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	Sep '25 Sep 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	42.58	70.2	94.68	109.83	124.78	60.53
Short-Term Investments	2.69	6.14	85.82	120.23	158.97	-
Cash & Short-Term Investments	45.26	76.34	180.49	230.06	283.76	60.53
Cash Growth	-50.90%	-57.70%	-21.55%	-18.92%	368.79%	11.64%
Accounts Receivable	10.55	13.94	11.94	7.03	11.89	8.23
Other Receivables	0.3	10	10.96	-	-	-
Receivables	10.85	23.94	22.9	7.03	11.89	8.23
Inventory	15.12	14.38	16.56	29.44	23.08	8.29
Prepaid Expenses	2.61	2.77	5.16	12.33	12.71	3.31
Other Current Assets	5.77	12.72	11.75	-	-	-
Total Current Assets	79.61	130.15	236.85	278.86	331.42	80.36
Property, Plant & Equipment	0.92	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	11.44	13.33	14.55	13.89	11.85	7.71
Other Long-Term Assets	19.43	21.66	16.24	16.62	1.41	0.79
Total Assets	141.61	196.42	294.43	316.66	449.6	89.61
Accounts Payable	6.99	7.82	3.64	6.01	6.52	3.73
Accrued Expenses	3.75	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	11.45	11.9	10.84	10.69	7.26	2.34
Other Current Liabilities	9.89	27.29	51.05	14.53	12.6	0.75
Total Current Liabilities	33.4	57.19	94.34	44.26	42.61	11.86
Long-Term Debt	3.66	4.52	-	-	-	57.2
Long-Term Leases	2.18	2.19	-	-	-	-
Long-Term Unearned Revenue	16.51	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	55.73	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	770.24	769.87	770.2	735.79	705.87	7.9
Retained Earnings	-684.4	-658.72	-601.13	-493.59	-331.21	-162.19
Treasury Stock	-0	-0	-	-	-	-
Comprehensive Income & Other	0.03	0.02	0.05	-1.46	-0.68	0.01
Total Common Equity	85.88	111.18	169.14	240.76	373.99	-154.28
Shareholders' Equity	85.88	111.18	169.14	240.76	373.99	6.33
Total Liabilities & Equity	141.61	196.42	294.43	316.66	449.6	89.61
Total Debt	7.14	8.72	22	-	-	57.2
Net Cash (Debt)	38.12	67.62	158.49	230.06	283.76	3.33
Net Cash Growth	-54.50%	-57.33%	-31.11%	-18.92%	8410.95%	-93.85%
Net Cash Per Share	0.24	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	46.22	72.96	142.52	234.59	288.81	68.5
Book Value Per Share	0.53	0.68	0.96	1.66	2.63	-16.94
Tangible Book Value	44.23	67.65	129.27	226.87	362.14	-161.99
Tangible Book Value Per Share	0.27	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.