Company / R&D Expense
Latch, Inc. R&D Expense History
FY2021-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$18.3M
FY2025
5-year range
$17.3M / $54.9M
FY2021-FY2025
Trend
+5.9%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense returned to growth in FY2025 after 2 years of decline, reaching $18M.
Based on SEC 10-K filings.
$18M in FY2025 with a 3-year CAGR of -30.6%.
Declined from $34M to $18M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -30.6%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Key checks
Key Insights
- 3-year CAGR of -30.6%, indicating a declining trend.
- In FY2025, r&d expense increased 5.9% year-over-year.
- Peak r&d expense was recorded in FY2022.
- Lowest r&d expense in the period was in FY2024.
Company context
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.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $18.3M | +5.9% |
| FY2024 | $17.3M | -48.7% |
| FY2023 | $33.8M | -38.5% |
| FY2022 | $54.9M | +18.9% |
| FY2021 | $46.2M | - |
As of FY2025 · SEC 10-K · Updated Jun 29, 2026