Latch, Inc.
- LTCH ยท OTC
- Wholesale-Hardware
- Olivette, MO
- 120 employees
- CIK 0001826000
Updated from SEC filings through
Top things to know
Revenue, FY2025$70.1M+23.8% vs FY2024Operating margin-75.2%Operating income -$52.7MEmployees120As of December 31, 2025Next earningsNovember 12, 2026AnnouncedLatest 8-KDeparture or appointment of directors or officers; compensationFiled November 6, 2026Leadership changeItem 5.02 filedNovember 6, 2026, last 90 days
Executives
- David J. Lillis Chief Executive Officer 4, 2026-08-26
- Jeffrey M. Mayfield Chief Financial Officer 4, 2026-09-09
- Priyen N. Patel Chief Strategy & Legal Officer 4, 2026-08-26
- Ryan D. Salmons Chief Prod. & Tech. Officer 4, 2026-08-26
- James M. Malone Chief Revenue Officer 3/A, 2026-06-22
What leadership is saying
“We are running a fundamentally different company than we were a year ago, and this quarter reflects meaningful progress in that transformation”
Earnings press release (8-K Ex. 99.1), filed August 10, 2026
Latch, Inc. is a U.S. public company in wholesale-hardware (SIC 5072), headquartered in Olivette, MO. It trades as LTCH on OTC. Revenue was $70.1M in the fiscal year ending December 31, 2025, +23.8% from the year before. It reported about 120 employees. David J. Lillis is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $70.1M 10-K, 2026-03-31 | $56.6M 10-K, 2026-03-31 | $45.0M 10-K, 2025-11-05 | $43.0M 10-K, 2025-03-26 | $27.6M 10-K, 2025-03-26 |
| Operating income | -$52.7M 10-K, 2026-03-31 | -$59.4M 10-K, 2026-03-31 | -$110M 10-K, 2025-11-05 | -$165M 10-K, 2025-03-26 | -$149M 10-K, 2025-03-26 |
| SG&A | $39.4M 10-K, 2026-03-31 | $57.0M 10-K, 2026-03-31 | $81.6M 10-K, 2025-11-05 | $101M 10-K, 2025-03-26 | $95.2M 10-K, 2025-03-26 |
| Net income | -$53.7M 10-K, 2026-03-31 | -$57.6M 10-K, 2026-03-31 | -$108M 10-K, 2025-11-05 | -$162M 10-K, 2025-03-26 | -$167M 10-K, 2025-03-26 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| David J. Lillis Chief Executive Officer | Chief Executive Officer | 4, 2026-08-26 |
| Jeffrey M. Mayfield | Chief Financial Officer | 4, 2026-09-09 |
| Priyen N. Patel Chief Strategy and Legal Officer | Chief Strategy & Legal Officer | 4, 2026-08-26 |
| Ryan D. Salmons | Chief Prod. & Tech. Officer | 4, 2026-08-26 |
| James M. Malone | Chief Revenue Officer | 3/A, 2026-06-22 |
| Raju Rishi | Lead Independent Director | 10-K, 2025-11-05 |
What Latch, Inc. does
Latch is a technology company delivering an integrated ecosystem of hardware, software and services designed to enhance operations and experiences within buildings, primarily serving the multifamily rental market. In August 2025, we rebranded as DOOR, although our legal name remains Latch, Inc.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 165.7 million (as of August 7, 2026) | 10-Q, August 10, 2026 |
|---|---|---|
| Public float | $18.8M (as of June 30, 2025) | 10-K, March 31, 2026 |
| Reportable segments | 1 (period ending June 30, 2026) | 10-Q, August 10, 2026 |
| Latest proxy statement | Meeting June 10, 2026 (filed April 30, 2026) | DEF 14A, April 30, 2026 |
| Auditor | Bdo Usa, P.c. (St. Louis, MO) | Latest 10-K |
Recent 8-K events
- 8-K filed 2026-11-06
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-08-28
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-08-10
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-05
- Item 2.05 Costs associated with exit or disposal activities (restructuring)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-30
- Item 8.01 Other events
- 8-K filed 2026-06-17
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-06-16
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-15
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-03-31
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-02-11
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
Frequently asked questions about Latch, Inc.
- What does Latch, Inc. do?
- In its own words, from Item 1 of its 10-K: "Latch is a technology company delivering an integrated ecosystem of hardware, software and services designed to enhance operations and experiences within buildings, primarily serving the multifamily rental market. In August 2025, we rebranded as DOOR, although our legal name remains Latch, Inc."
- What is Latch, Inc.'s revenue?
- $70.1M for the fiscal year ending December 31, 2025, from its 10-K filed March 31, 2026.
- Is Latch, Inc. profitable?
- Latch, Inc. reported net income of -$53.7M for the fiscal year ending December 31, 2025.
- How many employees does Latch, Inc. have?
- About 120 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Latch, Inc.?
- David J. Lillis, Chief Executive Officer, as named in a 4 filed August 26, 2026.
- Who is the CFO of Latch, Inc.?
- Jeffrey M. Mayfield, Chief Financial Officer, as named in a 4 filed September 9, 2026.
- Where is Latch, Inc. headquartered?
- Olivette, MO.
- What is Latch, Inc.'s stock ticker?
- LTCH on OTC.
- What industry is Latch, Inc. in?
- Wholesale-Hardware, SIC code 5072.
- What is Latch, Inc.'s website?
- door.com.
- When does Latch, Inc. report earnings next?
- November 12, 2026. Source: estimate_10q_cadence.
- Is Latch, Inc. a public company?
- Yes. Latch, Inc. files with the SEC under CIK 0001826000 and trades as LTCH.
- Who audits Latch, Inc.?
- Bdo Usa, P.c., St. Louis, MO, as named in its latest annual report (10-K).
- How many shares of Latch, Inc. are outstanding?
- 165.7 million shares as of August 7, 2026, from its 10-Q filed August 10, 2026.
- What is Latch, Inc.'s public float?
- $18.8M as of June 30, 2025, as reported on the cover of its 10-K filed March 31, 2026.
- How many business segments does Latch, Inc. report?
- 1 reportable segment for the period ending June 30, 2026, from its 10-Q filed August 10, 2026.
- When is Latch, Inc.'s annual shareholder meeting?
- June 10, 2026, per its proxy statement (DEF 14A) filed April 30, 2026.