Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | May 03, 2018 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | AYX | |
Entity Registrant Name | Alteryx, Inc. | |
Entity Central Index Key | 1,689,923 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Class A Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 28,653,786 | |
Class B Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 31,951,729 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Income Statement [Abstract] | ||
Revenue | $ 42,821 | $ 28,545 |
Cost of revenue | 5,004 | 4,826 |
Gross profit | 37,817 | 23,719 |
Operating expenses: | ||
Research and development | 10,768 | 6,022 |
Sales and marketing | 23,102 | 15,628 |
General and administrative | 9,795 | 7,683 |
Total operating expenses | 43,665 | 29,333 |
Loss from operations | (5,848) | (5,614) |
Other income, net | 768 | 97 |
Loss before provision for income taxes | (5,080) | (5,517) |
Provision for income taxes | 106 | 150 |
Net loss | (5,186) | (5,667) |
Less: Accretion of Series A redeemable convertible preferred stock | (1,983) | |
Net loss attributable to common stockholders | $ (5,186) | $ (7,650) |
Net loss per share attributable to common stockholders, basic and diluted | $ (0.09) | $ (0.22) |
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic and diluted | 60,052 | 35,126 |
Net loss | $ (5,186) | $ (5,667) |
Other comprehensive loss, net of tax: | ||
Net unrealized holding loss on investments, net of tax | (167) | (11) |
Foreign currency translation adjustments, net of tax | (3) | (48) |
Other comprehensive loss, net of tax | (170) | (59) |
Total comprehensive loss | $ (5,356) | $ (5,726) |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Current assets: | ||
Cash and cash equivalents | $ 59,077 | $ 119,716 |
Short-term investments | 119,810 | 54,386 |
Accounts receivable, net of allowance for doubtful accounts and sales reserves of $1,681 and $1,714 as of March 31, 2018 and December 31, 2017, respectively | 29,345 | 49,797 |
Deferred commissions | 11,541 | 11,213 |
Prepaid expenses and other current assets | 9,965 | 7,227 |
Total current assets | 229,738 | 242,339 |
Property and equipment, net | 8,603 | 7,492 |
Long-term investments | 26,856 | 19,964 |
Goodwill | 9,867 | 8,750 |
Intangible assets, net | 10,856 | 7,995 |
Other assets | 2,757 | 4,263 |
Deferred incomes taxes, net | 612 | 613 |
Total assets | 289,289 | 291,416 |
Current liabilities: | ||
Accounts payable | 1,193 | 522 |
Accrued payroll and payroll related liabilities | 9,262 | 11,835 |
Accrued expenses and other current liabilities | 7,770 | 8,270 |
Deferred revenue | 108,235 | 110,213 |
Total current liabilities | 126,460 | 130,840 |
Deferred revenue | 3,479 | 3,545 |
Other liabilities | 3,000 | 3,313 |
Deferred income tax, net | 222 | 214 |
Total liabilities | 133,161 | 137,912 |
Stockholders' equity: | ||
Preferred stock, $0.0001 par value: 10,000 shares authorized as of March 31, 2018 and December 31, 2017, respectively; no shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively | 0 | 0 |
Common stock, $0.0001 par value: 500,000 Class A shares authorized, 28,244 and 26,687 shares issued and outstanding, as of March 31, 2018 and December 31, 2017, respectively; 500,000 Class B shares authorized, 32,344 and 32,948 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively | 6 | 5 |
Additional paid-in capital | 266,957 | 257,399 |
Accumulated deficit | (110,311) | (103,546) |
Accumulated other comprehensive loss | (524) | (354) |
Total stockholders' equity | 156,128 | 153,504 |
Total liabilities and stockholders' equity | $ 289,289 | $ 291,416 |
Condensed Consolidated Balance4
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Allowance for doubtful accounts and sales reserves | $ 1,681 | $ 1,714 |
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized (in shares) | 10,000 | 10,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Class A Common Stock [Member] | ||
Common stock par value per share (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock shares authorized (in shares) | 500,000 | 500,000 |
Common Stock shares issued (in shares) | 28,244 | 26,687 |
Common stock shares outstanding (in shares) | 28,244 | 26,687 |
Class B Common Stock [Member] | ||
Common stock par value per share (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock shares authorized (in shares) | 500,000 | 500,000 |
Common Stock shares issued (in shares) | 32,344 | 32,948 |
Common stock shares outstanding (in shares) | 32,344 | 32,948 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Stockholders Equity - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Loss [Member] |
Beginning Balance at Dec. 31, 2017 | $ 153,504 | $ 5 | $ 257,399 | $ (103,546) | $ (354) |
Beginning Balance, Shares at Dec. 31, 2017 | 59,635,000 | ||||
Cumulative effect of adoption of accounting standards | (1,438) | 141 | (1,579) | ||
Shares issued pursuant to stock awards | 4,973 | $ 1 | 4,972 | ||
Shares issued pursuant to stock awards, shares | 934,000 | ||||
Stock-based compensation | 3,789 | 3,789 | |||
Equity settled contingent consideration, value | $ 656 | 656 | |||
Equity settled contingent consideration, shares | 18,869 | 19,000 | |||
Cumulative translation adjustment | $ (3) | (3) | |||
Unrealized loss on investments | (167) | (167) | |||
Net loss | (5,186) | (5,186) | |||
Ending Balance at Mar. 31, 2018 | $ 156,128 | $ 6 | $ 266,957 | $ (110,311) | $ (524) |
Ending Balance, Shares at Mar. 31, 2018 | 60,588,000 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities: | ||
Net loss | $ (5,186) | $ (5,667) |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||
Depreciation and amortization | 1,301 | 566 |
Stock-based compensation | 3,789 | 1,942 |
Provision for doubtful accounts, net of recoveries | (108) | 350 |
Change in fair value of contingent consideration | 293 | |
Loss on disposal of assets | 30 | |
Changes in operating assets and liabilities, net of effect of business acquisitions: | ||
Accounts receivable | 20,553 | 11,175 |
Deferred commissions | (218) | 860 |
Prepaid expenses and other current assets and other assets | (2,584) | (1,220) |
Accounts payable | 443 | (525) |
Accrued payroll and payroll related liabilities | (2,636) | (3,506) |
Accrued expenses and other current liabilities | (1,658) | 977 |
Deferred revenue | (1,887) | (118) |
Other liabilities | (1) | 159 |
Net cash provided by operating activities | 12,101 | 5,023 |
Cash flows from investing activities: | ||
Purchases of property and equipment | (1,416) | (508) |
Cash paid in business acquisitions, net of cash acquired | (3,542) | (3,884) |
Purchases of investments | (83,591) | (16,035) |
Maturities of investments | 11,000 | 8,524 |
Net cash used in investing activities | (77,549) | (11,903) |
Cash flows from financing activities: | ||
Proceeds from initial public offering, net of underwriting commissions and discounts | 117,180 | |
Payment of initial public offering costs | (797) | |
Payment of holdback funds from acquisition | (250) | |
Principal payments on capital lease obligations | (83) | (82) |
Proceeds from exercise of stock options | 4,973 | 884 |
Net cash provided by financing activities | 4,640 | 117,185 |
Effect of exchange rate changes on cash and cash equivalents | 169 | (25) |
Net increase (decrease) in cash and cash equivalents | (60,639) | 110,280 |
Cash and cash equivalents-beginning of period | 119,716 | 31,306 |
Cash and cash equivalents-end of period | 59,077 | 141,586 |
Supplemental disclosure of noncash investing and financing activities: | ||
Property and equipment recorded in accounts payable | 360 | 356 |
Consideration for business acquisition initially included in accrued expenses and other current liabilities and other liabilities | 1,200 | 1,660 |
Contingent consideration settled through issuance of common stock | $ 656 | |
Accretion of Series A redeemable convertible preferred stock | 1,983 | |
Deferred initial public offering costs recorded in accounts payable and accrued expenses | 1,329 | |
Series A Redeemable Convertible Preferred Stock [Member] | ||
Supplemental disclosure of noncash investing and financing activities: | ||
Accretion of Series A redeemable convertible preferred stock | 1,983 | |
Conversion of Series A redeemable convertible preferred stock to common shares | $ 101,165 |
Business
Business | 3 Months Ended |
Mar. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Business | 1. Business Our Company Alteryx, Inc. and its subsidiaries, or we, our, or us, are improving business through data science and analytics. Our end-to-end ease-of-use, Basis of Presentation Our unaudited interim condensed consolidated financial statements are presented in accordance with accounting standards generally accepted in the United States of America, or U.S. GAAP, for interim financial information. Certain information and disclosures normally included in consolidated financial statements presented in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes included in our Annual Report on Form 10-K The operating results for the three months ended March 31, 2018 are not necessarily indicative of the results expected for the full year ending December 31, 2018. |
Significant Accounting Policies
Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | 2. Significant Accounting Policies There have been no changes to our accounting policies disclosed in our audited consolidated financial statements and the related notes for the year ended December 31, 2017 other than, during the three months ended March 31, 2018, we adopted new accounting guidance related to stock-based compensation and to income tax effects of intra-entity transfers of assets other than inventory. See “Recently Adopted Accounting Pronouncements” below. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates and assumptions. On an ongoing basis, our management evaluates estimates and assumptions based on historical data and experience, as well as various other factors that our management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities. Variable Interest Entities In accordance with ASC 810, Consolidation As of December 31, 2017 and March 31, 2018, we determined that two and one of our distributors were VIEs under the guidance of ASC 810, Consolidation, Recently Adopted Accounting Pronouncements Under the Jumpstart our Business Startups Act, or the JOBS Act, we meet the definition of an emerging growth company, or EGC. We have elected to use this extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In October 2016, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2016-16, Intra-Entity Transfers of Assets Other Than Inventory Income Taxes, 2016-16 In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting 2016-09, 2016-09 paid-in-capital Recently Issued Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business In November 2016, the FASB issued ASU 2016-18, Restricted Cash In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments In February 2016, the FASB issued ASU 2016-02, Leases 2016-02, right-of-use right-of-use In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2015-14, 2014-09 |
Business Combinations
Business Combinations | 3 Months Ended |
Mar. 31, 2018 | |
Business Combinations [Abstract] | |
Business Combinations | 3. Business Combinations In February 2018, we acquired 100% of the outstanding equity of Alteryx ANZ Pty Limited, or ANZ, in Sydney, Australia, our exclusive master distributor in Australia and New Zealand. The total purchase consideration for the acquisition was approximately $4.8 million consisting of (i) $3.3 million in cash consideration, (ii) $1.2 million in contingent consideration payable in cash, and (iii) $0.3 million for the settlement of preexisting relationships. The condensed consolidated financial statements include the results of operations of the acquired company commencing as of the acquisition date. The preliminary allocation of the total purchase price for this acquisition was $0.3 million of net tangible assets, $3.4 million of identifiable intangible assets, consisting of customer contracts and relationships, and $1.1 million of residual goodwill, which was not tax deductible. This allocation is preliminary. The Company expects to complete the purchase price allocation during the three months ending June 30, 2018. We determined the preliminary fair value of the customer contracts and relationships acquired in the acquisition using the multiple period excess earnings model. This model utilizes certain unobservable inputs, including discounted cash flows, historical and projected financial information, and customer attrition rates, classified as Level 3 measurements as defined by ASC 820, Fair Value Measurements and Disclosures, A portion of the consideration for the acquisition is subject to earn-out earn-out earn-out In January 2017, we acquired 100% of the outstanding equity of Semanta, s.r.o., or Semanta. The total purchase consideration was approximately $5.6 million and consisted primarily of $3.1 million of completed technology intangible assets, $2.9 million of goodwill, and $0.4 million of net liabilities assumed. Pro forma information and revenue and operating results of the acquired companies have not been presented for these acquisitions as the impact is not material to our condensed consolidated financial statements. |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Mar. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 4. Fair Value Measurements We utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. We determine fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active near the measurement date; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The fair value of our money market funds was determined based on “Level 1” inputs. The fair value of commercial paper, certificates of deposit, U.S. Treasury and agency bonds, and corporate bonds were determined based on “Level 2” inputs. The valuation techniques used to measure the fair value of commercial paper and certificates of deposit included observable market-based inputs for similar assets, which primarily include yield curves and time-to-maturity two-sided There were no marketable securities measured on a recurring basis in the “Level 3” category. We have not elected the fair value option as prescribed by ASC 825, The Fair Value Option for Financial Assets and Financial Liabilities Instruments Measured at Fair Value on a Recurring Basis. As of March 31, 2018 Cost Gross Fair Value Cash and Short-term Long-term Cash $ 37,302 $ — $ 37,302 $ 37,302 $ — $ — Level 1: Money market funds 11,082 — 11,082 11,082 — — Subtotal 11,082 — 11,082 11,082 — — Level 2: Commercial paper 3,495 — 3,495 2,749 746 — Certificates of deposit 4,052 — 4,052 — 1,500 2,552 U.S. Treasury and agency bonds 103,537 (266 ) 103,271 7,944 76,425 18,902 Corporate bonds 46,668 (127 ) 46,541 — 41,139 5,402 Subtotal 157,752 (393 ) 157,359 10,693 119,810 26,856 Level 3 — — — — — — Total $ 206,136 $ (393 ) $ 205,743 $ 59,077 $ 119,810 $ 26,856 As of December 31, 2017 Cost Gross Fair Value Cash and Short-term Long-term Cash $ 100,651 $ — $ 100,651 $ 100,651 $ — $ — Level 1: Money market funds 19,065 — 19,065 19,065 — — Subtotal 19,065 — 19,065 19,065 — — Level 2: U.S. Treasury and agency bonds 44,968 (176 ) 44,792 — 25,923 18,869 Corporate bonds 29,608 (50 ) 29,558 — 28,463 1,095 Subtotal 74,576 (226 ) 74,350 — 54,386 19,964 Level 3 — — — — — — Total $ 194,292 $ (226 ) $ 194,066 $ 119,716 $ 54,386 $ 19,964 There were no transfers between Level 1, Level 2, or Level 3 securities during the three months ended March 31, 2018. As of March 31, 2018, there were 64 securities with a fair value of $139.6 million in an unrealized loss position for less than 12 months. The gross unrealized losses of $0.4 million as of March 31, 2018 were due to changes in market rates, and we have determined the losses are temporary in nature. All the long-term investments had maturities of between one and two years in duration as of March 31, 2018. Cash and cash equivalents, restricted cash, and investments as of March 31, 2018 and December 31, 2017 held domestically were approximately $198.1 million and $181.3 million, respectively. Contingent Consideration. earn-out The following table presents a reconciliation of the beginning and ending balances of acquisition-related accrued contingent consideration using significant unobservable inputs (Level 3) for the three months ended March 31, 2018 and 2017 (in thousands): Three Months Ended March 31, 2018 2017 Beginning balance $ 975 $ — Obligations assumed 1,200 1,160 Change in fair value 293 — Settlement (656 ) — Ending balance $ 1,812 $ 1,160 Upon the achievement of certain milestones in connection with our acquisition of Semanta, we released 18,869 shares of Class A common stock to the former shareholders of Semanta in the three months ended March 31, 2018. In addition, 5,381 shares were earned, but held back for customary indemnification matters in accordance with the acquisition agreement, and the value of the shares is presented within additional paid-in Instruments Not Recorded at Fair Value on a Recurring Basis. Assets and Liabilities Recorded at Fair Value on a Non-Recurring non-recurring |
Goodwill and Intangible Assets
Goodwill and Intangible Assets | 3 Months Ended |
Mar. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets | 5. Goodwill and Intangible Assets The change in carrying amount of goodwill for the three months ended March 31, 2018 was as follows (in thousands): Goodwill as of December 31, 2017 $ 8,750 Goodwill recorded in connection with acquisition 1,104 Effects of foreign currency translation 13 Goodwill as of March 31, 2018 $ 9,867 Intangible assets consisted of the following (in thousands, except years): As of March 31, 2018 Weighted Gross Carrying Accumulated Net Carrying Customer Relationships 6.9 $ 3,411 $ (75 ) $ 3,336 Completed Technology 5.7 9,180 (1,660 ) 7,520 $ 12,591 $ (1,735 ) $ 10,856 As of December 31, 2017 Average Useful Gross Carrying Accumulated Net Carrying Customer Relationships 2.0 $ 40 $ (12 ) $ 28 Completed Technology 5.7 9,180 (1,213 ) 7,967 $ 9,220 $ (1,225 ) $ 7,995 We classified intangible asset amortization expense in the accompanying consolidated statements of operations and comprehensive loss as follows (in thousands): Three Months Ended March 31, 2018 2017 Cost of revenue $ 446 $ 65 Sales and marketing 63 — Total $ 509 $ 65 The following table presents our estimates of remaining amortization expense for finite-lived intangible assets at March 31, 2018 (in thousands): Remainder of 2018 $ 1,740 2019 2,298 2020 1,985 2021 1,774 2022 1,228 Thereafter 1,831 Total amortization expense $ 10,856 |
Equity Awards
Equity Awards | 3 Months Ended |
Mar. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Equity Awards | 6. Equity Awards Stock Options Stock option activity during the three months ended March 31, 2018 consisted of the following (in thousands, except weighted-average information): Options Weighted- Options outstanding at December 31, 2017 5,196 $ 8.70 Granted 652 27.33 Exercised (791 ) 4.50 Cancelled/forfeited (92 ) 11.58 Options outstanding at March 31, 2018 4,965 $ 11.77 As of March 31, 2018, there was $18.0 million of unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of 3.1 years. Restricted Stock Units RSU activity during the three months ended March 31, 2018 consisted of the following (in thousands, except weighted-average information): Awards Weighted- RSUs outstanding at December 31, 2017 464 $ 16.81 Granted 743 31.97 Vested (68 ) 15.50 Cancelled/forfeited (27 ) 19.35 RSUs outstanding at March 31, 2018 1,112 $ 26.96 As of March 31, 2018, total unrecognized compensation expense related to unvested RSUs was approximately $27.3 million, which is expected to be recognized over a weighted-average period of 3.7 years. We classified stock-based compensation expense in the accompanying consolidated statements of operations and comprehensive loss as follows (in thousands): Three Months Ended March 31, 2018 2017 Cost of revenue $ 139 $ 121 Research and development 1,233 236 Sales and marketing 1,157 659 General and administrative 1,260 926 Total $ 3,789 $ 1,942 |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 7. Commitments and Contingencies Leases We have various non-cancelable Indemnification In the ordinary course of business, we enter into agreements in which we may agree to indemnify other parties with respect to certain matters, including losses resulting from claims of intellectual property infringement, damages to property or persons, business losses, or other liabilities. In addition, we have entered into indemnification agreements with our directors, executive officers, and certain other employees that will require us to indemnify them against liabilities that may arise by reason of their status or service as directors, officers, or employees. The term of these indemnification agreements with our directors, executive officers, and other employees, are generally perpetual after execution of the agreement. The maximum potential amount of future payments we could be required to make under these indemnification provisions is unlimited; however, we maintain insurance that reduces our exposure and enables us to recover a portion of any future amounts paid. As of March 31, 2018 and December 31, 2017, we have not accrued a liability for these indemnification provisions because the likelihood of incurring a payment obligation, if any, in connection with these arrangements is not probable or reasonably estimable. Litigation From time to time, we may be involved in lawsuits, claims, investigations, and proceedings, consisting of intellectual property, commercial, employment, and other matters, which arise in the ordinary course of business. Other than the matters described below, we are not currently party to any material legal proceedings or claims, nor are we aware of any pending or threatened legal proceedings or claims that could have a material adverse effect on our business, operating results, cash flows, or financial condition should such legal proceedings or claims be resolved unfavorably. On December 19, 2017, we disclosed that individuals with an Amazon Web Services, or AWS, login could have had access to a third-party marketing dataset that provided consumer marketing information intended to help marketing professionals advertise and sell their products, or the AWS Matter. This dataset is commercially available and provides some location information, contact information and other estimated information that is used for marketing purposes. It does not include names, credit card numbers, social security numbers, bank account information or passwords. To date, four putative consumer class action lawsuits have been filed against us in U.S. federal courts relating to the AWS Matter: (1) Kacur v. Alteryx, Inc. 8:17-cv-2222 Jackson v. Alteryx, Inc. 3:17-cv-02021 Foskaris v. Alteryx, Inc. 2:17-cv-03088 Ruderman et al. v. Alteryx, Inc. 8:18-cv-00022 Kacur, Jackson, Foskaris Ruderman common-law |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 8. Income Taxes The following table presents details of the provision for income taxes and our effective tax rates (in thousands except percentages): Three Months Ended March 31, 2018 2017 Provision for income taxes $ 106 $ 150 Effective tax rate 2.1 % 2.7 % We account for income taxes according to ASC 740, Income Taxes pre-tax year-to-date We evaluate whether to record a valuation allowance against our deferred tax assets by considering all available positive and negative evidence, using a “more likely than not” realization standard, including our cumulative losses, and the amount and timing of future taxable income. Based on our review, we will continue to maintain a full valuation allowance against our U.S. deferred tax assets. Neither we nor any of our subsidiaries are currently under examination from tax authorities in the jurisdictions in which we do business. |
Basic and Diluted Net Loss Per
Basic and Diluted Net Loss Per Share | 3 Months Ended |
Mar. 31, 2018 | |
Earnings Per Share [Abstract] | |
Basic and Diluted Net Loss Per Share | 9. Basic and Diluted Net Loss Per Share Diluted net loss per share attributable to common stockholders adjusts basic net loss per share for the potentially dilutive impact of stock options and convertible preferred stock. As we have reported losses attributable to common stockholders for all periods presented, all potentially dilutive securities are antidilutive and accordingly, basic net loss per share equals diluted net loss per share. Basic and diluted net loss per share attributable to common stockholders for Class A and Class B common stock were the same because they were entitled to the same liquidation and dividend rights. The following weighted-average equivalent shares of common stock were excluded from the diluted net loss per share calculation because their inclusion would have been anti-dilutive (in thousands): Three Months Ended March 31, 2018 2017 Options to purchase common stock 5,477 6,170 Unvested restricted stock units 794 379 Conversion of convertible preferred stock — 13,345 Contingently issuable shares 21 — Total shares excluded from net loss per share 6,292 19,894 |
Segment and Geographic Informat
Segment and Geographic Information | 3 Months Ended |
Mar. 31, 2018 | |
Segment Reporting [Abstract] | |
Segment and Geographic Information | 10. Segment and Geographic Information Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, or CODM, who is our chief executive officer, in deciding how to allocate resources and assess our financial and operational performance. Our CODM evaluates our financial information and resources and assesses the performance of these resources on a consolidated and aggregated basis. As a result, we have determined that our business operates in a single operating segment. Our operations outside the United States include sales offices in Australia, Canada, Czech Republic, France, Germany, Singapore, and the United Kingdom, and a research and development center in Ukraine. Revenue by location is determined by the billing address of the customer. The following sets forth our revenue by geographic region (in thousands): Three Months Ended March 31, 2018 2017 United States $ 31,421 $ 22,596 International 11,400 5,949 Total $ 42,821 $ 28,545 Revenue attributable to the United Kingdom comprised 10.8% and 9.0% of total revenue for the three months ended March 31, 2018 and 2017, respectively. Other than the United Kingdom, no other countries outside the United States comprised more than 10% of revenue for any of the periods presented. |
Significant Accounting Polici17
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Use of Estimates | Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates and assumptions. On an ongoing basis, our management evaluates estimates and assumptions based on historical data and experience, as well as various other factors that our management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities. |
Variable Interest Entities | Variable Interest Entities In accordance with ASC 810, Consolidation As of December 31, 2017 and March 31, 2018, we determined that two and one of our distributors were VIEs under the guidance of ASC 810, Consolidation, |
Recent Accounting Pronouncements | Recently Adopted Accounting Pronouncements Under the Jumpstart our Business Startups Act, or the JOBS Act, we meet the definition of an emerging growth company, or EGC. We have elected to use this extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In October 2016, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2016-16, Intra-Entity Transfers of Assets Other Than Inventory Income Taxes, 2016-16 In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting 2016-09, 2016-09 paid-in-capital Recently Issued Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business In November 2016, the FASB issued ASU 2016-18, Restricted Cash In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments In February 2016, the FASB issued ASU 2016-02, Leases 2016-02, right-of-use right-of-use In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2015-14, 2014-09 |
Fair Value Measurements | Fair Value Measurements We utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. We determine fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active near the measurement date; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The fair value of our money market funds was determined based on “Level 1” inputs. The fair value of commercial paper, certificates of deposit, U.S. Treasury and agency bonds, and corporate bonds were determined based on “Level 2” inputs. The valuation techniques used to measure the fair value of commercial paper and certificates of deposit included observable market-based inputs for similar assets, which primarily include yield curves and time-to-maturity two-sided There were no marketable securities measured on a recurring basis in the “Level 3” category. We have not elected the fair value option as prescribed by ASC 825, The Fair Value Option for Financial Assets and Financial Liabilities |
Income Taxes | We account for income taxes according to ASC 740, Income Taxes pre-tax year-to-date We evaluate whether to record a valuation allowance against our deferred tax assets by considering all available positive and negative evidence, using a “more likely than not” realization standard, including our cumulative losses, and the amount and timing of future taxable income. Based on our review, we will continue to maintain a full valuation allowance against our U.S. deferred tax assets. Neither we nor any of our subsidiaries are currently under examination from tax authorities in the jurisdictions in which we do business. |
Segment and Geographic Information | Segment and Geographic Information Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, or CODM, who is our chief executive officer, in deciding how to allocate resources and assess our financial and operational performance. Our CODM evaluates our financial information and resources and assesses the performance of these resources on a consolidated and aggregated basis. As a result, we have determined that our business operates in a single operating segment. |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Summary of Cash and Cash Equivalents and Investments' Costs, Gross Unrealized Gains (Losses), and Fair Value by Major Security Type Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Investments | The following tables present our cash and cash equivalents and investments’ costs, gross unrealized losses, and fair value by major security type recorded as cash and cash equivalents or short-term or long-term investments as of March 31, 2018 and December 31, 2017 (in thousands): As of March 31, 2018 Cost Gross Fair Value Cash and Short-term Long-term Cash $ 37,302 $ — $ 37,302 $ 37,302 $ — $ — Level 1: Money market funds 11,082 — 11,082 11,082 — — Subtotal 11,082 — 11,082 11,082 — — Level 2: Commercial paper 3,495 — 3,495 2,749 746 — Certificates of deposit 4,052 — 4,052 — 1,500 2,552 U.S. Treasury and agency bonds 103,537 (266 ) 103,271 7,944 76,425 18,902 Corporate bonds 46,668 (127 ) 46,541 — 41,139 5,402 Subtotal 157,752 (393 ) 157,359 10,693 119,810 26,856 Level 3 — — — — — — Total $ 206,136 $ (393 ) $ 205,743 $ 59,077 $ 119,810 $ 26,856 As of December 31, 2017 Cost Gross Fair Value Cash and Short-term Long-term Cash $ 100,651 $ — $ 100,651 $ 100,651 $ — $ — Level 1: Money market funds 19,065 — 19,065 19,065 — — Subtotal 19,065 — 19,065 19,065 — — Level 2: U.S. Treasury and agency bonds 44,968 (176 ) 44,792 — 25,923 18,869 Corporate bonds 29,608 (50 ) 29,558 — 28,463 1,095 Subtotal 74,576 (226 ) 74,350 — 54,386 19,964 Level 3 — — — — — — Total $ 194,292 $ (226 ) $ 194,066 $ 119,716 $ 54,386 $ 19,964 |
Reconciliation of Beginning and Ending Balances of Acquisition-Related Accrued Contingent Consideration | The following table presents a reconciliation of the beginning and ending balances of acquisition-related accrued contingent consideration using significant unobservable inputs (Level 3) for the three months ended March 31, 2018 and 2017 (in thousands): Three Months Ended March 31, 2018 2017 Beginning balance $ 975 $ — Obligations assumed 1,200 1,160 Change in fair value 293 — Settlement (656 ) — Ending balance $ 1,812 $ 1,160 |
Goodwill and Intangible Assets
Goodwill and Intangible Assets (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Change in Carrying Amount of Goodwill | The change in carrying amount of goodwill for the three months ended March 31, 2018 was as follows (in thousands): Goodwill as of December 31, 2017 $ 8,750 Goodwill recorded in connection with acquisition 1,104 Effects of foreign currency translation 13 Goodwill as of March 31, 2018 $ 9,867 |
Schedule of Intangible Assets | Intangible assets consisted of the following (in thousands, except years): As of March 31, 2018 Weighted Gross Carrying Accumulated Net Carrying Customer Relationships 6.9 $ 3,411 $ (75 ) $ 3,336 Completed Technology 5.7 9,180 (1,660 ) 7,520 $ 12,591 $ (1,735 ) $ 10,856 As of December 31, 2017 Average Useful Gross Carrying Accumulated Net Carrying Customer Relationships 2.0 $ 40 $ (12 ) $ 28 Completed Technology 5.7 9,180 (1,213 ) 7,967 $ 9,220 $ (1,225 ) $ 7,995 |
Schedule of Intangible Asset Amortization Expense | We classified intangible asset amortization expense in the accompanying consolidated statements of operations and comprehensive loss as follows (in thousands): Three Months Ended March 31, 2018 2017 Cost of revenue $ 446 $ 65 Sales and marketing 63 — Total $ 509 $ 65 |
Schedule of Finite-Lived Intangible Assets Estimated Remaining Amortization Expense | The following table presents our estimates of remaining amortization expense for finite-lived intangible assets at March 31, 2018 (in thousands): Remainder of 2018 $ 1,740 2019 2,298 2020 1,985 2021 1,774 2022 1,228 Thereafter 1,831 Total amortization expense $ 10,856 |
Equity Awards (Tables)
Equity Awards (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Stock Option Activity | Stock option activity during the three months ended March 31, 2018 consisted of the following (in thousands, except weighted-average information): Options Weighted- Options outstanding at December 31, 2017 5,196 $ 8.70 Granted 652 27.33 Exercised (791 ) 4.50 Cancelled/forfeited (92 ) 11.58 Options outstanding at March 31, 2018 4,965 $ 11.77 |
Schedule of RSU Activity | RSU activity during the three months ended March 31, 2018 consisted of the following (in thousands, except weighted-average information): Awards Weighted- RSUs outstanding at December 31, 2017 464 $ 16.81 Granted 743 31.97 Vested (68 ) 15.50 Cancelled/forfeited (27 ) 19.35 RSUs outstanding at March 31, 2018 1,112 $ 26.96 |
Schedule of Stock-based Compensation Expense | We classified stock-based compensation expense in the accompanying consolidated statements of operations and comprehensive loss as follows (in thousands): Three Months Ended March 31, 2018 2017 Cost of revenue $ 139 $ 121 Research and development 1,233 236 Sales and marketing 1,157 659 General and administrative 1,260 926 Total $ 3,789 $ 1,942 |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of Provision for Income Taxes and Effective Tax Rates | The following table presents details of the provision for income taxes and our effective tax rates (in thousands except percentages): Three Months Ended March 31, 2018 2017 Provision for income taxes $ 106 $ 150 Effective tax rate 2.1 % 2.7 % |
Basic and Diluted Net Loss Pe22
Basic and Diluted Net Loss Per Share (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Earnings Per Share [Abstract] | |
Schedule of Anti-dilutive Securities Excluded from Computation of Diluted Net Loss Per Share | The following weighted-average equivalent shares of common stock were excluded from the diluted net loss per share calculation because their inclusion would have been anti-dilutive (in thousands): Three Months Ended March 31, 2018 2017 Options to purchase common stock 5,477 6,170 Unvested restricted stock units 794 379 Conversion of convertible preferred stock — 13,345 Contingently issuable shares 21 — Total shares excluded from net loss per share 6,292 19,894 |
Segment and Geographic Inform23
Segment and Geographic Information (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Segment Reporting [Abstract] | |
Schedule of Revenue by Geographic Region | The following sets forth our revenue by geographic region (in thousands): Three Months Ended March 31, 2018 2017 United States $ 31,421 $ 22,596 International 11,400 5,949 Total $ 42,821 $ 28,545 |
Significant Accounting Polici24
Significant Accounting Policies - Additional Information (Detail) - USD ($) | Jan. 01, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Foreign Tax Authority [Member] | |||
Significant Accounting Policies [Line Items] | |||
Unrecognized tax benefits | $ 0 | ||
ASU 2016-16 [Member] | |||
Significant Accounting Policies [Line Items] | |||
Elimination of deferred tax charges | $ (1,400,000) | ||
Increase in accumulated deficit and additional paid-in-capital | 1,400,000 | ||
ASU 2016-09 [Member] | |||
Significant Accounting Policies [Line Items] | |||
Increase in accumulated deficit and additional paid-in-capital | 100,000 | ||
Unrecognized tax benefits | 2,400,000 | ||
Valuation allowance deferred tax asset change in amount | $ 2,400,000 | ||
Alteryx ANZ Pty Limited [Member] | |||
Significant Accounting Policies [Line Items] | |||
Business combination acquired percentage | 100.00% |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) - USD ($) $ in Thousands | 1 Months Ended | |||
Feb. 28, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Jan. 31, 2017 | |
Business Acquisition [Line Items] | ||||
Goodwill | $ 9,867 | $ 8,750 | ||
Alteryx ANZ Pty Limited [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination acquired percentage | 100.00% | |||
Total consideration | $ 4,800 | |||
Business combination, purchase price in cash | 3,300 | |||
Contingent consideration paid in cash | 1,200 | |||
Settlement of preexisting relationships | 300 | |||
Purchase price allocation, assets acquired and liabilities assumed, Net | 300 | |||
Goodwill | 1,100 | |||
Contingent earn-out consideration | $ 1,500 | |||
Contingent earn-out consideration payment period | 2 years | |||
Alteryx ANZ Pty Limited [Member] | Customer-Related Intangible Assets [Member] | Level 3 [Member] | ||||
Business Acquisition [Line Items] | ||||
Fair value of completed technology | $ 3,400 | |||
Weighted average amortization period | 7 years | |||
Alteryx ANZ Pty Limited [Member] | Customer Contracts And Relationships [Member] | ||||
Business Acquisition [Line Items] | ||||
Completed technology intangible assets | $ 3,400 | |||
Semanta, s.r.o [Member] | ||||
Business Acquisition [Line Items] | ||||
Business combination acquired percentage | 100.00% | |||
Purchase price allocation, assets acquired and liabilities assumed, Net | $ (400) | |||
Completed technology intangible assets | 3,100 | |||
Goodwill | 2,900 | |||
Total purchase consideration | $ 5,600 |
Fair Value Measurements - Summa
Fair Value Measurements - Summary of Cash and Cash Equivalents and Investments' Costs, Gross Unrealized Losses, and Fair Value by Major Security Type Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Investments (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | $ 119,810 | $ 54,386 |
Long-term investments | 26,856 | 19,964 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 206,136 | 194,292 |
Gross Unrealized Gains (Losses) | (393) | (226) |
Fair Value | 205,743 | 194,066 |
Cash and Cash Equivalents | 59,077 | 119,716 |
Short-term investments | 119,810 | 54,386 |
Long-term investments | 26,856 | 19,964 |
Fair Value, Measurements, Recurring [Member] | Cash [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 37,302 | 100,651 |
Fair Value | 37,302 | 100,651 |
Cash and Cash Equivalents | 37,302 | 100,651 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 11,082 | 19,065 |
Fair Value | 11,082 | 19,065 |
Cash and Cash Equivalents | 11,082 | 19,065 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 11,082 | 19,065 |
Fair Value | 11,082 | 19,065 |
Cash and Cash Equivalents | 11,082 | 19,065 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 157,752 | 74,576 |
Gross Unrealized Gains (Losses) | (393) | (226) |
Fair Value | 157,359 | 74,350 |
Cash and Cash Equivalents | 10,693 | |
Short-term investments | 119,810 | 54,386 |
Long-term investments | 26,856 | 19,964 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Certificates of Deposit [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 4,052 | |
Fair Value | 4,052 | |
Short-term investments | 1,500 | |
Long-term investments | 2,552 | |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 46,668 | 29,608 |
Gross Unrealized Gains (Losses) | (127) | (50) |
Fair Value | 46,541 | 29,558 |
Short-term investments | 41,139 | 28,463 |
Long-term investments | 5,402 | 1,095 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Treasury and Agency Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 103,537 | 44,968 |
Gross Unrealized Gains (Losses) | (266) | (176) |
Fair Value | 103,271 | 44,792 |
Cash and Cash Equivalents | 7,944 | |
Short-term investments | 76,425 | 25,923 |
Long-term investments | 18,902 | $ 18,869 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Commercial Paper [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 3,495 | |
Fair Value | 3,495 | |
Cash and Cash Equivalents | 2,749 | |
Short-term investments | $ 746 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) | 3 Months Ended | |
Mar. 31, 2018USD ($)Securityshares | Dec. 31, 2017USD ($) | |
Fair Value Disclosures [Line Items] | ||
Fair value transfer between Level 1, Level 2 or Level 3 | $ 0 | |
Number of securities in an unrealized loss position for less than 12 months | Security | 64 | |
Fair value of securities in an unrealized loss position for less than 12 months | $ 139,600,000 | |
Gross unrealized losses | $ 400,000 | |
Business acquisition, number of shares issued to Semanta | shares | 18,869 | |
Number of shares held back | shares | 5,381 | |
Domestic Cash and Investments [Member] | ||
Fair Value Disclosures [Line Items] | ||
Cash and cash equivalents, restricted cash and investments | $ 198,100,000 | $ 181,300,000 |
Minimum [Member] | ||
Fair Value Disclosures [Line Items] | ||
Long-term investments maturity period | 1 year | |
Maximum [Member] | ||
Fair Value Disclosures [Line Items] | ||
Long-term investments maturity period | 2 years |
Fair Value Measurements - Recon
Fair Value Measurements - Reconciliation of Beginning and Ending Balances of Acquisition-Related Accrued Contingent Consideration (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Fair Value Disclosures [Abstract] | ||
Beginning balance | $ 975 | |
Obligations assumed | 1,200 | $ 1,160 |
Change in fair value | 293 | |
Settlement | (656) | |
Ending balance | $ 1,812 | $ 1,160 |
Goodwill and Intangible Asset29
Goodwill and Intangible Assets - Schedule of Change in Carrying Amount of Goodwill (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill beginning balance | $ 8,750 |
Goodwill recorded in connection with acquisition | 1,104 |
Effects of foreign currency translation | 13 |
Goodwill ending balance | $ 9,867 |
Goodwill and Intangible Asset30
Goodwill and Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Value | $ 12,591 | $ 9,220 |
Accumulated Amortization | (1,735) | (1,225) |
Net Carrying Value | $ 10,856 | $ 7,995 |
Customer Relationships [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted Average Useful Life in Years | 6 years 10 months 25 days | 2 years |
Gross Carrying Value | $ 3,411 | $ 40 |
Accumulated Amortization | (75) | (12) |
Net Carrying Value | $ 3,336 | $ 28 |
Completed Technology [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Weighted Average Useful Life in Years | 5 years 8 months 12 days | 5 years 8 months 12 days |
Gross Carrying Value | $ 9,180 | $ 9,180 |
Accumulated Amortization | (1,660) | (1,213) |
Net Carrying Value | $ 7,520 | $ 7,967 |
Goodwill and Intangible Asset31
Goodwill and Intangible Assets - Schedule of Intangible Asset Amortization Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of intangible assets | $ 509 | $ 65 |
Cost of Revenue [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of intangible assets | 446 | $ 65 |
Sales And Marketing [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Amortization of intangible assets | $ 63 |
Goodwill and Intangible Asset32
Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets Estimated Remaining Amortization Expense (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Remainder of 2018 | $ 1,740 | |
2,019 | 2,298 | |
2,020 | 1,985 | |
2,021 | 1,774 | |
2,022 | 1,228 | |
Thereafter | 1,831 | |
Net Carrying Value | $ 10,856 | $ 7,995 |
Equity Awards - Schedule of Sto
Equity Awards - Schedule of Stock Option Activity (Detail) shares in Thousands | 3 Months Ended |
Mar. 31, 2018$ / sharesshares | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Options Outstanding, Beginning Balance | shares | 5,196 |
Granted | shares | 652 |
Exercised | shares | (791) |
Cancelled/forfeited | shares | (92) |
Options Outstanding, Ending Balance | shares | 4,965 |
Weighted- Average Exercise Price, Beginning Balance | $ / shares | $ 8.70 |
Weighted- Average Exercise Price, Granted | $ / shares | 27.33 |
Weighted- Average Exercise Price, Exercised | $ / shares | 4.50 |
Weighted- Average Exercise Price, Cancelled/forfeited | $ / shares | 11.58 |
Weighted- Average Exercise Price, Ending Balance | $ / shares | $ 11.77 |
Equity Awards - Additional Info
Equity Awards - Additional Information (Detail) $ in Millions | 3 Months Ended |
Mar. 31, 2018USD ($) | |
Stock Options [Member] | |
Unrecognized compensation cost related to unvested stock options | $ 18 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 3 years 1 month 6 days |
Restricted Stock Units [Member] | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 3 years 8 months 12 days |
Unrecognized compensation expense, related to unvested RSUs | $ 27.3 |
Equity Awards - Schedule RSU Ac
Equity Awards - Schedule RSU Activity (Detail) - Restricted Stock Units [Member] shares in Thousands | 3 Months Ended |
Mar. 31, 2018$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Awards Outstanding, Beginning Balance | shares | 464 |
Awards Outstanding, Granted | shares | 743 |
Awards Outstanding, Vested | shares | (68) |
Awards Outstanding, Cancelled/forfeited | shares | (27) |
Awards Outstanding, Ending Balance | shares | 1,112 |
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares | $ 16.81 |
Weighted Average Grant Date Fair Value, Granted | $ / shares | 31.97 |
Weighted Average Grant Date Fair Value, vested | $ / shares | 15.50 |
Weighted Average Grant Date Fair Value, Cancelled/forfeited | $ / shares | 19.35 |
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares | $ 26.96 |
Equity Awards - Schedule of S36
Equity Awards - Schedule of Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Stock-based Compensation Expense | $ 3,789 | $ 1,942 |
Cost of Revenue [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Stock-based Compensation Expense | 139 | 121 |
Research and Development [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Stock-based Compensation Expense | 1,233 | 236 |
Sales And Marketing [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Stock-based Compensation Expense | 1,157 | 659 |
General and Administrative [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||
Stock-based Compensation Expense | $ 1,260 | $ 926 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | |
Commitments And Contingencies [Line Items] | ||
Operating leases Expiration, Year | 2,025 | |
Indemnification [Member] | ||
Commitments And Contingencies [Line Items] | ||
Accrued liability | $ 0 | $ 0 |
Income Taxes - Schedule of Prov
Income Taxes - Schedule of Provision for Income Taxes and Effective Tax Rates (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | ||
Provision for income taxes | $ 106 | $ 150 |
Effective tax rate | 2.10% | 2.70% |
Basic and Diluted Net Loss Pe39
Basic and Diluted Net Loss Per Share - Schedule of Anti-dilutive Securities Excluded from Computation of Diluted Net Loss Per Share (Detail) - shares shares in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total shares excluded from net loss per share | 6,292 | 19,894 |
Stock Options [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total shares excluded from net loss per share | 5,477 | 6,170 |
Restricted Stock Units [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total shares excluded from net loss per share | 794 | 379 |
Conversion of Convertible Preferred Stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total shares excluded from net loss per share | 13,345 | |
Contingently Issuable Shares [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Total shares excluded from net loss per share | 21 |
Segment and Geographic Inform40
Segment and Geographic Information - Additional Information (Detail) - Segment | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Segment Reporting Information [Line Items] | ||
Number of operating segments | 1 | |
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | International [Member] | Maximum [Member] | ||
Segment Reporting Information [Line Items] | ||
Concentration risk, percentage | 10.00% | |
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | United Kingdom [Member] | ||
Segment Reporting Information [Line Items] | ||
Concentration risk, percentage | 10.80% | 9.00% |
Segment and Geographic Inform41
Segment and Geographic Information - Schedule of Revenue by Geographic Region (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Segment Reporting Information [Line Items] | ||
Revenues | $ 42,821 | $ 28,545 |
United States [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | 31,421 | 22,596 |
International [Member] | ||
Segment Reporting Information [Line Items] | ||
Revenues | $ 11,400 | $ 5,949 |