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Latch Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2024 earnings summary5 Nov, 2025
Executive summary
Achieved a key milestone by filing 2024 Annual and Quarterly SEC reports, progressing toward current reporting status.
Rebranded from Latch to DOOR, with a new brand and platform experience now live.
Financial highlights
2024 software revenue reached $20.3 million, up 14% year-over-year.
Total 2024 revenue was $56.6 million, a 26% increase year-over-year.
Net loss for 2024 was $(57.6) million, a 46% improvement year-over-year.
Adjusted EBITDA for 2024 was $(40.7) million, a 41% year-over-year improvement.
Outlook and guidance
Preliminary, unaudited revenues for the first nine months of 2025 increased by at least 20% compared to the same period in 2024.
Anticipates lower cash outflows from operating and non-recurring activities in 2025 compared to 2024.
Can reduced cash outflows be sustained in 2025?
Impact of non-recurring costs on 2025 profitability?
What are benefits of becoming SEC current?
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Q4 202524 Feb, 2026
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Frequently asked questions
Latch, Inc. operates as an enterprise technology company in the United States and Canada. It offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. The company’s hardware products include Latch M Access Units for electronic access to units or buildings; Latch M Reader to replace standard lock boxes for real estate entrance systems; Latch M Doorbell Camera for recording videos through a camera; and Latch M Power Recessed that provides power to interior doors or light fixtures. Its other products comprise Latch R Access Readers that offer brand-specific visual identity devices, such as onsite touch screens, digital signage, or tablet screens; and Latch R Access Direct that enables access through phone and pin entry. The company also provides software applications include intercom application with two-way audio communication; release box guest access system online booking portal; property operations dashboard for facilities managers’ occupancy status and tenant messaging; visitor management solution with configurable approval workflows and notifications; package tracking allowing tenants to schedule deliveries based on availability; and mobile application featuring digital keys/credentials including wireless Bluetooth access credentials to enter a building.
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