LTCH · Latch, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.70M | - | $17.43M | $19.05M | $15.77M | - | $14.94M | $12.94M | $12.04M | - |
| Cost of Revenue | $7.48M | - | $9.71M | $10.86M | $8.29M | - | $8.87M | $7.01M | $5.58M | - |
| Gross Profit | $8.22M | - | $7.72M | $8.20M | $7.48M | - | $6.08M | $5.93M | $6.45M | - |
| R&D | $3.79M | - | $3.76M | $4.45M | $5.63M | - | $4.88M | $2.94M | $4.20M | - |
| SG&A | $4.69M | - | $5.02M | $5.86M | $7.93M | - | $12.83M | $16.73M | $11.85M | - |
| Total Operating Expenses | $13.76M | - | $14.04M | $15.78M | $18.62M | - | $23.46M | $23.73M | $20.45M | - |
| D&A | $1.01M | - | $1.27M | $1.32M | $1.52M | - | $1.80M | $1.81M | $1.90M | - |
| Operating Income | ($5.54M) | - | ($6.33M) | ($7.58M) | ($11.14M) | - | ($17.39M) | ($17.80M) | ($13.99M) | - |
| Interest Expense | $568.0K | - | $704.0K | $758.0K | $749.0K | - | $922.0K | $1.10M | $1.56M | - |
| Income Tax | $0 | - | $0 | $0 | $0 | - | $0 | $0 | $2.0K | - |
| Net Income | ($5.94M) | - | ($6.58M) | ($7.85M) | ($11.25M) | - | ($17.06M) | ($16.94M) | ($13.64M) | - |
| EPS - Basic | ($0.04) | - | ($0.04) | ($0.05) | ($0.07) | - | ($0.11) | ($0.11) | ($0.09) | - |
| EPS - Diluted | ($0.04) | - | ($0.04) | ($0.05) | ($0.07) | - | ($0.11) | ($0.11) | ($0.09) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $27.95M | $34.62M | $42.58M | $46.73M | $58.72M | $70.20M | $82.59M | $87.46M | $108.60M | $94.67M |
| Accounts Receivable | $5.90M | $7.96M | $7.92M | $11.57M | $12.52M | $9.86M | $10.90M | $12.73M | $7.80M | $6.00M |
| Inventory | $12.71M | $15.26M | $15.12M | $18.21M | $19.45M | $14.38M | $13.27M | $11.73M | $10.46M | $16.56M |
| Accounts Payable | $4.90M | $4.45M | $6.99M | $8.30M | $6.05M | $7.82M | $3.09M | $3.30M | $2.42M | $3.64M |
| Current Assets | $57.66M | $64.94M | $79.61M | $93.44M | $111.64M | $130.15M | $149.84M | $170.97M | $202.83M | $236.85M |
| Total Assets | $99.37M | $106.80M | $141.61M | $154.98M | $174.14M | $196.42M | $213.55M | $230.53M | $263.59M | $294.43M |
| Current Liabilities | $28.08M | $28.25M | $33.40M | $38.47M | $47.75M | $57.19M | $55.49M | $60.24M | $76.39M | $94.34M |
| Long-term Debt | $3.01M | $3.33M | $3.65M | $3.98M | $4.30M | $4.51M | $4.84M | - | - | - |
| Total Liabilities | $47.11M | $48.79M | $55.73M | $62.72M | $73.97M | $85.24M | $86.15M | $87.92M | $106.00M | $125.30M |
| Stockholders' Equity | $52.26M | $58.01M | $85.88M | $92.26M | $100.17M | $111.18M | $127.40M | $142.62M | $157.59M | $169.14M |
| Retained Earnings | ($718.41M) | ($712.47M) | ($684.40M) | ($677.82M) | ($669.97M) | ($658.72M) | ($648.76M) | ($631.70M) | ($614.76M) | ($601.13M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.14M) | - | - | - | ($10.14M) | - | - | - | ($31.10M) | - |
| Investing Cash Flow | ($1.40M) | - | - | - | ($935.0K) | - | - | - | $45.16M | - |
| Financing Cash Flow | ($333.0K) | - | - | - | $0 | - | - | - | - | - |
| CapEx | - | - | - | - | $0 | - | - | - | $10.0K | - |
| Free Cash Flow | - | - | - | - | ($10.14M) | - | - | - | ($31.11M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 52.3% | - | 44.3% | 43.0% | 47.4% | - | 40.7% | 45.8% | 53.6% | - |
| Operating margin | -35.3% | - | -36.3% | -39.8% | -70.6% | - | -116.3% | -137.6% | -116.3% | - |
| EBITDA margin | -28.9% | - | -29.0% | -32.9% | -61.0% | - | -104.3% | -123.6% | -100.5% | - |
| Net margin | -37.8% | - | -37.8% | -41.2% | -71.3% | - | -114.1% | -130.9% | -113.3% | - |
| Free cash flow margin | - | - | - | - | -64.3% | - | - | - | -258.5% | - |
| FCF / Net income | - | - | - | - | 0.90 | - | - | - | 2.28 | - |
| R&D / Revenue | 24.2% | - | 21.6% | 23.4% | 35.7% | - | 32.6% | 22.7% | 34.9% | - |
| SG&A / Revenue | 29.9% | - | 28.8% | 30.7% | 50.3% | - | 85.8% | 129.3% | 98.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -6.0% | - | -4.6% | -5.1% | -6.5% | - | -8.0% | -7.3% | -5.2% | - |
| Return on equity | -11.4% | - | -7.7% | -8.5% | -11.2% | - | -13.4% | -11.9% | -8.7% | - |
| Return on invested capital | -7.9% | - | -5.6% | -6.2% | -8.4% | - | -10.4% | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.05 | 2.30 | 2.38 | 2.43 | 2.34 | 2.28 | 2.70 | 2.84 | 2.66 | 2.51 |
| Quick ratio | 1.60 | 1.76 | 1.93 | 1.96 | 1.93 | 2.02 | 2.46 | 2.64 | 2.52 | 2.34 |
| Cash ratio | 1.00 | 1.23 | 1.27 | 1.21 | 1.23 | 1.23 | 1.49 | 1.45 | 1.42 | 1.00 |
| Leverage | ||||||||||
| Debt / Equity | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | - | - | - |
| Debt / Assets | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -9.8x | - | -9.0x | -10.0x | -14.9x | - | -18.9x | -16.2x | -9.0x | - |
| Equity multiplier | 1.90 | 1.84 | 1.65 | 1.68 | 1.74 | 1.77 | 1.68 | 1.62 | 1.67 | 1.74 |
| Liabilities / Assets | 0.47 | 0.46 | 0.39 | 0.40 | 0.42 | 0.43 | 0.40 | 0.38 | 0.40 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | 0.16 | - | 0.12 | 0.12 | 0.09 | - | 0.07 | 0.06 | 0.05 | - |
| Inventory turnover | 0.59 | - | 0.64 | 0.60 | 0.43 | - | 0.67 | 0.60 | 0.53 | - |
| Days sales outstanding | 137d | - | 166d | 222d | 290d | - | 266d | 359d | 237d | - |
| Days inventory outstanding | 620d | - | 569d | 612d | 856d | - | 546d | 611d | 684d | - |
| Days payable outstanding | 239d | - | 263d | 279d | 266d | - | 127d | 172d | 158d | - |
| Cash conversion cycle | 518d | - | 472d | 555d | 879d | - | 685d | 799d | 763d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.5% | - | 16.6% | 47.3% | 31.1% | - | 54.5% | 27.1% | 7.9% | - |
| Revenue CAGR (3y) | 12.1% | - | 25.4% | 24.7% | 33.5% | - | 10.1% | 12.8% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 9.9% | - | 27.0% | 38.2% | 15.9% | - | -0.3% | 52.1% | - | - |
| Operating income growth (YoY) | 50.2% | - | 63.6% | 57.4% | 20.4% | - | 39.2% | 43.2% | 57.8% | - |
| Net income growth (YoY) | 47.2% | - | 61.4% | 53.7% | 17.5% | - | 37.5% | 45.1% | 58.6% | - |
| EPS growth (YoY) | 42.9% | - | 63.6% | 54.5% | 22.2% | - | 31.3% | 47.6% | 60.9% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | 67.4% | - | - | - | -20.9% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -47.8% | -47.8% | -32.6% | -35.3% | -36.4% | -34.3% | -30.4% | -23.7% | -26.1% | -29.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$99.62M totalInstallation Services$28.20M · 28.3%
Software$22.14M · 22.2%
Hardware$19.77M · 19.8%
Hello Tech Services$14.89M · 14.9%
Hardware Installation And Activation Services$9.47M · 9.5%
Property Management Services$3.83M · 3.8%
Service$1.30M · 1.3%
Product And Service Other$7.0K · 0.0%
Geographic
$800.0K totalNon Us$800.0K · 100.0%
Peer comparison
Same SIC group: Wholesale-Hardware
Comparing Latch against the 2 most active filers in the same SIC group.