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	Mar '26 Mar 31, 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	27.95	34.62	70.2	94.68	109.83	124.78
Short-Term Investments	0.58	0.95	6.14	85.82	120.23	158.97
Cash & Short-Term Investments	28.52	35.57	76.34	180.49	230.06	283.76
Cash Growth	-56.54%	-53.40%	-57.70%	-21.55%	-18.92%	368.79%
Accounts Receivable	5.9	9.97	13.94	11.94	7.03	11.89
Other Receivables	-	0.08	10	10.96	-	-
Receivables	5.9	10.05	23.94	22.9	7.03	11.89
Inventory	12.71	17.33	27.1	16.56	29.44	23.08
Prepaid Expenses	10.53	1.98	2.77	5.16	12.33	12.71
Other Current Assets	-	-	-	11.75	-	-
Total Current Assets	57.66	64.94	130.15	236.85	278.86	331.42
Property, Plant & Equipment	0.8	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	10.53	10.68	13.33	14.55	13.89	11.85
Other Long-Term Assets	16.78	16.75	21.66	16.24	16.62	1.41
Total Assets	99.37	106.8	196.42	294.43	316.66	449.6
Accounts Payable	4.9	4.45	7.82	3.64	6.01	6.52
Accrued Expenses	10.17	3.11	8.16	6.81	13.04	16.24
Current Portion of Long-Term Debt	1.31	1.31	1.31	22	-	-
Current Portion of Leases	-	0.41	-	-	-	-
Current Unearned Revenue	10.91	11.24	11.9	10.84	10.69	7.26
Other Current Liabilities	0.78	7.73	28	51.05	14.53	12.6
Total Current Liabilities	28.08	28.25	57.19	94.34	44.26	42.61
Long-Term Debt	3.01	3.33	4.52	-	-	-
Long-Term Leases	-	2.05	-	-	-	-
Long-Term Unearned Revenue	13.96	15.14	21.28	28.74	31.24	23.21
Other Long-Term Liabilities	2.07	0.03	2.25	2.22	0.41	9.79
Total Liabilities	47.11	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	770.58	770.42	769.87	770.2	735.79	705.87
Retained Earnings	-718.41	-712.47	-658.72	-601.13	-493.59	-331.21
Treasury Stock	-0	-0	-0	-	-	-
Comprehensive Income & Other	0.07	0.04	0.02	0.05	-1.46	-0.68
Total Common Equity	52.26	58.01	111.18	169.14	240.76	373.99
Shareholders' Equity	52.26	58.01	111.18	169.14	240.76	373.99
Total Liabilities & Equity	99.37	106.8	196.42	294.43	316.66	449.6
Total Debt	4.32	7.1	5.83	22	-	-
Net Cash (Debt)	24.2	28.48	70.52	158.49	230.06	283.76
Net Cash Growth	-59.67%	-59.62%	-55.51%	-31.11%	-18.92%	8410.95%
Net Cash Per Share	0.15	0.18	0.45	1.06	1.60	3.28
Filing Date Shares Outstanding	164.26	164.26	164.03	164.83	160.96	142.78
Total Common Shares Outstanding	163.52	163.52	164.09	176.2	145.35	142.33
Working Capital	29.58	36.69	72.96	142.52	234.59	288.81
Book Value Per Share	0.32	0.35	0.68	0.96	1.66	2.63
Tangible Book Value	28.12	33.73	67.65	129.27	226.87	362.14
Tangible Book Value Per Share	0.17	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	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.