Mulesoft (MULE) 10-Q 3 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	MULE
Entity Registrant Name	MULESOFT, INC
Entity Central Index Key	1,374,684
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		24,068,309
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		104,873,854

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 203,989	$ 35,101
Investments	51,959	63,361
Trade receivables, net of allowance for doubtful accounts of $654 and $446 as of June 30, 2017 and December 31, 2016	66,966	72,324
Prepaid expenses and other current assets	11,665	18,854
Total current assets	334,579	189,640
Investments, noncurrent	81,108	4,151
Property and equipment, net of accumulated depreciation of $5,373 and $3,925 as of June 30, 2017 and December 31, 2016	6,339	5,231
Restricted cash	709	671
Goodwill	772	787
Intangible assets, net	1,164	1,797
Other assets	2,348	661
TOTAL ASSETS	427,019	202,938
CURRENT LIABILITIES:
Accounts payable	2,368	1,879
Accrued expenses	10,085	7,797
Accrued compensation and related expenses	12,854	16,369
Deferred revenue	138,912	130,045
Total current liabilities	164,219	156,090
Deferred revenue, noncurrent	5,532	5,569
Other liabilities	1,571	1,176
TOTAL LIABILITIES	171,322	162,835
Commitments and contingencies (Note 4)
STOCKHOLDERS' EQUITY:
Common stock		1
Additional paid-in capital	523,551	22,241
Accumulated deficit	(266,013)	(236,230)
Accumulated other comprehensive loss	(1,844)	(1,855)
TOTAL STOCKHOLDERS' EQUITY	255,697	40,103
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	427,019	202,938
Convertible Preferred Stock [Member]
STOCKHOLDERS' EQUITY:
Preferred stock		$ 255,946
Class B Common Stock [Member]
STOCKHOLDERS' EQUITY:
Common stock	$ 3

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowances for doubtful accounts	$ 654	$ 446
Accumulated depreciation	$ 5,373	$ 3,925

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenue:
Subscription and support	$ 55,077	$ 35,649	$ 105,671	$ 66,900
Professional services and other	14,156	8,345	24,467	16,125
Total revenue	69,233	43,994	130,138	83,025
Cost of revenue:
Subscription and support	4,649	3,371	8,697	5,951
Professional services and other	13,699	8,461	24,890	15,633
Total cost of revenue	18,348	11,832	33,587	21,584
Gross profit	50,885	32,162	96,551	61,441
Operating expenses:
Research and development	15,140	7,332	27,929	14,192
Sales and marketing	43,817	29,815	76,943	53,520
General and administrative	10,950	6,843	20,611	14,126
Total operating expenses	69,907	43,990	125,483	81,838
Loss from operations	(19,022)	(11,828)	(28,932)	(20,397)
Interest income	357	107	515	204
Other income (expense), net	(191)	(107)	(267)	(106)
Net loss before provision for income taxes	(18,856)	(11,828)	(28,684)	(20,299)
Provision for income taxes	779	268	1,092	548
Net loss attributable to common stockholders	$ (19,635)	$ (12,096)	$ (29,776)	$ (20,847)
Net loss per share attributable to common stockholders, basic and diluted	$ (0.15)	$ (0.60)	$ (0.36)	$ (1.06)
Weighted-average shares used in computing net loss per share, basic and diluted	128,825,841	19,995,314	83,370,758	19,678,429

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (19,635)	$ (12,096)	$ (29,776)	$ (20,847)
Other comprehensive income (loss):
Foreign currency translation adjustments, net	(3)	(346)	308	(516)
Unrealized gains (losses) on investments	(294)	62	(297)	298
Other comprehensive income (loss)	(297)	(284)	11	(218)
Comprehensive loss	$ (19,932)	$ (12,380)	$ (29,765)	$ (21,065)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (29,776)	$ (20,847)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Stock-based compensation	10,163	2,458
Depreciation and amortization	1,829	756
Amortization of investment premiums	222	307
Provision for doubtful accounts	208	312
Loss on disposal of property and equipment	36	3
Other		13
Changes in assets and liabilities:
Trade receivables	5,112	(6,252)
Prepaid expenses and other current assets	5,211	1,792
Other assets	(1,687)	67
Accounts payable	395	1,044
Accrued expenses	2,480	3,152
Accrued compensation and related expenses	(5,824)	(2,925)
Other liabilities	394	141
Deferred revenue	9,024	13,982
Net cash used in operating activities	(2,213)	(5,997)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investments	(101,355)	(8,405)
Sales of investments	2,425	20,786
Maturities of investments	32,856	7,095
Purchases of property and equipment	(2,334)	(980)
Business combinations, net of cash acquired	(106)
Net cash provided by (used in) investing activities	(68,514)	18,496
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from issuance of common stock in initial public offering	236,360
Proceeds from employee stock purchase plan	2,309
Note receivable		(250)
Repurchase of common shares		(351)
Proceeds from issuance of common stock upon exercise of options and warrants	2,464	941
Payment of costs related to initial public offering	(1,823)
Net cash provided by financing activities	239,310	340
Impact of foreign exchange on cash and cash equivalents	343	(461)
Net increase in cash	168,926	12,378
Cash, cash equivalents, and restricted cash, Beginning of period	35,772	22,383
Cash, cash equivalents, and restricted cash, End of period	204,698	34,761
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for income taxes	617	270
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION:
Costs related to initial public offering, accrued but unpaid	89
Liability for purchase of property and equipment	$ 171	$ 334

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Organization and Description of Business	1. Organization and Description of Business MuleSoft, Inc. (“we” or “our”) was incorporated in the state of Delaware on April 12, 2006. We provide a single, unified platform that allows customers to connect their applications, data and devices and to enable a self-serve infrastructure through discoverable building blocks that can be used and reused to rapidly compose applications. Our customers use these building blocks to connect their SaaS applications, on-premises We have subsidiaries in Argentina, Australia, Canada, Germany, Hong Kong, Netherlands, New Zealand, Singapore and the United Kingdom. Initial Public Offering On March 16, 2017, our Registration Statement on Form S-1 No. 333-216130)

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable rules and regulations of the SEC regarding interim financial reporting, and include our accounts and those of our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. As permitted under those rules, certain footnotes or other financial information that are normally required by GAAP have been condensed or omitted, and accordingly the consolidated balance sheet as of December 31, 2016 has been derived from the audited consolidated financial statements at that date but does not include all of the information required by GAAP for complete financial statements. These unaudited interim condensed consolidated financial statements have been prepared on the same basis as our annual consolidated financial statements and, in the opinion of management, reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for a fair statement of our consolidated financial information. The results of operations for the three and six months ended June 30, 2017 are not necessarily indicative of the results to be expected for the year ending December 31, 2017 or for any other interim period or for any other future year. The accompanying condensed consolidated financial statements and related financial information should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2016, included in our prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended (“Securities Act”), with the SEC on March 17, 2017. Use of Estimates The preparation of condensed consolidated financial statements in conformity with 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Management periodically evaluates such estimates and assumptions for continued reasonableness. In particular, we make estimates with respect to the fair value allocation of multiple elements in revenue recognition, the uncollectible accounts receivable, valuation of long-lived assets, stock-based compensation expense and income taxes. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Actual results could differ from those estimates. Restricted Cash Restricted cash at June 30, 2017 and December 31, 2016 includes $642,000 and $308,000, respectively, which is used as collateral for letters of credit and bank guarantees issued in relation to certain leases and $67,000 and $364,000, respectively, of collateral used to secure credit cards which may not be used or transferred until the restriction is released by the issuing bank. Cash as Reported in Consolidated Statements of Cash Flows Cash as reported on the consolidated statements of cash flows includes the aggregate amounts of cash and cash equivalents and the restricted cash as shown on the consolidated balance sheets. Cash as reported on the consolidated statements of cash flows consists of the following (in thousands): As of June 30, 2017 2016 Cash and cash equivalents $ 203,989 $ 34,160 Restricted cash 709 601 Cash balance in consolidated statements of cash flows $ 204,698 $ 34,761 Fair Value of Financial Instruments Assets and liabilities recorded at fair value in the financial statements are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels which are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets or liabilities are as follows: • Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2: Observable inputs, other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active 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 reflecting our own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. For certain financial instruments, including cash and cash equivalents, accounts receivable and payable, as well as certain accrued liabilities, the recorded amount approximates estimated fair value due to their relatively short maturity period. Investments consist of investments in marketable equity securities that are classified as available-for-sale Concentration of Credit and Other Risks Financial instruments that potentially subject us to concentration of credit risk consist principally of trade receivables. Our trade receivables mainly result from subscription to our software products and professional services provided to our customers that are located primarily in the United States, Western Europe, and Australia. We review the need for allowances for potential losses from these trade receivables. At June 30, 2017 and December 31, 2016, the allowance for doubtful accounts was $654,000, and $446,000, respectively. No single customer accounted for ten percent or more of trade receivables as of June 30, 2017 and December 31, 2016. No single customer accounted for ten percent or more of total revenue for the three and six months ended June 30, 2017 and 2016. We are dependent upon third parties, such as Amazon Web Services, in order to meet the uptime and performance requirements of our customers. Revenue Recognition We recognize revenue from the following sources: (1) subscription and support revenue, which is comprised of subscription fees from customers accessing our cloud-hosted software and from term-based licenses of our software and support services; (2) professional services and other revenue, which consists primarily of fees associated with consulting and training services related to the implementation and configuration of our platform and (3) royalty revenue from customers incorporating our software in their products. On sales through our channel partners, we recognize revenue on a “sell in” basis as our contractual relationships with our channel partners do not depend on the sale of our products and services to their customers and payment from the channel partner is not contingent on receiving payment from the end customer. The contractual relationships with our channel partners do not allow returns, rebates, or price concessions. We recognize revenue net of sales taxes and other applicable taxes when all of the following criteria are met: there is persuasive evidence of an arrangement, delivery has occurred or service has been performed, the fee is fixed or determinable, and collectability is probable. Subscription Revenue from Cloud-Hosted Software Subscription revenue from cloud-hosted software is recognized ratably over the subscription period. Subscription and Support Revenue from Software Licenses Software licenses for our enterprise software are sold with support services and are generally offered with one-year when-and-if Professional Services and Other Revenue Professional services and other revenue is comprised of revenue earned for consulting and training services related to the implementation and configuration of our platform and royalty revenue. Professional services revenue is generally recognized as the services are rendered for time and material contracts, or on a proportional performance basis for fixed price contracts. The majority of our professional services contracts are on a time and materials basis and have standalone value. For professional services that are part of a multiple-element software arrangement, where VSOE of fair value does not exist for all undelivered elements, the professional services revenue is recognized over the term of the subscription. We classify reimbursements received from customers for out-of-pocket We recognize income from our tradeshows as a component of revenue. Royalty revenue is comprised of royalty fees received from customers who have our products incorporated in their own products. Revenue is recognized when the sale to the end customer is reported to us. Multiple-Element Arrangements For multiple-element arrangements containing cloud hosted subscription and non-software non-contingent go-to-market go-to-market For multiple-element arrangements that include only software licenses and software related post-contract support, training, and/or consulting, we allocate and defer revenue for each undelivered element of these arrangements based on VSOE. As we have not yet established VSOE of fair value for our software licenses and support, we recognize revenue for these arrangements on a ratable basis over the term of the subscription product with which it is bundled. We have certain multiple element transactions that include both non-software non-software Net Loss Per Share Attributable to Common Stockholders Our basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding for the period, without consideration of potentially dilutive securities. Diluted net loss per share is the same as basic net loss per share since the effect of potentially dilutive securities is anti-dilutive. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share and each share of Class B common stock is entitled to 10 votes per share. Shares of Class B common stock may be converted into Class A common stock at any time at the option of the stockholder on a one-for-one Significant Accounting Policies There have been no changes to our significant accounting policies described in the prospectus filed with the SEC pursuant to Rule 424(b) under the Securities Act on March 17, 2017. Recently Adopted Accounting Standards In November 2016, the Financial Accounting Standards Board (FASB) issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash 2016-18 2016-18 beginning-of-period end-of-period 2016-18 In March 2016, the FASB issued ASU 2016-09 , Compensation—Stock Compensation (Topic 718): Improvements to Employee Share - Based Payment Accounting

Investments

Investments	6 Months Ended
	Jun. 30, 2017
Schedule of Investments [Abstract]
Investments	3. Investments Marketable Securities The following tables summarize our available-for-sale June 30, 2017 Amortized Cost Unrealized Gains Unrealized Losses Fair Value (In thousands) Corporate bonds $ 82,392 $ — $ (244 ) $ 82,148 US Treasury securities 39,289 — (71 ) 39,218 Commercial paper 3,469 — (4 ) 3,465 Agency securities 2,514 — (6 ) 2,508 Foreign bonds 5,758 — (30 ) 5,728 Total marketable securities $ 133,422 $ — $ (355 ) $ 133,067 December 31, 2016 Amortized Cost Unrealized Gains Unrealized Losses Fair Value (In thousands) Corporate bonds $ 24,027 $ — $ (33 ) $ 23,994 US Treasury securities 40,548 — (20 ) 40,528 Foreign bonds 2,995 — (5 ) 2,990 Total marketable securities $ 67,570 $ — $ (58 ) $ 67,512 The duration of the investments classified as marketable securities is as follows (in thousands): June 30, December 31, Short-term (due in one year or less) $ 51,959 $ 63,361 Long-term (due after one year) 81,108 4,151 Total marketable securities $ 133,067 $ 67,512 As of June 30, 2017, the following marketable securities were in an unrealized loss position (in thousands): Less than 12 months Greater than 12 months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Corporate bonds $ 82,148 $ (244 ) $ — $ — $ 82,148 $ (244 ) US Treasury securities 39,218 (71 ) — — 39,218 (71 ) Commercial paper 3,465 (4 ) — — 3,465 (4 ) Agency securities 2,508 (6 ) — — 2,508 (6 ) Foreign bonds 5,728 (30 ) — — 5,728 (30 ) Total marketable securities $ 133,067 $ (355 ) $ — $ — $ 133,067 $ (355 ) As of December 31, 2016, the following marketable securities were in an unrealized loss position (in thousands): Less than 12 months Greater than 12 months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Corporate bonds $ 22,342 $ (31 ) $ 1,652 $ (2 ) $ 23,994 $ (33 ) U.S. Treasury securities 38,029 (20 ) 2,499 — 40,528 (20 ) Foreign bonds 2,990 (5 ) — — 2,990 (5 ) Total marketable securities $ 63,361 $ (56 ) $ 4,151 $ (2 ) $ 67,512 $ (58 ) We do not believe any of the unrealized losses represent an other-than-temporary impairment based on our evaluation of available evidence as of June 30, 2017 and December 31, 2016. We expect to receive the full principal and interest on all of these marketable securities. Fair Value Measurement The following table presents information about our assets and liabilities that are measured at fair value and indicates the fair value hierarchy of the valuation (in thousands): As of June 30, 2017 Aggregate Fair Value Level 1 Level 2 Level 3 Assets: Money market $ 330 $ 330 $ — $ — Corporate bonds 82,148 — 82,148 — U.S. Treasury securities 39,218 — 39,218 — Commercial paper 3,465 — 3,465 — Agency securities 2,508 — 2,508 — Foreign bonds 5,728 — 5,728 — $ 133,397 $ 330 $ 133,067 $ — Reported as: Cash equivalents(1) $ 330 Investments, current 51,959 Investments, noncurrent 81,108 Total $ 133,397 As of December 31, 2016 Aggregate Fair Value Level 1 Level 2 Level 3 Assets: Money market $ 3,133 $ 3,133 $ — $ — Corporate bonds 23,994 — 23,994 — U.S. Treasury securities 40,528 — 40,528 — Foreign bonds 2,990 — 2,990 — $ 70,645 $ 3,133 $ 67,512 $ — Reported as: Cash equivalents(1) $ 3,133 Investments, current 63,361 Investments, noncurrent 4,151 Total $ 70,645 (1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheet as of June 30, 2017 and December 31, 2016, in addition to $203.6 million and $32.0 million of cash, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	4. Commitments and Contingencies Operating Leases As of June 30, 2017, we leased office space in the United States, Australia, Argentina, the United Kingdom, Hong Kong, the Netherlands, Sweden and Singapore under noncancelable operating leases with various expiration dates through 2027. During the second quarter of 2017, we entered into various new office leases, including Alpharetta, Chicago, London and Buenos Aires, with terms ranging from one to five years. Our future minimum lease payments are as follows as of June 30, 2017 (in thousands): Amount 2017 (remaining six months) $ 3,038 2018 6,867 2019 6,725 2020 6,791 2021 4,987 Thereafter 4,692 Total future minimum lease payments $ 33,100 Litigation From time to time, we may be involved in claims that arise in the normal course of business. While it is not feasible to predict or determine the ultimate outcome of these matters, we are not currently subject to any proceeding that we believe is required to be accrued for or disclosed in our consolidated financial statements or consolidated results of operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Stockholders' Equity	5. Stockholders’ Equity In March 2017, our board of directors and stockholders approved the Amended and Restated Certificate of Incorporation to increase our authorized capital stock from 234,296,190 shares, consisting of 144,000,000 shares of common stock, par value $0.000025 per share and 90,296,190 shares of convertible preferred stock, par value $0.000025 per share, to authorized capital stock of 1,300,000,000 shares, consisting of the following: 1,000,000,000 shares of Class A common stock, par value $0.000025 per share, 200,000,000 shares of Class B common stock, par value $0.000025 per share, and 100,000,000 shares of undesignated preferred stock, par value $0.000025 per share. Convertible Preferred Stock There were no outstanding shares of convertible preferred stock as of June 30, 2017 as the shares had been converted and reclassified into 86,030,961 shares of Class B common stock as part of the IPO in March 2017. Common Stock As of June 30, 2017, there were 15,786,780 shares of Class A common stock and 113,131,258 shares of Class B common stock outstanding. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share and each share of Class B common stock is entitled to ten votes per share. Each share of Class B common stock can be converted into a share of Class A common stock at any time at the option of the holder. All of our Class B common stock will convert to Class A shares upon the date, or happening of an event, specified by affirmative vote of the holders of at least 66-2/3%

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Incentive Plans	6. Equity Incentive Plans 2017 Equity Incentive Plan In March 2017, our Board of Directors adopted and our stockholders approved our 2017 Equity Incentive Plan (2017 Plan). The 2017 Plan became effective on March 15, 2017. The 2016 Equity Incentive Plan (2016 Plan) was terminated in connection with the IPO and any shares available for issuance under the 2016 Plan were transferred to the 2017 Plan. Our 2017 Plan provides for the grant of incentive stock options, nonstatutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares to our employees, directors and consultants. The exercise price of options granted under the 2017 Plan must at least be equal to the fair value of our common stock on the date of grant, except that with respect to any participant with incentive stock options who owns more than 10% of the voting power of all classes of our outstanding stock, the exercise price will be no less than 110% of the fair value on the grant date. The term of a stock option may not exceed 10 years except that with respect to any participant with incentive stock options who owns more than 10% of the voting power of all classes of our outstanding stock, the term must not exceed five years. As of June 30, 2017, a total of 17,929,094 shares of our Class A common stock are reserved for issuance, not yet issued under the 2017 Plan. The number of shares of our Class A common stock available for issuance under our 2017 Plan will include an annual increase on the first day of each year beginning on January 1, 2018, equal to the least of (a) 15,840,000 shares of our Class A common stock; (b) 5% of the outstanding shares of our Class A common stock and Class B common stock as of the last day of the immediately preceding year; or (c) any other amount determined by our Board of Directors. Restricted Stock Units (“RSUs”) During the six months ended June 30, 2017, we awarded RSUs to certain employees, with a weighted-average grant date fair value of $23.46 per share. RSUs are generally subject to forfeiture if employment terminates prior to the vesting date. We expense the cost of the RSUs, which is determined to be the fair market value of the shares of common stock underlying the RSUs on the date of grant, ratably over the period during which the vesting restrictions lapse. 2017 Employee Stock Purchase Plan In March 2017, our Board of Directors adopted and our stockholders approved our 2017 Employee Stock Purchase Plan (ESPP). The ESPP became effective on March 17, 2017, the first trading day after the date our registration statement was declared effective by the SEC. The ESPP provides for 24-month offering periods. The offering periods are scheduled to start on the first trading day on or after May 10 and November 10 of each year, except for the first offering period, which commenced on April 1, 2017 and will end on the first trading day on or after May 10, 2019. Each offering period is comprised of four approximately six months in length purchase periods. The ESPP permits participants to purchase shares of our Class A common stock through payroll deductions of up to 15% of their eligible compensation. A participant may purchase a maximum of 5,000 shares of our Class A common stock during a purchase period. Amounts deducted and accumulated by the participant are used to purchase shares of our Class A common stock at the end of each six-month re-enrolled A total of 2,540,000 shares of our Class A common stock are available for sale under the ESPP. The number of shares of our Class A common stock available for sale under the ESPP also includes an annual increase on the first day of each fiscal year beginning in fiscal 2018, equal to the least of (a) 5,070,000 shares of our Class A common stock; (b) 2% of the outstanding shares of our Class A common stock and Class B common stock as of the last day of the immediately preceding year; or (c) such other amount as our Board of Directors may determine. Participation in the 2017 ESPP began on April 1, 2017. As of June 30, 2017, no shares of Class A common stock were purchased under the 2017 ESPP and 1,283,565 shares are expected to be purchased by the end of the initial offering period on May 10, 2019. As of June 30, 2017, total unrecognized compensation cost related to the 2017 ESPP was $10.9 million, which will be amortized over a weighted-average period of 1.2 years. Stock-Based Compensation Stock-based compensation expense recognized was as follows (in thousands): Three Months Ended Six Months Ended 2017 2016 2017 2016 Cost of subscription and support revenue $ 236 $ 55 $ 337 $ 88 Cost of professional services and other revenue 847 119 1,160 211 Research and development 1,529 329 2,445 538 Sales and marketing 3,229 586 4,653 1,094 General and administrative 1,039 327 1,568 527 Total stock-based compensation expense $ 6,880 $ 1,416 $ 10,163 $ 2,458

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Acquisition	7. Acquisition In April 2017, we acquired the business of TekGenesis for $0.6 million cash plus applicable taxes. The acquisition was accounted for as a business combination. We plan to utilize TekGenesis development services to further research and development on our products. The costs associated with this acquisition were not material. Further, the allocation of the purchase price to the acquired tangible assets, intangible assets and goodwill is not considered material, and therefore has not been disclosed. Pro forma results from the date of acquisition to June 30, 2017 are not material to our results of operations.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes Our provision for income taxes has not been historically significant to our business as we have incurred operating losses to date. Our provision for income taxes consists primarily of income taxes and withholding taxes in foreign jurisdictions in which we conduct business. For the six months ended June 30, 2017 and 2016, we reported a tax expense of $1.1 million and $0.5 million on pretax loss of $28.7 million and $20.3 million, respectively. The effective tax rates for June 30, 2017 and 2016 were (3.8)% and (2.7)%, respectively. The effective tax rates differ from the statutory rate primarily as a result of providing no benefit on pretax losses incurred in the United States, as we have determined that the benefit of the losses is not more likely than not to be realized. The tax expense recorded relates to foreign tax expense incurred by its foreign subsidiaries as well as foreign withholding tax.

Net Loss Per Share Attributable

Net Loss Per Share Attributable to Common Stockholders	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Net Loss Per Share Attributable to Common Stockholders	9. Net Loss Per Share Attributable to Common Stockholders The following table sets forth the calculation of basic and diluted net loss per share during the periods presented (in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator: Net loss attributable to common stockholders $ (19,635 ) $ (12,096 ) $ (29,776 ) $ (20,847 ) Denominator: Weighted-average shares used in computing net loss, basic and diluted 128,825,841 19,995,314 83,370,758 19,678,429 Net loss per share attributable to common stockholders, basic and diluted $ (0.15 ) $ (0.60 ) $ (0.36 ) $ (1.06 ) The following outstanding shares of common stock equivalents were excluded from the computation of the diluted net loss per share for the periods presented because their effect would have been anti-dilutive: As of June 30, 2017 2016 Convertible preferred stock on an as-if — 90,262,270 Stock options to purchase common stock 21,075,298 23,543,451 RSU issued and outstanding 942,932 — Common stock expected to be purchased under 2017 ESPP 1,283,565 — Convertible preferred stock warrants — 19,640 Total 23,301,795 113,825,361

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable rules and regulations of the SEC regarding interim financial reporting, and include our accounts and those of our wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. As permitted under those rules, certain footnotes or other financial information that are normally required by GAAP have been condensed or omitted, and accordingly the consolidated balance sheet as of December 31, 2016 has been derived from the audited consolidated financial statements at that date but does not include all of the information required by GAAP for complete financial statements. These unaudited interim condensed consolidated financial statements have been prepared on the same basis as our annual consolidated financial statements and, in the opinion of management, reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for a fair statement of our consolidated financial information. The results of operations for the three and six months ended June 30, 2017 are not necessarily indicative of the results to be expected for the year ending December 31, 2017 or for any other interim period or for any other future year. The accompanying condensed consolidated financial statements and related financial information should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2016, included in our prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, as amended (“Securities Act”), with the SEC on March 17, 2017.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with 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 financial statements and the reported amounts of revenue and expenses during the reporting period. Management periodically evaluates such estimates and assumptions for continued reasonableness. In particular, we make estimates with respect to the fair value allocation of multiple elements in revenue recognition, the uncollectible accounts receivable, valuation of long-lived assets, stock-based compensation expense and income taxes. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Actual results could differ from those estimates.
Restricted Cash	Restricted Cash Restricted cash at June 30, 2017 and December 31, 2016 includes $642,000 and $308,000, respectively, which is used as collateral for letters of credit and bank guarantees issued in relation to certain leases and $67,000 and $364,000, respectively, of collateral used to secure credit cards which may not be used or transferred until the restriction is released by the issuing bank. Cash as Reported in Consolidated Statements of Cash Flows Cash as reported on the consolidated statements of cash flows includes the aggregate amounts of cash and cash equivalents and the restricted cash as shown on the consolidated balance sheets. Cash as reported on the consolidated statements of cash flows consists of the following (in thousands): As of June 30, 2017 2016 Cash and cash equivalents $ 203,989 $ 34,160 Restricted cash 709 601 Cash balance in consolidated statements of cash flows $ 204,698 $ 34,761
Fair Value of Financial Instruments	Fair Value of Financial Instruments Assets and liabilities recorded at fair value in the financial statements are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels which are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets or liabilities are as follows: • Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2: Observable inputs, other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active 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 reflecting our own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available. For certain financial instruments, including cash and cash equivalents, accounts receivable and payable, as well as certain accrued liabilities, the recorded amount approximates estimated fair value due to their relatively short maturity period. Investments consist of investments in marketable equity securities that are classified as available-for-sale
Concentration of Credit and Other Risks	Concentration of Credit and Other Risks Financial instruments that potentially subject us to concentration of credit risk consist principally of trade receivables. Our trade receivables mainly result from subscription to our software products and professional services provided to our customers that are located primarily in the United States, Western Europe, and Australia. We review the need for allowances for potential losses from these trade receivables. At June 30, 2017 and December 31, 2016, the allowance for doubtful accounts was $654,000, and $446,000, respectively. No single customer accounted for ten percent or more of trade receivables as of June 30, 2017 and December 31, 2016. No single customer accounted for ten percent or more of total revenue for the three and six months ended June 30, 2017 and 2016. We are dependent upon third parties, such as Amazon Web Services, in order to meet the uptime and performance requirements of our customers.
Revenue Recognition	Revenue Recognition We recognize revenue from the following sources: (1) subscription and support revenue, which is comprised of subscription fees from customers accessing our cloud-hosted software and from term-based licenses of our software and support services; (2) professional services and other revenue, which consists primarily of fees associated with consulting and training services related to the implementation and configuration of our platform and (3) royalty revenue from customers incorporating our software in their products. On sales through our channel partners, we recognize revenue on a “sell in” basis as our contractual relationships with our channel partners do not depend on the sale of our products and services to their customers and payment from the channel partner is not contingent on receiving payment from the end customer. The contractual relationships with our channel partners do not allow returns, rebates, or price concessions. We recognize revenue net of sales taxes and other applicable taxes when all of the following criteria are met: there is persuasive evidence of an arrangement, delivery has occurred or service has been performed, the fee is fixed or determinable, and collectability is probable. Subscription Revenue from Cloud-Hosted Software Subscription revenue from cloud-hosted software is recognized ratably over the subscription period. Subscription and Support Revenue from Software Licenses Software licenses for our enterprise software are sold with support services and are generally offered with one-year when-and-if Professional Services and Other Revenue Professional services and other revenue is comprised of revenue earned for consulting and training services related to the implementation and configuration of our platform and royalty revenue. Professional services revenue is generally recognized as the services are rendered for time and material contracts, or on a proportional performance basis for fixed price contracts. The majority of our professional services contracts are on a time and materials basis and have standalone value. For professional services that are part of a multiple-element software arrangement, where VSOE of fair value does not exist for all undelivered elements, the professional services revenue is recognized over the term of the subscription. We classify reimbursements received from customers for out-of-pocket We recognize income from our tradeshows as a component of revenue. Royalty revenue is comprised of royalty fees received from customers who have our products incorporated in their own products. Revenue is recognized when the sale to the end customer is reported to us. Multiple-Element Arrangements For multiple-element arrangements containing cloud hosted subscription and non-software non-contingent go-to-market go-to-market For multiple-element arrangements that include only software licenses and software related post-contract support, training, and/or consulting, we allocate and defer revenue for each undelivered element of these arrangements based on VSOE. As we have not yet established VSOE of fair value for our software licenses and support, we recognize revenue for these arrangements on a ratable basis over the term of the subscription product with which it is bundled. We have certain multiple element transactions that include both non-software non-software
Net Loss Per Share Attributable to Common Stockholders	Net Loss Per Share Attributable to Common Stockholders Our basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of common stock outstanding for the period, without consideration of potentially dilutive securities. Diluted net loss per share is the same as basic net loss per share since the effect of potentially dilutive securities is anti-dilutive. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share and each share of Class B common stock is entitled to 10 votes per share. Shares of Class B common stock may be converted into Class A common stock at any time at the option of the stockholder on a one-for-one
Significant Accounting Policies	Significant Accounting Policies There have been no changes to our significant accounting policies described in the prospectus filed with the SEC pursuant to Rule 424(b) under the Securities Act on March 17, 2017.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In November 2016, the Financial Accounting Standards Board (FASB) issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash 2016-18 2016-18 beginning-of-period end-of-period 2016-18 In March 2016, the FASB issued ASU 2016-09 , Compensation—Stock Compensation (Topic 718): Improvements to Employee Share - Based Payment Accounting

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Schedule of Cash Reported on Consolidated Statements of Cash Flows	Cash as reported on the consolidated statements of cash flows consists of the following (in thousands): As of June 30, 2017 2016 Cash and cash equivalents $ 203,989 $ 34,160 Restricted cash 709 601 Cash balance in consolidated statements of cash flows $ 204,698 $ 34,761

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2017
Schedule of Investments [Abstract]
Summary of Available-for-sale Investments	The following tables summarize our available-for-sale June 30, 2017 Amortized Cost Unrealized Gains Unrealized Losses Fair Value (In thousands) Corporate bonds $ 82,392 $ — $ (244 ) $ 82,148 US Treasury securities 39,289 — (71 ) 39,218 Commercial paper 3,469 — (4 ) 3,465 Agency securities 2,514 — (6 ) 2,508 Foreign bonds 5,758 — (30 ) 5,728 Total marketable securities $ 133,422 $ — $ (355 ) $ 133,067 December 31, 2016 Amortized Cost Unrealized Gains Unrealized Losses Fair Value (In thousands) Corporate bonds $ 24,027 $ — $ (33 ) $ 23,994 US Treasury securities 40,548 — (20 ) 40,528 Foreign bonds 2,995 — (5 ) 2,990 Total marketable securities $ 67,570 $ — $ (58 ) $ 67,512
Duration of investments Classified as Marketable Securities	The duration of the investments classified as marketable securities is as follows (in thousands): June 30, December 31, Short-term (due in one year or less) $ 51,959 $ 63,361 Long-term (due after one year) 81,108 4,151 Total marketable securities $ 133,067 $ 67,512
Schedule of Marketable Securities in a Unrealized Loss Position	As of June 30, 2017, the following marketable securities were in an unrealized loss position (in thousands): Less than 12 months Greater than 12 months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Corporate bonds $ 82,148 $ (244 ) $ — $ — $ 82,148 $ (244 ) US Treasury securities 39,218 (71 ) — — 39,218 (71 ) Commercial paper 3,465 (4 ) — — 3,465 (4 ) Agency securities 2,508 (6 ) — — 2,508 (6 ) Foreign bonds 5,728 (30 ) — — 5,728 (30 ) Total marketable securities $ 133,067 $ (355 ) $ — $ — $ 133,067 $ (355 ) As of December 31, 2016, the following marketable securities were in an unrealized loss position (in thousands): Less than 12 months Greater than 12 months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Corporate bonds $ 22,342 $ (31 ) $ 1,652 $ (2 ) $ 23,994 $ (33 ) U.S. Treasury securities 38,029 (20 ) 2,499 — 40,528 (20 ) Foreign bonds 2,990 (5 ) — — 2,990 (5 ) Total marketable securities $ 63,361 $ (56 ) $ 4,151 $ (2 ) $ 67,512 $ (58 )
Schedule of Assets and Liabilities Measured at Fair Value	The following table presents information about our assets and liabilities that are measured at fair value and indicates the fair value hierarchy of the valuation (in thousands): As of June 30, 2017 Aggregate Fair Value Level 1 Level 2 Level 3 Assets: Money market $ 330 $ 330 $ — $ — Corporate bonds 82,148 — 82,148 — U.S. Treasury securities 39,218 — 39,218 — Commercial paper 3,465 — 3,465 — Agency securities 2,508 — 2,508 — Foreign bonds 5,728 — 5,728 — $ 133,397 $ 330 $ 133,067 $ — Reported as: Cash equivalents(1) $ 330 Investments, current 51,959 Investments, noncurrent 81,108 Total $ 133,397 As of December 31, 2016 Aggregate Fair Value Level 1 Level 2 Level 3 Assets: Money market $ 3,133 $ 3,133 $ — $ — Corporate bonds 23,994 — 23,994 — U.S. Treasury securities 40,528 — 40,528 — Foreign bonds 2,990 — 2,990 — $ 70,645 $ 3,133 $ 67,512 $ — Reported as: Cash equivalents(1) $ 3,133 Investments, current 63,361 Investments, noncurrent 4,151 Total $ 70,645 (1) Included in “cash and cash equivalents” in the accompanying condensed consolidated balance sheet as of June 30, 2017 and December 31, 2016, in addition to $203.6 million and $32.0 million of cash, respectively.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments	Our future minimum lease payments are as follows as of June 30, 2017 (in thousands): Amount 2017 (remaining six months) $ 3,038 2018 6,867 2019 6,725 2020 6,791 2021 4,987 Thereafter 4,692 Total future minimum lease payments $ 33,100

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock-based Compensation Expense	Stock-based compensation expense recognized was as follows (in thousands): Three Months Ended Six Months Ended 2017 2016 2017 2016 Cost of subscription and support revenue $ 236 $ 55 $ 337 $ 88 Cost of professional services and other revenue 847 119 1,160 211 Research and development 1,529 329 2,445 538 Sales and marketing 3,229 586 4,653 1,094 General and administrative 1,039 327 1,568 527 Total stock-based compensation expense $ 6,880 $ 1,416 $ 10,163 $ 2,458

Net Loss Per Share Attributab21

Net Loss Per Share Attributable to Common Stockholders (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Loss Per Share	The following table sets forth the calculation of basic and diluted net loss per share during the periods presented (in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Numerator: Net loss attributable to common stockholders $ (19,635 ) $ (12,096 ) $ (29,776 ) $ (20,847 ) Denominator: Weighted-average shares used in computing net loss, basic and diluted 128,825,841 19,995,314 83,370,758 19,678,429 Net loss per share attributable to common stockholders, basic and diluted $ (0.15 ) $ (0.60 ) $ (0.36 ) $ (1.06 )
Schedule of Outstanding Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Loss Per Share	The following outstanding shares of common stock equivalents were excluded from the computation of the diluted net loss per share for the periods presented because their effect would have been anti-dilutive: As of June 30, 2017 2016 Convertible preferred stock on an as-if — 90,262,270 Stock options to purchase common stock 21,075,298 23,543,451 RSU issued and outstanding 942,932 — Common stock expected to be purchased under 2017 ESPP 1,283,565 — Convertible preferred stock warrants — 19,640 Total 23,301,795 113,825,361

Organization and Description 22

Organization and Description of Business - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 16, 2017	Mar. 31, 2017	Jun. 30, 2017
Organization and Description of Business [Line Items]
Date of incorporation			Apr. 12, 2006
State of incorporation			Delaware
Proceeds from issuance of common stock in connection with initial public offering, net of offering costs			$ 236,360
Class A Common Stock [Member]
Organization and Description of Business [Line Items]
Proceeds from issuance of common stock in connection with initial public offering, net of offering costs	$ 232,700
Class A Common Stock [Member] | IPO [Member]
Organization and Description of Business [Line Items]
Issuance of Class A common stock in initial public offering, shares	14,950,000
Issuance price per share	$ 17
Class B Common Stock [Member] | IPO [Member]
Organization and Description of Business [Line Items]
Conversion of convertible preferred stock to Class B common stock, shares	86,030,961	86,030,961
Conversion of convertible common stock to Class B common stock, shares	27,685,793

Summary of Significant Accoun23

Summary of Significant Accounting Policies - Additional Information (Detail)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)
Summary Of Significant Accounting Policies [Line Items]
Restricted cash	$ 709,000	$ 671,000	$ 709,000	$ 601,000	$ 709,000	$ 601,000
Allowances for doubtful accounts	$ 654,000	446,000	$ 654,000		$ 654,000
Concentration risk description					No single customer accounted for ten percent or more of trade receivables as of June 30, 2017 and December 31, 2016. No single customer accounted for ten percent or more of total revenue for the three and six months ended June 30, 2017 and 2016.
Common stock conversion ratio	1		1		1
Letters of Credit and Bank Guarantees Collateral [Member]
Summary Of Significant Accounting Policies [Line Items]
Restricted cash	$ 642,000	308,000	$ 642,000		$ 642,000
Credit Cards Collateral [Member]
Summary Of Significant Accounting Policies [Line Items]
Restricted cash	$ 67,000	$ 364,000	$ 67,000		$ 67,000
Class A Common Stock [Member]
Summary Of Significant Accounting Policies [Line Items]
Common stock voting rights					One vote per share
Class B Common Stock [Member]
Summary Of Significant Accounting Policies [Line Items]
Common stock voting rights					10 votes per share
Customer Concentration Risk [Member] | Trade Receivables [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage	10.00%	10.00%
Customer Concentration Risk [Member] | Total Revenue [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage			10.00%	10.00%	10.00%	10.00%
Subscription Arrangement [Member]
Summary Of Significant Accounting Policies [Line Items]
Software licenses subscription period					1 year

Summary of Significant Accoun24

Summary of Significant Accounting Policies - Schedule of Cash Reported on Consolidated Statements of Cash Flows (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 203,989	$ 35,101	$ 34,160
Restricted cash	709	671	601
Cash balance in consolidated statements of cash flows	$ 204,698	$ 35,772	$ 34,761	$ 22,383

Investments - Summary of Availa

Investments - Summary of Available-for-sale Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 133,422	$ 67,570
Unrealized Gains	0	0
Unrealized Losses	(355)	(58)
Fair Value	133,067	67,512
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	82,392	24,027
Unrealized Gains	0	0
Unrealized Losses	(244)	(33)
Fair Value	82,148	23,994
US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	39,289	40,548
Unrealized Gains	0	0
Unrealized Losses	(71)	(20)
Fair Value	39,218	40,528
Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3,469
Unrealized Gains	0
Unrealized Losses	(4)
Fair Value	3,465
Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,514
Unrealized Gains	0
Unrealized Losses	(6)
Fair Value	2,508
Foreign Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,758	2,995
Unrealized Gains	0	0
Unrealized Losses	(30)	(5)
Fair Value	$ 5,728	$ 2,990

Investments - Duration of Inves

Investments - Duration of Investments Classified as Marketable Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Short-term (due in one year or less)	$ 51,959	$ 63,361
Long-term (due after one year)	81,108	4,151
Total marketable securities	$ 133,067	$ 67,512

Investments - Schedule of Marke

Investments - Schedule of Marketable Securities in an Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	$ 133,067	$ 63,361
Less than 12 months Unrealized Losses	(355)	(56)
Greater than 12 months Fair Value		4,151
Greater than 12 months Unrealized Losses		(2)
Total Fair Value	133,067	67,512
Total Unrealized Losses	(355)	(58)
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	82,148	22,342
Less than 12 months Unrealized Losses	(244)	(31)
Greater than 12 months Fair Value		1,652
Greater than 12 months Unrealized Losses		(2)
Total Fair Value	82,148	23,994
Total Unrealized Losses	(244)	(33)
US Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	39,218	38,029
Less than 12 months Unrealized Losses	(71)	(20)
Greater than 12 months Fair Value		2,499
Total Fair Value	39,218	40,528
Total Unrealized Losses	(71)	(20)
Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	3,465
Less than 12 months Unrealized Losses	(4)
Total Fair Value	3,465
Total Unrealized Losses	(4)
Agency Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	2,508
Less than 12 months Unrealized Losses	(6)
Total Fair Value	2,508
Total Unrealized Losses	(6)
Foreign Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months Fair Value	5,728	2,990
Less than 12 months Unrealized Losses	(30)	(5)
Total Fair Value	5,728	2,990
Total Unrealized Losses	$ (30)	$ (5)

Investments - Schedule of Asset

Investments - Schedule of Assets and Liabilities Measured at Fair Value (Detail) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets:
Assets	$ 133,397	$ 70,645
Reported as:
Cash equivalents	330	3,133
Investments, current	51,959	63,361
Investments, noncurrent	81,108	4,151
Money Market [Member]
Assets:
Assets	330	3,133
Corporate Bonds [Member]
Assets:
Assets	82,148	23,994
US Treasury Securities [Member]
Assets:
Assets	39,218	40,528
Commercial Paper [Member]
Assets:
Assets	3,465
Agency Securities [Member]
Assets:
Assets	2,508
Foreign Bonds [Member]
Assets:
Assets	5,728	2,990
Level 1 [Member]
Assets:
Assets	330	3,133
Level 1 [Member] | Money Market [Member]
Assets:
Assets	330	3,133
Level 2 [Member]
Assets:
Assets	133,067	67,512
Level 2 [Member] | Corporate Bonds [Member]
Assets:
Assets	82,148	23,994
Level 2 [Member] | US Treasury Securities [Member]
Assets:
Assets	39,218	40,528
Level 2 [Member] | Commercial Paper [Member]
Assets:
Assets	3,465
Level 2 [Member] | Agency Securities [Member]
Assets:
Assets	2,508
Level 2 [Member] | Foreign Bonds [Member]
Assets:
Assets	$ 5,728	$ 2,990

Investments - Schedule of Ass29

Investments - Schedule of Assets and Liabilities Measured at Fair Value (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Cash	$ 203.6	$ 32

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2017
Other Commitments [Line Items]
Lease term expiration dates	2,027
Minimum [Member]
Other Commitments [Line Items]
Lease term	1 year
Maximum [Member]
Other Commitments [Line Items]
Lease term	5 years

Commitments and Contingencies31

Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Detail) $ in Thousands	Jun. 30, 2017USD ($)
Leases [Abstract]
2017 (remaining six months)	$ 3,038
2,018	6,867
2,019	6,725
2,020	6,791
2,021	4,987
Thereafter	4,692
Total future minimum lease payments	$ 33,100

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - $ / shares	Mar. 16, 2017	Mar. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Class of Stock [Line Items]
Capital stock, shares authorized		1,300,000,000		234,296,190
Common stock, shares authorized				144,000,000
Common stock, par value				$ 0.000025
Preferred stock, shares authorized		100,000,000
Preferred stock, par value		$ 0.000025
Common stock conversion description			All of our Class B common stock will convert to Class A shares upon the date, or happening of an event, specified by affirmative vote of the holders of at least 66-2/3% of then outstanding Class B common stock.
Period required for the conversion of outstanding Class B to Class A common stock			5 years
Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized				90,296,190
Preferred stock, par value				$ 0.000025
Preferred stock, shares outstanding			0
Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized		1,000,000,000
Common stock, par value		$ 0.000025
Common stock, shares, outstanding			15,786,780
Class B Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized		200,000,000
Common stock, par value		$ 0.000025
Common stock, shares, outstanding			113,131,258
Class B Common Stock [Member] | Maximum [Member]
Class of Stock [Line Items]
Minimum percentage of outstanding shares of Class B common stock in capital stock			15.00%
Class B Common Stock [Member] | IPO [Member]
Class of Stock [Line Items]
Conversion of convertible preferred stock to Class B common stock, shares	86,030,961	86,030,961

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Detail) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)$ / sharesshares
2017 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost | $	$ 10.9
Weighted-average period of unrecognized compensation cost	1 year 2 months 12 days
2017 Employee Stock Purchase Plan [Member] | Class A and B Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional outstanding shares percentage	2.00%
Class A Common Stock [Member] | 2017 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of purchase price of shares on fair market value of common stock	85.00%
Shares reserved for issuance under the plan	2,540,000
Additional shares reserved for issuance under the plan	5,070,000
Percentage in payroll deductions to purchase shares of common stock	15.00%
Maximum shares of common stock available for purchase	5,000
Number of shares purchased	0
Number of shares expected to be purchased	1,283,565
2017 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option term	10 years
2017 Equity Incentive Plan [Member] | Class A and B Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional outstanding shares percentage	5.00%
2017 Equity Incentive Plan [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance under the plan	17,929,094
Additional shares reserved for issuance under the plan	15,840,000
2017 Equity Incentive Plan [Member] | Owner of more than 10% of Outstanding Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of purchase price of shares on fair market value of common stock	110.00%
Stock option term	5 years
Employees [Member] | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, weighted-average grant date fair value to certain employees | $ / shares	$ 23.46

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 6,880	$ 1,416	$ 10,163	$ 2,458
Cost of Subscription and Support Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	236	55	337	88
Cost of Professional Services and Other Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	847	119	1,160	211
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	1,529	329	2,445	538
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	3,229	586	4,653	1,094
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,039	$ 327	$ 1,568	$ 527

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Apr. 30, 2017	Jun. 30, 2017
Business Acquisition [Line Items]
Payments to acquire business		$ 106
TekGenesis [Member]
Business Acquisition [Line Items]
Payments to acquire business	$ 600

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 779	$ 268	$ 1,092	$ 548
Net loss before provision for income taxes	$ (18,856)	$ (11,828)	$ (28,684)	$ (20,299)
Effective tax rate			(3.80%)	(2.70%)

Net Loss Per Share Attributab37

Net Loss Per Share Attributable to Common Stockholders - Calculation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Numerator:
Net loss attributable to common stockholders	$ (19,635)	$ (12,096)	$ (29,776)	$ (20,847)
Denominator:
Weighted-average shares used in computing net loss, basic and diluted	128,825,841	19,995,314	83,370,758	19,678,429
Net loss per share attributable to common stockholders, basic and diluted	$ (0.15)	$ (0.60)	$ (0.36)	$ (1.06)

Net Loss Per Share Attributab38

Net Loss Per Share Attributable to Common Stockholders - Schedule of Outstanding Shares of Common Stock Equivalents Excluded from Computation of Diluted Net Loss Per Share (Detail) - shares	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding shares of common stock equivalents excluded from the computation of the diluted net loss per share	23,301,795	113,825,361
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding shares of common stock equivalents excluded from the computation of the diluted net loss per share		90,262,270
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding shares of common stock equivalents excluded from the computation of the diluted net loss per share	21,075,298	23,543,451
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding shares of common stock equivalents excluded from the computation of the diluted net loss per share	942,932
Common Stock Expected to be Purchased under 2017 Employee Stock Purchase Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding shares of common stock equivalents excluded from the computation of the diluted net loss per share	1,283,565
Convertible Preferred Stock Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding shares of common stock equivalents excluded from the computation of the diluted net loss per share		19,640