Latch (LTCH)
OTHER OTC:LTCH
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Latch
(OTC:LTCH)
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Rating:46Neutral
Price Target:
$0.21
▲(28.12% Upside)
Action:Reiterated
Date:06/18/26
The score is primarily constrained by weak financial performance—large ongoing losses, continued cash burn, and a recent TTM revenue decline—despite improving gross margin and low leverage. Technicals are moderately supportive (price above major moving averages), but valuation is unfavorable given negative earnings and no dividend support.
Positive Factors
Improving gross margin
A sustained gross margin recovery to ~32% indicates improving unit economics for hardware and software sales. If maintained, higher gross margins give the company more room to invest in sales, R&D and scale its SaaS platform while narrowing the path to operating leverage.
Negative Factors
Large ongoing losses
Persistent heavy net losses reduce retained capital and limit reinvestment capacity without external financing. Continued operating deficits make it difficult to achieve sustainable profitability and place long-term pressure on equity cushions and strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving gross margin
A sustained gross margin recovery to ~32% indicates improving unit economics for hardware and software sales. If maintained, higher gross margins give the company more room to invest in sales, R&D and scale its SaaS platform while narrowing the path to operating leverage.
Read all positive factors
Latch (LTCH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.21M
Dividend YieldN/A
Average Volume (3M)100.85K
Price to Earnings (P/E)―
Beta (1Y)-2.19
Revenue Growth16.03%
EPS Growth14.27%
CountryUS
Employees75
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.30
Shares Outstanding164,257,800
10 Day Avg. Volume153,815
30 Day Avg. Volume100,851
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)415.30
Price to Sales (P/S)343.60
P/FCF Ratio-669.75
Enterprise Value/Market Cap0.19
Enterprise Value/Revenue0.08
Enterprise Value/Gross Profit0.28
Enterprise Value/Ebitda-0.24
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)$380.40M
Latch Business Overview & Revenue Model
Company Description
Latch, Inc. operates as an enterprise technology firm, serving clients across the United States and Canada. At the core of its offerings is LatchOS, a sophisticated operating system. This platform enhances building operations by providing smart ac...
How the Company Makes Money
Latch makes money primarily by selling and deploying its access-control products and related software/services to building owners, developers, and property managers. Key revenue streams include: (1) Product revenue: sales of smart locks and access...
Latch Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
46
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Sep 2025 | Dec 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.05M | 70.12M | 56.63M | 44.96M | 42.95M | 41.36M |
| Gross Profit | 21.31M | 21.57M | 24.99M | 5.33M | -3.92M | -2.68M |
| EBITDA | -24.77M | -27.71M | -50.39M | -94.52M | -161.63M | -145.33M |
| Net Income | -48.44M | -53.75M | -57.60M | -107.54M | -162.34M | -166.32M |
Balance Sheet | ||||||
| Total Assets | 99.37M | 106.80M | 196.42M | 294.43M | 316.66M | 452.30M |
| Cash, Cash Equivalents and Short-Term Investments | 28.52M | 34.62M | 75.39M | 179.54M | 230.06M | 283.75M |
| Total Debt | 4.32M | 4.64M | 5.83M | 22.00M | 724.00K | 3.40M |
| Total Liabilities | 47.11M | 48.79M | 85.24M | 125.30M | 75.91M | 74.75M |
| Stockholders Equity | 52.26M | 58.01M | 111.18M | 169.14M | 240.75M | 377.56M |
Cash Flow | ||||||
| Free Cash Flow | -30.98M | -35.97M | -76.17M | -65.91M | -137.48K | -114.68M |
| Operating Cash Flow | -30.90M | -35.89M | -75.41M | -65.59M | -135.24K | -105.86M |
| Investing Cash Flow | -11.87M | 1.69M | 72.89M | 50.48M | 126.36M | -277.66M |
| Financing Cash Flow | 621.00K | -1.22M | -22.00M | 0.00 | -6.04M | 447.78M |
Latch Risk Analysis
Latch disclosed 75 risk factors in its most recent earnings report. Latch reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Latch Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $1.16B | 43.53 | 5.25% | ― | 8.10% | -73.21% | |
62 Neutral | $1.41B | -88.85 | 32.36% | ― | 13.03% | 7.07% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | $224.47M | -5.13 | -32.73% | ― | 11.07% | 27.51% | |
48 Neutral | $217.91M | -8.54 | -10.61% | ― | -9.70% | 61.30% | |
46 Neutral | $31.21M | -0.64 | -8.89% | ― | 16.03% | 14.27% |
* Technology Sector Average
LTCH
Latch
0.20
0.06
42.14%
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LAW
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Latch Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Latch Updates Executive Equity Agreements and New RSU Grants
Positive
Jun 17, 2026
On June 12, 2026, Latch, Inc.’s compensation committee adopted updated forms of restricted stock unit and stock option agreements, along with a new common stock award agreement, to govern equity grants under its 2021 Incentive Award Plan. Th...
Executive/Board ChangesShareholder Meetings
Latch Shareholders Approve Directors, Auditor and Executive Pay
Positive
Jun 16, 2026
On June 10, 2026, Latch, Inc. held its 2026 annual meeting of stockholders, at which shareholders elected all nominated directors to serve their respective terms, signaling continued support for the company’s current board composition and go...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.