Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $14.9M | $13.0M | $27.6M | $43.0M | $45.0M | $56.6M | $70.1M |
| Revenue growth | — | -12.7% | 112.5% | 55.6% | 4.7% | 26.0% | 23.8% |
| Operating income | -$49.7M | -$63.1M | -$149M | -$165M | -$110M | -$59.4M | -$52.7M |
| Operating margin | -333.9% | -486.0% | -541.4% | -384.7% | -245.3% | -104.9% | -75.2% |
| Net income | -$50.2M | -$67.4M | -$167M | -$162M | -$108M | -$57.6M | -$53.7M |
| Net margin | -337.4% | -518.8% | -605.3% | -377.9% | -239.2% | -101.7% | -76.7% |
| EPS (diluted) | -$7.65 | -$9.31 | -$1.93 | -$1.13 | -$0.72 | -$0.37 | -$0.34 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$47.6M | -$54.3M | -$107M | -$135M | -$65.6M | -$75.4M | -$35.9M |
| Capital expenditures | $908K | $269K | $1.54M | $2.24M | $327K | $766K | $79.0K |
| Free cash flow | -$48.5M | -$54.5M | -$108M | -$137M | -$65.9M | -$76.2M | -$36.0M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $54.2M | $60.5M | $47.3M | $110M | $94.7M | $70.2M | $34.6M |
| Total assets | — | $89.6M | $77.3M | $317M | $294M | $196M | $107M |
| Total liabilities | — | $83.3M | $93.9M | $75.9M | $125M | $85.2M | $48.8M |
| Long-term debt | — | — | $6.01M | — | $0.00 | $4.51M | $3.33M |
| Shareholders' equity | -$90.9M | -$156M | $374M | $241M | $169M | $111M | $58.0M |
| Retained earnings | — | -$162M | -$203M | -$494M | -$601M | -$659M | -$712M |
| Shares (wtd avg diluted) | 6.56M | 7.24M | 86.5M | 144M | 150M | 157M | 160M |
Every figure is extracted from Latch, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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