Similar companies
Income Statement (NONE)
| Q3 '25 | QoQ | |
|---|---|---|
| Revenue | 23M | 63.5% |
| Gross Profit | 16M | 419% |
| Cost of Revenue | 7.3M | 33.7% |
| Operating expense | 3.2M | 84% |
| Net Income | 17M | 203.4% |
| EBITDA | 19M | 228.8% |
Balance Sheet (NONE)
| Q3 '25 | QoQ | |
|---|---|---|
| Total Assets | 196M | 33.3% |
| Total Liabilities | 85M | 32% |
| Total Equity | 111M | 34.3% |
| Shares Outstanding | 157M | 10.7% |
Cash Flow (NONE)
| Q3 '25 | QoQ | |
|---|---|---|
| Cash from operations | -36M | 525.9% |
| Cash from investing | 55M | 83% |
| Cash from financing | -22M | 0% |
EPS
Financial Highlights for Latch in Q3 '25
Latch reported a revenue of 23M, which is a 63.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 16M, marking a 419% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 7.3M, a -33.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 3.2M, showing a -84% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 17M, showing a 203.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 19M, showing a 228.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Latch with growth in revenue, gross profit, and net income.
