Xactly (XTLY) 10-Q 11 Sep 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2015	Aug. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	XTLY
Entity Registrant Name	Xactly Corp
Entity Central Index Key	1,322,554
Current Fiscal Year End Date	--01-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		29,150,130

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Current assets:
Cash and cash equivalents	$ 71,102	$ 19,325
Restricted cash, short term	286	102
Accounts receivable, net	14,276	17,172
Prepaid expenses and other current assets	4,404	3,875
Total current assets	90,068	40,474
Property and equipment, net	9,281	5,070
Goodwill	6,384	6,384
Other long-term assets	578	767
Total assets	106,311	52,695
Current liabilities:
Accounts payable	2,015	1,891
Accrued expenses	9,122	7,166
Debt, current portion	6,371	6,369
Deferred revenue, current portion	33,845	31,839
Total current liabilities	51,353	47,265
Debt, less current portion	21,457	20,546
Other long-term liabilities	4,607	2,107
Preferred stock warrant liabilities		5,885
Deferred revenue, less current portion	3,552	2,304
Total liabilities	$ 80,969	$ 78,107
Commitments and contingencies (note 5)
Stockholders’ equity (deficit):
Preferred stock
Common stock $0.001 par value; 1,000,000,000 and 120,000,000 shares authorized as of July 31, 2015 and January 31, 2015, respectively; 29,149,755 and 2,881,951 shares issued and outstanding as of July 31, 2015 and January 31, 2015, respectively	$ 29	$ 3
Additional paid-in capital	149,655	7,422
Accumulated other comprehensive loss	(114)	(96)
Accumulated deficit	(124,228)	(115,759)
Total stockholders’ equity (deficit)	25,342	(25,412)
Total liabilities and stockholders’ equity (deficit)	$ 106,311	52,695
Convertible Preferred Stock
Stockholders’ equity (deficit):
Preferred stock		$ 83,018

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	0
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	120,000,000
Common stock, shares issued	29,149,755	2,881,951
Common stock, shares outstanding	29,149,755	2,881,951
Convertible Preferred Stock
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	0	79,000,000
Preferred stock, shares issued	0	17,871,971
Preferred stock, shares outstanding	0	17,871,971
Convertible preferred stock, aggregate liquidation preferences	$ 0	$ 102,643

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Revenue:
Subscription services	$ 14,271	$ 11,467	$ 27,748	$ 22,556
Professional services	4,081	3,434	8,427	7,626
Total revenue	18,352	14,901	36,175	30,182
Cost of revenue:
Subscription services	4,130	2,738	7,718	5,668
Professional services	3,743	3,428	7,424	7,083
Total cost of revenue	7,873	6,166	15,142	12,751
Gross profit	10,479	8,735	21,033	17,431
Operating expenses:
Research and development	3,852	2,695	7,361	5,465
Sales and marketing	8,623	8,064	15,767	14,059
General and administrative	3,574	2,112	7,123	5,138
Amortization of intangibles		181		362
Total operating expenses	16,049	13,052	30,251	25,024
Operating loss	(5,570)	(4,317)	(9,218)	(7,593)
Other income (expense):
Interest expense	(1,345)	(585)	(2,641)	(1,160)
(Increase) decrease in fair value of preferred stock warrant liabilities	3,487	(56)	3,542	(53)
Other expense, net	(30)	(10)	(33)	(24)
Total other income (expense)	2,112	(651)	868	(1,237)
Loss before income taxes	(3,458)	(4,968)	(8,350)	(8,830)
Income tax expense	17	36	119	59
Net loss	$ (3,475)	$ (5,004)	$ (8,469)	$ (8,889)
Net loss per share attributable to common stockholders:
Basic and diluted	$ (0.28)	$ (1.82)	$ (1.10)	$ (3.27)
Weighted-average number of shares used in computing net loss per share attributable to common stockholders:
Basic and diluted	12,280	2,751	7,679	2,719

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (3,475)	$ (5,004)	$ (8,469)	$ (8,889)
Other comprehensive income (loss)—foreign currency translation adjustments	(6)	3	(18)	24
Comprehensive loss	$ (3,481)	$ (5,001)	$ (8,487)	$ (8,865)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014
Cash flows from operating activities:
Net loss	$ (8,469)	$ (8,889)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,447	927
Amortization of intangible assets		362
Amortization of debt issuance costs	925	249
Stock-based compensation	1,282	809
Donation of common stock to XactlyOne Foundation	498
(Income) expense from change in fair value of warrant liabilities	(3,542)	53
Loss from disposal on fixed assets	245
Facility exit costs	693
Changes in operating assets and liabilities:
Accounts receivable	2,896	(635)
Prepaid expenses and other current assets	(3,697)	(242)
Other long-term assets	5	3
Accounts payable	153	769
Accrued expenses	901	(236)
Deferred revenue	3,254	253
Other long-term liabilities	469	(75)
Net cash used in operating activities	(2,940)	(6,652)
Cash flows from investing activities:
Purchases of property and equipment	(3,660)	(1,030)
Net cash used in investing activities	(3,660)	(1,030)
Cash flows from financing activities:
Proceeds from line of credit		2,510
Proceeds from exercise of stock options	554	126
Principal payments under capital lease obligations	(1)	(286)
Payment of deferred initial public offering costs	(1,042)	(951)
Proceeds from initial public offering	58,844
Net cash provided by financing activities	58,392	1,424
Effect of exchange rate changes on cash and cash equivalents	(15)	22
Net increase (decrease) in cash and cash equivalents	51,777	(6,236)
Cash and cash equivalents at beginning of period	19,325	12,452
Cash and cash equivalents at end of period	71,102	6,216
Cash paid during the period for:
Interest, net	1,487	747
Income taxes	67	53
Noncash financing and investing activities:
Accrued equipment purchases	77	602
Leasehold improvements for deferred rent	2,275
Convertible Preferred Stock
Cash flows from financing activities:
Proceeds from exercise of warrants to acquire convertible preferred stock, net of issuance costs	$ 37	25
Series B Convertible Preferred Stock
Noncash financing and investing activities:
Reclassification upon exercise of warrant for Series B convertible preferred stock		$ 55

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Overview and Basis of Presentation	Note 1. Overview and Basis of Presentation Company and Background Xactly Corporation (the Company) was incorporated in Delaware in 2005. The Company is a provider of enterprise-class, cloud-based incentive compensation solutions for employee and sales performance management. The Company’s customers leverage these solutions to optimize incentive compensation and drive behavior by automating manual processes, streamlining workflows, providing visibility to users and delivering actionable analyses and insights. The Company’s solutions are delivered through a scalable, secure cloud-based platform that allows for fast innovation benefiting all customers while keeping their information secure. The Company is headquartered in San Jose, California. The Company’s fiscal year end is January 31 and its fiscal quarters end on April 30, July 31, October 31 and January 31. Initial Public Offering On July 1, 2015, the Company completed its initial public offering (IPO) in which it sold 7,909,125 shares of common stock, which includes 1,055,625 shares to cover over-allotments, to the public at $8.00 per share. The total gross proceeds from the offering were approximately $63,273,000. After deducting underwriting discounts and commissions, the aggregate net proceeds received totaled approximately $58,844,000, before offering costs of approximately $4,318,000, of which, approximately $1,709,000 were unpaid as of July 31, 2015. Upon the closing of the IPO, all shares of the Company’s then-outstanding convertible preferred stock automatically converted into an aggregate of 17,871,971 shares of common stock. In addition, upon the IPO, the Company’s outstanding convertible preferred stock warrants became warrants to purchase common stock and the Company’s outstanding preferred stock warrant liabilities became indexed to the Company's common stock and accordingly have been reclassified to additional paid-in capital. On June 11, 2015, a four-to-one reverse stock split of the Company's then-outstanding common stock and convertible preferred stock was effected in connection with the IPO. In this quarterly report on Form 10-Q, all information related to common stock, warrants to purchase common stock, stock awards, preferred stock, warrants to purchase convertible preferred stock and earnings per share has been retroactively adjusted to give effect to the four-to-one reverse stock split, without any change in the par value per share. Fractional shares resulting from the reverse stock split have been rounded down to the closest whole share. Basis of Presentation These unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (US GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Accordingly they do not include all of the financial information and footnotes required by US GAAP for complete financial statements. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company’s prospectus filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the Securities Act) with the SEC on June 26, 2015 (the IPO Prospectus). There have been no changes to the Company’s significant accounting policies described in the IPO Prospectus that have had a material impact on the Company’s consolidated financial statements and related notes. The consolidated balance sheet as of January 31, 2015, included herein was derived from the audited financial statements as of that date. These unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, the Company’s comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full year ending January 31, 2016. Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates and assumptions include, but are not limited to, revenue and sales allowances, allowance for doubtful accounts, determination of the fair value of common and preferred stock and preferred stock warrant liabilities (prior to IPO), stock-based compensation, determination of the fair value of acquired intangible assets, contingent liabilities and accounting for income taxes. These estimates and assumptions are based on management’s best judgment. Management evaluates its estimates and assumptions using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The current economic environment has increased the degree of uncertainty inherent in those estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates. Recent Accounting Pronouncements In May 2014, the FASB issued an ASU on revenue from contracts with customers, which supersedes the current revenue recognition requirements. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The standard’s original effective date was the first quarter of fiscal year 2018 using one of two adoption methods. However, in August 2015, the FASB issued an update to the ASU which provides the Company with the option to adopt in either the first quarter of fiscal year 2018 or fiscal year 2019. The Company will apply the guidance and disclosure provisions of the new standard in the first quarter of fiscal year 2019. The Company has not determined the potential effects of this standard on its consolidated financial statements or the planned method of adoption. In August 2014, the FASB issued new guidance related to the disclosures around going concern. The new standard provides guidance around management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company will apply the guidance and disclosure provisions of the new standard and assess the impact upon effectiveness. In April 2015, the FASB issued an ASU on the presentation of debt issuance costs. This ASU amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge. It is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. The Company will apply the guidance in the first quarter of fiscal year 2017 and does not expect this standard to have a material impact on its consolidated financial position or results of operations.

Balance Sheet Components

Balance Sheet Components	6 Months Ended
	Jul. 31, 2015
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Note 2. Balance Sheet Components Accounts receivable, net consisted of the following (in thousands): July 31, January 31, 2015 2015 Accounts receivable $ 13,699 $ 16,498 Unbilled accounts receivable 617 714 Allowance for doubtful accounts (40 ) (40 ) Accounts receivable, net $ 14,276 $ 17,172 Accrued expenses consisted of (in thousands): July 31, January 31, 2015 2015 Accrued compensation and benefits $ 3,316 $ 3,483 Accrued expenses 2,825 1,628 Deferred rent 1,239 563 Accrued legal settlement 500 500 Sales tax payable 463 360 Other 779 632 Total accrued expenses $ 9,122 $ 7,166 Property and equipment, net consisted of the following (in thousands): July 31, January 31, 2015 2015 Computer software and equipment $ 12,154 $ 9,283 Furniture and fixtures 684 582 Leasehold improvements 4,368 978 Construction in progress 288 1,927 Gross property and equipment 17,494 12,770 Less accumulated depreciation and amortization (8,213 ) (7,700 ) Property and equipment, net $ 9,281 $ 5,070 Depreciation and amortization expense for the three months ended July 31, 2015 and 2014 was $848,000 and $463,000, respectively, and for the six months ended July 31, 2015 and 2014, was $1,447,000 and $927,000, respectively.

Fair Value Measurements of Asse

Fair Value Measurements of Assets and Liabilities	6 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements of Assets and Liabilities	Note 3. Fair Value Measurements of Assets and Liabilities The Company measures certain financial assets and liabilities at fair value on a recurring basis. The Company determines fair value based upon the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, as determined by either the principal market or the most advantageous market. Inputs used in the valuation techniques to derive fair values are classified based on a three-level hierarchy. These levels are: Level 1 Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2 Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. Level 3 Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. Observable inputs are based on market data obtained from independent sources. The following summarizes assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands): July 31, 2015 Level 1 Level 2 Level 3 Total Assets: Cash equivalents—money market funds $ 70,158 $ — $ — $ 70,158 Restricted cash—money market funds 313 — — 313 Restricted cash—bank certificates of deposit 102 — — 102 Total $ 70,573 $ — $ — $ 70,573 January 31, 2015 Level 1 Level 2 Level 3 Total Assets: Cash equivalents—money market funds $ 17,938 $ — $ — $ 17,938 Restricted cash—money market funds 313 — — 313 Restricted cash—bank certificates of deposit 102 — — 102 Total $ 18,353 $ — $ — $ 18,353 Liabilities: Series C preferred stock warrants — — 343 343 Series D preferred stock warrants — — 145 145 Series D-1 preferred stock warrants — — 5,397 5,397 Total $ — $ — $ 5,885 $ 5,885 The fair value of the preferred stock warrants is measured using the Black-Scholes option pricing model. Inputs to that model include: the warrants remaining contractual term, the risk-free interest rate over the term, expected volatility based on representative peer companies and the estimated fair value of the underlying class of preferred stock. Changes in the Level 3 measurement of preferred stock warrants relate solely to unrealized gains (losses) resulting from remeasurement each period. The change in the fair value of the preferred stock warrants was as follows (in thousands): Balance at January 31, 2015 $ 5,885 Decrease in fair value of warrants (3,542 ) Reclassified to additional paid-in capital (2,343 ) Balance at July 31, 2015 $ — In connection with the Company's IPO, all outstanding convertible preferred stock converted to common stock. As a result, as of June 26, 2015, liabilities associated with the convertible preferred stock warrants were remeasured at fair value on the IPO date and have been reclassified to additional paid-in capital because all of these warrants to purchase convertible preferred stock have become warrants to purchase common stock and will no longer be remeasured at fair value each reporting period.

Debt

Debt	6 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Debt	Note 4. Debt The Company has an Amended and Restated Loan and Security Agreement (SVB Agreement) and a Mezzanine Loan and Security Agreement (Mezzanine Loan) with Silicon Valley Bank (SVB). The SVB Agreement provides the Company with a revolving line of credit for $11,000,000 and allows for an increase up to $13,000,000 if the Company meets certain milestones. As of July 31, 2015 and January 31, 2015, $6,500,000 had been borrowed under the SVB revolving line of credit, leaving $4,500,000 available for borrowing. As of July 31, 2015 and January 31, 2015, the interest rate on the revolving line of credit was 5.5%. The Mezzanine Loan provides for a $10,000,000 mezzanine term loan with a fixed interest rate of 9.5%. As of July 31, 2015 and January 31, 2015, $10,000,000 was outstanding under the mezzanine term loan. The Company also has an Amended and Restated Loan and Security Agreement (Wellington Agreement) with Wellington Financial LP (Wellington). As of July 31, 2015 and January 31, 2015, $15,408,000 was outstanding under the Wellington Agreement. As of July 31, 2015 and January 31, 2015 the interest rate on the Wellington Agreement was a fixed rate of 9.5%. The SVB Agreement and the Wellington Agreement both include various financial and non-financial covenants for which the Company was in compliance as of July 31, 2015 and January 31, 2015.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5. Commitments and Contingencies Minimum Service Commitments and Leases The Company has certain contractual service contracts that contain non-cancellable minimum service commitments that expire on various dates through fiscal 2016 and leases office space and equipment under non-cancellable operating and capital leases that expire on various dates through the year ending January 31, 2022. These commitments as of January 31, 2015 are disclosed in the Company’s IPO Prospectus, and did not change materially during the six months ended July 31, 2015. Leases for certain office facilities include scheduled periods of abatement and escalation of rental payments. The Company recognizes minimum rental expenses and lease incentives for operating leases on a straight-line basis over the term of the leases. On March 30, 2015, the Company moved its headquarters to 300 Park Avenue in San Jose, CA and ceased using the leased office space at its prior headquarters. The Company is obligated to continue to make rental payments on the lease for its prior headquarters through January 2016. Therefore, the Company recorded a liability based on the remaining lease rentals, net of estimated sublease income in the amount of $693,000 which was recognized in the Company’s consolidated statements of operations in general and administrative expense for the six months ended July 31, 2015. As of July 31, 2015, $566,000 is included in accrued liabilities in the Company’s condensed consolidated balances sheets. For accounting purposes, the lease commencement date was January 15, 2015 and the related future committed payments are included in the Company’s IPO Prospectus and did not change materially during the six months ended July 31, 2015. Also, in connection with exiting its prior headquarters, the Company wrote off abandoned leasehold improvements with a net book value of approximately $245,000 resulting in a charge included in general and administrative expenses for the six months ended July 31, 2015. Indemnifications In the normal course of business, the Company provides indemnifications of varying scope to customers against claims of intellectual property infringement made by third parties arising from the use of the Company’s services and the Company may be subject to claims by customers under these indemnification provisions. Historically, costs related to these indemnification provisions have not been significant and the Company is unable to estimate the maximum potential impact of these indemnification provisions on future results of operations. To the extent permitted under Delaware law, the Company has agreements to indemnify directors and officers for certain events or occurrences while the director or officer is or was serving at the Company’s request in such capacity. The indemnification period covers all pertinent events and occurrences during the director’s or officer’s lifetime. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has director and officer insurance coverage that limits the Company’s exposure and enables the Company to recover a portion of any future amounts paid. The Company believes that the estimated fair value of these indemnification agreements in excess of applicable insurance coverage is minimal. Other Taxes The Company conducts operations in many tax jurisdictions throughout the United States. In many of these jurisdictions, non-income based taxes, such as property taxes, sales and use taxes, and value-added taxes are assessed on the Company’s operations in that particular location. While the Company strives to ensure compliance with these various non-income based tax filing requirements, there have been instances where potential non-compliance exposures have been identified. In accordance with U.S. GAAP, the Company makes a provision for these exposures when it is both probable that a liability has been incurred and the amount of the exposure can be reasonably estimated.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Stockholders' Equity	Note 6. Stockholders’ Equity Capital Structure In June 2015, the Company’s board of directors and stockholders adopted an amendment to the Company’s certificate of incorporation to effect a reverse stock split of the Company's outstanding common stock and convertible preferred stock at a ratio of four-to-one. Accordingly, on June 11, 2015, (i) each four shares of outstanding common stock and convertible preferred stock (collectively referred to as “Capital Stock”) were exchanged and combined into one share of Capital Stock of the same class and series, as applicable; (ii) the number of shares of Capital Stock into which each outstanding warrant or option to purchase Capital Stock is exercisable was proportionately reduced on a four-to-one basis; and (iii) the exercise price of each outstanding warrant or option to purchase Capital Stock was proportionately increased on a four-to-one basis. Prior to the IPO (Note 1), the Company had outstanding 2,663,142 shares of Series A convertible preferred stock, 2,375,363 shares of Series B convertible preferred stock, 2,972,423 shares of Series C convertible preferred stock, 3,875,111 shares of Series D convertible preferred stock, 1,729,518 shares of Series D-1 convertible preferred stock, 3,391,686 shares of Series E convertible preferred stock and 864,728 shares of Series F convertible preferred stock. Each share of convertible preferred stock was convertible to one share of common stock upon receipt of the required consent of preferred stockholders or upon conclusion of qualified IPO. Upon the closing of the IPO on July 1, 2015, all then-outstanding convertible preferred stock converted into 17,871,971 shares of common stock. In connection with the Company's IPO, the Company amended and restated its certificate of incorporation ("Amended and Restated Certificate of Incorporation"), pursuant to which the Company is authorized to issue 1,000,000,000 shares of common stock and 20,000,000 shares of preferred stock, both with a par value of $0.001 per share. The Amended and Restated Certificate of Incorporation was filed with the Delaware Secretary of State, and became effective on July 1, 2015. As of July 31, 2015, there were 29,149,755 shares of common stock issued and outstanding and no shares of preferred stock issued and outstanding. Series E Preferred Stock Options In connection with the Company’s acquisition of Centive, Inc. (Centive) in January 2009, the Company reserved for issuance 399,960 shares of Series E convertible preferred stock related to Series E convertible preferred stock options with an exercise price of $0.9580 per share, granted to former members of Centive management as designated by the former Centive shareholders. The shares may be issued to the former members of Centive management upon exercise of the options only upon the completion of a sale event of the Company or if the shares become freely tradable in a public securities market. In either case, the proceeds from the exercise of the options, once received by the Company or, in the case of a cashless exercise, any shares tendered back to the Company to satisfy the exercise price, will be distributed to the former Centive shareholders. If the shares underlying the options are not issued to the former members of Centive management, either because they are never exercised or they terminate by their expiration date of January 22, 2019, then the shares will be distributed to the former Centive shareholders. As a result of the Company’s IPO, the options may be exercised commencing when the shares of common stock underlying such options become freely tradable in a public securities market and ending prior to March 31, 2016. Warrants As of January 31, 2015, the Company had outstanding warrants to purchase a total of 35,433, 15,789, 471,948 and 216,175 shares of Series C, D, D-1 and F convertible preferred stock, respectively. Prior to the IPO, the Company had determined that the warrants to purchase Series C, D and D-1 convertible preferred stock should be liability classified and the warrants to purchase Series F convertible preferred stock should be equity classified. Upon the IPO, the Company’s outstanding convertible preferred stock warrants became warrants to purchase common stock and the Company’s outstanding preferred stock warrant liabilities became indexed to the Company's common stock and accordingly have been reclassified to additional paid-in capital. Donation to the XactlyOne Foundation In May 2015, the Company donated 50,000 shares of common stock to the XactlyOne Foundation. The Company recorded a share-based charge of $498,000 for the value of the donated shares to general and administrative expense in the three months ended July 31, 2015.

Stock-Based Awards and Stock-Ba

Stock-Based Awards and Stock-Based Compensation	6 Months Ended
	Jul. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Awards and Stock-Based Compensation	Note 7. Stock-based Awards and Stock-based Compensation 2005 Stock Option Plan In 2005, the Company adopted a stock plan (2005 Plan), which was amended in September 2011 and again in March 2015. The 2005 Plan was terminated in connection with the IPO, and accordingly, no shares are available for future issuance under this plan. All shares that were available for the Company to grant under the 2005 Plan immediately prior to its termination were canceled. Awards under the 2005 Plan that expire or terminate without having been exercised subsequent to the IPO or are forfeited to or repurchased by the Company subsequent to the IPO will become available for issuance under the 2015 Equity Incentive Plan (2015 Plan), subject to the limits set forth in the 2015 Plan. 2015 Equity Incentive Plan In June 2015, the Board adopted and the Company’s stockholders approved the 2015 Plan, which became effective upon the effectiveness of the IPO Prospectus. The 2015 Plan provides for the grant of incentive stock options, within the meaning of Section 422 of the Internal Revenue Code, to the Company’s employees and any subsidiary corporations’ employees, and for the grant of nonstatutory stock options, restricted stock, restricted stock units, stock appreciation rights, performance units and performance shares to the Company’s employees, directors and consultants and the Company’s subsidiary corporations’ employees and consultants. As of July 31, 2015, an aggregate of 2,808,400 common shares were reserved and available for issuance under the 2015 Plan. 2015 Employee Stock Purchase Plan In June 2015, the Company’s Board of Directors adopted and the Company’s stockholders approved the 2015 Employee Stock Purchase Plan (the ESPP) with the first offering period under the ESPP beginning on the effectiveness of the IPO Prospectus. As of such date, an aggregate of 600,000 shares of common stock were reserved and are available for issuance under the ESPP. The ESPP allows eligible employees to purchase shares of common stock at a discount through payroll deductions of up to 15% of their eligible compensation, at 85% of the fair market value, as defined in the ESPP, on the first day of the offering period or the last day of the purchase period, whichever is lower, and subject to any plan limitations. The ESPP provides for consecutive six-month purchase periods, starting on the first trading day on or after March 20 and September 20 of each year. The first purchase period began on the first trading day after the effective date of the registration statement and will end on March 20, 2016. Stock option activity is as follows: Number of shares Weighted average exercise price Weighted average remaining contractual term Aggregate intrinsic value (in thousands) Balance at January 31, 2015 4,703,974 $ 3.29 7.1 years $ 21,014 Granted 187,556 9.51 Exercised (432,900 ) 1.28 Forfeited (77,844 ) 6.77 Expired (16,606 ) 2.71 Balance at July 31, 2015 4,364,180 $ 3.70 6.9 years $ 16,409 Vested and expected to vest as of July 31, 2015 4,254,970 $ 3.62 6.8 years $ 16,315 Exercisable as of July 31, 2015 2,625,548 $ 1.86 5.6 years $ 14,299 The intrinsic value for options exercised represents the difference between the fair market value based on the valuation of the common stock as determined by the Company’s Board of Directors prior to the IPO, or the closing market price of the Company’s common stock, following the IPO, on the date of exercise and the exercise price of the in-the-money stock options. Valuation and Expense of Stock-Based Compensation The fair value of stock options and ESPP awards is estimated at the grant date for options and issuance date for ESPP using the Black-Scholes option valuation model. The determination of fair value of stock options on the date of grant and ESPP awards on the date of issuance using an option-pricing model is affected by the Company’s stock price as well as assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, the Company’s expected stock price volatility over the term of the awards based on average historical volatility of comparable entities with publicly traded shares and actual employee stock option exercise behavior. Stock-based compensation included in the Company’s consolidated statements of operations is as follows (in thousands): Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 Cost of subscription services $ 93 $ 56 $ 165 $ 112 Cost of professional services 68 14 109 27 Research and development 146 62 240 118 Sales and marketing 173 58 285 152 General and administrative 253 195 483 400 Total $ 733 $ 385 $ 1,282 $ 809 As of July 31, 2015, there was $5,735,000 of unamortized share-based compensation expense, which is expected to be amortized over a weighted-average period of approximately 2.8 years. The Company did not issue any shares under the ESPP during the six months ended July 31, 2015. Restricted Stock Units A summary of RSU activity during the six months ended July 31, 2015 was as follows: Number of shares Weighted average grant-date fair value Balance at January 31, 2015 — $ — Granted 215,191 8.32 Released — — Forfeited — — Balance at July 31, 2015 215,191 $ 8.32

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 8. Income Taxes For the three and six months ended July 31, 2015 and 2014, the provision for income taxes differed from the statutory amount primarily due to state and foreign taxes currently payable, and the Company realized no benefit for current year losses due to maintaining a full valuation allowance against its domestic and foreign net deferred tax assets.

Basic and Diluted Net Loss Per

Basic and Diluted Net Loss Per Share	6 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Basic and Diluted Net Loss Per Share	Note 9. Basic and Diluted Net Loss Per Share The following table sets forth the computation of the Company’s basic and diluted net loss per share of common stock under the two-class method attributable to common stockholders (in thousands, except per share data): Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 Numerator: Net loss $ (3,475 ) $ (5,004 ) $ (8,469 ) $ (8,889 ) Denominator: Weighted-average common shares outstanding 12,280 2,751 7,679 2,719 Basic and diluted net loss per share $ (0.28 ) $ (1.82 ) $ (1.10 ) $ (3.27 ) The following is a table summarizing the potentially dilutive common shares that were excluded from diluted weighted-average common shares outstanding because they were anti-dilutive (in thousands): Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 Shares of common stock issuable upon conversion of preferred stock — 17,007 — 17,007 Shares of common stock issuable upon exercise of warrants 523 219 523 219 Shares of common stock issuable under stock option plans outstanding 4,579 4,337 4,579 4,337 Potential common shares excluded from diluted net loss per share 5,102 21,563 5,102 21,563

Segment Information and Informa

Segment Information and Information About Geographic Concentrations	6 Months Ended
	Jul. 31, 2015
Segments Geographical Areas [Abstract]
Segment Information and Information About Geographic Concentrations	Note 10. Segment Information and Information About Geographic Concentrations The Company has determined that the chief executive officer is the chief operating decision maker. The Company’s chief executive officer reviews financial information presented on a consolidated basis for purposes of assessing performance and making decisions on how to allocate resources. Accordingly, the Company has determined that it operates in a single reporting segment. Revenue by location is determined by the billing address of the customer. The following tables present the Company’s revenue by geographic region for the periods presented (in thousands): Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 United States $ 16,623 $ 13,772 $ 33,116 $ 28,150 Rest of the world 1,729 1,129 3,059 2,032 Total $ 18,352 $ 14,901 $ 36,175 $ 30,182 Revenue from no other individual country exceeded 10% of total revenue for the three months ended July 31, 2015 or 2014 or for the six months ended July 31, 2015 or 2014. Property and equipment by geographic location is based on the location of the legal entity that owns the asset and were as follows (in thousands): July 31, 2015 January 31, 2015 United States $ 9,099 $ 4,901 Rest of the world 182 169 Total $ 9,281 $ 5,070

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jul. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 11. Related Party Transactions The Company has a vendor and a customer relationship with a software company that had an individual who was an executive with such company on the Company’s board of directors during the periods presented in this report. This software company provides software to the Company that allows the transfer of data between the Company’s products. For the three and six months ended July 31, 2015 and 2014, the Company licensed software from this related party for approximately $97,500, $97,500, $75,000, and $75,000, respectively, and billed this related party approximately $0, $3,000, $512,000, and $516,000, respectively. Amounts payable to and receivable from this related party were de minimus for all periods presented.

Subsequent Events

Subsequent Events	6 Months Ended
	Jul. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note 12. Subsequent Events On August 31, 2015, all amounts outstanding under the Wellington Agreement were fully repaid in accordance with its terms, and as a result, the remaining debt discounts associated with that facility will be fully recognized as expense in the quarter ending October 31, 2015.

Overview and Basis of Present19

Overview and Basis of Presentation (Policies)	6 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Initial Public Offering	Initial Public Offering On July 1, 2015, the Company completed its initial public offering (IPO) in which it sold 7,909,125 shares of common stock, which includes 1,055,625 shares to cover over-allotments, to the public at $8.00 per share. The total gross proceeds from the offering were approximately $63,273,000. After deducting underwriting discounts and commissions, the aggregate net proceeds received totaled approximately $58,844,000, before offering costs of approximately $4,318,000, of which, approximately $1,709,000 were unpaid as of July 31, 2015. Upon the closing of the IPO, all shares of the Company’s then-outstanding convertible preferred stock automatically converted into an aggregate of 17,871,971 shares of common stock. In addition, upon the IPO, the Company’s outstanding convertible preferred stock warrants became warrants to purchase common stock and the Company’s outstanding preferred stock warrant liabilities became indexed to the Company's common stock and accordingly have been reclassified to additional paid-in capital. On June 11, 2015, a four-to-one reverse stock split of the Company's then-outstanding common stock and convertible preferred stock was effected in connection with the IPO. In this quarterly report on Form 10-Q, all information related to common stock, warrants to purchase common stock, stock awards, preferred stock, warrants to purchase convertible preferred stock and earnings per share has been retroactively adjusted to give effect to the four-to-one reverse stock split, without any change in the par value per share. Fractional shares resulting from the reverse stock split have been rounded down to the closest whole share.
Basis of Presentation	Basis of Presentation These unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (US GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. Accordingly they do not include all of the financial information and footnotes required by US GAAP for complete financial statements. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in the Company’s prospectus filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the Securities Act) with the SEC on June 26, 2015 (the IPO Prospectus). There have been no changes to the Company’s significant accounting policies described in the IPO Prospectus that have had a material impact on the Company’s consolidated financial statements and related notes. The consolidated balance sheet as of January 31, 2015, included herein was derived from the audited financial statements as of that date. These unaudited consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the financial position, results of operations, the Company’s comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full year ending January 31, 2016.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates and assumptions include, but are not limited to, revenue and sales allowances, allowance for doubtful accounts, determination of the fair value of common and preferred stock and preferred stock warrant liabilities (prior to IPO), stock-based compensation, determination of the fair value of acquired intangible assets, contingent liabilities and accounting for income taxes. These estimates and assumptions are based on management’s best judgment. Management evaluates its estimates and assumptions using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. The current economic environment has increased the degree of uncertainty inherent in those estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued an ASU on revenue from contracts with customers, which supersedes the current revenue recognition requirements. This ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The standard also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The standard’s original effective date was the first quarter of fiscal year 2018 using one of two adoption methods. However, in August 2015, the FASB issued an update to the ASU which provides the Company with the option to adopt in either the first quarter of fiscal year 2018 or fiscal year 2019. The Company will apply the guidance and disclosure provisions of the new standard in the first quarter of fiscal year 2019. The Company has not determined the potential effects of this standard on its consolidated financial statements or the planned method of adoption. In August 2014, the FASB issued new guidance related to the disclosures around going concern. The new standard provides guidance around management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. Early adoption is permitted. The Company will apply the guidance and disclosure provisions of the new standard and assess the impact upon effectiveness. In April 2015, the FASB issued an ASU on the presentation of debt issuance costs. This ASU amends existing guidance to require the presentation of debt issuance costs in the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge. It is effective for annual reporting periods beginning after December 15, 2015, but early adoption is permitted. The Company will apply the guidance in the first quarter of fiscal year 2017 and does not expect this standard to have a material impact on its consolidated financial position or results of operations.

Stock-Based Awards and Stock-20

Stock-Based Awards and Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock Option Activity	ERROR: Could not retrieve Word content for note block A summary of RSU activity during the six months ended July 31, 2015 was as follows: Number of shares Weighted average grant-date fair value Balance at January 31, 2015 — $ — Granted 215,191 8.32 Released — — Forfeited — — Balance at July 31, 2015 215,191 $ 8.32
Summary of Stock-Based Compensation Expense	Stock-based compensation included in the Company’s consolidated statements of operations is as follows (in thousands): Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 Cost of subscription services $ 93 $ 56 $ 165 $ 112 Cost of professional services 68 14 109 27 Research and development 146 62 240 118 Sales and marketing 173 58 285 152 General and administrative 253 195 483 400 Total $ 733 $ 385 $ 1,282 $ 809

Balance Sheet Components (Table

Balance Sheet Components (Tables)	6 Months Ended
	Jul. 31, 2015
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts Receivable, Net	Accounts receivable, net consisted of the following (in thousands): July 31, January 31, 2015 2015 Accounts receivable $ 13,699 $ 16,498 Unbilled accounts receivable 617 714 Allowance for doubtful accounts (40 ) (40 ) Accounts receivable, net $ 14,276 $ 17,172
Schedule of Accrued Expenses	Accrued expenses consisted of (in thousands): July 31, January 31, 2015 2015 Accrued compensation and benefits $ 3,316 $ 3,483 Accrued expenses 2,825 1,628 Deferred rent 1,239 563 Accrued legal settlement 500 500 Sales tax payable 463 360 Other 779 632 Total accrued expenses $ 9,122 $ 7,166
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): July 31, January 31, 2015 2015 Computer software and equipment $ 12,154 $ 9,283 Furniture and fixtures 684 582 Leasehold improvements 4,368 978 Construction in progress 288 1,927 Gross property and equipment 17,494 12,770 Less accumulated depreciation and amortization (8,213 ) (7,700 ) Property and equipment, net $ 9,281 $ 5,070

Fair Value Measurements of As22

Fair Value Measurements of Assets and Liabilities (Tables)	6 Months Ended
	Jul. 31, 2015
Fair Value Disclosures [Abstract]
Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis	The following summarizes assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands): July 31, 2015 Level 1 Level 2 Level 3 Total Assets: Cash equivalents—money market funds $ 70,158 $ — $ — $ 70,158 Restricted cash—money market funds 313 — — 313 Restricted cash—bank certificates of deposit 102 — — 102 Total $ 70,573 $ — $ — $ 70,573 January 31, 2015 Level 1 Level 2 Level 3 Total Assets: Cash equivalents—money market funds $ 17,938 $ — $ — $ 17,938 Restricted cash—money market funds 313 — — 313 Restricted cash—bank certificates of deposit 102 — — 102 Total $ 18,353 $ — $ — $ 18,353 Liabilities: Series C preferred stock warrants — — 343 343 Series D preferred stock warrants — — 145 145 Series D-1 preferred stock warrants — — 5,397 5,397 Total $ — $ — $ 5,885 $ 5,885
Schedule of Change in Fair Value of Preferred Stock Warrants	The change in the fair value of the preferred stock warrants was as follows (in thousands): Balance at January 31, 2015 $ 5,885 Decrease in fair value of warrants (3,542 ) Reclassified to additional paid-in capital (2,343 ) Balance at July 31, 2015 $ —

Basic and Diluted Net Loss Pe23

Basic and Diluted Net Loss Per Share (Tables)	6 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of the Company’s basic and diluted net loss per share of common stock under the two-class method attributable to common stockholders (in thousands, except per share data): Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 Numerator: Net loss $ (3,475 ) $ (5,004 ) $ (8,469 ) $ (8,889 ) Denominator: Weighted-average common shares outstanding 12,280 2,751 7,679 2,719 Basic and diluted net loss per share $ (0.28 ) $ (1.82 ) $ (1.10 ) $ (3.27 )
Schedule of Potentially Dilutive Common Shares Excluded from Diluted Weighted Average Common Shares Outstanding	The following is a table summarizing the potentially dilutive common shares that were excluded from diluted weighted-average common shares outstanding because they were anti-dilutive (in thousands): Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 Shares of common stock issuable upon conversion of preferred stock — 17,007 — 17,007 Shares of common stock issuable upon exercise of warrants 523 219 523 219 Shares of common stock issuable under stock option plans outstanding 4,579 4,337 4,579 4,337 Potential common shares excluded from diluted net loss per share 5,102 21,563 5,102 21,563

Segment Information and Infor24

Segment Information and Information About Geographic Concentrations (Tables)	6 Months Ended
	Jul. 31, 2015
Segments Geographical Areas [Abstract]
Schedule of Company's Revenue by Geographic Region for Periods Presented	The following tables present the Company’s revenue by geographic region for the periods presented (in thousands): Three months ended July 31, Six months ended July 31, 2015 2014 2015 2014 United States $ 16,623 $ 13,772 $ 33,116 $ 28,150 Rest of the world 1,729 1,129 3,059 2,032 Total $ 18,352 $ 14,901 $ 36,175 $ 30,182
Schedule of Property and Equipment by Geographic Location	Property and equipment by geographic location is based on the location of the legal entity that owns the asset and were as follows (in thousands): July 31, 2015 January 31, 2015 United States $ 9,099 $ 4,901 Rest of the world 182 169 Total $ 9,281 $ 5,070

Overview and Basis of Present25

Overview and Basis of Presentation - Additional Information (Details) - USD ($)	Jul. 01, 2015	Jul. 31, 2015
Summary Of Significant Accounting Policies [Line Items]
Proceeds from initial public offering		$ 58,844,000
Conversion of preferred stock to common stock	17,871,971
IPO
Summary Of Significant Accounting Policies [Line Items]
Common stock shares issued	7,909,125
Common stock price per share	$ 8
Proceeds from initial public offering	$ 63,273,000
Proceeds after deducting underwriters discounts, commissions and offering costs	58,844,000
Paid offering costs	$ 4,318,000
Unpaid offering costs		$ 1,709,000
Over Allotment Option
Summary Of Significant Accounting Policies [Line Items]
Common stock shares issued	1,055,625

Balance Sheet Components - Summ

Balance Sheet Components - Summary of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Balance Sheet Related Disclosures [Abstract]
Accounts receivable	$ 13,699	$ 16,498
Unbilled accounts receivable	617	714
Allowance for doubtful accounts	(40)	(40)
Accounts receivable, net	$ 14,276	$ 17,172

Balance Sheet Components - Su27

Balance Sheet Components - Summary of Accrued Expenses (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Balance Sheet Related Disclosures [Abstract]
Accrued compensation and benefits	$ 3,316	$ 3,483
Accrued expenses	2,825	1,628
Deferred rent	1,239	563
Accrued legal settlement	500	500
Sales tax payable	463	360
Other	779	632
Total accrued expenses	$ 9,122	$ 7,166

Balance Sheet Components - Sche

Balance Sheet Components - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 17,494	$ 12,770
Less accumulated depreciation and amortization	(8,213)	(7,700)
Property and equipment, net	9,281	5,070
Computer Software and Equipment
Property Plant And Equipment [Line Items]
Gross property and equipment	12,154	9,283
Furniture and Fixtures
Property Plant And Equipment [Line Items]
Gross property and equipment	684	582
Leasehold Improvements
Property Plant And Equipment [Line Items]
Gross property and equipment	4,368	978
Construction in Progress
Property Plant And Equipment [Line Items]
Gross property and equipment	$ 288	$ 1,927

Balance Sheet Components - Addi

Balance Sheet Components - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Balance Sheet Related Disclosures [Abstract]
Depreciation and amortization	$ 848	$ 463	$ 1,447	$ 927

Fair Value Measurements of As30

Fair Value Measurements of Assets and Liabilities - Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Assets:
Assets fair value	$ 70,573	$ 18,353
Liabilities:
Liabilities fair value		5,885
Series C Preferred Stock Warrants
Liabilities:
Liabilities fair value		343
Series D Preferred Stock Warrants
Liabilities:
Liabilities fair value		145
Series D-1 Preferred Stock Warrants
Liabilities:
Liabilities fair value		5,397
Fair Value, Inputs, Level 1
Assets:
Assets fair value	70,573	18,353
Fair Value, Inputs, Level 3
Liabilities:
Liabilities fair value		5,885
Fair Value, Inputs, Level 3 | Series C Preferred Stock Warrants
Liabilities:
Liabilities fair value		343
Fair Value, Inputs, Level 3 | Series D Preferred Stock Warrants
Liabilities:
Liabilities fair value		145
Fair Value, Inputs, Level 3 | Series D-1 Preferred Stock Warrants
Liabilities:
Liabilities fair value		5,397
Money Market Funds
Assets:
Cash equivalents	70,158	17,938
Restricted cash	313	313
Money Market Funds | Fair Value, Inputs, Level 1
Assets:
Cash equivalents	70,158	17,938
Restricted cash	313	313
Bank Certificates of Deposit
Assets:
Restricted cash	102	102
Bank Certificates of Deposit | Fair Value, Inputs, Level 1
Assets:
Restricted cash	$ 102	$ 102

Fair Value Measurements of As31

Fair Value Measurements of Assets and Liabilities - Schedule of Change in Fair Value of Preferred Stock Warrants (Details) - Preferred Stock Warrants - Fair Value, Inputs, Level 3 $ in Thousands	6 Months Ended
	Jul. 31, 2015USD ($)
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at January 31, 2015	$ 5,885
Decrease in fair value of warrants	(3,542)
Reclassified to additional paid-in capital	$ (2,343)

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	6 Months Ended
	Jul. 31, 2015	Jan. 31, 2015
Wellington Agreement
Debt Instrument [Line Items]
Term loan outstanding	$ 15,408,000	$ 15,408,000
Fixed interest rate	9.50%	9.50%
Mezzanine Loan and Security Agreement
Debt Instrument [Line Items]
Line of credit facility	$ 11,000,000
Increase in line of credit facility	13,000,000
Term loan outstanding	$ 10,000,000
Fixed interest rate	9.50%
Line of credit facility, maximum borrowing capacity	$ 6,500,000	$ 6,500,000
Line of credit facility, remaining borrowing capacity	$ 4,500,000
Line of credit facility interest rate	5.50%	5.50%
Mezzanine Loan and Security Agreement | Term Loan Facility
Debt Instrument [Line Items]
Term loan outstanding	$ 10,000,000	$ 10,000,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - Jul. 31, 2015 - USD ($)	Total
Commitments And Contingencies [Line Items]
Accrued liability on lease rentals	$ 566,000
Lease commence date	Jan. 15, 2015
General and Administrative
Commitments And Contingencies [Line Items]
Net of estimated sublease income	$ 693,000
Other expense related to write off leasehold improvements with net book value	$ 245,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details)	Jun. 11, 2015$ / sharesshares	May. 31, 2015shares	Jul. 31, 2015USD ($)$ / sharesshares	Jul. 31, 2015USD ($)$ / sharesshares	Jul. 01, 2015shares	Jan. 31, 2015$ / sharesshares
Equity [Line Items]
Stock split, conversion ratio	4
Reverse stock split of common stock and convertible preferred stock				In June 2015, the Company’s board of directors and stockholders adopted an amendment to the Company’s certificate of incorporation to effect a reverse stock split of the Company's outstanding common stock and convertible preferred stock at a ratio of four-to-one. Accordingly, on June 11, 2015, (i) each four shares of outstanding common stock and convertible preferred stock (collectively referred to as “Capital Stock”) were exchanged and combined into one share of Capital Stock of the same class and series, as applicable; (ii) the number of shares of Capital Stock into which each outstanding warrant or option to purchase Capital Stock is exercisable was proportionately reduced on a four-to-one basis; and (iii) the exercise price of each outstanding warrant or option to purchase Capital Stock was proportionately increased on a four-to-one basis.
Preferred stock, shares outstanding			0	0		0
Capital structure description				Each share of convertible preferred stock was convertible to one share of common stock upon receipt of the required consent of preferred stockholders or upon conclusion of qualified IPO.
Common stock, shares authorized	1,000,000,000		1,000,000,000	1,000,000,000		120,000,000
Common stock, par value | $ / shares	$ 0.001		$ 0.001	$ 0.001		$ 0.001
Preferred stock, shares authorized			20,000,000	20,000,000		0
Preferred stock, par value | $ / shares			$ 0.001	$ 0.001		$ 0.001
Amended and restated certificate of incorporation effective date	Jul. 1, 2015
Common stock, shares issued			29,149,755	29,149,755		2,881,951
Common stock, shares outstanding			29,149,755	29,149,755		2,881,951
Preferred stock, shares issued			0	0		0
Share based charge | $				$ 498,000
XactlyOne Foundation
Equity [Line Items]
Donation of common stock shares		50,000
XactlyOne Foundation | General and Administrative
Equity [Line Items]
Share based charge | $			$ 498,000
IPO
Equity [Line Items]
Convertible preferred stock converted into shares of common stock					17,871,971
Series A Convertible Preferred Stock
Equity [Line Items]
Preferred stock, shares outstanding			2,663,142	2,663,142
Series B Convertible Preferred Stock
Equity [Line Items]
Preferred stock, shares outstanding			2,375,363	2,375,363
Series C Convertible Preferred Stock
Equity [Line Items]
Preferred stock, shares outstanding			2,972,423	2,972,423
Shares purchased						35,433
Series D Convertible Preferred Stock
Equity [Line Items]
Preferred stock, shares outstanding			3,875,111	3,875,111
Shares purchased						15,789
Series D-1 Convertible Preferred Stock
Equity [Line Items]
Preferred stock, shares outstanding			1,729,518	1,729,518
Shares purchased						471,948
Series E Convertible Preferred Stock
Equity [Line Items]
Preferred stock, shares outstanding			3,391,686	3,391,686
Series F Convertible Preferred Stock
Equity [Line Items]
Preferred stock, shares outstanding			864,728	864,728
Shares purchased						216,175
Convertible Preferred Stock
Equity [Line Items]
Preferred stock, shares outstanding			0	0		17,871,971
Preferred stock, shares authorized	20,000,000		0	0		79,000,000
Preferred stock, par value | $ / shares	$ 0.001		$ 0.001	$ 0.001		$ 0.001
Preferred stock, shares issued			0	0		17,871,971
Series E Convertible Preferred Stock Options
Equity [Line Items]
Convertible preferred stock, shares reserved for future issuance			399,960	399,960
Convertible preferred stock exercise price | $ / shares				$ 0.9580
Convertible preferred stock expiration date				Jan. 22, 2019

Stock-Based Awards and Stock-35

Stock-Based Awards and Stock-Based Compensation - Additional Information (Details) - USD ($)	1 Months Ended	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unamortized share based compensation expense		$ 5,735,000
Share based compensation expense, weighted average amortization period		2 years 9 months 18 days
2005 Stock Option Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for future issuance		0
2015 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for future issuance		2,808,400
2015 Employee Stock Purchase Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock reserved for future issuance	600,000
Share-based compensation discount from market price, purchase date	15.00%
Share-based compensation discount from market price, offering date	85.00%

Stock-Based Awards and Stock-36

Stock-Based Awards and Stock-Based Compensation- Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 31, 2015	Jan. 31, 2015
Number of shares
Number of shares, Beginning balance	4,703,974
Number of shares, Granted	187,556
Number of shares, Exercised	(432,900)
Number of shares, Forfeited	(77,844)
Number of shares, Expired	(16,606)
Number of shares, Ending balance	4,364,180	4,703,974
Number of shares, Vested and expected to vest	4,254,970
Number of shares, Exercisable	2,625,548
Weighted average exercise price
Weighted average exercise price, Beginning balance	$ 3.29
Weighted average exercise price, Granted	9.51
Weighted average exercise price, Exercised	1.28
Weighted average exercise price, Forfeited	6.77
Weighted average exercise price, Expired	2.71
Weighted average exercise price, Ending balance	3.70	$ 3.29
Weighted average exercise price, Vested and expected to vest	3.62
Weighted average exercise price, Exercisable	$ 1.86
Weighted average remaining contractual term
Weighted average remaining contractual term	6 years 10 months 24 days	7 years 1 month 6 days
Weighted average remaining contractual term, Vested and expected to vest	6 years 9 months 18 days
Weighted average remaining contractual term, Exercisable	5 years 7 months 6 days
Aggregate intrinsic value
Aggregate intrinsic value, Beginning balance	$ 21,014
Aggregate intrinsic value, Ending balance	16,409	$ 21,014
Aggregate intrinsic value, Vested and expected to vest	16,315
Aggregate intrinsic value, Exercisable	$ 14,299
Restricted Stock Units
Number of shares
Number of shares, Granted	215,191
Number of shares, Ending balance	215,191
Weighted average grand-date fair value
Weighted average grand-date fair value, Granted	$ 8.32
Weighted average grand-date fair value, Ending balance	$ 8.32

Stock-Based Awards and Stock-37

Stock-Based Awards and Stock-Based Compensation- Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Stock-based compensation expense	$ 733	$ 385	$ 1,282	$ 809
Cost of Subscription Services
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Stock-based compensation expense	93	56	165	112
Cost of Professional Services
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Stock-based compensation expense	68	14	109	27
Research and Development
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Stock-based compensation expense	146	62	240	118
Sales and Marketing
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Stock-based compensation expense	173	58	285	152
General and Administrative
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Stock-based compensation expense	$ 253	$ 195	$ 483	$ 400

Basic and Diluted Net Loss Pe38

Basic and Diluted Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Numerator:
Net loss	$ (3,475)	$ (5,004)	$ (8,469)	$ (8,889)
Denominator:
Weighted-average common shares outstanding	12,280	2,751	7,679	2,719
Basic and diluted	$ (0.28)	$ (1.82)	$ (1.10)	$ (3.27)

Basic and Diluted Net Loss Pe39

Basic and Diluted Net Loss Per Share - Potentially Dilutive Common Shares Excluded from Diluted Weighted-Average Common Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share	5,102	21,563	5,102	21,563
Warrant
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share	523	219	523	219
Stock Option
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share	4,579	4,337	4,579	4,337
Preferred Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share		17,007		17,007

Segment Information and Infor40

Segment Information and Information About Geographic Concentrations - Schedule of Company's Revenue by Geographic Region for Periods Presented (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Segment Reporting Information [Line Items]
Total revenue	$ 18,352	$ 14,901	$ 36,175	$ 30,182
United States
Segment Reporting Information [Line Items]
Total revenue	16,623	13,772	33,116	28,150
Rest of the world
Segment Reporting Information [Line Items]
Total revenue	$ 1,729	$ 1,129	$ 3,059	$ 2,032

Segment Information and Infor41

Segment Information and Information About Geographic Concentrations - Additional Information (Details) - Country	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Geographic Concentrations | Revenue
Revenues From External Customers And Long Lived Assets [Line Items]
Individual country exceeded 10% of total revenue	0	0	0	0

Segment Information and Infor42

Segment Information and Information About Geographic Concentrations - Schedule of Property and Equipment by Geographic Location - (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015
Segment Reporting Information [Line Items]
Property and equipment, net	$ 9,281	$ 5,070
United States
Segment Reporting Information [Line Items]
Property and equipment, net	9,099	4,901
Rest of the world
Segment Reporting Information [Line Items]
Property and equipment, net	$ 182	$ 169

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - Licensed Software - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Related Party Transaction [Line Items]
Payment to related party for software license	$ 97,500	$ 75,000	$ 97,500	$ 75,000
Billed amount for software license	$ 0	$ 512,000	$ 3,000	$ 516,000