Latch Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	19.06	34.62	70.2	94.68	109.83	124.78
Short-Term Investments	1.79	0.95	6.14	85.82	120.23	158.97
Cash & Short-Term Investments	20.85	35.57	76.34	180.49	230.06	283.76
Cash Growth	-59.38%	-53.40%	-57.70%	-21.55%	-18.92%	368.79%
Accounts Receivable	9.63	9.97	13.94	11.94	7.03	11.89
Other Receivables	-	0.08	10	10.96	-	-
Receivables	9.63	10.05	23.94	22.9	7.03	11.89
Inventory	14.24	17.33	27.1	16.56	29.44	23.08
Prepaid Expenses	3.1	1.98	2.77	5.16	12.33	12.71
Other Current Assets	-	-	-	11.75	-	-
Total Current Assets	47.82	64.94	130.15	236.85	278.86	331.42
Property, Plant & Equipment	0.78	0.84	1.07	1.47	2.47	2.04
Long-Term Investments	-	-	-	-	4.84	102.88
Goodwill	13.61	13.61	30.21	25.32	-	-
Other Intangible Assets	10	10.68	13.33	14.55	13.89	11.85
Other Long-Term Assets	21.25	16.75	21.66	16.24	16.62	1.41
Total Assets	93.45	106.8	196.42	294.43	316.66	449.6
Accounts Payable	5.66	4.45	7.82	3.64	6.01	6.52
Accrued Expenses	2.18	3.11	8.16	6.81	13.04	16.24
Current Portion of Long-Term Debt	-	1.31	1.31	22	-	-
Current Portion of Leases	-	0.41	-	-	-	-
Current Unearned Revenue	11.28	11.24	11.9	10.84	10.69	7.26
Other Current Liabilities	9.29	7.73	28	51.05	14.53	12.6
Total Current Liabilities	28.41	28.25	57.19	94.34	44.26	42.61
Long-Term Debt	4.36	3.33	4.52	-	-	-
Long-Term Leases	2.01	2.05	-	-	-	-
Long-Term Unearned Revenue	12.9	15.14	21.28	28.74	31.24	23.21
Other Long-Term Liabilities	-	0.03	2.25	2.22	0.41	9.79
Total Liabilities	47.68	48.79	85.24	125.3	75.91	75.61
Common Stock	0.02	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	770.98	770.42	769.87	770.2	735.79	705.87
Retained Earnings	-725.31	-712.47	-658.72	-601.13	-493.59	-331.21
Treasury Stock	-0	-0	-0	-	-	-
Comprehensive Income & Other	0.08	0.04	0.02	0.05	-1.46	-0.68
Total Common Equity	45.77	58.01	111.18	169.14	240.76	373.99
Shareholders' Equity	45.77	58.01	111.18	169.14	240.76	373.99
Total Liabilities & Equity	93.45	106.8	196.42	294.43	316.66	449.6
Total Debt	6.37	7.1	5.83	22	-	-
Net Cash (Debt)	14.48	28.48	70.52	158.49	230.06	283.76
Net Cash Growth	-66.94%	-59.62%	-55.51%	-31.11%	-18.92%	8410.95%
Net Cash Per Share	0.09	0.18	0.45	1.06	1.60	3.28
Filing Date Shares Outstanding	165.66	164.26	164.03	164.83	160.96	142.78
Total Common Shares Outstanding	164.86	163.52	164.09	176.2	145.35	142.33
Working Capital	19.42	36.69	72.96	142.52	234.59	288.81
Book Value Per Share	0.28	0.35	0.68	0.96	1.66	2.63
Tangible Book Value	22.17	33.73	67.65	129.27	226.87	362.14
Tangible Book Value Per Share	0.13	0.21	0.41	0.73	1.56	2.54
Machinery	-	6.45	6.44	5.98	5.67	3.9
Leasehold Improvements	-	0.16	0.16	-	-	-