Every 8-K that LATCH INC (LTCH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LTCH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LTCH filings page.
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. (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., 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. updated its equity award documents and granted new restricted stock units to key executives under its 2021 Incentive Award Plan. The company adopted revised forms for RSU, stock option, and common stock agreements that clarify vesting, exercisability, settlement, forfeiture, and other terms.
The Compensation Committee also approved time-based RSU awards for Principal Executive Officer Dave Lillis, Principal Financial Officer Jeff Mayfield, and Chief Product and Technology Officer Ryan Salmons. They received 968,179, 130,000, and 500,000 RSUs, with grant-date fair values of approximately $193,636, $26,000, and $100,000, respectively, based on the closing stock price.
For each executive, a vesting commencement date precedes the grant date, so part of the awards was already vested at grant to reflect prior service while the company’s Form S-8 registration was suspended. The remaining RSUs vest in substantially equal quarterly installments over the rest of a three-year period, subject to continued service.
Latch, Inc. reported the results of its 2026 annual meeting of stockholders. All director nominees were elected, with support levels generally above 90% of votes cast in favor versus withheld, and with broker non-votes reported for each director item.
Stockholders also ratified the appointment of BDO USA, P.C. as independent registered public accounting firm for the year ending December 31, 2026, with 90,335,155 votes for and limited opposition. In addition, stockholders approved, on an advisory basis, the 2025 compensation of the company’s named executive officers, with 57,646,930 votes for and relatively few votes against or abstaining.
Latch, Inc., operating as DOOR, reported sharply improved first-quarter 2026 results. Software revenue grew 19.1% year-over-year to $6.1 million, while total revenue was $15.7 million, roughly flat as higher software and hardware offset lower professional services. Gross profit rose to $8.2 million and gross margin expanded to 52.3% from 47.4%.
Operating expenses fell 25.6% to $13.8 million, helping narrow net loss by 47.2% to $5.9 million and reduce Adjusted EBITDA loss to $3.9 million. Cash and investments totaled $28.5 million as of March 31, 2026, with quarterly cash usage improving by $18.6 million versus a year earlier. The company also refinanced its debt with a new $5 million revolving credit facility on improved terms, which it expects to lower 2026 debt service by about $0.9 million.
Latch, Inc., now operating as DOOR, reported strong 2025 revenue growth while remaining unprofitable. Total revenue reached $70.1 million, a 24% year-over-year increase, driven in part by software revenue of $22.1 million, up 9% from $20.3 million.
Operating expenses were $79.6 million, down 6% from the prior year, and net loss improved 7% to $53.7 million. Adjusted EBITDA, a non-GAAP measure that excludes items such as depreciation, interest, taxes, impairments, legal costs, and stock-based compensation, improved to a loss of $27.1 million, a 25% year-over-year improvement.
Results were affected by non-cash charges, including a $16.6 million goodwill impairment and a $4.9 million inventory write-off. Excluding the goodwill impairment, operating expenses would have been $63.0 million, a 25% year-over-year improvement, highlighting the impact of the company’s cost-savings efforts.