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Latch Inc(LTCH)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for LTCH
09/14/2026: LTCH (1-star) is currently NOT-A-BUY. Pass it for now.
Latch Inc is a small-cap software and building technology company that provides the LatchOS platform to modernize multi-family residential access and management. While Latch has established a unique, integrated niche in the premium multi-family market, it has struggled with high cash burn and operational instability since going public. The primary growth opportunity lies in scaling its software-focused business and penetrating the large apartment retrofit market. However, investors face substantial risks related to execution, intense competition from established incumbents, and macroeconomic sensitivity to new construction. The stock remains speculative, best suited for investors comfortable with high risk and turnaround situations, while requiring close monitoring of cash flow stability and operational execution.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company's historical inability to scale profitably makes it a difficult fit for traditional growth strategies. |
| Momentum investor | Mixed fit | Momentum fits are conditional on positive structural signals and sustained upward price action which have been absent. |
| Value investor | Weak fit | The company lacks the positive earnings history and asset stability required for traditional value investing. |
| Dividend investor | Weak fit | Latch does not pay dividends and focuses entirely on operational recovery. |
| Low-risk investor | Weak fit | High volatility and operational uncertainty make this unsuitable for risk-averse portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock has experienced extreme price fluctuations typical of distressed growth equities. |
| Valuation risk | High | Uncertainty in revenue generation makes it difficult to establish a stable valuation baseline. |
| Competition risk (hardware/software incumbents) | High | Established players with deeper pockets can undercut Latch on price and scale. |
| Business quality | Medium | The platform model is conceptually strong but execution has been historically inconsistent. |
| Dividend income | Low / none | The company is not currently generating cash for shareholder distributions. |
| Execution risk | High | Successfully pivoting the business model while maintaining customer trust is a critical challenge. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -45.25% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/14/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 32.30M USD | Price to earnings Ratio - | 1Y Target Price 5.5 |
Price to earnings Ratio - | 1Y Target Price 5.5 | ||
Volume (30-day avg) 53.3K shares | Beta 1.3 | 52 Weeks Range 0.05 - 0.30 | Updated Date 09/13/2026 |
52 Weeks Range 0.05 - 0.30 | Updated Date 09/13/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.59 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| LatchOS Subscriptions | Monthly recurring fees from property managers for the Latch software platform. | This is the core 'sticky' revenue stream that investors prioritize. |
| Hardware Sales | One-time revenue from selling smart locks and access readers. | This acts as an entry point for the LatchOS ecosystem but carries lower margins. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE - | Enterprise Value 15.81M | Price to Sales(TTM) 0.48 |
Enterprise Value 15.81M | Price to Sales(TTM) 0.48 | ||
Enterprise Value to Revenue 2.18 | Enterprise Value to EBITDA -0.69 | Shares Outstanding 165.66M | Shares Floating 112.47M |
Shares Outstanding 165.66M | Shares Floating 112.47M | ||
Percent Insiders 20.16 | Percent Institutions 21.03 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About Latch Inc
Exchange NASDAQ | Headquarters Olivette, MO, United States | ||
IPO Launch date 2020-12-31 | CEO & Principal Executive Officer Mr. David Lillis | ||
Sector Technology | Industry Software - Application | Full time employees 120 | Website https://www.latch.com |
Full time employees 120 | Website https://www.latch.com | ||
Latch, Inc., together with its subsidiaries, operates as a technology company, provides integrated ecosystem of hardware, software and services in the United States and Canada. It offers the DOOR Platform, a cloud-based software-as-a-service platform that manages suite of smart access control devices, including locks, readers and intercoms; and smart home devices. Its software products include DOOR OS, a web-based application for building owners, property managers and channel partners to manage access permissions, oversee building operations, monitor connected devices, streamline resident turnover and resolve operational issues"all remotely; Door App, IOS and android applications used by residents and building operators for unlocking doors, managing guest, and service provider access and controlling and monitoring integrated smart home devices; Concierge Pro, which provides remote receptionist capabilities for deliveries and guest arrivals, integrated with latch intercom or latch link devices; and OpenKit, a Software Development Kits (SDKs) and Application Programming Interfaces (APIs) allowing partners. The company also offers hardware devices that include Latch Access Devices, a hardware portfolio includes smart locks for unit doors and readers for common area and building entrances, designed to meet industry standards and building codes; Connectivity and Other Devices, such as Latch Intercom, Latch Link, a QR-code based virtual intercom, DOOR Camera and DOOR Hub, which acts as a connectivity hub enabling communication between the DOOR Platform and various smart access, smart home, and sensor devices within a building; and Third-Party Integration, which allows third-party hardware manufacturers to embed Latch technology in their products. It serves real estate developers, builders, building owners and property managers. Latch, Inc. is headquartered in Olivette, Missouri.
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