Latch, Inc. (LTCH) company profile

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.

“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.

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

“Each unit has an offering price of $10.00 and consists of one share of Class A common stock and one-third of one redeemable warrant.”

Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.

“As of December 31, 2025, we had approximately 120 full-time employees, all of which were based in the United States.”