Welcome to our dedicated page for Latch SEC filings (Ticker: LTCH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Latch, Inc. filings document the DOOR-branded building-intelligence business, its OTC-traded LTCH common stock and the formal reporting records behind recent financial updates. Annual and quarterly reports address revenue, software revenue, net loss, adjusted EBITDA reconciliations, warrant-liability fair value, restructuring costs, non-ordinary-course legal fees and settlement reserves, liquidity metrics, restatement matters, revenue-recognition practices and internal-control disclosures.
Proxy materials cover annual meeting matters such as director elections, auditor ratification and advisory stockholder votes. Current reports on Form 8-K furnish operating and financial results and related press releases, while the broader filing record reflects reporting-status updates, governance disclosures, risk factors and capital-structure items for Latch as it continues to operate under its legal name and LTCH trading symbol.
Latch, Inc. (LTCH) reported adopting a retention bonus program on August 24, 2026 for certain key employees, including CEO David Lillis, CFO Jeff Mayfield, and Chief Strategy and Legal Officer Priyen Patel. The program provides cash retention awards of $250,000, $225,000, and $187,500, respectively.
The awards generally require continued employment through December 31, 2027. They are not accelerated upon a change of control or other corporate transaction, but each executive may receive a pro rata payment if terminated without cause or resigning for good reason before that date. Paid amounts are subject to clawback if grounds for a for-cause termination are later determined.
Latch, Inc. (LTCH) reported that Chief Financial Officer Jeffrey M. Mayfield received a grant of 1,750,000 restricted stock units (RSUs), each representing one share of common stock upon vesting. The RSUs vest in twelve substantially equal quarterly installments over a three-year period starting March 31, 2026, subject to continued service. On the same date, 42,364 shares of common stock were withheld at $0.15 per share to satisfy tax withholding obligations related to RSU vesting and settlement.
Latch, Inc. (LTCH) reported that its Chief Executive Officer, David J. Lillis, received a grant of 3,000,000 restricted stock units (RSUs) on August 24, 2026. Each RSU represents one share of common stock and vests in twelve substantially equal quarterly installments over three years, beginning March 31, 2026, subject to his continued service. On the same date, 72,629 shares of common stock were withheld by Latch at $0.15 per share to satisfy tax withholding obligations related to RSU vesting and settlement.
Latch, Inc. (LTCH) reported insider equity compensation activity for Chief Product & Technology Officer Ryan D. Salmons. On August 24, 2026, Salmons was granted 1,250,000 restricted stock units (RSUs), each representing one share of common stock upon vesting. These RSUs vest in twelve substantially equal quarterly installments over three years, starting March 31, 2026, subject to continued service. On the same date, 29,952 shares of common stock were withheld at $0.15 per share to satisfy tax withholding obligations related to RSU vesting and settlement.
Latch, Inc. (LTCH) reported that Chief Strategy & Legal Officer Priyen N. Patel received an equity compensation grant and related tax withholding transactions. On August 24, 2026, he was granted 1,500,000 restricted stock units (RSUs), each representing one share of common stock upon vesting. The RSUs vest in twelve substantially equal quarterly installments over three years, starting March 31, 2026, subject to his continued service. On the same date, 36,676 shares of common stock at $0.15 per share were withheld by Latch to satisfy tax withholding obligations related to RSU vesting and settlement.
Latch, Inc. (DOOR) reported second quarter 2026 revenue of $15.6 million, down 18.1% from $19.1 million a year earlier, mainly due to lower hardware shipments and professional services activity after an unusually strong prior-year quarter. Software revenue grew 16.8% to $6.1 million, becoming a larger share of the mix and supporting higher margins.
Gross profit was $7.7 million, with gross margin improving to 49.0% from 43.0%, despite a $0.9 million inventory impairment that reduced hardware margin to about 3%. Operating expenses fell 5.7% to $14.9 million, narrowing net loss by 12.1% to $(6.9) million. Adjusted EBITDA loss improved 37.5% to $(3.6) million.
Cash, restricted cash, and available-for-sale securities totaled $26.1 million as of June 30, 2026. Quarterly cash usage improved, with net cash used of $2.4 million versus $6.1 million in the first quarter. The company outlined a restructuring expected to cut annualized operating costs by $10–$12 million, plans to exit its DOOR Property Management business, continued AI-driven product initiatives, and a settlement in principle with SEC Staff that includes a $1.0 million civil monetary penalty payable in installments.
Latch, Inc. (doing business as DOOR) provides a unified access control and smart-home SaaS platform for multifamily and student housing. For the three months ended June 30, 2026, it generated $15.6 million of revenue, down from $19.1 million a year earlier, with hardware and professional services declining while software revenue grew modestly. Total revenue for the first half of 2026 was $31.3 million versus $34.8 million in 2025. Net loss narrowed to $6.9 million in the quarter and $12.8 million year-to-date, compared with losses of $7.8 million and $19.1 million in the prior-year periods, supported by lower operating expenses and a $0.8 million realized gain on a private equity investment.
Cash, cash equivalents and restricted cash totaled $24.3 million at June 30, 2026, down from $34.6 million at year-end, after $8.4 million of operating cash outflow in the first half. The company replaced a term loan with a new $5.0 million revolving credit facility, borrowing $4.4 million and pledging $5.3 million as restricted cash. One customer represented 26–27% of first-half revenue.
Latch accrued $6.8 million for a service provider demand, $1.0 million for a proposed SEC settlement related to prior restatements, and $0.5 million for derivative litigation fees, driving accrued litigation costs of $8.4 million. After quarter-end, the board approved a restructuring plan, including discontinuing its Boston property management business and a workforce reduction of about 65 people (roughly 32% of staff), with expected cash charges of $1.5–$2.5 million.
Latch, Inc., rebranded as DOOR, approved a restructuring plan to streamline operations and reduce costs. The plan includes a reduction in force of approximately 65 employees and service providers, or about 32 percent of the current workforce, beginning August 5, 2026 and expected to be complete by the fourth quarter of 2026. The company will also discontinue and exit its DOOR Property Management business.
DOOR estimates $1.5 to $2.5 million of total cash restructuring and related charges, primarily severance and benefits, mostly in the third and fourth quarters of 2026. Together with earlier 2026 cost-saving measures, these actions are expected to reduce costs by approximately $10 to $12 million on an annualized basis and support a strategic focus on its Building Intelligence platform and path toward profitability.
Latch, Inc. CEO David J Lillis reported a tax-withholding disposition of 23,436 shares of common stock on July 13, 2026. The shares were withheld by the company to cover taxes on settlement of 80,682 restricted stock units granted on June 12, 2026, with no market sale, leaving him holding 686,927 shares directly.