Welcome to our dedicated page for Latch SEC filings (Ticker: LTCHW), 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.
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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.
Latch, Inc., now operating under the DOOR brand, files its annual report describing a smart-building ecosystem that combines SaaS software, proprietary hardware and the HelloTech on-demand services platform for multifamily properties. The company reports an unrestricted cash and securities balance of $34.6 million and net inventory of $27.3 million as of December 31, 2025, and acknowledges a 2025 net loss of $53.7 million. Latch highlights liquidity risks tied to legal and professional costs, dependence on additional capital and a key customer that represented 32% of 2025 revenue. It discloses ongoing SEC and shareholder derivative matters related to prior restatements and confirms multiple material weaknesses in internal control over financial reporting remain unresolved. The report also notes its stock now trades on the OTCID Market with limited liquidity and that 164,257,801 common shares were outstanding as of March 26, 2026.