Latch, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.6M | $15.7M | $17.9M | $17.4M | $19.1M | $15.8M | $16.7M | $14.9M |
| Cost of Revenue | — | $7.5M | $14.4M | $9.7M | $10.9M | $8.3M | $10.2M | $8.9M |
| Gross Profit | — | $8.2M | $3.5M | $7.7M | $8.2M | $7.5M | $6.5M | $6.1M |
| Gross Margin | — | 52.3% | 19.4% | 44.3% | 43.0% | 47.4% | 39.1% | 40.7% |
| Operating Expenses | ||||||||
| Research & Development | $4.1M | $3.8M | $4.5M | $3.8M | $4.5M | $5.6M | $5.3M | $4.9M |
| SG&A Expense | $6.0M | $4.7M | $5.4M | $5.0M | $5.9M | $7.8M | $3.1M | $12.8M |
| Operating Income | $-7.2M | $-5.5M | $-27.8M | $-6.3M | $-7.6M | $-11.0M | $-10.2M | $-17.4M |
| Operating Margin | -46.2% | -35.3% | -155.6% | -36.3% | -39.8% | -69.9% | -61.2% | -116.3% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-6.9M | $-5.9M | $-28.1M | $-6.6M | $-7.8M | $-11.3M | $-10.0M | $-17.1M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-6.9M | $-5.9M | $-28.1M | $-6.6M | $-7.8M | $-11.3M | $-10.0M | $-17.1M |
| Net Margin | -44.2% | -37.8% | -157.1% | -37.8% | -41.2% | -71.3% | -59.6% | -114.1% |
| EPS (Basic) | $-0.04 | $-0.04 | $-0.18 | $-0.04 | $-0.05 | $-0.07 | $-0.06 | $-0.11 |
| EPS (Diluted) | $-0.04 | $-0.04 | $-0.18 | $-0.04 | $-0.05 | $-0.07 | $-0.06 | $-0.11 |
| Shares Outstanding (Basic) | 161.2M | 160.7M | 160.4M | 160.4M | 160.4M | 160.3M | 156.7M | 156.4M |
| Shares Outstanding (Diluted) | 161.2M | 160.7M | 160.4M | 160.4M | 160.4M | 160.3M | 156.7M | 156.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |