Zuora (ZUO) 10-Q 13 Jun 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2018	Jun. 08, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	ZUO
Entity Registrant Name	ZUORA INC
Entity Central Index Key	1,423,774
Current Fiscal Year End Date	--01-31
Entity Filer Category	Non-accelerated Filer
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		17,640,120
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		89,835,825

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2018	Jan. 31, 2018
Current assets:
Cash and cash equivalents	$ 202,514	$ 48,208
Accounts receivable, net of allowance for doubtful accounts of $2,914 and $3,292 as of April 30, 2018 and January 31, 2018, respectively	45,388	49,764
Restricted cash, current portion	220
Prepaid expenses and other current assets	8,780	9,302
Total current assets	256,902	107,274
Property and equipment, net	10,923	10,204
Restricted cash, net of current portion	4,935	5,155
Purchased intangibles, net	10,610	11,292
Goodwill	20,614	20,614
Other assets	2,822	827
Total assets	306,806	155,366
Current liabilities:
Accounts payable	3,466	2,572
Accrued expenses and other current liabilities	27,825	24,496
Accrued employee liabilities	17,383	17,701
Lease obligation, current portion	967	1,066
Debt, current portion	4,167	2,917
Deferred revenue, current portion	67,605	66,058
Total current liabilities	121,413	114,810
Debt, net of current portion	10,803	12,052
Deferred revenue, net of current portion	424	346
Lease obligation, net of current portion	187	324
Other long-term liabilities	1,717	1,168
Total liabilities	134,544	128,700
Commitments and contingencies (note 13)
Stockholders' equity:
Convertible preferred stock		6
Additional paid-in capital	455,610	286,152
Related party receivable	(5,619)	(1,281)
Accumulated comprehensive loss	392	471
Accumulated deficit	(278,132)	(258,685)
Total stockholders' equity	172,262	26,666
Total liabilities and stockholders' equity	306,806	155,366
Common Class A [Member]
Stockholders' equity:
Common stock	1
Common Class B [Member]
Stockholders' equity:
Common stock	$ 10	$ 3

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2018	Jan. 31, 2018
Allowance for doubtful accounts	$ 2,914	$ 3,292

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Revenue:
Subscription	$ 36,114	$ 26,055
Professional services	15,630	6,284
Total revenue	51,744	32,339
Cost of revenue:
Subscription	9,865	6,035
Professional services	16,153	6,774
Total cost of revenue	26,018	12,809
Gross profit	25,726	19,530
Operating expenses:
Research and development	12,062	7,877
Sales and marketing	22,837	14,952
General and administrative	9,411	4,679
Total operating expenses	44,310	27,508
Loss from operations	(18,584)	(7,978)
Interest and other (expense) income, net	(673)	(16)
Loss before income taxes	(19,257)	(7,994)
Income tax provision	(190)	(132)
Net loss	(19,447)	(8,126)
Comprehensive loss:
Foreign currency translation adjustment	(78)	166
Comprehensive loss	$ (19,525)	$ (7,960)
Net loss per share attributable to common stockholders, basic and diluted	$ (0.43)	$ (0.33)
Weighted-average shares outstanding used in calculating net loss per share attributable to common stockholders, basic and diluted	44,886	24,986

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows $ in Thousands	3 Months Ended
	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)
Cash flows from operating activities:
Net loss	$ (19,447)	$ (8,126)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,953	1,427
Stock-based compensation	4,601	1,154
Provision for doubtful accounts	1,195	345
Changes in operating assets and liabilities:
Accounts receivable	3,181	(363)
Prepaid expenses and other current assets	(1,932)	(242)
Other assets	(1,995)	(25)
Accounts payable	1,030	(1,105)
Accrued expenses and other current liabilities	1,936	932
Accrued employee liabilities	(318)	266
Deferred revenue	1,625	1,435
Other long-term liabilities	345	(56)
Net cash used in operating activities	(7,826)	(4,358)
Cash flows from investing activities:
Purchases of property and equipment	(1,764)	(711)
Net cash used in investing activities	(1,764)	(711)
Cash flows from financing activities:
Payments under capital leases	(236)	(535)
Proceeds from issuance of common stock upon exercise of stock options	5,749	1,305
Payments of offering costs	(1,892)
Proceeds from initial public offering costs, net of underwriters' discounts and commissions	164,703
Payments under related party notes receivable	(4,344)
Repurchases of unvested common stock	(6)
Net cash provided by financing activities	163,974	770
Effect of exchange rates on cash and cash equivalents and restricted cash	(78)	166
Net increase (decrease) in cash and cash equivalents and restricted cash	154,306	(4,133)
Cash and cash equivalents and restricted cash, beginning of period	53,363	77,882
Cash and cash equivalents and restricted cash, end of period	207,669	73,749
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment acquired under capital leases		488
Lapse in restrictions on early exercised common stock options	833	156
Property and equipment purchases in accounts payable	35	31
Deferred offering costs payable or accrued but not paid	2,181
Reconciliation of cash and cash equivalents and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:
Cash and cash equivalents	202,514	68,594
Restricted cash, current	220
Restricted cash, net of current portion	$ 4,935	$ 5,155

Overview and Basis of Presentat

Overview and Basis of Presentation	3 Months Ended
	Apr. 30, 2018
Overview and Basis of Presentation	Note 1. Overview and Basis of Presentation Description of Business Zuora, Inc. was incorporated in the state of Delaware in 2006 and began operations in 2007. Zuora’s fiscal year ends on January 31. Zuora is headquartered in San Mateo, California. The Company provides cloud-based software on a subscription basis that enables any company in any industry to successfully launch, manage, and transform into, a subscription business. Architected specifically for dynamic, recurring subscription business models, Zuora functions as an intelligent hub that automates and orchestrates the entire subscription order-to-cash References to Zuora, “Company”, “our”, or “we” in these notes refer to Zuora, Inc. and its subsidiaries on a consolidated basis. Initial Public Offering In April 2018, the Company completed an initial public offering (IPO), in which the Company issued and sold an aggregate of 12.7 million shares of its newly authorized Class A common stock at a price to the public of $14.00 per share. The shares sold included 1.7 million shares pursuant to the exercise by the underwriters of an option to purchase additional shares at a price of $14.00 per share less underwriting discounts and commissions. The Company received aggregate net proceeds of $162.2 million from the IPO after deducting underwriting discounts and commissions and payments of offering costs through April 30, 2018. Prior to the completion of the IPO, all shares of common stock then outstanding were reclassified as Class B common stock, and all shares of convertible preferred stock outstanding immediately prior to the IPO were converted into 62.0 million shares of Class B common stock on a one-to-one As of April 30, 2018, 12.7 million shares of the Company’s Class A common stock and 94.5 million shares of Class B common stock were outstanding. Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements, which include the accounts of the Company and its wholly owned subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States (U.S. GAAP) and applicable rules and regulations of the Securities and Exchange Commission (SEC) regarding interim financial reporting. All intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated balance sheet as of January 31, 2018 included herein was derived from the audited financial statements as of that date, but does not include all disclosures including certain notes required by U.S. GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheet, statements of comprehensive loss and cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year ending January 31, 2019 or any future period. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company’s final prospectus dated April 11, 2018 (Prospectus) filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended. Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, as well as reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. The Company’s most significant estimates and assumptions are related to revenue recognition with respect to the determination of the relative selling prices for the Company’s services; determination of the fair value of the Company’s common stock for valuation of the Company’s stock-based awards issued prior to the completion of the IPO; valuation of the Company’s stock-based awards; estimates of allowance for doubtful accounts; estimates of the fair value of goodwill, intangible assets and other long-lived assets; and the valuation of deferred income tax assets and contingencies. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may differ materially from these estimates under different assumptions or conditions.

Summary of Significant Accounti

Summary of Significant Accounting Policies and Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2018
Summary of Significant Accounting Policies and Recent Accounting Pronouncements	Note 2. Summary of Significant Accounting Policies and Recent Accounting Pronouncements The Company’s significant accounting policies are discussed in “Index to Consolidated Financial Statements-Note 1. Summary of Business and Significant Accounting Policies” in the Prospectus. There have been no significant changes to these policies during the three months ended April 30, 2018, except as noted below. Stock-Based Compensation All stock-based compensation to employees, including the purchase rights issued under the Company’s 2018 Employee Stock Purchase Plan (ESPP), is based on the fair value of the awards on the date of grant. This fair value is recognized as an expense following the straight-line attribution method over the requisite service period of the entire award for stock options, restricted stock units (RSUs) and restricted stock; and over the offering period for the purchase rights issued under the ESPP. The Company uses the Black-Scholes option pricing model to measure the fair value of its stock options and the purchase rights issued under the ESPP. The fair value of the RSUs and restricted stock is determined using the fair value of the Company’s Class A common stock on the date of grant. Prior to the IPO, the fair value of the Company’s common stock was determined by the estimated fair value of the Company’s common stock at the time of grant. After the IPO, the Company uses the closing price of its Class A common stock on the date of grant for the fair value. Stock-based compensation expense is recorded net of estimated forfeitures in the Company’s unaudited condensed consolidated statements of comprehensive loss. Recent Accounting Pronouncements—Not Yet Adopted The Jumpstart Our Business Startups Act (JOBS Act) allows the Company, as an “emerging growth company,” to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election. In May 2014, the Financial Accounting Standards Board (FASB) issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) 2014-09) 2014-09, 2014-09 2014-09 The adoption also affects the deferral of incremental commission costs of obtaining subscription contracts, which previously were expensed as incurred. Under the new standard, the Company will defer all incremental commission costs to obtain the contract and amortize them over the expected period of benefit. The Company is currently assessing the expected period of benefit. In addition, the new standard will expand the disclosures to be made in the Company’s consolidated financial statements, including disaggregation of revenue, information on contract balances, deferred contract acquisition costs, performance obligations, and remaining performance obligations. In January 2016, the FASB issued ASU No. 2016-01 825-10), Financial Instruments—Overall: Recognition and Measurement of Financial Assets and Financial Liabilities 2016-01), available-for-sale 2016-01 2016-01 In February 2016, the FASB issued ASU No. 2016-02 Leases 2016-02), right-of-use 2016-02 2016-02 In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 2018-02). 2018-02 2018-02 Recent Accounting Pronouncements—Adopted The Company adopted ASU No. 2016-09 Improvements to Employee Share-Based Payments Accounting 2016-09), In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows, Restricted Cash 2016-18), 2016-18 2016-18 In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business 2017-01), 2017-01 In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment 2017-04), 2017-04 In May 2017, the FASB issued ASU No. 2017-09, Compensation-Stock Compensation (Topic 718) Scope of Modification Accounting 2017-09), 2017-09

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	3 Months Ended
	Apr. 30, 2018
Prepaid Expenses and Other Current Assets	Note 3. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): As of April 30, 2018 January 31, 2018 Prepaid software subscriptions $ 3,210 $ 3,239 Capitalized offering costs — 2,460 Prepaid rent 472 657 Taxes 374 533 Prepaid hosting costs 882 486 Short-term deposits 484 480 Prepaid insurance 1,758 445 Prepaid employee-related costs 286 132 Other 1,314 870 Total $ 8,780 $ 9,302

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2018
Fair Value Measurements	Note 4. Fair Value Measurements The carrying amounts of the Company’s financial instruments, which include cash and cash equivalents, restricted cash, accounts receivable, accounts payable, other accrued expenses, debt and capital lease obligations, approximate their fair values due to their relatively short maturity, and in the case of leases, market interest rates. The accounting guidance for fair value measurements establishes a three-tier hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value as follows: Level input Input definition Level 1 Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability through corroboration with market data at the measurement date Level 3 Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date In general, and where applicable, the Company uses quoted prices in active markets for identical assets or liabilities to determine fair value. If quoted prices in active markets for identical assets or liabilities are not available to determine fair value, then the Company uses quoted prices for similar assets and liabilities or inputs other than the quoted prices that are observable either directly or indirectly. The Company does not have any significant assets or liabilities that utilize Level 2 or Level 3 (unobservable) inputs. As of April 30, 2018 and as of January 31, 2018, the Company held cash equivalents and restricted cash of approximately $186.3 million and $35.1 million, respectively, in money market funds measured at fair value using Level 1 inputs.

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Apr. 30, 2018
Property and Equipment, Net	Note 5. Property and Equipment, Net Property and equipment (in thousands) consisted of the following: As of April 30, 2018 January 31, 2018 Servers $ 11,602 $ 11,283 Computer equipment 7,755 6,885 Software 7,765 7,148 Leasehold improvements 2,023 1,968 Furniture and fixtures 1,576 1,446 Vehicles 24 25 30,745 28,755 Less accumulated depreciation and amortization (19,822 ) (18,551 ) Total $ 10,923 $ 10,204 Depreciation and amortization expense was $1.3 million and $1.2 million for the three months ended April 30, 2018 and 2017, respectively, and is included in operating expenses and cost of revenue in the accompanying unaudited condensed consolidated statements of comprehensive loss. Internal-use

Purchased Intangible Assets

Purchased Intangible Assets	3 Months Ended
	Apr. 30, 2018
Purchased Intangible Assets	Note 6. Purchased Intangible Assets The following table summarizes the purchased intangible asset balances (in thousands): As of April 30, 2018 Gross Accumulated Net Carrying Developed technology $ 7,697 $ (3,130 ) $ 4,567 Customer relationships 5,933 (680 ) 5,253 Trade names 909 (119 ) 790 Total $ 14,539 $ (3,929 ) $ 10,610 As of January 31, 2018 Gross Accumulated Net Carrying Developed technology $ 7,697 $ (2,666 ) $ 5,031 Customer relationships 5,933 (494 ) 5,439 Trade names 909 (87 ) 822 Total $ 14,539 $ (3,247 ) $ 11,292 Amortization expense related to purchased intangible assets was approximately $0.7 million and $0.2 million for the three months ended April 30, 2018 and 2017, respectively, and is included in cost of subscription revenue in the accompanying unaudited condensed consolidated statements of comprehensive loss.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Apr. 30, 2018
Accrued Expenses and Other Current Liabilities	Note 7. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): As of April 30, 2018 January 31, 2018 Accrued acquisition-related payments $ 12,558 $ 12,558 Accrued goods and services taxes 2,488 2,488 Accrued outside services and consulting 2,697 2,006 Accrued IPO-related 1,274 1,120 Accrued legal fees 324 828 Employee early exercised stock options 1,222 556 Accrued sales and use tax liability 477 431 Accrued foreign income taxes 351 221 Other accrued expenses 6,434 4,288 Total $ 27,825 $ 24,496

Other Long-Term Liabilities

Other Long-Term Liabilities	3 Months Ended
	Apr. 30, 2018
Other Long-Term Liabilities	Note 8. Other Long-Term Liabilities Other long-term liabilities consisted of the following (in thousands): As of April 30, 2018 January 31, 2018 Long-term income taxes payable $ 469 $ 472 Deferred rent, net of current portion 682 356 Early exercised common stock options 344 139 Other 222 201 Total $ 1,717 $ 1,168

Debt

Debt	3 Months Ended
	Apr. 30, 2018
Debt	Note 9. Debt On June 14, 2017, the Company entered into a Loan and Security Agreement (Debt Agreement) with Silicon Valley Bank. The Debt Agreement established a revolving loan and a term loan facility in the amount of $10.0 million and $30.0 million, respectively. Revolving Loan. Term Loan. Both the revolving loan and the term loan are subject to a certain financial covenant to maintain an adjusted quick ratio of no less than 1.10:1.00. As of April 30, 2018, the Company was in compliance with this financial covenant. The Debt Agreement also imposes certain limitations with respect to lines of business, mergers, investments and acquisitions, additional indebtedness, distributions, guarantees, liens, and encumbrances. The Company was also in compliance with these restrictions as of April 30, 2018. The Company incurred transaction costs and fees payable to the lender related to the issuance of the term loan. The amount, net of amortization, is immaterial and is presented as a reduction to the carrying amount of the term loan and is presented under debt in the Company’s condensed consolidated balance sheets. The Company’s indebtedness under the Debt Agreement is secured by a lien on substantially all of its assets, including its intellectual property.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2018
Income Taxes	Note 10. Income Taxes For the three months ended April 30, 2018 and 2017, the Company recorded a tax provision of $0.2 million and $0.1 million on pretax loss of $19.3 million and $8.0 million, respectively. The effective tax rates for the three month periods ended April 30, 2018 and 2017 were (1.00)% and (1.65)%, respectively. The effective tax rates differ from the statutory rates primarily as a result of providing no benefit on pretax losses incurred in the United States, as the Company has determined that the benefit of the losses is not more likely than not to be realized. On December 22, 2017, the Tax Act was signed into law, most provisions of which became effective starting in 2018, including the reduction of the statutory corporate income tax rate from 35% to 21%. As of April 30, 2018, the Company had not completed its accounting for the tax effects of enactment of the Tax Act; however, in the three months ended January 31, 2018, the Company made a reasonable estimate of the effects on its existing deferred tax balances and the one-time

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Apr. 30, 2018
Stockholders' Equity	Note 11. Stockholders’ Equity Convertible Preferred Stock Immediately prior to the completion of the IPO, all shares of convertible preferred stock then outstanding were converted into 62.0 million shares of Class B common stock on a one-to-one Common Stock Prior to the IPO, all shares of common stock then outstanding were reclassified into Class B common stock. Shares offered and sold in the IPO consisted of newly authorized shares of Class A common stock. As of April 30, 2018, the Company had authorized 500.0 million shares of Class A common stock and 500.0 million shares of Class B common stock, each with a par value of $0.0001 per share. As of April 30, 2018, 12.7 million shares of Class A common stock and 94.5 million shares of Class B common stock were issued and outstanding. Holders of Class A and Class B common stock are entitled to one vote per share and ten votes per share, respectively, and the shares of Class A common stock and Class B common stock are identical, except for voting and conversion rights.

Employee Stock Plans

Employee Stock Plans	3 Months Ended
	Apr. 30, 2018
Employee Stock Plans	Note 12. Employee Stock Plans Equity Incentive Plans In March 2018, the Company’s board of directors adopted and its stockholders approved the 2018 Equity Incentive Plan (2018 Plan). The 2018 Plan authorizes the award of stock options, restricted stock awards, stock appreciation rights, RSUs, performance awards, and stock bonuses. As of April 30, 2018, approximately 8.8 million shares of Class A common stock were reserved and available for issuance under the 2018 Plan. In addition, as of April 30, 2018, 17.7 million options and RSUs exercisable or settleable for Class B common stock were outstanding in the aggregate under the Company’s 2006 Stock Plan (2006 Plan) and 2015 Equity Incentive Plan (2015 Plan), which plans were terminated in May 2015 and April 2018, respectively. The 2006 Plan and 2015 Plan continue to govern outstanding equity awards granted thereunder. Stock Options The following table summarizes stock option activity and related information is as follows (in thousands except exercise price and contractual term): Shares Weighted Average Aggregate Balance as of January 31, 2018 15,401 $ 3.56 7.91 $ 83,322 Granted 3,550 7.94 — Exercised (1,968 ) 2.94 — 12,003 Forfeited (139 ) 4.88 — Balance as of April 30, 2018 16,844 4.55 8.23 247,813 Exercisable as of April 30, 2018 16,067 4.50 8.18 237,074 Vested and expected to vest as of April 30, 2018 14,657 4.40 8.11 217,787 The weighted average grant date fair value of options granted during the three months ended April 30, 2018 and 2017 was $6.75 and $1.42 respectively. The aggregate intrinsic value of options exercised during the three months ended April 30, 2018 and 2017 was $12.0 million and $1.3 million, respectively. As of April 30, 2018, there was $29.6 million of unrecognized compensation cost related to unvested stock options, which is expected to be recognized over the next 3.26 years. The Company used the Black-Scholes option-pricing model to estimate the fair value of its stock options granted with the following assumptions: Three Months Ended April 30, 2018 2017 Fair value of common stock $ 12.28 $ 3.28 - 3.58 Expected volatility 39.23% - 40.86% 40.00% - 42.62% Expected term (years) 5.06 - 6.44 5.14 - 6.99 Risk-free interest rate 2.62% - 2.73% 1.89% - 2.26% Expected dividend yield — — Options Subject to Early Exercise At the discretion of the board of directors, certain options may be exercisable immediately at the date of grant but are subject to a repurchase right, under which the Company may buy back any unvested shares at the lower of their original exercise price or then current fair market value in the event of an employee’s termination prior to vesting. The consideration received for an exercise of an unvested option is considered to be a deposit of the exercise price and the related dollar amount is recorded as a liability. The liabilities are reclassified into equity as the awards vest. As of April 30, 2018 and January 31, 2018, the Company had $1.6 million and $0.7 million, respectively, recorded in accrued expenses and other current liabilities, and other long-term liabilities, related to early exercises of options to acquire 0.4 million and 0.2 million shares of Class B common stock, respectively. Restricted Stock and RSU Activity The Company did not grant any RSUs or restricted stock during the three months ended April 30, 2018. As of April 30, 2018, there was $10.7 million of unrecognized compensation cost related to unvested RSUs and restricted stock, which is expected to be recognized over the next 2.27 years. 2018 Employee Stock Purchase Plan In March 2018, the Company adopted the 2018 Employee Stock Purchase Plan (ESPP), which became effective on the date of the Prospectus. The ESPP initially reserved and authorized the issuance of up to a total of 2.4 million shares of Class A common stock to participating employees. The initial offering period began April 11, 2018 and will end on June 14, 2020 with purchase dates of December 14, 2018, June 14, 2019, December 14, 2019 and June 14, 2020. Except for the initial offering period, the ESPP provides for 24-month six-month As of April 30, 2018, there was approximately $6.0 million of unrecognized stock-based compensation expense related to the ESPP that is expected to be recognized over the remaining term of the initial offering period. The Company estimated the fair value of ESPP purchase rights using a Black-Scholes option pricing model with the following assumptions: Three Months Ended Fair value of common stock $ 14.00 Expected volatility 26.64% - 29.93% Expected term (in years) 0.68 - 2.18 Risk-free interest rate 2.01% - 2.36% Expected dividend yield — Stock-Based Compensation Expense Stock-based compensation expense was recorded in the following cost and expense categories in the Company’s unaudited condensed consolidated statements of comprehensive loss (in thousands): Three Months Ended 2018 2017 Cost of subscription revenue $ 323 $ 88 Cost of professional services revenue 1,031 140 Research and development 1,048 329 Sales and marketing 1,590 406 General and administrative 609 191 Total stock-based compensation expense $ 4,601 $ 1,154

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2018
Commitments and Contingencies	Note 13. Commitments and Contingencies (a) Leases The Company periodically leases facilities and equipment under noncancelable capital and operating leases. The terms of the lease agreements may provide for rental payments on a graduated basis, and accordingly, the Company recognizes related rent expense on a straight-line basis over the entire lease term, and has accrued for rent expense incurred but not paid. The Company has capital lease agreements with a lender to use data center equipment and related software. The lease agreements provide the Company the ability to finance its equipment purchases over an extended period of time. At the end of the term, the Company must return the equipment to the lender. In some cases, the Company has the ability to purchase the equipment at its then current fair market value. In connection with the equipment financing agreement, the Company’s bank issued letters of credit of $4.4 million as of April 30, 2018, classified as restricted cash on its unaudited condensed consolidated balance sheet. As of April 30, 2018, the Company had operating leases for its offices in the United States and other locations around the world. The Company also had operating leases for facilities related to its U.S. data centers in Las Vegas, Nevada and Santa Clara, California. The initial lease term for these facilities ranged from three to seven years and includes approximately 124,000 square feet of space. In connection with these leased facilities, the Company’s bank issued irrevocable letters of credit on the leases of $0.8 million as of April 30, 2018, classified as restricted cash on the Company’s unaudited condensed consolidated balance sheet. Certain facility lease agreements contain allowances, rent holidays, and escalation provisions. For these leases, the Company recognizes the related rental expense on a straight-line basis over the lease period of the facility and records the difference between amounts charged to operations and amounts paid as deferred rent. Deferred rent was $0.9 million and $1.0 million as of April 30, 2018 and January 31, 2018, respectively, and is included in accrued expenses and other current liabilities and other long-term liabilities in the condensed consolidated balance sheets. Rent expense was $1.8 million and $1.3 million for the three months ended April 30, 2018 and 2017, respectively. In April 2018, the Company entered into a new operating lease agreement for 9,611 square feet of office space located in London, England. Total lease payments are approximately $4.9 million over a contractual term of five years. (b) Legal Matters The Company may be subject to legal proceedings, as well as demands, claims and threatened litigation that arise in the normal course of its business. Although the results of litigation and claims cannot be predicted with certainty, the Company currently believes that the final outcome of such matters will not have a material adverse effect on the Company’s results of operations or financial condition. (c) Other Contractual Obligations As of April 30, 2018, the Company had a contractual obligation to pay $12.6 million in connection with the acquisition of Leeyo that was paid in May 2018. The Company also has a contractual obligation to purchase $2.2 million in web hosting services from one of its vendors by September 30, 2018.

Net Loss Per Share Attributable

Net Loss Per Share Attributable to Common Stockholders	3 Months Ended
	Apr. 30, 2018
Net Loss Per Share Attributable to Common Stockholders	Note 14. Net Loss Per Share Attributable to Common Stockholders Basic and diluted net loss per common share is presented in conformity with the two-class method required for participating securities. Class A and Class B common stock are the only outstanding equity in the Company. 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 ten 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, and are automatically converted into Class A common stock upon sale or transfer, subject to certain limited exceptions. Basic net loss per share attributable to common stockholders is computed using the weighted-average number of common shares outstanding during the period. Diluted net loss per share attributable to common stockholders is computed using the weighted-average number of common shares and, if dilutive, potential common shares outstanding during the period. The dilutive effect of these potential common shares is reflected in diluted earnings per share by application of the treasury stock method. The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except per share data): Three Months Ended 2018 2017 Numerator: Net loss $ (19,447 ) $ (8,126 ) Denominator: Weighted-average common shares outstanding, basic and diluted 44,886 24,986 Net loss per share attributable to common stockholders, basic and diluted $ (0.43 ) $ (0.33 ) Since the Company was in a loss position for all periods presented, basic net loss per share attributable to common stockholders is the same as diluted net loss per share attributable to common stockholders as the inclusion of all potential common shares outstanding would have been anti-dilutive. No ESPP contributions were received in the three months ended April 30, 2018 and thus there was no impact to diluted net loss per share attributable to common stockholders. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands): Three Months 2018 2017 Conversion of convertible preferred stock — 61,984 Issued and outstanding stock options 16,844 15,401 Unvested restricted stock issued and outstanding 1,967 2,203 Unvested RSUs issued and outstanding 828 834 Total 19,639 80,422

Related Party Transactions

Related Party Transactions	3 Months Ended
	Apr. 30, 2018
Related Party Transactions	Note 15. Related Party Transactions Certain members of the Company’s Board of Directors serve or are closely affiliated with people who serve on the Board of Directors of companies that are customers or vendors of the Company. Certain of the Company’s executive officers also serve on the Board of Directors of companies that are customers or vendors of the Company. Related party transactions were not material as of and for the three months ended April 30, 2018. In April 2018, the Company paid $4.4 million of taxes owed in connection with restricted stock granted to two employees in exchange for full-recourse promissory notes. The notes are secured by 4.6 million shares of restricted common stock. The notes accrue interest at a rate of 2.72% and will become payable in full upon the earlier of: (i) a change in control or (ii) January 12, 2019. Consistent with ASC 505-10-45, 5-02.30 S-X

Subsequent Events

Subsequent Events	3 Months Ended
	Apr. 30, 2018
Subsequent Events	Note 16. Subsequent Events Office Lease In May 2018, the Company entered into a new operating lease agreement for 34,487 square feet of office space located in San Francisco, California that will replace its existing office in San Francisco. Total lease payments are approximately $15.2 million over a contractual term of six years. Contractual Obligations and Debt Borrowings As of April 30, 2018, the Company had a contractual obligation to pay $12.6 million in connection with the acquisition of Leeyo. In May 2018, the Company paid this obligation in full.

Overview and Basis of Present22

Overview and Basis of Presentation (Policies)	3 Months Ended
	Apr. 30, 2018
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the consolidated financial statements, as well as reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. The Company’s most significant estimates and assumptions are related to revenue recognition with respect to the determination of the relative selling prices for the Company’s services; determination of the fair value of the Company’s common stock for valuation of the Company’s stock-based awards issued prior to the completion of the IPO; valuation of the Company’s stock-based awards; estimates of allowance for doubtful accounts; estimates of the fair value of goodwill, intangible assets and other long-lived assets; and the valuation of deferred income tax assets and contingencies. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may differ materially from these estimates under different assumptions or conditions.
Stock-Based Compensation	Stock-Based Compensation All stock-based compensation to employees, including the purchase rights issued under the Company’s 2018 Employee Stock Purchase Plan (ESPP), is based on the fair value of the awards on the date of grant. This fair value is recognized as an expense following the straight-line attribution method over the requisite service period of the entire award for stock options, restricted stock units (RSUs) and restricted stock; and over the offering period for the purchase rights issued under the ESPP. The Company uses the Black-Scholes option pricing model to measure the fair value of its stock options and the purchase rights issued under the ESPP. The fair value of the RSUs and restricted stock is determined using the fair value of the Company’s Class A common stock on the date of grant. Prior to the IPO, the fair value of the Company’s common stock was determined by the estimated fair value of the Company’s common stock at the time of grant. After the IPO, the Company uses the closing price of its Class A common stock on the date of grant for the fair value. Stock-based compensation expense is recorded net of estimated forfeitures in the Company’s unaudited condensed consolidated statements of comprehensive loss.
Recent Accounting Pronouncements	Recent Accounting Pronouncements—Not Yet Adopted The Jumpstart Our Business Startups Act (JOBS Act) allows the Company, as an “emerging growth company,” to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. The Company has elected to use this extended transition period under the JOBS Act. The adoption dates discussed below reflect this election. In May 2014, the Financial Accounting Standards Board (FASB) issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) 2014-09) 2014-09, 2014-09 2014-09 The adoption also affects the deferral of incremental commission costs of obtaining subscription contracts, which previously were expensed as incurred. Under the new standard, the Company will defer all incremental commission costs to obtain the contract and amortize them over the expected period of benefit. The Company is currently assessing the expected period of benefit. In addition, the new standard will expand the disclosures to be made in the Company’s consolidated financial statements, including disaggregation of revenue, information on contract balances, deferred contract acquisition costs, performance obligations, and remaining performance obligations. In January 2016, the FASB issued ASU No. 2016-01 825-10), Financial Instruments—Overall: Recognition and Measurement of Financial Assets and Financial Liabilities 2016-01), available-for-sale 2016-01 2016-01 In February 2016, the FASB issued ASU No. 2016-02 Leases 2016-02), right-of-use 2016-02 2016-02 In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 2018-02). 2018-02 2018-02 Recent Accounting Pronouncements—Adopted The Company adopted ASU No. 2016-09 Improvements to Employee Share-Based Payments Accounting 2016-09), In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows, Restricted Cash 2016-18), 2016-18 2016-18 In January 2017, the FASB issued ASU No. 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business 2017-01), 2017-01 In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment 2017-04), 2017-04 In May 2017, the FASB issued ASU No. 2017-09, Compensation-Stock Compensation (Topic 718) Scope of Modification Accounting 2017-09), 2017-09

Prepaid Expenses and Other Cu23

Prepaid Expenses and Other Current Assets (Tables)	3 Months Ended
	Apr. 30, 2018
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): As of April 30, 2018 January 31, 2018 Prepaid software subscriptions $ 3,210 $ 3,239 Capitalized offering costs — 2,460 Prepaid rent 472 657 Taxes 374 533 Prepaid hosting costs 882 486 Short-term deposits 484 480 Prepaid insurance 1,758 445 Prepaid employee-related costs 286 132 Other 1,314 870 Total $ 8,780 $ 9,302

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Apr. 30, 2018
Schedule of Property and Equipment, Net	Property and equipment (in thousands) consisted of the following: As of April 30, 2018 January 31, 2018 Servers $ 11,602 $ 11,283 Computer equipment 7,755 6,885 Software 7,765 7,148 Leasehold improvements 2,023 1,968 Furniture and fixtures 1,576 1,446 Vehicles 24 25 30,745 28,755 Less accumulated depreciation and amortization (19,822 ) (18,551 ) Total $ 10,923 $ 10,204

Purchased Intangible Assets (Ta

Purchased Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2018
Summary of Purchased Intangible Assets	The following table summarizes the purchased intangible asset balances (in thousands): As of April 30, 2018 Gross Accumulated Net Carrying Developed technology $ 7,697 $ (3,130 ) $ 4,567 Customer relationships 5,933 (680 ) 5,253 Trade names 909 (119 ) 790 Total $ 14,539 $ (3,929 ) $ 10,610 As of January 31, 2018 Gross Accumulated Net Carrying Developed technology $ 7,697 $ (2,666 ) $ 5,031 Customer relationships 5,933 (494 ) 5,439 Trade names 909 (87 ) 822 Total $ 14,539 $ (3,247 ) $ 11,292

Accrued Expenses and Other Cu26

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Apr. 30, 2018
Summary of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following (in thousands): As of April 30, 2018 January 31, 2018 Accrued acquisition-related payments $ 12,558 $ 12,558 Accrued goods and services taxes 2,488 2,488 Accrued outside services and consulting 2,697 2,006 Accrued IPO-related 1,274 1,120 Accrued legal fees 324 828 Employee early exercised stock options 1,222 556 Accrued sales and use tax liability 477 431 Accrued foreign income taxes 351 221 Other accrued expenses 6,434 4,288 Total $ 27,825 $ 24,496

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	3 Months Ended
	Apr. 30, 2018
Summary of Long-Term Liabilities	Other long-term liabilities consisted of the following (in thousands): As of April 30, 2018 January 31, 2018 Long-term income taxes payable $ 469 $ 472 Deferred rent, net of current portion 682 356 Early exercised common stock options 344 139 Other 222 201 Total $ 1,717 $ 1,168

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	3 Months Ended
	Apr. 30, 2018
Schedule of Stock Option Activity	The following table summarizes stock option activity and related information is as follows (in thousands except exercise price and contractual term): Shares Weighted Average Aggregate Balance as of January 31, 2018 15,401 $ 3.56 7.91 $ 83,322 Granted 3,550 7.94 — Exercised (1,968 ) 2.94 — 12,003 Forfeited (139 ) 4.88 — Balance as of April 30, 2018 16,844 4.55 8.23 247,813 Exercisable as of April 30, 2018 16,067 4.50 8.18 237,074 Vested and expected to vest as of April 30, 2018 14,657 4.40 8.11 217,787
Schedule of Estimated Fair Value of Stock Options	The Company used the Black-Scholes option-pricing model to estimate the fair value of its stock options granted with the following assumptions: Three Months Ended April 30, 2018 2017 Fair value of common stock $ 12.28 $ 3.28 - 3.58 Expected volatility 39.23% - 40.86% 40.00% - 42.62% Expected term (years) 5.06 - 6.44 5.14 - 6.99 Risk-free interest rate 2.62% - 2.73% 1.89% - 2.26% Expected dividend yield — —
Schedule of Estimated Fair Value of Employee Stock Purchase Plan	The Company estimated the fair value of ESPP purchase rights using a Black-Scholes option pricing model with the following assumptions: Three Months Ended Fair value of common stock $ 14.00 Expected volatility 26.64% - 29.93% Expected term (in years) 0.68 - 2.18 Risk-free interest rate 2.01% - 2.36% Expected dividend yield —
Schedule of Stock-based Compensation Expense	Stock-based compensation expense was recorded in the following cost and expense categories in the Company’s unaudited condensed consolidated statements of comprehensive loss (in thousands): Three Months Ended 2018 2017 Cost of subscription revenue $ 323 $ 88 Cost of professional services revenue 1,031 140 Research and development 1,048 329 Sales and marketing 1,590 406 General and administrative 609 191 Total stock-based compensation expense $ 4,601 $ 1,154

Net Loss Per Share Attributab29

Net Loss Per Share Attributable to Common Stockholders (Tables)	3 Months Ended
	Apr. 30, 2018
Summary of Basic and Diluted Net Loss Per Share	The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders for the periods presented (in thousands, except per share data): Three Months Ended 2018 2017 Numerator: Net loss $ (19,447 ) $ (8,126 ) Denominator: Weighted-average common shares outstanding, basic and diluted 44,886 24,986 Net loss per share attributable to common stockholders, basic and diluted $ (0.43 ) $ (0.33 )
Schedule of Potential Dilutive Securities Not Included in the Diluted Per Share Calculations	Since the Company was in a loss position for all periods presented, basic net loss per share attributable to common stockholders is the same as diluted net loss per share attributable to common stockholders as the inclusion of all potential common shares outstanding would have been anti-dilutive. No ESPP contributions were received in the three months ended April 30, 2018 and thus there was no impact to diluted net loss per share attributable to common stockholders. Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows (in thousands): Three Months 2018 2017 Conversion of convertible preferred stock — 61,984 Issued and outstanding stock options 16,844 15,401 Unvested restricted stock issued and outstanding 1,967 2,203 Unvested RSUs issued and outstanding 828 834 Total 19,639 80,422

Overview and Basis of Present30

Overview and Basis of Presentation - Additional Information (Detail) $ / shares in Units, $ in Thousands, shares in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2018USD ($)$ / sharesshares	Apr. 30, 2018USD ($)$ / sharesshares
Overview and Basis of Presentation [Line Items]
Public offering price | $ / shares	$ 14	$ 14
Aggregate proceeds received, net | $		$ 164,703
Common Class A [Member]
Overview and Basis of Presentation [Line Items]
Common stock outstanding	12.7	12.7
Common Class B [Member]
Overview and Basis of Presentation [Line Items]
Common stock outstanding	94.5	94.5
IPO [Member]
Overview and Basis of Presentation [Line Items]
Shares issued and sold	12.7
Aggregate proceeds received, net | $	$ 162,200
Shares of common stock issued upon conversion of convertible preferred stock outstanding	62
Preferred stock conversion basis		One-to-one basis
Over-Allotment Option [Member]
Overview and Basis of Presentation [Line Items]
Shares issued and sold	1.7

Prepaid Expenses and Other Cu31

Prepaid Expenses and Other Current Assets - Schedule of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2018	Jan. 31, 2018
Prepaid Expenses and Other Current Assets [Line Items]
Prepaid software subscriptions	$ 3,210	$ 3,239
Capitalized offering costs		2,460
Prepaid rent	472	657
Taxes	374	533
Prepaid hosting costs	882	486
Short-term deposits	484	480
Prepaid insurance	1,758	445
Prepaid employee-related costs	286	132
Other	1,314	870
Total	$ 8,780	$ 9,302

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Apr. 30, 2018	Jan. 31, 2018
Fair Value, Inputs, Level 1 [Member] | Money Market Funds [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Cash equivalents and restricted cash	$ 186.3	$ 35.1

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Apr. 30, 2018	Jan. 31, 2018
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 30,745	$ 28,755
Less accumulated depreciation and amortization	(19,822)	(18,551)
Total	10,923	10,204
Servers [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	11,602	11,283
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	7,755	6,885
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	7,765	7,148
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	2,023	1,968
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	1,576	1,446
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 24	$ 25

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 1.3	$ 1.2
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Amortization expense	$ 0.3	$ 0.3

Purchased Intangible Assets - S

Purchased Intangible Assets - Summary of Purchased Intangible Assets (Detail) - USD ($) $ in Thousands	Apr. 30, 2018	Jan. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 14,539	$ 14,539
Accumulated amortization	(3,929)	(3,247)
Net carrying amount	10,610	11,292
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	7,697	7,697
Accumulated amortization	(3,130)	(2,666)
Net carrying amount	4,567	5,031
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	5,933	5,933
Accumulated amortization	(680)	(494)
Net carrying amount	5,253	5,439
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	909	909
Accumulated amortization	(119)	(87)
Net carrying amount	$ 790	$ 822

Purchased Intangible Assets - A

Purchased Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Purchased Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 0.7	$ 0.2

Accrued Expenses and Other Cu37

Accrued Expenses and Other Current Liabilities - Summary of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Apr. 30, 2018	Jan. 31, 2018
Accrued expenses and other current liabilities
Accrued acquisition-related payments	$ 12,558	$ 12,558
Accrued goods and services taxes	2,488	2,488
Accrued outside services and consulting	2,697	2,006
Accrued IPO-related costs	1,274	1,120
Accrued legal fees	324	828
Employee early exercised stock options	1,222	556
Accrued sales and use tax liability	477	431
Accrued foreign income taxes	351	221
Other accrued expenses	6,434	4,288
Total	$ 27,825	$ 24,496

Other Long-Term Liabilities - S

Other Long-Term Liabilities - Summary of Long-Term Liabilities (Detail) - USD ($) $ in Thousands	Apr. 30, 2018	Jan. 31, 2018
Other Long Term Liabilities [Line Items]
Long-term income taxes payable	$ 469	$ 472
Deferred rent, net of current portion	682	356
Early exercised common stock options	344	139
Other	222	201
Total	$ 1,717	$ 1,168

Debt - Additional Information (

Debt - Additional Information (Detail) - Silicon Valley Bank Debt Agreement [Member]	3 Months Ended
	Apr. 30, 2018USD ($)Payments	Jun. 14, 2017USD ($)
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Amount drawn under credit facility		$ 10,000,000
Line of credit maximum borrowing capacity	$ 10,000,000
Line of credit facility term from effective date of agreement	24 months
Line of credit facility expiration date	Jun. 14, 2019
Annual fee of the loan	$ 20,000
Term Loan [Member]
Line of Credit Facility [Line Items]
Amount drawn under credit facility	15,000,000	$ 30,000,000
Line of credit maximum borrowing capacity	30,000,000
Amount withdrawn from line of credit	15,000,000
Line of credit remaining borrowing capacity	$ 15,000,000
Variable interest rate basis	WSJ Prime rate plus 1.00%
Variable interest rate	1.00%
Effective interest rate	5.75%
Number of installments in line of credit facility | Payments	36,000,000
Frequency periodic payment	Monthly
Line of credit facility prepayment or termination fee percentage	1.50%
Maximum [Member]
Line of Credit Facility [Line Items]
Adjusted quick ratio	110.00%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Dec. 31, 2017
Income Tax Examination [Line Items]
Income tax provision	$ 190	$ 132
Loss before income taxes	$ (19,257)	$ (7,994)
Effective tax rates	(1.00%)	(1.65%)
Statutory corporate income tax rate			21.00%	35.00%

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail)	3 Months Ended
	Apr. 30, 2018$ / sharesshares
Class of Stock [Line Items]
Convertible preferred stock conversion basis	one-to-one
Common Class B [Member]
Class of Stock [Line Items]
Convertible preferred stock issued upon conversion	62,000,000
Common stock authorized	500,000,000
Common stock par value | $ / shares	$ 0.0001
Common stock issued	94,500,000
Common stock outstanding	94,500,000
Common Stock, voting rights	ten votes per share
Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock issued	0
Preferred stock outstanding	0
Common Class A [Member]
Class of Stock [Line Items]
Common stock authorized	500,000,000
Common stock par value | $ / shares	$ 0.0001
Common stock issued	12,700,000
Common stock outstanding	12,700,000
Common Stock, voting rights	one vote per share

Employee Stock Plans - Addition

Employee Stock Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jan. 31, 2018	Apr. 30, 2018	Apr. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of options granted		$ 6.75	$ 1.42
Aggregate intrinsic value of options exercised		$ 12,003	$ 1,300
Exercise of stock options, value		$ 237,074
Exercise of stock options, shares		1,968,000
Restricted Stock Unit and Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost		$ 10,700
Unrecognized compensation cost, recognition period		2 years 3 months 8 days
RSUs or restricted stock granted		0
2018 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of options granted		$ 14
Employee stock purchase plan, description		Except for the initial offering period, the ESPP provides for 24-month offering periods beginning June 15 and December 15 of each year, and each offering period will consist of four six-month purchase periods. On each purchase date, ESPP participants will purchase shares of the Company’s Class A common stock at a price per share equal to 85% of the lesser of (1) the fair market value of the Class A common stock on the offering date or (2) the fair market value of the Class A common stock on the purchase date.
Purchase price, percentage of fair market value		85.00%
Unrecognized stock-based compensation expense		$ 6,000
2018 Employee Stock Purchase Plan [Member] | Common Class A [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved and available for issuance		2,400,000
2006 and 2015 Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity incentive plans, options		17,700,000
2018 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved and available for issuance		8,800,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value of options granted		$ 12.28
Unrecognized compensation cost		$ 29,600
Unrecognized compensation cost, recognition period		3 years 3 months 3 days
Early Exercised Stock Options [Member] | Accrued Expenses and Other Current Liabilities [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise of stock options, value	$ 700	$ 1,600
Early Exercised Stock Options [Member] | Other Long-term Liabilities [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise of stock options, shares	200,000	400,000

Employee Stock Plans - Schedule

Employee Stock Plans - Schedule of Stock Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Subject To Outstanding Stock Options, Beginning balance	15,401
Shares Subject To Outstanding Stock Options, Granted	3,550
Shares Subject To Outstanding Stock Options, Exercised	(1,968)
Shares Subject To Outstanding Stock Options, Forfeited	(139)
Shares Subject To Outstanding Stock Options, Ending balance	16,844
Shares Subject To Outstanding Stock Options, Exercisable	16,067
Shares Subject To Outstanding Stock Options, Vested and expected to vest	14,657
Weighted Average Exercise Price, Beginning Balance	$ 3.56
Weighted Average Exercise Price, Granted	7.94
Weighted Average Exercise Price, Exercised	2.94
Weighted Average Exercise Price, Forfeited	4.88
Weighted Average Exercise Price, Ending Balance	4.55
Weighted Average Exercise Price, Exercisable	4.50
Weighted Average Exercise Price, Vested and expected to vest	$ 4.40
Average Remaining Contractual Term (Years), Outstanding	8 years 2 months 23 days		7 years 10 months 28 days
Average Remaining Contractual Term (Years), Exercisable	8 years 2 months 4 days
Average Remaining Contractual Term (Years), Vested and expected to vest	8 years 1 month 9 days
Aggregate Intrinsic Value, Beginning balance	$ 83,322
Aggregate Intrinsic Value, Exercised	12,003	$ 1,300
Aggregate Intrinsic Value, Ending balance	247,813
Aggregate Intrinsic Value, Exercisable	237,074
Aggregate Intrinsic Value, Vested and expected to vest	$ 217,787

Employee Stock Plans - Schedu44

Employee Stock Plans - Schedule of Estimated Fair Value of Stock Options (Detail) - $ / shares	3 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock	$ 6.75	$ 1.42
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock	$ 12.28
Expected dividend yield	0.00%	0.00%
Employee Stock Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock		$ 3.28
Expected volatility	39.23%	40.00%
Expected term (years)	5 years 22 days	5 years 1 month 20 days
Risk-free interest rate	2.62%	1.89%
Employee Stock Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock		$ 3.58
Expected volatility	40.86%	42.62%
Expected term (years)	6 years 5 months 9 days	6 years 11 months 26 days
Risk-free interest rate	2.73%	2.26%

Employee Stock Plans - Schedu45

Employee Stock Plans - Schedule of Estimated Fair Value of Employee Stock Purchase Plan (Detail) - $ / shares	3 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock	$ 6.75	$ 1.42
2018 Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of common stock	$ 14
Expected volatility, minimum	26.64%
Expected volatility, maximum	29.93%
Risk-free interest rate, minimum	2.01%
Risk-free interest rate, maximum	2.36%
Expected dividend yield	0.00%
2018 Employee Stock Purchase Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	8 months 5 days
2018 Employee Stock Purchase Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years 2 months 5 days

Employee Stock Plans - Schedu46

Employee Stock Plans - Schedule of Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Cost of Revenue
Total stock-based compensation expense	$ 4,601	$ 1,154
Cost of Subscription Revenues [Member]
Cost of Revenue
Total stock-based compensation expense	323	88
Cost of Professional Services Revenue [Member]
Cost of Revenue
Total stock-based compensation expense	1,031	140
Research and Development [Member]
Cost of Revenue
Total stock-based compensation expense	1,048	329
Selling and Marketing [Member]
Cost of Revenue
Total stock-based compensation expense	1,590	406
General and Administrative [Member]
Cost of Revenue
Total stock-based compensation expense	$ 609	$ 191

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	1 Months Ended	3 Months Ended
	Apr. 30, 2018USD ($)ft²	Apr. 30, 2018USD ($)ft²	Apr. 30, 2017USD ($)	Jan. 31, 2018USD ($)
Loss Contingencies [Line Items]
Deferred rent included in accrued expenses	$ 0.9	$ 0.9		$ 1
Rent expense		1.8	$ 1.3
Contractual obligation	12.6	12.6
Purchase obligation	2.2	2.2
Capital Lease Agreements [Member]
Loss Contingencies [Line Items]
Letters of credit issued	4.4	4.4
Operating Lease Agreement [Member]
Loss Contingencies [Line Items]
Letters of credit issued	$ 0.8	$ 0.8
Lease term	5 years
Operating leases, area | ft²	124,000	124,000
Total future lease payments	$ 4.9	$ 4.9
Operating Lease Agreement [Member] | London [Member]
Loss Contingencies [Line Items]
Operating leases, area | ft²	9,611	9,611
Minimum [Member] | Operating Lease Agreement [Member]
Loss Contingencies [Line Items]
Lease term		3 years
Maximum [Member] | Operating Lease Agreement [Member]
Loss Contingencies [Line Items]
Lease term		7 years

Net Loss Per Share Attributab48

Net Loss Per Share Attributable to Common Stockholders - Summary of Basic and Diluted Net Loss Per Share Attributable to Common Stockholders (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Numerator:
Net loss	$ (19,447)	$ (8,126)
Denominator:
Weighted-average common shares outstanding, basic and diluted	44,886	24,986
Net loss per share attributable to common stockholders, basic and diluted	$ (0.43)	$ (0.33)

Net Loss Per Share Attributab49

Net Loss Per Share Attributable to Common Stockholders - Schedule of Potential Dilutive Securities Not Included in the Diluted Per Share Calculations (Detail) - shares shares in Thousands	3 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Dilutive Securities Included And Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share	19,639	80,422
Convertible Preferred Stock [Member]
Dilutive Securities Included And Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share		61,984
Employee Stock Option [Member]
Dilutive Securities Included And Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share	16,844	15,401
Unvested Restricted Stock [Member]
Dilutive Securities Included And Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share	1,967	2,203
Unvested RSUs Issued and Outstanding [Member]
Dilutive Securities Included And Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities not included in the diluted per share	828	834

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Two Employees [Member] shares in Millions, $ in Millions	1 Months Ended
	Apr. 30, 2018USD ($)shares
Related Party Transaction [Line Items]
Payment for tax owned with respect to restricted stock options | $	$ 4.4
Promissory Note [Member]
Related Party Transaction [Line Items]
Notes interest rate	2.72%
Promissory Note [Member] | Restricted Common Stock Issued and Outstanding [Member]
Related Party Transaction [Line Items]
Number of restricted common stock that secure promissory notes | shares	4.6

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ in Millions	1 Months Ended
	May 31, 2018USD ($)ft²	Apr. 30, 2018USD ($)
Leeyo Software Inc [Member]
Subsequent Event [Line Items]
Contractual obligation		$ 12.6
Subsequent Event [Member]
Subsequent Event [Line Items]
Area of new operating lease | ft²	34,487
Total future lease payments	$ 15.2
Term of lease	6 years