For the quarter ending 2026-03-31, LTCH made $15,702K in revenue. -$5,908K in net income. Net profit margin of -37.63%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2023-12-31 | 2023-09-30 |
|---|---|---|---|---|
| Total revenue | 15,702 | 17,529* | 13,960 | 9,673 |
| Hardware | 3,218 | 4,827* | - | - |
| Software | 531 | 507* | - | - |
| Installation Services | 3,734 | 5,483* | - | - |
| Total cost of revenue | 7,483 | 10,817* | 9,138 | 3,579 |
| Research and development | 3,793 | 4,585* | 5,828 | 10,236 |
| Sales and marketing | 4,272 | 3,832* | 2,641 | 3,819 |
| General and administrative | 4,691 | 6,007* | 11,709 | 18,791 |
| Depreciation and amortization | 1,007 | 1,319* | 1,826 | 1,856 |
| Impairment of goodwill | - | 4,150* | - | - |
| Impairment of intangible assets, net | - | 0* | - | - |
| Total operating expenses | 13,763 | 19,892* | 22,004 | 34,702 |
| Loss from operations | -5,544 | -13,179* | -17,182 | -28,608 |
| Interest expense, net | -323 | -278* | 689 | 808 |
| Change in fair value of warrant liability | 37 | -4* | -12 | -553 |
| Other (expense) income, net | -34 | 17* | 38 | -31 |
| Total other expense, net | -394 | -256* | 739 | 1,330 |
| Loss before income taxes | -5,938 | -13,436* | -16,443 | -27,278 |
| Provision for income taxes | 0 | 0* | 19 | - |
| Net loss | -5,938 | -13,436* | -16,462 | -27,278 |
| Unrealized loss on available-for-sale securities | -3 | -3* | 129 | 238 |
| Foreign currency translation adjustment | 33 | 8* | -7 | - |
| Comprehensive loss | -5,908 | -13,432 | -16,340 | -27,040 |
| Basic EPS | -0.04 | -0.084 | -0.094 | -0.16 |
| Diluted EPS | -0.04 | -0.084 | -0.094 | -0.16 |
| Basic Average Shares | 160,658,450 | 160,400,816 | 174,375,705 | 172,989,593 |
| Diluted Average Shares | 160,658,450 | 160,400,816 | 174,375,705 | 172,989,593 |
Latch, Inc. (LTCH)
Latch, Inc. (LTCH)