Latch Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	46.73	70.2	94.68	109.83	124.78	60.53
Short-Term Investments	4.6	6.14	85.82	120.23	158.97	-
Cash & Short-Term Investments	51.33	76.34	180.49	230.06	283.76	60.53
Cash Growth	-53.73%	-57.70%	-21.55%	-18.92%	368.79%	11.64%
Accounts Receivable	13.79	13.94	11.94	7.03	11.89	8.23
Other Receivables	-	10	10.96	-	-	-
Receivables	13.79	23.94	22.9	7.03	11.89	8.23
Inventory	18.21	14.38	16.56	29.44	23.08	8.29
Prepaid Expenses	3.39	2.77	5.16	12.33	12.71	3.31
Other Current Assets	6.73	12.72	11.75	-	-	-
Total Current Assets	93.44	130.15	236.85	278.86	331.42	80.36
Property, Plant & Equipment	0.97	1.07	1.47	2.47	2.04	0.75
Long-Term Investments	-	-	-	4.84	102.88	-
Goodwill	30.21	30.21	25.32	-	-	-
Other Intangible Assets	11.76	13.33	14.55	13.89	11.85	7.71
Other Long-Term Assets	18.6	21.66	16.24	16.62	1.41	0.79
Total Assets	154.98	196.42	294.43	316.66	449.6	89.61
Accounts Payable	8.3	7.82	3.64	6.01	6.52	3.73
Accrued Expenses	3.95	8.16	6.81	13.04	16.24	5.03
Current Portion of Long-Term Debt	1.31	1.31	22	-	-	-
Current Portion of Leases	-	0.7	-	-	-	-
Current Unearned Revenue	11.26	11.9	10.84	10.69	7.26	2.34
Other Current Liabilities	13.66	27.29	51.05	14.53	12.6	0.75
Total Current Liabilities	38.47	57.19	94.34	44.26	42.61	11.86
Long-Term Debt	3.98	4.52	-	-	-	57.2
Long-Term Leases	2.25	2.19	-	-	-	-
Long-Term Unearned Revenue	18.03	21.28	28.74	31.24	23.21	13.18
Other Long-Term Liabilities	-	0.06	2.22	0.41	9.79	1.05
Total Liabilities	62.72	85.24	125.3	75.91	75.61	83.28
Common Stock	0.02	0.02	0.02	0.02	0.02	-
Additional Paid-In Capital	770.07	769.87	770.2	735.79	705.87	7.9
Retained Earnings	-677.82	-658.72	-601.13	-493.59	-331.21	-162.19
Treasury Stock	-0	-0	-	-	-	-
Comprehensive Income & Other	-0.01	0.02	0.05	-1.46	-0.68	0.01
Total Common Equity	92.26	111.18	169.14	240.76	373.99	-154.28
Shareholders' Equity	92.26	111.18	169.14	240.76	373.99	6.33
Total Liabilities & Equity	154.98	196.42	294.43	316.66	449.6	89.61
Total Debt	7.54	8.72	22	-	-	57.2
Net Cash (Debt)	43.79	67.62	158.49	230.06	283.76	3.33
Net Cash Growth	-59.64%	-57.33%	-31.11%	-18.92%	8410.95%	-93.85%
Net Cash Per Share	0.28	0.43	1.06	1.60	3.28	0.46
Filing Date Shares Outstanding	164.26	164.03	164.83	160.96	142.78	15.16
Total Common Shares Outstanding	163.3	164.09	176.2	145.35	142.33	9.11
Working Capital	54.97	72.96	142.52	234.59	288.81	68.5
Book Value Per Share	0.56	0.68	0.96	1.66	2.63	-16.94
Tangible Book Value	50.29	67.65	129.27	226.87	362.14	-161.99
Tangible Book Value Per Share	0.31	0.41	0.73	1.56	2.54	-17.79
Machinery	-	6.44	5.98	5.67	3.9	1.88
Leasehold Improvements	-	0.16	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.