Flagship explainer

How Latch, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$70.1M · 100%Cost of revenue$43.3M · 62%Gross profit$26.9M · 38%Operating income−$52.7M · −75%Income before tax−$53.7M · −77%Income tax$0 · 0%Net income−$53.7M · −77%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$70.1M100%
Cost of revenue$43.3M62%
$26.9M38%
−$52.7M−75%
Income before tax−$53.7M−77%
Income tax$00%
−$53.7M−77%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

View the full Latch, Inc. analysis at Buy Like Buffett