Mission Statement, Vision, & Core Values of Matterport, Inc. (MTTR)

A company's Mission Statement, Vision, and Core Values are not just words on a wall; they are the strategic scaffolding that supported Matterport, Inc.'s growth to an Annualized Recurring Revenue (ARR) of $104.2 million by the end of 2024, just before the CoStar Group acquisition in February 2025. You're looking at a company whose mission-to digitize and index the built world-has already resulted in over 50.7 billion square feet of space under management, a 33% year-over-year jump, which defintely shows execution. But with the firm now operating as a subsidiary of a major competitor to its key customers, does the original vision to transform interaction with spaces still hold up, and how do those core values translate into the new, post-acquisition reality?

Matterport, Inc. (MTTR) Overview

You're looking for the foundational strength of Matterport, Inc., especially after its big 2025 acquisition. The direct takeaway is this: Matterport is the leading spatial data company that pioneered the digital twin (a virtual copy of a physical space) industry, and its recent shift to operating as a subsidiary of CoStar Group, Inc. in February 2025 has cemented its long-term strategic position in real estate data.

Matterport was founded in 2011, focusing on the digitization and datafication of the built world. Its core offering is a cloud-based platform that processes captured data-from professional 3D cameras like the Matterport Pro3 to a simple smartphone capture solution-to create dimensionally accurate, immersive digital twins. This technology is used across a diverse set of markets, including residential and commercial real estate, facilities management, and Architecture, Engineering, and Construction (AEC).

By the time of its acquisition, the company had built the world's largest spatial data library, with over 50 billion square feet under management and a massive base of 1.2 million total subscribers. That's a huge, defintely sticky user base. Matterport Axis, a motor-mount accessory for smartphones, is a great example of how they make professional-grade capture accessible to everyone, which is key to their strategy.

Here's the quick math on their reach:

• Total Subscribers: Over 1.2 million.
• Spaces Digitized: More than 14 million spaces.
• Global Footprint: Across 177 countries.

Latest Financial Performance and Strategic Shift

The latest public financial data, right before the acquisition, showed strong momentum, particularly in recurring revenue. For the full fiscal year 2024, Matterport reported total revenue of $169.7 million, a solid increase from the prior year. More importantly, the subscription revenue-the true measure of a Software as a Service (SaaS) business's health-hit a record $99.6 million for the year, representing a 14% year-over-year growth.

You need to look at the Annualized Recurring Revenue (ARR) to see the forward trend. In the fourth quarter of 2024, ARR grew to $104.2 million, showing the platform's stickiness and the success of its subscription-first model. What this estimate hides, of course, is the shift in reporting; since the acquisition by CoStar Group, Inc. was completed in early 2025, full public fiscal year 2025 data is no longer available, but the last reported public numbers show a company achieving significant scale and improving its non-GAAP net loss per share by over 70% in 2024.

The focus on subscription growth is the right action. It builds predictable, high-margin revenue, which is why CoStar Group, Inc. made the move.

Matterport's Industry Leadership in Digital Twins

Matterport is not just a participant; it's a pioneer in the digital twin (a virtual representation of a physical asset) industry. The company has successfully positioned itself as the definitive platform for understanding and interacting with the built world. Their vision is clear: every physical space should have a dynamic, comprehensive digital twin, unlocking unprecedented insights and efficiencies for everyone from property owners to insurance adjusters.

This leadership is demonstrated by the sheer scale of their spatial data library, which is the largest and most precise in the world. Plus, they are actively shaping the industry conversation, sponsoring the 2025 Digital Twin Awards to recognize and inspire innovation across the globe. This strategic move reinforces their role as a thought leader and a central hub for the digital twin community.

Their technology is now a core component of CoStar Group, Inc.'s strategy to bring AI-powered intelligence and 3D digital twins to the global property market. To be fair, that combination is a powerful catalyst for growth. If you want to dive deeper into the players driving this growth and the valuation models, you should read Exploring Matterport, Inc. (MTTR) Investor Profile: Who's Buying and Why?

Matterport, Inc. (MTTR) Mission Statement

You're looking for the foundational strategy that drives Matterport, Inc.'s growth, especially after the major shift in early 2025. The company's mission is the blueprint for its market dominance in spatial data: Digitize and index the built world, and transform the way people interact with places. This isn't just a feel-good phrase; it's a guide that has anchored the company's product development and its subscription-first business model, which is why Annualized Recurring Revenue (ARR) crossed the $100 million milestone in late 2024.

A mission statement's value is in its execution, and for Matterport, Inc., it's about turning the world's largest asset class-real estate-into actionable data. The strategic focus is clear: build the world's most comprehensive spatial data library. This vision is what made the company an attractive target for the CoStar Group, Inc. acquisition, which closed in February 2025. The mission has three core components that map directly to the company's operational priorities and financial results.

To understand the full context of this mission and the company's structure, you should also review Matterport, Inc. (MTTR): History, Ownership, Mission, How It Works & Makes Money.

Component 1: Digitize and Index the Built World

This part of the mission is the engine of Matterport, Inc.'s platform: converting physical spaces into precise, data-rich digital twins. It's a massive undertaking, considering the global building stock is a $327 trillion asset class. The company is a pioneer in spatial computing, using its proprietary Cortex AI (artificial intelligence) to automatically process raw 3D capture data into dimensionally accurate models, or digital twins. This is a huge competitive moat.

The numbers show the scale of this digitization effort. As of the end of the 2024 fiscal year, Matterport, Inc. had digitized and managed over 14.1 million spaces, representing a total of 50.7 billion square feet of space. That's a 33% year-over-year increase in square footage managed. The sheer volume of this indexed data is what creates value for customers in construction, real estate, and insurance, allowing them to manage assets remotely, which reduces the need for costly, time-consuming site visits.

• Convert physical spaces into digital twins.
• Index data for actionable property insights.
• Scale the world's largest spatial data library.

Component 2: Transform the Way People Interact with Places

The second component moves beyond mere data collection to value creation. The goal is to fundamentally change how professionals and consumers use and experience buildings, making spaces more valuable and accessible. This is where the company's subscription-based software-as-a-service (SaaS) platform, Matterport Cloud, comes into play, delivering tools that streamline workflows and enhance decision-making.

For example, the 2025 Winter Release introduced the Matterport Marketing Cloud, an all-in-one platform for real estate agents. This innovation transforms interaction by providing a complete, ready-to-use digital marketing package-including a 3D virtual tour, high-resolution images, and AI-generated property descriptions-within approximately one to two business days. This kind of automation is a direct result of the mission, saving customers time and money. Honestly, that one-click defurnish tool is a game-changer for staging listings.

Component 3: Commitment to High-Quality Products and Services

While not a separate line in the mission, a commitment to quality and customer success is woven into Matterport, Inc.'s core values: Be a leader, Be the customer, Be inclusive. This focus is essential for a subscription business, where retention is everything. The company's financial health is a strong indicator of this commitment.

Here's the quick math: For the 2024 fiscal year, Matterport, Inc. reported total revenue of $169.7 million. Of that, subscription revenue-the recurring, high-margin stream that signals customer satisfaction-was a record $99.6 million, up 14% year-over-year. Plus, the total subscriber base grew to 1.2 million, a 23% rise, showing strong market adoption. This growth is defintely driven by continuous product innovation, like new features for multi-user scanning and model merge, which help enterprise customers manage large, complex projects more efficiently.

Matterport, Inc. (MTTR) Vision Statement

The vision of Matterport, Inc. is to transform the way people interact with places, moving the physical world into a digital, data-rich format. This goal is directly supported by its mission to digitize and index the built world, a strategy that has culminated in the company's acquisition by CoStar Group, Inc. in early 2025, signaling a massive scaling of this vision within the global real estate market.

For you as an investor or strategist, the key takeaway is that Matterport's value now rests on the successful integration of its spatial data platform into CoStar Group's vast commercial real estate network. The last full-year financial data before the acquisition shows the strength of this model: a total revenue of $169.7 million in fiscal year 2024, with subscription revenue growing 14% year-over-year to $99.6 million. That's a strong foundation.

Digitizing the Built World: The Mission's Financial Impact

Matterport's mission is simple: to digitize and index the built world. This isn't just about creating a 3D model; it's about turning buildings into usable, measurable data-a 'digital twin' (a virtual representation of a physical asset). This mission directly drives the subscription-based revenue model, which is the most valuable part of the business.

The financial results reflect this focus. Annualized Recurring Revenue (ARR) hit a record of $104.2 million in the fourth quarter of 2024, showing the reliable, compounding nature of the subscription business. Here's the quick math: with a total of 1.2 million subscribers as of the end of 2024, up 23% year-over-year, the platform's stickiness is clear. To be fair, the company was still operating at a net loss of $0.80 per share for FY2024, but the non-GAAP net loss per share improved by 73% to just $0.06, showing a clear path toward profitability before the acquisition.

Transforming Interaction: Growth in Spaces and Subscribers

The vision to transform how you interact with spaces is what makes the technology so compelling across industries like real estate, construction, and facilities management. This is where the sheer scale of the platform comes into play. As of the end of 2024, Matterport had digitized and managed over 50.7 billion square feet of space, a 33% jump from the prior year. This is a huge, defintely sticky asset base.

The pending acquisition by CoStar Group, Inc., expected to be completed in the first quarter of 2025, is the ultimate validation of this vision. CoStar Group, a major player in commercial real estate data, is essentially paying to integrate Matterport's digital twin technology into its core offerings. For the trailing twelve months (TTM) leading up to November 2025, the company's revenue was approximately $0.16 Billion USD, indicating continued top-line performance even amid the corporate transition. This strategic move is the clear action that maps the near-term risk of a standalone growth path to the opportunity of massive, immediate scaling within a larger, more profitable entity. You can get more context on this shift in our analysis: Exploring Matterport, Inc. (MTTR) Investor Profile: Who's Buying and Why?

Core Values in Action: Innovation and Operational Efficiency

The core values-Innovation, Customer Focus, Integrity, and Collaboration-are what translate the vision into product reality. Innovation is particularly critical in the spatial data market, so Matterport continually rolls out new AI-driven capabilities. The 2025 Winter Release, for example, introduced tools like one-click defurnishing and the Matterport Marketing Cloud, which streamline workflows for real estate agents and property managers.

This focus on efficiency isn't just a marketing point; it's a financial one. The operational efficiency driven by these innovations is what helped improve the non-GAAP net loss per share by 73% in 2024. The core values push the company to create products that save customers time and money, which in turn drives the 14% growth in high-margin subscription revenue. That's how product innovation directly impacts the bottom line, even as the company scales.

• Innovation: Drives AI-powered productivity tools.
• Customer Focus: Led to the Matterport Marketing Cloud launch.
• Operational Efficiency: Improved non-GAAP net loss by 73%.

This disciplined approach to growth and innovation is what made Matterport an attractive target, and it's what will drive its value within the CoStar Group, Inc. portfolio.

Matterport, Inc. (MTTR) Core Values

You're looking for the bedrock principles that guide Matterport, Inc., especially now that they are operating as a subsidiary of CoStar Group following the February 2025 acquisition. It's a smart move to check the values because they dictate the long-term strategy, even under new ownership. The company's focus remains squarely on digitizing the built world, and their core values-Innovation, Customer Focus, Integrity, and Collaboration-show exactly where they're putting their resources and energy.

Honestly, a company's values are just words until you see the budget behind them. For Matterport, the numbers from the 2024 fiscal year and the actions taken in 2025 defintely prove their commitment.

Innovation

Innovation is the engine that drives Matterport's entire digital twin platform. It's not just a buzzword; it's a massive capital expenditure. In the 2024 fiscal year, the company spent a substantial $73.5 million on research and development (R&D), which represented nearly half of their total revenue.

This investment is what led to the 2025 Winter Release, which is a clear, near-term action. The release introduced AI-powered features like a one-click defurnish tool and Model Merge, which allows users to seamlessly combine multiple scans of a large property. That's how you turn a physical space into a dimensionally accurate, photorealistic digital twin without the usual headaches.

• Fund R&D to drive new AI tools.
• Launch new features to simplify complex tasks.
• Maintain a first-mover advantage in spatial data.

Here's the quick math: high R&D spending relative to revenue means they are prioritizing product leadership over short-term profit margins, a classic growth-stage mindset that CoStar Group is now inheriting. It's a technology-first business model. You can read more about this model here: Matterport, Inc. (MTTR): History, Ownership, Mission, How It Works & Makes Money.

Customer Focus

Matterport's customer focus centers on making their platform accessible and valuable to a diverse user base, from individual real estate agents to large enterprises. They measure success by how many people are using the platform and how much space they're managing. As of the end of the 2024 fiscal year, the company had grown to 1.2 million total subscribers, an increase of 23% year-over-year. That's a lot of people who trust the platform.

The total square footage under management (SFM)-the size of spaces scanned and filed-reached 50.7 billion square feet in 2024, a 33% increase from the prior year. That growth is a direct result of solving real customer problems. The Matterport Marketing Cloud, unveiled in the 2025 Winter Release, is a perfect example: it's an all-in-one, AI-powered platform designed to streamline property marketing for real estate professionals, simplifying media creation and distribution. It's about making the customer's workflow faster, so they can close deals quicker.

Integrity and Collaboration

Integrity, for Matterport, extends beyond simple ethical compliance to a commitment to social and environmental responsibility (ESG). This value is crucial for attracting both customers and top-tier talent in 2025. The company has set clear, measurable targets in its Environmental, Social, and Governance report.

For example, Matterport is committed to transitioning to recyclable or renewable packaging for all Pro3 cameras by the end of 2025. This is a concrete action with a clear deadline. On the social side, which touches on internal integrity and collaboration, they have a target to achieve gender parity among all full-time employees by 2030.

Collaboration is also evident in their product's impact. By using digital twins, Matterport helps its customers avoid an estimated average of 0.55 tonnes of CO2 equivalent (tCO2e) per year per creator by reducing the need for physical site visits. That's a collaborative win for the environment and a cost saving for the customer. The acquisition by CoStar Group in February 2025 is the ultimate act of corporate collaboration, positioning Matterport to accelerate innovation and deepen AI-driven analytics with a much larger partner.