XML 54 R40.htm IDEA: XBRL DOCUMENT
v3.21.4

Stock Incentive Plans (Tables) - Planet Labs Inc [Member] | 9 Months Ended | 12 Months Ended
--- | --- | ---
Oct. 31, 2021 | Jan. 31, 2021
Stock Incentive Plans [Line Items] |  |
Summary of share based payment arrangement option activity | A summary of stock option activity under the Plan is as follows:
|  | Options Outstanding |
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Term (Years) |  |  | Aggregate Intrinsic Value (in thousands) |
Balances at January 31, 2021 |  |  | 25,620,937 |  |  | $ | 4.88 |  |  |  | 7.21 |  |  |  |  |
Exercised |  |  | (2,749,340 | ) |  |  | 9.02 |  |  |  |  |  |  |  |  |
Granted |  |  | 7,957,396 |  |  |  | 13.92 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (1,767,093 | ) |  |  | 5.88 |  |  |  |  |  |  |  |  |
Balances at October 31, 2021 |  |  | 29,061,900 |  |  | $ | 6.90 |  |  |  | 7.17 |  |  | $ | 264,080 |
Vested and exercisable |  |  | 17,187,395 |  |  | $ | 4.56 |  |  |  | 5.89 |  |  | $ | 196,513 |
| A summary of stock option activity under the Plan is as follows:
|  | Options Outstanding |
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Term (Years) |  |  | Aggregate Intrinsic Value (in thousands) |
Balances at February 1, 2019 |  |  | 15,684,075 |  |  | $ | 3.42 |  |  |  | 7.07 |  |  |  |  |
Exercised |  |  | (111,910 | ) |  |  | 2.36 |  |  |  |  |  |  |  |  |
Granted |  |  | 6,876,680 |  |  |  | 6.01 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (2,355,113 | ) |  |  | 4.71 |  |  |  |  |  |  |  |  |
Balances at January 31, 2020 |  |  | 20,093,732 |  |  |  | 4.16 |  |  |  | 7.13 |  |  |  |  |
Exercised |  |  | (1,090,700 | ) |  |  | 0.49 |  |  |  |  |  |  |  |  |
Granted |  |  | 8,000,619 |  |  |  | 6.19 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (1,382,714 | ) |  |  | 5.45 |  |  |  |  |  |  |  |  |
Balances at January 31, 2021 |  |  | 25,620,937 |  |  | $ | 4.88 |  |  |  | 7.21 |  |  | $ | 80,964 |
Vested and exercisable |  |  | 15,849,747 |  |  | $ | 4.14 |  |  |  | 6.15 |  |  | $ | 61,882 |
Summary of Share based payment arrangement option exercise price range |  | A summary of options outstanding and exercisable by price at January 31, 2021 are as follows:
|  | Options Outstanding |  |  | Options Exercisable |
Exercise Price |  | Number of Options |  |  | Weighted Average Remaining Contractual Life (in Years) |  |  | Number of Options |  |  | Weighted Average Remaining Contractual Life (in Years) |
$0.00002 |  |  | 48,995 |  |  |  | 0.64 |  |  |  | 48,995 |  |  |  | 0.64 |
0.014 |  |  | 187,500 |  |  |  | 0.79 |  |  |  | 187,500 |  |  |  | 0.79 |
0.070 |  |  | 25,000 |  |  |  | 1.46 |  |  |  | 25,000 |  |  |  | 1.46 |
0.106 |  |  | 545,050 |  |  |  | 2.58 |  |  |  | 545,050 |  |  |  | 2.58 |
0.856 |  |  | 2,218,795 |  |  |  | 3.57 |  |  |  | 2,218,795 |  |  |  | 3.57 |
2.768 |  |  | 1,426,495 |  |  |  | 4.25 |  |  |  | 1,426,495 |  |  |  | 4.25 |
3.102 |  |  | 1,445,855 |  |  |  | 4.73 |  |  |  | 1,445,855 |  |  |  | 4.73 |
3.560 |  |  | 1,629,030 |  |  |  | 5.21 |  |  |  | 1,629,030 |  |  |  | 5.21 |
5.234 |  |  | 203,765 |  |  |  | 6.01 |  |  |  | 203,765 |  |  |  | 6.01 |
5.650 |  |  | 2,334,810 |  |  |  | 6.40 |  |  |  | 2,125,470 |  |  |  | 6.39 |
5.846 |  |  | 1,802,595 |  |  |  | 7.59 |  |  |  | 1,164,672 |  |  |  | 7.57 |
6.006 |  |  | 5,907,345 |  |  |  | 8.52 |  |  |  | 2,283,987 |  |  |  | 8.50 |
6.190 |  |  | 7,845,702 |  |  |  | 9.4 |  |  |  | 2,545,133 |  |  |  | 9.26 |
|  |  | 25,620,937 |  |  |  |  |  |  |  | 15,849,747 |  |  |  |  |
Schedule of share based payment award stock options valuation assumptions | The fair value of the employee stock options granted during the nine months ended October 31, 2021 and 2020 was estimated using the following assumptions:
|  | Nine Months Ended October 31,
|  | 2021 |  | 2020
Weighted-average expected term (years) |  | 2.62 - 7.32 |  | 5.08 - 6.65
Expected volatility |  | 42.45% - 48.39% |  | 42.45% - 44.28%
Risk-free interest rate |  | 0.37% - 1.23% |  | 0.31% - 0.46%
Dividend yield |  | 0.00% |  | 0.00%
| The fair value of shares vested during the year ended January 31, 2021 was $10.2 million. The fair value of the employee stock options granted during the years ended January 31, 2021 and 2020 was estimated using the following assumptions:
|  | Year Ended January 31, |
|  | 2021 |  |  | 2020 |
Weighted-average expected term (years) |  |  | 5.02 - 6.76 |  |  |  | 5.08 - 6.83 |
Expected volatility |  |  | 42.45% - 44.71 | % |  |  | 38.13% - 39.85 | %
Risk-free interest rate |  |  | 0.31% - 0.52 | % |  |  | 1.67% - 2.54 | %
Dividend yield |  |  | — |  |  |  | — |
Share based payment arrangement expensed and capitalized amount | Stock-based compensation expense related to options granted to employees and nonemployees was recognized as follows:
|  | Nine Months Ended October 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Cost of revenue |  | $ | 688 |  |  | $ | 585 |
Research and development |  |  | 4,582 |  |  |  | 2,898 |
Sales and marketing |  |  | 1,959 |  |  |  | 1,193 |
General and administrative |  |  | 5,904 |  |  |  | 6,805 |
Total expense |  | $ | 13,133 |  |  | $ | 11,481 |
Capitalized internal-use software development costs |  |  | (514 | ) |  |  | (392 | )
Total stock-based compensation expense |  | $ | 12,619 |  |  | $ | 11,089 |
| Stock-based compensation expense related to options granted to employees and nonemployees was recognized as follows:
|  | Year Ended January 31, |
(in thousands) |  | 2021 |  |  | 2020 |
Cost of revenue |  | $ | 843 |  |  | $ | 788 |
Research and development |  |  | 4,109 |  |  |  | 2,754 |
Sales and marketing |  |  | 1,687 |  |  |  | 1,234 |
General and administrative |  |  | 7,899 |  |  |  | 1,252 |
Total expense |  |  | 14,538 |  |  |  | 6,028 |
Capitalized internal-use software development costs |  |  | (526 | ) |  |  | (957 | )
Total stock-based compensation expense |  | $ | 14,012 |  |  | $ | 5,071 |
Share based payment arrangement restricted stock unit activity | A summary of RSU activity under the Plan is as follows:
|  | Number of RSUs |  |  | Weighted Average Grant Date Fair Value |
Balances at January 31, 2021 |  |  | 1,085,610 |  |  | $ | 6.09 |
Granted |  |  | 2,531,752 |  |  |  |  |
Forfeited |  |  | (132,359 | ) |  | $ | 7.30 |
Balances at October 31, 2021 |  |  | 3,485,003 |  |  | $ | 11.99 |
| A summary of RSU activity under the Plan is as follows:
|  | Number of RSUs |  |  | Weighted Average Grant Date Fair Value |
Balances at February 1, 2019 |  |  | 803,430 |  |  | $ | 5.985 |
Vested |  |  | — |  |  |  | — |
Granted |  |  | 587,500 |  |  |  | 6.109 |
Forfeited |  |  | (450,000 | ) |  |  | 6.041 |
Balances at January 31, 2020 |  |  | 940,930 |  |  | $ | 6.036 |
Vested |  |  | — |  |  |  | — |
Granted |  |  | 200,000 |  |  |  | 6.470 |
Forfeited |  |  | (55,320 | ) |  |  | 5.984 |
Balances at January 31, 2021 |  |  | 1,085,610 |  |  | $ | 6.091 |

X
- Definition Stock incentive plans. + References No definition available. + Details
Name: | dmyq_StockIncentivePlansLineItems
Namespace Prefix: | dmyq_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=dmyq_PlanetLabsIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |