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About Latch
From its filings with the US Securities and Exchange Commission
Latch is based in Olivette, Missouri and is incorporated in Delaware. Its shares trade on OTC under the ticker LTCH. The SEC classifies its business as wholesale-hardware. In the fiscal year to 31 December 2025, it reported revenue of $70.1m and a net loss of $53.7m. At that date it held total assets of $106.8m and shareholders' equity of $58.0m.
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.
Our core offering is built around a proprietary, cloud-based software-as-a-service (“SaaS”) platform (the “DOOR Platform”) that powers and manages our suite of smart access control devices (including locks, readers and intercoms) and smart home devices and integrates with other connected devices within a building.
We provide solutions that streamline building management for property owners and operators, offer modern convenience and security for residents and simplify interactions for visitors and service providers. While our foundation remains smart access control, we are actively expanding the DOOR Platform and our device integrations to encompass broader smart home solutions, managing devices such as sensors, thermostats and lighting. This ongoing expansion leverages our established platform to create more connected and efficient buildings as we lay the groundwork for a building intelligence platform, automating and streamlining building operations, including work order management and automation, property maintenance and unit inspections and repairs.
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 10 Nov 2020
- Employees
- 440
- Website
- latch.com ↗
- Head office
- 1220 N PRICE ROAD, OLIVETTE, MO, 63132
- Incorporated in
- DE
- Classification
- Wholesale-Hardware
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. David LillisChief Executive Officer
- Mr. Jeffrey MayfieldChief Financial Officer
- Mr. Priyen PatelChief Strategy and Legal Officer
- Mr. Raju RishiLead Independent Director$79,000
- Mr. Peter CampbellIndependent Director$58,000
- Ms. Patricia HanIndependent Director$44,000
- Mr. J. Allen SmithIndependent Director$54,000
- Mr. Robert SpeyerIndependent Director$40,000
- Mr. Andrew SugrueIndependent Director$48,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Latch Inc has a strong brand reputation in the industry, recognized for its innovative and reliable products. The company's patented technology gives it a competitive edge and allows it to offer unique solutions to customers. Latch Inc also has a highly skilled and experienced team, ensuring high-quality product development and customer support.
- Latch Inc has established a strong presence in the market, with a wide customer base ranging from residential to commercial sectors. The company has successfully expanded its operations globally, securing partnerships with key industry players, which further strengthens its market position.
- Latch Inc offers a comprehensive product portfolio that caters to diverse customer needs. Its product line includes advanced smart lock systems, access management solutions, and integration capabilities with other smart home devices. This extensive range gives Latch Inc a competitive advantage, enabling it to address different market segments.
Weaknesses
- While Latch Inc has established itself as a leader in the industry, it still faces certain weaknesses. The company heavily relies on technology, making it susceptible to potential technological failures or disruptions. Managing customer data privacy and security also poses a challenge that requires continuous improvement to maintain customer trust.
- As a technology-driven company, Latch Inc relies on seamless operation of its software and hardware systems. Any glitches or malfunctions can have a significant impact on its reputation and customer satisfaction. Therefore, it is crucial for the company to invest in robust testing and quality control processes.
- Latch Inc handles sensitive customer data, including access codes and personal information. Ensuring the privacy and security of this data is of utmost importance. Any breaches or vulnerabilities could result in severe consequences, such as reputational damage and legal liabilities. Continuous enhancement of data protection measures and compliance with regulations is necessary.
Opportunities
- Latch Inc operates in a dynamic and evolving industry, presenting various opportunities for growth and expansion. The increasing adoption of smart home technologies and IoT (Internet of Things) creates a favorable market environment for Latch Inc to introduce new products and enter new market segments. Strategic partnerships and collaborations can also provide opportunities for innovation and market reach.
- The global smart home market is projected to witness significant growth in the coming years. Latch Inc can capitalize on this trend by leveraging its expertise and expanding its product offerings. This includes targeting consumers looking for advanced home security and seamless integration of smart devices for convenience.
- Latch Inc can explore strategic partnerships with other technology companies, home builders, or property management firms. By integrating its solutions with complementary products or leveraging existing distribution networks, Latch Inc can expand its market reach, enhance brand recognition, and tap into new customer segments.
Threats
- Despite the opportunities, Latch Inc also faces several external threats that can impact its business operations. Increasing competition from both established players and emerging startups poses challenges in terms of market share and pricing pressures. Additionally, changing regulations and compliance requirements can add complexity and potentially slow down product development and deployment.
- The smart lock and access control industry have witnessed intense competition with numerous players vying for market leadership. Latch Inc needs to stay ahead by continually innovating, refining its products, and demonstrating superior value to customers. Differentiation through unique features and exceptional user experience is crucial in order to maintain a competitive edge.
- The regulatory environment and compliance requirements related to privacy, data protection, and cybersecurity are constantly evolving. Latch Inc needs to closely monitor these changes and ensure strict adherence to laws and standards. Failure to do so can result in significant penalties, reputation damage, and legal consequences.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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