Latch, Inc. Income Statement
LTCH|5 years of annual SEC 10-K data (FY2021-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 5 fiscal years. All figures from audited SEC 10-K filings.
Latch, Inc. reported $70M in revenue and $54M in net loss for FY2025. Revenue has grown at a 26.2% compound annual rate over the past 4 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -5.78 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $70.1M | $56.6M | $45.0M | $43.0M | $27.6M |
| Cost of Revenue | $43.3M | $31.6M | $32.6M | $46.9M | $32.7M |
| SG&A Expense | $24.0M | $44.5M | $66.2M | $55.3M | $60.8M |
| R&D Expense | $18.3M | $17.3M | $33.8M | $54.9M | $46.2M |
| Operating Income | -$52.7M | -$59.4M | -$110.3M | -$165.2M | -$149.5M |
| Income Tax | $0 | $2.0K | $30.0K | $89.0K | $53.0K |
| Net Income | -$53.7M | -$57.6M | -$107.5M | -$162.3M | -$167.1M |
| EPS (Basic) | -$0.37 | -$0.72 | -$1.93 | -$9.31 | -$7.65 |
| EPS (Diluted) | -$0.37 | -$0.72 | -$1.93 | -$9.31 | -$7.65 |
| Shares Outstanding | 164.1M | 175.5M | 140.5M | 13.6M | 8.2M |
| Operating Margin | -75.2% | -104.9% | -245.3% | -384.7% | -541.4% |
| Profit Margin | -76.6% | -101.7% | -239.2% | -377.9% | -605.3% |