LATCH INC (LTCH) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LTCH SEC filings page.
LATCH INC (LTCH) reported $70.1M in revenue for fiscal year 2025, up 23.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue is expanding, but gross-profit gains are not yet covering the operating structure, leaving cash generation negative.
In FY2025, gross profit of$26.9M remained below combined SG&A and R&D of$42.4M , so positive product economics did not yet fund the operating structure. Cash conversion was also clear: operating cash flow of-$35.9M nearly matched free cash flow of-$36.0M , indicating that the cash shortfall was primarily operational rather than driven by heavy capital spending.
Revenue grew in FY2025 while gross margin fell from
The company operated from a much smaller financial base, with total assets falling to
Financial Health Signals
LATCH INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
LATCH INC scores -9.58, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($26.2M) relative to total liabilities ($48.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
LATCH INC passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
LATCH INC reported a net loss of $53.7M while operations used $35.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
LATCH INC reported an operating loss of $52.7M against $3.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
LATCH INC generated $15.6M in revenue in Q2 2026. This represents a decrease of 18.1% from the same quarter a year earlier. Against the prior quarter it is down 0.6%.
LATCH INC's EBITDA was -$6.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.1% from the same quarter a year earlier. Against the prior quarter it is down 36.5%.
LATCH INC reported -$6.9M in net income in Q2 2026. This represents an increase of 12.1% from the same quarter a year earlier. Against the prior quarter it is down 16.2%.
LATCH INC earned -$0.04 per diluted share (EPS) in Q2 2026. This represents an increase of 20.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
Cash & Balance Sheet
LATCH INC held $19.1M in cash against $4.4M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
LATCH INC's gross margin was 49.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 6.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.
LATCH INC's operating margin was -46.2% in Q2 2026, reflecting core business profitability. This is down 6.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.9 percentage points.
LATCH INC's net profit margin was -44.2% in Q2 2026, showing the share of revenue converted to profit. This is down 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.4 percentage points.
LATCH INC's ROE was -15.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 6.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.7 percentage points.
Capital Allocation
LATCH INC invested $4.1M in research and development in Q2 2026. This represents a decrease of 8.9% from the same quarter a year earlier. Against the prior quarter it is up 7.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
LTCH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.6M-18.1% | $15.7M-0.5% | $17.9M+6.9% | $17.4M+16.6% | $19.1M+47.3% | $15.8M+31.1% | $16.7M+19.7% | $14.9M+54.5% |
| Cost of Revenue | $8.0M-26.7% | $7.5M-9.8% | $14.4M+41.5% | $9.7M+9.5% | $10.9M+55.0% | $8.3M+48.6% | $10.2M+11.4% | $8.9M+147.8% |
| Gross Profit | $7.7M-6.6% | $8.2M+9.9% | $3.5M-47.1% | $7.7M+27.0% | $8.2M+38.2% | $7.5M+15.9% | $6.5M+35.5% | $6.1M-0.3% |
| R&D Expenses | $4.1M-8.9% | $3.8M-32.7% | $4.5M-15.3% | $3.8M-22.9% | $4.5M+51.5% | $5.6M+34.1% | $5.3M-9.0% | $4.9M-52.4% |
| SG&A Expenses | $6.0M+2.3% | $4.7M-39.6% | $5.4M+75.4% | $5.0M-60.9% | $5.9M-65.0% | $7.8M-34.4% | $3.1M-73.8% | $12.8M-31.7% |
| Operating Income | -$7.2M+4.9% | -$5.5M+49.7% | -$27.8M-171.4% | -$6.3M+63.6% | -$7.6M+57.4% | -$11.0M+21.2% | -$10.2M+40.4% | -$17.4M+39.2% |
| EBITDA | -$6.2M+1.1% | -$4.5M+52.3% | -$26.6M-211.4% | -$5.1M+67.6% | -$6.3M+60.8% | -$9.5M+21.4% | -$8.6M+44.3% | -$15.6M+41.8% |
| Interest Expense | $496K-34.6% | $568K-34.5% | $673K-25.1% | $704K-23.6% | $758K-31.1% | $867K-44.3% | $898K-44.1% | $922K-46.2% |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% | $0 |
| Net Income | -$6.9M+12.1% | -$5.9M+47.2% | -$28.1M-181.6% | -$6.6M+61.4% | -$7.8M+53.7% | -$11.3M+17.5% | -$10.0M+39.5% | -$17.1M+37.5% |
| EPS (Basic) | -$0.04+20.0% | -$0.04+42.9% | -$0.18-157.1% | -$0.04+63.6% | -$0.05+54.5% | -$0.07+22.2% | -$0.07+22.2% | -$0.11+38.9% |
| EPS (Diluted) | -$0.04+20.0% | -$0.04+42.9% | -$0.18-157.1% | -$0.04+63.6% | -$0.05+54.5% | -$0.07+22.2% | -$0.07+22.2% | -$0.11+38.9% |
| Diluted Shares (Avg) | 161M+0.5% | 161M+0.2% | N/A | 160M+2.6% | 160M+2.6% | 160M+2.5% | N/A | 156M+1.3% |
LTCH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $93.4M-39.7% | $99.4M-42.9% | $106.8M-45.6% | $141.6M-33.7% | $155.0M-32.8% | $174.1M-33.9% | $196.4M-33.3% | $213.5M-26.3% |
| Current Assets | $47.8M-48.8% | $57.7M-48.4% | $64.9M-50.1% | $79.6M-46.9% | $93.4M-45.3% | $111.6M-45.0% | $130.2M-45.0% | $149.8M-35.3% |
| Cash & Equivalents | $19.1M-59.2% | $27.9M-52.4% | $34.6M-50.7% | $42.6M-48.4% | $46.7M-46.6% | $58.7M-45.9% | $70.2M-25.8% | $82.6M+46.7% |
| Short-Term Investments | $1.8M-50.8% | $576K-90.3% | $0-100.0% | $1.7M-80.0% | $3.6M-83.8% | $6.0M-84.6% | $5.2M-93.9% | $8.6M-92.3% |
| Inventory | $12.1M-33.5% | $12.7M-34.6% | $15.3M+6.1% | $15.1M+14.0% | $18.2M+55.2% | $19.4M+85.8% | $14.4M-13.2% | $13.3M-40.1% |
| Accounts Receivable | $7.8M-32.8% | $5.9M-52.9% | $8.0M-19.3% | $7.9M-27.4% | $11.6M-9.1% | $12.5M+60.5% | $9.9M+64.4% | $10.9M+57.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% |
| Goodwill | $13.6M-55.0% | $13.6M-55.0% | $13.6M-55.0% | $30.2M0.0% | $30.2M+16.8% | $30.2M+18.1% | $30.2M+19.3% | $30.2M+19.3% |
| Total Liabilities | $47.7M-24.0% | $47.1M-36.3% | $48.8M-42.8% | $55.7M-35.3% | $62.7M-28.7% | $74.0M-30.2% | $85.2M-32.0% | $86.1M-19.1% |
| Current Liabilities | $28.4M-26.2% | $28.1M-41.2% | $28.2M-50.6% | $33.4M-39.8% | $38.5M-36.1% | $47.8M-37.5% | $57.2M-39.4% | $55.5M-27.3% |
| Non-Current Liabilities | $19.3M-20.5% | $19.0M-27.4% | $20.5M-26.8% | $22.3M-27.1% | $24.3M-12.4% | $26.2M-11.4% | $28.0M-9.4% | $30.7M+1.7% |
| Long-Term Debt | $4.4M+9.6% | $3.0M-30.1% | $3.3M-26.2% | $3.7M-24.5% | $4.0M | $4.3M | $4.5M | $4.8M |
| Total Equity | $45.8M-50.4% | $52.3M-47.8% | $58.0M-47.8% | $85.9M-32.6% | $92.3M-35.3% | $100.2M-36.4% | $111.2M-34.3% | $127.4M-30.4% |
| Retained Earnings | -$725.3M-7.0% | -$718.4M-7.2% | -$712.5M-8.2% | -$684.4M-5.5% | -$677.8M-7.3% | -$670.0M-9.0% | -$658.7M-9.6% | -$648.8M-11.0% |
LTCH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3.3M+75.2% | -$5.1M+49.3% | -$7.8M+42.3% | -$4.9M+72.0% | -$13.1M+2.1% | -$10.1M+67.4% | -$13.4M-260.9% | -$17.5M+39.0% |
| Depreciation & Amortization | $1.0M-22.7% | $1.0M-33.8% | $1.2M-31.0% | $1.3M-29.6% | $1.3M-27.2% | $1.5M-19.7% | $1.7M-7.6% | $1.8M-2.7% |
| Stock-Based Compensation | $517K+1134.0% | $154K-38.6% | N/A | $167K-90.6% | -$50K-102.6% | $251K-87.9% | N/A | $1.8M-76.4% |
| Capital Expenditures | N/A | N/A | $5K-99.1% | -$3K-98.4% | $77K+156.7% | $0-100.0% | $536K+180.6% | $190K+258.5% |
| Free Cash Flow | N/A | N/A | -$7.8M+44.5% | -$4.9M+72.3% | -$13.2M+1.7% | -$10.1M+67.4% | -$14.0M-271.3% | -$17.7M+38.4% |
| Investing Cash Flow | -$200K-114.2% | -$1.4M-49.2% | $156K-84.6% | $1.1M-91.7% | $1.4M-90.0% | -$935K-102.1% | $1.0M-96.6% | $12.6M+136.2% |
| Financing Cash Flow | -$199K+40.2% | -$333K-49.3% | -$334K | -$333K | -$333K+98.5% | -$223K | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
LTCH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.0%+6.0pp | 52.3%+4.9pp | 19.4%-19.7pp | 44.3%+3.6pp | 43.0%-2.8pp | 47.4%-6.2pp | 39.1%+4.6pp | 40.6%-22.4pp |
| Operating Margin | -46.2%-6.4pp | -35.3%+34.6pp | -155.6% | -36.3% | -39.8% | -69.9% | -61.3% | -116.3% |
| Net Margin | -44.2%-3.0pp | -37.8%+33.5pp | -157.1% | -37.8% | -41.2% | -71.3% | -59.6% | -114.1% |
| Return on Equity | -15.1%-6.6pp | -11.4%-0.1pp | -48.4%-39.4pp | -7.7%+5.7pp | -8.5%+3.4pp | -11.2%-2.6pp | -9.0%+0.8pp | -13.4%+1.5pp |
| Return on Assets | -7.4%-2.3pp | -6.0%+0.5pp | -26.3%-21.2pp | -4.7%+3.3pp | -5.1%+2.3pp | -6.5%-1.3pp | -5.1%+0.5pp | -8.0%+1.4pp |
| Current Ratio | 1.68-0.7x | 2.05-0.3x | 2.300.0x | 2.38-0.3x | 2.43-0.4x | 2.34-0.3x | 2.28-0.2x | 2.70-0.3x |
| Debt-to-Equity | 0.10+0.1x | 0.060.0x | 0.060.0x | 0.040.0x | 0.04-0.6x | 0.04-0.6x | 0.040.0x | 0.04-0.5x |
| Asset Turnover | 0.170.0x | 0.16+0.1x | 0.17+0.1x | 0.12+0.1x | 0.12+0.1x | 0.090.0x | 0.090.0x | 0.070.0x |
| FCF Margin | N/A | N/A | -43.4%+40.1pp | -28.1% | -69.2% | -64.3% | -83.6%-142.0pp | -118.3% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| LATCH INC LTCH | FY2025 | $70.1M | -$53.7M | -76.6% | $26.2M | — |
| UPAY INC UPYY | FY2026 | $746K | -$1.4M | N/A | $15.9M | — |
| PAID INC PAYD | FY2025 | $20.7M | -$368K | -1.8% | $18.7M | — |
Where LATCH INC Ranks
Frequently Asked Questions
What is LATCH INC's annual revenue?
LATCH INC (LTCH) reported $70.1M in total revenue for fiscal year 2025. This represents a 23.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is LATCH INC's revenue growing?
LATCH INC (LTCH) revenue grew by 23.8% year-over-year, from $56.6M to $70.1M in fiscal year 2025.
Is LATCH INC profitable?
No, LATCH INC (LTCH) reported a net income of -$53.7M in fiscal year 2025, with a net profit margin of -76.6%.
What is LATCH INC's EBITDA?
LATCH INC (LTCH) had EBITDA of -$47.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does LATCH INC have?
As of fiscal year 2025, LATCH INC (LTCH) had $34.6M in cash and equivalents against $3.3M in long-term debt.
What is LATCH INC's gross margin?
LATCH INC (LTCH) had a gross margin of 38.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is LATCH INC's operating margin?
LATCH INC (LTCH) had an operating margin of -75.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is LATCH INC's net profit margin?
LATCH INC (LTCH) had a net profit margin of -76.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is LATCH INC's return on equity (ROE)?
LATCH INC (LTCH) has a return on equity of -92.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is LATCH INC's free cash flow?
LATCH INC (LTCH) recorded an outflow of $36.0M in free cash flow during fiscal year 2025. This represents a 52.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is LATCH INC's operating cash flow?
LATCH INC (LTCH) recorded an outflow of $35.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are LATCH INC's total assets?
LATCH INC (LTCH) had $106.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are LATCH INC's capital expenditures?
LATCH INC (LTCH) invested $79K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does LATCH INC spend on research and development?
LATCH INC (LTCH) invested $18.3M in research and development during fiscal year 2025.
What is LATCH INC's current ratio?
LATCH INC (LTCH) had a current ratio of 2.30 as of fiscal year 2025, which is generally considered healthy.
What is LATCH INC's debt-to-equity ratio?
LATCH INC (LTCH) had a debt-to-equity ratio of 0.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is LATCH INC's return on assets (ROA)?
LATCH INC (LTCH) had a return on assets of -50.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is LATCH INC's P/E ratio?
LATCH INC (LTCH) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $26.2M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is LATCH INC's price-to-sales ratio?
LATCH INC (LTCH) trades at 0.4x sales, its market capitalization divided by revenue of $66.6M revenue, trailing 12 months to June 30, 2026. The market capitalization is $26.2M as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does LATCH INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, LATCH INC (LTCH) held $34.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $35.9M over that year. Dividing the one by the other, the reported balance equals about 12 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is LATCH INC's Altman Z-Score?
LATCH INC (LTCH) has an Altman Z-Score of -9.58, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is LATCH INC's Piotroski F-Score?
LATCH INC (LTCH) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are LATCH INC's earnings high quality?
LATCH INC (LTCH) reported a net loss of $53.7M while operations used $35.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can LATCH INC cover its interest payments?
LATCH INC (LTCH) reported an operating loss of $52.7M against $3.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.