Latch, Inc.
Close on Oct 19, 2026
- Market cap
- $28.89M
- P/E (TTM)
- –
- Dividend yield
- –
About Latch
Wholesale-Hardware, SIC 5072
Latch, Inc., doing business as DOOR, provides an integrated building operations ecosystem comprising hardware, software, and services tailored primarily to multifamily rental housing. Its core offering centers on the DOOR Platform, a proprietary cloud-based software-as-a-service application that manages smart access systems—such as connected locks, readers, and intercoms—as well as smart home environmental controls. In addition to software and access devices, the firm delivers professional installation and on-demand maintenance through its HelloTech network, alongside direct property management services. Latch sells its devices and licenses its unified platform in a single operating segment to residential developers, builders, building owners, and property managers.
The company focuses its commercial operations on the United States and Canada, supported by channel distribution partners and nationwide technical personnel. Hardware manufacturing is outsourced to contract manufacturing facilities located across Asia and the United States. Corporate administrative activities are based in Olivette, Missouri, while workforce members largely operate on a remote structure.
Summary of the business section of Latch's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Latch, Inc.
- Founded
- 2014
- Headquarters
- Olivette, MO
- Address
- 1220 N Price Road, Suite 2 63132
- Phone
- (314) 227-1100
- Website
- door.com
- Employees
- 120, Dec 31, 2025
- Industry
- Wholesale-Hardware
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- BDO USA, P.C., St. Louis, MO
Stock & identifiers
- Ticker
- LTCH
- Exchange
- OTC
- IPO date
- Nov 10, 2020
- Shares outstanding
- 166M, Aug 7, 2026
- Public float
- $18.80M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 1826000
- CUSIP
- 51818V106
- ISIN
- US51818V1061
- EIN
- 85-3087759
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jeffrey M. Mayfield | Chief Financial Officer | 1,799,869 |
| David J. Lillis | Chief Executive Officer | 3,686,927 |
| Priyen N. Patel | Chief Strategy & Legal Officer | 1,839,387 |
| Ryan D. Salmons | Chief Prod. & Tech. Officer | 1,678,126 |
| James M. Malone | Chief Revenue Officer | – |
| James W. Siminoff | Chief Strategy Officer | 3,826,635 |
| Andrew Sugrue | Director | 22,148,910 |
| J. Allen Smith | Director | 831,483 |
| Peter Andrew James Campbell | Director | 682,779 |
| Robert J. Speyer | Director | 7,566,928 |
| Raju Rishi | Director | 735,268 |
| Patricia Han | Director | 1,209,940 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 David Lillis | $976.34K | $969.79K | $485.41K | $22 | – |
| FY2025 Jason Keyes | $4.45K | $4.45K | $485.41K | $22 | – |
| FY2024 David Lillis | $0 | $0 | $2.33M | $19 | – |
| FY2024 Jason Keyes | $141.82K | $141.82K | $2.33M | $19 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 120 full-time employees, all of which were based in the United States.”
Corporate history
Events identified from SEC filings