LTCHOTCWholesale-HardwareFiscal year ends December 31
Latch, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$0.18+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $28.89M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
38.3%+58.5 pts over 5 years
Operating margin
-75.2%+410.8 pts over 5 years
Net margin
-76.7%+442.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +23.8% | +17.7% | +40.1% | – | |
| Gross profit | +7.4% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 54.6% | -63.5% | |
| Return on assets | – | – | -35.5% | |
| Current ratio | – | 6.78 | 2.30 | |
| Debt to equity | – | – | 0.08 | |
| Net debt to EBITDA | – | – | 0.63× | |
| Interest coverage | – | -18.4× | -17.6× | |
| Inventory turnover | – | – | 2.9× | |
| Capex to revenue | – | 2.1% | 0.1% | |
| Diluted shares | – | 7M | 160M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Latch generated $418.65M from operations and spent $4.95M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$418.65M
Used
$4.95M
Capital expenditure$4.95M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-76.7%
×Asset turnover0.46×
×Equity multiplier1.79×
=Return on equity, FY2025-63.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -76.7% | 0.46× | 1.79× | -63.5% |
| FY2024 | -101.7% | 0.23× | 1.75× | -41.1% |
| FY2023 | -239.2% | 0.15× | 1.49× | -52.5% |
| FY2022 | -377.9% | 0.11× | 1.25× | -52.8% |
| FY2021 | -605.3% | 0.10× | 2.47× | -153.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$53.75M
- Cash generatingOperating cash flow above zero-$35.89M
- Return on assets improvedROA up on the prior year-19.6% → -27.4%
- Earnings backed by cashOperating cash flow above net income-$35.89M vs -$53.75M
- Less leverageLong-term debt to assets fell2.3% → 3.1%
- Better liquidityCurrent ratio rose2.28 → 2.30
- No dilutionShare count did not rise157M → 160M
- Gross margin improvedGross margin up on the prior year44.14% → 38.29%
- More efficientAsset turnover rose0.19 → 0.36