Filing Flows › Latch (LTCH) › Q4 2024
Latch (LTCH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Nov 5, 2025
Latch (LTCH) reported revenue of $16.7M for the fourth quarter 2024 (Q4 2024), +20% from a year earlier and +12% from the quarter before. Operating margin was -61.2%, net loss $10.0M (59.6% of revenue).
Latch, Q4 2024: revenue $16.7M (+20% year over year), operating margin -61.2%, net loss $10.0M, operating cash flow −$13.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.7M | +12% | +20% |
| Operating profit | −$10.2M | — | — |
| Net earnings | −$10.0M | — | — |
| Operating cash flow | −$13.4M | — | — |
What changed
Revenue was $16.7M in Q4 2024, up 20% year over year and up 12% from the previous quarter. Professional services was the largest line at 43% of revenue.
Operating costs exceeded revenue by $10.2M, an operating margin of -61.2%. Total costs fell 13% while revenue rose 20%. The fastest-growing cost line was Other operating costs (+148%). The quarter ended with a net loss of $10.0M, narrower than the previous quarter's $17.1M loss.
Operating cash flow was −$13.4M. Non-cash charges added back $1.7M of depreciation and amortization. Working capital and other items used $5.2M. Capital expenditures of $536K exceeded it, leaving free cash flow of −$14.0M.
Questions
What was Latch's revenue in the fourth quarter 2024?
Latch (LTCH) reported revenue of $16.7M for the fourth quarter 2024 (Q4 2024), +20% from a year earlier and +12% from the quarter before.
Was Latch profitable in the fourth quarter 2024?
Operating loss was $10.2M (-61.2% of revenue) and net loss $10.0M.
Source: Latch 10-K on SEC EDGAR.