Latch, Inc. (LTCH)

Latch Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	58.72	70.2	94.68	109.83	124.78	60.53
Short-Term Investments	6.91	6.14	85.82	120.23	158.97	-
Cash & Short-Term Investments	65.62	76.34	180.49	230.06	283.76	60.53
Cash Growth	-55.74%	-57.70%	-21.55%	-18.92%	368.79%	11.64%
Accounts Receivable	15.26	13.94	11.94	7.03	11.89	8.23
Other Receivables	-	10	10.96	-	-	-
Receivables	15.26	23.94	22.9	7.03	11.89	8.23
Inventory	19.45	14.38	16.56	29.44	23.08	8.29
Prepaid Expenses	3.82	2.77	5.16	12.33	12.71	3.31
Other Current Assets	7.5	12.72	11.75	-	-	-
Total Current Assets	111.64	130.15	236.85	278.86	331.42	80.36
Property, Plant & Equipment	0.95	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	12.17	13.33	14.55	13.89	11.85	7.71
Other Long-Term Assets	19.18	21.66	16.24	16.62	1.41	0.79
Total Assets	174.14	196.42	294.43	316.66	449.6	89.61
Accounts Payable	6.05	7.82	3.64	6.01	6.52	3.73
Accrued Expenses	5.07	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	11.17	11.9	10.84	10.69	7.26	2.34
Other Current Liabilities	24.14	27.29	51.05	14.53	12.6	0.75
Total Current Liabilities	47.75	57.19	94.34	44.26	42.61	11.86
Long-Term Debt	4.3	4.52	-	-	-	57.2
Long-Term Leases	-	2.19	-	-	-	-
Long-Term Unearned Revenue	19.67	21.28	28.74	31.24	23.21	13.18
Other Long-Term Liabilities	2.25	0.06	2.22	0.41	9.79	1.05
Total Liabilities	73.97	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	770.11	769.87	770.2	735.79	705.87	7.9
Retained Earnings	-669.97	-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	100.17	111.18	169.14	240.76	373.99	-154.28
Shareholders' Equity	100.17	111.18	169.14	240.76	373.99	6.33
Total Liabilities & Equity	174.14	196.42	294.43	316.66	449.6	89.61
Total Debt	5.62	8.72	22	-	-	57.2
Net Cash (Debt)	60.01	67.62	158.49	230.06	283.76	3.33
Net Cash Growth	-51.47%	-57.33%	-31.11%	-18.92%	8410.95%	-93.85%
Net Cash Per Share	0.38	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	164.83	164.09	176.2	145.35	142.33	9.11
Working Capital	63.88	72.96	142.52	234.59	288.81	68.5
Book Value Per Share	0.61	0.68	0.96	1.66	2.63	-16.94
Tangible Book Value	57.8	67.65	129.27	226.87	362.14	-161.99
Tangible Book Value Per Share	0.35	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 Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.