Latch (LTCH)
OTHER OTC:LTCH
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Latch
(OTC:LTCH)
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Rating:46Neutral
Price Target:
$0.20
▲(22.50% Upside)
Action:Reiterated
Date:05/07/26
The score is held down primarily by weak financial performance (large ongoing losses, negative free cash flow, and a 2025 revenue decline). Technicals show limited momentum with a bearish near-term trend. Offsetting factors are a positive corporate event (regained SEC compliance and cost reductions) and low leverage, but not enough to overcome profitability and cash-burn risk.
Positive Factors
Regulatory compliance restored
Becoming current with SEC filings and completing historical restatements removes a long-running regulatory overhang. That structural improvement enables pursuit of higher OTC tiers or listings, restores investor transparency, and materially improves access to institutional capital over coming months.
Negative Factors
Persistent negative free cash flow
Negative free cash flow of -$35.9M in 2025 signals ongoing cash burn despite improvement from prior years. Continued outflows increase reliance on external financing, risk dilution or constrained investment in deployments, and limit the company's ability to self-fund growth over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulatory compliance restored
Becoming current with SEC filings and completing historical restatements removes a long-running regulatory overhang. That structural improvement enables pursuit of higher OTC tiers or listings, restores investor transparency, and materially improves access to institutional capital over coming months.
Read all positive factors
Latch (LTCH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$32.85M
Dividend YieldN/A
Average Volume (3M)100.85K
Price to Earnings (P/E)―
Beta (1Y)-2.22
Revenue Growth23.82%
EPS Growth9.17%
CountryUS
Employees75
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding164,257,800
10 Day Avg. Volume153,815
30 Day Avg. Volume100,851
Financial Highlights & Ratios
PEG Ratio55.28
Price to Book (P/B)415.30
Price to Sales (P/S)343.60
P/FCF Ratio-669.75
Enterprise Value/Market Cap0.09
Enterprise Value/Revenue0.04
Enterprise Value/Gross Profit0.13
Enterprise Value/Ebitda-0.09
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Latch Business Overview & Revenue Model
Company Description
Latch, Inc. operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personali...
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
34
Negative
Balance Sheet
52
Neutral
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Sep 2025 | Dec 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 70.12M | 56.63M | 44.96M | 42.95M | 41.36M |
| Gross Profit | 21.57M | 24.99M | 5.33M | -3.92M | -2.68M |
| EBITDA | -27.71M | -50.39M | -94.52M | -161.63M | -145.33M |
| Net Income | -53.75M | -57.60M | -107.54M | -162.34M | -166.32M |
Balance Sheet | |||||
| Total Assets | 106.80M | 196.42M | 294.43M | 316.66M | 452.30M |
| Cash, Cash Equivalents and Short-Term Investments | 34.62M | 75.39M | 179.54M | 230.06M | 283.75M |
| Total Debt | 4.64M | 5.83M | 22.00M | 724.00K | 3.40M |
| Total Liabilities | 48.79M | 85.24M | 125.30M | 75.91M | 74.75M |
| Stockholders Equity | 58.01M | 111.18M | 169.14M | 240.75M | 377.56M |
Cash Flow | |||||
| Free Cash Flow | -35.97M | -76.17M | -65.91M | -137.48K | -114.68M |
| Operating Cash Flow | -35.89M | -75.41M | -65.59M | -135.24K | -105.86M |
| Investing Cash Flow | 1.69M | 72.89M | 50.48M | 126.36M | -277.66M |
| Financing Cash Flow | -1.22M | -22.00M | 0.00 | -6.04M | 447.78M |
Latch Risk Analysis
Latch disclosed 59 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $1.16B | 44.10 | 3.93% | ― | 7.64% | -80.72% | |
63 Neutral | $1.14B | -40.34 | 32.36% | ― | 13.03% | 7.07% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $226.39M | -6.32 | -32.73% | ― | 11.07% | 27.51% | |
48 Neutral | $225.62M | -16.16 | -10.61% | ― | -9.70% | 61.30% | |
46 Neutral | $32.85M | -214.60 | -8.89% | ― | 23.82% | 9.17% |
* Technology Sector Average
LTCH
Latch
0.20
0.10
100.00%
PRCH
Porch Group
10.43
0.41
4.09%
SMRT
SmartRent
1.17
0.42
56.00%
CXM
Sprinklr
4.94
-3.54
-41.75%
LAW
CS Disco
3.53
-0.63
-15.14%
Latch Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Latch Regains SEC Compliance and Reports Q3 Growth
Positive
Feb 11, 2026
On February 11, 2026, DOOR announced it had filed its Form 10-Q for the quarter ended September 30, 2025, under its legal name Latch, Inc., completing a multi-year effort to restate historical financials and regain current status with U.S. securit...
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.