Matterport (MTTR) 10-Q 10 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 03, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-39790
Entity Registrant Name	Matterport, Inc./DE
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-1695048
Entity Address, Address Line One	352 East Java Drive
Entity Address, City or Town	Sunnyvale
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94089
City Area Code	650
Local Phone Number	641-2241
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		242,504,260
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001819394
Current Fiscal Year End Date	--12-31
Class A Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock, par value of $0.0001 per share
Trading Symbol	MTTR
Security Exchange Name	NASDAQ
Warrants
Document Information [Line Items]
Title of 12(b) Security	Warrants, each exercisable for one share of Class A Common Stock for $11.50 per share
Trading Symbol	MTTRW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 148,853	$ 51,850
Restricted cash	468	400
Short-term investments	174,168	0
Accounts receivable, net of allowance of $182 and $799, as of September 30, 2021 and December 31, 2020, respectively	9,572	3,924
Inventories	3,989	3,646
Prepaid expenses and other current assets	11,395	2,453
Total current assets	348,445	62,273
Property and equipment, net	11,377	8,210
Long-term investments	290,900	0
Other assets	2,716	1,369
Total assets	653,438	71,852
Current liabilities
Accounts payable	6,848	3,434
Current portion of long-term debt	0	8,215
Deferred revenue	8,903	4,606
Accrued expenses and other current liabilities	8,781	6,995
Total current liabilities	24,532	23,250
Warrants liability	88,303
Contingent earn-out liability	334,389	0
Long-term debt	0	4,502
Deferred revenue, non-current	210	297
Other long-term liabilities	278	335
Total liabilities	447,712	28,384
Commitments and contingencies (Note 8)
Redeemable convertible preferred stock, $0.0001 par value; 30,000 and 125,405 shares authorized as of September 30, 2021 and December 31, 2020, respectively; nil and 124,979 shares issued and outstanding as of September 30, 2021 and December 31, 2020; and liquidation preference of nil and $166,131 as of September 30, 2021 and December 31, 2020, respectively	0	164,168
Stockholders’ equity (deficit):
Common stock, $0.0001 par value; 640,000 shares and 230,680 shares authorized as of September 30, 2021 and December 31, 2020, respectively; and 242,413 shares and 38,981 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively	24	4
Additional paid-in capital	512,808	9,159
Accumulated other comprehensive income (loss)	(38)	135
Accumulated deficit	(307,068)	(129,998)
Total stockholders’ equity (deficit)	205,726	(120,700)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit)	653,438	71,852
Public Warrant
Current liabilities
Warrants liability	53,682	0
Private Warrant
Current liabilities
Warrants liability	$ 34,621	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 182,000	$ 799,000
Redeemable convertible preferred stock, par value ($ per share)	$ 0.0001	$ 0.0001
Redeemable convertible preferred, authorized (shares)	30,000,000	125,405,000
Redeemable convertible preferred, issued (shares)	0	124,979,000
Redeemable convertible preferred, outstanding (shares)	0	124,979,000
Redeemable convertible preferred liquidation preference	$ 0	$ 166,131,000
Common stock, par value ($ per share)	$ 0.0001	$ 0.0001
Common stock, authorized (shares)	640,000,000	230,680,000
Common stock, issued (shares)	242,413,000	38,981,000
Common stock, outstanding (shares)	242,413,000	38,981,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Total revenue	$ 27,655	$ 25,074	$ 84,087	$ 62,297
Total costs of revenue	13,474	10,008	35,364	27,836
Gross profit	14,181	15,066	48,723	34,461
Operating expenses:
Research and development	14,484	3,861	27,599	13,003
Selling, general, and administrative	44,053	9,942	73,612	30,215
Total operating expenses	58,537	13,803	101,211	43,218
Income (loss) from operations	(44,356)	1,263	(52,488)	(8,757)
Other income (expense):
Interest income	550	3	572	16
Interest expense	(91)	(339)	(676)	(1,197)
Transaction costs	(565)	0	(565)	0
Change in fair value of warrants liabilities	(24,176)	0	(24,176)	0
Change in fair value of contingent earn-out liability	(98,478)	0	(98,478)	0
Other expense, net	(839)	(4)	(1,186)	(903)
Total expense	(123,599)	(340)	(124,509)	(2,084)
Income (loss) before provision for income taxes	(167,955)	923	(176,997)	(10,841)
Provision for income taxes	34	17	73	51
Net income (loss)	(167,989)	906	(177,070)	(10,892)
Less: Income allocated to preferred stockholders	0	(906)	0	0
Net income (loss) attributable to common stockholders	$ (167,989)	$ 0	$ (177,070)	$ (10,892)
Net income (loss) per share, basic and diluted
Basic ($ per share)	$ (0.86)	$ 0	$ (1.90)	$ (0.34)
Diluted ($ per share)	$ (0.86)	$ 0	$ (1.90)	$ (0.34)
Weighted-average shares used in per share calculation, basic and diluted
Basic (shares)	196,478	32,552	93,061	32,334
Diluted (shares)	196,478	32,552	93,061	32,334
Other comprehensive income, net of tax:
Foreign currency translation gain (loss)	$ (16)	$ 99	$ (79)	$ (20)
Unrealized loss on available-for-sale securities, net of tax	(182)	0	(94)	0
Comprehensive income (loss)	(168,187)	1,005	(177,243)	(10,912)
Subscription
Total revenue	15,677	11,517	44,758	29,032
Total costs of revenue	3,908	2,981	10,543	8,299
License
Total revenue	118	3,000	4,477	3,000
Total costs of revenue	0	69	0	69
Services
Total revenue	3,292	2,341	8,860	5,498
Total costs of revenue	2,460	1,730	6,785	4,270
Product
Total revenue	8,568	8,216	25,992	24,767
Total costs of revenue	$ 7,106	$ 5,228	$ 18,036	$ 15,198

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Deficit - USD ($) $ in Thousands		Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (loss)	Accumulated Deficit
Redeemable convertible preferred, outstanding, beginning (shares) at Dec. 31, 2019	[1]	98,542,000
Redeemable convertible preferred stock, beginning at Dec. 31, 2019		$ 110,978
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of convertible securities (shares)		4,729,000
Conversion of convertible securities		$ 9,501
Redeemable convertible preferred, outstanding, ending (shares) at Mar. 31, 2020		98,542,000
Redeemable convertible preferred stock, ending at Mar. 31, 2020		$ 110,978
Common stock, outstanding, beginning (shares) at Dec. 31, 2019	[1]		32,132,000
Beginning balance at Dec. 31, 2019		(109,629)	$ 3	$ 5,871	$ 36	$ (115,539)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(8,108)				(8,108)
Other comprehensive income (loss)		(98)			(98)
Stock-based compensation		620		620
Common stock, outstanding, ending (shares) at Mar. 31, 2020			32,132,000
Ending balance at Mar. 31, 2020		$ (117,215)	$ 3	6,491	(62)	(123,647)
Redeemable convertible preferred, outstanding, beginning (shares) at Dec. 31, 2019	[1]	98,542,000
Redeemable convertible preferred stock, beginning at Dec. 31, 2019		$ 110,978
Redeemable convertible preferred, outstanding, ending (shares) at Sep. 30, 2020		124,979,000
Redeemable convertible preferred stock, ending at Sep. 30, 2020		$ 164,168
Common stock, outstanding, beginning (shares) at Dec. 31, 2019	[1]		32,132,000
Beginning balance at Dec. 31, 2019		(109,629)	$ 3	5,871	36	(115,539)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(10,892)
Common stock, outstanding, ending (shares) at Sep. 30, 2020			32,886,000
Ending balance at Sep. 30, 2020		$ (119,435)	$ 3	7,415	16	(126,869)
Redeemable convertible preferred, outstanding, beginning (shares) at Mar. 31, 2020		98,542,000
Redeemable convertible preferred stock, beginning at Mar. 31, 2020		$ 110,978
Increase (Decrease) in Temporary Equity [Roll Forward]
Issuance of Series D redeemable convertible preferred stocks net of issuance costs (shares)		21,708,000
Issuance of Series D redeemable convertible preferred stock net of issuance costs		$ 43,689
Redeemable convertible preferred, outstanding, ending (shares) at Jun. 30, 2020		124,979,000
Redeemable convertible preferred stock, ending at Jun. 30, 2020		$ 164,168
Common stock, outstanding, beginning (shares) at Mar. 31, 2020			32,132,000
Beginning balance at Mar. 31, 2020		(117,215)	$ 3	6,491	(62)	(123,647)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(3,690)				(3,690)
Other comprehensive income (loss)		(21)			(21)
Issuance of common stock upon exercise of stock options (shares)			355,000
Issuance of common stock upon exercise of stock options		51		51
Stock-based compensation		625		625
Common stock, outstanding, ending (shares) at Jun. 30, 2020			32,487,000
Ending balance at Jun. 30, 2020		$ (120,250)	$ 3	7,167	(83)	(127,337)
Redeemable convertible preferred, outstanding, ending (shares) at Sep. 30, 2020		124,979,000
Redeemable convertible preferred stock, ending at Sep. 30, 2020		$ 164,168
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		906				906
Other comprehensive income (loss)		99			99
Issuance of common stock upon exercise of stock options (shares)			843,000
Issuance of common stock upon exercise of stock options		138		138
Repurchase and Retirement of common stock (shares)			(444,000)
Repurchase and Retirement of common stock		(438)				(438)
Stock-based compensation		664		664
Common stock, outstanding, ending (shares) at Sep. 30, 2020			32,886,000
Ending balance at Sep. 30, 2020		$ (119,435)	$ 3	7,415	16	(126,869)
Redeemable convertible preferred, outstanding, beginning (shares) at Dec. 31, 2020		124,979,000
Redeemable convertible preferred stock, beginning at Dec. 31, 2020		$ 164,168
Redeemable convertible preferred, outstanding, ending (shares) at Mar. 31, 2021		124,979,000
Redeemable convertible preferred stock, ending at Mar. 31, 2021		$ 164,168
Common stock, outstanding, beginning (shares) at Dec. 31, 2020		38,981,000	38,981,000
Beginning balance at Dec. 31, 2020		$ (120,700)	$ 4	9,159	135	(129,998)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(2,872)				(2,872)
Other comprehensive income (loss)		(27)			(27)
Issuance of common stock upon exercise of stock options (shares)			1,585,000
Issuance of common stock upon exercise of stock options		789		789
Stock-based compensation		740		740
Common stock, outstanding, ending (shares) at Mar. 31, 2021			40,566,000
Ending balance at Mar. 31, 2021		$ (122,070)	$ 4	10,688	108	(132,870)
Redeemable convertible preferred, outstanding, beginning (shares) at Dec. 31, 2020		124,979,000
Redeemable convertible preferred stock, beginning at Dec. 31, 2020		$ 164,168
Redeemable convertible preferred, outstanding, ending (shares) at Sep. 30, 2021		0
Redeemable convertible preferred stock, ending at Sep. 30, 2021		$ 0
Common stock, outstanding, beginning (shares) at Dec. 31, 2020		38,981,000	38,981,000
Beginning balance at Dec. 31, 2020		$ (120,700)	$ 4	9,159	135	(129,998)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		$ (177,070)
Issuance of common stock upon exercise of stock options (shares)		2,673,000
Common stock, outstanding, ending (shares) at Sep. 30, 2021		242,413,000	242,413,000
Ending balance at Sep. 30, 2021		$ 205,726	$ 24	512,808	(38)	(307,068)
Redeemable convertible preferred, outstanding, beginning (shares) at Mar. 31, 2021		124,979,000
Redeemable convertible preferred stock, beginning at Mar. 31, 2021		$ 164,168
Redeemable convertible preferred, outstanding, ending (shares) at Jun. 30, 2021		124,979,000
Redeemable convertible preferred stock, ending at Jun. 30, 2021		$ 164,168
Common stock, outstanding, beginning (shares) at Mar. 31, 2021			40,566,000
Beginning balance at Mar. 31, 2021		(122,070)	$ 4	10,688	108	(132,870)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(6,209)				(6,209)
Other comprehensive income (loss)		52			52
Issuance of common stock upon exercise of stock options (shares)			1,184,000
Issuance of common stock upon exercise of stock options		553		553
Stock-based compensation		713		713
Common stock, outstanding, ending (shares) at Jun. 30, 2021			41,750,000
Ending balance at Jun. 30, 2021		$ (126,961)	$ 4	11,954	160	(139,079)
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of convertible securities (shares)		(125,031,000)
Conversion of convertible securities		$ (164,461)
Issuance of Series D redeemable convertible preferred stocks net of issuance costs (shares)		52,000
Issuance of Series D redeemable convertible preferred stock net of issuance costs		$ 293
Redeemable convertible preferred, outstanding, ending (shares) at Sep. 30, 2021		0
Redeemable convertible preferred stock, ending at Sep. 30, 2021		$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(167,989)				(167,989)
Other comprehensive income (loss)		(198)			(198)
Conversion of convertible securities (shares)			126,461,000
Conversion of convertible securities		164,461	$ 13	164,448
Issuance of common stock upon exercise of stock options (shares)			633,000
Issuance of common stock upon exercise of stock options		357		357
Issuance of common stock upon exercise of legacy Matterport common stock warrants (shares)			1,038,000
Issuance of common stock (shares)			72,531,000
Issuance of common stock upon the reverse recapitalization, net of transaction costs		539,897	$ 7	539,890
Contingent earn-out liability		(235,911)		(235,911)
Settlement of vested stock options		(554)		(554)
Stock-based compensation		$ 32,070		32,070
Common stock, outstanding, ending (shares) at Sep. 30, 2021		242,413,000	242,413,000
Ending balance at Sep. 30, 2021		$ 205,726	$ 24	$ 512,808	$ (38)	$ (307,068)
[1]	(1) The shares of the Company’s common and redeemable convertible preferred stock, prior to the Merger (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 4.1193 established in the Merger as described in Note 3.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Deficit (Parenthetical)	Jul. 22, 2021	Jul. 21, 2021
Statement of Stockholders' Equity [Abstract]
Recapitalization exchange ratio	4.1193	4.1193

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (177,070)	$ (10,892)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,121	3,538
Amortization of debt discount	135	172
Amortization of investment premiums, net of accretion of discounts	413	0
Stock-based compensation, net of amounts capitalized	31,997	1,794
Change in fair value of warrants liabilities	24,176	0
Change in fair value of contingent earn-out liability	98,478	0
Transaction costs	565	0
Loss on extinguishment of debt and convertible notes	210	954
Allowance for doubtful accounts	460	581
Other	193	10
Changes in operating assets and liabilities:
Accounts receivable	(6,100)	(7,097)
Inventories	(342)	(2,260)
Prepaid expenses and other assets	(7,699)	(965)
Accounts payable	3,427	1,692
Deferred revenue	4,503	2,817
Accrued expenses and other liabilities	1,442	2,516
Net Cash Provided by (Used in) Operating Activities	(21,091)	(7,140)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(536)	(20)
Capitalized software and development costs	(5,233)	(3,624)
Purchase of investments	(466,466)	0
Investment in convertible notes	(1,000)	0
Net Cash Provided by (Used in) Investing Activities	(473,235)	(3,644)
CASH FLOW FROM FINANCING ACTIVITIES:
Proceeds from reverse recapitalization and PIPE financing, net	612,854	0
Payment of transaction costs related to reverse recapitalization	(9,813)	0
Proceeds from issuance of redeemable convertible preferred stock, net	0	43,689
Proceeds from exercise of stock options	1,696	189
Proceeds from debt, net	0	5,221
Proceeds from convertible notes, net of issuance costs	0	8,457
Repayment of debt	(13,067)	(6,974)
Settlement of vested stock options	0	(554)
Repurchase of common stock	0	(438)
Net cash provided by financing activities	591,670	49,590
Net change in cash, cash equivalents, and restricted cash	97,344	38,806
Effect of exchange rate changes on cash	(273)	(22)
Cash, cash equivalents, and restricted cash at beginning of year	52,250	10,152
Cash, cash equivalents, and restricted cash at end of period	149,321	48,936
Supplemental disclosures of cash flow information
Cash paid for interest	753	851
Supplemental disclosures of non-cash investing and financing information
Contingent earn-out liability recognized upon the closing of the reverse recapitalization	231,627	0
Conversion of redeemable convertible preferred stock into common stock in connection with the reverse recapitalization	164,461	0
Unpaid transaction costs	$ 200	$ 0

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	ORGANIZATION AND DESCRIPTION OF BUSINESS Matterport, Inc. and its subsidiaries (collectively, “Matterport” or the “Company”) is leading the digitization and datafication of the built world. Matterport’s pioneering technology has set the standard for digitizing, accessing and managing buildings, spaces and places online. Matterport’s platform comprising innovative software, spatial data-driven data science, and 3D capture technology has broken down the barriers that have kept the largest asset class in the world, buildings and physical spaces, offline and underutilized for so long. The Company was incorporated in the state of Delaware in 2011. The Company is headquartered at Sunnyvale, California. On July 22, 2021 (the “Closing Date”), the Company consummated the previously announced merger (collectively with the other transactions described in the Merger Agreement, the “Merger”, “Closing”, or “Transactions”) pursuant to an Agreement and Plan of Merger, dated February 7, 2021 (the “Merger Agreement”), by and among the Company (at such time named Gores Holding VI, Inc., (“Gores”, or “GHVI”), First Merger Sub, Second Merger Sub, and the pre-Merger Matterport, Inc. (“Legacy Matterport”). In connection with the consummation of the Merger, the registrant changed its name from Gores Holdings VI, Inc. to Matterport, Inc. First Merger Sub merged with and into Legacy Matterport, with Legacy Matterport continuing as the surviving corporation (the “First Merger”), and immediately following the First Merger and as part of the same overall transaction as the First Merger, Legacy Matterport merged with and into Second Merger Sub, with Second Merger Sub continuing as the surviving entity as a wholly owned subsidiary of the Company, under the new name “Matterport Operating, LLC” (the “Mergers”). See Note 3 “ Reverse Recapitalization ” for additional information.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Other than policies noted below, no material changes have been made to the significant accounting policies disclosed in Note 2 of the audited consolidated financial statements as of December 31, 2020 and 2019 and for the years ended December 31, 2020 and 2019 included in Matterport’s proxy statement/prospectus filed with the SEC on August 27, 2021. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission, (“SEC”), regarding interim financial reporting. Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes for the years ended December 31, 2020 and 2019 and the related notes included in the Company’s Registration Statement on Form S-1 filed with the SEC on August 19, 2021, which provides a more complete discussion of the Company’s accounting policies and certain other information. In the opinion of the Company, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of September 30, 2021, and its results of operations for the three and nine months ended September 30, 2021 and 2020, and cash flows for the nine months ended September 30, 2021 and 2020. The condensed consolidated balance sheet as of December 31, 2020, was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. Reclassification Certain prior-period amounts have been reclassified in the accompanying Condensed Consolidated Financial Statements and Notes thereto in order to conform to the current period presentation. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts and disclosures in the condensed consolidated financial statements and accompanying notes. Significant estimates include assumptions related to the fair value of common stock and other assumptions used to measure stock-based compensation, valuation of deferred tax assets, the estimate of net realizable value of inventory, allowance for doubtful accounts, the fair value of common stock warrants, public and private warrants liability, and e arn-out shares, and the determination of stand-alone selling price (“SSP”) of various performance obligations. As of September 30, 2021, future impact of the COVID-19 pandemic on the Company’s operational and financial performance will depend on certain developments, including the duration and spread of the pandemic, impact on the Company’s subscribers and their spending habits, impact on the Company’s marketing efforts, and effect on the Company’s suppliers, all of which are uncertain and cannot be predicted with certainty. As a result, many of the Company’s estimates and assumptions required increased judgment and these estimates may change materially in future periods. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and various other factors, including the current economic environment and the impact of COVID-19, which management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company adjusts such estimates and assumptions when dictated by facts and circumstances. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the consolidated financial statements in future periods. Actual results may differ materially from those estimates. Segment information The Company has a single operating segment and reportable segment. The Company’s chief operating decision-maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, and allocating resources. Refer to Note 4, for information regarding the Company’s revenue by geography. Substantially all of the Company’s long-lived assets are located in the United States. Concentration of Credit Risk and Other Risks and Uncertainties Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, investments, and accounts receivable. The Company maintains its cash balances in accounts held by major banks and financial institutions located in the United States. Such bank deposits from time to time may be exposed to credit risk in excess of the Federal Deposit Insurance Corporation insurance limit, and the Company considers such risk to be minimal. We invest only in high-quality credit instruments and maintain our cash and cash equivalents and available-for-sale investments in fixed income securities. Management believes that the financial institutions that hold our investments are financially sound and, accordingly, are subject to minimal credit risk. Deposits held with banks may exceed the amount of insurance provided on such deposits. The Company’s accounts receivable is derived from customers located both inside and outside the United States. The Company mitigates its credit risks by performing ongoing credit evaluations of the financial condition of its customers and requires advance payment from customers in certain circumstances. The Company generally does not require collateral from its customers. The following table presents revenues by customers representing 10% or more of total revenues for the three and nine months ended September 30, 2021 and 2020, respectively: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Customer: Customer A * 12.0 % * * * Represents less than 10% The following table presents total accounts receivable representing 10% or more of total accounts receivable at September 30, 2021 and December 31, 2020: September 30, 2021 December 31, 2020 Customer: Customer B 11.1 % * * Represents less than 10% Cash, Cash Equivalents, and Restricted Cash The Company considers all highly liquid investments purchased with an original maturity of 90 days or less to be cash equivalents. Cash and cash equivalents include cash on hand and amounts on deposit with financial institutions. Amounts receivable from credit card processors of approximately $0.6 million and $0.8 million as of September 30, 2021 and December 31, 2020, respectively, are also considered cash equivalents because they are both short-term and highly-liquid in nature and are typically converted to cash approximately three to five business days from the date of the underlying transaction. The Company had restricted cash of $0.5 million and $0.4 million as of September 30, 2021 and December 31, 2020. The restricted cash is cash deposits restricted under the 2020 Term Loan. Refer to Note 7. Debt for additional information. Accounts Receivable, Net Accounts receivable consists of current trade receivables due from customers recorded at the invoiced amount, net of allowances for doubtful accounts. The Company’s accounts receivable primarily represent amounts due from customers arising from revenue and are stated at the amount the Company expects to collect from outstanding balances. On a periodic basis, the Company evaluates accounts receivable estimated to be uncollectible and provides allowances, as necessary, for doubtful accounts. As of September 30, 2021 and December 31, 2020, the allowance for doubtful accounts was $0.2 million and $0.8 million, respectively. Investment The Company classifies its investments in marketable and non-marketable securities as available-for-sale at the time of purchase based on the legal form of the security, the Company’s intended holding period for the security, and the nature of the transaction. Investments not considered cash equivalents and with maturities within one year or less from the condensed consolidated balance sheet date are classified as short-term investments. Investments with maturities greater than one year from the condensed consolidated balance sheet date are classified as long-term investments. Unrealized gains and losses on available-for-sale debt securities are excluded from net income (loss) and reported in accumulated other comprehensive income (loss) (“AOCI”) as a separate component of stockholders’ equity. Other income (expense), net, includes interest, amortization of purchase premiums and discounts, realized gains and losses on sales of securities and other-than-temporary declines in the fair value of securities, if any. The cost of securities sold is based on the specific identification method. We regularly review all of our investments for other-than-temporary declines in fair value. Our review includes the consideration of the cause of the impairment, including the creditworthiness of the security issuers, the number of securities in an unrealized loss position, the severity and duration of the unrealized losses, whether we have the intent to sell the securities and whether it is more likely than not that we will be required to sell the securities before the recovery of their amortized cost basis. When we determine that the decline in fair value of an investment is below our accounting basis and the decline is other-than-temporary, we reduce the carrying value of the security we hold and record a loss for the amount of such decline. Transaction costs Transaction costs consist of direct legal, accounting and other fees relating to the consummation of the Merger. These costs were initially capitalized as incurred in other assets on the condensed consolidated balance sheets. Upon the Closing, transaction costs related to the issuance of shares were recognized in stockholders’ equity (deficit) while costs associated with the public and private warrants liabilities were expensed in the condensed consolidated statements of operations and comprehensive loss. As of December 31, 2020, $0.1 million of deferred transaction costs were included within other assets in the condensed consolidated balance sheet. The Company and Gores incurred $10.0 million and $26.3 million transaction costs, respectively. The total transaction cost was $36.3 million, consisting of underwriting, legal, and other professional fees, of which $35.7 million was recorded to additional paid-in capital as a reduction of proceeds and the remaining $0.6 million was expensed immediately upon the Closing. Warrants Liability The Company assumed publicly-traded warrants (“Public Warrants”) and private warrants (“Private Warrants”) upon the Closing. The Company accounts for warrants for shares of the Company’s Class A common stock that are not indexed to its own stock as liabilities at fair value on the balance sheet. The warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized in the Company’s statement of operations. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as a liability at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations. Earn-out Arrangement In connection with the Reverse Recapitalization and pursuant to the Merger Agreement, eligible Legacy Matterport stockholders and Legacy Matterport stock option and restricted share unit (“RSU”) holders are entitled to receive an aggregate of 23,460,000 shares of the Company’s Class A c ommon stock (“Earn-out Shares”) upon the Company achieving certain Earn-out Triggering Events during the Earn-out Period (as described in Note 11). In accordance with ASC 815-40, Earn-out Shares issuable to Legacy Matterport common stockholders in respect of such common stock are not solely indexed to the common stock and therefore are accounted for as contingent earn-out liability on the condensed consolidated balance sheet at the reverse recapitalization date and subsequently remeasured at each reporting date with changes in fair value recorded a component of other income (expense), net in the condensed consolidated statements of operations and comprehensive income (loss). Earn-out Shares issuable to certain holders of Legacy Matterport stock options and RSUs in respect of such stock options and RSUs (the “Earn-out Awards”) are subject to forfeiture and are accounted for in accordance with ASC 718. The Company measures and recognizes stock-compensation expense based on the fair value of the Earn-out Awards over the derived service period for each tranche. Forfeitures are accounted for as they occur. Upon the forfeiture of Earn-out Shares issuable to any eligible holder of Legacy Matterport stock options and RSUs, the forfeited Earn-out awards are subject to reallocation and grant on a pro rata basis to the remaining eligible Legacy Matterport stockholders and stock options and RSUs holders. The reallocated issuable shares to Legacy Matterport common stockholders are recognized as contingent earn-out liability, and the reallocated issuable shares to Legacy Matterport stock options and RSUs holders are recognized as share-based compensation over the remaining derived service period based on the fair value on the date of the reallocation. The estimated fair value of the Earn-out Shares is allocated proportionally to contingent earn-out liability and the grant date fair value of the Earn-out Awards. The estimated fair value of the Earn-out Shares is determined using a Monte Carlo simulation prioritizing the most reliable information available. The assumptions utilized in the calculation are based on the achievement of certain stock price milestones, including the current Company common stock price, expected volatility, risk-free rate, expected term and dividend rate. The contingent earn-out liability is categorized as a Level 3 fair value measurement because the Company estimates projections during the Earn-out Period utilizing unobservable inputs. See Note 6 “Fair Value Measurement” and Note 13 “Contingent Earn-Out Liability” for additional information. If the applicable earn-out triggering event is achieved for a tranche, the Company will account for the Earn-out Shares for such tranche as issued and outstanding common stock. As of September 30, 2021 , the earn-out triggering events have not yet been achieved, the Earn-out Shares are contingently issuable and not reflected in the condensed consolidated financial statements. Fair Value Measurement The Company applied fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. We define fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which we would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risks. Advertising Costs Advertising costs are expensed as incurred and included in selling, general, and administrative in the condensed consolidated statements of operations and comprehensive income (loss). Advertising expense was $2.3 million and $0.9 million for the three months ended September 30, 2021 and 2020, and $5.8 million and $3.0 million for the nine months ended September 30, 2021 and 2020, respectively. Comprehensive Income (loss) Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) reflects gains and losses that are recorded as a component of stockholders’ equity (deficit) and are excluded from net income (loss). Other comprehensive income (loss) consists of foreign currency translation adjustments related to consolidation of foreign entities and unrealized gain (loss) on marketable securities classified as available-for-sale. Accounting Pronouncements The Company is provided the option to adopt new or revised accounting guidance as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 either (1) within the same periods as those otherwise applicable to public business entities or (2) within the same time periods as nonpublic business entities, including early adoption when permissible. With the exception of standards the Company elected to early adopt, when permissible, the Company has elected to adopt new or revised accounting guidance within the same time period as non-public business entities, as indicated below. As a result, the Company’s financial statements may not be comparable to companies that comply with public company effective dates because of this election. Recently Adopted Accounting Standards In August 2018, the FASB issued ASU No. 2018-15, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires customers to apply internal-use software guidance to determine the implementation costs that are able to be capitalized. Under the new standard, capitalized implementation costs are generally amortized over the term of the arrangement, beginning when the module or component of the hosting arrangement is ready for its intended use. All capitalized implementation amounts will be required to be presented in the same line items of the consolidated financial statements as the related hosting fees. The Company adopted ASU No. 2018-15 beginning January 1, 2021 on a prospective method. The adoption did not have a material impact on the Company’s condensed consolidated financial statements. Recently Issued Accounting Standards Not yet Adopted In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This ASU requires a lessee to recognize on the statement of financial position a liability to make lease payments (the lease liability) and a right-to-use asset representing its right to use the underlying asset for the lease term. This ASU is effective for public and private companies’ fiscal years beginning after December 15, 2018, and December 15, 2021, respectively, with early adoption permitted. The Company expects to adopt ASU No. 2016-02 under the private company transition guidance beginning January 1, 2022, and is currently evaluating the impact on the Company’s condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , and subsequent related ASUs, which amends the guidance on the impairment of financial instruments by requiring measurement and recognition of expected credit losses for financial assets held. This ASU is effective for public and private companies’ fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, and December 15, 2022, respectively. The Company expects to adopt ASU No. 2016-13 under the private company transition guidance beginning January 1, 2023, and is currently evaluating the impact on the Company’s condensed consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . ASU No. 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. ASU No. 2019-12 will be effective for public entities for interim and annual periods beginning after December 15, 2020, with early adoption permitted. ASU No. 2019-12 will be effective for private entities for annual periods beginning after December 15, 2021, and interim periods beginning after December 15, 2022, with early adoption permitted. The Company expects to adopt ASU No. 2019-12 under the private company transition guidance beginning January 1, 2022, and is currently assessing the impact the guidance will have on the Company’s condensed consolidated financial statements.

Reverse Recapitalization

Reverse Recapitalization	9 Months Ended
	Sep. 30, 2021
Reverse Recapitalization [Abstract]
Reverse Recapitalization	REVERSE RECAPITALIZATION On July 22, 2021, in connection with the Merger, the Company raised gross proceeds of $640.1 million, including the contribution of $345.1 million of cash held in Gores’ trust account from its initial public offering and an aggregate purchase price of $295.0 million in a private placement pursuant to the subscription agreements (“Private Investment in Public Equity” or “PIPE) at $10.00 per share of Gores’ Class A common stock. The Company paid $0.9 million to Gores’ stockholders who redeemed Gores’ Class A common stock immediately prior to the Closing. The Company and Gores incurred $10.0 million and $26.3 million transaction costs, respectively. The total transaction cost was $36.3 million, consisting of underwriting, legal, and other professional fees, of which $35.7 million was recorded to additional paid-in capital as a reduction of proceeds and the remaining $0.6 million was expensed immediately upon the Closing. The aggregate consideration paid to Legacy Matterport stockholders in connection with the Merger (excluding any potential Earn-Out Shares), was 218,875,000 shares of the Company Class A common stock, par value $0.0001 per share. The Per Share Matterport Stock Consideration was equal to approximately 4.1193 (the “Exchange Ratio”). The following transactions were completed concurrently upon the Closing: • Immediately prior to the Closing, 52,236 shares Series D redeemable convertible preferred stock of Legacy Matterport were issued to a customer of Legacy Matterport. • each issued and outstanding share of Legacy Matterport preferred stock was canceled and converted into the right to receive a total of 126,460,926 shares of the Matterport Class A common stock; • each Legacy Matterport warrant was exercised in full in exchange for the issuance of 1,038,444 shares of Matterport Class A common stock to the holder of such Matterport Warrant; • each issued and outstanding share of Legacy Matterport common stock (including the items mentioned in above points) was canceled and converted into the right to receive an aggregate number of shares of Class A common stock equal to the Per Share Matterport Stock Consideration; • each outstanding vested and unvested Legacy Matterport common stock option was converted into a rollover option, exercisable for shares of Matterport Class A common stock with the same terms except for the number of shares exercisable and the exercise price, each of which was adjusted using the Per Share Matterport Stock Consideration; and • each outstanding and unvested Legacy Matterport RSU was converted into a rollover RSU for shares of Matterport Class A common stock with the same terms except for the number of shares, which were adjusted using the Per Share Matterport Stock Consideration The Merger was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, Gores was treated as the “acquired” company for financial reporting purposes. This determination was primarily based on holders of Matterport capital stock comprising a relative majority of the voting power of the combined entity upon consummation of the Merger and having the ability to nominate the majority of the governing body of the combined entity, Matterport’s senior management comprising the senior management of the combined entity, and Matterport’s operations comprising the ongoing operations of the combined entity. Accordingly, for accounting purposes, the financial statements of the combined entity upon consummation of the Merger represented a continuation of the financial statements of Matterport with the Merger being treated as the equivalent of Matterport issuing stock for the net assets of Gores, accompanied by a recapitalization. The net assets of Gores are stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Merger are presented as those of Matterport in future reports of the combined entity. All periods prior to the Merger have been retroactively adjusted using the Exchange Ratio for the equivalent number of shares outstanding immediately after the Merger to effect the reverse recapitalization. The number of shares of Class A common stock issued immediately following the consummation of the Merger was as follows (shares are in thousands): Shares Legacy Matterport Stockholders (1) 169,425 Public Stockholders of Gores 34,406 Initial Stockholders (defined below) of Class F Stock (2) 8,625 PIPE Investors (3) 29,500 Total 241,956 (1) Excludes 23,460,000 shares of Class A common stock issuable in earn-out arrangement as they are not issuable until 180 days after the Closing and are contingently issuable based upon the triggering events that have not yet been achieved. (2) Represents shares of Class A common stock issued into which shares of Class F common stock of the Company (“Class F Stock”) were converted upon the consummation of the Merger. Excludes 4,079,000 shares of Class A Stock purchased under the Sponsor Subscription Agreement and excludes 15,000 shares of Class A Stock purchased by the Initial Stockholders (excluding the Sponsor) in the PIPE Investment. Gores Holdings VI Sponsor, LLC, a Delaware limited liability company , Mr. Randall Bort, Ms. Elizabeth Marcellino and Ms. Nancy Tellem, Gores’ independent directors, are collectively noted as “Initial Stockholders”. (3) Includes the Initial Stockholders’ ownership of 4,079,000 shares of Class A Stock purchased under the Sponsor Subscription Agreement and includes 15,000 shares of Class A Stock purchased by the Initial Stockholders (excluding the Sponsor) in the PIPE Investment.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE Disaggregated Revenue —The following table shows the revenue by geography for the three and nine months ended September 30, 2021 and 2020, respectively (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Revenue: United States $ 16,383 $ 16,638 $ 51,518 $ 40,983 International 11,272 8,436 32,569 21,314 Total revenue $ 27,655 $ 25,074 $ 84,087 $ 62,297 No country other than the United States accounted for more than 10% of the Company’s revenue for the three and nine months ended September 30, 2021 and 2020, respectively. The geographical revenue information is determined by the ship-to address of the products and the billing address of the customers of the services. The following table shows over time versus point-in-time revenue for the three and nine months ended September 30, 2021 and 2020, respectively (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Over time revenue $ 18,969 $ 13,858 $ 53,618 $ 34,530 Point-in-time revenue 8,686 11,216 30,469 27,767 Total $ 27,655 $ 25,074 $ 84,087 $ 62,297 Contract Balances —The timing of revenue recognition differs from the timing of invoicing to customers and this timing difference results in contract liabilities (deferred revenue) on the Company’s condensed consolidated balance sheets. The contract balances as of September 30, 2021 and December 31, 2020 were as follows (in thousands): September 30, December 31, Accounts receivable, net $ 7,793 $ 2,700 Unbilled accounts receivable $ 1,779 $ 1,224 Deferred revenue $ 9,113 $ 4,903 During the nine months ended September 30, 2021 and 2020, the Company recognized r evenue of $4.1 million and $1.9 million that was included in the deferred revenue balance at the beginning of the fiscal year, respectively. Contracted but unsatisfied performance obligations were $22.7 million at the end of September 30, 2021 and consisted of deferred revenue and backlog. The contracted but unsatisfied or partially unsatisfied performance obligations expected to be recognized over the next 12 months at the end of September 30, 2021 were $20.1 million, and the remaining thereafter.

Balance Sheet Components

Balance Sheet Components	9 Months Ended
	Sep. 30, 2021
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	BALANCE SHEET COMPONENTS Allowance for Doubtful Accounts —Allowance for doubtful accounts as of September 30, 2021 and 2020 and the rollforward for three and nine months ended September 30, 2021 and 2020 were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance—beginning of period $ (32) $ (566) $ (799) $ (337) Increase in reserves (309) (340) (460) (581) Write-offs 159 — 1,077 12 Balance—end of period $ (182) $ (906) $ (182) $ (906) Inventories —Inventories as of September 30, 2021 and December 31, 2020, consisted of the following (in thousands): September 30, December 31, Finished Goods $ 1,026 $ 538 Work in process 1,480 2,219 Purchased parts and raw materials 1,483 889 Total inventories $ 3,989 $ 3,646 Property and Equipment, Net —Property and equipment as of September 30, 2021 and December 31, 2020, consisted of the following (in thousands): September 30, December 31, Machinery and equipment $ 1,945 $ 1,435 Furniture and fixtures 354 359 Leasehold improvements 728 733 Capitalized software and development costs 24,902 18,126 Total property and equipment 27,929 20,653 Accumulated depreciation and amortization (16,552) (12,443) Total property and equipment, net $ 11,377 $ 8,210 Depreciation and amortization expenses were $1.5 million and $1.2 million for three months ended September 30, 2021 and 2020, respectively, and $4.1 million and $3.5 million for the nine months ended September 30, 2021 and 2020, respectively. Additions to capitalized software and development costs, inclusive of stock-based compensation in the three months ended September 30, 2021 and 2020 was $3.3 million and $1.2 million, respectively. Additions to capitalized software and development costs, inclusive of stock-based compensation in the nine months ended September 30, 2021 and 2020, was $6.7 million and $3.7 million, respectively. These are recorded as part of property and equipment, net on the condensed consolidated balance sheets. Amortization expense was $1.4 million and $1.1 million for three months ended September 30, 2021 and 2020, respectively, of which $1.2 million and $1.0 million was recorded to costs of revenue related to subscription and $0.2 million and $0.1 million to selling, general and administrative in the condensed consolidated statements of operations and comprehensive income (loss), respectively. Amortization expense was $3.8 million and $3.3 million for nine months ended September 30, 2021 and 2020, respectively, of which $3.3 million and $2.9 million was recorded to costs of revenue related to subscription and $0.5 million and $0.4 million to selling, general and administrative in the condensed consolidated statements of operations and comprehensive income (loss), respectively. Accrued Expenses and Other Current Liabilities —Accrued expenses and other current liabilities as of September 30, 2021 and December 31, 2020, consisted of the following (in thousands): September 30, December 31, Accrued compensation $ 2,503 $ 3,208 Tax payable 945 1,164 Transaction cost payable 200 135 Other current liabilities 5,133 2,488 Total accrued expenses and other current liabilities $ 8,781 $ 6,995

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS We categorize assets and liabilities recorded or disclosed at fair value on our condensed consolidated balance sheets based upon the level of judgment associated with inputs used to measure their fair value. The categories are as follows: Level 1 —Inputs are unadjusted quoted prices for identical assets or liabilities in active markets. Level 2 —Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 —Inputs to the valuation methodology are unobservable and significant to the fair value measurement. The inputs require significant management judgment or estimation. The Company’s financial assets and liabilities that were measured at fair value on a recurring basis were as follows (in thousands): September 30, 2021 Level 1 Level 2 Level 3 Total Financial Assets: Cash equivalents: Money market funds $ 138,730 $ — $ — $ 138,730 Total cash equivalents $ 138,730 $ — $ — $ 138,730 Short-term investments: Corporate debt securities — 44,274 — 44,274 Commercial paper — 129,894 — 129,894 Total short-term investments $ — $ 174,168 $ — $ 174,168 Long-term investments: U.S. government and agency securities $ 180,988 $ — $ — $ 180,988 Non-U.S. government and agency securities — 24,483 — 24,483 Corporate debt securities — 85,429 — 85,429 Total long-term investments $ 180,988 $ 109,912 $ — $ 290,900 Other assets: Convertible notes receivable $ — $ — $ 1,095 $ 1,095 Total other assets: $ — $ — $ 1,095 $ 1,095 Total assets measured at fair value $ 319,718 $ 284,080 $ 1,095 $ 604,893 Financial Liabilities: Public warrants liability $ 53,682 $ — $ — $ 53,682 Private warrants liability — 34,621 — 34,621 Contingent earn-out liability — 334,389 334,389 Total liabilities measured at fair value $ 53,682 $ 34,621 $ 334,389 $ 422,692 December 31, 2020 Level 1 Level 2 Level 3 Total Financial Assets: Cash equivalents: Money market funds $ 43,116 $ — $ — $ 43,116 Total cash equivalents $ 43,116 $ — $ — $ 43,116 Total assets measured at fair value $ 43,116 $ — $ — $ 43,116 Available-for-sale Debt Securities The following tables summarize the amortized cost, unrealized gains and losses, and fair value of our available-for-sale debt securities as of September 30, 2021 and December 31, 2020 (in thousands): September 30, 2021 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Investments: U.S. government and agency securities $ 181,104 $ — $ (116) $ 180,988 Non-U.S. government and agency securities 24,490 — (6) 24,484 Corporate debt securities 129,775 — (72) 129,703 Commercial paper 129,888 5 — 129,893 Convertible notes receivable 1,000 95 — 1,095 Total available-for-sale investments $ 466,257 $ 100 $ (194) $ 466,163 Unrealized losses related to these securities are due to interest rate fluctuations as opposed to credit quality. In addition, we do not intend to sell and it is not likely that we would be required to sell these securities before recovery of their amortized cost basis, which may be at maturity. As a result, there were no other-than-temporary impairments recorded for these securities at September 30, 2021. In January 2021, Legacy Matterport entered a convertible note agreement with a privately held company as a strategic investment for a principal of $1.0 million. The note bears an interest rate of 5.0% per annum and matures in January 2023. The convertible note receivable is accounted for as available-for-sale debt securities in other assets based on “Level 3” inputs, which consist of unobservable inputs and reflect management’s estimates of assumptions that market participants would use in pricing the asset, with unrealized holding gains and losses excluded from earnings and reported in other comprehensive income (loss). The fair value of the convertible note receivable was determined using a probability-weighted assessment of redemption and conversion scenarios upon the investee closing additional financing. The key inputs to determining fair values under that approach included probability of repayment and conversion scenarios, and discount rates. As of September 30, 2021, the Company applied a probability of 80% and 20% to the conversion and repayment scenario, respectively and a discount rate of 15.67% in the valuation. The following table summarizes the amortized cost and fair value of our available-for-sale debt securities as of September 30, 2021, by contractual years-to-maturity (in thousands): Amortized Cost Fair Value Due within one year $ 174,176 $ 174,167 Due between one and three years 292,081 291,996 Total $ 466,257 $ 466,163

Debt

Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	DEBT The Company’s short-term and long-term debt is secured by substantially all the assets of the Company and subject the Company to certain affirmative and negative covenants. Failure to comply with these covenants could result in an event of default, which may lead to an acceleration of the amounts owed and other remedies. 2015 Term Loan and Line of Credit — On May 20, 2015, the Company entered into a Loan and Security Agreement with a lender (the “2015 Agreement”) to borrow a term loan up to $4.0 million (“2015 Term Loan”). The Company borrowed the full $4.0 million term loan on September 23, 2016. The term loan matured on September 30, 2019. The Company was required to make 36 equal installment payments of principal starting October 2016 through September 2019. The term loan bore interest at a floating per annum rate equal to 1.0% above the prime rate published by Wall Street Journal (the “Prime Rate”). Interest was payable monthly. The Company repaid the 2015 Term Loan by September 2019. The agreement also allowed the Company to borrow under financing of eligible accounts, for up to $1.0 million (“2015 Account Financing”). The Company did not borrow any amount under the 2015 Account Financing. On May 22, 2017, the Company amended and restated the 2015 Agreement with the lender (the “2015 Amended and Restated Agreement”) for an additional revolving line of credit up to $2.0 million. The line of credit bore interest at a floating per annum rate equal to 0.5% above the Prime Rate. The line of credit matured on May 22, 2019. On October 26, 2017, the Company amended the 2015 Amended and Restated Agreement with the lender (the “2017 Amendment”) for an additional term loan up to $1.5 million (“2017 Term Loan”). The Company borrowed the full $1.5 million on November 3, 2017. The Company was required to make monthly interest-only payments starting December 2017 and 36 equal installment payments of principal starting October 2018 through September 2021. The term loan bore interest at a floating per annum rate equal to the greater of (a) 1.0% above the Prime Rate; and (b) 5.25%. Interest was payable monthly. On September 16, 2019, the Company amended and restated the 2015 Amended and Restated Agreement and the 2017 Amendment with the lender (the “2017 Second Amended and Restated Agreement”). The agreement provided the Company with a term loan up to $3.0 million (“2019 Term Loan”). The loan must be first used to repay the prior term loan and accrued interest. The Company borrowed the full $3.0 million on September 16, 2019, and $1.0 million of the amount was used to repay in full the outstanding principal and interest under the 2017 Term Loan. The term loan matures on May 1, 2023. The Company was required to make 36 equal installments payments of principal, plus monthly payment of accrued interest starting in June 2020 through May 2023. The term loan bears interest at a floating per annum rate equal to the greater of (a) 1.0% above the Prime Rate and (b) 5.25%. The amendment also provided the Company with a revolving line of credit up to $3.0 million due in September 2020. The Company borrowed $3.0 million under the line of credit on September 27, 2019. The principal amount outstanding under the revolving line of credit bears interest at a floating per annum rate equal to the greater of (a) 0.5% above the Prime Rate and (b) 5.25%. Interest is payable monthly. The restructuring of the term loan was accounted for as an extinguishment. The loss on extinguishment was not material. On April 28, 2020, the Company amended the 2017 Second Amended and Restated Agreement with the lender (the “2020 Amendment”) to increase the limit of the revolving line of credit from $3.0 million to $5.0 million and extend the maturity date of the revolving line to December 15, 2020. On December 22, 2020, the Company amended and extended the line of credit maturity date from December 15, 2020, through December 14, 2021. The interest rates for the term loan and the revolving line of credit were 5.25%. In July 2021, the Company repaid in full the Line of Credit of $3.0 million. For the three months ended September 30, 2021 and 2020, the Company recorded less than $0.1 million and $0.1 million of interest expense under the 2019 Term Loan and the Line of Credit. For nine months ended September 30, 2021 and 2020, the Company recorded $0.2 million of interest expenses under the 2019 Term Loan and the Line of Credit. The Company repaid $1.9 million and $2.4 million of principal outstanding under the 2019 Term Loan during the three and nine months ended September 30, 2021. The 2015 Term Loan was fully repaid as of September 30, 2021. 2018 Term Loan — On April 20, 2018, the Company entered into a $10.0 million term loan agreement (the “2018 Agreement”) with a lender maturing on May 1, 2022. The loan was repayable in 48 monthly scheduled installments commencing on May 1, 2018. The Company was required to make interest-only payments for the first 12 months starting May 2018 and thereafter to make 36 equal installment payments through the maturity date of the loan. The interest rate was fixed at 11.5% per annum. The Company accreted the final payment liability up to the redemption amount as part of the 2018 Agreement term loan balance and recognized interest expense over the term of the loan. The Company incurred certain debt issuance costs in connection with the above loan agreements. Such cost was capitalized against the loan proceeds. The Company also issued warrants to purchase common stock in conjunction with the above loan agreements. The Company determined the fair value of the warrants using the Black-Scholes option-pricing model, which was recorded to additional paid-in capital and an adjustment against the loan proceeds. The debt issuance cost was capitalized and amortized as interest expense over the initial term of the agreement. For the three months ended September 30, 2021 and 2020, the Company recorded $0.1 million and $0.2 million of interest expense, respectively, and repaid $3.9 million and $0.8 million of principal outstanding under the 2018 Agreement, respectively. For the nine months ended September 30, 2021 and 2020, the Company recorded $0.3 million and $0.6 million of interest expense, respectively, and repaid $5.6 million and $2.4 million of principal outstanding under the 2018 Agreement, respectively. The amount repaid in the three and nine months ended September 30, 2021 included a $0.5 million required final payment fee pursuant to the 2018 Agreement and $0.1 million prepayment fee as the Company fully repaid the 2018 Term Loan in July 2021. The Company recorded $0.1 million loss on the extinguishment for the three months ended September 30, 2021. 2020 Term Loan — On February 20, 2020, the Company entered into a $2.0 million term loan agreement (“2020 Term Loan”) with a lender. The loan was provided under two facilities: facility A was comprised of $1.0 million maturing in 36 months, and facility B was comprised of $1.0 million maturing in 30 months. On April 17, 2020, the Company borrowed $1.0 million from facility A, and on October 12, 2020 the Company borrowed the full $1.0 million from facility B. In addition to the principal payment, both loan facilities require a fixed monthly coupon payment. The aggregated annual coupon payment was $0.1 million. The principal was payable in 24 equal installments commencing on May 31, 2021 through April 30, 2023. The interest rate was fixed at 4.75% per annum. The Company incurred certain debt issuance costs in connection with the above loan agreements. Such cost was capitalized against the loan proceeds. The Company also issued warrants to purchase common stock in conjunction with the above loan agreements. The Company determined the fair value of the warrants using the Black-Scholes option-pricing model, which is recorded to additional paid-in capital and an adjustment against the loan proceeds. The debt issuance costs were amortized as additional interest expense over the term of the agreement. For the three months ended September 30, 2021 and 2020, the Company recorded less than $0.1 million of interest expense, respectively. For the nine months ended September 30, 2021 and 2020, the Company recorded $0.2 million and less than $0.1 million of interest expense, respectively. The Co mpany started repayment of principal in May 2021 and repaid $1.8 million and $2.0 million of principal outstanding during the three and nine months ended September 30, 2021. The Company fully repaid 2020 Term Loan and recorded $0.1 million loss on the 2018 Term Loan extinguishment for the three months ended September 30, 2021. 2020 Note —In April 2020, the Company entered into a Paycheck Protection Program Note (“PPP Note”) for $4.3 million pursuant to the PPP under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act administered by the U.S. Small Business Administration (“SBA”). The term of the PPP Note was two years with a maturity date in April 2022 and contained a fixed annual interest rate of 1.0%. Principal and interest were payable monthly and could be prepaid by the Company at any time prior to maturity with no prepayment penalties. The Company repaid in full the PPP Note in May 2020. The Company recorded less than $0.1 million of interest expense for the three months ended September 30, 2020. The Company fully repaid all the above debt as of September 30, 2021. Debt obligations as of December 31, 2020, consisted of the following (in thousands): December 31, Line of credit $ 3,000 2019 term loan 2,417 2018 term loan 5,650 2020 term loan 2,000 Total debt $ 13,067 Less: unamortized debt discount (350) Total debt, net of debt discount 12,717 Less: Current portion of long-term debt (8,215) Long-term debt $ 4,502 The Company issued convertible notes between January 2020 and March 2020 to various investors amounting to $8.5 million (“2020 Notes”). The convertible notes carry an interest rate of 5.0% per annum. The notes mature in January 2022 and cannot be prepaid without written consent. As per the terms of the convertible note agreement, if a qualified financing, defined as a transaction or series of transactions by which the Company sells redeemable convertible preferred stock for aggregate gross proceeds of at least $10.0 million, occurs prior to the payment of the notes, then the notes plus accrued and unpaid interest shall automatically convert into shares of redeemable convertible preferred stock at a price paid by the other purchasers of the redeemable convertible preferred stock sold in the qualified financing discounted by 10.0% if converted prior to January 2021, and on or after January 2021 by 15.0%. If no qualified financing occurs on or prior to the maturity date, then the outstanding principal amount of these convertible notes and all accrued and unpaid interest shall be converted into Series D redeemable convertible preferred stock at a conversion price of $2.0181 per share. During April and June 2020, the Company completed the Series D redeemable convertible preferred stock financing and subsequently issued 21,708,519 shares of Series D redeemable convertible preferred stock at $2.0181 per share for total cash proceeds of $43.8 million. Accordingly, as this meets the qualified financing requirement, all of the convertible notes, including unpaid accrued interest of $8.6 million converted into 4,728,975 shares of Series D redeemable convertible preferred stock at $1.8163 per share in April 2020. The combined aggregate amount of the proceeds from the Series D redeemable convertible preferred stock financing and the converted notes was $52.4 million. The 2020 Notes contain an embedded derivative. The fair value of the derivative was recorded as a liability with an offsetting amount recorded as a debt discount, and the debt discount is recorded against the carrying amount of the related convertible notes outstanding. The amortization of the debt discount was recorded as interest expense. The embedded derivative liability was re-valued to the current fair value at the end of each reporting period using the income-based approach. Upon conversion, the embedded derivative liability was re-valued at the conversion, and then the related fair value amount was recorded to other (expense) income in the consolidated statements of operations and comprehensive income (loss) as part of loss on debt extinguishment. The fair value of the embedded derivative upon issuance was $1.0 million and was adjusted to $0.9 million upon conversion in April 2020. Interest expense was accreted on the convertible notes between issuance and conversion. Interest expense on the convertible notes that are included in interest expense are nil and $0.1 million for the three and nine months ended September 30, 2020 .

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Lease and Purchase Obligation —The Company leases offices under operating leases for its U.S. headquarters and international locations that expire at various dates through 2025. Under the lease agreements that contain escalating rent provisions, lease expense is recorded on a straight-line basis over the lease term. Rent expense for the three months ended September 30, 2021 and 2020 was $0.4 million and $0.6 million, respectively. Rent expense for the nine months ended September 30, 2021 and 2020, was $1.3 million and $1.9 million, respectively. In addition, the Company has purchase obligations, which includes agreements and issued purchase orders containing non-cancelable payment terms to purchase goods and services. As of September 30, 2021, future minimum operating lease payments and purchase obligations are as follows (in thousands): Operating Purchase Total Lease Remainder of 2021 $ 318 $ 8,313 $ 8,631 2022 1,301 5,221 6,522 2023 1,339 165 1,504 2024 1,306 153 1,459 2025 207 — 207 Total $ 4,471 $ 13,852 $ 18,323 Litigation —The Company is named from time to time as a party to lawsuits and other types of legal proceedings and claims in the normal course of business. The Company accrues for contingencies when it believes that a loss is probable and that it can reasonably estimate the amount of any such loss and the Company has made an assessment of the probability of incurring any such losses and whether or not those losses are estimable. As of September 30, 2021 and December 31, 2020, there were no amounts accrued that the Company believes would be material to its financial position. Indemnification —In the ordinary course of business, the Company enters into certain agreements that provided for indemnification by the Company of varying scope and terms to customers, vendors, directors, officers, employees and other parties with respect to certain matters. Indemnification includes losses from breach of such agreements, services provided by the Company, or third-party intellectual property infringement claims. These indemnities may survive termination of the underlying agreement and the maximum potential amount of future indemnification payments, in some circumstances, are not subject to a cap. As of September 30, 2021, there were no known events or circumstances that have resulted in a material indemnification liability.

Convertible Notes

Convertible Notes	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Convertible Notes	DEBT The Company’s short-term and long-term debt is secured by substantially all the assets of the Company and subject the Company to certain affirmative and negative covenants. Failure to comply with these covenants could result in an event of default, which may lead to an acceleration of the amounts owed and other remedies. 2015 Term Loan and Line of Credit — On May 20, 2015, the Company entered into a Loan and Security Agreement with a lender (the “2015 Agreement”) to borrow a term loan up to $4.0 million (“2015 Term Loan”). The Company borrowed the full $4.0 million term loan on September 23, 2016. The term loan matured on September 30, 2019. The Company was required to make 36 equal installment payments of principal starting October 2016 through September 2019. The term loan bore interest at a floating per annum rate equal to 1.0% above the prime rate published by Wall Street Journal (the “Prime Rate”). Interest was payable monthly. The Company repaid the 2015 Term Loan by September 2019. The agreement also allowed the Company to borrow under financing of eligible accounts, for up to $1.0 million (“2015 Account Financing”). The Company did not borrow any amount under the 2015 Account Financing. On May 22, 2017, the Company amended and restated the 2015 Agreement with the lender (the “2015 Amended and Restated Agreement”) for an additional revolving line of credit up to $2.0 million. The line of credit bore interest at a floating per annum rate equal to 0.5% above the Prime Rate. The line of credit matured on May 22, 2019. On October 26, 2017, the Company amended the 2015 Amended and Restated Agreement with the lender (the “2017 Amendment”) for an additional term loan up to $1.5 million (“2017 Term Loan”). The Company borrowed the full $1.5 million on November 3, 2017. The Company was required to make monthly interest-only payments starting December 2017 and 36 equal installment payments of principal starting October 2018 through September 2021. The term loan bore interest at a floating per annum rate equal to the greater of (a) 1.0% above the Prime Rate; and (b) 5.25%. Interest was payable monthly. On September 16, 2019, the Company amended and restated the 2015 Amended and Restated Agreement and the 2017 Amendment with the lender (the “2017 Second Amended and Restated Agreement”). The agreement provided the Company with a term loan up to $3.0 million (“2019 Term Loan”). The loan must be first used to repay the prior term loan and accrued interest. The Company borrowed the full $3.0 million on September 16, 2019, and $1.0 million of the amount was used to repay in full the outstanding principal and interest under the 2017 Term Loan. The term loan matures on May 1, 2023. The Company was required to make 36 equal installments payments of principal, plus monthly payment of accrued interest starting in June 2020 through May 2023. The term loan bears interest at a floating per annum rate equal to the greater of (a) 1.0% above the Prime Rate and (b) 5.25%. The amendment also provided the Company with a revolving line of credit up to $3.0 million due in September 2020. The Company borrowed $3.0 million under the line of credit on September 27, 2019. The principal amount outstanding under the revolving line of credit bears interest at a floating per annum rate equal to the greater of (a) 0.5% above the Prime Rate and (b) 5.25%. Interest is payable monthly. The restructuring of the term loan was accounted for as an extinguishment. The loss on extinguishment was not material. On April 28, 2020, the Company amended the 2017 Second Amended and Restated Agreement with the lender (the “2020 Amendment”) to increase the limit of the revolving line of credit from $3.0 million to $5.0 million and extend the maturity date of the revolving line to December 15, 2020. On December 22, 2020, the Company amended and extended the line of credit maturity date from December 15, 2020, through December 14, 2021. The interest rates for the term loan and the revolving line of credit were 5.25%. In July 2021, the Company repaid in full the Line of Credit of $3.0 million. For the three months ended September 30, 2021 and 2020, the Company recorded less than $0.1 million and $0.1 million of interest expense under the 2019 Term Loan and the Line of Credit. For nine months ended September 30, 2021 and 2020, the Company recorded $0.2 million of interest expenses under the 2019 Term Loan and the Line of Credit. The Company repaid $1.9 million and $2.4 million of principal outstanding under the 2019 Term Loan during the three and nine months ended September 30, 2021. The 2015 Term Loan was fully repaid as of September 30, 2021. 2018 Term Loan — On April 20, 2018, the Company entered into a $10.0 million term loan agreement (the “2018 Agreement”) with a lender maturing on May 1, 2022. The loan was repayable in 48 monthly scheduled installments commencing on May 1, 2018. The Company was required to make interest-only payments for the first 12 months starting May 2018 and thereafter to make 36 equal installment payments through the maturity date of the loan. The interest rate was fixed at 11.5% per annum. The Company accreted the final payment liability up to the redemption amount as part of the 2018 Agreement term loan balance and recognized interest expense over the term of the loan. The Company incurred certain debt issuance costs in connection with the above loan agreements. Such cost was capitalized against the loan proceeds. The Company also issued warrants to purchase common stock in conjunction with the above loan agreements. The Company determined the fair value of the warrants using the Black-Scholes option-pricing model, which was recorded to additional paid-in capital and an adjustment against the loan proceeds. The debt issuance cost was capitalized and amortized as interest expense over the initial term of the agreement. For the three months ended September 30, 2021 and 2020, the Company recorded $0.1 million and $0.2 million of interest expense, respectively, and repaid $3.9 million and $0.8 million of principal outstanding under the 2018 Agreement, respectively. For the nine months ended September 30, 2021 and 2020, the Company recorded $0.3 million and $0.6 million of interest expense, respectively, and repaid $5.6 million and $2.4 million of principal outstanding under the 2018 Agreement, respectively. The amount repaid in the three and nine months ended September 30, 2021 included a $0.5 million required final payment fee pursuant to the 2018 Agreement and $0.1 million prepayment fee as the Company fully repaid the 2018 Term Loan in July 2021. The Company recorded $0.1 million loss on the extinguishment for the three months ended September 30, 2021. 2020 Term Loan — On February 20, 2020, the Company entered into a $2.0 million term loan agreement (“2020 Term Loan”) with a lender. The loan was provided under two facilities: facility A was comprised of $1.0 million maturing in 36 months, and facility B was comprised of $1.0 million maturing in 30 months. On April 17, 2020, the Company borrowed $1.0 million from facility A, and on October 12, 2020 the Company borrowed the full $1.0 million from facility B. In addition to the principal payment, both loan facilities require a fixed monthly coupon payment. The aggregated annual coupon payment was $0.1 million. The principal was payable in 24 equal installments commencing on May 31, 2021 through April 30, 2023. The interest rate was fixed at 4.75% per annum. The Company incurred certain debt issuance costs in connection with the above loan agreements. Such cost was capitalized against the loan proceeds. The Company also issued warrants to purchase common stock in conjunction with the above loan agreements. The Company determined the fair value of the warrants using the Black-Scholes option-pricing model, which is recorded to additional paid-in capital and an adjustment against the loan proceeds. The debt issuance costs were amortized as additional interest expense over the term of the agreement. For the three months ended September 30, 2021 and 2020, the Company recorded less than $0.1 million of interest expense, respectively. For the nine months ended September 30, 2021 and 2020, the Company recorded $0.2 million and less than $0.1 million of interest expense, respectively. The Co mpany started repayment of principal in May 2021 and repaid $1.8 million and $2.0 million of principal outstanding during the three and nine months ended September 30, 2021. The Company fully repaid 2020 Term Loan and recorded $0.1 million loss on the 2018 Term Loan extinguishment for the three months ended September 30, 2021. 2020 Note —In April 2020, the Company entered into a Paycheck Protection Program Note (“PPP Note”) for $4.3 million pursuant to the PPP under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act administered by the U.S. Small Business Administration (“SBA”). The term of the PPP Note was two years with a maturity date in April 2022 and contained a fixed annual interest rate of 1.0%. Principal and interest were payable monthly and could be prepaid by the Company at any time prior to maturity with no prepayment penalties. The Company repaid in full the PPP Note in May 2020. The Company recorded less than $0.1 million of interest expense for the three months ended September 30, 2020. The Company fully repaid all the above debt as of September 30, 2021. Debt obligations as of December 31, 2020, consisted of the following (in thousands): December 31, Line of credit $ 3,000 2019 term loan 2,417 2018 term loan 5,650 2020 term loan 2,000 Total debt $ 13,067 Less: unamortized debt discount (350) Total debt, net of debt discount 12,717 Less: Current portion of long-term debt (8,215) Long-term debt $ 4,502 The Company issued convertible notes between January 2020 and March 2020 to various investors amounting to $8.5 million (“2020 Notes”). The convertible notes carry an interest rate of 5.0% per annum. The notes mature in January 2022 and cannot be prepaid without written consent. As per the terms of the convertible note agreement, if a qualified financing, defined as a transaction or series of transactions by which the Company sells redeemable convertible preferred stock for aggregate gross proceeds of at least $10.0 million, occurs prior to the payment of the notes, then the notes plus accrued and unpaid interest shall automatically convert into shares of redeemable convertible preferred stock at a price paid by the other purchasers of the redeemable convertible preferred stock sold in the qualified financing discounted by 10.0% if converted prior to January 2021, and on or after January 2021 by 15.0%. If no qualified financing occurs on or prior to the maturity date, then the outstanding principal amount of these convertible notes and all accrued and unpaid interest shall be converted into Series D redeemable convertible preferred stock at a conversion price of $2.0181 per share. During April and June 2020, the Company completed the Series D redeemable convertible preferred stock financing and subsequently issued 21,708,519 shares of Series D redeemable convertible preferred stock at $2.0181 per share for total cash proceeds of $43.8 million. Accordingly, as this meets the qualified financing requirement, all of the convertible notes, including unpaid accrued interest of $8.6 million converted into 4,728,975 shares of Series D redeemable convertible preferred stock at $1.8163 per share in April 2020. The combined aggregate amount of the proceeds from the Series D redeemable convertible preferred stock financing and the converted notes was $52.4 million. The 2020 Notes contain an embedded derivative. The fair value of the derivative was recorded as a liability with an offsetting amount recorded as a debt discount, and the debt discount is recorded against the carrying amount of the related convertible notes outstanding. The amortization of the debt discount was recorded as interest expense. The embedded derivative liability was re-valued to the current fair value at the end of each reporting period using the income-based approach. Upon conversion, the embedded derivative liability was re-valued at the conversion, and then the related fair value amount was recorded to other (expense) income in the consolidated statements of operations and comprehensive income (loss) as part of loss on debt extinguishment. The fair value of the embedded derivative upon issuance was $1.0 million and was adjusted to $0.9 million upon conversion in April 2020. Interest expense was accreted on the convertible notes between issuance and conversion. Interest expense on the convertible notes that are included in interest expense are nil and $0.1 million for the three and nine months ended September 30, 2020 .

Redeemable Convertible Preferre

Redeemable Convertible Preferred Stock	9 Months Ended
	Sep. 30, 2021
Temporary Equity Disclosure [Abstract]
Redeemable Convertible Preferred Stock	REDEEMABLE CONVERTIBLE PREFERRED STOCK Upon the Closing on July 22, 2021, all issued and outstanding shares of Legacy Matterport redeemable convertible preferred stock was cancelled and converted into the right to receive an aggregate 126,460,926 shares of Matterport Class A common stock. A total of $164.5 million redeemable convertible preferred stock was reclassified into common stock and additional paid-in capital on the condensed consolidated balance sheet. As of December 31, 2020, the Company’s redeemable convertible preferred stock consisted of the following (in thousands, except per share data): December 31, 2020 Convertible preferred stock: Original Shares Shares Shares of Common Stock if converted Carrying Aggregate Dividend Series Seed redeemable $ 0.3507 24,861 24,861 24,861 $ 7,350 $ 8,720 8.0 % Series A-1 redeemable $ 0.4261 7,570 7,570 7,570 3,165 3,226 8.0 % Series B redeemable $ 0.8194 19,527 19,527 20,957 15,905 16,000 8.0 % Series C redeemable $ 1.7194 30,730 30,727 30,727 52,696 52,832 8.0 % Series D redeemable $ 2.0181 42,717 42,294 42,294 85,052 $ 85,353 8.0 % 125,405 124,979 126,409 $ 164,168 $ 166,131

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY On July 22, 2021, the Company issued 72.5 million Matterport Class A common shares to public stockholders of Gores, Initial Stockholders of Class F Stock, and PIPE investors for an aggregate gross proceeds of $640.1 million. The Company paid $0.9 million to Gores’ stockholders who redeemed Gores’ Class A common stock immediately prior to the Closing. The Company and Gores incurred $10.0 million and $26.3 million transaction costs, respectively. The total transaction cost was $36.3 million, consisting of undewriting, legal and other professional fees, of which $35.7 million was recorded to additional paid-in capital as a reduction of proceeds and the remaining $0.6 million was expensed immediately. The Company has retroactively adjusted the shares issued and outstanding prior to July 22, 2021 to give effect to the exchange ratio established in the Merger Agreement to determine the number of shares of common stock into which they were converted. Immediately prior to the Closing, 232.7 million shares were authorized to issue at $0.001 par value. Immediately following the Closing, 670 million share were authorized to issue at $0.0001 par value, including 640 million shares of common stock and 30 million shares of preferred stock. There were 242.0 million shares of common stock outstanding with a par value of $0.0001 upon the Closing. The holder of each share of common stock is entitled to one vote. The Company had reserved shares of common stock for future issuance as of September 30, 2021 as follows (in thousands): September 30, Common stock reserved for Earn-out 23,460 Public and private warrants to purchase common stock 11,350 Common stock options outstanding and unvested RSUs under the Amended and Restated 2011 Stock Incentive Plan 46,861 Shares available for future grant under 2021 Employee Stock Purchase Plan 7,259 Shares available for future grant under 2021 Incentive Award Plan 24,196 Total shares of common stock reserved 113,126 Common Stock Warrants — The Company issued warrants to purchase common stock in connection with loan agreements entered from three lenders as disclosed below and in Note 7 “Debt”. Those warrants were considered equity at inception and were recorded to additional paid-in capital. The warrants have a contractual 10-year life from the issuance date. All previously issued common stock warrants were fully vested and exercisable as of December 31, 2020. In February 2021, the holders of all of the Company’s outstanding warrants entered into agreement with the Company to exercise their warrants contingent upon, and effective immediately prior to, the consummation of the First Merger. In the event of an acquisition in which the fair market value of one share is greater than the warrant exercise price as of the date of the acquisition, all outstanding and unexercised warrants shall automatically be deemed to be cashless exercised immediately prior to the consummation of the acquisition. In the event of an acquisition where the fair market value per share is less than the warrant exercise price in effect immediately prior to the acquisition, then warrants will expire immediately prior to the consummation of the acquisition. On July 22, 2021, all the common stock warrants were exercised. The Company issued 1.0 million shares of the Class A common stock to the holders of the common stock warrants upon the Closing. As of December 31, 2020, the unamortized debt discount related to the above warrants were $0.2 million. The company fully amortized the remaining debt discount associated with the above warrants of $0.2 million during the three months ended September 30, 2021 upon the full repayment of the debt as discussed Note 7 “Debt”. Accumulated Other Comprehensive Income The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax (in thousands) : Foreign Currency Translation, Net of Tax Unrealized Losses on Available-for-Sale Debt Securities, Net of Tax Total Balance at December 31, 2020 $ 135 $ — $ 135 Net unrealized loss (79) (94) (173) Balance at September 30, 2021 $ 56 $ (94) $ (38) Foreign Currency Translation, Net of Tax Unrealized Gains on Available-for-Sale Debt Securities, Net of Tax Total Balance at December 31, 2019 $ 36 $ — $ 36 Net unrealized loss (20) — (20) Balance at September 30, 2020 $ 16 $ — $— $ 16

Public and Private Warrants

Public and Private Warrants	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Public and Private Warrants	PUBLIC AND PRIVATE WARRANTS Prior to the Closing, GHVI issued 6,900,000 Public Warrants and 4,450,000 Private Warrants. Each whole warrant entitles the holder to purchase one share of the Company’s common stock at a price of $11.50 per share, subject to adjustments. The Warrants are exercisable on December 15, 2021 and will expire on July 22, 2026, which is five years after the Closing. Redemption of Public Warrants Once the Public Warrants become exercisable, the Company may redeem the outstanding warrants for cash, in whole and not in part, upon not less than of 30 days’ prior written notice of redemption (“Redemption Period”) at a price of $0.01 per warrant, if, and only if, the reported last sale price of the common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending three business day before we send the notice of redemption to the Public Warrant holders. If the Company calls the Public Warrants for redemption, the Company will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis”, as described in the warrant agreement. The warrants holders have the right to exercise their outstanding warrants prior to the scheduled redemption date during the Redemption Period at $11.50 per share. Commencing 90 days after the Public Warrants become exercisable, we may redeem the outstanding Public Warrants, in whole and not in part, for a price equal to a number of shares of the Company’s Class A common stock to be determined based on a predefined rate based on the redemption date and the “fair market value” of the Company’s Class A c ommon stock. The “fair market value” of our Class A c ommon stock shall mean the average last reported sale price of our common stock for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of Public Warrants upon a minimum of 30 days’ prior written notice of redemption to each warrant holder, if, and only if, the last reported sale price of our Class A c ommon stock equals or exceeds $10.00 per share on the trading day prior to the date on which we send the notice of redemption to the warrant holders. The Private Warrants have terms and provisions that are identical to those of the Warrants sold as part of the Units in the Public Offering, except that the Sponsor has agreed not to transfer, assign or sell any of the Private Warrants (except to certain permitted transferees) until 30 days after the completion of the Merger. Additionally, the Private Warrants are exercisable on a cashless basis and are non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private Warrants are held by someone other than the initial purchasers or their permitted transferees then such warrants will be redeemable by the Company and exercisable by the warrant holders on the same basis as the Public Warrants. The Company filed a Registration Statement on Form S-1 on August 19, 2021 related to the issuance of an aggregate of up to 11,350,000 shares of Class A common stock issuable upon the exercise of the Warrants, which was declared effective by the SEC on August 26, 2021. The following table summarizes the Public and Private Warrants activities during the three and nine months period ended September 30, 2021 (in thousands): Public Warrants Private Warrants Total Warrants Warrants assumed upon the Closing of the Merger 6,900 4,450 11,350 Warrants Exercised — — — Outstanding as of September 30, 2021 6,900 4,450 11,350 The Public Warrants were classified Level 1 measurement as the Public Warrants had adequate trading volume to provide a reliable indication of value since the Closing Date. The Private Warrants were classified as Level 2 since the Closing Date. Both the Public Warrants and the Private Warrants were valued at $7.78 as of September 30, 2021 . The fair value of the Private Warrants was deemed to be equal to the fair value of the Public Warrants because the Private Warrants have similar terms and are subject to substantially the same redemption features as the Public Warrants. The Warrants are measured at fair value on a recurring basis. The following table presents the changes in the fair value of warrant liabilities (in thousands): Public Warrants Private Warrants Total Warrant Liabilities Fair value at Closing date on July 22, 2021 $ 38,984 $ 25,143 $ 64,127 Change in fair value 14,698 9,478 24,176 Fair value at September 30, 2021 $ 53,682 $ 34,621 $ 88,303

Contingent Earn-out Awards

Contingent Earn-out Awards	9 Months Ended
	Sep. 30, 2021
Reverse Recapitalization [Abstract]
Contingent Earn-out Awards	CONTINGENT EARN-OUT AWARDS Legacy Matterport Stockholders and certain holders of Legacy Matterport Stock Options and RSUs are entitled to receive a number of Earn-out Shares comprising up to 23,460,000 shares of Class A common stock in the aggregate. There are six distinct tranches, and each tranche has 3,910,000 Earn-out shares. The Earn-out shares are issuable if the daily volume weighted average price (based on such trading day) of one share of common stock exceeds $13.00, $15.50, $18.00, $20.50, $23.00, and $25.50 for a period of at least 10 days out of 30 consecutive trading days during the period beginning on the 180th day following the Closing and ending on the fifth anniversary of such date (the “ Earn-out Period”). The Earn-out shares are subject to early release if a change of control that will result in the holders of the Company common stock receiving a per share price equal to or in excess of the price target as above (collectively, the “Earn-Out Triggering Events”). Any Earn-out Shares issuable to any holder of Matterport Stock Options and Matterport RSUs in respect of such Matterport Stock Options and Matterport RSUs shall be issued to such holder only if such holder continues to provide services to the Post-Combination Company through the date of the occurrence of the corresponding triggering event that causes such Earn-out Shares to become issuable. Any Earn-out Shares that are forfeited pursuant to the preceding sentence shall be reallocated to the other Legacy Matterport Stockholders and Legacy Matterport Stock Options and RSUs holders who remain entitled to receive Earn-out Shares in accordance with their respective Earn-out pro rata shares. The estimated fair value of the total Earn-out Shares was determined based on a Monte Carlo simulation valuation model using a distribution of potential outcomes on monthly basis over the Earn-out Period using the most reliable information available to be issued include events that are not solely indexed to the common stock of the Company. Assumptions used in the valuation are described below: As of September 30, 2021 July 22, 2021 Current stock price $ 18.91 $ 14.47 Expected term (in years) 5.3 5.5 Expected volatility 55.0 % 51.5 % Risk-free interest rate 1.1 % 0.8 % Expected dividend yield 0 % 0 % At the Closing, the estimated fair value of the total Earn-out Shares was $294.8 million. The contingent obligation to issue Earn-out Shares to Matterport legacy Stockholders was accounted for as a liability because the Earn-out Triggering Events that determine the number of Earn-out Shares required. The Earn-out pro rata Shares issuable to holders of Legacy Matterport’s RSUs and holders of Legacy Matterport’s Stock Options for such holders with respect to such holders’ Legacy RSUs and Options are accounted as stock-based compensation expense as they are subject to forfeiture based on the satisfaction of certain employment conditions, see Note 14. Stock Plan for more information. The Company recognized $231.6 million contingent earn-out liability attributable to the Earn-out Shares to Matterport legacy Stockholders upon the Closing on July 22, 2021. The following table sets forth a summary of the changes in the estimated fair value of the earn-out liabilities, which are measured at fair value on a recurring basis using significant unobservable inputs (in thousands): Fair Value Measurements Using Significant Unobservable Inputs Balance at December 31, 2020 $ — Contingent earn-out liability recognized upon the closing of the Reverse Recapitalization 231,627 Reallocation of Earn-out Shares to earn-out liability upon forfeitures 4,284 Change in fair value of earn-out liability 98,478 Balance at September 30, 2021 $ 334,389

Stock Plan

Stock Plan	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock Plan	STOCK PLAN Amended and Restated 2011 Stock Incentive Plan —On June 17, 2011, the Company’s Board and stockholders approved the Matterport, Inc. 2011 Stock Incentive Plan, (the “2011 Stock Plan”), which allows for the issuance of incentive stock options (“ISOs”), non-qualified stock options (“NSOs”), the issuance of restricted stock awards (“RSAs”), and the sale of stock to its employees, the Board, and consultants. As of December 31, 2020, the Company has granted primarily ISOs. The 2011 Stock Plan will expire in September 2021 (10 years from its adoption), unless terminated earlier. On February 12, 2021, the Company amended and restated 2011 Stock Plan which allows the Company to grant restricted stock units (“RSUs”) and extended the terms of the plan until February 12, 2022, unless terminated earlier. In connection with the Closing on July 22, 2021, as discussed in Note 3, the Company: • approved the 2021 Incentive Award Plan (“2021 Plan”), an incentive compensation plan for the benefit of eligible employees, consultants, and directors of the Company and its subsidiaries. The Company concurrently assumed the 2011 Plan and all outstanding awards thereunder, effective as of the Closing that further awards shall be granted under the 2021 Plan and the 2011 Plan shall be terminated. The 2021 Plan provides that the initial aggregate number of shares of common stock, available for issuance pursuant to awards thereunder shall be the sum of (a) 10% of the outstanding shares of common stock as of the Closing, which is equivalent to 24.2 million shares of Class A common stock (the “Initial Plan Reserve”), (b) any shares of Class A common stock subject to outstanding equity awards under the amended and restated 2011 Stock Plan which, following the effective date of the 2021 Plan, become available for issuance under the 2021 Plan and (c) an annual increase on the first day of each calendar year beginning on January 1, 2022 and ending on and including January 1, 2031 equal to a number of shares equal to 5% of the aggregate number of shares of Class A common stock outstanding on the final day of the immediately preceding calendar year. The maximum aggregate number of shares of common stock that may be issued under the 2021 Plan upon the exercise of ISOs, shall equal 181.5 million shares of Class A common stock. • approved the 2021 Employee Stock Purchase Plan (“2021 ESPP”). The 2021 ESPP provides that the aggregate number of shares of Class A common stock available for issuance pursuant to awards under the 2021 ESPP shall be the sum of (a) 3% of the number of outstanding shares of Class A common stock as of the Closing, which is equivalent to 7.3 million shares of Class A common stock (the “Initial ESPP Reserve”), and (b) an annual increase on the first day of each calendar year beginning on January 1, 2022 and ending on and including January 1, 2031 equal to the lesser of (i) 1% of the aggregate number of shares of Class A common stock outstanding on the last day of the immediately preceding fiscal year and (ii) such smaller number of shares of common stock as may be determined by the Company; provided, however, that the number of shares of common stock that may be issued or transferred pursuant to the rights granted under the 2021 ESPP shall not exceed 15.25% of the outstanding shares of Class A common stock as of the Closing, which is equivalent to 36.9 million shares. As of September 30, 2021 , 67.8 million shares were authorized under the 2011 Stock Plan. Shares forfeited due to employee termination or expiration are returned to the share pool. Similarly, shares withheld upon exercise to provide for the exercise price and/or taxes due and shares repurchased by the Company are also returned to the pool. Shares Available for Future Grant —The Company issues new shares upon a share option exercise or release. As of September 30, 2021, shares authorized and available for future grant under the Company’s 2021 Plan and 2021 ESPP a re 24.2 million shares and 7.3 million shares, respectively. No shares are available for future grant under the 2011 Plan due to the termination of 2011 Plan. Stock Option Activities —The following table summarizes the stock option activities under the Company’s stock plans for nine months ended September 30, 2021 (in thousands, except for per share data): Options Outstanding Number of Weighted- Weighted- Average Remaining Contractual Term (Years) Aggregate Balance—December 31, 2020 49,206 $ 0.62 8.1 $ 245,565 Expired or canceled (2,673) 0.70 Exercised (3,402) 0.50 $ 33,210 Balance—September 30, 2021 43,131 $ 0.63 7.1 $ 788,467 Options vested and exercisable—September 30, 2021 27,493 $ 0.56 6.6 $ 504,540 As of September 30, 2021, unrecognized stock-based compensation expense related to unvested options was $4.4 million, which is expected to be amortized over a weighted-average vesting period of 2.1 years. On April 1, 2021, the Company amended the performance condition of the 866,597 performance-based stock option (PSO) awards previously granted to a senior executive in March 2019. Originally, the PSO awards shall vest and become exercisable upon the consummation of the earlier of a change in control or an initial public offering (“IPO”), subject to certain share price targets. The vesting of the award also requires employment up to the consummation of the change in control or IPO. As a result of the modification, the PSO awards shall vest and become exercisable upon the closing of the Merger. Upon the closing as discussed in Note 13, the Company recognized $8.1 million stock-based compensation expenses related to the 866,597 performance-based options as they became fully vested and become exercisable. RSU and PRSU Activities —The following table summarizes the RSU activity under the Company’s stock plans for the nine months ended September 30, 2021 (in thousands, except per share data): RSUs and PRSUs Number of Weighted- Balance-December 31, 2020 — $ — Granted 4,070 9.55 Vested (28) 9.29 Canceled or forfeited (312) 9.20 Balance-September 30, 2021 3,730 $ 9.58 Share-based compensation expense for awards with only service conditions are recognized on a straight-line basis over the requisite service period of the related award. The PRSU awards have both service-based and performance-based vesting conditions. The service-based vesting condition for these awards is typically satisfied over four years with a cliff vesting period of one year and continued vesting quarterly thereafter. The performance-based vesting condition is satisfied upon the occurrence of a liquidity event, as defined in the Amended and Restated 2011 Stock Plan. The performance based vesting condition was deemed satisfied upon the Closing. The Company recognized $6.1 million stock-based compensation expenses on the Closing Day for the portion of these RSUs for which the service-based vesting condition had been satisfied as the performance condition of the RSUs is met. As of September 30, 2021, unrecognized compensation costs related to unvested RSUs and PRSUs were $3.6 million and $22.6 million, respectively. The remaining unrecognized compensation costs for RSUs and PRSUs are expected to be recognized over a weighted-average period of 3.8 years and 1.9 years, respectively, excluding additional share-based compensation expense related to any future grants of share-based awards. Earn-out Award Activities As discussed in Note 13 “ Contingent Earn-Out Liability” , the pro rata Earn-out Shares issuable to holders of Legacy Matterport’s RSUs and holders of Legacy Matterport’s Stock Options for such holders with respect to such holders’ Legacy RSUs and Options are expected to be accounted as stock-based compensation expense as they are subject both a market condition and a service condition to the eligible employees. The following table summarizes the Earn-out Award activity under the Earn-out Arrangement pursuant to the Merger Agreement during the nine months ended September 30, 2021 (in thousands, except for per share data): Earn-out Award Outstanding Number of Shares Weighted-Average Grant-Date Fair Value Price Per Share Balance - December 31, 2020 — $ — Granted 5,097 12.61 Forfeited (337) 12.57 Balance - September 30, 2021 4,760 $ 12.62 As of September 30, 2021, unrecognized compensation cost related to Earn-out Awards was $46.7 million and is expected to be recognized over a weighted-average period of 0.8 years. Employee Stock Options Valuation —The fair value of options on the date of grant is estimated based on the Black-Scholes option-pricing model using the single-option award approach. No options were granted during the nine months ended September 30, 2021 . The assumptions used to estimate the fair value of stock options granted during the nine months ended September 30, 2020 were as follows: Nine Months Ended 2020 Expected term 5.5 – 6.1 years Expected volatility 38.5 – 44.9% Risk-free interest rate 0.3 – 1.5% Expected dividend yield 0% Earn-out Awards Valuation — The assumptions used to estimate the fair value of Earn-out Awards granted during the three and nine months ended September 30, 2021 were as follows: Inception to 2021 Current stock price $13.93 – $19.11 Expected term 5.3 – 5.5 years Expected volatility 40.0% – 55.0% Risk-free interest rate 0.8% – 1.1% Expected dividend yield 0% Stock-based Compensation — The company recognizes share-based compensation expense for awards with only service conditions on a straight-line basis over the requisite service period of the related award and recognizes share-based compensation expenses for awards with performance conditions on a straight-line basis over the requisite service period for each separate vesting portion of the awards when it is probable that the performance condition will be achieved. The share-based compensation expenses of Earn-out awards are recognized on a straight-line basis over the derived services period during which the market conditions are expected to be met. Forfeitures are accounted for in the period in which they occur. The amount of stock-based compensation related to stock-based awards to employees in the Company’s condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2021 and 2020 were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Costs of revenue $ 978 $ 28 $ 1,040 $ 78 Research and development 6,695 164 6,929 485 Selling, general, and administrative 23,065 438 24,028 1,231 Stock-based compensation, net of amounts capitalized 30,738 630 31,997 1,794 Capitalized stock-based compensation 1,332 34 1,526 115 Total stock-based compensation $ 32,070 $ 664 $ 33,523 $ 1,909

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The income tax provision for interim periods is determined using an estimate of the Company’s annual effective tax rate as adjusted for discrete items arising in that quarter. Given the Company has a full valuation allowance recorded against its domestic net deferred tax assets and operating losses in the US, and its foreign subsidiaries are in operating profit, the Company has applied the exception to use a worldwide effective tax rate under ASC 740-270-30-36. The Company used the foreign jurisdiction’s statutory rate as an estimate for the annual effective tax rate (“AETR”). The quarterly tax provision, and estimate of the Company’s annual effective tax rate, is subject to variation due to several factors, including variability in pre-tax income (or loss), the mix of jurisdictions to which such income relates, changes in how we do business, and tax law developments. Tax expense for the three and nine months ended September 30, 2021 and 2020 was primarily attributable to pre-tax foreign earnings. The Company records deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, the Company considered all available positive and negative evidence and continued to conclude that as of September 30, 2021, it is not more likely than not that the Company will realize the benefits of its remaining net deferred tax assets and no valuation allowance should be released in the current period.

Net Income (Loss) Attributable

Net Income (Loss) Attributable to Common Stockholders	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Net Income (Loss) Attributable to Common Stockholders	NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERSAs a result of the Reverse Recapitalization, the Company has retroactively adjusted the weighted-average number of shares of common stock outstanding prior to the Closing Date by multiplying them by the exchange ratio of approximately 4.1193 used to determine the number of shares of common stock into which they converted. The common stock issued as a result of the redeemable convertible preferred stock conversion on the Closing Date was included in the basic net loss per share calculation on a prospective basis. Net income (loss) per share attributable to common stockholders was computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the three and nine months ended September 30, 2021 and 2020 (in thousands, except for per share data): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Numerator : Net income (loss) attributable to common stockholders $ (167,989) $ 906 $ (177,070) $ (10,892) Less: undistributed earnings attributable to participating securities — (906) — — Net income (loss) attributable to common stockholders, basic and diluted $ (167,989) $ — $ (177,070) $ (10,892) Denominator: Weighted average shares used in computing net income (loss) per share attributable to common stockholders, basic and diluted 196,478 32,552 93,061 32,334 Net income (loss) per share attributable to common stockholders, basic and diluted $ (0.86) $ — $ (1.90) $ (0.34) The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share attributable to common stockholders, basic and diluted, because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (shares in thousands): As of September 30, 2021 2020 Public warrants 6,900 — Private warrants 4,450 — Earn-out shares 23,460 — Redeemable convertible preferred stock, all series — 126,409 Warrants to purchase common stock — 1,081 Common stock options outstanding 43,131 52,859 Unvested RSUs 3,730 — Total potentially dilutive common stock equivalents 81,671 180,349

Related Party Disclosures

Related Party Disclosures	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related-Party Transactions	RELATED-PARTY TRANSACTIONSFrom January 2020 to March 2020, Matterport issued convertible promissory notes in an aggregate principal amount of $8.5 million (“2020 Notes”) to investors, including (i) $400,000 aggregate principal amount to DCM VI, L.P., an affiliate of Jason Krikorian, a member of the Matterport board of directors, (ii) $2.0 million aggregate principal amount to Lux Co-Invest Opportunities, L.P., an affiliate of Peter Hébert, a member of the Matterport board of directors, and (iii) $1,000,000 aggregate principal amount to QUALCOMM Ventures LLC, an affiliate of Carlos Kokron, a member of the Matterport board of directors. The 2020 Notes accrued interest at a rate of 5% per annum. Refer to Note 9. Convertible Notes.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2021
Retirement Benefits [Abstract]
Employee Benefit Plans	EMPLOYEE BENEFITS PLANSThe Company has a defined-contribution retirement and savings plan intended to qualify under Section 401 of the Internal Revenue Code (the “401(k) Plan”) covering substantially all US employees. The 401(k) Plan allows each participant to contribute up to an amount not to exceed an annual statutory maximum. The Company contracted with a third-party provider to act as a custodian and trustee and to process and maintain the records of participant data. Substantially all of the expenses incurred for administering the 401(k) Plan are paid by the Company. The company discontinued providing contributions in the 401(k) Plan match since May 1, 2020. For the nine months ended September 30, 2020, the company made $0.2 million of discretionary matching contribution. The Company contributes to a defined-contribution pension plan for eligible employees in the U.K. Pension plan benefits are based primarily on participants’ compensation and years of service credited as specified under the terms of the plan. The Company made $0.2 million and $0.1 million matching contributions to the U.K. pension plan for the nine months ended September 30, 2021

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission, (“SEC”), regarding interim financial reporting. Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes for the years ended December 31, 2020 and 2019 and the related notes included in the Company’s Registration Statement on Form S-1 filed with the SEC on August 19, 2021, which provides a more complete discussion of the Company’s accounting policies and certain other information. In the opinion of the Company, the accompanying unaudited condensed consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair statement of its financial position as of September 30, 2021, and its results of operations for the three and nine months ended September 30, 2021 and 2020, and cash flows for the nine months ended September 30, 2021 and 2020. The condensed consolidated balance sheet as of December 31, 2020, was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements.
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Reclassification	ReclassificationCertain prior-period amounts have been reclassified in the accompanying Condensed Consolidated Financial Statements and Notes thereto in order to conform to the current period presentation.
Use of Estimates	Use of Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts and disclosures in the condensed consolidated financial statements and accompanying notes. Significant estimates include assumptions related to the fair value of common stock and other assumptions used to measure stock-based compensation, valuation of deferred tax assets, the estimate of net realizable value of inventory, allowance for doubtful accounts, the fair value of common stock warrants, public and private warrants liability, and e arn-out shares, and the determination of stand-alone selling price (“SSP”) of various performance obligations. As of September 30, 2021, future impact of the COVID-19 pandemic on the Company’s operational and financial performance will depend on certain developments, including the duration and spread of the pandemic, impact on the Company’s subscribers and their spending habits, impact on the Company’s marketing efforts, and effect on the Company’s suppliers, all of which are uncertain and cannot be predicted with certainty. As a result, many of the Company’s estimates and assumptions required increased judgment and these estimates may change materially in future periods. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and various other factors, including the current economic environment and the impact of COVID-19, which management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company adjusts such estimates and assumptions when dictated by facts and circumstances. Changes in those estimates resulting from continuing changes in the economic environment will be reflected in the consolidated financial statements in future periods. Actual results may differ materially from those estimates.
Segment Information	Segment information The Company has a single operating segment and reportable segment. The Company’s chief operating decision-maker is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, and allocating resources. Refer to Note 4, for information regarding the Company’s revenue by geography. Substantially all of the Company’s long-lived assets are located in the United States.
Concentration of Credit Risk and Other Risks and Uncertainties	Concentration of Credit Risk and Other Risks and Uncertainties Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, investments, and accounts receivable. The Company maintains its cash balances in accounts held by major banks and financial institutions located in the United States. Such bank deposits from time to time may be exposed to credit risk in excess of the Federal Deposit Insurance Corporation insurance limit, and the Company considers such risk to be minimal. We invest only in high-quality credit instruments and maintain our cash and cash equivalents and available-for-sale investments in fixed income securities. Management believes that the financial institutions that hold our investments are financially sound and, accordingly, are subject to minimal credit risk. Deposits held with banks may exceed the amount of insurance provided on such deposits. The Company’s accounts receivable is derived from customers located both inside and outside the United States. The Company mitigates its credit risks by performing ongoing credit evaluations of the financial condition of its customers and requires advance payment from customers in certain circumstances. The Company generally does not require collateral from its customers.
Cash and Cash Equivalents and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash The Company considers all highly liquid investments purchased with an original maturity of 90 days or less to be cash equivalents. Cash and cash equivalents include cash on hand and amounts on deposit with financial institutions. Amounts receivable from credit card processors of approximately $0.6 million and $0.8 million as of September 30, 2021 and December 31, 2020, respectively, are also considered cash equivalents because they are both short-term and highly-liquid in nature and are typically converted to cash approximately three to five business days from the date of the underlying transaction.
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable consists of current trade receivables due from customers recorded at the invoiced amount, net of allowances for doubtful accounts.
Investment	Investment The Company classifies its investments in marketable and non-marketable securities as available-for-sale at the time of purchase based on the legal form of the security, the Company’s intended holding period for the security, and the nature of the transaction. Investments not considered cash equivalents and with maturities within one year or less from the condensed consolidated balance sheet date are classified as short-term investments. Investments with maturities greater than one year from the condensed consolidated balance sheet date are classified as long-term investments. Unrealized gains and losses on available-for-sale debt securities are excluded from net income (loss) and reported in accumulated other comprehensive income (loss) (“AOCI”) as a separate component of stockholders’ equity. Other income (expense), net, includes interest, amortization of purchase premiums and discounts, realized gains and losses on sales of securities and other-than-temporary declines in the fair value of securities, if any. The cost of securities sold is based on the specific identification method. We regularly review all of our investments for other-than-temporary declines in fair value. Our review includes the consideration of the cause of the impairment, including the creditworthiness of the security issuers,
Transaction costs	Transaction costs Transaction costs consist of direct legal, accounting and other fees relating to the consummation of the Merger. These costs were initially capitalized as incurred in other assets on the condensed consolidated balance sheets. Upon the Closing, transaction costs related to the issuance of shares were recognized in stockholders’ equity (deficit) while costs associated with the public and private warrants liabilities were expensed in the condensed consolidated statements of operations and comprehensive loss. As of December 31, 2020, $0.1 million of deferred transaction costs were included within other assets in the condensed consolidated balance sheet. The Company and Gores incurred $10.0 million and $26.3 million transaction costs, respectively. The total transaction cost was $36.3 million, consisting of underwriting, legal, and other professional fees, of which $35.7 million was recorded to additional paid-in capital as a reduction of proceeds and the remaining $0.6 million was expensed immediately upon the Closing.
Warrants Liability	Warrants Liability The Company assumed publicly-traded warrants (“Public Warrants”) and private warrants (“Private Warrants”) upon the Closing. The Company accounts for warrants for shares of the Company’s Class A common stock that are not indexed to its own stock as liabilities at fair value on the balance sheet. The warrants are subject to remeasurement at each balance sheet date and any change in fair value is recognized in the Company’s statement of operations. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as a liability at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations.
Earn-Out Arrangement	Earn-out Arrangement In connection with the Reverse Recapitalization and pursuant to the Merger Agreement, eligible Legacy Matterport stockholders and Legacy Matterport stock option and restricted share unit (“RSU”) holders are entitled to receive an aggregate of 23,460,000 shares of the Company’s Class A c ommon stock (“Earn-out Shares”) upon the Company achieving certain Earn-out Triggering Events during the Earn-out Period (as described in Note 11). In accordance with ASC 815-40, Earn-out Shares issuable to Legacy Matterport common stockholders in respect of such common stock are not solely indexed to the common stock and therefore are accounted for as contingent earn-out liability on the condensed consolidated balance sheet at the reverse recapitalization date and subsequently remeasured at each reporting date with changes in fair value recorded a component of other income (expense), net in the condensed consolidated statements of operations and comprehensive income (loss). Earn-out Shares issuable to certain holders of Legacy Matterport stock options and RSUs in respect of such stock options and RSUs (the “Earn-out Awards”) are subject to forfeiture and are accounted for in accordance with ASC 718. The Company measures and recognizes stock-compensation expense based on the fair value of the Earn-out Awards over the derived service period for each tranche. Forfeitures are accounted for as they occur. Upon the forfeiture of Earn-out Shares issuable to any eligible holder of Legacy Matterport stock options and RSUs, the forfeited Earn-out awards are subject to reallocation and grant on a pro rata basis to the remaining eligible Legacy Matterport stockholders and stock options and RSUs holders. The reallocated issuable shares to Legacy Matterport common stockholders are recognized as contingent earn-out liability, and the reallocated issuable shares to Legacy Matterport stock options and RSUs holders are recognized as share-based compensation over the remaining derived service period based on the fair value on the date of the reallocation. The estimated fair value of the Earn-out Shares is allocated proportionally to contingent earn-out liability and the grant date fair value of the Earn-out Awards. The estimated fair value of the Earn-out Shares is determined using a Monte Carlo simulation prioritizing the most reliable information available. The assumptions utilized in the calculation are based on the achievement of certain stock price milestones, including the current Company common stock price, expected volatility, risk-free rate, expected term and dividend rate. The contingent earn-out liability is categorized as a Level 3 fair value measurement because the Company estimates projections during the Earn-out Period utilizing unobservable inputs. See Note 6 “Fair Value Measurement” and Note 13 “Contingent Earn-Out Liability” for additional information. If the applicable earn-out triggering event is achieved for a tranche, the Company will account for the Earn-out Shares for such tranche as issued and outstanding common stock. As of September 30, 2021 , the earn-out triggering events have not yet been achieved, the Earn-out Shares are contingently issuable and not reflected in the condensed consolidated financial statements.
Fair Value Measurement	Fair Value MeasurementThe Company applied fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. We define fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities which are required to be recorded at fair value, the Company considers the principal or most advantageous market in which we would transact and the market-based risk measurements or assumptions that market participants would use in pricing the asset or liability, such as risks inherent in valuation techniques, transfer restrictions and credit risks.
Advertising Costs	Advertising CostsAdvertising costs are expensed as incurred and included in selling, general, and administrative in the condensed consolidated statements of operations and comprehensive income (loss).
Comprehensive Income (loss)	Comprehensive Income (loss) Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) reflects gains and losses that are recorded as a component of stockholders’ equity (deficit) and are excluded from net income (loss). Other comprehensive income (loss) consists of foreign currency translation adjustments related to consolidation of foreign entities and unrealized gain (loss) on marketable securities classified as available-for-sale.
Accounting Pronouncements	Accounting Pronouncements The Company is provided the option to adopt new or revised accounting guidance as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 either (1) within the same periods as those otherwise applicable to public business entities or (2) within the same time periods as nonpublic business entities, including early adoption when permissible. With the exception of standards the Company elected to early adopt, when permissible, the Company has elected to adopt new or revised accounting guidance within the same time period as non-public business entities, as indicated below. As a result, the Company’s financial statements may not be comparable to companies that comply with public company effective dates because of this election. Recently Adopted Accounting Standards In August 2018, the FASB issued ASU No. 2018-15, Intangibles — Goodwill and Other — Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires customers to apply internal-use software guidance to determine the implementation costs that are able to be capitalized. Under the new standard, capitalized implementation costs are generally amortized over the term of the arrangement, beginning when the module or component of the hosting arrangement is ready for its intended use. All capitalized implementation amounts will be required to be presented in the same line items of the consolidated financial statements as the related hosting fees. The Company adopted ASU No. 2018-15 beginning January 1, 2021 on a prospective method. The adoption did not have a material impact on the Company’s condensed consolidated financial statements. Recently Issued Accounting Standards Not yet Adopted In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This ASU requires a lessee to recognize on the statement of financial position a liability to make lease payments (the lease liability) and a right-to-use asset representing its right to use the underlying asset for the lease term. This ASU is effective for public and private companies’ fiscal years beginning after December 15, 2018, and December 15, 2021, respectively, with early adoption permitted. The Company expects to adopt ASU No. 2016-02 under the private company transition guidance beginning January 1, 2022, and is currently evaluating the impact on the Company’s condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , and subsequent related ASUs, which amends the guidance on the impairment of financial instruments by requiring measurement and recognition of expected credit losses for financial assets held. This ASU is effective for public and private companies’ fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019, and December 15, 2022, respectively. The Company expects to adopt ASU No. 2016-13 under the private company transition guidance beginning January 1, 2023, and is currently evaluating the impact on the Company’s condensed consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . ASU No. 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. ASU No. 2019-12 will be effective for public entities for interim and annual periods beginning after December 15, 2020, with early adoption permitted. ASU No. 2019-12 will be effective for private entities for annual periods beginning after December 15, 2021, and interim periods beginning after December 15, 2022, with early adoption permitted. The Company expects to adopt ASU No. 2019-12 under the private company transition guidance beginning January 1, 2022, and is currently assessing the impact the guidance will have on the Company’s condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Schedule of Revenue by Major Customers	The following table presents revenues by customers representing 10% or more of total revenues for the three and nine months ended September 30, 2021 and 2020, respectively: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Customer: Customer A * 12.0 % * * * Represents less than 10% The following table presents total accounts receivable representing 10% or more of total accounts receivable at September 30, 2021 and December 31, 2020: September 30, 2021 December 31, 2020 Customer: Customer B 11.1 % *

Reverse Recapitalization (Table

Reverse Recapitalization (Tables)	9 Months Ended
	Sep. 30, 2021
Reverse Recapitalization [Abstract]
Schedule of Common Stock Issued Immediately Following Consummation of the Merger	The number of shares of Class A common stock issued immediately following the consummation of the Merger was as follows (shares are in thousands): Shares Legacy Matterport Stockholders (1) 169,425 Public Stockholders of Gores 34,406 Initial Stockholders (defined below) of Class F Stock (2) 8,625 PIPE Investors (3) 29,500 Total 241,956 (1) Excludes 23,460,000 shares of Class A common stock issuable in earn-out arrangement as they are not issuable until 180 days after the Closing and are contingently issuable based upon the triggering events that have not yet been achieved. (2) Represents shares of Class A common stock issued into which shares of Class F common stock of the Company (“Class F Stock”) were converted upon the consummation of the Merger. Excludes 4,079,000 shares of Class A Stock purchased under the Sponsor Subscription Agreement and excludes 15,000 shares of Class A Stock purchased by the Initial Stockholders (excluding the Sponsor) in the PIPE Investment. Gores Holdings VI Sponsor, LLC, a Delaware limited liability company , Mr. Randall Bort, Ms. Elizabeth Marcellino and Ms. Nancy Tellem, Gores’ independent directors, are collectively noted as “Initial Stockholders”. (3) Includes the Initial Stockholders’ ownership of 4,079,000 shares of Class A Stock purchased under the Sponsor Subscription Agreement and includes 15,000 shares of Class A Stock purchased by the Initial Stockholders (excluding the Sponsor) in the PIPE Investment.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table shows the revenue by geography for the three and nine months ended September 30, 2021 and 2020, respectively (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Revenue: United States $ 16,383 $ 16,638 $ 51,518 $ 40,983 International 11,272 8,436 32,569 21,314 Total revenue $ 27,655 $ 25,074 $ 84,087 $ 62,297 The following table shows over time versus point-in-time revenue for the three and nine months ended September 30, 2021 and 2020, respectively (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Over time revenue $ 18,969 $ 13,858 $ 53,618 $ 34,530 Point-in-time revenue 8,686 11,216 30,469 27,767 Total $ 27,655 $ 25,074 $ 84,087 $ 62,297
Contract Balances	The contract balances as of September 30, 2021 and December 31, 2020 were as follows (in thousands): September 30, December 31, Accounts receivable, net $ 7,793 $ 2,700 Unbilled accounts receivable $ 1,779 $ 1,224 Deferred revenue $ 9,113 $ 4,903

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
	Sep. 30, 2021
Balance Sheet Related Disclosures [Abstract]
Allowance for Doubtful Accounts	Allowance for doubtful accounts as of September 30, 2021 and 2020 and the rollforward for three and nine months ended September 30, 2021 and 2020 were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Balance—beginning of period $ (32) $ (566) $ (799) $ (337) Increase in reserves (309) (340) (460) (581) Write-offs 159 — 1,077 12 Balance—end of period $ (182) $ (906) $ (182) $ (906)
Inventories	Inventories —Inventories as of September 30, 2021 and December 31, 2020, consisted of the following (in thousands): September 30, December 31, Finished Goods $ 1,026 $ 538 Work in process 1,480 2,219 Purchased parts and raw materials 1,483 889 Total inventories $ 3,989 $ 3,646
Property, Plant and Equipment, Net	Property and equipment as of September 30, 2021 and December 31, 2020, consisted of the following (in thousands): September 30, December 31, Machinery and equipment $ 1,945 $ 1,435 Furniture and fixtures 354 359 Leasehold improvements 728 733 Capitalized software and development costs 24,902 18,126 Total property and equipment 27,929 20,653 Accumulated depreciation and amortization (16,552) (12,443) Total property and equipment, net $ 11,377 $ 8,210
Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities as of September 30, 2021 and December 31, 2020, consisted of the following (in thousands): September 30, December 31, Accrued compensation $ 2,503 $ 3,208 Tax payable 945 1,164 Transaction cost payable 200 135 Other current liabilities 5,133 2,488 Total accrued expenses and other current liabilities $ 8,781 $ 6,995

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis	The Company’s financial assets and liabilities that were measured at fair value on a recurring basis were as follows (in thousands): September 30, 2021 Level 1 Level 2 Level 3 Total Financial Assets: Cash equivalents: Money market funds $ 138,730 $ — $ — $ 138,730 Total cash equivalents $ 138,730 $ — $ — $ 138,730 Short-term investments: Corporate debt securities — 44,274 — 44,274 Commercial paper — 129,894 — 129,894 Total short-term investments $ — $ 174,168 $ — $ 174,168 Long-term investments: U.S. government and agency securities $ 180,988 $ — $ — $ 180,988 Non-U.S. government and agency securities — 24,483 — 24,483 Corporate debt securities — 85,429 — 85,429 Total long-term investments $ 180,988 $ 109,912 $ — $ 290,900 Other assets: Convertible notes receivable $ — $ — $ 1,095 $ 1,095 Total other assets: $ — $ — $ 1,095 $ 1,095 Total assets measured at fair value $ 319,718 $ 284,080 $ 1,095 $ 604,893 Financial Liabilities: Public warrants liability $ 53,682 $ — $ — $ 53,682 Private warrants liability — 34,621 — 34,621 Contingent earn-out liability — 334,389 334,389 Total liabilities measured at fair value $ 53,682 $ 34,621 $ 334,389 $ 422,692 December 31, 2020 Level 1 Level 2 Level 3 Total Financial Assets: Cash equivalents: Money market funds $ 43,116 $ — $ — $ 43,116 Total cash equivalents $ 43,116 $ — $ — $ 43,116 Total assets measured at fair value $ 43,116 $ — $ — $ 43,116
Schedule of Amortized Cost, Unrealized Gains and Losses, and Fair Value of AFS Debt Securities	The following tables summarize the amortized cost, unrealized gains and losses, and fair value of our available-for-sale debt securities as of September 30, 2021 and December 31, 2020 (in thousands): September 30, 2021 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Investments: U.S. government and agency securities $ 181,104 $ — $ (116) $ 180,988 Non-U.S. government and agency securities 24,490 — (6) 24,484 Corporate debt securities 129,775 — (72) 129,703 Commercial paper 129,888 5 — 129,893 Convertible notes receivable 1,000 95 — 1,095 Total available-for-sale investments $ 466,257 $ 100 $ (194) $ 466,163
Amortized Cost and Fair Value of AFS Securities by Contractual Maturity Date	The following table summarizes the amortized cost and fair value of our available-for-sale debt securities as of September 30, 2021, by contractual years-to-maturity (in thousands): Amortized Cost Fair Value Due within one year $ 174,176 $ 174,167 Due between one and three years 292,081 291,996 Total $ 466,257 $ 466,163

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt Obligations	Debt obligations as of December 31, 2020, consisted of the following (in thousands): December 31, Line of credit $ 3,000 2019 term loan 2,417 2018 term loan 5,650 2020 term loan 2,000 Total debt $ 13,067 Less: unamortized debt discount (350) Total debt, net of debt discount 12,717 Less: Current portion of long-term debt (8,215) Long-term debt $ 4,502

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Operating Lease Payments and Purchase Obligations	As of September 30, 2021, future minimum operating lease payments and purchase obligations are as follows (in thousands): Operating Purchase Total Lease Remainder of 2021 $ 318 $ 8,313 $ 8,631 2022 1,301 5,221 6,522 2023 1,339 165 1,504 2024 1,306 153 1,459 2025 207 — 207 Total $ 4,471 $ 13,852 $ 18,323

Redeemable Convertible Prefer_2

Redeemable Convertible Preferred Stock (Tables)	9 Months Ended
	Sep. 30, 2021
Temporary Equity Disclosure [Abstract]
Schedule of Redeemable Convertible Preferred Stock	As of December 31, 2020, the Company’s redeemable convertible preferred stock consisted of the following (in thousands, except per share data): December 31, 2020 Convertible preferred stock: Original Shares Shares Shares of Common Stock if converted Carrying Aggregate Dividend Series Seed redeemable $ 0.3507 24,861 24,861 24,861 $ 7,350 $ 8,720 8.0 % Series A-1 redeemable $ 0.4261 7,570 7,570 7,570 3,165 3,226 8.0 % Series B redeemable $ 0.8194 19,527 19,527 20,957 15,905 16,000 8.0 % Series C redeemable $ 1.7194 30,730 30,727 30,727 52,696 52,832 8.0 % Series D redeemable $ 2.0181 42,717 42,294 42,294 85,052 $ 85,353 8.0 % 125,405 124,979 126,409 $ 164,168 $ 166,131

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Common Stock Reserved for Future Issuance	The Company had reserved shares of common stock for future issuance as of September 30, 2021 as follows (in thousands): September 30, Common stock reserved for Earn-out 23,460 Public and private warrants to purchase common stock 11,350 Common stock options outstanding and unvested RSUs under the Amended and Restated 2011 Stock Incentive Plan 46,861 Shares available for future grant under 2021 Employee Stock Purchase Plan 7,259 Shares available for future grant under 2021 Incentive Award Plan 24,196 Total shares of common stock reserved 113,126
Schedule of Accumulated Other Comprehensive Income	The following table summarizes the changes in accumulated other comprehensive income (loss) by component, net of tax (in thousands) : Foreign Currency Translation, Net of Tax Unrealized Losses on Available-for-Sale Debt Securities, Net of Tax Total Balance at December 31, 2020 $ 135 $ — $ 135 Net unrealized loss (79) (94) (173) Balance at September 30, 2021 $ 56 $ (94) $ (38) Foreign Currency Translation, Net of Tax Unrealized Gains on Available-for-Sale Debt Securities, Net of Tax Total Balance at December 31, 2019 $ 36 $ — $ 36 Net unrealized loss (20) — (20) Balance at September 30, 2020 $ 16 $ — $— $ 16

Public and Private Warrants (Ta

Public and Private Warrants (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Schedule of Warrant Liability	The following table summarizes the Public and Private Warrants activities during the three and nine months period ended September 30, 2021 (in thousands): Public Warrants Private Warrants Total Warrants Warrants assumed upon the Closing of the Merger 6,900 4,450 11,350 Warrants Exercised — — — Outstanding as of September 30, 2021 6,900 4,450 11,350
Schedule of Warrants Measured at Fair Value	The following table presents the changes in the fair value of warrant liabilities (in thousands): Public Warrants Private Warrants Total Warrant Liabilities Fair value at Closing date on July 22, 2021 $ 38,984 $ 25,143 $ 64,127 Change in fair value 14,698 9,478 24,176 Fair value at September 30, 2021 $ 53,682 $ 34,621 $ 88,303

Contingent Earn-out Awards (Tab

Contingent Earn-out Awards (Tables)	9 Months Ended
	Sep. 30, 2021
Reverse Recapitalization [Abstract]
Earn-out Shares Valuation	Assumptions used in the valuation are described below: As of September 30, 2021 July 22, 2021 Current stock price $ 18.91 $ 14.47 Expected term (in years) 5.3 5.5 Expected volatility 55.0 % 51.5 % Risk-free interest rate 1.1 % 0.8 % Expected dividend yield 0 % 0 % Inception to 2021 Current stock price $13.93 – $19.11 Expected term 5.3 – 5.5 years Expected volatility 40.0% – 55.0% Risk-free interest rate 0.8% – 1.1% Expected dividend yield 0%
Changes in Estimated Fair Value of the Company's Level 3 Financial Liabilities	The following table sets forth a summary of the changes in the estimated fair value of the earn-out liabilities, which are measured at fair value on a recurring basis using significant unobservable inputs (in thousands): Fair Value Measurements Using Significant Unobservable Inputs Balance at December 31, 2020 $ — Contingent earn-out liability recognized upon the closing of the Reverse Recapitalization 231,627 Reallocation of Earn-out Shares to earn-out liability upon forfeitures 4,284 Change in fair value of earn-out liability 98,478 Balance at September 30, 2021 $ 334,389

Stock Plan (Tables)

Stock Plan (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The following table summarizes the stock option activities under the Company’s stock plans for nine months ended September 30, 2021 (in thousands, except for per share data): Options Outstanding Number of Weighted- Weighted- Average Remaining Contractual Term (Years) Aggregate Balance—December 31, 2020 49,206 $ 0.62 8.1 $ 245,565 Expired or canceled (2,673) 0.70 Exercised (3,402) 0.50 $ 33,210 Balance—September 30, 2021 43,131 $ 0.63 7.1 $ 788,467 Options vested and exercisable—September 30, 2021 27,493 $ 0.56 6.6 $ 504,540
Schedule of RSU and PRSU Activity	The following table summarizes the RSU activity under the Company’s stock plans for the nine months ended September 30, 2021 (in thousands, except per share data): RSUs and PRSUs Number of Weighted- Balance-December 31, 2020 — $ — Granted 4,070 9.55 Vested (28) 9.29 Canceled or forfeited (312) 9.20 Balance-September 30, 2021 3,730 $ 9.58
Schedule of Earn-out Award Activity	The following table summarizes the Earn-out Award activity under the Earn-out Arrangement pursuant to the Merger Agreement during the nine months ended September 30, 2021 (in thousands, except for per share data): Earn-out Award Outstanding Number of Shares Weighted-Average Grant-Date Fair Value Price Per Share Balance - December 31, 2020 — $ — Granted 5,097 12.61 Forfeited (337) 12.57 Balance - September 30, 2021 4,760 $ 12.62
Employee Stock Option Valuation	The assumptions used to estimate the fair value of stock options granted during the nine months ended September 30, 2020 were as follows: Nine Months Ended 2020 Expected term 5.5 – 6.1 years Expected volatility 38.5 – 44.9% Risk-free interest rate 0.3 – 1.5% Expected dividend yield 0%
Earn-out Shares Valuation	Assumptions used in the valuation are described below: As of September 30, 2021 July 22, 2021 Current stock price $ 18.91 $ 14.47 Expected term (in years) 5.3 5.5 Expected volatility 55.0 % 51.5 % Risk-free interest rate 1.1 % 0.8 % Expected dividend yield 0 % 0 % Inception to 2021 Current stock price $13.93 – $19.11 Expected term 5.3 – 5.5 years Expected volatility 40.0% – 55.0% Risk-free interest rate 0.8% – 1.1% Expected dividend yield 0%
Stock-based Compensation Arrangement	The amount of stock-based compensation related to stock-based awards to employees in the Company’s condensed consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2021 and 2020 were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Costs of revenue $ 978 $ 28 $ 1,040 $ 78 Research and development 6,695 164 6,929 485 Selling, general, and administrative 23,065 438 24,028 1,231 Stock-based compensation, net of amounts capitalized 30,738 630 31,997 1,794 Capitalized stock-based compensation 1,332 34 1,526 115 Total stock-based compensation $ 32,070 $ 664 $ 33,523 $ 1,909

Net Loss Attributable to Common

Net Loss Attributable to Common Stockholders (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Net Loss Attributable to Common Stockholders, Basic and Diluted	Net income (loss) per share attributable to common stockholders was computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the three and nine months ended September 30, 2021 and 2020 (in thousands, except for per share data): Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Numerator : Net income (loss) attributable to common stockholders $ (167,989) $ 906 $ (177,070) $ (10,892) Less: undistributed earnings attributable to participating securities — (906) — — Net income (loss) attributable to common stockholders, basic and diluted $ (167,989) $ — $ (177,070) $ (10,892) Denominator: Weighted average shares used in computing net income (loss) per share attributable to common stockholders, basic and diluted 196,478 32,552 93,061 32,334 Net income (loss) per share attributable to common stockholders, basic and diluted $ (0.86) $ — $ (1.90) $ (0.34)
Potentially Dilutive Securities Excluded from the Computation of Diluted Net Loss Per Share Attributable to Common Stockholders	The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss per share attributable to common stockholders, basic and diluted, because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period (shares in thousands): As of September 30, 2021 2020 Public warrants 6,900 — Private warrants 4,450 — Earn-out shares 23,460 — Redeemable convertible preferred stock, all series — 126,409 Warrants to purchase common stock — 1,081 Common stock options outstanding 43,131 52,859 Unvested RSUs 3,730 — Total potentially dilutive common stock equivalents 81,671 180,349

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Concentration Risk (Details) - Customer Concentration Risk	3 Months Ended	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2021
Customer A | Revenue
Concentration Risk [Line Items]
Concentration risk (percent)	12.00%
Customer B | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk (percent)		0.111%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Cash (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)d	Dec. 31, 2020USD ($)
Cash and Cash Equivalents [Line Items]
Receivables from credit card processors | $	$ 600	$ 800
Restricted cash | $	$ 468	$ 400
Minimum
Cash and Cash Equivalents [Line Items]
Number of business days to convert credit card receivables to cash | d	3
Maximum
Cash and Cash Equivalents [Line Items]
Number of business days to convert credit card receivables to cash | d	5

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	Jul. 22, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Reverse Recapitalization [Line Items]
Allowance for doubtful accounts (less than $0.1 million in current period)		$ 182	$ 906	$ 182	$ 906	$ 32	$ 799	$ 566	$ 337
Deferred transaction costs							$ 100
Transaction costs paid	$ 36,300			9,813	0
Additional paid in capital, reduction of proceeds	35,700
Transaction costs paid at closing	$ 600
Earn-out (shares)	23,460,000
Advertising costs		$ 2,300	$ 900	$ 5,800	$ 3,000
Matterport, Inc.
Reverse Recapitalization [Line Items]
Transaction costs paid	$ 10,000
Gores Holdings VI, Inc.
Reverse Recapitalization [Line Items]
Transaction costs paid	$ 26,300

Reverse Recapitalization - Narr

Reverse Recapitalization - Narrative (Details) $ / shares in Units, $ in Thousands	Jul. 22, 2021USD ($)$ / sharesshares	Jul. 21, 2021$ / sharesshares	Sep. 30, 2021USD ($)$ / sharesshares	Sep. 30, 2020USD ($)	Jun. 30, 2020$ / sharesshares	Sep. 30, 2021USD ($)$ / shares	Sep. 30, 2020USD ($)	Aug. 19, 2021shares	Dec. 31, 2020$ / shares
Reverse Recapitalization [Line Items]
Gross proceeds received in business combination	$ 640,100
Proceeds from cash held in trust account	345,100
Redemption of common stock						$ 0	$ 438
Transaction costs paid	36,300					9,813	0
Additional paid in capital, reduction of proceeds	35,700
Transaction costs	$ 600		$ 565	$ 0		$ 565	$ 0
Issuance of common stock (shares) | shares	72,500,000
Common stock, par value ($ per share) | $ / shares	$ 0.0001	$ 0.001	$ 0.0001			$ 0.0001			$ 0.0001
Recapitalization exchange ratio	4.1193	4.1193
Issuance of Series D redeemable convertible preferred stocks net of issuance costs (shares) | shares			52,000		21,708,000
Shares issued upon exercise of warrants (shares) | shares								11,350,000
Legacy Matterport Common Stock Warrants
Reverse Recapitalization [Line Items]
Shares issued upon exercise of warrants (shares) | shares	1,038,444
Redeemable Convertible Preferred Stock
Reverse Recapitalization [Line Items]
Common stock, par value ($ per share) | $ / shares					$ 2.0181
Issuance of Series D redeemable convertible preferred stocks net of issuance costs (shares) | shares		52,236
Legacy Matterport Preferred Stock
Reverse Recapitalization [Line Items]
Conversion of convertible securities (shares) | shares	126,460,926
Matterport, Inc.
Reverse Recapitalization [Line Items]
Transaction costs paid	$ 10,000
Gores Holdings VI, Inc.
Reverse Recapitalization [Line Items]
Transaction costs paid	26,300
Gores Holdings VI, Inc. | Class A Common Stock
Reverse Recapitalization [Line Items]
Additional PIPE	$ 295,000
Common stock, par value ($ per share) | $ / shares	$ 10
Gore Holdings VI, Inc. Public Stockholders
Reverse Recapitalization [Line Items]
Redemption of common stock	$ 900
Legacy Matterport Stockholders
Reverse Recapitalization [Line Items]
Issuance of common stock (shares) | shares	218,875,000

Reverse Recapitalization - Shar

Reverse Recapitalization - Shares Issued Immediately following Consummation of Merger (Details) - shares	Jul. 22, 2021	Sep. 30, 2021	Dec. 31, 2020
Reverse Recapitalization [Line Items]
Common stock, outstanding (shares)	241,956,000	242,413,000	38,981,000
Issuance of common stock (shares)	29,500,000
Earnout shares excluded (shares)	23,460,000
Earnout period	180 days
Legacy Matterport Stockholders
Reverse Recapitalization [Line Items]
Common stock, outstanding (shares)	169,425,000
Public Stockholders
Reverse Recapitalization [Line Items]
Stock Issued during period (shares)	34,406,000
Initial Stockholders' Class F Stock
Reverse Recapitalization [Line Items]
Stock Issued during period (shares)	8,625,000
Initial Stockholders' Class F Stock, Subscription Shares Excluded
Reverse Recapitalization [Line Items]
Issuance of common stock (shares)	4,079,000
Initial Stockholders' Class F Stock, PIPE Investment Shares Excluded
Reverse Recapitalization [Line Items]
Issuance of common stock (shares)	15,000
PIPE Investors, Subscription Shares Included
Reverse Recapitalization [Line Items]
Issuance of common stock (shares)	4,079,000
PIPE Investors, Investment Shares Included
Reverse Recapitalization [Line Items]
Issuance of common stock (shares)	15,000

Revenue - Disaggregated Revenue

Revenue - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenue	$ 27,655	$ 25,074	$ 84,087	$ 62,297
Over time revenue
Disaggregation of Revenue [Line Items]
Total revenue	18,969	13,858	53,618	34,530
Point-in-time revenue
Disaggregation of Revenue [Line Items]
Total revenue	8,686	11,216	30,469	27,767
United States
Disaggregation of Revenue [Line Items]
Total revenue	16,383	16,638	51,518	40,983
International
Disaggregation of Revenue [Line Items]
Total revenue	$ 11,272	$ 8,436	$ 32,569	$ 21,314

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 7,793	$ 2,700
Unbilled accounts receivable	1,779	1,224
Deferred revenue	$ 9,113	$ 4,903

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Deferred revenue recognized	$ 4.1	$ 1.9

Revenue - Remaining Performance

Revenue - Remaining Performance Obligation (Details) $ in Millions	Sep. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted but unsatisfied performance obligations	$ 22.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted but unsatisfied performance obligations	$ 20.1
Contracted but unsatisfied performance obligations, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contracted but unsatisfied performance obligations, period

Balance Sheet Components - Allo

Balance Sheet Components - Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance—beginning of period	$ (32)	$ (566)	$ (799)	$ (337)
Increase in reserves	(309)	(340)	(460)	(581)
Write-offs	159	0	1,077	12
Balance—end of period	$ (182)	$ (906)	$ (182)	$ (906)

Balance sheet Components - Inve

Balance sheet Components - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Finished Goods	$ 1,026	$ 538
Work in process	1,480	2,219
Purchased parts and raw materials	1,483	889
Total inventories	$ 3,989	$ 3,646

Balance Sheet Components - Prop

Balance Sheet Components - Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 27,929		$ 27,929		$ 20,653
Accumulated depreciation and amortization	(16,552)		(16,552)		(12,443)
Total property and equipment, net	11,377		11,377		8,210
Depreciation and amortization	1,500	$ 1,200	4,121	$ 3,538
Capitalized computer software additions	3,300	1,200	6,700	3,700
Capitalized computer software amortization	1,400	1,100	3,800	3,300
Costs of revenue
Property, Plant and Equipment [Line Items]
Capitalized computer software amortization	1,200	1,000	3,300	2,900
Selling, general, and administrative
Property, Plant and Equipment [Line Items]
Capitalized computer software amortization	200	$ 100	500	$ 400
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	1,945		1,945		1,435
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	354		354		359
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	728		728		733
Capitalized software and development costs
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 24,902		$ 24,902		$ 18,126

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Balance Sheet Related Disclosures [Abstract]
Accrued compensation	$ 2,503	$ 3,208
Tax payable	945	1,164
Transaction cost payable	200	135
Other current liabilities	5,133	2,488
Total accrued expenses and other current liabilities	$ 8,781	$ 6,995

Fair Value Measurements - Asset

Fair Value Measurements - Assets on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jul. 22, 2021	Dec. 31, 2020
Short-term investments:
Short-term investments	$ 174,168		$ 0
Other assets:
Convertible notes receivable	466,163
Financial Liabilities:
Warrants liability	88,303	$ 64,127
Contingent earn-out liability		231,600
Public Warrant
Financial Liabilities:
Warrants liability	53,682	38,984	0
Private Warrant
Financial Liabilities:
Warrants liability	34,621	$ 25,143	0
Corporate debt securities
Other assets:
Convertible notes receivable	129,703
Commercial paper
Other assets:
Convertible notes receivable	129,893
U.S. government and agency securities
Other assets:
Convertible notes receivable	180,988
Non-U.S. government and agency securities
Other assets:
Convertible notes receivable	24,484
Fair Value, Recurring
Cash equivalents:
Cash equivalents, fair value	138,730		43,116
Short-term investments:
Short-term investments	174,168
Long-term investments:
Long-term investments	290,900
Other assets:
Convertible notes receivable	1,095
Total assets measured at fair value	604,893		43,116
Financial Liabilities:
Contingent earn-out liability	334,389
Total liabilities measured at fair value	422,692
Fair Value, Recurring | Public Warrant
Financial Liabilities:
Warrants liability	53,682
Fair Value, Recurring | Private Warrant
Financial Liabilities:
Warrants liability	34,621
Fair Value, Recurring | Corporate debt securities
Short-term investments:
Short-term investments	44,274
Long-term investments:
Long-term investments	85,429
Fair Value, Recurring | Commercial paper
Short-term investments:
Short-term investments	129,894
Fair Value, Recurring | U.S. government and agency securities
Long-term investments:
Long-term investments	180,988
Fair Value, Recurring | Non-U.S. government and agency securities
Long-term investments:
Long-term investments	24,483
Fair Value, Recurring | Convertible notes receivable
Other assets:
Convertible notes receivable	1,095
Fair Value, Recurring | Money market funds
Cash equivalents:
Cash equivalents, fair value	138,730		43,116
Level 1 | Fair Value, Recurring
Cash equivalents:
Cash equivalents, fair value	138,730		43,116
Short-term investments:
Short-term investments	0
Long-term investments:
Long-term investments	180,988
Other assets:
Convertible notes receivable	0
Total assets measured at fair value	319,718		43,116
Financial Liabilities:
Contingent earn-out liability	0
Total liabilities measured at fair value	53,682
Level 1 | Fair Value, Recurring | Public Warrant
Financial Liabilities:
Warrants liability	53,682
Level 1 | Fair Value, Recurring | Private Warrant
Financial Liabilities:
Warrants liability	0
Level 1 | Fair Value, Recurring | Corporate debt securities
Short-term investments:
Short-term investments	0
Long-term investments:
Long-term investments	0
Level 1 | Fair Value, Recurring | Commercial paper
Short-term investments:
Short-term investments	0
Level 1 | Fair Value, Recurring | U.S. government and agency securities
Long-term investments:
Long-term investments	180,988
Level 1 | Fair Value, Recurring | Non-U.S. government and agency securities
Long-term investments:
Long-term investments	0
Level 1 | Fair Value, Recurring | Convertible notes receivable
Other assets:
Convertible notes receivable	0
Level 1 | Fair Value, Recurring | Money market funds
Cash equivalents:
Cash equivalents, fair value	138,730		43,116
Level 2 | Fair Value, Recurring
Cash equivalents:
Cash equivalents, fair value	0		0
Short-term investments:
Short-term investments	174,168
Long-term investments:
Long-term investments	109,912
Other assets:
Convertible notes receivable	0
Total assets measured at fair value	284,080		0
Financial Liabilities:
Contingent earn-out liability
Total liabilities measured at fair value	34,621
Level 2 | Fair Value, Recurring | Public Warrant
Financial Liabilities:
Warrants liability	0
Level 2 | Fair Value, Recurring | Private Warrant
Financial Liabilities:
Warrants liability	34,621
Level 2 | Fair Value, Recurring | Corporate debt securities
Short-term investments:
Short-term investments	44,274
Long-term investments:
Long-term investments	85,429
Level 2 | Fair Value, Recurring | Commercial paper
Short-term investments:
Short-term investments	129,894
Level 2 | Fair Value, Recurring | U.S. government and agency securities
Long-term investments:
Long-term investments	0
Level 2 | Fair Value, Recurring | Non-U.S. government and agency securities
Long-term investments:
Long-term investments	24,483
Level 2 | Fair Value, Recurring | Convertible notes receivable
Other assets:
Convertible notes receivable	0
Level 2 | Fair Value, Recurring | Money market funds
Cash equivalents:
Cash equivalents, fair value	0		0
Level 3 | Fair Value, Recurring
Cash equivalents:
Cash equivalents, fair value	0		0
Short-term investments:
Short-term investments	0
Long-term investments:
Long-term investments	0
Other assets:
Convertible notes receivable	1,095
Total assets measured at fair value	1,095		0
Financial Liabilities:
Contingent earn-out liability	334,389
Total liabilities measured at fair value	334,389
Level 3 | Fair Value, Recurring | Public Warrant
Financial Liabilities:
Warrants liability	0
Level 3 | Fair Value, Recurring | Private Warrant
Financial Liabilities:
Warrants liability	0
Level 3 | Fair Value, Recurring | Corporate debt securities
Short-term investments:
Short-term investments	0
Long-term investments:
Long-term investments	0
Level 3 | Fair Value, Recurring | Commercial paper
Short-term investments:
Short-term investments	0
Level 3 | Fair Value, Recurring | U.S. government and agency securities
Long-term investments:
Long-term investments	0
Level 3 | Fair Value, Recurring | Non-U.S. government and agency securities
Long-term investments:
Long-term investments	0
Level 3 | Fair Value, Recurring | Convertible notes receivable
Other assets:
Convertible notes receivable	1,095
Level 3 | Fair Value, Recurring | Money market funds
Cash equivalents:
Cash equivalents, fair value	$ 0		$ 0

Fair Value Measurements - Amort

Fair Value Measurements - Amortized Cost, Unrealized Gains and Losses, and FV of AFS Debt Securities (Details) $ in Thousands	Sep. 30, 2021USD ($)
Investments:
Total available-for-sale investments	$ 466,257
Available-for-sale investments, unrealized gains	100
Available-for-sale investments, unrealized losses	(194)
Available-for-sale, fair value	466,163
U.S. government and agency securities
Investments:
Total available-for-sale investments	181,104
Available-for-sale investments, unrealized gains	0
Available-for-sale investments, unrealized losses	(116)
Available-for-sale, fair value	180,988
Non-U.S. government and agency securities
Investments:
Total available-for-sale investments	24,490
Available-for-sale investments, unrealized gains	0
Available-for-sale investments, unrealized losses	(6)
Available-for-sale, fair value	24,484
Corporate debt securities
Investments:
Total available-for-sale investments	129,775
Available-for-sale investments, unrealized gains	0
Available-for-sale investments, unrealized losses	(72)
Available-for-sale, fair value	129,703
Commercial paper
Investments:
Total available-for-sale investments	129,888
Available-for-sale investments, unrealized gains	5
Available-for-sale investments, unrealized losses	0
Available-for-sale, fair value	129,893
Convertible notes receivable
Investments:
Total available-for-sale investments	1,000
Available-for-sale investments, unrealized gains	95
Available-for-sale investments, unrealized losses	0
Available-for-sale, fair value	$ 1,095

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details)	Sep. 30, 2021USD ($)	Jan. 31, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other-than-temporary impairments	$ 0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments		$ 1,000,000
Convertible notes receivable, interest rate (percent)		0.050
Level 3 | Measurement Input, Probability of Repayment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes receivable, measurement input	0.80
Level 3 | Measurement Input, Probability of Conversion
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes receivable, measurement input	0.20
Level 3 | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes receivable, measurement input	0.1567

Fair Value Measurements - Amo_2

Fair Value Measurements - Amortized Cost and Fair Value by Maturity (Details) $ in Thousands	Sep. 30, 2021USD ($)
Fair Value Disclosures [Abstract]
Amortized cost, due within one year	$ 174,176
Amortized cost, due between one and three years	292,081
Total available-for-sale investments	466,257
Fair value, due within one year	174,167
Fair value, due between one and three years	291,996
Total available-for-sale investments	$ 466,163

Debt - Narrative (Details)

Debt - Narrative (Details)

Oct. 12, 2020USD ($)

Apr. 17, 2020USD ($)

Feb. 20, 2020USD ($)paymentloanFacility

Sep. 27, 2019USD ($)

Sep. 16, 2019USD ($)payment

Apr. 20, 2018USD ($)payment

Nov. 03, 2017USD ($)payment

Oct. 26, 2017USD ($)

May 22, 2017USD ($)

Sep. 23, 2016USD ($)payment

May 20, 2015USD ($)

Jul. 31, 2021USD ($)

Apr. 30, 2020USD ($)

Sep. 30, 2021USD ($)

Sep. 30, 2020USD ($)

Sep. 30, 2021USD ($)

Sep. 30, 2020USD ($)

Dec. 31, 2020USD ($)

Apr. 28, 2020USD ($)

Apr. 27, 2020USD ($)

Debt Instrument [Line Items]

Proceeds from debt, net

$ 0

$ 5,221,000

Amortization of debt discount (less than for the three months ended periods)

135,000

172,000

Loss on extinguishment of debt

210,000

954,000

Long-term debt

$ 4,502,000

2019 Term Loan and Line of Credit

Debt Instrument [Line Items]

Amortization of debt discount (less than for the three months ended periods)

$ 100,000

$ 100,000

200,000

200,000

Term Loan | 2015 Term Loan

Debt Instrument [Line Items]

Term loan, maximum amount

$ 4,000,000

Proceeds from debt, net

$ 4,000,000

Number of equal installment payments | payment

36,000,000

Term Loan | 2015 Term Loan | Prime Rate

Debt Instrument [Line Items]

Basis spread on floating rate (percent)

1.00%

Term Loan | 2017 Term Loan

Debt Instrument [Line Items]

Term loan, maximum amount

$ 1,500,000

Proceeds from debt, net

$ 1,500,000

Number of equal installment payments | payment

36,000,000

Stated interest rate (percent)

5.25%

Debt repaid in full

$ 1,000,000

Term Loan | 2017 Term Loan | Prime Rate

Debt Instrument [Line Items]

Basis spread on floating rate (percent)

1.00%

Term Loan | 2019 Term Loan

Debt Instrument [Line Items]

Term loan, maximum amount

3,000,000

Proceeds from debt, net

$ 3,000,000

Number of equal installment payments | payment

36,000,000

36

Stated interest rate (percent)

5.25%

5.25%

Repayment of term loan

1,900,000

2,400,000

Term Loan | 2019 Term Loan | Prime Rate

Debt Instrument [Line Items]

Basis spread on floating rate (percent)

1.00%

Term Loan | 2018 Agreement

Debt Instrument [Line Items]

Term loan, maximum amount

$ 10,000,000

Stated interest rate (percent)

11.50%

Repayment of term loan

$ 3,900,000

800,000

5,600,000

2,400,000

Number of monthly scheduled installment payments | payment

48

Payment of final payment fee

500,000

Final payment due at maturity or prepayment date

100,000

Loss on extinguishment of debt

100,000

Period of interest-only payments

12 months

Interest expense

100,000

200,000

300,000

600,000

Term Loan | 2020 Term Loan

Debt Instrument [Line Items]

Term loan, maximum amount

$ 2,000,000

Number of equal installment payments | payment

24,000,000

Stated interest rate (percent)

4.75%

Repayment of term loan

1,800,000

2,000,000

Loss on extinguishment of debt

(100,000)

Interest expense

$ 100,000

100,000

$ 200,000

$ 100,000

Number of term loan facilities | loanFacility

2

Aggregated annual coupon payment

$ 100,000

Term Loan | 2020 Term Loan - Facility A

Debt Instrument [Line Items]

Term loan, maximum amount

$ 1,000,000

Proceeds from debt, net

$ 1,000,000

Debt maturity period

36 months

Term Loan | 2020 Term Loan - Facility B

Debt Instrument [Line Items]

Term loan, maximum amount

$ 1,000,000

Proceeds from debt, net

$ 1,000,000

Debt maturity period

30 months

Line of Credit | 2015 Account Financing | Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 1,000,000

Line of Credit | 2015 Amended and Restated Agreement | Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 2,000,000

Line of Credit | 2015 Amended and Restated Agreement | Prime Rate | Revolving Credit Facility

Debt Instrument [Line Items]

Basis spread on floating rate (percent)

0.50%

Line of Credit | 2017 Second Amended and Restated Agreement | Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 3,000,000

$ 3,000,000

Stated interest rate (percent)

5.25%

Proceeds from line of credit

$ 3,000,000

Line of Credit | 2017 Second Amended and Restated Agreement | Prime Rate | Revolving Credit Facility

Debt Instrument [Line Items]

Basis spread on floating rate (percent)

0.50%

Line of Credit | 2020 Amendment | Revolving Credit Facility

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 5,000,000

Stated interest rate (percent)

5.25%

Debt repaid in full

$ 3,000,000

Notes Payable to Banks | Paycheck Protection Program CARES Act

Debt Instrument [Line Items]

Interest expense

$ 100,000

Debt maturity period

2 years

Fixed annual interest rate (percent)

1.00%

Notes payable

$ 4,300,000

Debt - Schedule of Debt Obligat

Debt - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total debt		$ 13,067
Less: unamortized debt discount		(350)
Total debt, net of debt discount		12,717
Current portion of long-term debt	$ 0	(8,215)
Long-term debt		4,502
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Total debt		3,000
Term Loan | 2019 Term Loan
Debt Instrument [Line Items]
Total debt		2,417
Term Loan | 2018 Term Loan
Debt Instrument [Line Items]
Total debt		5,650
Term Loan | 2020 Term Loan
Debt Instrument [Line Items]
Total debt		$ 2,000

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 400,000	$ 600,000	$ 1,300,000	$ 1,900,000
Estimated litigation liability	$ 0		$ 0		$ 0

Commitment and Contingencies _2

Commitment and Contingencies - Future Minimum Operating Lease Payments and Purchase Obligations (Details) $ in Thousands	Sep. 30, 2021USD ($)
Operating Leases
Remainder of 2021	$ 318
2022	1,301
2023	1,339
2024	1,306
2025	207
Total	4,471
Purchase Obligations
Remainder of 2021	8,313
2022	5,221
2023	165
2024	153
2025	0
Total	13,852
Total Lease and Purchase Obligations
Remainder of 2021	8,631
2022	6,522
2023	1,504
2024	1,459
2025	207
Total	$ 18,323

Convertible Notes - Additional

Convertible Notes - Additional Information (Details)	1 Months Ended	3 Months Ended			9 Months Ended		12 Months Ended
	Apr. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)$ / sharesshares	Mar. 31, 2020USD ($)$ / shares	Sep. 30, 2021	Sep. 30, 2020USD ($)	Dec. 31, 2020
Redeemable Convertible Preferred Stock
Debt Instrument [Line Items]
Conversion of convertible debt plus interest into Series D redeemable convertible preferred stock ($ per share) | $ / shares	$ 1.8163
Redeemable convertible preferred, issued (shares) | shares			21,708,519
Redeemable convertible preferred issued ($ per share) | $ / shares			$ 2.0181
Proceeds from issuance of redeemable convertible preferred stock			$ 43,800,000
Conversion of debt, shares issued (shares) | shares	4,728,975
Aggregate proceeds from convertible preferred stock financing and converted notes	$ 52,400,000
2020 Notes
Debt Instrument [Line Items]
Conversion of debt to redeemable convertible preferred stock, trigger amount				$ 10,000,000
Conversion of debt to redeemable convertible preferred stock, discount rate (percent)					0.150		0.100
2020 Notes | Redeemable Convertible Preferred Stock
Debt Instrument [Line Items]
Conversion of convertible debt plus interest into Series D redeemable convertible preferred stock ($ per share) | $ / shares				$ 2.0181
2020 Notes | Convertible Notes
Debt Instrument [Line Items]
Proceeds from issuance of convertible notes				$ 8,500,000
Stated interest rate (percent)				5.00%
Unpaid accrued interest	8,600,000
Fair value of embedded derivative	$ 900,000			$ 1,000,000
Interest expense		$ 0				$ 100,000

Redeemable Convertible Prefer_3

Redeemable Convertible Preferred Stock - Narrative (Details) - USD ($) $ in Thousands	Jul. 22, 2021	Sep. 30, 2021
Class of Stock [Line Items]
Conversion of Legacy Matterport preferred shares		$ 164,461
Common Stock
Class of Stock [Line Items]
Aggregate shares issued upon conversion of Legacy Matterport preferred stock (shares)	126,460,926
Conversion of Legacy Matterport preferred shares	$ 164,500

Redeemable Convertible Prefer_4

Redeemable Convertible Preferred Stock (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)$ / sharesshares	Sep. 30, 2021USD ($)shares	Jun. 30, 2021USD ($)shares	Mar. 31, 2021USD ($)shares	Sep. 30, 2020USD ($)shares	Jun. 30, 2020USD ($)shares	Mar. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares
Class of Stock [Line Items]
Shares Authorized	125,405,000	30,000,000
Shares Issued	124,979,000	0
Shares Outstanding	124,979,000	0	124,979,000	124,979,000	124,979,000	124,979,000	98,542,000	98,542,000	[1]
Carrying Value | $	$ 164,168	$ 0	$ 164,168	$ 164,168	$ 164,168	$ 164,168	$ 110,978	$ 110,978
Aggregate Liquidation Preference | $	$ 166,131	$ 0
Redeemable Convertible Preferred Stock
Class of Stock [Line Items]
Shares Authorized	125,405,000
Shares of Common Stock if converted	126,409,000
Series Seed redeemable
Class of Stock [Line Items]
Original Issuance Price ($ per share) | $ / shares	$ 0.3507
Shares Authorized	24,861,000
Shares Issued	24,861,000
Shares Outstanding	24,861,000
Shares of Common Stock if converted	24,861,000
Carrying Value | $	$ 7,350
Aggregate Liquidation Preference | $	$ 8,720
Dividend Rate (percent)	0.080
Series  A-1 redeemable
Class of Stock [Line Items]
Original Issuance Price ($ per share) | $ / shares	$ 0.4261
Shares Authorized	7,570,000
Shares Issued	7,570,000
Shares Outstanding	7,570,000
Shares of Common Stock if converted	7,570,000
Carrying Value | $	$ 3,165
Aggregate Liquidation Preference | $	$ 3,226
Dividend Rate (percent)	0.080
Series B redeemable
Class of Stock [Line Items]
Original Issuance Price ($ per share) | $ / shares	$ 0.8194
Shares Authorized	19,527,000
Shares Issued	19,527,000
Shares Outstanding	19,527,000
Shares of Common Stock if converted	20,957,000
Carrying Value | $	$ 15,905
Aggregate Liquidation Preference | $	$ 16,000
Dividend Rate (percent)	0.080
Series C redeemable
Class of Stock [Line Items]
Original Issuance Price ($ per share) | $ / shares	$ 1.7194
Shares Authorized	30,730,000
Shares Issued	30,727,000
Shares Outstanding	30,727,000
Shares of Common Stock if converted	30,727,000
Carrying Value | $	$ 52,696
Aggregate Liquidation Preference | $	$ 52,832
Dividend Rate (percent)	0.080
Series D redeemable
Class of Stock [Line Items]
Original Issuance Price ($ per share) | $ / shares	$ 2.0181
Shares Authorized	42,717,000
Shares Issued	42,294,000
Shares Outstanding	42,294,000
Shares of Common Stock if converted	42,294,000
Carrying Value | $	$ 85,052
Aggregate Liquidation Preference | $	$ 85,353
Dividend Rate (percent)	0.080
[1]	(1) The shares of the Company’s common and redeemable convertible preferred stock, prior to the Merger (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 4.1193 established in the Merger as described in Note 3.

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Thousands	Jul. 22, 2021USD ($)$ / sharesshares	Sep. 30, 2021USD ($)lender$ / sharesshares	Sep. 30, 2020USD ($)shares	Sep. 30, 2021USD ($)lender$ / sharesshares	Sep. 30, 2020USD ($)shares	Aug. 19, 2021shares	Jul. 21, 2021$ / sharesshares	Jun. 30, 2021shares	Mar. 31, 2021shares	Dec. 31, 2020USD ($)$ / sharesshares	Jun. 30, 2020shares	Mar. 31, 2020shares	Dec. 31, 2019shares	[1]
Class of Stock [Line Items]
Issuance of common stock (shares) | shares	72,500,000
Gross proceeds received in business combination	$ 640,100
Redemption of common stock				$ 0	$ 438
Transaction costs paid	36,300			9,813	0
Additional paid in capital, reduction of proceeds	35,700
Transaction costs	$ 600	$ 565	$ 0	$ 565	0
Common stock, authorized (shares) | shares	640,000,000	640,000,000		640,000,000			232,700,000			230,680,000
Common stock, par value ($ per share) | $ / shares	$ 0.0001	$ 0.0001		$ 0.0001			$ 0.001			$ 0.0001
Stock, authorized (shares) | shares	670,000,000
Stock, par value ($ per share) | $ / shares	$ 0.0001
Preferred stock, authorized (shares) | shares	30,000,000
Common stock, outstanding (shares) | shares	241,956,000	242,413,000		242,413,000						38,981,000
Warrants, contractual life							5 years
Shares issued upon exercise of warrants (shares) | shares						11,350,000
Unamortized debt discount										$ 350
Amortization of debt discount				$ 135	$ 172
Common Stock
Class of Stock [Line Items]
Issuance of common stock (shares) | shares		72,531,000
Common stock, outstanding (shares) | shares		242,413,000	32,886,000	242,413,000	32,886,000			41,750,000	40,566,000	38,981,000	32,487,000	32,132,000	32,132,000
Number of lenders | lender		3		3
Warrants, contractual life		10 years		10 years
Shares issued upon exercise of warrants (shares) | shares	1,000,000
Warrants
Class of Stock [Line Items]
Unamortized debt discount										$ 200
Amortization of debt discount		$ 200
Matterport, Inc.
Class of Stock [Line Items]
Transaction costs paid	$ 10,000
Gore Holdings VI, Inc. Public Stockholders
Class of Stock [Line Items]
Redemption of common stock	900
Gores Holdings VI, Inc.
Class of Stock [Line Items]
Transaction costs paid	$ 26,300
[1]	(1) The shares of the Company’s common and redeemable convertible preferred stock, prior to the Merger (as defined in Note 1) have been retroactively restated to reflect the exchange ratio of approximately 4.1193 established in the Merger as described in Note 3.

Stockholders' Equity - Shares R

Stockholders' Equity - Shares Reserved for Future Issuance (Details)	Sep. 30, 2021shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved	113,126,000
Common stock reserved for Earn-out
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved	23,460,000
Warrants to purchase common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved	11,350,000
Common stock options outstanding and unvested RSUs under the Amended and Restated 2011 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved	46,861,000
Shares available for future grant under 2021 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved	7,259,000
Shares available for future grant under 2021 Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total shares of common stock reserved	24,196,000

Stockholders' Equity - Accumula

Stockholders' Equity - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (120,700)	$ (109,629)
Net unrealized loss	(173)	(20)
Ending balance	205,726	(119,435)
Total
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	135	36
Ending balance	(38)	16
Foreign Currency Translation, Net of Tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	135	36
Net unrealized loss	(79)	(20)
Ending balance	56	16
Unrealized Losses on Available-for-Sale Debt Securities, Net of Tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0	0
Net unrealized loss	(94)	0
Ending balance	$ (94)	$ 0

Public and Private Warrants (De

Public and Private Warrants (Details)	Jul. 21, 2021d$ / sharesshares	Sep. 30, 2021$ / sharesshares	Aug. 19, 2021shares	Jul. 22, 2021shares
Class of Warrant or Right [Line Items]
Warrants issued (shares)		11,350,000		11,350,000
Number of shares purchasable with each warrant (shares)	1
Warrant, exercise price ($ per share) | $ / shares	$ 11.50
Warrants, contractual life	5 years
Shares issued upon exercise of warrants (shares)			11,350,000
Warrant Activity [Abstract]
Warrants Exercised		0
Outstanding as of September 30, 2021		11,350,000
Warrants, fair value ($ per share) | $ / shares		$ 7.78
Public Warrant
Class of Warrant or Right [Line Items]
Warrants issued (shares)	6,900,000	6,900,000		6,900,000
Warrant, exercise price ($ per share) | $ / shares	$ 11.50
Prior written notice of redemption, period	30 days
Redemption price per warrant ($ dollar per warrant) | $ / shares	$ 0.01
Warrant redemption, trigger price ($ per share) | $ / shares	$ 18
Warrant redemption, number of trading days at or above trigger price | d	20
Days included in warrant redemption trading day period | d	30
Warrant redemption, period after warrants become exercisable	90 days
Warrant redemption, number of trading days Included in fair market value average | d	10
Warrant, fair value redemption ($ per share) | $ / shares	$ 10
Warrant Activity [Abstract]
Warrants assumed upon the Closing of the Merger		6,900,000
Warrants Exercised		0
Outstanding as of September 30, 2021	6,900,000	6,900,000
Private Warrant
Class of Warrant or Right [Line Items]
Warrants issued (shares)	4,450,000	4,450,000		4,450,000
Private placement warrant vesting period	30 days
Warrant Activity [Abstract]
Warrants assumed upon the Closing of the Merger		4,450,000
Warrants Exercised		0
Outstanding as of September 30, 2021	4,450,000	4,450,000

Public and Private Warrants - F

Public and Private Warrants - Fair Value (Details) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Warrant Liability [Roll Forward]
Change in fair value of warrants liabilities	$ 24,176	$ 24,176	$ 0	$ 24,176	$ 0
Fair value at September 30, 2021	88,303	88,303		88,303
Public Warrant
Warrant Liability [Roll Forward]
Fair value at Closing date on July 22, 2021				0
Change in fair value of warrants liabilities	14,698
Fair value at September 30, 2021	53,682	53,682		53,682
Private Warrant
Warrant Liability [Roll Forward]
Fair value at Closing date on July 22, 2021				0
Change in fair value of warrants liabilities	9,478
Fair value at September 30, 2021	$ 34,621	$ 34,621		$ 34,621

Contingent Earn-out Awards - Na

Contingent Earn-out Awards - Narrative (Details) $ / shares in Units, $ in Millions	Jul. 22, 2021USD ($)dtranche$ / sharesshares
Reverse Recapitalization [Line Items]
Earn-out (shares)	23,460,000
Number of tranches of earn-out shares | tranche	6
Earn-out share release, number of trading days above trigger price | d	10
Earn-out share release, number of consecutive trading days in trigger period | d	30
Equity earn-out period start, number of days after Closing | d	180
Estimated fair value of total earn-out shares at Closing | $	$ 294.8
Contingent earn-out liability | $	$ 231.6
Weighted Average Share Price in Excess of $13.00
Reverse Recapitalization [Line Items]
Earn-out (shares)	3,910,000
Earn-out period stock price trigger ($ per share, in excess of) | $ / shares	$ 13
Weighted Average Share Price in Excess of $15.50
Reverse Recapitalization [Line Items]
Earn-out (shares)	3,910,000
Earn-out period stock price trigger ($ per share, in excess of) | $ / shares	$ 15.50
Weighted Average Share Price in Excess of $18.00
Reverse Recapitalization [Line Items]
Earn-out (shares)	3,910,000
Earn-out period stock price trigger ($ per share, in excess of) | $ / shares	$ 18
Weighted Average Share Price in Excess of $20.50
Reverse Recapitalization [Line Items]
Earn-out (shares)	3,910,000
Earn-out period stock price trigger ($ per share, in excess of) | $ / shares	$ 20.50
Weighted Average Share Price in Excess of $23.00
Reverse Recapitalization [Line Items]
Earn-out (shares)	3,910,000
Earn-out period stock price trigger ($ per share, in excess of) | $ / shares	$ 23
Weighted Average Share Price in Excess of $25.50
Reverse Recapitalization [Line Items]
Earn-out (shares)	3,910,000
Earn-out period stock price trigger ($ per share, in excess of) | $ / shares	$ 25.50

Contingent Earn-out Awards - Va

Contingent Earn-out Awards - Valuation Assumptions (Details)	Sep. 30, 2021	Jul. 22, 2021
Current stock price
Reverse Recapitalization [Line Items]
Derivative liability, measurement input	18.91	14.47
Expected term (in years)
Reverse Recapitalization [Line Items]
Derivative liability, measurement input	5.3	5.5
Expected volatility
Reverse Recapitalization [Line Items]
Derivative liability, measurement input	0.550	0.515
Risk-free interest rate
Reverse Recapitalization [Line Items]
Derivative liability, measurement input	0.011	0.008
Expected dividend yield
Reverse Recapitalization [Line Items]
Derivative liability, measurement input	0	0

Contingent Earn-out Awards - Ro

Contingent Earn-out Awards - Rollforward of Contingent Earn-out Liability (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Balance at December 31, 2020	$ 0
Contingent earn-out liability recognized upon the closing of the Reverse Recapitalization	231,627
Reallocation of Earn-out Shares to earn-out liability upon forfeitures	4,284
Change in fair value of earn-out liability	98,478
Balance at September 30, 2021	$ 334,389

Stock Plan - Narrative (Details

Stock Plan - Narrative (Details) - USD ($) $ in Thousands	Jul. 22, 2021	Sep. 30, 2011	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Apr. 01, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based expense related to unvested options			$ 4,400		$ 4,400
Stock-based compensation expense			$ 30,738	$ 630	$ 31,997	$ 1,794
Exercisable (shares)			27,493,000		27,493,000
Granted (shares)					0
ISOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based expense, period for recognition					2 years 1 month 6 days
Modified PSOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Modified performance-based options outstanding (shares)							866,597
Stock-based compensation expense	$ 8,100
Exercisable (shares)	866,597
PRSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based expense, period for recognition					1 year 10 months 24 days
Stock-based compensation expense	$ 6,100
Unrecognized stock-based expense, other than options			$ 22,600		$ 22,600
PRSUs | Service-based Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					4 years
PRSUs | Service-based Cliff Vesting Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based expense, period for recognition					3 years 9 months 18 days
Unrecognized stock-based expense, other than options			3,600		$ 3,600
Earn-out Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based expense, period for recognition					9 months 18 days
Unrecognized stock-based expense, other than options			$ 46,700		$ 46,700
2011 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock incentive plan, period in force		10 years
Shares available for grant under the plan (shares)			0		0
2011 Stock Plan | ISOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under the plan (shares)			67,800,000		67,800,000
2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant under the plan, as percentage of shares outstanding at closing (percent)	10.00%
Shares available for grant under the plan (shares)	24,200,000		24,200,000		24,200,000
Annual increase to shares available for grant under the plan as percentage of shares outstanding at prior year end (percent)	5.00%
2021 Plan | ISOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant under the plan (shares)			181,500,000		181,500,000
2021 ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant under the plan, as percentage of shares outstanding at closing (percent)	3.00%		15.25%		15.25%
Shares available for grant under the plan (shares)	7,300,000		7,300,000		7,300,000
Annual increase to shares available for grant under the plan as percentage of shares outstanding at prior year end (percent)	1.00%
2021 ESPP | ISOs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant under the plan (shares)			36,900,000		36,900,000

Stock Plan - Stock Option Activ

Stock Plan - Stock Option Activities (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Balance, beginning (shares) | shares	49,206
Exercised (shares) | shares	(2,673)
Expired or canceled (shares) | shares	(3,402)
Balance, ending (shares) | shares	43,131	49,206
Exercisable (shares) | shares	27,493
Weighted- Average Exercise Price Per Share
Beginning balance ($ per share) | $ / shares	$ 0.62
Exercised ($ per share) | $ / shares	0.7
Expired or canceled ($ per share) | $ / shares	0.5
Exercisable ($ per share) | $ / shares	0.56
Ending Balance ($ per share) | $ / shares	$ 0.63	$ 0.62
Options outstanding, weighted-average remaining contractual term (in years)	7 years 1 month 6 days	8 years 1 month 6 days
Options exercisable, weighted-average remaining contractual term (in years)	6 years 7 months 6 days
Options outstanding, aggregate intrinsic value | $	$ 788,467	$ 245,565
Options exercised, aggregate intrinsic value | $	33,210
Options exercisable, aggregate intrinsic value | $	$ 504,540

Stock Plan - RSU and PRSU Activ

Stock Plan - RSU and PRSU Activities (Details) - RSUs and PRSUs shares in Thousands	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (shares) | shares	0
Granted (shares) | shares	4,070
Vested (shares) | shares	(28)
Canceled or forfeited (shares) | shares	(312)
Ending balance (shares) | shares	3,730
Weighted-Average Grant Date Fair Value
Outstanding, beginning, weighted-average grant date fair value ($ per share) | $ / shares	$ 0
Granted ($ per share) | $ / shares	9.55
Vested ($ per share) | $ / shares	9.29
Canceled or forfeited ($ per share) | $ / shares	9.20
Outstanding, ending, weighted-average grant date fair value ($ per share) | $ / shares	$ 9.58

Stock Plan - Earn-out Shares Ac

Stock Plan - Earn-out Shares Activity (Details) - Earn-out Shares - $ / shares shares in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance (shares)	0
Granted (shares)	5,097
Forfeited (shares)	337
Ending balance (shares)	4,760
Weighted-Average Grant Date Fair Value
Outstanding, weighted-average grant date fair value ($ per share)	$ 12.62	$ 0
Granted ($ per share)	12.61
Forfeited ($ per share)	$ 12.57

Stock Plan - Fair Value Assumpt

Stock Plan - Fair Value Assumptions, Options and Earn-out Shares (Details) - $ / shares	2 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021
Common stock options outstanding
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum (percent)		38.50%
Expected volatility, maximum (percent)		44.90%
Risk-free interest rate, minimum (percent)		0.30%
Risk-free interest rate, maximum (percent)		1.50%
Expected dividend yield (percent)		0.00%
Common stock options outstanding | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term		5 years 6 months
Common stock options outstanding | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term		6 years 1 month 6 days
Earn-out Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility, minimum (percent)	40.00%
Expected volatility, maximum (percent)	55.00%
Risk-free interest rate, minimum (percent)	0.80%
Risk-free interest rate, maximum (percent)	1.10%
Expected dividend yield (percent)	0.00%
Earn-out Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	5 years 3 months 18 days
Current stock price ($ per share)	$ 13.93
Earn-out Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term	5 years 6 months
Current stock price ($ per share)	$ 19.11

Stock Plan - Stock-based Compen

Stock Plan - Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation, net of amounts capitalized	$ 30,738	$ 630	$ 31,997	$ 1,794
Capitalized stock-based compensation	1,332	34	1,526	115
Total stock-based compensation	32,070	664	33,523	1,909
Costs of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation, net of amounts capitalized	978	28	1,040	78
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation, net of amounts capitalized	6,695	164	6,929	485
Selling, general, and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation, net of amounts capitalized	$ 23,065	$ 438	$ 24,028	$ 1,231

Net Income (Loss) Attributabl_2

Net Income (Loss) Attributable to Common Stockholders (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Sep. 30, 2021USD ($)$ / sharesshares	Sep. 30, 2020USD ($)$ / sharesshares	Jul. 22, 2021	Jul. 21, 2021
Earnings Per Share [Abstract]
Recapitalization exchange ratio									4.1193	4.1193
Numerator :
Net income (loss) attributable to common stockholders	$ (167,989)	$ (6,209)	$ (2,872)	$ 906	$ (3,690)	$ (8,108)	$ (177,070)	$ (10,892)
Less: Income allocated to preferred stockholders	0			(906)			0	0
Net income (loss) attributable to common stockholders, basic	(167,989)			0			(177,070)	(10,892)
Less: Income allocated to preferred stockholders, diluted	0			(906)			0	0
Net income (loss) available to common stockholders, diluted	$ (167,989)			$ 0			$ (177,070)	$ (10,892)
Denominator:
Weighted average shares used in computing net loss per share attributable to common stockholders, basic (shares) | shares	196,478			32,552			93,061	32,334
Weighted average shares used in computing net loss per share attributable to common stockholders, diluted (shares) | shares	196,478			32,552			93,061	32,334
Net income (loss), basic ($ per share) | $ / shares	$ (0.86)			$ 0			$ (1.90)	$ (0.34)
Net income (loss), diluted ($ per share) | $ / shares	$ (0.86)			$ 0			$ (1.90)	$ (0.34)

Net Loss Attributable to Comm_2

Net Loss Attributable to Common Stockholders - Antidilutive Securities (Details) - shares	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common stock equivalents	81,671,000	180,349,000
Public Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common stock equivalents	6,900,000	0
Private Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common stock equivalents	4,450,000	0
Earn-out Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common stock equivalents	23,460,000	0
Redeemable convertible preferred stock, all series
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common stock equivalents	0	126,409,000
Warrants to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common stock equivalents	0	1,081,000
Common stock options outstanding
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common stock equivalents	43,131,000	52,859,000
Unvested RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common stock equivalents	3,730,000	0

Related Party Disclosures (Deta

Related Party Disclosures (Details) - 2020 Notes - Convertible Notes $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Related Party Transaction [Line Items]
Proceeds from issuance of convertible notes	$ 8,500
Stated interest rate (percent)	5.00%
Affiliated Entity
Related Party Transaction [Line Items]
Proceeds from issuance of convertible notes	$ 8,500
Stated interest rate (percent)	5.00%
DCM VI, L.P. | Affiliated Entity
Related Party Transaction [Line Items]
Proceeds from issuance of convertible notes	$ 400,000
Lux Co-Invest Opportunities, L.P. | Affiliated Entity
Related Party Transaction [Line Items]
Proceeds from issuance of convertible notes	2,000
QUALCOMM Ventures LLC | Affiliated Entity
Related Party Transaction [Line Items]
Proceeds from issuance of convertible notes	$ 1,000,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
United States | Other Postretirement Benefits Plan
Defined Contribution Plan Disclosure [Line Items]
Discretionary matching contribution				$ 0.2
United Kingdom | Pension Plan
Defined Contribution Plan Disclosure [Line Items]
Discretionary matching contribution	$ 0.1	$ 0.1	$ 0.2	$ 0.1