Latch Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	70.12	56.63	44.96	42.96	27.61
Revenue Growth (YoY)	23.82%	25.95%	4.67%	55.56%	112.49%
Cost of Revenue	43.27	31.61	32.43	46.84	32.65
Gross Profit	26.85	25.02	12.53	-3.89	-5.04
Selling, General & Admin	34.83	51.3	67.84	92.68	95.16
Research & Development	18.34	16.56	30.84	52.59	46.19
Operating Expenses	58.44	75.06	105.88	150.77	144.45
Operating Income	-31.59	-50.03	-93.35	-154.66	-149.49
Interest Expense	-1.11	-	-5.79	-7.44	-9.09
Interest & Investment Income	-	1.42	8.1	4.48	1.33
Other Non Operating Income (Expenses)	0.09	0.4	0.45	9.42	-8.43
EBT Excluding Unusual Items	-32.62	-48.21	-90.59	-148.2	-165.67
Merger & Restructuring Charges	-	-1.58	-5.81	-8.57	-
Impairment of Goodwill	-16.6	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-3.46	0.05
Asset Writedown	-1.3	-3.05	-0.7	-	-
Legal Settlements	-3.23	-12.15	-10.41	-2.01	-
Other Unusual Items	-	7.4	-	-	-1.47
Pretax Income	-53.75	-57.59	-107.51	-162.25	-167.09
Income Tax Expense	-	0	0.03	0.09	0.05
Net Income	-53.75	-57.6	-107.54	-162.34	-167.15
Net Income to Common	-53.75	-57.6	-107.54	-162.34	-167.15
Shares Outstanding (Basic)	160	157	150	144	86
Shares Outstanding (Diluted)	160	157	150	144	86
Shares Change (YoY)	2.39%	4.69%	4.19%	66.08%	1094.60%
EPS (Basic)	-0.34	-0.37	-0.72	-1.13	-1.93
EPS (Diluted)	-0.34	-0.37	-0.72	-1.13	-1.93
Free Cash Flow	-35.97	-76.17	-65.91	-137.48	-108.06
Free Cash Flow Per Share	-0.22	-0.49	-0.44	-0.96	-1.25
Gross Margin	38.29%	44.19%	27.87%	-9.05%	-18.25%
Operating Margin	-45.06%	-88.35%	-207.63%	-360.05%	-541.37%
Profit Margin	-76.65%	-101.71%	-239.18%	-377.92%	-605.32%
Free Cash Flow Margin	-51.30%	-134.51%	-146.60%	-320.05%	-391.35%
EBITDA	-31.02	-48.03	-91.55	-153.06	-148.59
EBITDA Margin	-44.23%	-84.81%	-203.62%	-	-
D&A For EBITDA	0.58	2	1.8	1.6	0.89
EBIT	-31.59	-50.03	-93.35	-154.66	-149.49
EBIT Margin	-45.06%	-88.35%	-207.63%	-	-
Revenue as Reported	70.12	56.63	44.96	42.96	27.61
Advertising Expenses	-	-	-	2.7	2.5

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.