Makes smart locks and intercoms for multifamily rental buildings.
Jun 2026Revenue $66.6M/yrExpenses $113M/yr
No trendCash runway ≈ 1.0 years from Jun 2026
Figures by year
When will Latch be profitable?
Its figures don’t show a steady enough trend to project a date. In the 12 months to Jun 2026, revenue was $66.6M and expenses $113M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $70.1M | $123M | −$52.7M |
| Dec 2024 | $56.6M | $116M | −$59.4M |
| Dec 2023 | $45.0M | $155M | −$110M |
| Dec 2022 | $43.0M | $208M | −$165M |
| Dec 2021 | $27.6M | $177M | −$149M |
| Dec 2020 | $13.0M | $76.1M | −$63.1M |
| Dec 2019 | $14.9M | $64.6M | −$49.7M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.