# Latch, Inc. (LTCH) · Edgar & Edgarette company card

> Latch, Inc. (LTCH) grew revenue 23.8% in FY2025 to $70 million, operating margin -75.2% against a 5.0% median for hardware, equity 54.3% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1826000 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/LTCH) · [JSON](https://www.pops4.com/boards/company/LTCH.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $70M |
| Revenue growth, 1 year | 23.8% |
| Revenue growth per year | 26.2% |
| Operating margin | -75.2% (prior year -104.9%) |
| Net margin | -76.7% |
| Operating cash flow | −$36M |
| Capital spending | $79,000 |
| Free cash flow | −$36M |
| Cash | $35M |
| Long-term debt | $5M |
| Total assets | $107M |
| Total equity | $58M |
| Equity ÷ assets | 54.3% |
| Return on equity | -92.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -21.56 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Beneish M: -3.13 (below the −1.78 line)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late quarterly report notice, restructuring or exit costs in the last 12 months; operating cash flow was negative; operating loss: a margin of -75.2% in FY2025; revenue is hard to predict: its 80% range is ±52%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

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 $45.9M and $144.2M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $47.9M to $138.5M. A statistical range, not company guidance. Against peers (43 filers, $50M+ revenue, its industry group): operating margin -75.2% against a 5.0% median; growth 23.8% against 4.3%.

Range logged 2026-09-24, receipt cf9be1e61109767d, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-Q Late quarterly report notice: 1, latest 2025-11-17 ([filing](https://www.sec.gov/Archives/edgar/data/1826000/000182600025000082/0001826000-25-000082-index.htm))
- Item 2.05 Restructuring or exit costs: 1, latest 2026-08-05 ([filing](https://www.sec.gov/Archives/edgar/data/1826000/000110465926091071/0001104659-26-091071-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-08-28 ([filing](https://www.sec.gov/Archives/edgar/data/1826000/000182600026000054/0001826000-26-000054-index.htm))

## Recent filings

- 8-K · filed 2026-08-28 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1826000/000182600026000054/0001826000-26-000054-index.htm)
- 8-K · filed 2026-08-10 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1826000/000182600026000050/0001826000-26-000050-index.htm)
- 10-Q · filed 2026-08-10 · [filing](https://www.sec.gov/Archives/edgar/data/1826000/000182600026000048/0001826000-26-000048-index.htm)
- 8-K · filed 2026-08-05 · 2.05 Costs Associated with Exit or Disposal Activities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1826000/000110465926091071/0001104659-26-091071-index.htm)
- 8-K · filed 2026-07-30 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1826000/000110465926088410/0001104659-26-088410-index.htm)
- 8-K · filed 2026-06-17 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1826000/000110465926075114/0001104659-26-075114-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001826000.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1826000

## Cite

POPS4, Edgar & Edgarette: Latch, Inc. (LTCH) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/LTCH. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.