SmartRent (SMRT) 10-Q 11 Aug 22 2022 Q2 Quarterly report Financial data

COVER

COVER - shares	6 Months Ended
	Jun. 30, 2022	Aug. 09, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001837014
Entity File Number	001-39991
Entity Registrant Name	SMARTRENT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-4218526
Entity Address, Address Line One	8665 E. Hartford Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85255
City Area Code	844
Local Phone Number	479-1555
Title of 12(b) Security	Class A Common Stock, $0.0001 par value
Trading Symbol	SMRT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		197,737,577

UNAUDITED CONDENSED BALANCE SHE

UNAUDITED CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 255,008,000	$ 430,841,000
Restricted cash, current portion	7,660,000	1,268,000
Accounts receivable, net	45,135,000	45,486,000
Inventory	59,235,000	33,208,000
Deferred cost of revenue, current portion	11,345,000	7,835,000
Prepaid expenses and other current assets	11,047,000	17,369,000
Total current assets	389,430,000	536,007,000
Property and equipment, net	1,899,000	1,874,000
Deferred cost of revenue	21,708,000	18,334,000
Goodwill	117,889,000	12,666,000
Intangible assets, net	33,214,000	3,590,000
Other long-term assets	11,667,000	7,212,000
Total assets	575,807,000	579,683,000
Current liabilities
Accounts payable	14,774,000	6,149,000
Accrued expenses and other current liabilities	23,045,000	22,234,000
Deferred revenue, current portion	65,108,000	42,185,000
Total current liabilities	102,927,000	70,568,000
Deferred revenue	60,337,000	53,412,000
Other long-term liabilities	7,935,000	6,201,000
Total liabilities	171,199,000	130,181,000
Commitments and contingencies (Note 12)
Convertible preferred stock, $0.0001 par value; 50,000 and 50,000 shares authorized as of June 30, 2022 and December 31, 2021; no shares of preferred stock issued and outstanding as of June 30, 2022 and December 31, 2021
Stockholders' equity
Common stock, $0.0001 par value; 500,000 shares authorized as of June 30, 2022 and December 31, 2021, respectively; 194,070 and 193,864 shares issued and outstanding as of June 30, 2022 and December 31, 2021	20,000	19,000
Additional paid-in capital	608,755,000	604,077,000
Accumulated deficit	(203,586,000)	(154,603,000)
Accumulated other comprehensive income	(581,000)	9,000
Total stockholders' equity	404,608,000	449,502,000
Total liabilities, convertible preferred stock and stockholders' equity	$ 575,807,000	$ 579,683,000

UNAUDITED CONDENSED BALANCE S_2

UNAUDITED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Convertible preferred stock, par value	$ 0.0001	$ 0.0001
Convertible preferred stock, authorized	50,000,000	50,000,000
Convertible preferred stock, issued	0	0
Convertible preferred stock, outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	197,502,000	193,864,000
Common stock, shares outstanding	197,502,000	193,864,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue
Total revenue	$ 42,409	$ 21,677	$ 79,768	$ 40,837
Cost of revenue
Total cost of revenue	41,421	21,394	83,524	40,968
Operating expense
Research and development	8,030	4,083	14,476	7,176
Sales and marketing	6,139	2,392	11,301	4,146
General and administrative	13,832	3,806	25,783	7,763
Total operating expense	28,001	10,281	51,560	19,085
Loss from operations	(27,013)	(9,998)	(55,316)	(19,216)
Interest income (expense), net	253	(64)	241	(142)
Other income, net	162	52	276	127
Loss before income taxes	(26,598)	(10,010)	(54,799)	(19,231)
Income tax benefit (expense)	1,009	(41)	5,816	(87)
Net loss	(25,589)	(10,051)	(48,983)	(19,318)
Other comprehensive loss
Foreign currency translation adjustment	(407)	63	(590)	(65)
Comprehensive loss	$ (25,996)	$ (9,988)	$ (49,573)	$ (19,383)
Net loss per common share
Net loss per common share basic	$ (0.13)	$ (4.87)	$ (0.25)	$ (1.99)
Net loss per common share diluted	$ (0.13)	$ (4.87)	$ (0.25)	$ (1.99)
Weighted-average number of shares used in computing net loss per share basic	195,693	2,064	194,381	9,721
Weighted-average number of shares used in computing net loss per share diluted	195,693	2,064	194,381	9,721
Hardware
Revenue
Total revenue	$ 20,895	$ 14,029	$ 43,009	$ 26,427
Cost of revenue
Total cost of revenue	20,951	12,514	42,809	24,657
Professional Services
Revenue
Total revenue	9,123	3,564	16,032	7,165
Cost of revenue
Total cost of revenue	14,115	6,274	29,282	11,734
Hosted Services
Revenue
Total revenue	12,391	4,084	20,727	7,245
Cost of revenue
Total cost of revenue	$ 6,355	$ 2,606	$ 11,433	$ 4,577

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Previously Reported [Member]	Convertible Preferred Stock	Convertible Preferred Stock Previously Reported [Member]	Common Stock	Common Stock Previously Reported [Member]	Additional Paid-in Capital	Additional Paid-in Capital Previously Reported [Member]	Accumulated Deficit	Accumulated Deficit Previously Reported [Member]	Accumulated other comprehensive income	Accumulated other comprehensive income Previously Reported [Member]
Balance at the beginning at Dec. 31, 2020	$ (78,250)	$ (78,250)					$ 4,157	$ 4,157	$ (82,642)	$ (82,642)	$ 235	$ 235
Balance (in Shares) at Dec. 31, 2020					10,376,000	2,124,000
Balance at the beginning at Dec. 31, 2020			$ 111,432	$ 111,432
Balance (in Shares) at Dec. 31, 2020			104,822,000	21,458,000
Retroactive application of exchange ratio, Shares at Dec. 31, 2020				83,364,000		8,252,000
Stock-based compensation	427						427
Issuance of Series C Convertible Preferred Stock (in Shares)			16,404,000
Issuance of Series C Convertible Preferred Stock			$ 34,793
Common stock warrants issued to customers as consideration	22						22
Common stock warrants related to marketing expense	210						210
Exercise of warrants	5						5
Exercise of warrants (in Shares)					2,457
Net loss	(9,267)								(9,267)
Other comprehensive income (loss)	(128)										(128)
Balance at the end at Mar. 31, 2021	(86,981)						4,821		(91,909)		107
Balance (in Shares) at Mar. 31, 2021					12,833
Balance at the end at Mar. 31, 2021			$ 146,225
Balance (in Shares) at Mar. 31, 2021			121,226
Balance at the beginning at Dec. 31, 2020	(78,250)	$ (78,250)					4,157	$ 4,157	(82,642)	$ (82,642)	235	$ 235
Balance (in Shares) at Dec. 31, 2020					10,376,000	2,124,000
Balance at the beginning at Dec. 31, 2020			$ 111,432	$ 111,432
Balance (in Shares) at Dec. 31, 2020			104,822,000	21,458,000
Retroactive application of exchange ratio, Shares at Dec. 31, 2020				83,364,000		8,252,000
Net loss	(19,318)
Balance at the end at Jun. 30, 2021	(96,374)						5,416		(101,960)		170
Balance (in Shares) at Jun. 30, 2021					12,833
Balance at the end at Jun. 30, 2021			$ 146,225
Balance (in Shares) at Jun. 30, 2021			121,226
Balance at the beginning at Mar. 31, 2021	(86,981)						4,821		(91,909)		107
Balance (in Shares) at Mar. 31, 2021					12,833
Balance at the beginning at Mar. 31, 2021			$ 146,225
Balance (in Shares) at Mar. 31, 2021			121,226
Stock-based compensation	428						428
Common stock warrants issued to customers as consideration	18						18
Common stock warrants related to marketing expense	149						149
Net loss	(10,051)								(10,051)
Other comprehensive income (loss)	63										63
Balance at the end at Jun. 30, 2021	(96,374)						5,416		(101,960)		170
Balance (in Shares) at Jun. 30, 2021					12,833
Balance at the end at Jun. 30, 2021			$ 146,225
Balance (in Shares) at Jun. 30, 2021			121,226
Balance at the beginning at Dec. 31, 2021	449,502				$ 19		604,077		(154,603)		9
Balance (in Shares) at Dec. 31, 2021					193,864,000
Balance at the beginning at Dec. 31, 2021
Balance (in Shares) at Dec. 31, 2021	0
Stock-based compensation	$ 3,523						3,523
Common stock warrants issued to customers as consideration	2						2
Common stock warrants related to marketing expense	217						217
Reverse recapitalization, net of transaction costs	(70)						(70)
Exercise of options	62						62
Number of Options, Exercised					131,000
ESPP Purchases	488						488
ESPP Purchases (in shares)					75,000
Net loss	(23,394)								(23,394)
Other comprehensive income (loss)	(183)										(183)
Balance at the end at Mar. 31, 2022	430,147				$ 19		608,299		(177,997)		(174)
Balance (in Shares) at Mar. 31, 2022					194,070,000
Balance at the beginning at Dec. 31, 2021	449,502				$ 19		604,077		(154,603)		9
Balance (in Shares) at Dec. 31, 2021					193,864,000
Balance at the beginning at Dec. 31, 2021
Balance (in Shares) at Dec. 31, 2021	0
Net loss	$ (48,983)
Balance at the end at Jun. 30, 2022	404,608				$ 20		608,755		(203,586)		(581)
Balance (in Shares) at Jun. 30, 2022					197,502,000
Balance at the end at Jun. 30, 2022
Balance (in Shares) at Jun. 30, 2022	0
Balance at the beginning at Mar. 31, 2022	$ 430,147				$ 19		608,299		(177,997)		(174)
Balance (in Shares) at Mar. 31, 2022					194,070,000
Stock-based compensation	3,823						3,823
Tax withholdings related to net share settlement of equity awards	(3,389)						(3,389)
Tax withholdings related to net share settlement of equity awards, (in Shares)					(658,000)
Issuance of common stock upon vesting of equity awards	1				$ 1
Issuance of common stock upon vesting of equity awards ,(in Shares)					2,151,000
Common stock warrants issued to customers as consideration	19						19
Number of Options, Exercised					70,000
Net settlement related to exercise of options, (in Shares)					(5,000)
Exercise of warrants	3						3
Exercise of warrants (in Shares)					1,874,000
Net loss	(25,589)								(25,589)
Other comprehensive income (loss)	(407)										(407)
Balance at the end at Jun. 30, 2022	404,608				$ 20		$ 608,755		$ (203,586)		$ (581)
Balance (in Shares) at Jun. 30, 2022					197,502,000
Balance at the end at Jun. 30, 2022
Balance (in Shares) at Jun. 30, 2022	0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (48,983)	$ (19,318)
Adjustments to reconcile net loss to net cash used by operating activities
Depreciation and amortization	1,636	173
Amortization of debt discount		4
Non-employee warrant expense	238	399
Provision for warranty expense		170
Non-cash lease expense	648	218
Stock-based compensation related to acquisition	401	402
Stock-based compensation	6,945	453
Compensation expense related to acquisition	2,109
Deferred tax benefit	(5,889)
Non-cash interest expense	41
Provision for excess and obsolete inventory	16	115
Provision for doubtful accounts		(27)
Change in operating assets and liabilities
Accounts receivable	1,493	(6,215)
Inventory	(26,197)	(4,294)
Deferred cost of revenue	(6,884)	(4,185)
Prepaid expenses and other assets	4,027	(7,826)
Accounts payable	8,800	2,436
Accrued expenses and other liabilities	(3,676)	(2,114)
Deferred revenue	29,091	21,158
Lease liabilities	(496)	(233)
Net cash used in operating activities	(36,680)	(18,684)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(470)	(340)
Net cash used in investing activities	(129,423)	(340)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on term loan		(834)
Proceeds from warrant exercise	3	5
Proceeds from options exercise	62
Proceeds for ESPP purchases	488
Taxes paid related to net share settlements of stock-based compensation awards	(3,389)
Convertible preferred stock issued		34,793
Payments from business combination and private offering	(70)
Net cash (used in) provided by financing activities	(2,906)	33,964
Effect of exchange rate changes on cash and cash equivalents	(432)	(24)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(169,441)	14,916
Cash, cash equivalents, and restricted cash - beginning of period	432,604	38,618
Cash, cash equivalents, and restricted cash - end of period	263,163	53,534
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents	255,008	53,534
Restricted cash, current portion	7,660
Restricted cash, included in other long-term assets	495
Total cash, cash equivalents, and restricted cash	263,163	53,534
Supplemental disclosure of cash flow information
Interest paid		137
Cash paid for income taxes	49	65
Schedule of non-cash investing and financing activities
Accrued property and equipment at period end	71	$ 278
Acquisition consideration held in escrow	850
SightPlan
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition, net of cash acquired	$ (128,953)

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	NOTE 1. DESCRIPTION OF BUSINESS SmartRent is an enterprise real estate technology company that provides comprehensive management software and applications designed for property owners, managers and residents. Its suite of products and services, which includes both smart building hardware and cloud-based software-as-a-service ("SaaS") solutions, provides seamless visibility and control over real estate assets. The Company’s platform lowers operating costs, increases revenues, mitigates operational friction and protects assets for owners and operators, while providing a differentiated, elevated living experience for residents. The Company is headquartered in Scottsdale, Arizona. SmartRent, Inc., and its wholly owned subsidiaries, (collectively the “Company”) formerly known as Fifth Wall Acquisition Corp. I ( “ FWAA ” ), was originally incorporated in Delaware on November 23, 2020, as a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more target businesses. On February 9, 2021, the Company consummated its initial public offering (the “ IPO ” ), following which its shares began trading on the Nasdaq National Market (“Nasdaq”). On April 21, 2021, FWAA entered into an Agreement and Plan of Merger (as amended, the “Merger Agreement”) with SmartRent.com, Inc. (“Legacy SmartRent”) and Einstein Merger Corp. I, a wholly owned subsidiary of FWAA (“Merger Sub”). On August 24, 2021, the transactions contemplated by the Merger Agreement (the “ Business Combination ” ) were consummated. In connection with the closing of the Business Combination, FWAA changed its name to SmartRent, Inc. and its shares began trading on the New York Stock Exchange (“NYSE”) under the symbol “SMRT.” As a result of the Business Combination, SmartRent, Inc. became the owner, directly or indirectly, of all of the equity interests of Legacy SmartRent and its subsidiaries. The Business Combination The Company entered into the Merger Agreement in April 2021 and consummated the Business Combination in August 2021. Upon the closing of the Business Combination, Merger Sub merged with and into Legacy SmartRent, with Legacy SmartRent continuing as the surviving company and changing its name to “SmartRent Technologies, Inc.” In connection with the consummation of the Business Combination, the Company changed its name from “Fifth Wall Acquisition Corp. I” to “SmartRent, Inc.” and changed its trading symbol and securities exchange from “FWAA” on Nasdaq to “SMRT” on the NYSE. Upon the closing of the Business Combination, the Company's certificate of incorporation was amended and restated to, among other things, increase the total number of authorized shares of capital stock to 550,000 shares, of which 500,000 shares were designated common stock, $ 0.0001 par value per share, and of which 50,000 shares were designated preferred stock, $ 0.0001 par value per share. Upon consummation of the Business Combination, each share of Legacy SmartRent convertible preferred stock and common stock issued and outstanding was canceled and converted into the right to receive approximately 4.8846 shares (the “Exchange Ratio”) of the Company’s Class A common stock, par value $ 0.0001 per share (“Common Stock”). Outstanding stock options and restricted stock units ("RSUs"), whether vested or unvested, to purchase or receive shares of Legacy SmartRent common stock granted under the 2018 Stock Plan (see Note 8) converted into stock options and RSUs to purchase shares of the Company’s Common Stock upon the same terms and conditions that were in effect with respect to such stock options and RSUs immediately prior to the Business Combination, after giving effect to the Exchange Ratio. Outstanding warrants, whether vested or unvested, to purchase shares of Legacy SmartRent common stock (see Note 7) converted into warrants for shares of the Company’s Common Stock upon the same terms and conditions that were in effect with respect to such warrants immediately prior to the Business Combination, after giving effect to the Exchange Ratio. In connection with the Business Combination, • Holders of less than one thousand shares of FWAA’s Class A Common Stock sold in its initial public offering (the “Initial Shares”) properly exercised their right to have such shares redeemed for a full pro rata portion of the trust account holding the proceeds from FWAA’s initial public offering, calculated as of two business days prior to the consummation of the Business Combination. Each such share was redeemed for approximately $ 10.00 per share, or $ 2 in the aggregate; • The shares of FWAA Class B Common Stock held by Fifth Wall Acquisition Sponsor, LLC (“Sponsor”) and FWAA’s independent directors automatically converted to 8,625 shares of Common Stock; and, • Pursuant to subscription agreements entered into in connection with the Merger Agreement (collectively, the “Subscription Agreements”), certain investors purchased an aggregate of 15,500 newly-issued shares of Common Stock at a purchase price of $ 10.00 per share for an aggregate purchase price of $ 155,000 (the “PIPE Investment”). At the closing of the Business Combination, the Company consummated the PIPE Investment. The Company incurred direct and incremental costs of approximately $ 55,981 in connection with the Business Combination and the related equity issuance, consisting primarily of investment banking, legal, accounting, and other professional fees, which were recorded to additional paid-in capital as a reduction of proceeds. The Company accounted for this transaction as a reverse merger in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Under this method of accounting, FWAA was treated as the “acquired” company for financial reporting purposes. See Note 2 "Significant Accounting Policies" for further details. Accordingly, for accounting purposes, the Business Combination was treated as the equivalent of Legacy SmartRent issuing stock for the net assets of FWAA, accompanied by a recapitalization. The net assets of FWAA are stated at historical cost, with no goodwill or intangible assets recorded. Prior to the Business Combination, Legacy SmartRent and FWAA filed separate standalone federal, state, and local income tax returns. As a result of the Business Combination, SmartRent, Inc. will file a consolidated income tax return. For legal purposes, FWAA acquired Legacy SmartRent, and the transaction represents a reverse acquisition for federal income tax purposes - SmartRent, Inc. is the parent of the consolidated group with SmartRent Technologies, Inc. as a subsidiary, but in the year of the closing of the Business Combination, the consolidated tax return of SmartRent, Inc. included a full year period for Legacy SmartRent and stub-year for FWAA starting the day after the closing of the Business Combination. FWAA filed a short year return for the period prior to the acquisition. Upon closing of the Business Combination, the Company received gross proceeds of $ 500,628 from the Business Combination and PIPE Investment, offset by offerings costs of $ 55,981 .

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	NOTE 2. SIGNIFICANT ACCOUNTING POLICIES Unaudited Interim Financial Information The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and include the consolidated accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated upon consolidation. The Consolidated Balance Sheet at December 31, 2021 has been derived from the audited consolidated financial statements as of December 31, 2021, as presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on March 25, 2022. Certain notes and other information have been condensed or omitted from the interim financial statements presented herein. The financial data and other information disclosed in these Notes to Consolidated Financial Statements related to the three and six months ended June 30, 2022 and 2021 are unaudited. The unaudited interim financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which are of a normal recurring nature, necessary for a fair statement of the Company’s financial condition and results of operations and cash flows for the interim period presented. The results for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the full year ending December 31, 2022 or any future period. Reclassifications Certain prior period amounts in the condensed consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation, including the reclassification of intangible assets, net from other long-term assets to a separate line on the Consolidated Balance Sheets. Foreign Currency SmartRent, Inc.'s functional and reporting currency is United States Dollars (“USD”) and its foreign subsidiary has a functional currency other than USD. Financial position and results of operations of the Company's international subsidiaries are measured using local currencies as the functional currency. Assets and liabilities of these operations are translated at the exchange rates in effect at the end of each reporting period. The Company's international subsidiaries statements of operations accounts are translated at the weighted-average rates of exchange prevailing during each reporting period. Translation adjustments arising from the use of differing currency exchange rates from period to period are included in accumulated other comprehensive loss in stockholders’ equity. Gains and losses on foreign currency exchange transactions, as well as translation gains or losses on transactions denominated in currencies other than an entity’s functional currency, are reflected in the Consolidated Statements of Operations and Comprehensive Loss. Liquidity The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and liabilities and commitments in the normal course of business. Management believes that currently available resources will provide sufficient funds to enable the Company to meet its obligations for at least one year past the issuance date of these financial statements. The Company may need to raise additional capital through equity or debt financing to fund future operations until it generates positive operating cash flows. There can be no assurance that such additional equity or debt financing will be available on terms acceptable to the Company, or at all. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expense during the reporting period. These estimates made by management include valuing the Company’s inventories on hand, allowance for doubtful accounts, intangible assets, earnout liabilities, warranty liabilities and certain assumptions used in the valuation of equity awards, including the estimated fair value of common stock warrants, stand-alone selling price of items sold and assumptions used to estimate the fair value of stock-based compensation expense. Actual results could differ materially from those estimates. Impact of COVID-19 The extensive impact caused by the COVID-19 pandemic has resulted and will likely continue to result in significant disruptions to the global economy, as well as businesses and capital markets around the world. In an effort to halt the outbreak of COVID-19, a number of countries, states, and other jurisdictions have imposed, and may impose in the future, various measures, including, but not limited to, voluntary and mandatory quarantines, stay-at-home orders, travel restrictions, limitations on gatherings, reduced operations and extended business closures. The timing of customer orders and the Company’s ability to fulfill orders received was impacted by various COVID-19-related government mandates, resulting in a delay in units sold. The Company has also witnessed certain current and prospective customers delaying purchases based on budget constraints or project delays related to COVID-19. The broader and long-term implications of the COVID-19 pandemic on the Company’s workforce, operations and supply chain, customer demand, results of operations and overall financial performance remain uncertain. The impact of COVID-19, and measures to prevent its spread, have been impactful and continue to affect supply chain. The Company has experienced some production delays as a result of COVID-19, including impacts to the sourcing, manufacturing, and logistics channels. The Company continues to engage with current and potential customers and continues to experience strong demand for its smart home enterprise software solutions. The Company believes some customers may continue to delay purchases because their development programs may also be delayed as a result of COVID-19. The Business Combination The Business Combination is accounted for as a reverse recapitalization as Legacy SmartRent was determined to be the accounting acquirer. The determination is primarily based on the evaluation of the following facts and circumstances: • the equity holders of Legacy SmartRent hold the majority of voting rights in the Company; • the board of directors of Legacy SmartRent represent a majority of the members of the board of directors of the Company or were appointed by Legacy SmartRent; • the senior management of Legacy SmartRent became the senior management of the Company; and • the operations of Legacy SmartRent comprise the ongoing operations of the Company. In connection with the Business Combination, outstanding capital stock of Legacy SmartRent was converted into Common Stock of the Company, par value $ 0.0001 per share, representing a recapitalization, and the net assets of the Company were acquired at historical cost, with no goodwill or intangible assets recorded. Legacy SmartRent was deemed to be the predecessor of the Company, and the consolidated assets and liabilities and results of operations prior to the Closing Date are those of the Legacy SmartRent. The shares and corresponding capital amounts and net loss per share available to common stockholders, prior to the Business Combination, have been retroactively restated as shares reflecting the Exchange Ratio. Acquisitions In March 2022, the Company purchased all of the outstanding equity interests of SightPlan Holdings, Inc. ("SightPlan") in an acquisition that meets the definition of a business combination, for which the acquisition method of accounting was used (see Note 13). The acquisition was recorded on the date that the Company obtained control over the acquired business. The consideration paid was determined on the acquisition date and the acquisition-related costs, such as professional fees, were excluded from the consideration transferred and were recorded as expense in the period incurred. Assets acquired and liabilities assumed by the Company were recorded at their estimated fair values, while goodwill was measured as the excess of the consideration paid over the fair value of the net identifiable assets acquired and liabilities assumed. In December 2021, the Company purchased all of the outstanding equity interests of iQuue, LLC (“iQuue”) in an acquisition that meets the definition of a business combination, for which the acquisition method of accounting was used (see Note 13). The acquisition was recorded on the date that the Company obtained control over the acquired business. The consideration paid was determined on the acquisition date and the acquisition-related costs, such as professional fees, were excluded from the consideration transferred and were recorded as expense in the period incurred. Assets acquired and liabilities assumed by the Company were recorded at their estimated fair values, while goodwill was measured as the excess of the consideration paid over the fair value of the net identifiable assets acquired and liabilities assumed. Net Loss Per Share Attributable to Common Stockholders The Company follows the two-class method to include the dilutive effect of securities that participated in dividends, if and when declared, when computing net income per common share. The two-class method determines net income per common share for each class of common stock and participating securities according to dividends, if and when declared or accumulated and participation rights in undistributed earnings. The two-class method requires income available to common stockholders for the period to be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. The anti-dilutive effect of potentially dilutive securities is excluded from the computation of net loss per share because inclusion of such potentially dilutive shares on an as-converted basis would have been anti-dilutive. The Company’s participating securities included convertible preferred stock, as the holders were entitled to receive noncumulative dividends on a pari passu basis in the event that a dividend is paid on common stock. The Company also considers any unvested common shares subject to repurchase to be participating securities because holders of such shares have non-forfeitable dividend rights in the event a dividend is paid on common stock. The holders of convertible preferred stock, as well as the holders of unvested common shares subject to repurchase, do not have a contractual obligation to share in losses. In conjunction with the Business Combination all convertible preferred stock converted to common stock. Basic net loss per share attributable to common stockholders is calculated by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, adjusted for outstanding shares that are subject to repurchase and any shares issuable by the exercise of warrants for nominal consideration. Diluted net loss per share is computed by giving effect to all potentially dilutive securities outstanding for the period using the treasury stock method or the if-converted method based on the nature of such securities. For periods in which the Company reports a net loss, the diluted net loss per common share attributable to common stockholders is the same as basic net loss per common share attributable to common stockholders, because inclusion of such potentially dilutive shares on an as-converted basis would have been anti-dilutive. Cash and Cash Equivalents The Company considers financial instruments with an original maturity of three months or less to be cash and cash equivalents. The Company maintains cash and cash equivalents at multiple financial institutions, and, at times, these balances exceed federally insurable limits. As a result, there is a concentration of credit risk related to amounts on deposit. The Company believes any risks are mitigated through the size and security of the financial institution at which our cash balances are held. Restricted Cash The Company considers cash to be restricted when withdrawal or general use is legally restricted. The Company reports the current portion of restricted cash as a separate item in the Consolidated Balance Sheets and the non-current portion is a component of other long-term assets in the Consolidated Balance Sheets. The Company determines current or non-current classification based on the expected duration of the restriction. Accounts Receivable, net Accounts receivable consist of balances due from customers resulting from the sale of hardware, professional services and hosted services. Accounts receivable are recorded at invoiced amounts, are non-interest bearing and are presented net of the associated allowance for doubtful accounts on the Consolidated Balance Sheets. The allowance for doubtful accounts totaled $ 357 as of both June 30, 2022, and December 31, 2021 . The provision for doubtful accounts is recorded in general and administrative expenses in the accompanying Consolidated Statements of Operations and Comprehensive Loss; there was no provision recorded for the three and six months ended June 30, 2022, respectively. The provision for doubtful accounts totaled $ ( 42 ) and $ ( 27 ) for the three and six months ended June 30, 2021 , respectively. There were no write-offs of accounts receivable deemed uncollectable for the three and six months ended June 30, 2022 and 2021 . The Company evaluates the collectability of the accounts receivable balances and has determined the allowance for doubtful accounts based on a combination of factors, which include the nature of relationship and the prior experience the Company has with the account and an evaluation for current and projected economic conditions as of the Consolidated Balance Sheets date. Accounts receivable determined to be uncollectible are charged against the allowance for doubtful accounts. Actual collections of accounts receivable could differ from management’s estimates. Significant Customers A significant customer represents 10 % or more of the Company’s total revenue or net accounts receivable balance at each respective Consolidated Balance Sheet date. The significant customers of the Company are also limited partners of an investor in the Company with approximatel y 16 % and 22 % ownership as of June 30, 2022 and December 31, 2021 respectively. The investor does not exert control or influence on these limited partners and, as such these limited partners do not meet the definition of related parties of the Company. Revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable for each significant customer follows. Accounts Receivable Revenue As of For the three months ended For the six months ended June 30, 2022 December 31, 2021 June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Customer A 18 % * 18 % 18 % 19 % 27 % Customer B * 15 % * * * * Customer C * * 11 % * 14 % * Customer D 11 % * * * * * * Total less than 10% for the respective period Goodwill Goodwill represents the excess of cost over net assets of the Company's completed business combinations. The Company tests for potential impairment of goodwill on an annual basis in November to determine if the carrying value is less than the fair value. The Company will conduct additional tests between annual tests if there are indications of potential g oodwill impairment. Qualitative factors are considered first to determine if performing a quantitative test is necessary. No goodwill impairment has been recorded as of June 30, 2022 . Intangible Assets The Company recorded intangible assets with finite lives, including customer relationships and developed technology, as a result of the iQuue and SightPlan acquisitions. Intangible assets are amortized on a straight-line basis based on their estimated useful lives. The estimated useful life of these intangible assets are as follow s. Estimated useful life (in years) Trade name 5 Customer relationships 10 - 13 Developed technology 1 - 7 Warranty Allowance The Company provides its customers with limited service warranties associated with product replacement and related services. The warranty typically lasts one year following the installation of the product. The estimated warranty costs, which are expensed at the time of sale and included in hardware cost of revenue, are based on the results of product testing, industry and historical trends and warranty claim rates incurred and are adjusted for identified current or anticipated future trends as appropriate. Actual warranty claim costs could differ from these estimates. For the three months ended June 30, 2022 and 2021, warranty expense included in cost of hardware revenue was $ 373 and $ 80 , respectively. For the six months ended June 30, 2022 and 2021, warranty expense included in cost of hardware revenue was $ 657 and $ 388 , respectively. As of June 30, 2022, and December 31, 2021, the Company’s warranty allowance was $ 3,587 and $ 6,106 , respectively. During the year ended December 31, 2020, the Company identified a deficiency with batteries contained in certain hardware sold and has included an estimate of the expected cost to remove these batteries, which were acquired from one supplier, in its warranty allowance. During the year ended December 31, 2021, the Company identified additional deficient batteries, and while the number of deficient batteries is less than one percent of the total number of all batteries deployed, the Company has elected to replace such batteries from previously deployed hardware devices. As of June 30, 2022, and December 31, 2021, $ 2,213 and $ 4,732 , respectively, is included in the Company’s warranty allowance related to the remaining cost of replacement for this identified battery deficiency. Convertible Preferred Stock The Company assessed the provisions of Legacy SmartRent’s convertible preferred stock including redemption rights, dividends and voting rights to determine the appropriate classification. The Company determined that Legacy SmartRent’s shares of convertible preferred stock are appropriately classified as mezzanine equity because they were contingently redeemable into cash upon the occurrence of an event not solely within Legacy SmartRent’s control. When it is probable that a convertible preferred share will become redeemable, adjustments are recorded to adjust the carrying values. No such adjustments have been recorded during the three or six months ended June 30, 2022 or year ended December 31, 2021 . As a result of the Business Combination, each share of Legacy SmartRent convertible preferred stock and common stock was converted into the right to receive approximately 4.8846 shares of the Company’s Common Stock. Refer to Note 7, Convertible Preferred Stock and Equity . Fair Value of Financial Instruments Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities subject to on-going fair value measurement are categorized and disclosed into one of three categories depending on observable or unobservable inputs employed in the measurement. These two types of inputs have created the following fair value hierarchy. Level 1: Quoted prices in active markets that are accessible at the measurement date for assets and liabilities. Level 2: Observable prices that are based on inputs not quoted in active markets but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. This hierarchy requires the Company to minimize the use of unobservable inputs and to use observable market data, if available, when determining fair value. The Company recognizes transfers between levels of the hierarchy based on the fair values of the respective financial measurements at the end of the reporting period in which the transfer occurred. There were no transfers between levels of the fair value hierarchy during the three or six months ended June 30, 2022 or year ended December 31, 2021 , respectively. The carrying amounts of the Company’s accounts receivable, accounts payable and accrued and other liabilities approximate their fair values due to their short maturities. Revenue Recognition The Company derives its revenue primarily from sales of systems that consist of hardware devices, professional services and hosted services to assist property owners and property managers with visibility and control over assets, while providing all-in-one home control offerings for residents. Revenue is recorded when control of these products and services is transferred to the customer in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those products and services. The Company may enter into contracts that contain multiple distinct performance obligations. The transaction price for a typical arrangement includes the price for: smart home hardware devices, which devices currently consist of door-locks, thermostats, sensors and light switches; a hub device, represented by either the Alloy Fusion or the Alloy SmartHub; professional services; and a subscription for use of our proprietary software. The Company considers delivery for each of the hardware, professional services and the combination of the Alloy SmartHub device with proprietary software (the “hosted services”) to be separate performance obligations. The Alloy SmartHub device and the software subscription are not sold separately. The hardware performance obligation includes the delivery of smart home hardware devices and the Alloy Fusion device, which provides features that function independently without subscription to the Company’s proprietary software. The professional services performance obligation includes the services to install the hardware. The hosted services performance obligation provides a subscription that allows the customer access to software during the contracted-use term when the promised service is transferred to the customer. Contracts containing the Alloy SmartHub device, which only functions with the subscription to the Company’s proprietary software and related hosting services, are considered a single performance obligation. The Company partners with several manufacturers to offer a range of compatible hardware products for its customers. The Company maintains control of the hardware purchased from manufacturers prior to it being transferred to the customer. The Company has discretion in establishing the price the customer will pay for the good or service. Consequently, the Company is primarily responsible for fulfilling the promise to provide the product and the Company is considered the principal in these arrangements. For each performance obligation identified, the Company estimates the standalone selling price, which represents the price at which the Company would sell the device or service separately. If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price, considering available information such as market conditions, historical pricing data, and internal pricing guidelines related to the performance obligations. The Company then allocates the transaction price among those obligations based on the estimation of the standalone selling price. Payments are received by the Company by credit card, check or automated clearing house (“ACH”) payments and payment terms are determined by individual contracts and generally range from due upon receipt to net 30 days . Taxes collected from customers and remitted to governmental authorities are not included in reported revenue. Payments received from customers in advance of revenue recognition are reported as deferred revenue. We have elected the following practical expedients following the adoption of ASC 606 : • Shipping and handling costs: the Company elected to account for shipping and handling activities that occur after the customer has obtained control of a good as fulfillment activities (i.e., an expense) rather than as a promised service and are recorded as hardware cost of revenue. Amounts billed for shipping and handling fees are recorded as revenue. • Sales tax collected from customers: the Company elected to exclude from the measurement of transaction price all taxes assessed by a government authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by us from a customer. • Measurement of the transaction price: the Company applies the practical expedient that allows for inclusion of the future auto-renewals in the initial measurement of the transaction price. The Company only applies these steps when it is probable that it will collect the consideration to which it is entitled in exchange for the goods or services it transfers to a customer. • Significant financing component: the Company elected not to adjust the promised amount of consideration for the effects of a significant financing component when the period between the transfer of promised goods or services and when the customer pays for the goods or services will be one year or less. Timing of Revenue Recognition is as follows. • Hardware Revenue Hardware revenue results from the direct sale to customers of hardware smart home devices, which devices currently consist of door-locks, thermostats, sensors, and light switches. These smart home devices connect to either the Alloy Fusion or the Alloy SmartHub. The performance obligation for hardware revenue is considered satisfied, and revenue is recognized at a point in time, when the hardware device is shipped to the customer, except for the Alloy SmartHub, which is discussed in “Hosted Services Revenue” below. The Alloy Fusion device provides features that function independently without subscription to our proprietary software, and the performance obligation for hardware revenue is considered satisfied and revenue is recognized at a point in time when the Alloy Fusion hub is shipped to the customer. The Company generally provides a one-year warranty period on hardware devices that are delivered and installed. The cost of the warranty is recorded as a component of cost of hardware revenue. • Professional Services Revenue Professional services revenue results from installing smart home hardware devices, which does not result in significant customization of the product and is generally performed over a period from two to four weeks. Installations can be performed by the Company's employees, contracted out to a third-party with the Company's employees managing the engagement, or the customer can perform the installation themselves. The Company’s professional services contracts are generally arranged on a fixed price basis and revenue is recognized over the period in which the installations are completed. • Hosted Services Revenue Hosted services revenue consists of recurring monthly subscription revenue generated from fees that provide customers’ access to one or more of the Company’s proprietary software applications including access controls, asset monitoring and related services. These subscription arrangements have contractual terms typically ranging from one-month to seven-years and include recurring fixed plan subscription fees. Arrangements with customers do not provide the customer with the right to take possession of the Company’s software at any time. Customers are granted continuous access to the services over the contractual period. Accordingly, fees collected for subscription services are recognized on a straight-line basis over the contract term beginning on the date the subscription service is made available to the customer. Variable consideration is immaterial. The Company also sells the Alloy SmartHub hardware hub device. The Alloy SmartHub device functions only with the subscription to the Company’s proprietary software applications and related hosting services and is sold only on an integrated basis with the subscription to the software. The Company considers the Alloy SmartHub device and hosting services subscription a single performance obligation and therefore defers the recognition of revenue for the hub devices. The Alloy Fusion device operates together with the proprietary software, but also provides features with stand-alone functionality without subscription to the Company’s proprietary software, and the performance obligation for hardware revenue is considered satisfied and revenue is recorded at the point in time when the Alloy Fusion hub is shipped to the customer. When a hub device is included in a contract that does not require a long-term service commitment, the customer obtains a material right to renew the service because purchasing a new device is not required upon renewal. If a contract contains a material right, proceeds are allocated to the material right and recognized over the period of benefit, which is generally four years . Cost of Revenue Cost of revenue consists primarily of direct costs of products and services together with the indirect cost of estimated warranty expense and customer care and support over the life of the service arrangement. • Hardware Cost of hardware revenue consists primarily of direct costs of proprietary products, hardware devices, supplies purchased from third-party providers, and shipping costs together with, indirect costs related to warehouse facilities (including depreciation and amortization of capitalized assets and right-of-use assets), infrastructure costs, personnel-related costs associated with the procurement and distribution of products and warranty expenses together with the indirect cost of customer care and support. • Professional Services Cost of professional services revenue consists primarily of direct costs related to personnel-related expenses for installation and supervision of installation services, general contractor expenses and travel expenses associated with the installation of products and indirect costs that are also primarily personnel-related expenses in connection with training of and ongoing support for customers and residents. • Hosted Services Cost of hosted services revenue consists primarily of the amortization of the direct costs of the hardware hub device consistent with the revenue recognition period noted above in Hosted Services Revenue and infrastructure costs associated with providing software applications together with the indirect cost of customer care and support over the life of the service arrangement. Deferred Cost of Revenue Deferred cost of revenue includes all direct costs included in cost of revenue for hosted services and the hub device that have been deferred to future periods. Research and Development These expenses relate to the research and development of new products and services and enhancements to the Company’s existing product offerings and are expensed as incurred. Advertising Advertising costs are expensed as incurred and recorded as a component of sales and marketing expense. The Company incurred $ 66 and $ 244 of advertising expenses for the three months ended June 30, 2022 and 2021, respectively. The Company incurred $ 140 and $ 400 of advertising expenses for the six months ended June 30, 2022, and 2021 , respectively. Segments The Company has one operating segment and one reportable segment as its chief operating decision maker, who is its Chief Executive Officer, reviews financial information on a consolidated basis for purposes of allocating resources and evaluating financial performance. The Company’s principal operations are in the United States and the Company’s long-lived assets are located primarily within the United States. The Company held $ 5,566 and $ 8,629 of assets outside the United States at June 30, 2022, and December 31, 2021 , respectively. Recent Accounting Guidance Recent Accounting Guidance Not Yet Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments—Credit Losses (Topic 326)” which modifies the measurement of expected credit losses of certain financial instruments. This u

Fair Value Measurements and Fai

Fair Value Measurements and Fair Value of Instruments	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements and Fair Value of Instruments	NOTE 3. FAIR VALUE MEASUREMENTS AND FAIR VALUE OF INSTRUMENTS The following tables display the carrying values and fair values of financial instruments. As of June 30, 2022 As of December 31, 2021 Assets on the Consolidated Balance Sheets Carrying Value Unrealized Fair Carrying Unrealized Losses Fair Cash and cash equivalents Level 1 $ 255,008 $ - $ 255,008 430,841 $ - $ 430,841 Restricted cash Level 1 8,155 - 8,155 1,763 - 1,763 Total $ 263,163 $ - $ 263,163 $ 432,604 $ - $ 432,604 As of June 30, 2022 As of December 31, 2021 Liabilities on the Consolidated Balance Sheets Carrying Fair Carrying Fair Acquisition earnout payment Level 3 5,230 5,230 5,230 5,230 Total liabilities $ 5,230 $ 5,230 $ 5,230 $ 5,230 Earnout payments related to acquisitions are measured at fair value each reporting period using Level 3 unobservable inputs. The changes in the fair value of the Company's Level 3 liabilities for the six months ended June 30, 2022 and year ended December 31, 2021 are as follows. As of June 30, 2022 December 31, 2021 Balance at beginning of period $ 5,230 $ - Fair value of acquisition earnout payment - 5,230 Balance at end of period $ 5,230 $ 5,230 The fair value of the earnout payment is measured on a recurring basis at each reporting date. The following inputs and assumptions were used in the Monte Carlo simulation model to estimate the fair value of the earnout payment as of June 30, 2022 and December 31, 2021. The change in fair value was immaterial, thus, no change to the fair value of the earnout payment was recorded as of June 30, 2022. See Note 13 for more i nformation regarding the earnout payment. As of June 30, 2022 December 31, 2021 Discount Rate 8.30 % 3.50 % Volatility 45.00 % 24.80 %

Revenue and Deferred Revenue

Revenue and Deferred Revenue	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue and Deferred Revenue	NOTE 4. REVENUE AND DEFERRED REVENUE Disaggregation of Revenue In the following tables, revenue is disaggregated by primary geographical market and type of revenue. For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 Revenue by geography United States $ 41,933 $ 21,112 $ 78,380 $ 39,861 International 476 565 1,388 976 Total revenue $ 42,409 $ 21,677 $ 79,768 $ 40,837 For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 Revenue by type Hardware $ 20,895 $ 14,029 $ 43,009 $ 26,427 Professional services 9,123 3,564 16,032 7,165 Hosted services 12,391 4,084 20,727 7,245 Total revenue $ 42,409 $ 21,677 $ 79,768 $ 40,837 Remaining Performance Obligations Advance payments received from customers are recorded as deferred revenue and are recognized upon the completion of related performance obligations over the period of service. Advance payments for the hardware hub device are recorded as deferred revenue and recognized over the average in-service life of the hub. Advance payments received from customers for subscription services are recorded as deferred revenue and recognized over the term of the subscription. A summary of the change in deferred revenue is as follows. For the six months ended June 30, 2022 2021 Deferred revenue balance as of January 1 $ 95,597 $ 53,501 Revenue recognized from balance of deferred revenue ( 6,864 ) ( 3,992 ) Revenue deferred during the period 30,247 18,420 Revenue recognized from revenue originated ( 2,208 ) ( 3,922 ) Deferred revenue balance as of March 31 116,772 64,007 Revenue recognized from balance of deferred revenue ( 11,051 ) ( 3,270 ) Revenue deferred during the period 23,879 17,346 Revenue recognized from revenue originated ( 4,155 ) ( 3,578 ) Deferred revenue balance as of June 30 $ 125,445 $ 74,505 As of June 30, 2022, the Company expects to recognize 61 % of its total deferred revenue within the next 12 months , 17 % of its total deferred revenue between 13 and 36 months, 21 % between 37 and 60 months and 1 % is expected to be recognized beyond five years . Deferred cost of revenue includes all direct costs includ ed in cost of revenue that have been deferred to future periods.

Other Balance Sheet Information

Other Balance Sheet Information	6 Months Ended
	Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]
Other Balance Sheet Information	NOTE 5. OTHER BALANCE SHEET INFORMATION Inventory consisted of the following. June 30, 2022 December 31, 2021 Finished Goods $ 59,102 $ 33,007 Raw Materials 133 201 Total inventory $ 59,235 $ 33,208 We write-down inventory for any excess or obsolete inventories or when we believe that the net realizable value of inventories is less than the carrying value. During the six months ended June 30, 2022, we recorded write-downs of $ 22 , which is a component of hardware cost of revenues on the Consolidated Statements of Operations and Comprehensive Loss. There were no write-downs recorded for the three months ended June 30, 2022. During the three and six months ended June 30, 2021, we recorded write-downs of $ 166 and $ 127 , respectively. Prepaid expenses and other current assets consisted of the following. June 30, 2022 December 31, 2021 Prepaid expenses $ 9,043 $ 15,084 Other current assets 2,004 2,285 Total prepaid expenses and other current assets $ 11,047 $ 17,369 Property and equipment, net consisted of the following. June 30, 2022 December 31, 2021 Computer hardware $ 1,866 $ 1,768 Warehouse and other equipment 488 461 Leasehold improvements 544 284 Furniture and fixtures 161 161 Property and equipment, gross 3,059 2,674 Less: Accumulated depreciation ( 1,160 ) ( 800 ) Total property and equipment, net $ 1,899 $ 1,874 Depreciation expense on all property and equipment was $ 170 and $ 93 during the three months ended June 30, 2022 and 2021, respectively. Depreciation and amortization expense on all property, plant and equipment was $ 360 and $ 173 during the six months ended June 30, 2022 and 2021, respectively. Other long-term assets consisted of the following. June 30, 2022 December 31, 2021 Operating lease - ROU asset, net $ 4,937 $ 2,927 Restricted cash, long-term portion 495 495 Other long-term assets 6,235 3,790 Total other long-term assets $ 11,667 $ 7,212 Intangible assets, net consisted of the following. June 30, 2022 December 31, 2021 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Customer relationships $ 22,990 $ ( 667 ) $ 22,323 $ 3,290 $ - $ 3,290 Developed technology 10,600 ( 554 ) 10,046 300 - 300 Trade name 900 ( 54 ) 845 - - - Total intangible assets, net $ 34,490 $ ( 1,275 ) $ 33,214 $ 3,590 $ - $ 3,590 Amortization expense on all intangible assets was $ 1,056 and $ 1,275 for the three and six months ended June 30, 2022. For the three and six months ended June 30, 2021 , there was no amortization expense recorded as the assets were acquired in December 2021 or thereafter. Accumulated amortization on all intangible assets was $ 1,275 as of June 30, 2022 . There was no accumulated amortization as of December 31, 2021. Total future amortization for finite-lived assets is estimated as follows. Amortization Expense 2022 - Remaining $ 2,092 2023 3,873 2024 3,873 2025 3,873 2026 3,873 Thereafter 15,630 Total $ 33,214 Accrued expenses and other current liabilities consisted of the following. June 30, 2022 December 31, 2021 Accrued compensation costs $ 9,243 $ 6,588 Accrued expenses 3,663 4,559 Warranty allowance 3,587 6,106 Other 6,552 4,981 Total accrued expenses and other current liabilities $ 23,045 $ 22,234

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	NOTE 6. DEBT Term Loan and Revolving Line of Credit Facility In December 2021, the Company entered into a $ 75,000 Senior Revolving Facility with a five-year term (the "Senior Revolving Facility"). The Senior Revolving Facility includes a letter of credit sub-facility in the aggregate availability of $ 10,000 as a sublimit of the Senior Revolving Facility, and a swingline sub-facility in the aggregate availability of $ 10,000 as a sublimit of the Senior Revolving Facility. Proceeds from the Senior Revolving Facility are to be used for general corporate purposes. Amounts borrowed under the Senior Revolving Facility may be repaid and, prior to the Senior Revolving Facility maturity date, reborrowed. The Senior Revolving Facility terminates on the Senior Revolving Facility maturity date in December 2026 , when the principal amount of all advances, the unpaid interest thereon, and all other obligations relating to the Senior Revolving Facility shall be immediately due and payable. The Company has yet to draw on the Senior Revolving Facility as of June 30, 2022. The Company accounted for the cancellation of its previous revolving facility and the issuance of the Senior Revolving Facility as an exchange with the same creditor. As a result, all costs related to entering into the Senior Revolving Facility that are allowed to be deferred are recorded as a deferred asset and included in other assets on the Consolidated Balance Sheets. These costs totaled $ 688 and will be amortized ratably over the five-year term of the Senior Revolving Facility. For the three and six months ended June 30, 2022, the Company recorded $ 51 and $ 78 , respectively, of amortization expense in connection with these costs, which is a component of Interest Expense on the Consolidated Statements of Operations and Comprehensive Loss. Interest rates for draws upon the Senior Revolving Facility are determined by whether the Company elects a secured overnight financing rate loan (“SOFR Loan”) or alternate base rate loan (”ABR Loan”). For SOFR Loans, the interest rate is based upon the forward-looking term rate based on SOFR as published by the CME Group Benchmark Administration Limited (CBA) plus an applicable margin, subject to a floor of 0.00 %. For ABR Loans, the interest rate is based upon the highest of (i) the Prime Rate, (ii) the Federal Funds Effective Rate plus an applicable margin, or (iii) 3.25 %. As of June 30, 2022, the applicable margins for SOFR Loans and ABR Loans under the Senior Revolving Facility were 0.10 % and 0.50 %, re spectively. In addition to paying interest on the outstanding principal balance under the Senior Revolving Facility, the Company is required to pay a facility fee to the lender in respect of the unused commitments thereunder. The facility fee rate is based on the daily unused amount of the Senior Revolving Facility and is one fourth of one percent ( 0.25 %) per annum based on the unused facility amount. The Senior Revolving Facility contains certain customary affirmative and negative covenants and events of default. Such covenants will, among other things, restrict, subject to certain exceptions, the Company’s ability to (i) engage in certain mergers or consolidations, (ii) sell, lease or transfer all or substantially all of the Company’s assets, (iii) engage in certain transactions with affiliates, (iv) make changes in the nature of the Company’s business and our subsidiaries, and (v) incur additional indebtedness that is secured on a pari passu basis with the Senior Revolving Facility. The Senior Revolving Facility also requires the Company, on a consolidated basis with its subsidiaries, to maintain a minimum cash balance. If the minimum cash balance is not maintained, the Company is required to maintain a minimum liquidity ratio. If an event of default occurs, the lender is entitled to take various actions, including the acceleration of amounts due under the Senior Revolving Facility and all actions permitted to be taken by a secured creditor. As of June 30, 2022, and through the date these consolidated financial statements were issued, the Company believes it was in compliance with all financial covenants. The Senior Revolving Facility is collateralized by first priority or equivalent security interests in substantially all the property, rights, and assets of the Company. As of June 30, 2022 and December 31, 2021 , there was no outstanding principal amount under the Senior Revolving Facility. In August 2019, Legacy SmartRent entered into a loan and security agreement for a Credit Facility. The Credit Facility provided $ 15,000 of borrowing capacity and consisted of a $ 10,000 Revolving Facility, which originally matured in August 2021 , but was extended to December 2021 , and a $ 5,000 Term Loan Facility, with a maturity date of November 2023 . The Term Loan Facility was subject to monthly payments of interest, in arrears, accrued on the principal balance of the Term Loan Facility through November 2020 . Thereafter, and continuing through the Term Loan Facility maturity date, the Term Loan Facility was subject to equal monthly payments of principal plus accrued interest. Proceeds from the Credit Facility were used for general corporate purposes. In connection with the Credit Facility, the Company issued warrants (see Note 7) to purchase Legacy SmartRent’s common stock, which were subsequently exercised on September 7, 2021 pursuant to a cashless exercise and resulting in the issuance of 147,911 shares of Common Stock. At the time of issuance, the fair value of the warrants was recorded as additional paid-in capital with a reduction to the carrying value of the Term Loan Facility. The resulting discount from outstanding principal balance of the Term Loan Facility was amortized using the effective interest rate method over the periods to maturity. Amortization of this discount is recorded as interest expense in the accompanying Consolidated Statements of Operations and Comprehensive Loss and Comprehensive Loss. In December 2021, the Credit Facility was cancelled upon the repayment in full of the Term Loan Facility principal and accrued interest. The repayment of the Term Loan Facility was accounted for as an extinguishment of debt.

Convertible Preferred Stock and

Convertible Preferred Stock and Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Convertible Preferred Stock and Equity	NOTE 7. CONVERTIBLE PREFERRED STOCK AND EQUITY Preferred Stock The Company is authorized to issue 50,000 shares of $ 0.0001 par value preferred stock. As discussed in Note 1, the Company has retroactively adjusted the shares issued and outstanding prior to August 24, 2021 to give effect to the Exchange Ratio to determine the number of shares of Common Stock into which they were converted. Prior to the Business Combination, Legacy SmartRent had shares of $ 0.00001 par value Series Seed, Series A, Series B, Series B-1, Series C, and Series C-1 preferred stock outstanding, all of which were convertible into shares of common stock of Legacy SmartRent on a 1:1 basis , subject to certain anti-dilution protections. Upon the closing of the Business Combination, the outstanding shares of preferred stock were converted into Common Stock of the Company based on the Exchange Ratio of approximately 4.8846 . The original issuance price per share of Legacy SmartRent’s authorized, issued and outstanding preferred stock follows as of August 24, 2021. Issue Date Series Shares Shares Issued Original Liquidation March 2018 Seed 4,707 4,707 $ 1.0000 $ 4,707 September 2018 A 4,541 4,541 $ 1.1011 5,000 May 2019 B-1 508 508 $ 4.9767 2,527 May 2019 B 5,425 5,425 $ 6.2209 33,750 March 2020 C-1 761 761 $ 10.0223 7,624 March - May 2020; C 8,874 8,874 $ 10.4236 92,468 24,816 24,816 $ 146,076 Upon the closing of the Business Combination, 24,816 outstanding shares of preferred stock were converted into 121,214 shares of Common Stock at the Exchange Ratio of 4.8846. During the six months ended June 30, 2021, Legacy SmartRent issued an additional 3,358 shares of Series C preferred stock through two tranches that closed in February and March 2021. The Series C preferred stock was issued in exchange for $ 35,000 gross cash proceeds. Expenses in connection with the issuance of the Series C preferred stock were $ 207 , resulting in net cash proceeds of $ 34,793 . Warrants In February 2021, Legacy SmartRent issued 750 warrants to purchase Legacy SmartRent’s common stock as consideration to certain customers. As part of the Business Combination on August 24, 2021, these warrants converted to warrants to purchase 3,663 shares of Common Stock at $ 0.01 per share pursuant to the Exchange Ratio and remain outstanding. The warrants are exercisable upon issuance until their expiration in February 2031 or earlier upon redemption. The number of warrants issued to these customers is dependent on the number of installed units, as defined by the warrant agreements, purchased by the customer. The fair value of the vested portion of the warrants has been recorded as additional paid in capital and contra-revenue on the accompanying Consolidated Balance Sheets and Consolidated Statements of Operations and Comprehensive Loss, respectively. For the three months ended June 30, 2022 and 2021 respectively, the Company recorded $ 19 and $ 18 in the Consolidated Statement of Operations and Comprehensive Loss related to these warrants. For the six months ended June 30, 2022 and 2021 respectively, the Company recorded $ 21 and $ 40 , as contra-revenue in the Consolidated Statement of Operations and Comprehensive Loss related to these warrants. In April 2020, in connection with the closing of the second tranche of the Series C preferred stock, Legacy SmartRent issued a warrant to purchase common stock to an investor who participated in the second tranche closing. The warrant represents compensation paid for marketing services to be provided and was accounted for using stock-based compensation guidance. The warrant vests based on the number of installed units attained over a measurement period, which expires in April 2023 . The variability in the units earned was determined to be a performance condition and did not require classification of the warrant as a liability. Upon vesting, the warrant holder is entitled to purchase 384 fully paid and non-assessable shares of Legacy SmartRent’s common stock at $ 0.01 per share, subject to adjustment pursuant to the warrant. The Company measured the fair value of the warrants using the Black-Scholes-Merton model. As part of the Business Combination on August 24, 2021, these warrants converted to warrants to purchase 1,874 shares of Common Stock pursuant the Exchange Ratio. The remaining warrants fully vested during the three months ended March 31, 2022. The warrants were exercised during the three months ended June 30, 2022. The Company records the associated marketing expense over the service period as the units are installed with an offset to additional paid-in-capital. During the three months ended June 30, 2022, the Company did not recognize sales and marketing expense related to these warrants. During the three months ended June 30, 2021, the Company recognized $ 149 of sales and marketing expense related to these warrants. During the six months ended June 30, 2022 and 2021 respectively, the Company recognized $ 217 and $ 359 of sales and marketing expense related to these warrants. In August 2019, in connection with the Credit Facility (Note 6), Legacy SmartRent issued warrants to purchase common stock of Legacy SmartRent to the lender. The warrants were exercisable upon issuance until their expiration in August 2029 or earlier upon redemption. The holder of the warrants, together with any successor or permitted assignee or transferee, was entitled to purchase 33 fully paid and non-assessable shares of the Legacy SmartRent’s common stock at $ 2.30 per share, subject to adjustment pursuant to the warrant. The fair value of the warrants has been recorded as additional paid in capital and a reduction to the carrying value of the Term Loan Facility. The resulting discount from outstanding principal balance of the Term Loan Facility was being amortized using the effective interest rate method over the periods to maturity. Amortization of this discount was recorded as interest expense. The warrants were exercised during the year ended December 31, 2021 as discussed above (Note 6). In March 2019, Legacy SmartRent issued a warrant to purchase common stock to the purchaser of a $ 2,500 convertible note. The warrant represented compensation paid for marketing services to be provided and was accounted for using stock-based compensation guidance. The warrant vested based on the number of installed units attained over a measurement period, which expired in March 2021. The variability in the units earned was determined to be a performance condition and did not require classification of the warrant as a liability. Upon vesting, the warrant holder was entitled to purchase up to 503 fully paid and non-assessable shares of Legacy SmartRent’s common stock at $ 0.01 per share, subject to adjustment pursuant to the warrant. The Company measured the fair value of the warrant using the Black-Scholes-Merton model. The Company recorded the associated marketing expense over the service period as the units were installed with an offset to additional paid-in-capital. These warrants were exercised by the holder in March 2021, which resulted in 503 shares of common stock being issued by Legacy SmartRent. During the three and six months ended June 30, 2022 and 2021 , no sales and marketing expense related to these warrants is in the accompanying Consolidated Statements of Operations and Comprehensive Loss.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 8. STOCK-BASED COMPENSATION 2018 Stock Plan Legacy SmartRent’s board of directors adopted, and its stockholders approved, the SmartRent.com, Inc. 2018 Stock Plan (the “2018 Stock Plan”), effective March 2018. The purpose of the 2018 Stock Plan was to advance the interests of Legacy SmartRent and its stockholders by providing an incentive to attract, retain and reward persons performing services for Legacy SmartRent and by motivating such persons to contribute to the growth and profitability of Legacy SmartRent. The 2018 Stock Plan seeks to achieve this purpose by providing for awards in the form of options, restricted stock purchase rights or restricted stock bonuses. Awards granted under the 2018 Stock Plan generally expire ten years from the date of grant and become vested and exercisable over a four-year period. All options are subject to certain provisions that may impact these vesting schedules. As part of the Business Combination on August 24, 2021, all awards issued under the 2018 Stock Plan were assumed by the Company and converted to options to purchase Common Stock and RSUs for Common Stock using the Exchange Ratio. Summaries of the Company’s 2018 Stock Plan activity for the six months ended June 30, 2022 is presented below. Options Outstanding Number of Weighted- Weighted Aggregate December 31, 2021 10,457 $ 0.51 7.96 $ - Granted 175 $ 9.58 Exercised ( 131 ) $ 0.47 Cancelled and forfeited ( 326 ) $ 0.47 March 31, 2022 10,175 $ 0.66 7.75 $ - Exercised ( 70 ) $ 0.47 June 30, 2022 10,105 $ 0.67 7.50 Vested options as of June 30, 2022 8,173 $ 0.49 7.30 $ - Amendment to the 2018 Stock Plan In April 2021, the board of directors of Legacy SmartRent executed a unanimous written consent to provide an additional incentive to certain employees of Legacy SmartRent by amending the 2018 Stock Plan to allow for the issuance of RSUs and granted a total of 1,533 RSUs to certain employees which vest over four years . The estimated fair value for each RSU issued was approximately $ 21.55 per share and the total stock-based compensation expense to be amortized over the vesting period is $ 33,033 . As part of the Business Combination on August 24, 2021 these RSUs were assumed by the Company and converted to 7,489 RSUs at a per share fair value of $ 4.41 pursuant to the Exchange Ratio. During the year ended December 31, 2021 , $ 843 of stock compensation expense was recorded for these awards. The outstanding RSUs also contain a liquidity event vesting condition which was satisfied upon closing of the Business Combination. Accordingly, the Company recognized an additional one-time stock-based compensation expense of $ 2,827 in August 2021 as a retroactive catch-up of cumulative stock-based compensation expense for such awards from their original grant dates. 2021 Equity Incentive Plan In connection with the Business Combination, the board of directors approved and implemented the SmartRent, Inc. 2021 Equity Incentive Plan. The purpose of the 2021 Plan is to enhance our ability to attract, retain and motivate persons who make, or are expected to make, important contributions to the Company by providing these individuals with equity ownership opportunities and equity-linked compensation opportunities. The 2021 Plan authorizes the compensation committee to provide incentive compensation in the form of stock options, restricted stock and stock units, performance shares and units, other stock-based awards and cash-based awards. Under the 2021 Plan, the Company is authorized to issue up to 15,500 shares of stock. As part of the Business Combination on August 24, 2021, the RSUs granted in the 2018 Stock Plan were assumed by the Company and converted to 7,489 restricted stock units pursuant to the Exchange Ratio. In August 2021, 354 RSUs were granted to certain executives and the board of directors at a fair value of $ 12.10 . Non-employee board member RSUs will vest either over one year or three years . The RSUs granted to employees are generally subject to a four-year vesting schedule and all vesting shall be subject to the recipient’s continued employment with the Company or its subsidiaries through the applicable vesting dates. I n November 2021, the Company granted 72 RSUs to certain executives pursuant to the 2021 Equity Incentive Plan. These RSUs had a fair value of $ 12.10 at the time of the grant and will vest over four years . During the three months ended March 31, 2022, the Company granted 1,510 RSUs to certain employees pursuant to the 2021 Equity Incentive Plan. These RSUs had a fair value of $ 7.54 at the time of the grant and will vest over four years . During the three months ended June 30, 2022, the Company granted 387 RSUs to certain employees and directors pursuant to the 2021 Equity Incentive Plan. These RSUs had a fair value of $ 4.44 at the time of the grant and will vest over four years . No right to any Common Stock is earned or accrued until such time that vesting occurs, nor does the grant of the RSU award confer any right to continue vesting or employment. Compensation expense associated with the unvested RSUs is recognized on a straight-line basis over the vesting period. During the three and six months ended June 30, 2022 respectively, stock-based compensation expense of $ 3,403 and $ 6,526 was recognized in connection with the vesting of all RSUs. No stock-based compensation expense related the RSUs was recognized during the three and six months ended June 30, 2021. The following table summarizes activity related to the RSUs: Restricted Stock Units Number of Weighted December 31, 2021 7,671 $ 4.98 Granted 1,510 $ 7.54 Cancelled ( 136 ) $ 4.82 March 31, 2022 9,045 $ 5.29 Granted 387 $ 4.44 Vested or distributed ( 2,153 ) $ 4.56 June 30, 2022 7,279 $ 5.43 Employee Stock Purchase Plan The Company has the ability to initially issue up to 2,000 shares of Common Stock under the Employee Stock Purchase Plan ("ESPP"), subject to annual increases effective as of January 1, 2022 and each subsequent January 1 through and including January 1, 2030 in an amount equal to the smallest of (i) 1 % of the number of shares of the Common Stock outstanding as of the immediately preceding December 31, (ii) 2,000 shares or (iii) such amount, if any, as the Board may determine. During the three and six months ended June 30, 2022, stock-based compensation expense of $ 105 and $ 191 was re cognized in connection with the ESPP. No expense related to the ESPP was recognized during the three and six months ended June 30, 2021. Stock-Based Compensation The Company recorded stock-based compensation expense as follows. For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 Research and development $ 933 $ 52 $ 1,814 $ 107 Sales and marketing 590 16 1,129 32 General and administrative 2,300 360 4,403 716 Total $ 3,823 $ 428 $ 7,346 $ 855 During the three and six months ended June 30, 2022, stock-based compensation expense of $ 202 and $ 401 , respectively, was recognized for 844 shares granted in connection with the Zenith Highpoint Inc. ("Zenith") acquisition and are recorded as a component of general and administrative expense. During the three and six months ended June 30, 2021, $ 202 and $ 402 , respectively, of stock-based compensation expense related to these shares was recognized and are recorded as a component of general and administrative expense. As part of the Business Combination on August 24, 2021, these 844 shares converted into 4,123 shares pursuant to the Exchange Ratio. During the three and six months ended June 30, 2022, stock-based compensation expense of $ 113 and $ 228 , respectively, was recognized in connection with the vesting of outstanding options. During the three and six months ended June 30, 2021, stock-based compensation expense of $ 226 and $ 453 , respectively, was recognized in connection with the vesting of outstanding options.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 9. INCOME TAXES The Company’s effective tax rate (ETR) from continuing operations was 3.79 % and 10.61 % for the three and six months ended June 30, 2022 , respectively. The Company's ETR from continuing operations was ( 0.41 %) and ( 0.45 %) for the three and six months ended June 30, 2021, respectively. The Company’s ETR during the three and six months ended June 30, 2022 differed from the federal statutory rate of 21 % primarily due t o changes in valuation allowance and foreign taxes. The Company recorded net deferred tax liabilities during the six months ended June 30, 2022, due to the acquisition of SightPlan. Those net deferred tax liabilities provide a source of taxable income to offset future tax deductions from deferred tax assets, and as a result, management reduced the valuation allowance by $ 5,889 during the six months ended June 30, 2022; $ 1,045 of this reduction was during the three months ended June 30, 2022 due to measurement period adjustments to the SightPlan purchase price accounting (Note 13).

Net Loss Per Share

Net Loss Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	NOTE 10. NET LOSS PER SHARE The following potentially dilutive shares were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because inclusion of the shares on an as-converted basis would have been anti-dilutive. For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 Convertible preferred stock - 121,226 - 121,226 Common stock options and restricted stock units 17,384 18,509 17,384 18,509 Common stock warrants 3,664 161 3,664 161 Shares subject to repurchase 1,374 2,750 1,374 2,750 Total 22,422 142,647 22,422 142,647

Related-Party Transactions

Related-Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related-Party Transactions	NOTE 11. RELATED-PARTY TRANSACTIONS During the six months ended June 30, 2022, the Company incurred marketing expense of $ 217 in connection with the vesting of warrants held by an investor. There was no such marketing expense incurred during the three months ended June 30, 2022. During the three and six months ended June 30, 2021, the Company incurred marketing expense of $ 149 and $ 359 , respectively, in connection with the vesting of warrants held by an investor. The Company incurred consulting expense of $ 20 included in research and development expenses for the six months ended June 30, 2022 , related to services provided by companies in which one of the Company's executives have control or significant influence. There were no related-party expenses incurred during the three months ended June 30, 2022. During the three and six months ended June 30, 2021, the Company incurred consulting expenses from these companies of $ 23 and $ 38 , respectively. On March 22, 2022, the Company purchased all of the outstanding equity interests of SightPlan (see Note 13) . One of our directors, through a personal investment vehicle, held an unsecured convertible promissory note in SightPlan (the “SightPlan Convertible Note”). As consideration for the conversion and cancellation of the SightPlan Convertible Note, the director received $ 458 at the closing of the SightPlan acquisition. The director did not participate in any negotiations, recused himself from all board discussions related to the SightPlan acquisition, and did not vote on the matter. Entities affiliated with RET, which currently hold more than 5 % of the outstanding shares of the Company's Common Stock, held more than 17 % of th e fully diluted shares outstanding of SightPlan (the “RET SightPlan Holdings”). As consideration for the RET SightPlan Holdings, entities affiliated with RET received $ 22,271 at the closing of the SightPlan acquisition. None of the Company's executive officers or directors hold any economic interest in RET and RET does not have a designee on the Company's board of directors. Further, RET did not assist the Company with any negotiations or participate in the Company's board discussions related to the SightPlan acquisition.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 12. COMMITMENTS AND CONTINGENCIES Legal Matters The Company is subject to various legal proceedings and claims that arise in the ordinary course of our business. Liabilities are accrued when it is believed that it is both probable that a liability has been incurred and that the Company can reasonably estimate the amount of the potential loss. The Company does not believe that the outcome of these proceedings or matters will have a material effect on the consolidated financial statements. The Company entered into an agreement with a supplier in April 2020, as further amended in March 2021, to purchase minimum volumes of certain products through August 2022. Due to significant failure rates and other defects, the Company ceased ordering product from this supplier as of December 2020. Despite the Company’s requests, the supplier indicated they are not willing to refund the Company for the malfunctioning products previously purchased, and therefore, the Company filed a complaint against the supplier on March 22, 2022 in the Superior Court for the State of California, County of Santa Clara. On July 26, 2022, the supplier filed a demurrer seeking to dismiss the complaint filed by the Company as well as a cross-complaint against the Company for breach of contract and other allegations. The Company denies the allegations in the supplier’s complaint and does not believe it has any further commitment to the supplier. The Company regularly reviews outstanding legal claims, actions and enforcement matters, if any exist, to determine if accruals for expected negative outcomes of such matters are probable and can be reasonably estimated. The Company evaluates any such outstanding matters based on management’s best judgment after consultation with counsel. There is no assurance that the Company's accruals for loss contingencies will not need to be adjusted in the future. The amount of such adjustment could significantly exceed the accruals the Company has recorded. The Company had no such accruals as of June 30, 2022 or December 31, 2021 .

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Acquisitions	NOTE 13. ACQUISITIONS iQuue Acquisition On December 31, 2021, the Company purchased all of the outstanding equity interests of iQuue, LLC. iQuue was founded in 2015 and is headquartered in Altamonte Springs, Florida. iQuue is a SaaS company providing a smart home and smart building technology platform for property owners, managers, and residents in the multifamily industry. Backed by Samsung SmartThings, the iQuue technology platform is capable of integrating with any smart device. iQuue offerings include access control, door code management, managed WiFi, and professional installation. The Company accounted for the iQuue acquisition as a business combination. The preliminary purchase price consisted of $ 7,213 of cash and restricted cash, estimated fair market value of $ 5,230 in contingent consideration relating to three earnout payments tied to the attainment of installed unit targets during the period of December 31, 2021 to June 30, 2025, and a Net Working Capital Adjustment of $ 508 to be paid out 91 days after the acquisition date. On the acquisition date, the Company paid cash of $ 6,192 , and placed $ 1,021 in escrow accounts. As of June 30, 2022, the current escrow deposits are classified as “Restricted cash, current portion” in the Consolidated Balance Sheets. The Company determines current or non-current classification based on the expected duration of the restriction. The maximum value of the earnout payments is $ 6,375 . To the extent these are earned, they will be payable in cash on, or promptly after, the earnout period dates of December 31, 2022, December 31, 2023, and June 30, 2025. The $ 5,230 fair value of the earnout payments is determined using the Monte Carlo simulation model based on installed unit projections during the period of December 31, 2021 through June 30, 2025, implied revenue volatility, a risk-adjusted discount rate, and a credit spread. Each reporting period, the Company is required to remeasure the fair value of the earnout liability as assumptions change and such adjustments will be recorded as a gain or loss in other income (expense), net within the Consolidated Statement of Operations and Comprehensive Loss. The fair value of the earnout liability falls within Level 3 of the fair value hierarchy as a result of the un observable inputs used for the measurement. The Company determined there was no change to the fair value of the earnout during the three or six months ended June 30, 2022 and therefore, no gain or loss was recorded. As part of the business combination, the Company agreed to pay up to approximately $ 742 to the former shareholders of iQuue over the next three years , subject to the shareholders’ continued employment at the Company. As this payment is contingent upon the continuous service of the key employees, it is accounted for as post-combination compensation expense and is being recognized ratably over the service period of three years . The Company deposited $ 742 cash in escrow on the acquisition date for this obligation. The current portion of the escrow deposit is classified as “Restricted cash, current portion” and the non-current portion is classified as a component of "Other long-term assets" on the Consolidated Balance Sheets. During the three and six months ended June 30, 2022, the Company recognized $ 79 and $ 141 , respectively, of compensation expense in connection with this bonus. The fair value and allocation of the business combination are preliminary, are based upon management’s best estimates and assumptions, and are subject to future revision. The Company will finalize these amounts no later than one year from the acquisition date once it obtains the information necessary to complete the measurement process. Any changes resulting from facts and circumstances that existed as of the acquisition date may result in adjustments to the preliminary amounts disclosed above which may impact the reported results in the period those adjustments are identified. The total purchase consideration and the fair values of the acquired assets and liabilities at the acquisition date were as follows. Consideration Cash paid at acquisition $ 6,192 Contingent consideration 5,230 Cash consideration held in escrow 1,021 Net working capital adjustment 508 Fair value of total consideration transferred 12,951 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 290 Accounts receivable 721 Inventory 49 Intangible assets 3,590 Prepaid expenses and other assets 5 Total identifiable net assets acquired 4,655 Accounts payable 48 Deferred revenue 91 Accrued expenses and other liabilities 69 Total liabilities assumed 208 Total identifiable assets 4,447 Goodwill $ 8,504 The Company recognized approximately $ 174 and $ 311 of compensation expense related to the iQuue acquisition during the three and six months ended June 30, 2022, respectively. The Company recognized $ 97 of other non-recurring acquisition related costs that were expensed during the six months ended June 30, 2022 . There were no other non-recurring acquisition related costs expensed during the three months ended June 30, 2022. Compensation and other non-recurring acquisition related costs are included in general and administrative expenses on the Consolidated Statement of Operations and Comprehensive Loss. The fair value of the assets acquired includes accounts receivable of $ 721 . The gross amount due under contracts for accounts receivable is $ 721 , all of which is expected to be collected. The Company did not acquire any other class of receivable as a result of the acquisition of iQuue. The aggregate purchase price has been allocated to the assets acquired and liabilities assumed based on the fair market value of such assets and liabilities at the date of acquisition. Intangible assets associated with the acquisition totaled $ 3,590 and primarily related to customer relationships. The excess purchase price over the fair value of net assets acquired was recognized as goodwill and totaled $ 8,504 . The goodwill is attributable primarily to the workforce of the acquired business and expected synergies with the Company’s existing operations and is deductible over 15 years for income tax purposes. The Company recorded intangible assets at their fair value, which consisted of the following. Estimated useful life (in years) December 31, 2021 Customer relationships 13 $ 3,290 Developed technology 1 300 Total intangible assets $ 3,590 The valuation of intangible assets was determined using an income approach methodology. The fair value of the customer relationship intangible assets was determined using the multi-period excess earnings method based on discounted projected net cash flows associated with the net earnings attributable to the acquired customer relationships. The fair value of the acquired developed technology was determined using the relief from royalty method, which measures the value by estimating the cost savings associated with owning the asset rather than licensing it. The income approach methodology involves estimating cash flows over the remaining economic life of the intangible assets, which are considered from a market participant perspective. Key assumptions used in estimating future cash flows included projected revenue growth rates and customer attrition rates. The projected future cash flows were discounted to present value using an appropriate discount rate. As such, all aforementioned intangible assets were valued using Level 3 inputs. During the three and six months ended June 30, 2022, the Company recorded amortization expense of $ 140 and $ 281 , res pectively, related to intangible assets. There was no such amortization expense recorded for the year ended December 31, 2021 as the acquisition occurred on December 31, 2021. These intangible assets are deductible over 15 years for income tax purposes. The Company’s Consolidated Balance Sheets as of June 30, 2022 and December 31,2021, and other financial statements presented herein for the three and six months ended June 30, 2022 include the results of operations of iQuue since the acquisition date. Pro forma disclosures have not been provided since the acquisition did not have, and is not expected to have, a material impact on the Company’s results of operations. SightPlan Acquisition On March 22, 2022, the Company purchased all of the outstanding equity interests of SightPlan for approximately $ 135,000 . SightPlan was founded in 2013 and is headquartered in Orlando, Florida. SightPlan is a SaaS company that provides a real estate operating platform offering automated answering, resident engagement, field service and maintenance management, inspections management, and due diligence and audit management services to real estate owners and managers. The Company accounted for the SightPlan acquisition as a business combination. The preliminary purchase price consisted of $ 131,781 of cash and restricted cash and a post-closing downward adjustment of $ 127 reflecting the difference between estimated and actual net working capital of SightPlan on the acquisition date. On the acquisition date, the Company paid cash consideration of $ 130,931 and placed $ 850 in escrow accounts legally owned by the Company. As of June 30, 2022, the current escrow deposits are classified as restricted cash, current portion and other current liabilities on the Consolidated Balance Sheets. The Company determines current or non-current classification based on the expected duration of the restriction. As part of the business combination, the Company agreed to pay up to approximately $ 5,760 to the former employees of SightPlan on the one-year anniversary of the acquisition date, subject to continued employment at the Company. As this payment is contingent upon the continuous service of the employees, it is accounted for as post-combination expense and will be recognized ratably over the service period of one year . During the three and six months ended June 30, 2022, the Company recorded $ 1,656 and $ 1,798 , respectively, to general and administrative expenses on the Statements of Operations and Comprehensive Loss and to other current liabilities on the Consolidated Balance Sheets in connection with this contingent consideration. The Company deposited $ 5,760 cash in escrow on the acquisition date for this obligation. The escrow deposit is classified as restricted cash, current portion. The fair value and allocation of the business combination are preliminary, are based upon management’s best estimates and assumptions, and are subject to future revision. The Company will finalize these amounts no later than one year from the acquisition date, once it obtains the information necessary to complete the measurement process. Any changes resulting from facts and circumstances that existed as of the acquisition date may result in adjustments to the preliminary amounts disclosed above which may impact the reported results in the period those adjustments are identified. The total purchase consideration and the fair values of the acquired assets and liabilities at the acquisition date were as follows. Consideration Cash paid at acquisition $ 130,931 Cash consideration held in escrow 850 Net working capital adjustment ( 127 ) Fair value of total consideration transferred 131,654 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 1,978 Accounts receivable, net 1,255 Intangible assets 30,900 Other assets 749 Total identifiable net assets acquired 34,882 Accounts payable 6 Deferred revenue 885 Accrued expenses and other liabilities 735 Deferred tax liability ( Note 9 ) 6,569 Other long-term liabilities 256 Total liabilities assumed 8,451 Total identifiable assets 26,431 Goodwill $ 105,223 Changes resulting from facts and circumstances that existed as of the acquisition date resulted in measurement period adjustments to the estimated fair values of accounts receivable, net, intangible assets, other assets, deferred tax liability, and goodwill during the three months ended June 30, 2022. Specifically, the refinement of inputs used to estimate the fair value of intangible assets resulted in an increase in customer relationships of $ 4,400 , a decrease in goodwill of $ 3,221 , and an increase in the deferred tax liability of $ 1,179 . The increase in intangible assets caused an increase in amortization expense of $ 121 within general and administrative expenses, of which an immaterial amount relates to the three months ended March 31, 2022. Additionally, the increase to the deferred tax liability caused an increase to the release of the valuation allowance, generating a $ 1,044 income tax benefit on the Consolidated Statement of Operations, all of which is related to the three months ended March 31, 2022. Changes to accounts receivable, net and other assets were immaterial. Cash paid at acquisition $ 130,931 Cash acquired ( 1,978 ) Payment of acquisition consideration, net of cash acquired $ 128,953 The Company recognized approximately $ 1,656 and $ 1,798 of compensation expense related to the SightPlan acquisition during the three and six months ended June 30, 2022, respectively. The Company recognized $ 119 and $ 642 of other non-recurring acquisition related costs that were expensed during the three and six months ended June 30, 2022, respectively. Compensation and other non-recurring acquisition related costs and are included in general and administrative expenses on the Consolidated Statement of Operations and Comprehensive Loss. The fair value of the assets acquired includes accounts receivable of $ 1,255 . The gross amount due under contracts for accounts receivable is $ 1,284 , substantially all of which is expected to be collected. The Company did not acquire any other class of receivable as a result of the acquisition of SightPlan. The aggregate purchase price has been allocated to the assets acquired and liabilities assumed based on the fair market value of such assets and liabilities at the date of acquisition. Intangible assets associated with the acquisition totaled $ 30,900 and primarily related to customer relationships and developed technology. The excess purchase price over the fair value of net assets acquired was recognized as goodwill and totaled $ 105,223 . The goodwill is attributable primarily to the workforce of the acquired business and expected synergies with the Company’s existing operations and is not deductible for income tax purposes. The Company recorded intangible assets at their fair value, which consisted of the following. Estimated useful life (in years) March 31, 2022 Trade Name 5 $ 900 Customer relationships 10 19,700 Developed technology 7 10,300 Total intangible assets $ 30,900 The valuation of intangible assets was determined using an income approach methodology. The fair value of the customer relationship intangible assets was determined using the multi-period excess earnings method based on discounted projected net cash flows associated with the net earnings attributable to the acquired customer relationships. The fair value of the trade name and the acquired developed technology was determined using the relief from royalty method, which measures the value by estimating the cost savings associated with owning the asset rather than licensing it. The income approach methodology involves estimating cash flows over the remaining economic life of the intangible assets, which are considered from a market participant perspective. Key assumptions used in estimating future cash flows included projected revenue growth rates and customer attrition rates. The projected future cash flows were discounted to present value using an appropriate discount rate. As such, all aforementioned intangible assets were valued using Level 3 inputs. During the three and six months ended June 30, 2022, the Company recorded amortization expense of $ 917 and $ 995 , respectively, related to intangible assets. There was no such amortization expense recorded in the year ended December 31, 2021 as the acquisition occurred on March 22, 2022. These intangible assets are deductible over 15 years for income tax purposes. Pro Forma Operating Results The Company’s Consolidated Balance Sheet as of June 30, 2022, and other financial statements presented herein for the three and six months ended June 30, 2022 and 2021 include the results of operations of SightPlan since the acquisition date. The following unaudited pro forma information presents consolidated financial information as if the SightPlan acquisition had occurred on January 1, 2021. Pro forma disclosures for net loss have not been provided as the acquisition did not have, and is not expected to have, a material impact on the consolidated results through the year of acquisition. Pro forma operating results were prepared for comparative purposes only and are not indicative of what would have occurred had the acquisition been made as of January 1, 2021 or of the results that may occur in the future. For the three months ended For the six months ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Revenues $ 42,409 $ 23,727 $ 82,120 $ 44,750

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	NOTE 14. SUBSEQUENT EVENTS In connection with the preparation of the accompanying consolidated financial statements, the Company has evaluated events and transactions occurring after June 30, 2022 and through August 11, 2022, the date these financial statements were issued, for potential recognition or disclosure and has determined that there are no additional items to disclose except as disclosed below. In July and August 2022, certain employees exercised 133 stock options granted pursuant to the 2021 Incentive Stock Plan. In July 2022, 146 RSUs vested pursuant to the 2021 Incentive Stock Plan. In August 2022, employees enrolled in the Company's ESPP purchased 133 shares of the Company's Class A Common Stock.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Unaudited Interim Financial Information	Unaudited Interim Financial Information The accompanying condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and include the consolidated accounts of the Company and its wholly owned subsidiaries. All intercompany transactions and balances have been eliminated upon consolidation. The Consolidated Balance Sheet at December 31, 2021 has been derived from the audited consolidated financial statements as of December 31, 2021, as presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the SEC on March 25, 2022. Certain notes and other information have been condensed or omitted from the interim financial statements presented herein. The financial data and other information disclosed in these Notes to Consolidated Financial Statements related to the three and six months ended June 30, 2022 and 2021 are unaudited. The unaudited interim financial statements have been prepared on the same basis as the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which are of a normal recurring nature, necessary for a fair statement of the Company’s financial condition and results of operations and cash flows for the interim period presented. The results for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the full year ending December 31, 2022 or any future period.
Reclassifications	Reclassifications Certain prior period amounts in the condensed consolidated financial statements and accompanying notes have been reclassified to conform to the current period’s presentation, including the reclassification of intangible assets, net from other long-term assets to a separate line on the Consolidated Balance Sheets.
Foreign Currency	Foreign Currency SmartRent, Inc.'s functional and reporting currency is United States Dollars (“USD”) and its foreign subsidiary has a functional currency other than USD. Financial position and results of operations of the Company's international subsidiaries are measured using local currencies as the functional currency. Assets and liabilities of these operations are translated at the exchange rates in effect at the end of each reporting period. The Company's international subsidiaries statements of operations accounts are translated at the weighted-average rates of exchange prevailing during each reporting period. Translation adjustments arising from the use of differing currency exchange rates from period to period are included in accumulated other comprehensive loss in stockholders’ equity. Gains and losses on foreign currency exchange transactions, as well as translation gains or losses on transactions denominated in currencies other than an entity’s functional currency, are reflected in the Consolidated Statements of Operations and Comprehensive Loss.
Liquidity	Liquidity The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and liabilities and commitments in the normal course of business. Management believes that currently available resources will provide sufficient funds to enable the Company to meet its obligations for at least one year past the issuance date of these financial statements. The Company may need to raise additional capital through equity or debt financing to fund future operations until it generates positive operating cash flows. There can be no assurance that such additional equity or debt financing will be available on terms acceptable to the Company, or at all.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expense during the reporting period. These estimates made by management include valuing the Company’s inventories on hand, allowance for doubtful accounts, intangible assets, earnout liabilities, warranty liabilities and certain assumptions used in the valuation of equity awards, including the estimated fair value of common stock warrants, stand-alone selling price of items sold and assumptions used to estimate the fair value of stock-based compensation expense. Actual results could differ materially from those estimates.
Impact of COVID-19	Impact of COVID-19 The extensive impact caused by the COVID-19 pandemic has resulted and will likely continue to result in significant disruptions to the global economy, as well as businesses and capital markets around the world. In an effort to halt the outbreak of COVID-19, a number of countries, states, and other jurisdictions have imposed, and may impose in the future, various measures, including, but not limited to, voluntary and mandatory quarantines, stay-at-home orders, travel restrictions, limitations on gatherings, reduced operations and extended business closures. The timing of customer orders and the Company’s ability to fulfill orders received was impacted by various COVID-19-related government mandates, resulting in a delay in units sold. The Company has also witnessed certain current and prospective customers delaying purchases based on budget constraints or project delays related to COVID-19. The broader and long-term implications of the COVID-19 pandemic on the Company’s workforce, operations and supply chain, customer demand, results of operations and overall financial performance remain uncertain. The impact of COVID-19, and measures to prevent its spread, have been impactful and continue to affect supply chain. The Company has experienced some production delays as a result of COVID-19, including impacts to the sourcing, manufacturing, and logistics channels. The Company continues to engage with current and potential customers and continues to experience strong demand for its smart home enterprise software solutions. The Company believes some customers may continue to delay purchases because their development programs may also be delayed as a result of COVID-19.
The Business Combination and Acquisitions	The Business Combination The Business Combination is accounted for as a reverse recapitalization as Legacy SmartRent was determined to be the accounting acquirer. The determination is primarily based on the evaluation of the following facts and circumstances: • the equity holders of Legacy SmartRent hold the majority of voting rights in the Company; • the board of directors of Legacy SmartRent represent a majority of the members of the board of directors of the Company or were appointed by Legacy SmartRent; • the senior management of Legacy SmartRent became the senior management of the Company; and • the operations of Legacy SmartRent comprise the ongoing operations of the Company. In connection with the Business Combination, outstanding capital stock of Legacy SmartRent was converted into Common Stock of the Company, par value $ 0.0001 per share, representing a recapitalization, and the net assets of the Company were acquired at historical cost, with no goodwill or intangible assets recorded. Legacy SmartRent was deemed to be the predecessor of the Company, and the consolidated assets and liabilities and results of operations prior to the Closing Date are those of the Legacy SmartRent. The shares and corresponding capital amounts and net loss per share available to common stockholders, prior to the Business Combination, have been retroactively restated as shares reflecting the Exchange Ratio. Acquisitions In March 2022, the Company purchased all of the outstanding equity interests of SightPlan Holdings, Inc. ("SightPlan") in an acquisition that meets the definition of a business combination, for which the acquisition method of accounting was used (see Note 13). The acquisition was recorded on the date that the Company obtained control over the acquired business. The consideration paid was determined on the acquisition date and the acquisition-related costs, such as professional fees, were excluded from the consideration transferred and were recorded as expense in the period incurred. Assets acquired and liabilities assumed by the Company were recorded at their estimated fair values, while goodwill was measured as the excess of the consideration paid over the fair value of the net identifiable assets acquired and liabilities assumed. In December 2021, the Company purchased all of the outstanding equity interests of iQuue, LLC (“iQuue”) in an acquisition that meets the definition of a business combination, for which the acquisition method of accounting was used (see Note 13). The acquisition was recorded on the date that the Company obtained control over the acquired business. The consideration paid was determined on the acquisition date and the acquisition-related costs, such as professional fees, were excluded from the consideration transferred and were recorded as expense in the period incurred. Assets acquired and liabilities assumed by the Company were recorded at their estimated fair values, while goodwill was measured as the excess of the consideration paid over the fair value of the net identifiable assets acquired and liabilities assumed.
Net Loss Per Share Attributable to Common Stockholders	Net Loss Per Share Attributable to Common Stockholders The Company follows the two-class method to include the dilutive effect of securities that participated in dividends, if and when declared, when computing net income per common share. The two-class method determines net income per common share for each class of common stock and participating securities according to dividends, if and when declared or accumulated and participation rights in undistributed earnings. The two-class method requires income available to common stockholders for the period to be allocated between common stock and participating securities based upon their respective rights to receive dividends as if all income for the period had been distributed. The anti-dilutive effect of potentially dilutive securities is excluded from the computation of net loss per share because inclusion of such potentially dilutive shares on an as-converted basis would have been anti-dilutive. The Company’s participating securities included convertible preferred stock, as the holders were entitled to receive noncumulative dividends on a pari passu basis in the event that a dividend is paid on common stock. The Company also considers any unvested common shares subject to repurchase to be participating securities because holders of such shares have non-forfeitable dividend rights in the event a dividend is paid on common stock. The holders of convertible preferred stock, as well as the holders of unvested common shares subject to repurchase, do not have a contractual obligation to share in losses. In conjunction with the Business Combination all convertible preferred stock converted to common stock. Basic net loss per share attributable to common stockholders is calculated by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, adjusted for outstanding shares that are subject to repurchase and any shares issuable by the exercise of warrants for nominal consideration. Diluted net loss per share is computed by giving effect to all potentially dilutive securities outstanding for the period using the treasury stock method or the if-converted method based on the nature of such securities. For periods in which the Company reports a net loss, the diluted net loss per common share attributable to common stockholders is the same as basic net loss per common share attributable to common stockholders, because inclusion of such potentially dilutive shares on an as-converted basis would have been anti-dilutive.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers financial instruments with an original maturity of three months or less to be cash and cash equivalents. The Company maintains cash and cash equivalents at multiple financial institutions, and, at times, these balances exceed federally insurable limits. As a result, there is a concentration of credit risk related to amounts on deposit. The Company believes any risks are mitigated through the size and security of the financial institution at which our cash balances are held.
Restricted Cash	Restricted Cash The Company considers cash to be restricted when withdrawal or general use is legally restricted. The Company reports the current portion of restricted cash as a separate item in the Consolidated Balance Sheets and the non-current portion is a component of other long-term assets in the Consolidated Balance Sheets. The Company determines current or non-current classification based on the expected duration of the restriction.
Accounts Receivable, net	Accounts Receivable, net Accounts receivable consist of balances due from customers resulting from the sale of hardware, professional services and hosted services. Accounts receivable are recorded at invoiced amounts, are non-interest bearing and are presented net of the associated allowance for doubtful accounts on the Consolidated Balance Sheets. The allowance for doubtful accounts totaled $ 357 as of both June 30, 2022, and December 31, 2021 . The provision for doubtful accounts is recorded in general and administrative expenses in the accompanying Consolidated Statements of Operations and Comprehensive Loss; there was no provision recorded for the three and six months ended June 30, 2022, respectively. The provision for doubtful accounts totaled $ ( 42 ) and $ ( 27 ) for the three and six months ended June 30, 2021 , respectively. There were no write-offs of accounts receivable deemed uncollectable for the three and six months ended June 30, 2022 and 2021 . The Company evaluates the collectability of the accounts receivable balances and has determined the allowance for doubtful accounts based on a combination of factors, which include the nature of relationship and the prior experience the Company has with the account and an evaluation for current and projected economic conditions as of the Consolidated Balance Sheets date. Accounts receivable determined to be uncollectible are charged against the allowance for doubtful accounts. Actual collections of accounts receivable could differ from management’s estimates.
Significant Customers	Significant Customers A significant customer represents 10 % or more of the Company’s total revenue or net accounts receivable balance at each respective Consolidated Balance Sheet date. The significant customers of the Company are also limited partners of an investor in the Company with approximatel y 16 % and 22 % ownership as of June 30, 2022 and December 31, 2021 respectively. The investor does not exert control or influence on these limited partners and, as such these limited partners do not meet the definition of related parties of the Company. Revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable for each significant customer follows. Accounts Receivable Revenue As of For the three months ended For the six months ended June 30, 2022 December 31, 2021 June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Customer A 18 % * 18 % 18 % 19 % 27 % Customer B * 15 % * * * * Customer C * * 11 % * 14 % * Customer D 11 % * * * * * * Total less than 10% for the respective period
Goodwill	Goodwill Goodwill represents the excess of cost over net assets of the Company's completed business combinations. The Company tests for potential impairment of goodwill on an annual basis in November to determine if the carrying value is less than the fair value. The Company will conduct additional tests between annual tests if there are indications of potential g oodwill impairment. Qualitative factors are considered first to determine if performing a quantitative test is necessary. No goodwill impairment has been recorded as of June 30, 2022 .
Intangible Assets	Intangible Assets The Company recorded intangible assets with finite lives, including customer relationships and developed technology, as a result of the iQuue and SightPlan acquisitions. Intangible assets are amortized on a straight-line basis based on their estimated useful lives. The estimated useful life of these intangible assets are as follow s. Estimated useful life (in years) Trade name 5 Customer relationships 10 - 13 Developed technology 1 - 7
Warranty Allowance	Warranty Allowance The Company provides its customers with limited service warranties associated with product replacement and related services. The warranty typically lasts one year following the installation of the product. The estimated warranty costs, which are expensed at the time of sale and included in hardware cost of revenue, are based on the results of product testing, industry and historical trends and warranty claim rates incurred and are adjusted for identified current or anticipated future trends as appropriate. Actual warranty claim costs could differ from these estimates. For the three months ended June 30, 2022 and 2021, warranty expense included in cost of hardware revenue was $ 373 and $ 80 , respectively. For the six months ended June 30, 2022 and 2021, warranty expense included in cost of hardware revenue was $ 657 and $ 388 , respectively. As of June 30, 2022, and December 31, 2021, the Company’s warranty allowance was $ 3,587 and $ 6,106 , respectively. During the year ended December 31, 2020, the Company identified a deficiency with batteries contained in certain hardware sold and has included an estimate of the expected cost to remove these batteries, which were acquired from one supplier, in its warranty allowance. During the year ended December 31, 2021, the Company identified additional deficient batteries, and while the number of deficient batteries is less than one percent of the total number of all batteries deployed, the Company has elected to replace such batteries from previously deployed hardware devices. As of June 30, 2022, and December 31, 2021, $ 2,213 and $ 4,732 , respectively, is included in the Company’s warranty allowance related to the remaining cost of replacement for this identified battery deficiency.
Convertible Preferred Stock	Convertible Preferred Stock The Company assessed the provisions of Legacy SmartRent’s convertible preferred stock including redemption rights, dividends and voting rights to determine the appropriate classification. The Company determined that Legacy SmartRent’s shares of convertible preferred stock are appropriately classified as mezzanine equity because they were contingently redeemable into cash upon the occurrence of an event not solely within Legacy SmartRent’s control. When it is probable that a convertible preferred share will become redeemable, adjustments are recorded to adjust the carrying values. No such adjustments have been recorded during the three or six months ended June 30, 2022 or year ended December 31, 2021 . As a result of the Business Combination, each share of Legacy SmartRent convertible preferred stock and common stock was converted into the right to receive approximately 4.8846 shares of the Company’s Common Stock. Refer to Note 7, Convertible Preferred Stock and Equity .
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities subject to on-going fair value measurement are categorized and disclosed into one of three categories depending on observable or unobservable inputs employed in the measurement. These two types of inputs have created the following fair value hierarchy. Level 1: Quoted prices in active markets that are accessible at the measurement date for assets and liabilities. Level 2: Observable prices that are based on inputs not quoted in active markets but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. This hierarchy requires the Company to minimize the use of unobservable inputs and to use observable market data, if available, when determining fair value. The Company recognizes transfers between levels of the hierarchy based on the fair values of the respective financial measurements at the end of the reporting period in which the transfer occurred. There were no transfers between levels of the fair value hierarchy during the three or six months ended June 30, 2022 or year ended December 31, 2021 , respectively. The carrying amounts of the Company’s accounts receivable, accounts payable and accrued and other liabilities approximate their fair values due to their short maturities.
Revenue Recognition	Revenue Recognition The Company derives its revenue primarily from sales of systems that consist of hardware devices, professional services and hosted services to assist property owners and property managers with visibility and control over assets, while providing all-in-one home control offerings for residents. Revenue is recorded when control of these products and services is transferred to the customer in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those products and services. The Company may enter into contracts that contain multiple distinct performance obligations. The transaction price for a typical arrangement includes the price for: smart home hardware devices, which devices currently consist of door-locks, thermostats, sensors and light switches; a hub device, represented by either the Alloy Fusion or the Alloy SmartHub; professional services; and a subscription for use of our proprietary software. The Company considers delivery for each of the hardware, professional services and the combination of the Alloy SmartHub device with proprietary software (the “hosted services”) to be separate performance obligations. The Alloy SmartHub device and the software subscription are not sold separately. The hardware performance obligation includes the delivery of smart home hardware devices and the Alloy Fusion device, which provides features that function independently without subscription to the Company’s proprietary software. The professional services performance obligation includes the services to install the hardware. The hosted services performance obligation provides a subscription that allows the customer access to software during the contracted-use term when the promised service is transferred to the customer. Contracts containing the Alloy SmartHub device, which only functions with the subscription to the Company’s proprietary software and related hosting services, are considered a single performance obligation. The Company partners with several manufacturers to offer a range of compatible hardware products for its customers. The Company maintains control of the hardware purchased from manufacturers prior to it being transferred to the customer. The Company has discretion in establishing the price the customer will pay for the good or service. Consequently, the Company is primarily responsible for fulfilling the promise to provide the product and the Company is considered the principal in these arrangements. For each performance obligation identified, the Company estimates the standalone selling price, which represents the price at which the Company would sell the device or service separately. If the standalone selling price is not observable through past transactions, the Company estimates the standalone selling price, considering available information such as market conditions, historical pricing data, and internal pricing guidelines related to the performance obligations. The Company then allocates the transaction price among those obligations based on the estimation of the standalone selling price. Payments are received by the Company by credit card, check or automated clearing house (“ACH”) payments and payment terms are determined by individual contracts and generally range from due upon receipt to net 30 days . Taxes collected from customers and remitted to governmental authorities are not included in reported revenue. Payments received from customers in advance of revenue recognition are reported as deferred revenue. We have elected the following practical expedients following the adoption of ASC 606 : • Shipping and handling costs: the Company elected to account for shipping and handling activities that occur after the customer has obtained control of a good as fulfillment activities (i.e., an expense) rather than as a promised service and are recorded as hardware cost of revenue. Amounts billed for shipping and handling fees are recorded as revenue. • Sales tax collected from customers: the Company elected to exclude from the measurement of transaction price all taxes assessed by a government authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by us from a customer. • Measurement of the transaction price: the Company applies the practical expedient that allows for inclusion of the future auto-renewals in the initial measurement of the transaction price. The Company only applies these steps when it is probable that it will collect the consideration to which it is entitled in exchange for the goods or services it transfers to a customer. • Significant financing component: the Company elected not to adjust the promised amount of consideration for the effects of a significant financing component when the period between the transfer of promised goods or services and when the customer pays for the goods or services will be one year or less. Timing of Revenue Recognition is as follows. • Hardware Revenue Hardware revenue results from the direct sale to customers of hardware smart home devices, which devices currently consist of door-locks, thermostats, sensors, and light switches. These smart home devices connect to either the Alloy Fusion or the Alloy SmartHub. The performance obligation for hardware revenue is considered satisfied, and revenue is recognized at a point in time, when the hardware device is shipped to the customer, except for the Alloy SmartHub, which is discussed in “Hosted Services Revenue” below. The Alloy Fusion device provides features that function independently without subscription to our proprietary software, and the performance obligation for hardware revenue is considered satisfied and revenue is recognized at a point in time when the Alloy Fusion hub is shipped to the customer. The Company generally provides a one-year warranty period on hardware devices that are delivered and installed. The cost of the warranty is recorded as a component of cost of hardware revenue. • Professional Services Revenue Professional services revenue results from installing smart home hardware devices, which does not result in significant customization of the product and is generally performed over a period from two to four weeks. Installations can be performed by the Company's employees, contracted out to a third-party with the Company's employees managing the engagement, or the customer can perform the installation themselves. The Company’s professional services contracts are generally arranged on a fixed price basis and revenue is recognized over the period in which the installations are completed. • Hosted Services Revenue Hosted services revenue consists of recurring monthly subscription revenue generated from fees that provide customers’ access to one or more of the Company’s proprietary software applications including access controls, asset monitoring and related services. These subscription arrangements have contractual terms typically ranging from one-month to seven-years and include recurring fixed plan subscription fees. Arrangements with customers do not provide the customer with the right to take possession of the Company’s software at any time. Customers are granted continuous access to the services over the contractual period. Accordingly, fees collected for subscription services are recognized on a straight-line basis over the contract term beginning on the date the subscription service is made available to the customer. Variable consideration is immaterial. The Company also sells the Alloy SmartHub hardware hub device. The Alloy SmartHub device functions only with the subscription to the Company’s proprietary software applications and related hosting services and is sold only on an integrated basis with the subscription to the software. The Company considers the Alloy SmartHub device and hosting services subscription a single performance obligation and therefore defers the recognition of revenue for the hub devices. The Alloy Fusion device operates together with the proprietary software, but also provides features with stand-alone functionality without subscription to the Company’s proprietary software, and the performance obligation for hardware revenue is considered satisfied and revenue is recorded at the point in time when the Alloy Fusion hub is shipped to the customer. When a hub device is included in a contract that does not require a long-term service commitment, the customer obtains a material right to renew the service because purchasing a new device is not required upon renewal. If a contract contains a material right, proceeds are allocated to the material right and recognized over the period of benefit, which is generally four years .
Cost of Revenue	Cost of Revenue Cost of revenue consists primarily of direct costs of products and services together with the indirect cost of estimated warranty expense and customer care and support over the life of the service arrangement. • Hardware Cost of hardware revenue consists primarily of direct costs of proprietary products, hardware devices, supplies purchased from third-party providers, and shipping costs together with, indirect costs related to warehouse facilities (including depreciation and amortization of capitalized assets and right-of-use assets), infrastructure costs, personnel-related costs associated with the procurement and distribution of products and warranty expenses together with the indirect cost of customer care and support. • Professional Services Cost of professional services revenue consists primarily of direct costs related to personnel-related expenses for installation and supervision of installation services, general contractor expenses and travel expenses associated with the installation of products and indirect costs that are also primarily personnel-related expenses in connection with training of and ongoing support for customers and residents. • Hosted Services Cost of hosted services revenue consists primarily of the amortization of the direct costs of the hardware hub device consistent with the revenue recognition period noted above in Hosted Services Revenue and infrastructure costs associated with providing software applications together with the indirect cost of customer care and support over the life of the service arrangement.
Deferred Cost of Revenue	Deferred Cost of Revenue Deferred cost of revenue includes all direct costs included in cost of revenue for hosted services and the hub device that have been deferred to future periods.
Research and Development	Research and Development These expenses relate to the research and development of new products and services and enhancements to the Company’s existing product offerings and are expensed as incurred.
Advertising	Advertising Advertising costs are expensed as incurred and recorded as a component of sales and marketing expense. The Company incurred $ 66 and $ 244 of advertising expenses for the three months ended June 30, 2022 and 2021, respectively. The Company incurred $ 140 and $ 400 of advertising expenses for the six months ended June 30, 2022, and 2021 , respectively.
Segments	Segments The Company has one operating segment and one reportable segment as its chief operating decision maker, who is its Chief Executive Officer, reviews financial information on a consolidated basis for purposes of allocating resources and evaluating financial performance. The Company’s principal operations are in the United States and the Company’s long-lived assets are located primarily within the United States. The Company held $ 5,566 and $ 8,629 of assets outside the United States at June 30, 2022, and December 31, 2021 , respectively.
Recent Accounting Guidance	Recent Accounting Guidance Recent Accounting Guidance Not Yet Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments—Credit Losses (Topic 326)” which modifies the measurement of expected credit losses of certain financial instruments. This update is effective for fiscal years beginning after December 15, 2022 and must be applied using a modified-retrospective approach, with early adoption permitted. The adoption of ASU 2016-13 may have an impact on the Company’s accounting for accounts receivable, bad debt expense, and loans receivable included in the accompanying Consolidated Balance Sheets and Consolidated Statements of Operations and Comprehensive Loss. The Company is evaluating the extent of such impact. Recently Adopted Accounting Guidance In December 2019, the FASB issued ASU No. 2019-12, “Income Taxes (Topic 740) ” , which simplifies the accounting for income taxes, primarily by eliminating certain exceptions found in the Accounting Standards Codification, section 740. This standard is effective for fiscal periods beginning after December 15, 2021. We adopted ASU No. 2019-12 effective January 1, 2022 , which did no t have a material impact on the Company’s consolidated financial statements . In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ASU 2021-08”). Upon the adoption of this update, contract assets and contract liabilities (i.e., deferred revenue) acquired in a business combination will be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers as if the acquirer had originated the contracts, which would generally result in an acquirer recognizing and measuring acquired contract assets and contract liabilities consistent with how they were recognized and measured in the acquiree’s financial statements. The Company adopted ASU 2021-08 on October 1, 2021 , prior to the acquisition of SightPlan. Therefore, SightPlan’s historical deferred revenue balance as of March 22, 2022 has been included in the purchase price allocation in accordance with ASU 2021-08.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Revenue as a Percentage of Total Revenue and Accounts Receivable as a Percentage of Total Accounts Receivable for Each Significant Customer	Revenue as a percentage of total revenue and accounts receivable as a percentage of total accounts receivable for each significant customer follows. Accounts Receivable Revenue As of For the three months ended For the six months ended June 30, 2022 December 31, 2021 June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Customer A 18 % * 18 % 18 % 19 % 27 % Customer B * 15 % * * * * Customer C * * 11 % * 14 % * Customer D 11 % * * * * * * Total less than 10% for the respective period
Schedule Of Intangible Assets Estimated Useful Life	Intangible assets are amortized on a straight-line basis based on their estimated useful lives. The estimated useful life of these intangible assets are as follow Estimated useful life (in years) Trade name 5 Customer relationships 10 - 13 Developed technology 1 - 7

Fair Value Measurements and F_2

Fair Value Measurements and Fair Value of Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Summary of Carrying Values and Fair Values of Financial Instruments	The following tables display the carrying values and fair values of financial instruments. As of June 30, 2022 As of December 31, 2021 Assets on the Consolidated Balance Sheets Carrying Value Unrealized Fair Carrying Unrealized Losses Fair Cash and cash equivalents Level 1 $ 255,008 $ - $ 255,008 430,841 $ - $ 430,841 Restricted cash Level 1 8,155 - 8,155 1,763 - 1,763 Total $ 263,163 $ - $ 263,163 $ 432,604 $ - $ 432,604 As of June 30, 2022 As of December 31, 2021 Liabilities on the Consolidated Balance Sheets Carrying Fair Carrying Fair Acquisition earnout payment Level 3 5,230 5,230 5,230 5,230 Total liabilities $ 5,230 $ 5,230 $ 5,230 $ 5,230
Schedule of Changes In Fair Value of Liabilities	The changes in the fair value of the Company's Level 3 liabilities for the six months ended June 30, 2022 and year ended December 31, 2021 are as follows. As of June 30, 2022 December 31, 2021 Balance at beginning of period $ 5,230 $ - Fair value of acquisition earnout payment - 5,230 Balance at end of period $ 5,230 $ 5,230
Schedule of Earnout of Measurement	The fair value of the earnout payment is measured on a recurring basis at each reporting date. The following inputs and assumptions were used in the Monte Carlo simulation model to estimate the fair value of the earnout payment as of June 30, 2022 and December 31, 2021. The change in fair value was immaterial, thus, no change to the fair value of the earnout payment was recorded as of June 30, 2022. See Note 13 for more i nformation regarding the earnout payment. As of June 30, 2022 December 31, 2021 Discount Rate 8.30 % 3.50 % Volatility 45.00 % 24.80 %

Revenue and Deferred Revenue (T

Revenue and Deferred Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of Disaggregation of Revenue	In the following tables, revenue is disaggregated by primary geographical market and type of revenue. For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 Revenue by geography United States $ 41,933 $ 21,112 $ 78,380 $ 39,861 International 476 565 1,388 976 Total revenue $ 42,409 $ 21,677 $ 79,768 $ 40,837 For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 Revenue by type Hardware $ 20,895 $ 14,029 $ 43,009 $ 26,427 Professional services 9,123 3,564 16,032 7,165 Hosted services 12,391 4,084 20,727 7,245 Total revenue $ 42,409 $ 21,677 $ 79,768 $ 40,837
Summary of Deferred Revenue, by Arrangement, Disclosure	A summary of the change in deferred revenue is as follows. For the six months ended June 30, 2022 2021 Deferred revenue balance as of January 1 $ 95,597 $ 53,501 Revenue recognized from balance of deferred revenue ( 6,864 ) ( 3,992 ) Revenue deferred during the period 30,247 18,420 Revenue recognized from revenue originated ( 2,208 ) ( 3,922 ) Deferred revenue balance as of March 31 116,772 64,007 Revenue recognized from balance of deferred revenue ( 11,051 ) ( 3,270 ) Revenue deferred during the period 23,879 17,346 Revenue recognized from revenue originated ( 4,155 ) ( 3,578 ) Deferred revenue balance as of June 30 $ 125,445 $ 74,505

Other Balance Sheet Informati_2

Other Balance Sheet Information (Tables)	6 Months Ended
	Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]
Summary of Inventory	Inventory consisted of the following. June 30, 2022 December 31, 2021 Finished Goods $ 59,102 $ 33,007 Raw Materials 133 201 Total inventory $ 59,235 $ 33,208
Summary of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following. June 30, 2022 December 31, 2021 Prepaid expenses $ 9,043 $ 15,084 Other current assets 2,004 2,285 Total prepaid expenses and other current assets $ 11,047 $ 17,369
Summary of Property and Equipment, Net	Property and equipment, net consisted of the following. June 30, 2022 December 31, 2021 Computer hardware $ 1,866 $ 1,768 Warehouse and other equipment 488 461 Leasehold improvements 544 284 Furniture and fixtures 161 161 Property and equipment, gross 3,059 2,674 Less: Accumulated depreciation ( 1,160 ) ( 800 ) Total property and equipment, net $ 1,899 $ 1,874
Summary of Other Long-term Assets	Other long-term assets consisted of the following. June 30, 2022 December 31, 2021 Operating lease - ROU asset, net $ 4,937 $ 2,927 Restricted cash, long-term portion 495 495 Other long-term assets 6,235 3,790 Total other long-term assets $ 11,667 $ 7,212
Summary Of Intangible Assets And Goodwill	Intangible assets, net consisted of the following. June 30, 2022 December 31, 2021 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Customer relationships $ 22,990 $ ( 667 ) $ 22,323 $ 3,290 $ - $ 3,290 Developed technology 10,600 ( 554 ) 10,046 300 - 300 Trade name 900 ( 54 ) 845 - - - Total intangible assets, net $ 34,490 $ ( 1,275 ) $ 33,214 $ 3,590 $ - $ 3,590
Summary Finite Lived Intangible Assets Amortization Expense	Total future amortization for finite-lived assets is estimated as follows. Amortization Expense 2022 - Remaining $ 2,092 2023 3,873 2024 3,873 2025 3,873 2026 3,873 Thereafter 15,630 Total $ 33,214
Summary of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following. June 30, 2022 December 31, 2021 Accrued compensation costs $ 9,243 $ 6,588 Accrued expenses 3,663 4,559 Warranty allowance 3,587 6,106 Other 6,552 4,981 Total accrued expenses and other current liabilities $ 23,045 $ 22,234

Convertible Preferred Stock a_2

Convertible Preferred Stock and Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Summary of Temporary Equity	The original issuance price per share of Legacy SmartRent’s authorized, issued and outstanding preferred stock follows as of August 24, 2021. Issue Date Series Shares Shares Issued Original Liquidation March 2018 Seed 4,707 4,707 $ 1.0000 $ 4,707 September 2018 A 4,541 4,541 $ 1.1011 5,000 May 2019 B-1 508 508 $ 4.9767 2,527 May 2019 B 5,425 5,425 $ 6.2209 33,750 March 2020 C-1 761 761 $ 10.0223 7,624 March - May 2020; C 8,874 8,874 $ 10.4236 92,468 24,816 24,816 $ 146,076

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Stock Plan Activity	Summaries of the Company’s 2018 Stock Plan activity for the six months ended June 30, 2022 is presented below. Options Outstanding Number of Weighted- Weighted Aggregate December 31, 2021 10,457 $ 0.51 7.96 $ - Granted 175 $ 9.58 Exercised ( 131 ) $ 0.47 Cancelled and forfeited ( 326 ) $ 0.47 March 31, 2022 10,175 $ 0.66 7.75 $ - Exercised ( 70 ) $ 0.47 June 30, 2022 10,105 $ 0.67 7.50 Vested options as of June 30, 2022 8,173 $ 0.49 7.30 $ -
Summary of Restricted Stock Units Activity	The following table summarizes activity related to the RSUs: Restricted Stock Units Number of Weighted December 31, 2021 7,671 $ 4.98 Granted 1,510 $ 7.54 Cancelled ( 136 ) $ 4.82 March 31, 2022 9,045 $ 5.29 Granted 387 $ 4.44 Vested or distributed ( 2,153 ) $ 4.56 June 30, 2022 7,279 $ 5.43
Summary of Stock-based Compensation Expense	The Company recorded stock-based compensation expense as follows. For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 Research and development $ 933 $ 52 $ 1,814 $ 107 Sales and marketing 590 16 1,129 32 General and administrative 2,300 360 4,403 716 Total $ 3,823 $ 428 $ 7,346 $ 855

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Summary of Computation of Diluted Net Loss per Share Attributable to Common Stockholders	The following potentially dilutive shares were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because inclusion of the shares on an as-converted basis would have been anti-dilutive. For the three months ended June 30, For the six months ended June 30, 2022 2021 2022 2021 Convertible preferred stock - 121,226 - 121,226 Common stock options and restricted stock units 17,384 18,509 17,384 18,509 Common stock warrants 3,664 161 3,664 161 Shares subject to repurchase 1,374 2,750 1,374 2,750 Total 22,422 142,647 22,422 142,647

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2022
Business Acquisition [Line Items]
Schedule of Pro Forma Operating Results	Pro forma operating results were prepared for comparative purposes only and are not indicative of what would have occurred had the acquisition been made as of January 1, 2021 or of the results that may occur in the future. For the three months ended For the six months ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Revenues $ 42,409 $ 23,727 $ 82,120 $ 44,750
iQuue Acquisition
Business Acquisition [Line Items]
Schedule of Total Purchase Consideration and Fair Values of Acquired Assets and Liabilities at Acquisition Date and Statement of Cash Flows	The total purchase consideration and the fair values of the acquired assets and liabilities at the acquisition date were as follows. Consideration Cash paid at acquisition $ 6,192 Contingent consideration 5,230 Cash consideration held in escrow 1,021 Net working capital adjustment 508 Fair value of total consideration transferred 12,951 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 290 Accounts receivable 721 Inventory 49 Intangible assets 3,590 Prepaid expenses and other assets 5 Total identifiable net assets acquired 4,655 Accounts payable 48 Deferred revenue 91 Accrued expenses and other liabilities 69 Total liabilities assumed 208 Total identifiable assets 4,447 Goodwill $ 8,504
Schedule of Recorded Intangible Assets at Fair Value	The Company recorded intangible assets at their fair value, which consisted of the following. Estimated useful life (in years) December 31, 2021 Customer relationships 13 $ 3,290 Developed technology 1 300 Total intangible assets $ 3,590
SightPlan
Business Acquisition [Line Items]
Schedule of Total Purchase Consideration and Fair Values of Acquired Assets and Liabilities at Acquisition Date and Statement of Cash Flows	The total purchase consideration and the fair values of the acquired assets and liabilities at the acquisition date were as follows. Consideration Cash paid at acquisition $ 130,931 Cash consideration held in escrow 850 Net working capital adjustment ( 127 ) Fair value of total consideration transferred 131,654 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 1,978 Accounts receivable, net 1,255 Intangible assets 30,900 Other assets 749 Total identifiable net assets acquired 34,882 Accounts payable 6 Deferred revenue 885 Accrued expenses and other liabilities 735 Deferred tax liability ( Note 9 ) 6,569 Other long-term liabilities 256 Total liabilities assumed 8,451 Total identifiable assets 26,431 Goodwill $ 105,223 Cash paid at acquisition $ 130,931 Cash acquired ( 1,978 ) Payment of acquisition consideration, net of cash acquired $ 128,953
Schedule of Recorded Intangible Assets at Fair Value	The Company recorded intangible assets at their fair value, which consisted of the following. Estimated useful life (in years) March 31, 2022 Trade Name 5 $ 900 Customer relationships 10 19,700 Developed technology 7 10,300 Total intangible assets $ 30,900

Description of Business - Addit

Description of Business - Additional Information (Details) $ / shares in Units, $ in Thousands			6 Months Ended
	Aug. 24, 2021 USD ($) $ / shares shares	Nov. 23, 2020 Business	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 $ / shares shares
Subsidiary Or Equity Method Investee [Line Items]
Condition for future business combination number of businesses minimum | Business		1
Total number of authorized shares of capital stock			550,000,000
Designated common stock, shares authorized			500,000,000	500,000,000
Common stock, par value | $ / shares			$ 0.0001	$ 0.0001
Designated preferred stock, shares			50,000,000
Preferred stock, par value | $ / shares			$ 0.0001
Direct and incremental costs incurred | $	$ 55,981
Gross proceeds from business combination and PIPE investment | $			$ 500,628
Offering costs offset amount | $			$ 55,981
Initial Public Offering | Subscription Agreement | Common Stock
Subsidiary Or Equity Method Investee [Line Items]
Issuance of Series C Preferred Stock for cash, net of offering costs (in Shares)	15,500,000
Shares issued, price per share | $ / shares	$ 10
Aggregate purchase price of newly issued shares | $	$ 155,000
Class A Common Stock
Subsidiary Or Equity Method Investee [Line Items]
Common stock, par value | $ / shares	$ 0.0001
Shares issued and each share converted into right to receive shares of common stock	4.8846
Common stock shares converted			4,884.6000
Class A Common Stock | FWAA | Initial Public Offering
Subsidiary Or Equity Method Investee [Line Items]
Shares redeemed price per share | $ / shares	$ 10
Aggregate value of stock redeemed | $	$ 2
Class A Common Stock | FWAA | Initial Public Offering | Maximum
Subsidiary Or Equity Method Investee [Line Items]
Redemption of shares, right exercised	1,000
Class B Common Stock | FWAA | Sponsor
Subsidiary Or Equity Method Investee [Line Items]
Common stock shares converted	8,625,000

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($) $ / shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) Segment $ / shares shares	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) $ / shares	Aug. 24, 2021 USD ($) $ / shares
Accounting Policies [Line Items]
Common stock, par value | $ / shares	$ 0.0001		$ 0.0001		$ 0.0001
Goodwill	$ 117,889,000		$ 117,889,000		$ 12,666,000	$ 0
Intangible assets	33,214,000		33,214,000		3,590,000	$ 0
Accounts receivable,Allowance for doubtful accounts	357,000		357,000		$ 357,000
Write-offs of accounts receivable	0	$ 0	$ 0	$ 0
Concentration risk percentage			10%		10%
Percentage of ownership interest held by limited partners in the investment fund of an investor			16%		22%
Goodwill impairment			$ 0
Warranty allowance	3,587,000		3,587,000		$ 6,106,000
Product warranty accrual related to remaining cost of replacement for identified battery deficiency	2,213,000		$ 2,213,000		4,732,000
Number of days due for payments of credit card, check or automated clearing house			30 days
Warranty period on hardware devices			1 year
Estimated average in service life of hub device			4 years
Advertising expenses	66,000	244,000	$ 140,000	400,000
Number of operating segment | Segment			1
Number of reportable segment | Segment			1
Assets	$ 575,807,000		$ 575,807,000		579,683,000
ASU No. 2019-12
Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true		true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Jan. 01, 2022		Jan. 01, 2022
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true		true
ASU No. 2021-08
Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true		true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Oct. 01, 2021		Oct. 01, 2021
UNITED STATES
Accounting Policies [Line Items]
Assets	$ 5,566,000		$ 5,566,000		$ 8,629,000
Minimum
Accounting Policies [Line Items]
Contractual terms for Hosted Services Revenue			1 month
Maximum
Accounting Policies [Line Items]
Contractual terms for Hosted Services Revenue			7 years
Class A Common Stock
Accounting Policies [Line Items]
Common stock, par value | $ / shares						$ 0.0001
Common stock shares converted | shares			4,884.6000
General and Administrative Expenses
Accounting Policies [Line Items]
Provision for doubtful accounts	0	(42,000)	$ 0	(27,000)
Cost of Sales
Accounting Policies [Line Items]
Warranty expense	$ 373,000	$ 80,000	$ 657,000	$ 388,000

Significant Accounting Polici_5

Significant Accounting Policies - Revenue as a Percentage of Total Revenue and Accounts Receivable as a Percentage of Total Accounts Receivable for Each Significant Customer (Details) - Customer Concentration Risk	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Customer A | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage			18%
Customer A | Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	18%	18%	19%	27%
Customer B | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage					15%
Customer C | Revenue
Concentration Risk [Line Items]
Concentration risk, percentage	11%		14%
Customer D | Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage			11%

Significant Accounting Polici_6

Significant Accounting Policies - Schedule Of Intangible Assets Estimated Useful Life (Details)	6 Months Ended
	Jun. 30, 2022
Trade Name
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	5 years
Customer Relationships | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	10 years
Customer Relationships | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	13 years
Developed Technology | Minimum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	1 year
Developed Technology | Maximum
Finite-Lived Intangible Assets [Line Items]
Intangible assets estimated useful life	7 years

Fair Value Measurements and F_3

Fair Value Measurements and Fair Value of Instruments - Summary of Carrying Values and Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities on the Consolidated Balance Sheets	$ 5,230	$ 5,230
Carrying Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets on the Consolidated Balance Sheets	263,163	432,604
Liabilities on the Consolidated Balance Sheets	5,230	5,230
Carrying Value | Cash and cash equivalents | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets on the Consolidated Balance Sheets	255,008	430,841
Carrying Value | Restricted Cash | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets on the Consolidated Balance Sheets	8,155	1,763
Carrying Value | Earnout Payment | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities on the Consolidated Balance Sheets	5,230	5,230
Fair Value
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets on the Consolidated Balance Sheets	263,163	432,604
Liabilities on the Consolidated Balance Sheets	5,230	5,230
Fair Value | Cash and cash equivalents | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets on the Consolidated Balance Sheets	255,008	430,841
Fair Value | Restricted Cash | Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Assets on the Consolidated Balance Sheets	8,155	1,763
Fair Value | Earnout Payment | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liabilities on the Consolidated Balance Sheets	$ 5,230	$ 5,230

Fair Value Measurements and F_4

Fair Value Measurements and Fair Value of Instruments - Schedule of Changes in Fair Value (Details) - Level 3 $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Fair Value Disclosures [Line Items]
Fair value of acquisition earnout payment	$ 5,230
Balance at end of period	$ 5,230

Fair Value Measurements and F_5

Fair Value Measurements and Fair Value of Instruments - Schedule of Earnout Payment of Measurement (Details)	Jun. 30, 2022	Dec. 31, 2021
Discount Rate
Fair Value Disclosures [Line Items]
Earnout payment	0.0830	0.0350
Volatility
Fair Value Disclosures [Line Items]
Earnout payment	0.4500	0.2480

Revenue and Deferred Revenue -

Revenue and Deferred Revenue - Summary of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 42,409	$ 21,677	$ 79,768	$ 40,837
United States
Disaggregation of Revenue [Line Items]
Total revenue	41,933	21,112	78,380	39,861
International
Disaggregation of Revenue [Line Items]
Total revenue	476	565	1,388	976
Hardware
Disaggregation of Revenue [Line Items]
Total revenue	20,895	14,029	43,009	26,427
Professional Services
Disaggregation of Revenue [Line Items]
Total revenue	9,123	3,564	16,032	7,165
Hosted Services
Disaggregation of Revenue [Line Items]
Total revenue	$ 12,391	$ 4,084	$ 20,727	$ 7,245

Revenue and Deferred Revenue _2

Revenue and Deferred Revenue - Summary of Deferred Revenue, by Arrangement, Disclosure (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue, beginning balance	$ 116,772	$ 95,597	$ 64,007	$ 53,501
Revenue recognized from balance of deferred revenue at the beginning of the period	(11,051)	(6,864)	(3,270)	(3,992)
Revenue deferred during the period	23,879	30,247	17,346	18,420
Revenue recognized from revenue originated and deferred during the period	(4,155)	(2,208)	(3,578)	(3,922)
Deferred revenue, ending balance	$ 125,445	$ 116,772	$ 74,505	$ 64,007

Revenue and Deferred Revenue _3

Revenue and Deferred Revenue - Additional Information (Details)	Jun. 30, 2022	Mar. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-04-01
Revenue from Contract with Customer [Line Items]
Percentage of revenue expect to recognize to its total deferred revenue	61%
Revenue expect to recognize to its total deferred revenue, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-04-01
Revenue from Contract with Customer [Line Items]
Percentage of revenue expect to recognize to its total deferred revenue	17%
Revenue expect to recognize to its total deferred revenue, period	24 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-04-01
Revenue from Contract with Customer [Line Items]
Percentage of revenue expect to recognize to its total deferred revenue	21%
Revenue expect to recognize to its total deferred revenue, period	24 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2027-04-01
Revenue from Contract with Customer [Line Items]
Percentage of revenue expect to recognize to its total deferred revenue		1%
Revenue expect to recognize to its total deferred revenue, period

Other Balance Sheet Informati_3

Other Balance Sheet Information - Summary of Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished Goods	$ 59,102	$ 33,007
Raw Materials	133	201
Total inventory	$ 59,235	$ 33,208

Other Balance Sheet Informati_4

Other Balance Sheet Information inventory (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Inventory Disclosure [Abstract]
Inventory write-down	$ 0	$ 166	$ 22	$ 127

Other Balance Sheet Informati_5

Other Balance Sheet Information - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid expenses	$ 9,043	$ 15,084
Other current assets	2,004	2,285
Total prepaid expenses and other current assets	$ 11,047	$ 17,369

Other Balance Sheet Informati_6

Other Balance Sheet Information - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property and equipment, gross	$ 3,059	$ 2,674
Less: Accumulated depreciation	(1,160)	(800)
Total property and equipment, net	1,899	1,874
Computer Hardware
Property and equipment, gross	1,866	1,768
Warehouse and Other Equipment
Property and equipment, gross	488	461
Leasehold Improvements
Property and equipment, gross	544	284
Furniture and Fixtures
Property and equipment, gross	$ 161	$ 161

Other Balance Sheet Property an

Other Balance Sheet Property and equipment, net (Additional Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense and plant and equipment	$ 170	$ 93	$ 360	$ 173

Other Balance Sheet Informati_7

Other Balance Sheet Information - Summary of Other long-term Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets, Noncurrent [Abstract]
Operating lease - ROU asset, net	$ 4,937	$ 2,927
Restricted cash, long-term portion	495	495
Other long-term assets	6,235	3,790
Total other long-term assets	$ 11,667	$ 7,212

Other Balance Sheet Informati_8

Other Balance Sheet Information - Summary Of Intangible Assets And Goodwill (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021	Aug. 24, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	$ 34,490,000	$ 3,590,000
Accumulated amortization	(1,275,000)	0
Total intangible assets, net	33,214,000	3,590,000	$ 0
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	22,990,000	3,290,000
Accumulated amortization	(667,000)
Total intangible assets, net	22,323,000	3,290,000
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	10,600,000	300,000
Accumulated amortization	(554,000)
Total intangible assets, net	10,046,000	$ 300,000
Trade Name
Finite-Lived Intangible Assets [Line Items]
Intangible assets, Gross	900,000
Accumulated amortization	(54,000)
Total intangible assets, net	$ 845,000

Other Balance Sheet Informati_9

Other Balance Sheet Information Intangible assets (Additional Information) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 1,056,000	$ 0	$ 1,275,000	$ 0
Accumulated amortization	$ (1,275,000)		$ (1,275,000)		$ 0

Other Balance Sheet Informat_10

Other Balance Sheet Information - Summary of Finite Lived Intangible Assets Amortization Expense (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Rolling Maturity [Abstract]
2022 - Remaining	$ 2,092
2023	3,873
2024	3,873
2025	3,873
2026	3,873
Thereafter	15,630
Total	$ 33,214

Other Balance Sheet Informat_11

Other Balance Sheet Information - Summary of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued Liabilities and Other Liabilities [Abstract]
Accrued compensation costs	$ 9,243	$ 6,588
Accrued expenses	3,663	4,559
Warranty allowance	3,587	6,106
Other	6,552	4,981
Total accrued expenses and other current liabilities	$ 23,045	$ 22,234

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	1 Months Ended		3 Months Ended	6 Months Ended
	Dec. 31, 2021	Aug. 31, 2019	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Sep. 07, 2021
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 15,000,000
Credit facility, frequency of payment and payment terms, description				The Term Loan Facility was subject to monthly payments of interest, in arrears, accrued on the principal balance of the Term Loan Facility through November 2020. Thereafter, and continuing through the Term Loan Facility maturity date, the Term Loan Facility was subject to equal monthly payments of principal plus accrued interest.
Common stock, issued	193,864,000		197,502,000	197,502,000		147,911,000
Credit facility, covenant terms, description				The Senior Revolving Facility contains certain customary affirmative and negative covenants and events of default. Such covenants will, among other things, restrict, subject to certain exceptions, the Company’s ability to (i) engage in certain mergers or consolidations, (ii) sell, lease or transfer all or substantially all of the Company’s assets, (iii) engage in certain transactions with affiliates, (iv) make changes in the nature of the Company’s business and our subsidiaries, and (v) incur additional indebtedness that is secured on a pari passu basis with the Senior Revolving Facility.
Amortization expense					$ 4,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 10,000,000
Line of credit facility expiration month year		2021-08
Line of credit facility expiration month year, extended		2021-12
Term Loan Facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity		$ 5,000,000
Line of credit facility expiration month year		2023-11
Line of credit facility first required payment month year		2020-11
Senior Revolving Facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 75,000,000
Line of credit facility expiration month year	2026-12
Debt instrument term	5 years
Line of credit facility unused capacity commitment fee percentage	0.25%
Debt instrument principal amount	$ 0		$ 0	$ 0
Debt issuance costs	$ 688,000
Senior Revolving Facility | ABR Loan
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate				0.50%
Senior Revolving Facility | SOFR Loan
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate				0.10%
Senior Revolving Facility | Base Rate | SOFR Loan
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate	0%
Senior Revolving Facility | Federal Funds | ABR Loan
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate	3.25%
Senior Revolving Facility | Interest Expense
Debt Instrument [Line Items]
Amortization expense			$ 51,000	$ 78,000
Letter of Credit | Sublimit
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 10,000,000
Swingline | Sublimit
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 10,000,000

Convertible Preferred Stock a_3

Convertible Preferred Stock and Equity - Additional Information (Details) - USD ($)		1 Months Ended				3 Months Ended		6 Months Ended
	Aug. 24, 2021	Feb. 28, 2021	Apr. 30, 2020	Aug. 31, 2019	Mar. 31, 2019	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Sep. 07, 2021	Mar. 31, 2021
Temporary Equity And Permanent Equity [Line Items]
Temporary equity shares authorized						50,000,000		50,000,000		50,000,000
Temporary equity par or stated value per share						$ 0.0001		$ 0.0001		$ 0.0001
Temporary equity, shares outstanding						0		0		0
Shares converted into common stock upon business combination	4,123,000
Proceeds from redeemable convertible preferred stock									$ 34,793,000
Common stock, par value						$ 0.0001		$ 0.0001		$ 0.0001
Sales and marketing						$ 6,139,000	$ 2,392,000	$ 11,301,000	$ 4,146,000
Common stock, issued						197,502,000		197,502,000		193,864,000	147,911,000
Series C Redeemable Convertible Preferred Stock
Temporary Equity And Permanent Equity [Line Items]
Temporary equity stock shares issued during the period shares									3,358,000
Gross proceeds from the issuance of redeemable convertible preferred stock									$ 35,000,000
Payment of stock issuance costs									207,000
Preferred Stock
Temporary Equity And Permanent Equity [Line Items]
Temporary equity shares authorized						50,000,000		50,000,000
Temporary equity par or stated value per share						$ 0.0001		$ 0.0001
Temporary equity, par value	$ 0.00001
Shares issued and each share converted into right to receive shares of common stock	4.8846
Preferred stock, conversion basis								1:1 basis
Temporary equity, shares outstanding						24,816,000		24,816,000
Shares converted into common stock upon business combination						121,214,000		121,214,000
Warrant
Temporary Equity And Permanent Equity [Line Items]
Contra revenue						$ 19,000	18,000	$ 21,000	40,000
Class of warrant or right expiration period				Aug. 31, 2029				Feb. 28, 2031
Fully paid and non assessable common stock				33,000
Common stock, par value	$ 0.01			$ 2.30	$ 0.01
Sales and marketing						$ 0	0	$ 0	0
Common stock warrants issued to customers as consideration		750,000
Warrants converted to warrants to purchase shares of common stock upon business combination	3,663,000
Convertible note					$ 2,500,000
Common stock, issued												503,000
Warrant | Maximum
Temporary Equity And Permanent Equity [Line Items]
Fully paid and non assessable common stock					503,000
Warrant | Tranche Two
Temporary Equity And Permanent Equity [Line Items]
Measurement period								Apr. 30, 2023
Fully paid and non assessable common stock			384,000
Common stock, par value			$ 0.01
Sales and marketing							$ 149,000	$ 217,000	$ 359,000
Warrants converted to warrants to purchase shares of common stock upon business combination	1,874,000

Convertible Preferred Stock a_4

Convertible Preferred Stock and Equity - Summary of Temporary Equity (Details) $ / shares in Units, $ in Thousands	Aug. 24, 2021 USD ($) $ / shares shares
Class Of Stock [Line Items]
Shares Authorized	24,816,000
Shares Issued	24,816,000
Shares Outstanding	24,816,000
Liquidation Preference | $	$ 146,076
March 2018 | Seed Redeemable Convertible Preferred Stock
Class Of Stock [Line Items]
Shares Authorized	4,707,000
Shares Issued	4,707,000
Shares Outstanding	4,707,000
Original Issue Price per Share | $ / shares	$ 1
Liquidation Preference | $	$ 4,707
September 2018 | Series A Redeemable Convertible Preferred Stock
Class Of Stock [Line Items]
Shares Authorized	4,541,000
Shares Issued	4,541,000
Shares Outstanding	4,541,000
Original Issue Price per Share | $ / shares	$ 1.1011
Liquidation Preference | $	$ 5,000
May 2019 | Series B One Redeemable Convertible Preferred Stock
Class Of Stock [Line Items]
Shares Authorized	508,000
Shares Issued	508,000
Shares Outstanding	508,000
Original Issue Price per Share | $ / shares	$ 4.9767
Liquidation Preference | $	$ 2,527
May 2019 | Series B Redeemable Convertible Preferred Stock
Class Of Stock [Line Items]
Shares Authorized	5,425,000
Shares Issued	5,425,000
Shares Outstanding	5,425,000
Original Issue Price per Share | $ / shares	$ 6.2209
Liquidation Preference | $	$ 33,750
March 2020 | Series C One Redeemable Convertible Preferred Stock
Class Of Stock [Line Items]
Shares Authorized	761,000
Shares Issued	761,000
Shares Outstanding	761,000
Original Issue Price per Share | $ / shares	$ 10.0223
Liquidation Preference | $	$ 7,624
March - May 2020, March 2021 | Series C Redeemable Convertible Preferred Stock
Class Of Stock [Line Items]
Shares Authorized	8,874,000
Shares Issued	8,874,000
Shares Outstanding	8,874,000
Original Issue Price per Share | $ / shares	$ 10.4236
Liquidation Preference | $	$ 92,468

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)			1 Months Ended		3 Months Ended			6 Months Ended		12 Months Ended
	Nov. 01, 2021	Aug. 24, 2021	Aug. 31, 2021	Apr. 30, 2021	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense					$ 3,823,000		$ 428,000	$ 7,346,000	$ 855,000
Shares converted into common stock upon business combination		4,123,000
Common stock, authorized					500,000,000			500,000,000		500,000,000
Vesting of Outstanding Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense					$ 113,000		226,000	$ 228,000	453,000
Vesting of RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense					3,403,000		0	6,526,000	0
General and Administrative Expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense					2,300,000		360,000	$ 4,403,000	716,000
Zenith
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Options, Granted		844,000						844,000
Zenith | General and Administrative Expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense					$ 202,000		202,000	$ 401,000	402,000
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation by share based arrangement vesting period					387,000	1,510,000
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, weighted average grant date fair value					$ 4.44	$ 7.54
2018 Stock Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation by share based arrangement term								10 years
Share based compensation arrangement vesting period								4 years
Amended 2018 Stock Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation arrangement vesting period				4 years
Share based compensation by share based arrangement vesting period				1,533,000
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, weighted average grant date fair value				$ 21.55
Share-based payment arrangement, expense			$ 2,827,000	$ 33,033,000						$ 843,000
Shares converted into common stock upon business combination		7,489,000
Conversion price per share fair value		$ 4.41
2021 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, authorized					15,500,000			15,500,000
2021 Equity Incentive Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation arrangement vesting period	4 years		4 years		4 years	4 years
Share based compensation by share based arrangement vesting period	72,000		354,000		387,000	1,510,000
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period, weighted average grant date fair value	$ 12.10		$ 12.10		$ 4.44	$ 7.54
Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based payment arrangement, expense					$ 105,000		$ 0	$ 191,000	$ 0
Shares reserved for future issuance					2,000,000			2,000,000
Percentage of shares reserved for future issuance								1%
Minimum | 2021 Equity Incentive Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation arrangement vesting period			1 year
Maximum | 2021 Equity Incentive Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation arrangement vesting period			3 years
Maximum | Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares reserved for future issuance						2,000,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Plan Activity (Details) - 2018 Stock Plan - $ / shares shares in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Options, Beginning Balance	10,175	10,457	10,457
Number of Options, Granted		175
Number of Options, Exercised	(70)	(131)
Number of Options, Cancelled and forfeited		(326)
Number of Options, Ending Balance	10,105	10,175	10,105	10,457
Vested options as of June 30, 2022			8,173
Weighted-Average Exercise Price, Beginning Balance	$ 0.66	$ 0.51	$ 0.51
Weighted-Average Exercise Price, Granted		9.58
Weighted-Average Exercise Price, Exercised	0.47	0.47
Weighted-Average Exercise Price, Cancelled and forfeited		0.47
Weighted-Average Exercise Price, Ending Balance	$ 0.67	$ 0.66	0.67	$ 0.51
Weighted-Average Exercise Price, Vested options as of June 30, 2022			$ 0.49
Weighted Average Remaining Contractual Life (Years), Balance	7 years 6 months	7 years 9 months		7 years 11 months 15 days
Weighted Average Remaining Contractual Life (Years), Vested options as of June 30, 2022			7 years 3 months 18 days

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Restricted Stock Units Activity (Details) - Restricted Stock Units - $ / shares shares in Thousands	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Restricted Stock Units, Beginning Balance	9,045	7,671
Number of Restricted Stock Units, Awarded	387	1,510
Number of Restricted Stock Units, Cancelled		(136)
Number of Restricted Stock Units, Vested or distributed	(2,153)
Number of Restricted Stock Units, Ending Balance	7,279	9,045
Weighted Average Grant Date Fair Value, Beginning Balance	$ 5.29	$ 4.98
Weighted Average Grant Date Fair Value, Granted	4.44	7.54
Weighted Average Grant Date Fair Value, Vested or distributed	4.56
Weighted Average Grant Date Fair Value, Cancelled		4.82
Weighted Average Grant Date Fair Value, Ending Balance	$ 5.43	$ 5.29

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Compensation expense	$ 3,823	$ 428	$ 7,346	$ 855
Research and Development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Compensation expense	933	52	1,814	107
Sales and Marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Compensation expense	590	16	1,129	32
General and Administrative Expense
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Compensation expense	$ 2,300	$ 360	$ 4,403	$ 716

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Valuation Allowance [Line Items]
Effective tax rate, percent	3.79%	(0.41%)	10.61%	(0.45%)
U.S. statutory rate	21%		21%
SightPlan
Valuation Allowance [Line Items]
Deferred tax asset, valuation allowance increase (release)	$ (1,045)		$ (5,889)

Net Loss Per Share - Summary of

Net Loss Per Share - Summary of Computation of Diluted Net Loss per Share Attributable to Common Stockholders (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	22,422	142,647	22,422	142,647
Convertible Preferred Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		121,226		121,226
Common Stock Options and Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	17,384	18,509	17,384	18,509
Warrant
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,664	161	3,664	161
Shares Subject to Repurchase
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,374	2,750	1,374	2,750

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Details) - USD ($)		3 Months Ended		6 Months Ended
	Mar. 22, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
Related-party expenses		$ 0
Director
Related Party Transaction [Line Items]
Payment to related party upon conversion and cancellation of convertible notes	$ 458,000
RET
Related Party Transaction [Line Items]
Consideration paid to affiliates	$ 22,271,000
RET | Minimum
Related Party Transaction [Line Items]
Percentage of holding of fully diluted shares outstanding	17%
RET | Class A Common Stock | Minimum
Related Party Transaction [Line Items]
Percentage of outstanding shares held	5%
Sales and Marketing
Related Party Transaction [Line Items]
Related party transaction, selling, general and administrative expenses from transactions with related party		$ 0	$ 149,000	$ 217,000	$ 359,000
Research and Development
Related Party Transaction [Line Items]
Professional fees			$ 23,000	$ 20,000	$ 38,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Loss contingency, accruals	$ 0	$ 0

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details)			3 Months Ended			6 Months Ended		12 Months Ended
	Mar. 22, 2022 USD ($)	Dec. 31, 2021 USD ($) EarnoutPayment	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Aug. 24, 2021 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 12,666,000	$ 117,889,000			$ 117,889,000		$ 12,666,000	$ 0
Amortization of intangible assets			1,056,000		$ 0	1,275,000	$ 0
Compensation expense			3,823,000		428,000	7,346,000	855,000
Gain (loss) on remeasurement of fair value of earn out liability			0			0
Income tax benefit			1,009,000		(41,000)	5,816,000	(87,000)
General and Administrative Expense
Business Acquisition [Line Items]
Compensation expense			2,300,000		$ 360,000	4,403,000	$ 716,000
iQuue
Business Acquisition [Line Items]
Cash paid at acquisition		6,192,000
Goodwill		8,504,000	8,504,000			8,504,000		8,504,000
Amortization of intangible assets			140,000			$ 281,000		0
Goodwill deductible income tax period						15 years
Intangible assets deductible income tax period						15 years
Compensation expense			79,000			$ 141,000
Cash and restricted cash consideration		7,213,000
Estimated fair market value of contingent consideration		$ 5,230,000
Change to fair value of earnout			0			0
Number of earnout payments | EarnoutPayment		3
Networking capital adjustment		$ 508,000				508,000
Cash placed in escrow accounts		1,021,000
Maximum value of earnout payments						$ 6,375,000
Period over which amount of consideration payable to former shareholders						3 years
Post-combination expense, service period						3 years
Cash deposited in escrow			742,000			$ 742,000
Accounts receivable		721,000	721,000			721,000		721,000
Gross amount due under contracts for accounts receivable expected to be collected			721,000			721,000
Intangible assets		3,590,000	3,590,000			3,590,000		3,590,000
iQuue | Customer Relationships
Business Acquisition [Line Items]
Intangible assets		$ 3,290,000						3,290,000
iQuue | Maximum
Business Acquisition [Line Items]
Amount agreed to pay to former shareholders			742,000			742,000
iQuue | General and Administrative Expense
Business Acquisition [Line Items]
Compensation expense			174,000			311,000
Business combination, other non-recurring acquisition related costs			0			97,000
SightPlan
Business Acquisition [Line Items]
Cash paid at acquisition	$ 130,931,000
Goodwill	105,223,000		105,223,000			105,223,000
Amortization of intangible assets			917,000			$ 995,000		$ 0
Equity interests purchased	135,000,000
Intangible assets deductible income tax period						15 years
Cash and restricted cash consideration	131,781,000
Networking capital adjustment	(127,000)
Cash placed in escrow accounts	850,000
Amount agreed to pay to former shareholders	$ 5,760,000
Period over which amount of consideration payable to former shareholders	1 year
Post-combination expense, service period	1 year
Cash deposited in escrow			5,760,000			$ 5,760,000
Accounts receivable	$ 1,255,000		1,255,000			1,255,000
Gross amount due under contracts for accounts receivable expected to be collected			1,284,000			1,284,000
Intangible assets	30,900,000		30,900,000	$ 30,900,000		30,900,000
Business combination, post-closing downward adjustment	127,000
Decrease in goodwill			3,221,000
Deferred tax liability	$ 6,569,000		1,179,000			1,179,000
Income tax benefit				1,044,000
SightPlan | Customer Relationships
Business Acquisition [Line Items]
Intangible assets				19,700,000
Increase in Intangible assets			4,400,000
SightPlan | General and Administrative Expense
Business Acquisition [Line Items]
Compensation expense			1,656,000			1,798,000
Business combination, other non-recurring acquisition related costs			$ 119,000			$ 642,000
Increase in amortization expense				$ 121,000

Acquisitions - Schedule of Tota

Acquisitions - Schedule of Total Purchase Consideration and Fair Values of Acquired Assets and Liabilities at Acquisition Date (Details) - USD ($)			6 Months Ended
	Mar. 22, 2022	Dec. 31, 2021	Jun. 30, 2022	Mar. 31, 2022	Aug. 24, 2021
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 12,666,000	$ 117,889,000		$ 0
iQuue
Consideration
Cash paid at acquisition		6,192,000
Contingent consideration		5,230,000
Cash consideration held in escrow		1,021,000
Net working capital adjustment		508,000	508,000
Fair Value of Total Consideration Transferred		12,951,000
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash		290,000
Accounts receivable, net		721,000	721,000
Inventory		49,000
Intangible assets		3,590,000	3,590,000
Prepaid expenses and other current assets		5,000
Total identifiable assets acquired		4,655,000
Accounts payable		48,000
Deferred revenue		91,000
Accrued expenses and other current liabilities		69,000
Total liabilities assumed		208,000
Total identifiable net assets		4,447,000
Goodwill		$ 8,504,000	8,504,000
SightPlan
Consideration
Cash paid at acquisition	$ 130,931,000
Cash consideration held in escrow	850,000
Net working capital adjustment	(127,000)
Fair Value of Total Consideration Transferred	131,654,000
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash	1,978,000
Accounts receivable, net	1,255,000		1,255,000
Intangible assets	30,900,000		30,900,000	$ 30,900,000
Other assets	749,000
Total identifiable assets acquired	34,882,000
Accounts payable	6,000
Deferred revenue	885,000
Accrued expenses and other current liabilities	735,000
Deferred tax liability (Note 9)	6,569,000		1,179,000
Other long-term liabilities	256,000
Total liabilities assumed	8,451,000
Total identifiable net assets	26,431,000
Goodwill	$ 105,223,000		$ 105,223,000

Acquisitions - Schedule of Reco

Acquisitions - Schedule of Reconciles the Elements Of Acquisition to Consolidated Statement of Cash Flows (Details) - SightPlan - USD ($) $ in Thousands		6 Months Ended
	Mar. 22, 2022	Jun. 30, 2022
Business Acquisition [Line Items]
Cash paid at acquisition	$ 130,931
Cash acquired	(1,978)
Payment of acquisition consideration, net of cash acquired	$ 128,953	$ 128,953

Acquisitions - Schedule of Re_2

Acquisitions - Schedule of Recorded Intangible Assets at Fair Value (Details) - USD ($) $ in Thousands		3 Months Ended
	Dec. 31, 2021	Mar. 31, 2022	Jun. 30, 2022	Mar. 22, 2022
iQuue
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 3,590		$ 3,590
iQuue | Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	13 years
Total intangible assets	$ 3,290
iQuue | Developed Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	1 year
Total intangible assets	$ 300
SightPlan
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets		$ 30,900	$ 30,900	$ 30,900
SightPlan | Trade Name
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)		5 years
Total intangible assets		$ 900
SightPlan | Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)		10 years
Total intangible assets		$ 19,700
SightPlan | Developed Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)		7 years
Total intangible assets		$ 10,300

Acquisition - Schedule of Pro F

Acquisition - Schedule of Pro Forma Operating Results (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Combinations [Abstract]
Revenues	$ 42,409	$ 23,727	$ 82,120	$ 44,750

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - shares	1 Months Ended	2 Months Ended	3 Months Ended
	Jul. 31, 2022	Aug. 31, 2022	Jun. 30, 2022
RSUs
Subsequent Event [Line Items]
RSUs vested pursuant			2,153,000
Subsequent Event | RSUs | Employee | 2021 Equity Incentive Plan
Subsequent Event [Line Items]
RSUs vested pursuant	146
Subsequent Event | Stock option | Employee | 2021 Equity Incentive Plan
Subsequent Event [Line Items]
Stock options exercised		133