Latch, Inc.

LTCH · OTCM

CIK 1826000fmd_021470YW3NGSB2534TTWF9B6E6Wholesale Trade · Wholesale-HardwareTemplate: Standard

Coverage: Jan 01, 2019 to Sep 30, 2026, 28 periods

Income Statement · Annual · Millions · USD
Line item	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	15	13	28	43	45	57	70
Cost of revenue	17	16	33	47	33	32	43
Net interest income	0	(3)	(8)	–	–	–	–
Gross profit	(2)	(3)	(5)	(4)	12	25	27
Research and development	18	26	46	55	34	17	18
Selling, general and administrative	28	33	95	101	82	57	39
Total operating expenses	47	61	144	161	123	84	80
Operating income	(50)	(63)	(149)	(165)	(110)	(59)	(53)
Interest expense	–	3	9	7	6	4	3
Interest and investment income	–	0	1	4	8	6	2
Other non-operating income (expense)	(0)	(4)	(18)	3	3	2	(1)
Income before taxes	(50)	(67)	(167)	(162)	(108)	(58)	(54)
Income tax expense	0	0	0	0	0	0	0
Net income from continuing operations	(50)	(67)	(167)	(162)	(108)	(58)	(54)
Net income	(50)	(67)	(167)	(162)	(108)	(58)	(54)
Net income to common shareholders	(50)	(67)	(167)	(162)	(108)	(58)	(54)