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Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit) - USD ($)
$ in Thousands
Total
Retroactive application of Exchange Ratio
Previously Reported
Series B
Series B-1
Common Stock
Common Stock
Retroactive application of Exchange Ratio
Common Stock
Previously Reported
Additional Paid-in Capital
Additional Paid-in Capital
Retroactive application of Exchange Ratio
Additional Paid-in Capital
Previously Reported
Other Comprehensive Loss
Other Comprehensive Loss
Retroactive application of Exchange Ratio
Other Comprehensive Loss
Previously Reported
Accumulated Deficit
Accumulated Deficit
Retroactive application of Exchange Ratio
Accumulated Deficit
Previously Reported
Temporary equity, beginning balance (in shares) at Dec. 31, 2018 45,145,000 (5,178,000) 50,323,000                            
Temporary equity, beginning balance at Dec. 31, 2018 $ 83,449 $ 0 $ 83,449                            
Increase (Decrease) in Temporary Equity [Roll Forward]                                  
Issuance of Series Preferred stock for cash, net of issuance costs (in shares)       71,000 13,659,000                        
Issuance of Series Preferred stock for cash, net of issuance costs       $ 246 $ 56,542                        
Issuance of Series B-2 Preferred stock for conversion of convertible promissory notes and accrued interest (in shares) 2,413,000                                
Issuance of Series B-2 Preferred stock for conversion of convertible promissory notes and accrued interest $ 10,068                                
Temporary equity, ending balance (in shares) at Dec. 31, 2019 61,288,000                                
Temporary equity, ending balance at Dec. 31, 2019 $ 150,305                                
Beginning balance (in shares) at Dec. 31, 2018           4,915,000 (564,000) 5,479,000                  
Beginning balance at Dec. 31, 2018 (44,252) $ 0 $ (44,252)     $ 0 $ 0 $ 0 $ 1,715 $ 0 $ 1,715 $ 0 $ 0 $ 0 $ (45,967) $ 0 $ (45,967)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Exercises of common stock options (in shares)           2,117,000                      
Exercises of common stock options 304               304                
Common stock warrants issued 38               38                
Foreign currency translation adjustment 0                                
Net loss (50,226)                           (50,226)    
Stock-based compensation 3,667               3,667                
Unrealized loss on available-for-sale securities 0                                
Ending balance (in shares) at Dec. 31, 2019           7,032,000                      
Ending balance at Dec. 31, 2019 $ (90,469)         $ 0     5,724     0     (96,193)    
Increase (Decrease) in Temporary Equity [Roll Forward]                                  
Issuance of Series Preferred stock for cash, net of issuance costs (in shares)         2,468,000                        
Issuance of Series Preferred stock for cash, net of issuance costs         $ 10,300                        
Temporary equity, ending balance (in shares) at Dec. 31, 2020 63,756,438                                
Temporary equity, ending balance at Dec. 31, 2020 [1] $ 160,605                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Exercises of common stock options (in shares)           1,137,000                      
Exercises of common stock options 226               226                
Common stock warrants issued 391               391                
Foreign currency translation adjustment 9                     9          
Net loss (65,994)                           (65,994)    
Stock-based compensation 1,560               1,560                
Unrealized loss on available-for-sale securities $ 0                                
Ending balance (in shares) at Dec. 31, 2020 8,168,780         8,169,000                      
Ending balance at Dec. 31, 2020 $ (154,277)         $ 0     7,901     9     (162,187)    
Increase (Decrease) in Temporary Equity [Roll Forward]                                  
Conversion of redeeemable convertible preferred stock to common shares (in shares) (63,756,000)                                
Conversion of redeemable convertible preferred stock to common shares $ (160,605)                                
Temporary equity, ending balance (in shares) at Dec. 31, 2021 0                                
Temporary equity, ending balance at Dec. 31, 2021 [1] $ 0                                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Exercises of common stock options (in shares) 6,246,083         6,310,000                      
Exercises of common stock options $ 3,254         $ 8     3,246                
Conversion of Convertible Notes (in shares)           6,925,000                      
Conversion of Convertible Notes 69,252               69,252                
Conversion of Legacy Latch warrants (in shares)           233,000                      
Conversion of Legacy Latch warrants 2,143               2,143                
Stock issued during period, conversion of convertible securities (in shares)           63,756,000                      
Conversion of redeemable convertible preferred stock to common shares 160,605         $ 1     160,604                
Reverse recapitalization, net of transaction costs (in shares) [2]           56,011,000                      
Reverse recapitalization, net of transaction costs [2] 434,593         $ 14     434,579                
Issuance of common stock upon settlement of restricted stock units (in shares)           382,000                      
Issuance of common stock upon settlement of restricted stock units 4         $ 4                      
Tax withholdings on settlement of equity awards (in shares)           (193,000)                      
Tax withholdings on settlement of equity awards (1,798)         $ (2)     (1,796)                
Foreign currency translation adjustment (8)                     (8)          
Net loss (166,319)                           (166,319)    
Stock-based compensation 30,784               30,784                
Unrealized loss on available-for-sale securities $ (677)                     (677)          
Ending balance (in shares) at Dec. 31, 2021 141,592,388         141,593,000                      
Ending balance at Dec. 31, 2021 $ 377,556         $ 25     $ 706,713     $ (676)     $ (328,506)    
[1] Shares outstanding for all periods reflect the adjustment for the Exchange Ratio as a result of the Business Combination. Shares issued and outstanding as of December 31, 2021 excludes 738,000 shares subject to vesting requirements. See Note 1, Description of Business.
[2] Excludes 738,000 shares subject to vesting requirements. See Note 1, Description of Business.