Latch Balance Sheet

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
Cash & Equivalents	34.62	70.2	94.68	109.83	124.78
Short-Term Investments	-	6.14	85.82	120.23	158.97
Cash & Short-Term Investments	34.62	76.34	180.49	230.06	283.76
Cash Growth	-54.65%	-57.70%	-21.55%	-18.92%	368.79%
Accounts Receivable	7.96	13.94	11.94	7.03	11.89
Other Receivables	-	10	10.96	-	-
Receivables	7.96	23.94	22.9	7.03	11.89
Inventory	15.26	14.38	16.56	29.44	23.08
Prepaid Expenses	7.1	2.77	5.16	12.33	12.71
Other Current Assets	-	12.72	11.75	-	-
Total Current Assets	64.94	130.15	236.85	278.86	331.42
Property, Plant & Equipment	0.84	1.07	1.47	2.47	2.04
Long-Term Investments	-	-	-	4.84	102.88
Goodwill	13.61	30.21	25.32	-	-
Other Intangible Assets	10.68	13.33	14.55	13.89	11.85
Other Long-Term Assets	16.75	21.66	16.24	16.62	1.41
Total Assets	106.8	196.42	294.43	316.66	449.6
Accounts Payable	4.45	7.82	3.64	6.01	6.52
Accrued Expenses	10.46	8.16	6.81	13.04	16.24
Current Portion of Long-Term Debt	1.31	1.31	22	-	-
Current Portion of Leases	-	0.7	-	-	-
Current Unearned Revenue	11.24	11.9	10.84	10.69	7.26
Other Current Liabilities	0.79	27.29	51.05	14.53	12.6
Total Current Liabilities	28.25	57.19	94.34	44.26	42.61
Long-Term Debt	3.33	4.52	-	-	-
Long-Term Leases	-	2.19	-	-	-
Long-Term Unearned Revenue	15.14	21.28	28.74	31.24	23.21
Other Long-Term Liabilities	2.08	0.06	2.22	0.41	9.79
Total Liabilities	48.79	85.24	125.3	75.91	75.61
Common Stock	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	770.42	769.87	770.2	735.79	705.87
Retained Earnings	-712.47	-658.72	-601.13	-493.59	-331.21
Treasury Stock	-0	-0	-	-	-
Comprehensive Income & Other	0.04	0.02	0.05	-1.46	-0.68
Total Common Equity	58.01	111.18	169.14	240.76	373.99
Shareholders' Equity	58.01	111.18	169.14	240.76	373.99
Total Liabilities & Equity	106.8	196.42	294.43	316.66	449.6
Total Debt	4.64	8.72	22	-	-
Net Cash (Debt)	29.98	67.62	158.49	230.06	283.76
Net Cash Growth	-55.67%	-57.33%	-31.11%	-18.92%	8410.95%
Net Cash Per Share	0.19	0.43	1.06	1.60	3.28
Filing Date Shares Outstanding	164.26	164.03	164.83	160.96	142.78
Total Common Shares Outstanding	163.52	164.09	176.2	145.35	142.33
Working Capital	36.69	72.96	142.52	234.59	288.81
Book Value Per Share	0.35	0.68	0.96	1.66	2.63
Tangible Book Value	33.73	67.65	129.27	226.87	362.14
Tangible Book Value Per Share	0.21	0.41	0.73	1.56	2.54
Machinery	-	6.44	5.98	5.67	3.9
Leasehold Improvements	-	0.16	-	-	-

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