Latch, Inc.
LTCHOTCIndustrials · Wholesale-Hardware · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $70.1M | $56.6M | $45.0M | $43.0M | $27.6M | $13.0M |
| Operating income | −$52.7M | −$59.4M | −$110.3M | −$165.2M | −$149.5M | −$63.1M |
| Net income | −$53.7M | −$57.6M | −$107.5M | −$162.3M | −$167.1M | −$67.4M |
| Total assets | $106.8M | $196.4M | $294.4M | $316.7M | $77.3M | $89.6M |
| Total liabilities | $48.8M | $85.2M | $125.3M | $75.9M | $93.9M | $83.3M |
| Equity | $58.0M | $111.2M | $169.1M | $240.8M | $374.0M | −$155.9M |
| EPS (diluted) | $-0.34 | $-0.37 | $-0.72 | $-1.13 | $-1.93 | $-9.31 |
| Shares out. | 164.0M | 161.0M | 175.5M | 142.8M | 140.5M | 8.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −75.2%
- Net margin
- −76.7%
- Return on equity
- −92.6%
- Return on assets
- −50.3%
- Return on capital (ROCE)
- −67.1%
- Liabilities / assets
- 45.7%
- Debt / equity
- 0.84×
- Book value / share
- $0.35
- Revenue growth (YoY)
- 23.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -21.56distress
- Accruals / assets
- −16.7%clean
- Beneish M-Score
- -3.15normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 17, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2025
- NT 10-Qmissed a reporting deadline ↗May 16, 2025
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2025
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2024
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Pan-Am Equities Inc.Passive (13G)Jan 5, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Patel Priyen NOfficer — Chief Strategy & Legal Officer | Dec 15, 2025 | Tax withholding | 23,840 | $0.14 |
| Siminoff James WOfficer — Chief Strategy Officer | Nov 28, 2024 | D | 15.3M | $0.00 |
| Siminoff James WOfficer — Chief Strategy Officer | Jul 3, 2023 | Grant | 19.1M | — |
| Schaeffer BarryOfficer — Interim CFO and Treasurer | Aug 2, 2022 | Tax withholding | 5,243 | $1.10 |
| Nakamura JunjiOfficer — Chief Accounting Officer | Jul 26, 2022 | Grant | 21,368 | $0.00 |
| Jones Michael BrianOfficer — Chief Technology Officer | Jul 1, 2022 | Tax withholding | 6,348 | $1.14 |
| Nakamura JunjiOfficer — Chief Accounting Officer | Jul 1, 2022 | Tax withholding | 1,367 | $1.14 |
| Schaeffer BarryOfficer — Interim CFO and Treasurer | Jul 1, 2022 | Tax withholding | 2,265 | $1.14 |
| Han PatriciaDirector | Jun 10, 2022 | Grant | 98,684 | $0.00 |
| Smith J. AllenDirector | Jun 10, 2022 | Grant | 98,684 | $0.00 |
| Rishi RajuDirector | Jun 10, 2022 | Grant | 98,684 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 254,106 | 4.0 | -0.9% |
| Apr 30, 2026 | 256,326 | 4.0 | 0.0% |
| Apr 15, 2026 | 256,326 | 1.6 | 0.0% |
| Mar 31, 2026 | 256,326 | 4.2 | -0.5% |
| Mar 13, 2026 | 257,631 | 2.5 | 0.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 15, 2026
- Results of operations · Regulation FD disclosureMar 31, 2026
- Results of operations · Regulation FD disclosureFeb 11, 2026
- Results of operations · Regulation FD disclosureJan 23, 2026
- Results of operations · Regulation FD disclosureJan 13, 2026
- Results of operations · Regulation FD disclosureNov 5, 2025
- Changed auditorApr 9, 2025
- Results of operations · Regulation FD disclosureMar 27, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.