HubSpot (HUBS) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	HUBS
Entity Registrant Name	HUBSPOT INC
Entity Central Index Key	1,404,655
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		33,754,797

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 74,235	$ 123,721
Short-term investments	35,591	0
Accounts receivable — net of allowance for doubtful accounts of $233 and $218 at June 30, 2015 and December 31, 2014, respectively	16,217	14,270
Deferred commission expense	6,009	5,995
Restricted cash	210	230
Prepaid hosting costs	1,928	1,777
Prepaid expenses and other current assets	6,570	3,516
Total current assets	140,760	149,509
Long-term investments	42,342	0
Property and equipment, net	11,337	11,381
Capitalized software development costs, net	4,233	4,433
Other assets	259	116
Intangible assets, net	153	89
Goodwill	9,773	9,330
Total assets	208,857	174,858
Current liabilities:
Accounts payable	2,415	2,800
Accrued compensation costs	8,182	7,660
Other accrued expenses	12,608	7,953
Capital lease obligations	235	100
Deferred rent	562	110
Deferred revenue	49,712	40,805
Total current liabilities	73,714	59,428
Capital lease obligations, net of current portion	141	78
Deferred rent, net of current portion	4,149	4,153
Deferred revenue, net of current portion	534	500
Total liabilities	$ 78,538	$ 64,159
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock	$ 33	$ 32
Additional paid-in capital	307,295	265,113
Accumulated other comprehensive loss	(458)	(145)
Accumulated deficit	(176,551)	(154,301)
Total stockholders’ equity	130,319	110,699
Total liabilities and stockholders’ equity	$ 208,857	$ 174,858

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Accounts receivable, net of allowance for doubtful accounts	$ 233	$ 218

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Subscription	$ 39,273	$ 24,903	$ 74,212	$ 47,188
Professional services and other	3,668	2,195	6,895	4,084
Total revenue	42,941	27,098	81,107	51,272
Cost of Revenues:
Subscription	7,484	5,668	14,424	10,765
Professional services and other	3,789	2,614	7,314	5,181
Total cost of revenues	11,273	8,282	21,738	15,946
Gross profit	31,668	18,816	59,369	35,326
Operating expenses:
Research and development	8,158	4,948	15,658	9,641
Sales and marketing	26,291	17,094	50,188	33,020
General and administrative	8,541	5,051	16,255	10,356
Total operating expenses	42,990	27,093	82,101	53,017
Loss from operations	(11,322)	(8,277)	(22,732)	(17,691)
Other (expense) income:
Interest income	101	1	108	3
Interest expense	(79)	(70)	(109)	(121)
Other (expense) income	(55)	67	572	65
Total other (expense) income	(33)	(2)	571	(53)
Loss before provision for income taxes	(11,355)	(8,279)	(22,161)	(17,744)
Provision for income taxes	(37)	0	(89)	0
Net loss	(11,392)	(8,279)	(22,250)	(17,744)
Preferred stock accretion	0	(13)	0	(27)
Net loss attributable to common stockholders	$ (11,392)	$ (8,292)	$ (22,250)	$ (17,771)
Net loss attributable to common stockholders per share, basic and diluted	$ (0.34)	$ (1.44)	$ (0.69)	$ (3.15)
Weighted average common shares used in computing basic and diluted net loss attributable to common stockholders per share:	33,208	5,773	32,432	5,636

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (11,392)	$ (8,279)	$ (22,250)	$ (17,744)
Other comprehensive loss:
Foreign currency translation adjustment	55	(1)	(153)	(2)
Changes in unrealized losses on investments	(133)	0	(160)	0
Comprehensive loss	$ (11,470)	$ (8,280)	$ (22,563)	$ (17,746)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities:
Net loss	$ (22,250)	$ (17,744)
Adjustments to reconcile net loss to net cash and cash equivalents provided by (used in) operating activities
Depreciation and amortization	3,565	3,047
Stock-based compensation	10,783	2,248
Provision for deferred income taxes	26	0
Provision for doubtful accounts	454	258
Amortization of bond premium discount	192	0
Noncash rent expense	192	206
Unrealized currency translation	(289)	0
Changes in assets and liabilities
Accounts receivable	(2,572)	(2,329)
Prepaid expenses and other assets	(3,352)	(203)
Deferred commission expense	(14)	(590)
Accounts payable	(310)	60
Accrued expenses	4,542	1,232
Restricted cash	0	157
Deferred rent	265	1,234
Deferred revenue	9,531	7,530
Net cash and cash equivalents provided by (used in) operating activities	763	(4,894)
Investing Activities:
Purchases of investments	(78,283)	0
Purchases of property and equipment	(1,183)	(4,924)
Capitalization of software development costs	(1,792)	(2,372)
Acquisition of a business	(600)	0
Acquisition of intangible assets	0	(80)
Restricted cash	0	1,500
Net cash and cash equivalents used in investing activities	(81,858)	(5,876)
Financing Activities:
Secondary offering proceeds, net of offering costs paid of $573	33,679	0
Proceeds from draw-down on line of credit	0	5,000
Employee taxes paid related to the net share settlement of stock-based awards	(7,852)	0
Proceeds related to the issuance of common stock under stock plans	6,189	2,039
Payment of deferred initial public offering costs	0	(1,507)
Repayments of capital lease obligations	(49)	(75)
Net cash and cash equivalents provided by financing activities	31,967	5,457
Effect of exchange rate changes on cash	(358)	(28)
Net decrease in cash and cash equivalents	(49,486)	(5,341)
Cash and cash equivalents, beginning of period	123,721	12,643
Cash and cash equivalents, end of period	74,235	7,302
Supplemental cash flow disclosure:
Cash and cash equivalents paid for interest	109	31
Non-cash investing and financing activities:
Property acquired under capital lease	246	0
Offering costs incurred but not yet paid	0	825
Capital expenditures incurred but not yet paid	60	414
Accretion of preferred stock	$ 0	$ 27

Consolidated Statements of Cas7

Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Statement Of Cash Flows [Abstract]
Offering costs paid on secondary offering	$ 573

Organization and Operations

Organization and Operations	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Organization and Operations	1. Organization and Operations HubSpot, Inc. (the “Company”), was formed as a limited liability company in Delaware on April 4, 2005. The Company converted to a Delaware corporation on June 7, 2007. The Company provides a cloud-based inbound marketing and sales platform which features integrated applications to help businesses attract visitors to their websites, convert visitors into leads, close leads into customers and delight customers so they become promoters of those businesses. These integrated applications include social media, search engine optimization, blogging, website content management, marketing automation, email, CRM, analytics, and reporting. The Company is headquartered in Cambridge, Massachusetts, and has wholly-owned subsidiaries in Dublin, Ireland, which commenced operations in January of 2013 and in Sydney, Australia, which commenced operations in August of 2014. On March 24, 2015, the Company closed a common stock public offering whereby 971,891 shares of common stock were sold to the public, including the underwriters’ overallotment option of 121,891 shares of common stock, at a price of $37.00 per share. The Company received aggregate proceeds of approximately $34.3 million from the offering, net of underwriters’ discounts and commissions, but before deduction of offering expenses of approximately $573 thousand. The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) applicable to interim periods, under the rules and regulations of the United States Securities and Exchange Commission (“SEC”). In the opinion of management the Company had prepared the accompanying unaudited financial statements on a basis substantially consistent with the audited consolidated financial statements of the Company as of and for the fiscal year ended December 31, 2014, and these financial statements include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results of the interim periods presented. All intercompany balances and transactions have been eliminated in consolidation. The results of operations for the interim periods presented are not necessarily indicative of the results to be expected for any subsequent quarter or for the entire year ending December 31, 2015. The year-end balance sheet data was derived from audited financial statements, but this Form 10-Q does not include all disclosures required under GAAP. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted under the rules and regulations of the SEC. These interim financial statements should be read in conjunction with the audited consolidated financial statements and related notes contained in the Company’s Annual Report on Form 10-K filed with the SEC on March 5, 2015. There have been no changes in the Company’s significant accounting policies from those that were disclosed in the Company’s Annual Report on Form 10-K that have had a material impact on our consolidated financial statements and related notes other than the addition of investments described below. Investments Investments consist of corporate debt securities. Securities having remaining maturities of more than three months at the date of purchase and less than one year from the date of the balance sheets are classified as short-term, and those with maturities of more than one year from the date of the balance sheet are classified as long-term in the consolidated balance sheets. The Company classifies its debt investments with readily determinable market values as available-for-sale. These investments are classified as investments on the consolidated balance sheets and are carried at fair market value, with unrealized gains and losses considered to be temporary in nature reported as accumulated other comprehensive income (loss), a separate component of stockholders’ equity. The Company reviews all investments for reductions in fair value that are other-than-temporary. When such reductions occur, the cost of the investment is adjusted to fair value through recording a loss on investments in the consolidated statements of operations. Gains and losses on investments are calculated on the basis of specific identification. Investments are considered to be impaired when a decline in fair value below cost basis is determined to be other-than-temporary. The Company periodically evaluates whether a decline in fair value below cost basis is other-than-temporary by considering available evidence regarding these investments including, among other factors: the duration of the period that, and extent to which, the fair value is less than cost basis; the financial health of, and business outlook for the issuer, including industry and sector performance and operational and financing cash flow factors; overall market conditions and trends and the Company’s intent and ability to retain its investment in the security for a period of time sufficient to allow for an anticipated recovery in market value. Once a decline in fair value is determined to be other-than-temporary, a write-down is recorded and a new cost basis in the security is established. Assessing the above factors involves inherent uncertainty. Write-downs, if recorded, could be materially different from the actual market performance of investments in the Company’s portfolio if, among other things, relevant information related to the investment was not publicly available. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued updated guidance and disclosure requirements for recognizing revenue. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised 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. In July 2015, the FASB approved the deferral of the new standard's effective date by one year. The new standard now would be effective for annual reporting periods beginning January 1, 2018. The FASB will permit companies to adopt the new standard early, but not before the original effective date of January 1,2017 In June 2014, the FASB issued a standards update on accounting for share-based payments when the terms of the award provide that a performance target could be achieved after a requisite service period. The standard is effective beginning January 1, 2016, with early adoption permitted. We do not expect it to have a material impact on our consolidated financial position, results of operations or cash flows. Reclassifications Certain prior year amounts have been reclassified to conform with the current year’s presentation. During the three and six months ended June 30, 2015, the Company classified $673 thousand and $1.3 million, respectively, of credit card fees associated with customer payments within general and administrative expenses on the consolidated statement of operations. Accordingly, the Company reclassified $457 thousand of credit card fees associated with customer payments for the three months ended June 30, 2014 and $907 thousand for the six months ended June 30, 2014 from cost of revenues, subscription to general and administrative expenses to confirm with this presentation. The Company will also reclassify credit card fees of $500 thousand for the three months ended September 30, 2014, and $593 thousand for the three months ended December 31, 2014.

Net Loss per Share

Net Loss per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Net Loss per Share	2. Net Loss per Share Basic net loss attributable to common stockholders per share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net loss attributable to common stockholders per share is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period. For purposes of this calculation, options to purchase common stock, common stock warrants, restricted stock units (“RSUs”) and redeemable convertible preferred stock are considered to be common stock equivalents. The Company applied the two-class method to calculate its basic and diluted net loss per share of common stock for the three and six months ended June 30, 2014, as its convertible preferred stock and common stock are participating securities. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common stockholders. However, the two-class method does not impact the net loss per share of common stock as the Company was in a loss position for the three and six months ended June 30, 2014 and preferred stockholders did not participate in losses. A reconciliation of the denominator used in the calculation of basic and diluted loss attributable to common stockholders per share is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Net loss attributable to common stockholders $ (11,392 ) $ (8,292 ) $ (22,250 ) $ (17,771 ) Weighted-average common shares outstanding — basic 33,208 5,773 32,432 5,636 Dilutive effect of share equivalents resulting from stock options, RSUs, common stock warrants, and redeemable convertible preferred shares (as converted) Weighted-average common shares, outstanding — diluted 33,208 5,773 32,432 5,636 Net loss attributable to common stockholders per share, basic and diluted $ (0.34 ) $ (1.44 ) $ (0.69 ) $ (3.15 ) Additionally, since the Company incurred net losses for each of the periods presented, diluted net loss attributable to common stockholders per share is the same as basic net loss attributable to common stockholders per share. The Company’s outstanding stock options, RSUs, common stock warrants, and redeemable convertible preferred stock were not included in the calculation of diluted loss attributable to common stockholders per share as the effect would be anti-dilutive. The following table contains all potentially dilutive common stock equivalents. As of June 30, 2015 2014 (in thousands) Options to purchase common shares 4,079 4,809 Common stock warrants — 13 Convertible preferred stock (as converted) — 19,530 RSUs 1,642 1,169

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	3. Fair Value of Financial Instruments The Company measures certain financial assets at fair value. Fair value is determined 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, as follows: · Level 1 — Quoted prices in active markets for identical assets or liabilities. · Level 2 — Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities. · Level 3 — Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities. The following table details the fair value measurements within the fair value hierarchy of the Company’s financial assets and liabilities at June 30, 2015 and December 31, 2014. June 30, 2015 Level 1 Level 2 Level 3 Total (in thousands) Money market funds $ 14,605 $ — $ — $ 14,605 Commercial paper — 15,982 — 15,982 Corporate bonds — 61,947 — 61,947 U.S. government agency obligations — 7,004 — 7,004 Total $ 14,605 $ 84,933 $ — $ 99,538 December 31, 2014 Level 1 Level 2 Level 3 Total (in thousands) Money market funds $ 100,000 $ — $ — $ 100,000 Total $ 100,000 $ — $ — $ 100,000 The Company considers all highly liquid investments purchased with a remaining maturity of three months or less to be cash equivalents. The fair value of the Company’s investments in certain money market funds is their face value and such instruments are classified as Level 1 and are included in cash and cash equivalents on the consolidated balance sheets. Certain holdings classified as commercial paper and corporate bonds above had original maturities to the Company of less than 90 days, and therefore have been included within cash and cash equivalents within the consolidated balance sheets. For certain other financial instruments, including accounts receivable, accounts payable and other current liabilities, the carrying amounts approximate their fair value due to the relatively short maturity of these balances. The following tables summarize the composition of our short- and long-term investments at June 30, 2015. The Company did not have any investments at December 31, 2014. June 30, 2015 Amortized Cost Unrealized Gains Unrealized (Losses) Aggregate Fair Value (in thousands) Commercial paper $ 12,983 $ — $ (1 ) $ 12,982 Corporate bonds 58,100 — (153 ) 57,947 U.S. government agency obligations 7,010 — (6 ) 7,004 Total $ 78,093 $ — $ (160 ) $ 77,933 For all of our securities for which the amortized cost basis was greater than the fair value at June 30, 2015, the Company has concluded that there is no plan to sell the security nor is it more likely than not that the Company would be required to sell the security before its anticipated recovery. In making the determination as to whether the unrealized loss is other-than-temporary, the Company considered the length of time and extent the investment has been in an unrealized loss position, the financial condition and near-term prospects of the issuers, the issuers’ credit rating and the time to maturity. Contractual Maturities The contractual maturities of short-term and long-term investments held at June 30, 2015 are as follows: June 30, 2015 Amortized Cost Basis Aggregate Fair Value ( in thousands) Due within one year $ 35,627 $ 35,591 Due after 1 year through 2 years 42,466 42,342 Total $ 78,093 $ 77,933

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2015
Property Plant And Equipment [Abstract]
Property and Equipment, Net	4. Property and Equipment, Net Property and equipment, net consists of the following: June 30, 2015 December 31, 2014 (in thousands) Computer equipment & purchased software $ 1,018 $ 904 Furniture and fixtures 3,441 3,010 Office equipment 1,210 1,118 Leasehold improvements 10,562 10,153 Equipment under capital lease 808 562 Total property and equipment 17,039 15,747 Less accumulated depreciation (5,702 ) (4,366 ) Property and equipment, net $ 11,337 $ 11,381 Depreciation expense was $696 thousand for the three months ended June 30, 2015, $1.4 million for the six months ended June 30, 2015, $631 thousand for the three months ended June 30, 2014, and $1.2 million for the six months ended June 30, 2014.

Capitalized Software Developmen

Capitalized Software Development Costs	6 Months Ended
	Jun. 30, 2015
Research And Development [Abstract]
Capitalized Software Development Costs	5. Capitalized Software Development Costs Capitalized software development costs consisted of the following: June 30, 2015 December 31, 2014 (in thousands) Gross capitalized software development costs $ 16,176 $ 14,219 Accumulated amortization (11,943 ) (9,786 ) Capitalized software development costs, net $ 4,233 $ 4,433 The following table summarizes software development costs capitalized, stock-based compensation included in capitalized software development costs, and amortization of capitalized software development costs: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Software development costs capitalized $ 1,103 $ 1,493 $ 1,957 $ 2,498 Stock-based compensation included in capitalized software development costs $ 82 $ 75 $ 165 $ 126 Amortization of software development costs $ 1,096 $ 923 $ 2,157 $ 1,751

Business Combination, Intangibl

Business Combination, Intangible Assets and Goodwill	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Business Combination, Intangible Assets and Goodwill	6. Business Combination, Intangible Assets and Goodwill During the six months ended June 30, 2015 the Company acquired certain assets and treated this purchase as a business combination. The Company paid cash considerations of $600 thousand for these assets and allocated $107 thousand to acquired technology, $50 thousand to certain other assets, and the remaining $443 thousand to goodwill. Intangible assets as of June 30, 2015 and December 31, 2014 were as follows: June 30, 2015 December 31, 2014 (in thousands) Acquired technology $ 852 $ 745 Acquired intellectual property 80 80 Accumulated amortization (779 ) (736 ) Total $ 153 $ 89 Amortization expense related to intangible assets was $26 thousand for the three months ended June 30, 2015, $44 thousand for the six months ended June 30, 2015, $50 thousand for the three months ended June 30, 2014 and $112 thousand for the six months ended June 30, 2014. Amortization expense of acquired technology is included in cost of subscription revenue in the consolidated statements of operations. Amortization expense of acquired intellectual property is included in sales and marketing expense in the consolidated statements of operations. Remaining amortization expense for intangible assets is as follows: Years ended December 31, Amortization Expense (in thousands) 2015 53 2016 84 2017 16 Total 153 The changes in the carrying amount of goodwill for the six months ended June 30, 2015 were as follows: (in thousands) Balance as of December 31, 2014 $ 9,330 Business Combination 443 Balance as of June 30, 2015 $ 9,773

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	7. Commitments and Contingencies Except as set forth below, there were no material changes in our commitments under contractual obligations, as disclosed in the Company’s audited consolidated financial statements for the year ended December 31, 2014. In April 2015, the Company entered into a new 10 year property lease for approximately 60,000 square feet of space. The lease commences on January 1, 2016 and the Company will pay an aggregate of approximately $37 million in rent over the 10 year lease period. Future minimum payments under all operating and capital lease agreements as of June 30, 2015, are as follows: Operating Capital (in thousands) 2015 $ 2,820 $ 122 2016 9,269 217 2017 9,779 50 2018 9,636 — 2019 9,826 — Thereafter 28,501 — Total $ 69,831 389 Less: Portion representing interest (13 ) Capital lease obligation $ 376 Additionally, in May 2015, the Company entered into a renewal agreement with a customer relationship management vendor. The Company’s contractual obligation under this agreement is approximately $30 million, payable over the sixty month term of the agreement. Legal Contingencies From time to time, we may become a party to litigation and subject to claims incident to the ordinary course of business, including intellectual property claims, labor and employment claims, and threatened claims, breach of contract claims, tax, and other matters. We currently have no material pending litigation.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	8. Changes in Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated other comprehensive loss, which is reported as a component of stockholders’ deficit, for the six months ended June 30, 2015. Foreign Currency Unrealized loss investments Total (in thousands) Beginning balance at December 31, 2014 $ (145 ) $ — $ (145 ) Other comprehensive loss before reclassifications (153 ) (160 ) (313 ) Amounts reclassified from accumulated other comprehensive income — — — Ending balance at June 30, 2015 $ (298 ) $ (160 ) $ (458 )

Stock-Based Compensation Expens

Stock-Based Compensation Expense	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation Expense	9. Stock-Based Compensation Expense The following two tables show stock-based compensation expense by award type and where the stock-based compensation expense is recorded in the Company’s consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Options $ 1,621 $ 1,176 $ 3,270 $ 2,248 RSUs 3,581 — 6,909 — Employee stock purchase plan 440 — 604 — Total stock-based compensation expense $ 5,642 $ 1,176 $ 10,783 $ 2,248 Effect of stock-based compensation expense on income by line item: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Cost of revenue, subscription $ 92 $ 24 $ 159 $ 40 Cost of revenue, service 347 83 604 152 Research and development 1,629 153 3,262 299 Sales and marketing 2,077 475 4,132 887 General and administrative 1,497 441 2,626 870 Total stock-based compensation expense $ 5,642 $ 1,176 $ 10,783 $ 2,248 Excluded from stock-based compensation expense is $82 thousand of capitalized software development costs for the three months ended June 30, 2015, $165 thousand for the six months ended June 30, 2015, $75 thousand for the three months ended June 30, 2014, and $126 thousand for the six months ended June 30, 2014.

Reverse Stock Split

Reverse Stock Split	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Reverse Stock Split	10. Reverse Stock Split On September 25, 2014, the Company’s Board of Directors and stockholders approved a 1-for-3 reverse stock split of the Company’s common stock. The reverse stock split became effective on September 25, 2014. Upon the effectiveness of the reverse stock split, (i) every three shares of outstanding common stock was combined into one share of common stock, (ii) the number of shares of common stock into which each outstanding warrant or option to purchase common stock is exercisable was proportionally decreased, (iii) the exercise price of each outstanding warrant or option to purchase common stock was proportionately increased, and (iv) the conversion ratio for each share of preferred stock outstanding was proportionately reduced. Unless otherwise indicated, all of the share numbers, share prices and exercise prices in these consolidated financial statements have been adjusted, on a retroactive basis, to reflect this 1-for-3 reverse stock split.

Segment Information and Geograp

Segment Information and Geographic Data	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information and Geographic Data	11. Segment Information and Geographic Data The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the chief operating decision makers (“CODMs”), which are the Company’s chief executive officer and chief operating officer, in deciding how to allocate resources and assess performance. The Company’s CODMs evaluate the Company’s financial information and resources and assess the performance of these resources on a consolidated basis. Since the Company operates in one operating segment, all required financial segment information can be found in the consolidated financial statements. Revenue and long-lived assets by geographic region, based on the physical location of the operations recording the sale or the asset, are as follows: Revenues by geographical region: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Americas $ 36,840 $ 24,280 $ 70,064 $ 46,341 Europe 5,243 2,818 9,746 4,931 Asia Pacific 858 — 1,297 — Total $ 42,941 $ 27,098 $ 81,107 $ 51,272 Percentage of revenues generated outside of the Americas 14 % 10 % 14 % 10 % Total long lived assets by geographical region: As of June 30, 2015 As of December 31, 2014 Americas $ 10,742 $ 10,711 Europe 588 670 Asia Pacific 7 — Total long lived assets $ 11,337 $ 11,381 Percentage of long lived assets held outside of the Americas 5 % 6 %

Organization and Operations (Po

Organization and Operations (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Investments	Investments Investments consist of corporate debt securities. Securities having remaining maturities of more than three months at the date of purchase and less than one year from the date of the balance sheets are classified as short-term, and those with maturities of more than one year from the date of the balance sheet are classified as long-term in the consolidated balance sheets. The Company classifies its debt investments with readily determinable market values as available-for-sale. These investments are classified as investments on the consolidated balance sheets and are carried at fair market value, with unrealized gains and losses considered to be temporary in nature reported as accumulated other comprehensive income (loss), a separate component of stockholders’ equity. The Company reviews all investments for reductions in fair value that are other-than-temporary. When such reductions occur, the cost of the investment is adjusted to fair value through recording a loss on investments in the consolidated statements of operations. Gains and losses on investments are calculated on the basis of specific identification. Investments are considered to be impaired when a decline in fair value below cost basis is determined to be other-than-temporary. The Company periodically evaluates whether a decline in fair value below cost basis is other-than-temporary by considering available evidence regarding these investments including, among other factors: the duration of the period that, and extent to which, the fair value is less than cost basis; the financial health of, and business outlook for the issuer, including industry and sector performance and operational and financing cash flow factors; overall market conditions and trends and the Company’s intent and ability to retain its investment in the security for a period of time sufficient to allow for an anticipated recovery in market value. Once a decline in fair value is determined to be other-than-temporary, a write-down is recorded and a new cost basis in the security is established. Assessing the above factors involves inherent uncertainty. Write-downs, if recorded, could be materially different from the actual market performance of investments in the Company’s portfolio if, among other things, relevant information related to the investment was not publicly available.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued updated guidance and disclosure requirements for recognizing revenue. The new revenue recognition standard provides a five-step analysis of transactions to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised 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. In July 2015, the FASB approved the deferral of the new standard's effective date by one year. The new standard now would be effective for annual reporting periods beginning January 1, 2018. The FASB will permit companies to adopt the new standard early, but not before the original effective date of January 1,2017 In June 2014, the FASB issued a standards update on accounting for share-based payments when the terms of the award provide that a performance target could be achieved after a requisite service period. The standard is effective beginning January 1, 2016, with early adoption permitted. We do not expect it to have a material impact on our consolidated financial position, results of operations or cash flows.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform with the current year’s presentation. During the three and six months ended June 30, 2015, the Company classified $673 thousand and $1.3 million, respectively, of credit card fees associated with customer payments within general and administrative expenses on the consolidated statement of operations. Accordingly, the Company reclassified $457 thousand of credit card fees associated with customer payments for the three months ended June 30, 2014 and $907 thousand for the six months ended June 30, 2014 from cost of revenues, subscription to general and administrative expenses to confirm with this presentation. The Company will also reclassify credit card fees of $500 thousand for the three months ended September 30, 2014, and $593 thousand for the three months ended December 31, 2014.

Net Loss per Share (Tables)

Net Loss per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Summary of Reconciliation of Basic and Diluted Loss Attributable to Common Stockholders Per Share	A reconciliation of the denominator used in the calculation of basic and diluted loss attributable to common stockholders per share is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Net loss attributable to common stockholders $ (11,392 ) $ (8,292 ) $ (22,250 ) $ (17,771 ) Weighted-average common shares outstanding — basic 33,208 5,773 32,432 5,636 Dilutive effect of share equivalents resulting from stock options, RSUs, common stock warrants, and redeemable convertible preferred shares (as converted) Weighted-average common shares, outstanding — diluted 33,208 5,773 32,432 5,636 Net loss attributable to common stockholders per share, basic and diluted $ (0.34 ) $ (1.44 ) $ (0.69 ) $ (3.15 )
Schedule of Potentially Dilutive Common Stock Equivalents	The following table contains all potentially dilutive common stock equivalents. As of June 30, 2015 2014 (in thousands) Options to purchase common shares 4,079 4,809 Common stock warrants — 13 Convertible preferred stock (as converted) — 19,530 RSUs 1,642 1,169

Fair Value of Financial Instr21

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Financial Assets and Liabilities	The following table details the fair value measurements within the fair value hierarchy of the Company’s financial assets and liabilities at June 30, 2015 and December 31, 2014. June 30, 2015 Level 1 Level 2 Level 3 Total (in thousands) Money market funds $ 14,605 $ — $ — $ 14,605 Commercial paper — 15,982 — 15,982 Corporate bonds — 61,947 — 61,947 U.S. government agency obligations — 7,004 — 7,004 Total $ 14,605 $ 84,933 $ — $ 99,538 December 31, 2014 Level 1 Level 2 Level 3 Total (in thousands) Money market funds $ 100,000 $ — $ — $ 100,000 Total $ 100,000 $ — $ — $ 100,000
Summary of Composition of Short and Long Term Investments	The following tables summarize the composition of our short- and long-term investments at June 30, 2015. The Company did not have any investments at December 31, 2014. June 30, 2015 Amortized Cost Unrealized Gains Unrealized (Losses) Aggregate Fair Value (in thousands) Commercial paper $ 12,983 $ — $ (1 ) $ 12,982 Corporate bonds 58,100 — (153 ) 57,947 U.S. government agency obligations 7,010 — (6 ) 7,004 Total $ 78,093 $ — $ (160 ) $ 77,933
Summary of Contractual Maturities of Short and Long Term Investments	The contractual maturities of short-term and long-term investments held at June 30, 2015 are as follows: June 30, 2015 Amortized Cost Basis Aggregate Fair Value ( in thousands) Due within one year $ 35,627 $ 35,591 Due after 1 year through 2 years 42,466 42,342 Total $ 78,093 $ 77,933

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consists of the following: June 30, 2015 December 31, 2014 (in thousands) Computer equipment & purchased software $ 1,018 $ 904 Furniture and fixtures 3,441 3,010 Office equipment 1,210 1,118 Leasehold improvements 10,562 10,153 Equipment under capital lease 808 562 Total property and equipment 17,039 15,747 Less accumulated depreciation (5,702 ) (4,366 ) Property and equipment, net $ 11,337 $ 11,381

Capitalized Software Developm23

Capitalized Software Development Costs (Tables)	6 Months Ended
	Jun. 30, 2015
Research And Development [Abstract]
Summary of Capitalized Software Development Costs	Capitalized software development costs consisted of the following: June 30, 2015 December 31, 2014 (in thousands) Gross capitalized software development costs $ 16,176 $ 14,219 Accumulated amortization (11,943 ) (9,786 ) Capitalized software development costs, net $ 4,233 $ 4,433
Summary of Capitalized Software Development Costs Including Stock-Based Compensation and Amortization	The following table summarizes software development costs capitalized, stock-based compensation included in capitalized software development costs, and amortization of capitalized software development costs: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Software development costs capitalized $ 1,103 $ 1,493 $ 1,957 $ 2,498 Stock-based compensation included in capitalized software development costs $ 82 $ 75 $ 165 $ 126 Amortization of software development costs $ 1,096 $ 923 $ 2,157 $ 1,751

Business Combination, Intangi24

Business Combination, Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible assets	Intangible assets as of June 30, 2015 and December 31, 2014 were as follows: June 30, 2015 December 31, 2014 (in thousands) Acquired technology $ 852 $ 745 Acquired intellectual property 80 80 Accumulated amortization (779 ) (736 ) Total $ 153 $ 89
Estimated Future Amortization Expense for Intangible Assets	Remaining amortization expense for intangible assets is as follows: Years ended December 31, Amortization Expense (in thousands) 2015 53 2016 84 2017 16 Total 153
Schedule of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the six months ended June 30, 2015 were as follows: (in thousands) Balance as of December 31, 2014 $ 9,330 Business Combination 443 Balance as of June 30, 2015 $ 9,773

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Schedule of Future Minimum Payments	Future minimum payments under all operating and capital lease agreements as of June 30, 2015, are as follows: Operating Capital (in thousands) 2015 $ 2,820 $ 122 2016 9,269 217 2017 9,779 50 2018 9,636 — 2019 9,826 — Thereafter 28,501 — Total $ 69,831 389 Less: Portion representing interest (13 ) Capital lease obligation $ 376

Changes in Accumulated Other 26

Changes in Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	The following table summarizes the changes in accumulated other comprehensive loss, which is reported as a component of stockholders’ deficit, for the six months ended June 30, 2015. Foreign Currency Unrealized loss investments Total (in thousands) Beginning balance at December 31, 2014 $ (145 ) $ — $ (145 ) Other comprehensive loss before reclassifications (153 ) (160 ) (313 ) Amounts reclassified from accumulated other comprehensive income — — — Ending balance at June 30, 2015 $ (298 ) $ (160 ) $ (458 )

Stock-Based Compensation Expe27

Stock-Based Compensation Expense (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Compensation Expense by Award is Recorded in the Company's Consolidated Statements of Operations	The following two tables show stock-based compensation expense by award type and where the stock-based compensation expense is recorded in the Company’s consolidated statements of operations: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Options $ 1,621 $ 1,176 $ 3,270 $ 2,248 RSUs 3,581 — 6,909 — Employee stock purchase plan 440 — 604 — Total stock-based compensation expense $ 5,642 $ 1,176 $ 10,783 $ 2,248
Effect of Stock-Based Compensation on Income by Line Item	Effect of stock-based compensation expense on income by line item: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (in thousands) (in thousands) Cost of revenue, subscription $ 92 $ 24 $ 159 $ 40 Cost of revenue, service 347 83 604 152 Research and development 1,629 153 3,262 299 Sales and marketing 2,077 475 4,132 887 General and administrative 1,497 441 2,626 870 Total stock-based compensation expense $ 5,642 $ 1,176 $ 10,783 $ 2,248

Segment Information and Geogr28

Segment Information and Geographic Data (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Revenues by Geographical Region	Revenues by geographical region: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Americas $ 36,840 $ 24,280 $ 70,064 $ 46,341 Europe 5,243 2,818 9,746 4,931 Asia Pacific 858 — 1,297 — Total $ 42,941 $ 27,098 $ 81,107 $ 51,272 Percentage of revenues generated outside of the Americas 14 % 10 % 14 % 10 %
Long Lived Assets by Geographical Region	Total long lived assets by geographical region: As of June 30, 2015 As of December 31, 2014 Americas $ 10,742 $ 10,711 Europe 588 670 Asia Pacific 7 — Total long lived assets $ 11,337 $ 11,381 Percentage of long lived assets held outside of the Americas 5 % 6 %

Organization and Operations - A

Organization and Operations - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 24, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Summary Of Organization And Operations [Line Items]
Number of shares issued to public	971,891
Issued price per share of common stock	$ 37
Aggregate proceeds from offering	$ 34,300					$ 33,679	$ 0
Share offering expenses	$ 573
General and Administrative [Member]
Summary Of Organization And Operations [Line Items]
Amount reclassified from cost of revenues to general and administrative expenses		$ 673	$ 593	$ 500	$ 457	$ 1,300	$ 907
Over-Allotment Option [Member]
Summary Of Organization And Operations [Line Items]
Number of shares issued to public	121,891

Net Loss per Share - Summary of

Net Loss per Share - Summary of Reconciliation of Basic and Diluted Loss Attributable to Common Stockholders Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Basic And Diluted [Abstract]
Net loss attributable to common stockholders	$ (11,392)	$ (8,292)	$ (22,250)	$ (17,771)
Weighted-average common shares outstanding — basic	33,208	5,773	32,432	5,636
Dilutive effect of share equivalents resulting from stock options, RSUs, common stock warrants, and redeemable convertible preferred shares (as converted)	0	0	0	0
Weighted-average common shares, outstanding — diluted	33,208	5,773	32,432	5,636
Net loss attributable to common stockholders per share, basic and diluted	$ (0.34)	$ (1.44)	$ (0.69)	$ (3.15)

Net Loss per Share - Schedule o

Net Loss per Share - Schedule of Potentially Dilutive Common Stock Equivalents (Detail) - shares shares in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Options to Purchase Common Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	4,079	4,809
Common Stock Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	0	13
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	0	19,530
RSUs [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	1,642	1,169

Fair Value of Financial Instr32

Fair Value of Financial Instruments - Schedule of Fair Value of Financial Assets and Liabilities (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	$ 77,933,000	$ 0
Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	12,982,000
Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	57,947,000
US Government Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	7,004,000
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	99,538,000	100,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	14,605,000	100,000,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	84,933,000	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of financial assets	0	0
Fair Value, Measurements, Recurring [Member] | Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	14,605,000	100,000,000
Fair Value, Measurements, Recurring [Member] | Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	14,605,000	100,000,000
Fair Value, Measurements, Recurring [Member] | Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	0	0
Fair Value, Measurements, Recurring [Member] | Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	0	$ 0
Fair Value, Measurements, Recurring [Member] | Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	15,982,000
Fair Value, Measurements, Recurring [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	0
Fair Value, Measurements, Recurring [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	15,982,000
Fair Value, Measurements, Recurring [Member] | Commercial Paper [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of cash and cash equivalents	0
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	61,947,000
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	0
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	61,947,000
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	0
Fair Value, Measurements, Recurring [Member] | US Government Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	7,004,000
Fair Value, Measurements, Recurring [Member] | US Government Agency Obligations [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	0
Fair Value, Measurements, Recurring [Member] | US Government Agency Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	7,004,000
Fair Value, Measurements, Recurring [Member] | US Government Agency Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of short and long term investments	$ 0

Fair Value of Financial Instr33

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Available For Sale Securities [Abstract]
Short term or long term investment	$ 77,933,000	$ 0

Fair Value of Financial Instr34

Fair Value of Financial Instruments - Summary of Composition of Short and Long Term Investments (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 78,093,000
Unrealized Gains	0
Unrealized (Losses)	(160,000)
Aggregate Fair Value	77,933,000	$ 0
Commercial Paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,983,000
Unrealized Gains	0
Unrealized (Losses)	(1,000)
Aggregate Fair Value	12,982,000
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	58,100,000
Unrealized Gains	0
Unrealized (Losses)	(153,000)
Aggregate Fair Value	57,947,000
US Government Agency Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,010,000
Unrealized Gains	0
Unrealized (Losses)	(6,000)
Aggregate Fair Value	$ 7,004,000

Fair Value of Financial Instr35

Fair Value of Financial Instruments - Summary of Contractual Maturities of Short and Long Term Investments (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Amortized Cost Basis, Due within one year	$ 35,627,000
Amortized Cost Basis, Due after 1 year through 2 years	42,466,000
Amortized Cost	78,093,000
Aggregate Fair Value, Due within one year	35,591,000
Aggregate Fair Value, Due after 1 year through 2 years	42,342,000
Aggregate Fair Value, Total	$ 77,933,000	$ 0

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 17,039	$ 15,747
Less accumulated depreciation	(5,702)	(4,366)
Property and equipment, net	11,337	11,381
Computer Equipment & Purchased Software [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	1,018	904
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	3,441	3,010
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	1,210	1,118
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	10,562	10,153
Equipment under Capital Lease [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 808	$ 562

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 696	$ 631	$ 1,400	$ 1,200

Capitalized Software Developm38

Capitalized Software Development Costs - Summary of Capitalized Software Development Costs (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Capitalized Computer Software Net [Abstract]
Gross capitalized software development costs	$ 16,176	$ 14,219
Accumulated amortization	(11,943)	(9,786)
Capitalized software development costs, net	$ 4,233	$ 4,433

Capitalized Software Developm39

Capitalized Software Development Costs - Summary of Capitalized Software Development Costs Including Stock-Based Compensation and Amortization (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Capitalized Computer Software [Line Items]
Stock-based compensation included in capitalized software development costs	$ 82	$ 75	$ 165	$ 126
Software Development [Member]
Capitalized Computer Software [Line Items]
Software development costs capitalized	1,103	1,493	1,957	2,498
Stock-based compensation included in capitalized software development costs	82	75	165	126
Amortization of software development costs	$ 1,096	$ 923	$ 2,157	$ 1,751

Business Combination, Intangi40

Business Combination, Intangible Assets and Goodwill - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Business Acquisition [Line Items]
Cash consideration on acquisition			$ 600	$ 0
Goodwill			443
Amortization expense	$ 26	$ 50	44	$ 112
Business Combination [Member]
Business Acquisition [Line Items]
Cash consideration on acquisition			600
Business combination other assets			50
Acquired Technology [Member]
Business Acquisition [Line Items]
Business combination acquired technologies			$ 107

Business Combination, Intangi41

Business Combination, Intangible Assets and Goodwill - Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (779)	$ (736)
Intangible assets, net	153	89
Acquired Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets	852	745
Acquired Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets	$ 80	$ 80

Business Combination, Intangi42

Business Combination, Intangible Assets and Goodwill - Estimated Future Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
2,015	$ 53
2,016	84
2,017	16
Intangible assets, net	$ 153	$ 89

Business Combination, Intangi43

Business Combination, Intangible Assets and Goodwill - Schedule of Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance	$ 9,330
Business Combination	443
Ending balance	$ 9,773

Commitments and Contingencies-

Commitments and Contingencies- Additional Information (Detail) $ in Thousands	1 Months Ended
	May. 31, 2015	Apr. 30, 2015USD ($)ft²	Jun. 30, 2015USD ($)	May. 30, 2015USD ($)
Commitments And Contingencies Disclosure [Abstract]
Lease agreement period		10 years
Area of property leased | ft²		60,000
Lease commence date		Jan. 31, 2016
Rent payable		$ 37,000	$ 69,831	$ 30,000
Renewal term	60 months

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Payments (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	May. 30, 2015	Apr. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Capital Leases, 2015	$ 122
Capital Leases, 2016	217
Capital Leases, 2017	50
Capital Leases, 2018	0
Capital Leases, 2019	0
Capital Leases, Thereafter	0
Capital Leases, Total	389
Less: Portion representing interest	(13)
Capital lease obligation	376
Operating, 2015	2,820
Operating, 2016	9,269
Operating, 2017	9,779
Operating, 2018	9,636
Operating, 2019	9,826
Operating, Thereafter	28,501
Operating, Total	$ 69,831	$ 30,000	$ 37,000

Changes in Accumulated Other 46

Changes in Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance at December 31, 2014	$ 110,699
Ending balance at June 30, 2015	130,319
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance at December 31, 2014	(145)
Other comprehensive loss before reclassifications	(153)
Amounts reclassified from accumulated other comprehensive income	0
Ending balance at June 30, 2015	(298)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance at December 31, 2014	0
Other comprehensive loss before reclassifications	(160)
Amounts reclassified from accumulated other comprehensive income	0
Ending balance at June 30, 2015	(160)
Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance at December 31, 2014	(145)
Other comprehensive loss before reclassifications	(313)
Amounts reclassified from accumulated other comprehensive income	0
Ending balance at June 30, 2015	$ (458)

Stock-Based Compensation Expe47

Stock-Based Compensation Expense - Stock Compensation Expense by Award is Recorded in the Company's Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	$ 5,642	$ 1,176	$ 10,783	$ 2,248
Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	1,621	1,176	3,270	2,248
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	3,581	0	6,909	0
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	$ 440	$ 0	$ 604	$ 0

Stock-Based Compensation Expe48

Stock-Based Compensation Expense - Effect of Stock-Based Compensation on Income by Line Item (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	$ 5,642	$ 1,176	$ 10,783	$ 2,248
Cost of Revenue, Subscription [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	92	24	159	40
Cost of Revenue, Service [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	347	83	604	152
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	1,629	153	3,262	299
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	2,077	475	4,132	887
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock based compensation expense	$ 1,497	$ 441	$ 2,626	$ 870

Stock-Based Compensation Expe49

Stock-Based Compensation Expense - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement Of Income And Comprehensive Income [Abstract]
Capitalized software development costs excluded from stock based compensation	$ 82	$ 75	$ 165	$ 126

Reverse Stock Split - Additiona

Reverse Stock Split - Additional Information (Detail)	Sep. 25, 2014	Jun. 30, 2015
Equity [Abstract]
Stock split ratio	0.33
Stockholders' equity note, stock split description		Upon the effectiveness of the reverse stock split, (i) every three shares of outstanding common stock was combined into one share of common stock, (ii) the number of shares of common stock into which each outstanding warrant or option to purchase common stock is exercisable was proportionally decreased, (iii) the exercise price of each outstanding warrant or option to purchase common stock was proportionately increased, and (iv) the conversion ratio for each share of preferred stock outstanding was proportionately reduced.

Segment Information and Geogr51

Segment Information and Geographic Data - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015Segment
Segment Reporting [Abstract]
Number of operating segment	1

Segment Information and Geogr52

Segment Information and Geographic Data - Revenues by Geographical Region (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Total Revenues	$ 42,941	$ 27,098	$ 81,107	$ 51,272
Americas [Member]
Segment Reporting Information [Line Items]
Total Revenues	36,840	24,280	70,064	46,341
Europe [Member]
Segment Reporting Information [Line Items]
Total Revenues	5,243	2,818	9,746	4,931
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Total Revenues	$ 858	$ 0	$ 1,297	$ 0
Revenue [Member] | Americas [Member]
Segment Reporting Information [Line Items]
Percentage of revenues generated outside of the Americas	14.00%	10.00%	14.00%	10.00%

Segment Information and Geogr53

Segment Information and Geographic Data - Long Lived Assets by Geographical Region (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total long lived assets	$ 11,337	$ 11,381
Americas [Member]
Segment Reporting Information [Line Items]
Total long lived assets	$ 10,742	$ 10,711
Percentage of long lived assets held outside of the Americas	5.00%	6.00%
Europe [Member]
Segment Reporting Information [Line Items]
Total long lived assets	$ 588	$ 670
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Total long lived assets	$ 7	$ 0