27M | 31.64M | 32.64M | 46.88M | 32.65M | 15.62M |
| Research and Development Expense | 18.34M | 17.32M | 33.79M | 54.93M | 46.19M | 25.79M |
| Operating Expenses | 79.57M | 84.41M | 122.59M | 161.32M | 144.45M | 60.52M |
| Operating Income (Loss) | -52.72M | -59.41M | -110.27M | -165.24M | -149.49M | -63.15M |
| Income Tax Expense (Benefit) | 0 | 2.00K | 30.00K | 89.00K | 53.00K | 8.00K |
| Net Income (Loss) Attributable to Parent | -53.75M | -57.60M | -107.54M | -162.34M | -167.15M | -67.42M |
| Earnings Per Share, Basic | $-0.34 | $-0.37 | $-0.72 | $-1.13 | $-1.93 | $-9.31 |
| Weighted Average Number of Shares Outstanding, Basic | 160.40M | 156.65M | 149.63M | 143.62M | 86.47M | 7.24M |
| Earnings Per Share, Diluted | $-0.34 | $-0.37 | $-0.72 | $-1.13 | $-1.93 | $-9.31 |
| Weighted Average Number of Shares Outstanding, Diluted | 160.40M | 156.65M | 149.63M | 143.62M | 86.47M | 7.24M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 34.62M | 70.20M | 94.67M | 109.83M | 124.78M | 60.53M |
| Assets, Current | 64.94M | 130.15M | 236.85M | 278.86M | 331.42M | 80.36M |
| Assets | 106.80M | 196.42M | 294.43M | 316.66M | 449.60M | 89.61M |
| Long-term Debt | 4.64M | 5.83M | 22.00M | — | — | 5.48M |
| Liabilities, Current | 28.25M | 57.19M | 94.34M | 44.26M | 42.61M | 11.86M |
| Long-term Debt, Excluding Current Maturities | 3.33M | 4.51M | 0 | — | — | — |
| Liabilities | 48.79M | 85.24M | 125.30M | 75.91M | 75.61M | 83.28M |
| Stockholders' Equity Attributable to Parent | 58.01M | 111.18M | 169.14M | 240.75M | 373.99M | -155.93M |
| Common Stock, Shares, Outstanding | 163.52M | 164.09M | 175.46M | 144.61M | 141.59M | 8.17M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -35.89M | -75.41M | -65.59M | -135.24M | -106.52M | -54.26M |
| Payments to Acquire Property, Plant, and Equipment | 79.00K | 766.00K | 327.00K | 2.24M | 1.54M | 269.00K |
| Net Cash Provided by (Used in) Investing Activities | 1.69M | 72.89M | 50.48M | 126.36M | -277.01M | -4.85M |
| Net Cash Provided by (Used in) Financing Activities | -1.22M | -22.00M | 0 | -6.04M | 447.79M | 65.41M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -7.76M | -28.21M | -23.32M | -10.14M | -13.97M |
| EBITDA | -4.54M | -26.62M | -5.05M | -6.26M | -9.50M | -8.55M |
| Working Capital | 29.58M | 36.69M | 46.22M | 54.97M | 63.88M | 72.96M |
| Net Debt | -23.62M | -27.52M | -37.61M | -41.44M | -53.10M | -61.48M |
| Gross Margin | 52.34% | 19.35% | 44.29% | 43.01% | 47.41% | 39.09% |
| Operating Margin | -35.31% | -155.56% | -36.30% | -39.80% | -69.89% | -61.25% |
| Net Margin | -37.82% | -157.13% | -37.77% | -41.19% | -71.32% | -59.63% |
| Return on Equity (ROE) | -11.36% | -48.38% | -7.66% | -8.51% | -11.23% | -8.96% |
| Return on Assets (ROA) | -5.98% | -26.28% | -4.65% | -5.06% | -6.46% | -5.07% |
| Current Ratio | 2.05× | 2.30× | 2.38× | 2.43× | 2.34× | 2.28× |
| Debt-to-Equity | 0.08× | 0.12× | 0.06× | 0.06× | 0.06× | 0.08× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | 0.87× | 0.28× | 4.28× | 2.96× | 0.90× | 1.35× |
| Accruals Ratio | -0.01× | -0.19× | 0.15× | 0.10× | -0.01× | 0.02× |
| SBC % of Revenue | 0.98% | 1.02% | 2.11% | 1.05% | 1.59% | -37.94% |
| CapEx Coverage | — | -1550.80× | -380.26× | -301.87× | — | -25.06× |
| Free Cash Flow Per Share | — | $-0.05 | $-0.18 | $-0.15 | $-0.06 | $-0.09 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 15.70M | 17.86M | 17.43M | 19.05M | 15.77M | 16.71M |
| Cost of Revenue | 7.48M | 14.40M | 9.71M | 10.86M | 8.29M | 10.18M |
| Research and Development Expense | 3.79M | 4.49M | 3.76M | 4.45M | 5.63M | 5.30M |
| Operating Expenses | 13.76M | 31.24M | 14.04M | 15.78M | 18.50M | 16.77M |
| Operating Income (Loss) | -5.54M | -27.79M | -6.33M | -7.58M | -11.02M | -10.24M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -5.94M | -28.07M | -6.58M | -7.85M | -11.25M | -9.97M |
| Earnings Per Share, Basic | $-0.04 | $-0.18 | $-0.04 | $-0.05 | $-0.07 | $-0.07 |
| Weighted Average Number of Shares Outstanding, Basic | 160.66M | 160.40M | 160.44M | 160.42M | 160.27M | 156.65M |
| Earnings Per Share, Diluted | $-0.04 | $-0.18 | $-0.04 | $-0.05 | $-0.07 | $-0.07 |
| Weighted Average Number of Shares Outstanding, Diluted | 160.66M | 160.40M | 160.44M | 160.42M | 160.27M | 156.65M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 27.95M | 34.62M | 42.58M | 46.73M | 58.72M | 70.20M |
| Assets, Current | 57.66M | 64.94M | 79.61M | 93.44M | 111.64M | 130.15M |
| Assets | 99.37M | 106.80M | 141.61M | 154.98M | 174.14M | 196.42M |
| Long-term Debt | 4.32M | 4.64M | 4.97M | 5.29M | 5.62M | 5.83M |
| Liabilities, Current | 28.08M | 28.25M | 33.40M | 38.47M | 47.75M | 57.19M |
| Long-term Debt, Excluding Current Maturities | 3.01M | 3.33M | 3.65M | 3.98M | 4.30M | 4.51M |
| Liabilities | 47.11M | 48.79M | 55.73M | 62.72M | 73.97M | 85.24M |
| Stockholders' Equity Attributable to Parent | 52.26M | 58.01M | 85.88M | 92.26M | 100.17M | 111.18M |
| Common Stock, Shares, Outstanding | 163.52M | 163.52M | 163.30M | 163.30M | 164.09M | 164.09M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -5.14M | -7.75M | -28.14M | -23.24M | -10.14M | -13.43M |
| Payments to Acquire Property, Plant, and Equipment | — | 5.00K | 74.00K | 77.00K | 0 | 536.00K |
| Net Cash Provided by (Used in) Investing Activities | -1.40M | 156.00K | 1.53M | 476.00K | -935.00K | 1.01M |
| Net Cash Provided by (Used in) Financing Activities | -333.00K | -334.00K | -889.00K | -556.00K | -223.00K | 0 |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (LTCH CIK 0001826000),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.