What is Latch's operating income?

Latch's total operating income in 2025 was -$52.72 million, based on the following breakdown: Total Gross Profit: $26.85 million Total Operating Expenses: $79.57 million

Latch (LTCH) Financials

$0.15 0.00 (0.00%)

As of 12:59 PM Eastern

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Annual Income Statements for Latch

This table shows Latch's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-50	-67	-167	-162	-108	-58	-54
Consolidated Net Income / (Loss)	-50	-67	-167	-162	-108	-58	-54
Net Income / (Loss) Continuing Operations	-50	-67	-167	-162	-108	-58	-54
Total Pre-Tax Income	-50	-67	-167	-162	-108	-58	-54
Total Operating Income	-50	-63	-149	-165	-110	-59	-53
Total Gross Profit	-2.41	-2.63	-5.04	-3.92	12	25	27
Total Revenue	15	13	28	43	45	57	70
Operating Revenue	15	13	28	43	45	57	70
Total Cost of Revenue	17	16	33	47	33	32	43
Operating Cost of Revenue	17	16	33	47	33	32	43
Total Operating Expenses	47	61	144	161	123	84	80
Selling, General & Admin Expense	15	20	61	55	66	44	24
Marketing Expense	13	13	34	46	15	13	15
Research & Development Expense	18	26	46	55	34	17	18
Depreciation Expense	0.72	1.42	3.09	5.50	7.20	7.20	5.28
Impairment Charge	-	-	-	-	0.00	2.85	17
Total Other Income / (Expense), net	-0.47	-4.27	-18	3.00	2.76	1.82	-1.03
Interest & Investment Income	-	-3.17	-7.76	-2.96	2.31	1.42	-1.11
Other Income / (Expense), net	0.00	-0.89	-8.38	5.96	0.45	0.40	0.09
Income Tax Expense	0.05	0.01	0.05	0.09	0.03	0.00	0.00
Basic Earnings per Share	($7.65)	($9.31)	($1.93)	($1.13)	($0.72)	($0.37)	($0.34)
Weighted Average Basic Shares Outstanding	6.56M	7.24M	86.47M	143.62M	149.63M	156.65M	160.40M
Diluted Earnings per Share	($7.65)	($9.31)	($1.93)	($1.13)	($0.72)	($0.37)	($0.34)
Weighted Average Diluted Shares Outstanding	6.56M	7.24M	86.47M	143.62M	149.63M	156.65M	160.40M
Weighted Average Basic & Diluted Shares Outstanding	-	-	142.78M	-	-	-	164.26M

This table shows Latch's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-27	-16	-14	-17	-17	-9.97	-11	-7.85	-6.58	-28	-5.94
Consolidated Net Income / (Loss)	-27	-16	-14	-17	-17	-9.97	-11	-7.85	-6.58	-28	-5.94
Net Income / (Loss) Continuing Operations	-27	-16	-14	-17	-17	-9.97	-11	-7.85	-6.58	-28	-5.94
Total Pre-Tax Income	-27	-16	-14	-17	-17	-9.97	-11	-7.85	-6.58	-28	-5.94
Total Operating Income	-29	-17	-14	-18	-17	-10	-11	-7.58	-6.33	-28	-5.54
Total Gross Profit	6.09	4.82	6.45	5.93	6.08	6.53	7.48	8.20	7.72	3.46	8.22
Total Revenue	9.67	14	12	13	15	17	16	19	17	18	16
Operating Revenue	9.67	14	12	13	15	17	16	19	17	18	16
Total Cost of Revenue	3.58	9.14	5.58	7.01	8.87	10	8.30	11	9.71	14	7.48
Operating Cost of Revenue	3.58	9.14	5.58	7.01	8.87	10	8.30	11	9.71	14	7.48
Total Operating Expenses	35	22	20	24	23	17	19	16	14	31	14
Selling, General & Admin Expense	19	12	12	17	13	3.07	7.77	5.86	5.02	5.22	4.69
Marketing Expense	3.82	2.64	2.50	2.25	3.95	3.86	3.58	4.15	4.00	3.65	4.27
Research & Development Expense	10	5.83	4.20	2.94	4.88	5.30	5.63	4.45	3.76	4.49	3.79
Depreciation Expense	1.86	1.83	1.90	1.81	1.81	1.69	1.52	1.32	1.27	1.16	1.01
Total Other Income / (Expense), net	1.33	0.74	0.36	0.86	0.33	0.27	-0.23	-0.27	-0.26	-0.40	-0.39
Interest & Investment Income	0.81	0.69	0.45	0.52	0.41	0.04	-0.25	-0.28	-0.25	-0.45	-0.32
Other Income / (Expense), net	0.52	0.05	-0.09	0.34	-0.08	0.23	0.03	0.02	-0.01	0.05	-0.07
Income Tax Expense	0.00	0.02	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Basic Earnings per Share	($0.18)	($0.10)	($0.09)	($0.11)	($0.11)	($0.06)	($0.07)	($0.05)	($0.04)	($0.18)	($0.04)
Weighted Average Basic Shares Outstanding	154.33M	149.63M	156.39M	156.39M	156.39M	156.65M	160.27M	160.42M	160.44M	160.40M	160.66M
Diluted Earnings per Share	($0.18)	($0.10)	($0.09)	($0.11)	($0.11)	($0.06)	($0.07)	($0.05)	($0.04)	($0.18)	($0.04)
Weighted Average Diluted Shares Outstanding	154.33M	149.63M	156.39M	156.39M	156.39M	156.65M	160.27M	160.42M	160.44M	160.40M	160.66M
Weighted Average Basic & Diluted Shares Outstanding	-	0.00	-	-	-	0.00	-	-	-	164.26M	164.26M

This table details how cash moves in and out of Latch's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	15	6.31	64	-15	-15	-24	-36
Net Cash From Operating Activities	-48	-54	-107	-135	-66	-75	-36
Net Cash From Continuing Operating Activities	-48	-55	-107	-135	-66	-75	-36
Net Income / (Loss) Continuing Operations	-50	-67	-167	-162	-108	-58	-54
Consolidated Net Income / (Loss)	-50	-67	-167	-162	-108	-58	-54
Depreciation Expense	0.72	1.42	3.09	5.50	7.20	7.20	5.28
Amortization Expense	-	-	4.49	2.29	-2.51	-1.20	-0.16
Non-Cash Adjustments To Reconcile Net Income	5.06	4.27	40	26	18	2.11	19
Changes in Operating Assets and Liabilities, net	-3.18	7.09	13	-7.12	19	-26	-5.96
Net Cash From Investing Activities	-3.77	-4.85	-277	126	50	73	1.69
Net Cash From Continuing Investing Activities	-3.77	-4.85	-277	126	50	73	1.69
Purchase of Property, Plant & Equipment	-3.76	-4.65	-7.47	-7.01	-1.84	-6.91	-3.69
Acquisitions	-0.00	-0.20	-0.70	0.00	8.09	-0.95	0.00
Purchase of Investments	0.00	0.00	-273	-80	-127	-20	-6.66
Sale of Property, Plant & Equipment	-	-	-	-	-	0.00	0.03
Sale and/or Maturity of Investments	0.00	0.00	4.64	214	171	101	12
Net Cash From Financing Activities	66	65	448	-6.04	0.00	-22	-1.22
Net Cash From Continuing Financing Activities	66	65	448	-6.04	0.00	-22	-1.22
Repayment of Debt	0.00	-3.44	-9.57	-4.71	0.00	-22	-1.22
Effect of Exchange Rate Changes	-	0.01	-0.01	-0.03	-0.05	0.05	-0.15
Cash Interest Paid	0.00	0.12	0.35	0.04	0.03	2.10	0.47
Cash Income Taxes Paid	0.06	0.01	0.07	0.07	0.01	0.00	-0.01

This table details how cash moves in and out of Latch's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-64	38	14	-21	-4.87	-12	-11	-12	-4.15	-7.96	-6.68
Net Cash From Operating Activities	-29	8.35	-31	-13	-17	-13	-10	-13	-4.90	-7.75	-5.14
Net Cash From Continuing Operating Activities	-28	7.83	-31	-13	-17	-13	-10	-13	-4.90	-7.75	-5.14
Net Income / (Loss) Continuing Operations	-27	-16	-14	-17	-17	-9.97	-11	-7.85	-6.58	-28	-5.94
Consolidated Net Income / (Loss)	-27	-16	-14	-17	-17	-9.97	-11	-7.85	-6.58	-28	-5.94
Depreciation Expense	1.86	1.83	1.90	1.81	1.81	1.69	1.52	1.32	1.27	1.16	1.01
Amortization Expense	-0.95	-1.08	-0.67	-0.27	-0.17	-0.10	-0.07	-0.04	-0.03	-0.01	-0.00
Non-Cash Adjustments To Reconcile Net Income	6.96	2.38	2.12	1.89	1.82	-3.72	0.31	0.00	0.16	18	0.16
Changes in Operating Assets and Liabilities, net	-8.72	21	-21	0.11	-3.89	-1.34	-0.64	-6.54	0.29	0.93	-0.37
Net Cash From Investing Activities	-35	30	45	14	13	1.01	-0.94	1.41	1.05	0.16	-1.40
Net Cash From Continuing Investing Activities	-35	30	45	14	13	1.01	-0.94	1.41	1.05	0.16	-1.40
Purchase of Property, Plant & Equipment	-0.31	-0.48	-0.96	-1.77	-1.64	-2.53	-0.24	-0.93	-0.90	-1.62	-0.82
Purchase of Investments	-76	-9.64	-3.67	-6.45	-1.78	-8.40	-4.26	-2.40	-	-	-0.57
Sale and/or Maturity of Investments	34	40	50	23	16	12	3.56	4.75	1.95	1.74	0.00
Net Cash From Financing Activities	-	-	0.00	-22	-	-	-0.22	-0.33	-0.33	-0.33	-0.33
Net Cash From Continuing Financing Activities	-	-	0.00	-22	-	-	-0.22	-0.33	-0.33	-0.33	-0.33
Repayment of Debt	-	-	0.00	-22	-	-	-0.22	-0.33	-0.33	-0.33	-0.33
Effect of Exchange Rate Changes	0.01	-0.03	-0.14	0.17	-0.02	0.03	-0.19	0.04	0.02	-0.02	0.20

This table presents Latch's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	90	450	317	294	196	107
Total Current Assets	80	331	279	237	130	65
Cash & Equivalents	61	125	110	95	70	35
Short-Term Investments	0.00	159	120	85	5.19	0.00
Accounts Receivable	8.23	12	7.03	6.00	9.86	7.96
Inventories, net	8.29	23	29	17	14	15
Prepaid Expenses	3.31	13	12	35	31	7.10
Plant, Property, & Equipment, net	0.75	2.04	2.47	1.47	1.07	0.84
Total Noncurrent Assets	8.50	116	35	56	65	41
Goodwill	-	-	0.00	25	30	14
Intangible Assets	7.42	11	14	15	13	11
Other Noncurrent Operating Assets	1.08	2.26	17	16	22	17
Total Liabilities & Shareholders' Equity	90	450	317	294	196	107
Total Liabilities	83	76	76	125	85	49
Total Current Liabilities	12	43	44	94	57	28
Short-Term Debt	-	-	0.00	22	1.31	1.31
Accounts Payable	3.73	6.52	6.01	3.64	7.82	4.45
Accrued Expenses	5.78	24	26	55	35	10
Current Deferred Revenue	2.34	7.26	11	11	12	11
Other Current Liabilities	0.00	4.53	1.93	2.89	1.09	0.79
Total Noncurrent Liabilities	71	33	32	31	28	21
Long-Term Debt	57	-	-	0.00	4.52	3.33
Noncurrent Deferred Revenue	13	23	31	29	21	15
Other Noncurrent Operating Liabilities	1.05	9.79	0.41	2.22	2.25	2.08
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-154	374	241	169	111	58
Total Preferred & Common Equity	-154	374	241	169	111	58
Total Common Equity	-154	374	241	169	111	58
Common Stock	7.90	706	736	770	770	770
Retained Earnings	-162	-331	-494	-601	-659	-712
Treasury Stock	-	-	-	0.00	-0.00	-0.00
Accumulated Other Comprehensive Income / (Loss)	0.01	-0.68	-1.46	0.05	0.02	0.04

This table presents Latch's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	290	264	231	214	174	155	142	99
Total Current Assets	231	203	171	150	112	93	80	58
Cash & Equivalents	56	109	87	83	59	47	43	28
Short-Term Investments	112	39	23	8.64	5.95	3.65	1.73	0.58
Accounts Receivable	6.92	7.80	13	11	13	12	7.92	5.90
Inventories, net	22	10	12	13	19	18	15	13
Prepaid Expenses	34	37	37	34	15	13	12	11
Plant, Property, & Equipment, net	1.60	1.04	0.80	0.74	0.95	0.97	0.92	0.80
Total Noncurrent Assets	57	60	59	63	62	61	61	41
Goodwill	25	26	26	30	30	30	30	14
Intangible Assets	16	14	15	16	12	12	11	11
Other Noncurrent Operating Assets	13	20	18	17	19	19	19	17
Total Liabilities & Shareholders' Equity	290	264	231	214	174	155	142	99
Total Liabilities	106	106	88	86	74	63	56	47
Total Current Liabilities	76	76	60	55	48	38	33	28
Short-Term Debt	22	22	0.00	0.98	1.31	1.31	1.31	1.31
Accounts Payable	2.24	2.42	3.30	3.09	6.05	8.30	6.99	4.90
Accrued Expenses	39	38	44	38	29	17	13	10
Current Deferred Revenue	11	11	11	12	11	11	11	11
Other Current Liabilities	2.17	3.44	1.80	1.49	0.65	0.63	0.73	0.78
Total Noncurrent Liabilities	30	30	28	31	26	24	22	19
Long-Term Debt	-	-	-	4.84	4.30	3.98	3.66	3.01
Noncurrent Deferred Revenue	30	27	25	23	20	18	17	14
Other Noncurrent Operating Liabilities	0.03	2.60	2.44	2.58	2.25	2.25	2.18	2.07
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	183	158	143	127	100	92	86	52
Total Preferred & Common Equity	183	158	143	127	100	92	86	52
Total Common Equity	183	158	143	127	100	92	86	52
Common Stock	768	772	774	776	770	770	770	771
Retained Earnings	-585	-615	-632	-649	-670	-678	-684	-718
Treasury Stock	-	-	-	-	-0.00	-0.00	-0.00	-0.00
Accumulated Other Comprehensive Income / (Loss)	-0.07	0.02	0.01	0.01	0.01	-0.01	0.03	0.07

This table displays calculated financial ratios and metrics derived from Latch's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	142,219,716.00	143,621,160.00	143,621,160.00	482,875,941.00	656,139,248.00
DEI Adjusted Shares Outstanding	0.00	0.00	142,219,716.00	143,621,160.00	143,621,160.00	482,875,941.00	656,139,248.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-1.18	-1.13	-0.75	-0.12	-0.08
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	-12.71%	112.49%	55.56%	4.67%	25.95%	23.82%
EBITDA Growth	0.00%	-27.86%	-139.96%	-0.81%	30.60%	49.58%	10.35%
EBIT Growth	0.00%	-28.85%	-146.49%	-0.90%	31.06%	46.27%	10.80%
NOPAT Growth	0.00%	-27.05%	-136.72%	-10.54%	33.27%	46.12%	11.27%
Net Income Growth	0.00%	-34.24%	-147.91%	2.88%	33.75%	46.44%	6.68%
EPS Growth	0.00%	-21.70%	79.27%	41.45%	36.28%	48.61%	8.11%
Operating Cash Flow Growth	0.00%	-13.93%	-96.31%	-26.96%	51.50%	-14.97%	52.40%
Free Cash Flow Firm Growth	0.00%	0.00%	-88.58%	-50.74%	38.19%	13.65%	67.44%
Invested Capital Growth	0.00%	0.00%	-522.21%	146.34%	98.04%	258.78%	-32.64%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	-7.11%	7.74%	5.11%	1.66%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	25.93%	9.22%	13.07%	-61.25%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	23.93%	9.66%	10.77%	-50.28%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	26.95%	9.71%	10.47%	-49.40%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	24.98%	10.50%	10.14%	-50.78%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-88.33%	12.20%	9.76%	-54.55%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-38.54%	13.32%	31.41%	-40.62%	13.66%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	27.12%	-33.04%	20.30%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-7.15%	-66.48%	-0.86%	-39.76%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	-16.19%	-20.22%	-18.25%	-9.14%	27.41%	44.14%	38.29%
EBITDA Margin	-329.01%	-481.92%	-544.22%	-352.68%	-233.83%	-93.60%	-67.77%
Operating Margin	-333.87%	-485.96%	-541.36%	-384.69%	-245.25%	-104.92%	-75.19%
EBIT Margin	-333.87%	-492.84%	-571.70%	-370.82%	-244.25%	-104.20%	-75.07%
Profit (Net Income) Margin	-337.38%	-518.84%	-605.32%	-377.92%	-239.19%	-101.71%	-76.65%
Tax Burden Percent	100.10%	100.01%	100.03%	100.05%	100.03%	100.00%	100.00%
Interest Burden Percent	100.95%	105.26%	105.85%	101.86%	97.90%	97.60%	102.11%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-2,952.91%	0.00%	0.00%	-884.22%	-156.29%	-105.96%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-1,560.10%	0.00%	0.00%	-868.75%	-142.19%	-72.12%
Return on Net Nonoperating Assets (RNNOA)	0.00%	821.96%	0.00%	0.00%	831.74%	115.19%	42.43%
Return on Equity (ROE)	0.00%	-2,130.94%	-87.90%	-52.81%	-52.47%	-41.09%	-63.53%
Cash Return on Invested Capital (CROIC)	0.00%	-3,152.91%	0.00%	-2,290.34%	-950.00%	-269.10%	-66.95%
Operating Return on Assets (OROA)	0.00%	-71.47%	-58.55%	-41.57%	-35.94%	-24.04%	-34.72%
Return on Assets (ROA)	0.00%	-75.24%	-62.00%	-42.37%	-35.20%	-23.47%	-35.45%
Return on Common Equity (ROCE)	0.00%	51,952.48%	-50.78%	-52.81%	-52.47%	-41.09%	-63.53%
Return on Equity Simple (ROE_SIMPLE)	0.00%	43.70%	-44.69%	-67.43%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-35	-44	-105	-116	-77	-42	-37
NOPAT Margin	-233.71%	-340.17%	-378.96%	-269.28%	-171.68%	-73.44%	-52.63%
Net Nonoperating Expense Percent (NNEP)	0.00%	-1,392.80%	-32.06%	-15.02%	-15.47%	-14.10%	-33.84%
Return On Investment Capital (ROIC_SIMPLE)	-	45.53%	-27.98%	-48.04%	-40.38%	-35.54%	-58.90%
Cost of Revenue to Revenue	116.19%	120.22%	118.25%	109.14%	72.59%	55.86%	61.71%
SG&A Expenses to Revenue	101.74%	153.32%	220.18%	128.72%	147.26%	78.53%	34.27%
R&D to Revenue	123.19%	198.45%	167.29%	127.89%	75.15%	30.58%	26.15%
Operating Expenses to Revenue	317.68%	465.74%	523.11%	375.55%	272.67%	149.05%	113.48%
Earnings before Interest and Taxes (EBIT)	-50	-64	-158	-159	-110	-59	-53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-49	-63	-150	-151	-105	-53	-48
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.80	1.25	0.59	0.18	0.42
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.83	1.32	0.78	0.30	0.71
Price to Revenue (P/Rev)	20.15	23.09	10.86	6.98	2.23	0.36	0.34
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	152.73	0.00	11.11	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	35.19	0.00	1.52	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	9.04	0.00	0.00	0.13	0.05	0.08
Long-Term Debt to Equity	0.00	9.04	0.00	0.00	0.00	0.04	0.06
Financial Leverage	0.00	-0.53	-1.03	-1.01	-0.96	-0.81	-0.59
Leverage Ratio	0.00	14.16	1.42	1.25	1.49	1.75	1.79
Compound Leverage Factor	0.00	14.91	1.50	1.27	1.46	1.71	1.83
Debt to Total Capital	0.00%	90.04%	0.00%	0.00%	11.51%	4.98%	7.41%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	11.51%	1.12%	2.10%
Long-Term Debt to Total Capital	0.00%	90.04%	0.00%	0.00%	0.00%	3.86%	5.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	252.83%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-242.87%	100.00%	100.00%	88.49%	95.02%	92.59%
Debt to EBITDA	0.00	-0.91	0.00	0.00	-0.21	-0.11	-0.10
Net Debt to EBITDA	0.00	0.05	0.00	0.00	1.50	1.31	0.63
Long-Term Debt to EBITDA	0.00	-0.91	0.00	0.00	0.00	-0.09	-0.07
Debt to NOPAT	0.00	-1.29	0.00	0.00	-0.29	-0.14	-0.13
Net Debt to NOPAT	0.00	0.08	0.00	0.00	2.04	1.67	0.81
Long-Term Debt to NOPAT	0.00	-1.29	0.00	0.00	0.00	-0.11	-0.09
Altman Z-Score	0.00	-1.67	1.02	-0.45	-2.88	-4.81	-9.60
Noncontrolling Interest Sharing Ratio	0.00%	2,538.01%	42.23%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	6.78	7.78	6.30	2.51	2.28	2.30
Quick Ratio	0.00	5.80	6.94	5.36	1.97	1.49	1.51
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-47	-89	-134	-83	-72	-23
Operating Cash Flow to CapEx	-1,265.95%	-1,166.90%	-1,426.00%	-1,928.40%	-3,558.65%	-1,091.73%	-980.95%
Free Cash Flow to Firm to Interest Expense	0.00	-237.18	-60.59	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-100.69	-272.67	-72.51	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-108.64	-296.04	-77.60	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.15	0.10	0.11	0.15	0.23	0.46
Accounts Receivable Turnover	0.00	1.58	2.75	4.54	6.90	7.14	7.87
Inventory Turnover	0.00	1.88	2.08	1.79	1.42	2.05	2.92
Fixed Asset Turnover	0.00	17.26	19.78	19.07	22.88	44.63	73.50
Accounts Payable Turnover	0.00	4.19	6.37	7.49	6.77	5.52	7.05
Days Sales Outstanding (DSO)	0.00	231.08	132.94	80.36	52.88	51.13	46.39
Days Inventory Outstanding (DIO)	0.00	193.76	175.32	204.42	257.20	178.46	125.00
Days Payable Outstanding (DPO)	0.00	87.20	57.28	48.75	53.95	66.13	51.75
Cash Conversion Cycle (CCC)	0.00	337.64	250.98	236.03	256.13	163.46	119.64
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	2.99	-13	5.86	12	42	28
Invested Capital Turnover	0.00	8.68	-5.72	-12.67	5.15	2.13	2.01
Increase / (Decrease) in Invested Capital	0.00	2.99	-16	18	5.74	30	-14
Enterprise Value (EV)	0.00	457	-87	65	-57	-49	-5.88
Market Capitalization	300	300	300	300	100	20	24
Book Value per Share	$0.00	($21.31)	$2.63	$1.69	$1.18	$0.69	$0.35
Tangible Book Value per Share	$0.00	($22.34)	$2.55	$1.59	$0.90	$0.42	$0.21
Total Capital	0.00	64	374	241	191	117	63
Total Debt	0.00	57	0.00	0.00	22	5.83	4.64
Total Long-Term Debt	0.00	57	0.00	0.00	0.00	4.52	3.33
Net Debt	0.00	-3.33	-387	-235	-158	-70	-30
Capital Expenditures (CapEx)	3.76	4.65	7.47	7.01	1.84	6.91	3.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	7.97	5.06	4.53	-15	-1.12	3.38
Debt-free Net Working Capital (DFNWC)	0.00	69	289	235	165	74	38
Net Working Capital (NWC)	0.00	69	289	235	143	73	37
Net Nonoperating Expense (NNE)	15	23	63	47	30	16	17
Net Nonoperating Obligations (NNO)	0.00	-3.33	-387	-235	-158	-70	-30
Total Depreciation and Amortization (D&A)	0.72	1.42	7.59	7.79	4.69	6.01	5.12
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	61.35%	18.31%	10.55%	-33.41%	-1.97%	4.83%
Debt-free Net Working Capital to Revenue	0.00%	527.13%	1,045.92%	546.14%	365.91%	131.16%	54.20%
Net Working Capital to Revenue	0.00%	527.13%	1,045.92%	546.14%	316.97%	128.84%	52.33%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($1.92)	($1.13)	($0.68)	($0.37)	($0.34)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	86.47M	143.62M	159.15M	156.65M	160.40M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($1.92)	($1.13)	($0.68)	($0.37)	($0.34)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	86.47M	143.62M	159.15M	156.65M	160.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	142.78M	0.00	0.00	0.00	164.26M
Normalized Net Operating Profit after Tax (NOPAT)	-35	-44	-105	-116	-77	-40	-25
Normalized NOPAT Margin	-233.71%	-340.17%	-378.96%	-269.28%	-171.68%	-69.92%	-36.06%
Pre Tax Income Margin	-337.05%	-518.78%	-605.12%	-377.71%	-239.12%	-101.70%	-76.65%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-105.08	-321.83	-107.46	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-73.56	-222.14	-71.23	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-113.03	-345.20	-112.55	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-81.51	-245.50	-76.32	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Latch's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	143,621,160.00	143,621,160.00	143,621,160.00	143,621,160.00	143,621,160.00	482,875,941.00	659,301,108.00	659,301,108.00	-	656,139,248.00	164,257,801.00
DEI Adjusted Shares Outstanding	143,621,160.00	143,621,160.00	143,621,160.00	143,621,160.00	143,621,160.00	482,875,941.00	659,301,108.00	659,301,108.00	-	656,139,248.00	164,257,801.00
DEI Earnings Per Adjusted Shares Outstanding	-0.19	-0.11	-0.10	-0.12	-0.12	-0.02	-0.02	-0.01	-	-0.04	-0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.44%	30.10%	7.94%	27.12%	54.48%	19.73%	31.07%	47.28%	16.62%	6.87%	-0.46%
EBITDA Growth	15.72%	39.46%	59.23%	47.06%	41.77%	48.62%	25.69%	60.45%	67.83%	-214.42%	51.70%
EBIT Growth	17.63%	40.67%	57.56%	44.43%	37.83%	41.57%	21.90%	56.65%	63.74%	-175.92%	48.94%
NOPAT Growth	11.83%	40.84%	57.77%	43.22%	39.23%	40.42%	21.21%	57.39%	63.61%	-170.28%	49.71%
Net Income Growth	21.64%	43.39%	58.58%	45.15%	37.47%	39.46%	17.50%	53.66%	61.41%	-181.62%	47.22%
EPS Growth	25.00%	50.00%	60.87%	47.62%	38.89%	40.00%	22.22%	54.55%	63.64%	-200.00%	42.86%
Operating Cash Flow Growth	4.80%	138.50%	-20.87%	31.56%	38.95%	-260.92%	67.41%	2.06%	72.01%	42.28%	49.27%
Free Cash Flow Firm Growth	-32.87%	54.24%	-45.38%	-228.00%	59.55%	-109.26%	57.21%	58.86%	54.04%	84.45%	155.47%
Invested Capital Growth	448.55%	98.04%	846.83%	1,127.33%	21.31%	258.78%	27.35%	44.58%	10.85%	-32.64%	-31.76%
Revenue Q/Q Growth	-4.96%	44.32%	-13.79%	7.50%	15.50%	11.85%	-5.62%	20.80%	-8.55%	2.50%	-12.09%
EBITDA Q/Q Growth	9.57%	39.71%	21.56%	-23.80%	0.53%	46.81%	-13.44%	34.91%	19.09%	-419.90%	82.58%
EBIT Q/Q Growth	10.61%	39.00%	17.81%	-23.98%	-0.02%	42.67%	-9.86%	31.91%	16.35%	-336.27%	79.67%
NOPAT Q/Q Growth	8.75%	39.94%	18.57%	-27.22%	2.33%	41.12%	-7.69%	31.93%	16.59%	-337.39%	79.96%
Net Income Q/Q Growth	11.65%	39.65%	17.16%	-24.20%	-0.70%	41.57%	-12.88%	30.23%	16.14%	-326.41%	78.84%
EPS Q/Q Growth	14.29%	44.44%	10.00%	-22.22%	0.00%	45.45%	-16.67%	28.57%	20.00%	-350.00%	77.78%
Operating Cash Flow Q/Q Growth	-46.51%	129.14%	-472.54%	56.97%	-30.68%	23.19%	24.54%	-29.30%	62.65%	-58.41%	33.67%
Free Cash Flow Firm Q/Q Growth	-228.41%	63.23%	-117.61%	-24.81%	59.50%	-90.25%	55.50%	-19.39%	54.75%	35.64%	258.76%
Invested Capital Q/Q Growth	1,189.67%	-66.48%	178.31%	1.06%	28.67%	-0.86%	-1.21%	14.73%	-1.34%	-39.76%	0.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.00%	34.54%	53.63%	45.85%	40.65%	39.09%	47.41%	43.01%	44.29%	19.35%	52.34%
EBITDA Margin	-280.96%	-117.36%	-106.78%	-122.97%	-105.90%	-50.37%	-60.54%	-33.02%	-29.22%	-148.18%	-29.37%
Operating Margin	-295.75%	-123.08%	-116.25%	-137.58%	-116.35%	-61.25%	-69.89%	-39.80%	-36.30%	-154.90%	-35.31%
EBIT Margin	-290.35%	-122.72%	-117.00%	-134.94%	-116.85%	-59.89%	-69.72%	-39.72%	-36.33%	-154.63%	-35.76%
Profit (Net Income) Margin	-282.00%	-117.92%	-113.31%	-130.91%	-114.14%	-59.63%	-71.32%	-41.19%	-37.77%	-157.13%	-37.82%
Tax Burden Percent	100.00%	100.12%	100.01%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Interest Burden Percent	97.12%	95.98%	96.83%	97.02%	97.68%	99.56%	102.30%	103.71%	103.96%	101.61%	105.75%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-422.29%	-443.74%	-209.03%	-317.87%	-114.58%	-91.24%	-80.47%	-46.42%	-39.60%	-218.30%	-50.05%
ROIC Less NNEP Spread (ROIC-NNEP)	-418.71%	-441.48%	-206.73%	-314.89%	-110.40%	-88.77%	-76.63%	-43.15%	-36.14%	-200.82%	-45.11%
Return on Net Nonoperating Assets (RNNOA)	380.31%	422.68%	186.83%	286.76%	83.17%	71.92%	54.81%	28.49%	21.14%	118.14%	24.64%
Return on Equity (ROE)	-41.97%	-21.06%	-22.20%	-31.12%	-31.41%	-19.32%	-25.66%	-17.94%	-18.45%	-100.15%	-25.41%
Cash Return on Invested Capital (CROIC)	-556.20%	-950.00%	-519.20%	-276.18%	-140.56%	-269.10%	-131.72%	-117.77%	-66.10%	-66.95%	-57.85%
Operating Return on Assets (OROA)	-38.45%	-18.06%	-19.46%	-25.79%	-25.02%	-13.82%	-19.23%	-13.70%	-14.11%	-71.51%	-18.32%
Return on Assets (ROA)	-37.34%	-17.35%	-18.85%	-25.02%	-24.44%	-13.76%	-19.67%	-14.21%	-14.67%	-72.67%	-19.37%
Return on Common Equity (ROCE)	-41.97%	-21.06%	-22.20%	-31.12%	-31.41%	-19.32%	-25.66%	-17.94%	-18.45%	-100.15%	-25.41%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-20	-12	-9.79	-12	-12	-7.17	-7.72	-5.31	-4.43	-19	-3.88
NOPAT Margin	-207.03%	-86.16%	-81.38%	-96.31%	-81.44%	-42.87%	-48.92%	-27.86%	-25.41%	-108.43%	-24.72%
Net Nonoperating Expense Percent (NNEP)	-3.58%	-2.26%	-2.29%	-2.98%	-4.18%	-2.47%	-3.83%	-3.28%	-3.45%	-17.48%	-4.94%
Return On Investment Capital (ROIC_SIMPLE)	-9.76%	-6.29%	-5.45%	-8.74%	-9.14%	-6.12%	-7.29%	-5.44%	-4.87%	-30.91%	-6.86%
Cost of Revenue to Revenue	37.00%	65.46%	46.37%	54.15%	59.35%	60.91%	52.59%	56.99%	55.71%	80.65%	47.66%
SG&A Expenses to Revenue	194.26%	83.88%	98.45%	129.28%	85.84%	18.36%	49.26%	30.73%	28.80%	29.25%	29.88%
R&D to Revenue	105.82%	41.75%	34.91%	22.72%	32.62%	31.72%	35.71%	23.37%	21.57%	25.15%	24.16%
Operating Expenses to Revenue	358.75%	157.62%	169.88%	183.43%	157.00%	100.34%	117.30%	82.81%	80.59%	174.26%	87.65%
Earnings before Interest and Taxes (EBIT)	-28	-17	-14	-17	-17	-10	-11	-7.57	-6.33	-28	-5.62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-27	-16	-13	-16	-16	-8.42	-9.55	-6.29	-5.09	-26	-4.61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.79	0.59	0.77	0.38	0.61	0.18	0.29	0.24	0.18	0.42	0.65
Price to Tangible Book Value (P/TBV)	1.02	0.78	1.03	0.54	0.96	0.30	0.50	0.45	0.36	0.71	1.20
Price to Revenue (P/Rev)	3.48	2.23	2.66	1.13	1.45	0.36	0.48	0.34	0.23	0.34	0.48
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.34
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.14
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.13	0.14	0.00	0.05	0.05	0.06	0.06	0.06	0.08	0.08
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.04	0.04	0.04	0.04	0.04	0.06	0.06
Financial Leverage	-0.91	-0.96	-0.90	-0.91	-0.75	-0.81	-0.72	-0.66	-0.58	-0.59	-0.55
Leverage Ratio	1.41	1.49	1.49	1.54	1.62	1.75	1.70	1.64	1.67	1.79	1.79
Compound Leverage Factor	1.37	1.43	1.44	1.50	1.58	1.74	1.74	1.70	1.73	1.82	1.90
Debt to Total Capital	10.73%	11.51%	12.25%	0.00%	4.37%	4.98%	5.31%	5.42%	5.47%	7.41%	7.64%
Short-Term Debt to Total Capital	10.73%	11.51%	12.25%	0.00%	0.74%	1.12%	1.24%	1.35%	1.45%	2.10%	2.32%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	3.63%	3.86%	4.07%	4.08%	4.02%	5.31%	5.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	89.27%	88.49%	87.75%	100.00%	95.63%	95.02%	94.69%	94.58%	94.53%	92.59%	92.36%
Debt to EBITDA	-0.19	-0.21	-0.25	0.00	-0.10	-0.11	-0.11	-0.13	-0.17	-0.10	-0.10
Net Debt to EBITDA	1.28	1.50	1.45	0.00	1.40	1.31	1.19	1.12	1.34	0.63	0.57
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-0.08	-0.09	-0.09	-0.10	-0.12	-0.07	-0.07
Debt to NOPAT	-0.26	-0.29	-0.34	0.00	-0.13	-0.14	-0.14	-0.16	-0.20	-0.13	-0.13
Net Debt to NOPAT	1.74	2.04	1.96	0.00	1.84	1.67	1.49	1.39	1.59	0.81	0.73
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-0.10	-0.11	-0.11	-0.12	-0.15	-0.09	-0.09
Altman Z-Score	-1.54	-1.84	-2.00	-2.93	-3.20	-3.99	-4.57	-5.21	-5.86	-8.83	-8.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.03	2.51	2.66	2.84	2.70	2.28	2.34	2.43	2.38	2.30	2.05
Quick Ratio	2.30	1.97	2.03	2.04	1.84	1.49	1.62	1.61	1.56	1.51	1.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-48	-18	-39	-48	-20	-37	-17	-20	-8.98	-5.78	9.18
Operating Cash Flow to CapEx	-9,241.61%	1,731.95%	-3,229.49%	-755.67%	-1,067.05%	-530.15%	-4,188.84%	-1,404.82%	-546.32%	-479.83%	-624.91%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.13	0.15	0.17	0.19	0.21	0.23	0.28	0.34	0.39	0.46	0.51
Accounts Receivable Turnover	5.75	6.90	4.90	4.56	6.05	7.14	5.94	5.47	7.33	7.87	7.60
Inventory Turnover	1.32	1.42	1.47	1.51	1.73	2.05	2.30	2.55	2.75	2.92	2.64
Fixed Asset Turnover	19.22	22.88	28.91	36.34	46.09	44.63	60.67	75.00	83.25	73.50	80.01
Accounts Payable Turnover	8.61	6.77	11.85	8.28	11.49	5.52	8.11	6.59	7.75	7.05	7.75
Days Sales Outstanding (DSO)	63.52	52.88	74.43	80.08	60.37	51.13	61.45	66.70	49.81	46.39	48.01
Days Inventory Outstanding (DIO)	275.78	257.20	248.06	241.82	211.18	178.46	158.90	143.01	132.70	125.00	138.22
Days Payable Outstanding (DPO)	42.40	53.95	30.80	44.06	31.78	66.13	45.00	55.40	47.13	51.75	47.07
Cash Conversion Cycle (CCC)	296.90	256.13	291.69	277.84	239.77	163.46	175.35	154.32	135.38	119.64	139.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	35	12	32	33	42	42	41	47	47	28	28
Invested Capital Turnover	2.04	5.15	2.57	3.30	1.41	2.13	1.64	1.67	1.56	2.01	2.03
Increase / (Decrease) in Invested Capital	28	5.74	29	36	7.38	30	8.83	15	4.56	-14	-13
Enterprise Value (EV)	-3.43	-57	-3.32	-55	-7.22	-49	-30	-23	-23	-5.88	9.54
Market Capitalization	145	100	122	55	78	20	29	22	16	24	34
Book Value per Share	$1.27	$1.18	$1.10	$0.99	$0.89	$0.69	$0.61	$0.56	$0.52	$0.35	$0.32
Tangible Book Value per Share	$0.99	$0.90	$0.82	$0.71	$0.57	$0.42	$0.35	$0.31	$0.27	$0.21	$0.17
Total Capital	205	191	180	143	133	117	106	98	91	63	57
Total Debt	22	22	22	0.00	5.82	5.83	5.62	5.29	4.97	4.64	4.32
Total Long-Term Debt	0.00	0.00	0.00	0.00	4.84	4.52	4.30	3.98	3.66	3.33	3.01
Net Debt	-149	-158	-125	-110	-85	-70	-59	-45	-39	-30	-24
Capital Expenditures (CapEx)	0.31	0.48	0.96	1.77	1.64	2.53	0.24	0.93	0.90	1.62	0.82
Debt-free, Cash-free Net Working Capital (DFCFNWC)	8.62	-15	1.14	0.73	4.09	-1.12	0.53	5.91	3.22	3.38	2.37
Debt-free Net Working Capital (DFNWC)	177	165	148	111	95	74	65	56	48	38	31
Net Working Capital (NWC)	155	143	126	111	94	73	64	55	46	37	30
Net Nonoperating Expense (NNE)	7.25	4.43	3.84	4.48	4.89	2.80	3.53	2.54	2.15	8.70	2.06
Net Nonoperating Obligations (NNO)	-149	-158	-125	-110	-85	-70	-59	-45	-39	-30	-24
Total Depreciation and Amortization (D&A)	0.91	0.75	1.23	1.55	1.64	1.59	1.45	1.28	1.24	1.15	1.00
Debt-free, Cash-free Net Working Capital to Revenue	20.67%	-33.41%	2.49%	1.50%	7.60%	-1.97%	0.87%	8.88%	4.67%	4.83%	3.39%
Debt-free Net Working Capital to Revenue	424.44%	365.91%	323.79%	227.79%	176.94%	131.16%	108.00%	84.65%	68.91%	54.20%	44.10%
Net Working Capital to Revenue	371.72%	316.97%	275.80%	227.79%	175.12%	128.84%	105.82%	82.68%	67.01%	52.33%	42.23%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	($0.10)	($0.09)	($0.11)	($0.11)	($0.06)	($0.07)	($0.05)	($0.04)	($0.18)	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	172.99M	149.63M	156.39M	156.39M	156.39M	156.65M	160.27M	160.42M	160.44M	160.40M	160.66M
Adjusted Diluted Earnings per Share	($0.16)	($0.10)	($0.09)	($0.11)	($0.11)	($0.06)	($0.07)	($0.05)	($0.04)	($0.18)	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	172.99M	149.63M	156.39M	156.39M	156.39M	156.65M	160.27M	160.42M	160.44M	160.40M	160.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	164.26M	164.26M
Normalized Net Operating Profit after Tax (NOPAT)	-20	-12	-9.79	-12	-12	-7.17	-7.72	-5.31	-4.43	-19	-3.88
Normalized NOPAT Margin	-207.03%	-86.16%	-81.38%	-96.31%	-81.44%	-42.87%	-48.92%	-27.86%	-25.41%	-108.43%	-24.72%
Pre Tax Income Margin	-282.00%	-117.79%	-113.29%	-130.91%	-114.14%	-59.63%	-71.32%	-41.19%	-37.77%	-157.13%	-37.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Latch Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Latch's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Latch's net income appears to be on a downward trend, with a most recent value of -$53.75 million in 2025, rising from -$50.23 million in 2019. The previous period was -$57.60 million in 2024.

Latch's total operating income in 2025 was -$52.72 million, based on the following breakdown:

Total Gross Profit: $26.85 million
Total Operating Expenses: $79.57 million

Over the last 6 years, Latch's total revenue changed from $14.89 million in 2019 to $70.12 million in 2025, a change of 371.0%.

Latch's total liabilities were at $48.79 million at the end of 2025, a 42.8% decrease from 2024, and a 41.4% decrease since 2020.

In the past 5 years, Latch's cash and equivalents has ranged from $34.62 million in 2025 to $124.78 million in 2021, and is currently $34.62 million as of their latest financial filing in 2025.

Over the last 6 years, Latch's book value per share changed from 0.00 in 2019 to 0.35 in 2025, a change of 35.4%.

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Financial statements for NASDAQ:LTCH last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Latch (LTCH) Financials

Financials Breakdown Chart

Latch Financials - Frequently Asked Questions

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Latch (LTCH) Financials

Annual Income Statements for Latch

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Financials Breakdown Chart

Latch Financials - Frequently Asked Questions

When does Latch's fiscal year end?

How has Latch's net income changed over the last 6 years?

What is Latch's operating income?

How has Latch's revenue changed over the last 6 years?

How much debt does Latch have?

How much cash does Latch have?

How has Latch's book value per share changed over the last 6 years?

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