Latch, Inc.
LTCH· OTC· Wholesale-Hardware
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -51.3%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +40.1%
We record prices for the companies we cover; LTCH is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 160.4M
- Revenue
- $70.1M
- Free cash flow
- -$36.0M
- Owner earnings
- -$36.5M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- -75.2%
- Net
- -76.7%
- Free cash flow
- -51.3%
- Owner earnings
- -52.1%
- Stock pay
- 0.8%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -92.6%
- ROE, 5 yr avg
- -64.0%
Growth (CAGR)
- Revenue, 3 yr
- 17.7%
- Revenue, 5 yr
- 40.1%
- Revenue, 6 yr
- 29.5%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 6 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 6 yr
- –
Financial health · FY2025
- Cash and investments
- $34.6M
- Total debt
- $4.6M
- Net cash
- $30.0M
- Debt/Equity
- 0.1x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 85.8%
Financials: ten years from the 10-Ks
Revenue
$70.1M
+29.5% a year over 6 years
FY2019FY2025
Margins
Operating-75.2%Net-76.7%
FY2025
FY2019FY2025
Free cash flow and owner earnings
Free cash flow-$36.0MOwner earnings-$36.5M
FY2025
FY2019FY2025
Diluted shares
160.4M
+2343.3% over 6 years, net dilution
FY2019FY2025
Net cash
$30.0M
$30.0M more cash than debt
FY2019FY2025
Every figure, year by year
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| The business | |||||||
| Revenue | $14.9M | $13.0M | $27.6M | $43.0M | $45.0M | $56.6M | $70.1M |
| Revenue growth | – | -12.7% | 112.5% | 55.6% | 4.7% | 26.0% | 23.8% |
| Gross margin | – | – | – | – | – | – | – |
| Operating margin | -333.9% | -486.0% | -541.4% | -384.7% | -245.3% | -104.9% | -75.2% |
| Net income | -$50.2M | -$67.4M | -$167.1M | -$162.3M | -$107.5M | -$57.6M | -$53.7M |
| Net margin | -337.4% | -518.8% | -605.3% | -377.9% | -239.2% | -101.7% | -76.7% |
| Diluted EPS | $-7.65 | $-9.31 | $-1.93 | $-1.13 | $-0.72 | $-0.37 | $-0.34 |
| Return on invested capital? | – | – | – | – | – | – | – |
| Cash | |||||||
| Operating cash flow | -$47.6M | -$54.3M | -$106.5M | -$135.2M | -$65.6M | -$75.4M | -$35.9M |
| Capital expenditure | $908.0K | $269.0K | $1.5M | $2.2M | $327.0K | $766.0K | $79.0K |
| Free cash flow | -$48.5M | -$54.5M | -$108.1M | -$137.5M | -$65.9M | -$76.2M | -$36.0M |
| Stock-based compensation | $3.5M | $1.5M | $29.1M | $30.3M | $18.2M | -$580.0K | $551.0K |
| Owner earnings? | -$52.1M | -$56.1M | -$137.1M | -$167.7M | -$84.1M | -$75.6M | -$36.5M |
| Free cash flow per share | $-7.39 | $-7.53 | $-1.25 | $-0.96 | $-0.44 | $-0.49 | $-0.22 |
| Capital allocation | |||||||
| Dividends paid | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | – | – |
| Diluted shares | 6.6M | 7.2M | 86.5M | 143.6M | 149.6M | 156.7M | 160.4M |
| Share count change? | – | 10.3% | 1094.6% | 66.1% | 4.2% | 4.7% | 2.4% |
| Balance sheet | |||||||
| Cash and equivalents | $54.2M | $60.5M | $124.8M | $109.8M | $94.7M | $70.2M | $34.6M |
| Short-term investments | – | $0 | $159.0M | $120.2M | $84.9M | $5.2M | $0 |
| Total debt | – | $51.7M | $0 | – | $22.0M | $5.8M | $4.6M |
| Net debt | – | -$8.8M | -$283.8M | – | -$157.5M | -$69.6M | -$30.0M |
| Shareholders' equity | -$90.9M | -$155.9M | $374.0M | $240.8M | $169.1M | $111.2M | $58.0M |
Latest filings
| 2026-08-10 | 8-K | Earnings release |
| 2026-08-10 | 10-Q | Quarterly report |
| 2026-05-15 | 8-K | Earnings release |
| 2026-05-15 | 10-Q | Quarterly report |
| 2026-04-30 | DEF 14A | Proxy statement |
| 2026-03-31 | 8-K | Earnings release |
| 2026-03-31 | 10-K | Annual report |
| 2026-02-11 | 8-K | Earnings release |
| 2026-02-11 | 10-Q | Quarterly report |
| 2026-01-23 | 8-K | Earnings release |
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