{ "ok": true, "cik": "1826000", "ticker": "LTCH", "name": "Latch, Inc.", "filings": [ { "form": "8-K", "filed": "2026-08-28", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1826000/000182600026000054/0001826000-26-000054-index.htm" }, { "form": "8-K", "filed": "2026-08-10", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1826000/000182600026000050/0001826000-26-000050-index.htm" }, { "form": "10-Q", "filed": "2026-08-10", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1826000/000182600026000048/0001826000-26-000048-index.htm" }, { "form": "8-K", "filed": "2026-08-05", "items": [ "2.05 Costs Associated with Exit or Disposal Activities", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1826000/000110465926091071/0001104659-26-091071-index.htm" }, { "form": "8-K", "filed": "2026-07-30", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1826000/000110465926088410/0001104659-26-088410-index.htm" }, { "form": "8-K", "filed": "2026-06-17", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1826000/000110465926075114/0001104659-26-075114-index.htm" } ], "events12m": 12, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001826000.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1826000" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up Latch, Inc. ($LTCH). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-08-28. 12 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-04-09.", "auditor": { "changes": [ { "filed": "2025-04-09", "url": "https://www.sec.gov/Archives/edgar/data/1826000/000182600025000046/0001826000-25-000046-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 70117000, "revenueGrowth1y": 0.2381599858732122, "revenueGrowthPerYear": 0.2623431663199818, "yearsOfData": 5, "operatingMargin": -0.7519003950539812, "operatingMarginPrior": -1.049161221967155, "netMargin": -0.7665330804227221, "operatingCashFlow": -35893000, "capitalSpending": 79000, "freeCashFlow": -35972000, "researchAndDevelopment": 18338000, "researchShareOfRevenue": 0.2615342926822311, "cash": 34620000, "longTermDebt": 4644000, "longTermDebtChange": -0.2032938754503345, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 27613000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 42955000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 44961000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 56630000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 70117000 } ], "totalEquity": 58011000, "totalAssets": 106802000, "equityRatio": 0.5431639856931518, "returnOnEquity": -0.9264966989019324, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 62151861.31216493, "high": 111600657.90594217, "baseline": 84687098.12258473, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 62151861.31216493, "high": 111600657.90594217 } }, "edgarette": "🔖 Exposure: revenue $70.1M (FY2025), total debt $4.6M. Experience: revenue up 23.8% on the year, up 26.2% a year over 4 years; operating margin -75.2%, up from -104.9%. Soundness: equity 54.3% of assets, return on equity -92.6%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $62.2M and $111.6M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (43 filers, $50M+ revenue, its industry group): operating margin -75.2% against a 5.0% median; growth 23.8% against 4.3%.", "peers": { "sic": 5072, "sicDescription": "Wholesale-Hardware", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "50", "growth": [ 0.0427, 44 ], "opMargin": [ 0.0495, 43 ], "equityRatio": [ 0.3754, 43 ], "returnOnEquity": [ 0.0979, 41 ], "payoutRatio": [ 0.342, 23 ] }, "summary": "Latch, Inc. (LTCH) grew revenue 23.8% in FY2025 to $70 million, operating margin -75.2% against a 5.0% median for wholesale-hardware, equity 54.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Latch, Inc. against its own record and its peers
Operating marginPeer median 5.0%-75.2%Revenue, on the yearPeer median 4.3%23.8%Equity of assetsPeer median 37.5%54.3%Return on equityPeer median 9.8%-92.6%Gold tick: the median of 41–43 peers with $50M+ revenue in wholesale-hardware
", "chartHorizon": null, "backtest": { "tests": 3, "hits": 2, "rate": 0.6666666666666666, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:23:53.053Z", "hash": "35150b9c3f6c188f", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Latch, Inc. (LTCH) grew revenue 23.8% in FY2025 to $70 million, operating margin -75.2% against a 5.0% median for wholesale-hardware, equity 54.3% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 70117000, "totalDebt": 4644000, "cash": 34620000 }, "experience": { "revenueGrowth1y": 0.2381599858732122, "revenueGrowthPerYear": 0.2623431663199818, "operatingMargin": -0.7519003950539812, "operatingMarginPrior": -1.049161221967155, "netMargin": -0.7665330804227221, "freeCashFlow": -35972000 }, "soundness": { "equityRatio": 0.5431639856931518, "returnOnEquity": -0.9264966989019324, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 5072, "sicDescription": "Wholesale-Hardware", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "50", "growth": [ 0.0427, 44 ], "opMargin": [ 0.0495, 43 ], "equityRatio": [ 0.3754, 43 ], "returnOnEquity": [ 0.0979, 41 ], "payoutRatio": [ 0.342, 23 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2025-04-09", "url": "https://www.sec.gov/Archives/edgar/data/1826000/000182600025000046/0001826000-25-000046-index.htm" } }, "range": { "low": 62151861.31216493, "high": 111600657.90594217, "baseline": 84687098.12258473, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 3, "hits": 2, "rate": 0.6666666666666666, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:23:53.053Z", "hash": "35150b9c3f6c188f", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001826000.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1826000" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }