AppFolio (APPF) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Sep. 30, 2015	Oct. 25, 2015
Document Information [Line Items]
Entity Registrant Name	APPFOLIO INC
Entity Central Index Key	1,433,195
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding, Class A		7,821,666
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding, Class A		25,707,270

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 11,758	$ 5,412
Investment securities—current	28,151	0
Accounts receivable, net	2,238	1,191
Prepaid expenses and other current assets	2,571	1,204
Total current assets	44,718	7,807
Investment securities—noncurrent	23,704	0
Property and equipment, net	4,115	2,623
Capitalized software, net	8,916	5,509
Goodwill	6,737	4,998
Intangible assets, net	4,922	3,615
Other assets	1,079	882
Total assets	94,191	25,434
Current liabilities
Accounts payable	2,403	2,088
Accrued employee expenses	6,519	3,150
Accrued expenses	3,303	1,721
Deferred revenue	4,442	3,772
Other current liabilities	572	2,797
Total current liabilities	17,239	13,528
Deferred revenue	0	8
Other liabilities	626	199
Total liabilities	$ 17,865	$ 13,735
Commitments and contingencies
Convertible preferred stock, Series A, B, B-1, B-2 and B-3, $0.0001 par value, 68,027 shares authorized, issued and outstanding as of December 31, 2014. Liquidation preference of $62,020 as of December 31, 2014.	$ 0	$ 63,166
Stockholders’ equity (deficit):
Preferred stock, $0.0001 par value, 25,000 authorized and no shares issued and outstanding as of September 30, 2015	0	0
Additional paid-in capital	141,115	1,546
Accumulated other comprehensive loss	(1)	0
Accumulated deficit	(64,792)	(53,014)
Total stockholders’ equity (deficit)	76,326	(51,467)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit)	94,191	25,434
Class A common stock, $0.0001 par value, 250,000 shares authorized as of September 30, 2015; 7,155 shares issued and outstanding as of September 30, 2015
Stockholders’ equity (deficit):
Common stock	1	0
Class B common stock, $0.0001 par value, 50,000 and 123,000 shares authorized as of September 30, 2015 and December 31, 2014, respectively; 26,373 and 9,042 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively;
Stockholders’ equity (deficit):
Common stock	$ 3	$ 1

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Convertible preferred stock, par value (usd per share)	$ 0.0001	$ 0.0001
Convertible preferred stock, shares authorized	0	68,027,000
Convertible preferred stock, shares issued	0	68,027,000
Convertible preferred stock, shares outstanding	0	68,027,000
Convertible preferred stock, liquidation preference	$ 0	$ 62,020,000
Preferred stock, par value (usd per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	25,000,000	0
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A common stock
Common stock, par value (usd per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	0
Common stock, shares issued	7,155,000	0
Common stock, shares outstanding	7,155,000	0
Class B common stock
Common stock, par value (usd per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	123,000,000
Common stock, shares issued	26,373,000	9,042,000
Common stock, shares outstanding	26,373,000	9,042,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 20,305	$ 13,024	$ 54,578	$ 34,452
Costs and operating expenses:
Cost of revenue (exclusive of depreciation and amortization)	9,264	5,979	24,438	16,112
Sales and marketing	7,028	4,312	18,976	11,519
Research and product development	2,797	1,838	6,960	4,559
General and administrative	3,888	1,180	10,987	3,564
Depreciation and amortization	1,638	988	4,252	2,691
Total costs and operating expenses	24,615	14,297	65,613	38,445
Loss from operations	(4,310)	(1,273)	(11,035)	(3,993)
Other expense, net	(1)	(6)	(8)	(103)
Interest (expense) income, net	(426)	11	(701)	48
Loss before provision for income taxes	(4,737)	(1,268)	(11,744)	(4,048)
Provision for income taxes	23	0	34	0
Net loss	$ (4,760)	$ (1,268)	$ (11,778)	$ (4,048)
Net loss per share, basic and diluted (usd per share)	$ (0.14)	$ (0.14)	$ (0.68)	$ (0.46)
Weighted average common shares outstanding, basic and diluted (shares)	33,314	8,807	17,274	8,724

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,760)	$ (1,268)	$ (11,778)	$ (4,048)
Other comprehensive loss:
Changes in unrealized losses on investment securities	(1)	0	(1)	0
Comprehensive loss	$ (4,761)	$ (1,268)	$ (11,779)	$ (4,048)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Total	Convertible Preferred Stock	Common StockClass A common stock	Common StockClass B common stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance at Dec. 31, 2014		$ 63,166
Beginning balance (shares) at Dec. 31, 2014	68,027,000	68,027,000
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of convertible preferred stock in connection with initial public offering		$ (63,166)
Conversion of convertible preferred stock in connection with our public offering (shares)		(68,027,000)
Ending balance at Sep. 30, 2015		$ 0
Ending balance (shares) at Sep. 30, 2015	0	0
Beginning balance at Dec. 31, 2014	$ (51,467)		$ 0	$ 1	$ 1,546	$ 0	$ (53,014)
Beginning balance (shares) at Dec. 31, 2014			0	9,042,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options	$ 328				328
Exercise of stock options (shares)	299,000			299,000
Stock-based compensation	$ 719				719
Conversion of convertible preferred stock in connection with initial public offering	63,166			$ 2	63,164
Conversion of convertible preferred stock in connection with our public offering (shares)				17,007,000
Issuance of common stock in connection with initial public offering, net of offering costs	75,359		$ 1		75,358
Issuance of common stock in connection with initial public offering, net of offering costs (shares)			7,130,000
Issuance of restricted stock (shares)			25,000	25,000
Unrealized loss on investment securities	(1)					(1)
Net loss	(11,778)
Ending balance at Sep. 30, 2015	$ 76,326		$ 1	$ 3	$ 141,115	$ (1)	$ (64,792)
Ending balance (shares) at Sep. 30, 2015			7,155,000	26,373,000

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash from operating activities
Net loss	$ (11,778)	$ (4,048)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,252	2,691
Purchased investment premium, net of amortization	(380)	0
Amortization of deferred financing costs	441	0
Loss on disposal of property and equipment	7	66
Stock-based compensation	623	158
Change in fair value of contingent consideration	0	(56)
Loss on equity-method investment	0	19
Changes in operating assets and liabilities, net of business acquisition:
Accounts receivable	(936)	(588)
Prepaid expenses and other current assets	(1,345)	(548)
Other assets	(120)	4
Accounts payable	167	1,033
Accrued employee expenses	3,110	1,054
Accrued expenses	1,234	653
Deferred revenue	662	575
Other liabilities	289	270
Net cash (used in) provided by operating activities	(3,774)	1,283
Cash from investing activities
Purchases of property and equipment	(2,234)	(1,634)
Additions to capitalized software	(5,373)	(3,253)
Purchases of investment securities	(60,426)	0
Sales of investment securities	4,000	0
Maturities of investment securities	4,950	0
Cash paid in business acquisition, net of cash acquired	(4,039)	0
Purchases of intangible assets	(16)	(18)
Net cash used in investing activities	(63,138)	(4,905)
Cash from financing activities
Proceeds from stock option exercises	328	155
Proceeds from issuance of restricted stock	141	0
Proceeds from issuance of options	208	0
Principal payments under capital lease obligations	(22)	(20)
Proceeds from initial public offering, net of underwriting discounts and commissions	79,570	0
Payments of initial public offering costs	(3,999)	0
Payment of contingent consideration	(2,429)	0
Proceeds from issuance of debt	10,000	0
Principal payments on debt	(10,000)	0
Payment of debt issuance costs	(539)	0
Net cash provided by financing activities	73,258	135
Net cash increase (decrease) in cash and cash equivalents	6,346	(3,487)
Cash and cash equivalents
Beginning of period	5,412	11,269
End of period	11,758	7,782
Noncash investing and financing activities
Purchases of property and equipment included in accounts payable and accrued expenses	297	96
Additions of capitalized software included in accrued employee expenses	427	246
Stock-based compensation capitalized for software development	112	35
Deferred IPO costs included in accrued expenses	212	0
Conversion of convertible preferred stock into common stock in connection with initial public offering	$ 63,166	$ 0

Nature of Business

Nature of Business	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business Overview AppFolio, Inc. (“we” or “AppFolio”) provides industry-specific, cloud-based software solutions for small and medium-sized businesses (“SMBs”) in the property management and legal industries. Our platform is designed to be the system of record to automate essential business processes and the system of engagement to enhance business interactions between our customers and their clients and vendors. Our mobile-optimized software solutions have a user-friendly interface across multiple devices, enabling our customers to work at any time and from anywhere. Our property management software provides small and medium-sized property managers with an end-to-end solution to their business needs, enabling them to manage properties quickly and easily in a single, integrated environment. Our legal software provides solo practitioners and small law firms with a streamlined practice and case management solution, allowing them to manage their practices and case load within a flexible system. We also offer optional, but often mission-critical, Value+ services, such as our professionally designed websites and electronic payment services, which are seamlessly built into our core solutions. Acquisition of RentLinx On April 1, 2015, we completed the acquisition of all of the membership interests of RentLinx, LLC (“RentLinx”), a San Diego, California-based company focused on a software platform that allows customers to advertise rental houses and apartments online. We acquired RentLinx to expand the Value+ services offered to our property manager customers, giving them the ability to better spend, track and optimize their marketing investments. For additional information regarding this acquisition, refer to Note 3, Acquisition of RentLinx. Reverse Stock Split On June 4, 2015, we effected a one-for-four reverse split of our common stock and a proportional adjustment to the conversion ratio of our convertible preferred stock. The par value and the number of authorized shares of our common stock and convertible preferred stock were not adjusted as a result of the reverse split. All share, per share and related information presented in these Condensed Consolidated Financial Statements and accompanying notes has been retroactively adjusted, where applicable, to reflect the impact of the reverse stock split, including an adjustment to the preferred stock conversion ratio. Initial Public Offering On June 30, 2015, we completed an initial public offering (“IPO”) of our Class A common stock. In connection with the offering, we sold 6,200,000 shares of common stock at $12.00 per share for aggregate net proceeds of $65.1 million after underwriting discounts and commissions and offering expenses. Upon the closing of the offering, all shares of our convertible preferred stock and common stock held prior to the offering were converted into shares of Class B common stock. On July 8, 2015, in connection with the exercise of an overallotment option granted to the underwriters, we sold 930,000 additional shares of our Class A common stock to the underwriters at the public offering price of $12.00 per share, resulting in an additional $10.4 million in net proceeds, after deducting underwriting discounts and commissions. As a result, the aggregate net proceeds to us from the sale of shares in the IPO were approximately $75.4 million . For additional information regarding the conversion of our preferred stock in connection with the IPO, refer to Note 10, Convertible Preferred Stock and Stockholders' Equity (Deficit).

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Significant Accounting Policies The accompanying Condensed Consolidated Financial Statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these Condensed Consolidated Financial Statements should be read in conjunction with our consolidated financial statements and the related notes included in our prospectus filed with the SEC on June 26, 2015 pursuant to Rule 424(b) of the Securities Act of 1933, as amended (the “Prospectus”). The accompanying Condensed Consolidated Financial Statements are unaudited. Our unaudited interim Condensed Consolidated Financial Statements have been prepared on a basis consistent with that used to prepare our audited annual consolidated financial statements and include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of the Condensed Consolidated Financial Statements. The operating results for the three and nine months ended September 30, 2015 are not necessarily indicative of the results expected for the full year ending December 31, 2015 . Investment Securities During the third quarter of 2015, we began investing a portion of the net proceeds from the IPO in investment securities. Our investment securities currently consist of corporate bonds, U.S. government agency securities (referred to as "Agency Securities") and certificates of deposit. We classify investment securities as available-for-sale at the time of purchase and reevaluate such classification as of each balance sheet date. All investments are recorded at estimated fair value. Unrealized gains and losses for available-for-sale securities are included in accumulated other comprehensive income (loss), a component of stockholders’ equity. We classify our investments as current when the period of time between the reporting date and the contractual maturity is twelve months or less and as noncurrent when the period of time between the reporting date and the contractual maturity is more than twelve months. We evaluate our investments to assess whether those with unrealized loss positions are other than temporarily impaired. We consider impairments to be other than temporary if they are related to deterioration in credit risk or if it is likely we will sell the securities before the recovery of their cost basis. Declines in value judged to be other than temporary are determined based on the specific identification method and are reported in other income (expense), net in the Condensed Consolidated Statements of Operations. For additional information regarding the investment securities, refer to Note 4, Investment Securities and Fair Value Measurements. Changes in Accounting Policies Except as described herein, there have been no significant changes in our accounting policies from those disclosed in our annual consolidated financial statements and the related notes included in the Prospectus. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. On an ongoing basis, management evaluates its estimates based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Net Loss per Share The following table presents a reconciliation of our weighted average number of shares used to compute net loss per share (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Weighted average shares outstanding 33,456 9,026 17,426 8,985 Less: Weighted average unvested restricted shares subject to repurchase 142 219 152 261 Weighted average number of shares used to compute basic and diluted net loss per share 33,314 8,807 17,274 8,724 Because we reported net losses for all periods presented, all potentially dilutive common stock equivalents are antidilutive for those periods and have been excluded from the calculation of net loss per share. The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of September 30, 2015 and 2014 (in thousands): September 30, 2015 2014 Options to purchase common stock 1,187 707 Conversion of convertible preferred stock — 17,007 Unvested restricted stock awards 137 208 Unvested restricted stock units 12 — Contingent restricted stock units (1) 33 — Total shares excluded from net loss per share attributable to common stockholders 1,369 17,922 (1) The reported shares are based on a fixed price restricted stock unit (“RSU”) commitment for which the number of shares has not been determined at the grant date. The shares disclosed in the table above are based on the closing price of our stock at September 30, 2015 divided by the future fixed price commitment to issue shares in the future. For additional information regarding the RSUs granted refer to Note 11, Stock-Based Compensation . Recent Accounting Pronouncements Under the Jumpstart our Business Startups Act (the “JOBS Act”), we meet the definition of an emerging growth company. We have irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU 2014-09 is effective on January 1, 2018. Early adoption is permitted as of January 1, 2017. The standard permits the use of either a retrospective or cumulative effect transition method. We have not determined which transition method we will adopt, nor have we determined the effect of this guidance on our financial condition, results of operations, cash flows or disclosures. In April 2015, the FASB issued ASU No. 2015-03, Interest— Imputation of Interest—Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”), which requires an entity to record debt issuance costs in the balance sheet as a direct deduction of a recognized debt liability. ASU 2015-03 is effective for accounting periods beginning after December 15, 2015; however, early adoption is permitted. During the nine months ended September 30, 2015 , we elected to adopt this guidance. The impact of the early adoption of this guidance was to record $0.4 million of third-party debt financing costs as a reduction in the outstanding amount of our prior term loan from Wells Fargo Bank, N.A. (“Wells Fargo”) in March 2015. The adoption of this guidance did not impact prior period financial statements as we had no debt outstanding. For additional information regarding the prior term loan with Wells Fargo, refer to Note 8, Long-term Debt. In May 2015, the FASB issued ASU 2015-09, Financial Services-Insurance (Topic 944): Disclosures about Short-Duration Contracts ("ASU 2015-09") , requires insurance entities to disclose for annual reporting periods information about the liability for unpaid claims and claim adjustment expenses. ASU 2015-09 is effective for public business entities for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted. Management is assessing this guidance's impact to our disclosures within our financial statements as the guidance is disclosure related. In August 2015, the FASB issued ASU 2015-15, Interest - Imputation of Interest (Subtopic 835-30) - Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line of Credit Arrangements (Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting) (“ASU 2015-15”), which simplifies the presentation of debt issuance costs for line of credit arrangements since ASU 2015-03 did not address line of credit arrangements. ASU 2015-15 provides an update to ASU 2015-03 and allows for the debt issuance costs for line of credit arrangements to be classified as an asset. At September 30, 2015, we had an asset of $0.1 million remaining on our balance sheet for debt issuance costs associated with our linc of credit with Wells Fargo. Management has determined that this guidance has no impact to our financial statements since our debt issuance costs are currently classified as an asset. In September 2015, the FASB issued Accounting Standard Update (“ASU”) No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). The amendments in ASU 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. Management will consider applying this guidance should we have a measurement-period adjustment for the acquisition that occurred in April 2015.

Acquisition of Rentlinx

Acquisition of Rentlinx	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Acquisition of RentLinx	Acquisition of RentLinx On April 1, 2015, we completed the acquisition of all of the membership interests of RentLinx. We paid the sellers $4.1 million , of which $0.5 million was placed into escrow to cover potential indemnification claims relating to breaches of representations, warranties and covenants. We also agreed to pay an additional amount of approximately $1.1 million to certain individuals subject to their continued employment with us, which was recorded as an expense over the service period and paid in October 2015. All transaction costs were expensed in the period incurred and were approximately $0.3 million . We acquired RentLinx to expand the Value+ services offered to our property manager customers, providing them the ability to better spend, track and optimize their marketing investments. The goodwill related to our RentLinx acquisition is attributable to synergies expected from the acquisition and assembled workforce. The goodwill is deductible for income tax purposes. The following table summarizes the purchase price allocation (in thousands): Amount Estimated Useful Life Net current assets $ 114 Intangible assets: Developed technology 810 6 years Partner relationships 680 3 years Customer and website relationships 560 5 years Other intangible assets 170 3 years Goodwill 1,739 Indefinite Purchase consideration, paid in cash $ 4,073 We are not providing pro forma and current period financial information for this acquisition as they are not material to our Condensed Consolidated Financial Statements.

Investment Securities and Fair

Investment Securities and Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Investment Securities and Fair Value Measurements	Investment Securities and Fair Value Measurements Investment Securities Investment securities classified as available-for-sale consist of the following at September 30, 2015 (in thousands): September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Corporate bonds $ 34,872 $ 15 $ (18 ) $ 34,869 Agency securities 11,008 1 (1 ) 11,008 Certificates of deposit $ 5,976 $ 2 $ — $ 5,978 Total available-for-sale investment securities $ 51,856 $ 18 $ (19 ) $ 51,855 We did not have investment securities at December 31, 2014. We had certain investment securities in an unrealized loss position at September 30, 2015, and we have held these securities for less than three months. These unrealized loss positions are considered temporary and there were no impairments considered "other-than-temporary" as it is more likely than not we will hold the securities until maturity or a recovery of the cost basis. At September 30, 2015, the contractual maturities of our investments did not exceed 36 months . The fair values of available-for-sale investments, by remaining contractual maturity, are as follows (in thousands): September 30, 2015 Amortized Cost Estimated Fair Value Due in 1 year or less $ 28,149 $ 28,151 Due after 1 year through 3 years 23,707 23,704 Total available-for-sale investment securities $ 51,856 $ 51,855 During the three and nine months ended September 30, 2015, we had $4.0 million of investment securities that were called and we recognized a $2,000 loss on sale. Fair Value Measurements The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 by level within the fair value hierarchy. Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): September 30, 2015 Level 1 Level 2 Level 3 Total Fair Cash equivalents: Money market accounts $ 6,668 $ — $ — $ 6,668 Mutual funds 126 — — 126 Available-for-sale - investment securities: Corporate bonds — 34,869 — 34,869 Agency securities — 11,008 — 11,008 Certificates of deposit 5,978 — — 5,978 Total Assets $ 12,772 $ 45,877 $ — $ 58,649 December 31, 2014 Level 1 Level 2 Level 3 Total Fair Cash equivalents: Money market accounts $ 3,696 $ — $ — $ 3,696 Total Assets $ 3,696 $ — $ — $ 3,696 Contingent consideration $ — $ — $ 2,429 $ 2,429 Total Liabilities $ — $ — $ 2,429 $ 2,429 Cash and Cash Equivalents As of September 30, 2015 and December 31, 2014 , cash and cash equivalents include cash invested in money market accounts and mutual funds. Market prices are based on market prices for identical assets. Available-for-Sale - Investment Securities The fair value of our investment securities is based on pricing determined using inputs other than quoted prices that are observable either directly or indirectly such as yield curve, volatility factors, credit spreads, default rates, loss severity, current market and contractual prices for the underlying instruments or debt, broker and dealer quotes, as well as other relevant economic measures. Contingent Consideration Contingent consideration payable in connection with acquisitions is measured at fair value each period and is based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The valuation of contingent consideration uses assumptions we believe would be made by a market participant. We assess these estimates on an on-going basis as additional data impacting the assumptions becomes available. Changes in the fair value of contingent consideration related to updated assumptions and estimates are recognized within general and administrative expense in the Condensed Consolidated Statements of Operations. We determined the fair value of the contingent consideration using the probability weighted discounted cash flow method. The significant inputs used in the fair value measurement of contingent consideration are the probability of achieving revenue thresholds and determining discount rates. The following table summarizes the changes in contingent consideration liability (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Fair value, at beginning of period $ — $ 2,407 $ 2,429 $ 2,403 Change in fair value recorded in general and administrative expenses — (60 ) — (56 ) Payment of contingent consideration $ — $ — $ (2,429 ) — Fair value, at end of period $ — $ 2,347 $ — $ 2,347 The contingent consideration liability was recorded in other current liabilities on the accompanying Condensed Consolidated Balance Sheets as of December 31, 2014 . On May 6, 2015, we paid the final earn-out payment in the amount of $2.4 million . There were no changes to our valuation techniques used to measure asset and liability fair values on a recurring basis during the nine months ended September 30, 2015 . The carrying amounts of cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate fair value because of the short maturity of these items. The carrying value of our SecureDocs’ note receivable approximates its fair value based on a discounted cash flow analysis and is a level 3 measurement. Certain assets, including goodwill and intangible assets, are also subject to measurement at fair value on a non-recurring basis if they are deemed to be impaired as a result of an impairment review. For the three and nine months ended September 30, 2015 , no impairments were identified on those assets required to be measured at fair value on a non-recurring basis.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consists of the following as of September 30, 2015 and December 31, 2014 (in thousands): September 30, December 31, Data center and computer equipment $ 3,768 $ 2,871 Furniture and fixtures 1,697 1,158 Office equipment 456 215 Leasehold improvements 868 333 Construction in process 164 — Gross property and equipment 6,953 4,577 Less: Accumulated depreciation (2,838 ) (1,954 ) Total property and equipment, net $ 4,115 $ 2,623 Depreciation expense for property and equipment totaled $0.4 million and $0.3 million for the three months ended September 30, 2015 and 2014 , respectively, and $1.0 million and $0.6 million for the nine months ended September 30, 2015 and 2014 , respectively. As of September 30, 2015 and December 31, 2014 , capital leases are included in property and equipment with a cost basis of $82,000 . Accumulated depreciation on property and equipment under capital leases as of September 30, 2015 and December 31, 2014 was $41,000 and $21,000 , respectively.

Internal-Use Software Developme

Internal-Use Software Development Costs	9 Months Ended
	Sep. 30, 2015
Research and Development [Abstract]
Internal-Use Software Development Costs	Internal-Use Software Development Costs Internal-use software development costs were as follows (in thousands): September 30, December 31, Internal use software development costs, gross $ 19,674 $ 13,931 Less: Accumulated amortization (10,758 ) (8,422 ) Internal use software development costs, net $ 8,916 $ 5,509 Capitalized software development costs were $2.4 million and $1.4 million for the three months ended September 30, 2015 and 2014 , respectively, and $5.8 million and $3.4 million for the nine months ended September 30, 2015 and 2014 , respectively. Amortization expense with respect to software development costs totaled $0.9 million and $0.5 million for the three months ended September 30, 2015 and 2014 , respectively and $2.3 million and $1.4 million for the nine months ended September 30, 2015 and 2014 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill activity for the nine months ended September 30, 2015 is as follows (in thousands): Goodwill as of December 31, 2014 $ 4,998 Addition: Acquisition of RentLinx 1,739 Goodwill as of September 30, 2015 $ 6,737 Intangible assets consisted of the following as of September 30, 2015 and December 31, 2014 (in thousands, except years): September 30, 2015 Gross Carrying Accumulated Net Carrying Weighted Customer relationships $ 790 $ (194 ) $ 596 5.0 Technology 4,810 (2,068 ) 2,742 6.0 Trademarks 930 (262 ) 668 9.0 Partner relationships 680 (113 ) 567 3.0 Non-compete agreements 40 (7 ) 33 3.0 Domain names 287 (195 ) 92 5.0 Patents 340 (116 ) 224 5.0 $ 7,877 $ (2,955 ) $ 4,922 5.9 December 31, 2014 Gross Carrying Value Accumulated Amortization Net Carrying Value Weighted Average Useful Life in Years Customer relationships $ 230 $ (104 ) $ 126 5.0 Technology 4,000 (1,500 ) 2,500 6.0 Trademarks 800 (180 ) 620 10.0 Domain names 287 (161 ) 126 5.0 Patents 324 (81 ) 243 5.0 $ 5,641 $ (2,026 ) $ 3,615 6.4 Amortization expense for the three months ended September 30, 2015 and 2014 was $0.4 million and $0.2 million , respectively and $0.9 million and $0.7 million for the nine months ended September 30, 2015 and 2014 , respectively. A summary of the activity within our intangible assets since December 31, 2014 is as follows (in thousands): Intangible assets, net at December 31, 2014 $ 3,615 Additions from the acquisition of RentLinx (Note 3): 2,220 Other additions 16 Amortization (929 ) Intangible assets, net at September 30, 2015 $ 4,922

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Credit Facility On March 16, 2015, we entered into a credit facility (the “Credit Facility”) comprised of a $10.0 million term loan (the “Term Loan”), and a $2.5 million revolving line of credit (the “Revolving Facility”) with Wells Fargo. In March 2015 we borrowed $10.0 million under the Term Loan. On July 16, 2015, we made an optional prepayment in full of the Term Loan and we became obligated to pay the related $0.2 million prepayment premium. Wells Fargo agreed with us that the prepayment premium would not be payable until the earlier of September 1, 2015 (which was subsequently extended to October 9, 2015) and the date we terminated the Revolving Facility in full (the earliest of those dates being referred to as the “Due Date”). Wells Fargo further agreed with us that if we entered into an amended revolving credit facility with them by October 9, 2015, and we agreed to pay them a closing fee of at least $0.1 million in connection with the new credit facility before the Due Date, they would waive the $0.2 million prepayment premium. As of September 30, 2015, there was no outstanding balance under the Term Loan and Revolving Facility. On October 9, 2015, we entered into Amendment Number One to Credit Agreement , which amended the terms of that certain Credit Agreement, dated March 16, 2015, entered into by and among us, Wells Fargo, as administrative agent, and the lenders that are parties thereto (as amended, the “Credit Agreement”). Under the terms of the Credit Agreement, the lenders made available to us a $25.0 million revolving line of credit (the “New Revolving Facility”). Subject to customary terms and conditions, we can seek to increase the principal amount of indebtedness available under the Credit Agreement by up to $10.0 million , in the form of revolving commitments or term loan debt, although the lenders are under no obligation to make additional amounts available to us. Borrowings under the Revolving Facility are subject to the satisfaction of customary conditions. Borrowings under the New Revolving Facility bear interest at a fluctuating rate per annum equal to, at our option, (i) a base rate equal to the highest of (a) the federal funds rate plus 1/2 of 1%, (b) the London Interbank Offered Rate (“LIBOR”) for a one-month interest period plus 1% and (c) the rate of interest in effect for such day as publicly announced from time to time by Wells Fargo as its prime rate, in each case plus an applicable margin of 1.5% , or (ii) LIBOR for the applicable interest period plus an applicable margin of 2.5% . Interest is due and payable monthly. We are also required to pay a commitment fee equal to 0.25% per annum of the unused portion of the New Revolving Facility if revolver usage is above $10.0 million , or 0.375% per annum of the unused portion of the New Revolving Facility if revolver usage is less than or equal to $10.0 million . The New Revolving Facility matures on October 9, 2020. However, we can make payments on, and cancel in full, the New Revolving Facility at any time without premium or penalty. The Credit Agreement contains customary affirmative, negative and financial covenants. The affirmative covenants require us to, among other things, disclose financial and other information to the lenders, maintain its business and properties, and maintain adequate insurance. The negative covenants restrict us from, among other things, incurring additional indebtedness, prepaying certain types of indebtedness, encumbering or disposing of its assets, making fundamental changes to its corporate structure, and making certain dividends and distributions. The financial covenants require us to maintain liquidity of not less than $12.5 million and, to the extent liquidity is determined to be below $25.0 million , to comply with a maximum senior leverage ratio. Debt Financing Costs Debt financing costs are deferred and amortized, using the effective interest method for costs related to the Term Loan and the straight-line method for costs related to the Revolving Facility. We incurred fees to Wells Fargo attributable to the Term Loan of $0.3 million and other third-party debt financing costs of $0.1 million , which were recorded as a reduction of the carrying amount of the Term Loan. Amortization of such costs is included in interest expense. When the Term Loan was repaid prior to the maturity date, the unamortized debt financing costs of $0.4 million were expensed as interest expense. The allocated unamortized debt financing costs for the Revolving Facility of $0.1 million were recorded as an asset at September 30, 2015.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Lease Obligations As of September 30, 2015 , we had operating lease obligations of approximately $6.9 million through 2022. We recorded rent expense of $0.3 million for the three months ended September 30, 2015 and 2014, respectively, and $0.9 million and $0.8 million for the nine months ended September 30, 2015 and 2014 , respectively. In September 2015, we signed a new lease for 24,479 square feet that will replace our existing office in Richardson, Texas. The aggregate annual payments under the new lease will be approximately $0.4 million and are subject to annual increases over the lease term, which expires in March 2022, approximately. In October 2015, we signed an amendment to our existing lease at 90 Castilian Drive in Santa Barbara, California which increased the square footage leased by 7,855 square feet. The aggregate annual payments under the lease increased our annual commitments by approximately $150,000 , and are subject to annual increases over the term of the lease. The amendment does not change any other material provisions of the lease, including the term of the lease, which expires in November 2020. Insurance We have a wholly owned subsidiary, Terra Mar Insurance Company, Inc. (“Terra Mar”), which was established to provide our customers with the option to purchase tenant liability insurance. If our customers choose to use our insurance services, they are issued an insurance policy underwritten by our third-party service provider. The policy has a limit of $100,000 per incident for each insured residence. We have entered into a reinsurance agreement with our third-party service provider and, as a result, we assume a 100% quota share of the tenant liability insurance provided to our customers through our third-party service provider. Included in cost of revenue we accrue for reported claims and an estimate of losses incurred but not reported by our property manager customers, as we bear the risk related to claims. Our liability for reported claims and incurred but not reported claims as of September 30, 2015 and December 31, 2014 was $0.4 million and $0.3 million , respectively, and is included in other current liabilities on the Condensed Consolidated Balance Sheets. Included in other current assets as of September 30, 2015 and December 31, 2014 are $0.9 million and $0.6 million , respectively, of deposits held with a third party related to requirements to maintain collateral for our insurance services. Litigation From time to time, we may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. We are not currently a party to any legal proceedings, nor are we aware of any pending or threatened litigation, that would have a material adverse effect on our business, operating results, cash flows or financial condition should such litigation be resolved unfavorably. In December 2014, we provided notice to a third-party service provider to terminate our agreement so we could transition services to a new third-party partner. In February 2015, the third-party service provider filed an injunction preventing us from transferring the service to the new third-party partner. No monetary claims were made and, at the time of issuance of our December 31, 2014 consolidated financial statements, we determined the incurrence of a material loss was not probable or reasonably possible and that an estimate of an amount of loss or a range of possible losses could not reliably be made. In May 2015, primarily to expedite the transition of services to the new third-party partner, we agreed to pay the third-party service provider $0.6 million , which we recorded in general and administrative expenses for the nine months ended September 30, 2015 . In May 2015, we paid the final earn-out payment relating to the acquisition of MyCase, Inc. of $2.4 million . On May 26, 2015, we received a letter from counsel for a former shareholder of MyCase alleging that we failed to make commercially reasonable efforts to cause the maximum earn-out of $6.6 million to be earned. This amount represents the maximum earn-out that could potentially have been earned by all former MyCase shareholders. The former shareholder also stated that he intends to pursue punitive damages. We believe the allegations are without merit and we plan to vigorously defend against them. Based on information currently available, we have determined that the amount of any possible loss or range of possible loss is not reasonably estimable and we have therefore not established a reserve or a range of possible loss. Indemnification In the ordinary course of business, we may provide indemnification of varying scope and terms to customers, investors, directors and officers with respect to certain matters, including, but not limited to, losses arising out of our breach of any applicable agreements, services to be provided by us, or intellectual property infringement claims made by third parties. These indemnification provisions may survive termination of the underlying agreement and the maximum potential amount of future payments we could be required to make under these indemnification provisions may not be subject to maximum loss clauses. The maximum potential amount of future payments we could be required to make under these indemnification provisions is indeterminable. We have never paid a material claim, nor have we been sued in connection with these indemnification arrangements. As of September 30, 2015 and December 31, 2014 , we had not accrued a liability for these indemnification arrangements because we have determined that the likelihood of incurring a payment obligation, if any, in connection with these indemnification arrangements is not probable or reasonably possible and the amount or range of amounts of any such liability is not reasonably estimable.

Convertible Preferred Stock and

Convertible Preferred Stock and Stockholders' Equity (Deficit)	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Convertible Preferred Stock and Stockholders' Equity (Deficit)	Convertible Preferred Stock and Stockholders’ Equity (Deficit) On June 30, 2015, we completed an IPO of our Class A common stock. Upon the closing of the IPO, all shares of our convertible preferred stock and common stock held prior to the IPO were converted into Class B common stock. Upon the effectiveness of the Amended and Restated Certificate of Incorporation of the Company on June 25, 2015, the number of shares of capital stock that is authorized to be issued was increased to 325,000,000 shares, of which 250,000,000 shares are Class A common stock, 50,000,000 shares are Class B common stock and 25,000,000 are undesignated preferred stock. The Class A common stock, Class B common stock and preferred stock have a par value of $0.0001 per share.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock Options A summary of our stock option activity for the nine months ended September 30, 2015 is as follows (number of shares in thousands): Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Life in Years Options outstanding as of December 31, 2014 1,217 $ 3.12 8.2 Options granted 339 9.13 Options exercised (299 ) 1.79 Options cancelled/forfeited (70 ) 4.97 Options outstanding as of September 30, 2015 1,187 $ 5.06 8.4 The fair value of stock options granted is estimated on the date of grant using the Black-Scholes option-pricing model. Our stock-based compensation expense for stock options for the three months ended September 30, 2015 and 2014 was $184,000 and $34,000 , respectively, and for the nine months ended September 30, 2015 and 2014 was $453,000 and $89,000 , respectively. The following table summarizes information relating to our stock options granted during the three and nine months ended September 30, 2015 and 2014 : Three Months Ended Nine Months Ended 2015 2014 2015 2014 Stock options granted (in thousands) 62 48 339 166 Weighted average exercise price per share $ 16.37 $ 4.16 $ 9.13 $ 3.53 Weighted average Black-Scholes model assumptions: Risk-free interest rate 1.71 % 1.89 % 1.57 % 1.90 % Expected term (in years) 6.1 6.0 6.2 6.0 Expected volatility 44 % 50 % 47 % 49 % Expected dividend yield — — — — As of September 30, 2015 , the total remaining stock-based compensation expense for unvested stock options was $2.7 million , which is expected to be recognized over a weighted average period of 3.6 years. Restricted Stock A summary of activity in connection with our restricted stock awards for the nine months ended September 30, 2015 is as follows (number of shares in thousands): Number of Shares Weighted- Average Grant Date Fair Value per Share Unvested as of December 31, 2014 173 $ 1.64 Granted 50 8.78 Vested (86 ) 1.53 Forfeited — — Unvested as of September 30, 2015 137 $ 4.31 We have the right to repurchase any unvested restricted stock granted. Restricted stock vests over a four -year period for employees and over a one -year period for non-employee directors. For the three months ended September 30, 2015 and 2014 , we recognized stock-based compensation expense for restricted stock awards of $123,000 and $36,000 , respectively, and for the nine months ended September 30, 2015 and 2014 of $266,000 and $104,000 , respectively. As of September 30, 2015 , the total remaining stock-based compensation expense for unvested restricted stock with a repurchasing right was $0.5 million , which is expected to be recognized over a weighted average period of 1.7 years . Restricted Stock Units In September 2015, we granted restricted stock units ("RSUs") with a fixed monetary amount of $750,000 that vest in equal tranches over four annual periods. On the first day of each vesting period, the number of shares to be issued in respect of the RSUs is determined by dividing the value of the portion of the RSUs that vest in that tranche ( $188,000 ) by the closing price of our Class A common stock on the vesting date. The shares underlying this grant are not issued and outstanding until the applicable vesting date. We recognized stock-based compensation expense for these RSUs of $16,000 for the three and nine months ended September 30, 2015. As of September 30, 2015, the total remaining stock-based compensation expense for these RSUs was $0.7 million , which is expected to be recognized over a weighted average period of 3.9 years.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate differs from the U.S. Federal statutory rate of 34% primarily because our losses have been offset by a valuation allowance due to uncertainty as to the realization of those losses. For the nine months ended September 30, 2015 , we recorded income tax expense of $34,000 associated with our payments of state minimum taxes and the amortization of tax deductible goodwill that is not an available source of income to realize the deferred tax asset.

Revenue and Other Information

Revenue and Other Information	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Revenue and Other Information	Revenue and Other Information Our chief operating decision maker reviews separate revenue information for our core solutions, Value+ and other service offerings as a measure of growth in the number of our customers and growth in the adoption and utilization of our core solutions and Value+ services by new and existing customers. The following table presents our revenue categories for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Core solutions $ 8,330 $ 5,849 $ 23,161 $ 15,998 Value+ services 10,783 6,586 27,895 16,581 Other 1,192 589 3,522 1,873 Total revenues $ 20,305 $ 13,024 $ 54,578 $ 34,452 Value+ services presented in the table above include subscriptions to website hosting services and contact center services. Other services included above are for one-time services related to on-boarding our core solutions, website design services and revenue related to RentLinx online marketing services. Our revenue is generated primarily from U.S. customers. All of our property and equipment is located in the United States.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 5, 2015, we signed an amendment to our existing lease at 90 Castilian Drive in Santa Barbara, California to exercise a portion of our expansion rights under our existing lease, which increased the square footage leased by 7,855 square feet. For additional information regarding the lease amendment, refer to Note 9, Commitments and Contingencies. On October 9, 2015, we entered into an amendment to our Credit Agreement with Wells Fargo, pursuant to which the lenders made available to us a revolving credit facility in the amount of $25.0 million . For additional information regarding the Credit Agreement, refer to Note 8, Long-term Debt

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Investment Securities	Investment Securities During the third quarter of 2015, we began investing a portion of the net proceeds from the IPO in investment securities. Our investment securities currently consist of corporate bonds, U.S. government agency securities (referred to as "Agency Securities") and certificates of deposit. We classify investment securities as available-for-sale at the time of purchase and reevaluate such classification as of each balance sheet date. All investments are recorded at estimated fair value. Unrealized gains and losses for available-for-sale securities are included in accumulated other comprehensive income (loss), a component of stockholders’ equity. We classify our investments as current when the period of time between the reporting date and the contractual maturity is twelve months or less and as noncurrent when the period of time between the reporting date and the contractual maturity is more than twelve months. We evaluate our investments to assess whether those with unrealized loss positions are other than temporarily impaired. We consider impairments to be other than temporary if they are related to deterioration in credit risk or if it is likely we will sell the securities before the recovery of their cost basis. Declines in value judged to be other than temporary are determined based on the specific identification method and are reported in other income (expense), net in the Condensed Consolidated Statements of Operations. For additional information regarding the investment securities, refer to Note 4, Investment Securities and Fair Value Measurements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. On an ongoing basis, management evaluates its estimates based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Under the Jumpstart our Business Startups Act (the “JOBS Act”), we meet the definition of an emerging growth company. We have irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU 2014-09 is effective on January 1, 2018. Early adoption is permitted as of January 1, 2017. The standard permits the use of either a retrospective or cumulative effect transition method. We have not determined which transition method we will adopt, nor have we determined the effect of this guidance on our financial condition, results of operations, cash flows or disclosures. In April 2015, the FASB issued ASU No. 2015-03, Interest— Imputation of Interest—Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”), which requires an entity to record debt issuance costs in the balance sheet as a direct deduction of a recognized debt liability. ASU 2015-03 is effective for accounting periods beginning after December 15, 2015; however, early adoption is permitted. During the nine months ended September 30, 2015 , we elected to adopt this guidance. The impact of the early adoption of this guidance was to record $0.4 million of third-party debt financing costs as a reduction in the outstanding amount of our prior term loan from Wells Fargo Bank, N.A. (“Wells Fargo”) in March 2015. The adoption of this guidance did not impact prior period financial statements as we had no debt outstanding. For additional information regarding the prior term loan with Wells Fargo, refer to Note 8, Long-term Debt. In May 2015, the FASB issued ASU 2015-09, Financial Services-Insurance (Topic 944): Disclosures about Short-Duration Contracts ("ASU 2015-09") , requires insurance entities to disclose for annual reporting periods information about the liability for unpaid claims and claim adjustment expenses. ASU 2015-09 is effective for public business entities for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted. Management is assessing this guidance's impact to our disclosures within our financial statements as the guidance is disclosure related. In August 2015, the FASB issued ASU 2015-15, Interest - Imputation of Interest (Subtopic 835-30) - Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line of Credit Arrangements (Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting) (“ASU 2015-15”), which simplifies the presentation of debt issuance costs for line of credit arrangements since ASU 2015-03 did not address line of credit arrangements. ASU 2015-15 provides an update to ASU 2015-03 and allows for the debt issuance costs for line of credit arrangements to be classified as an asset. At September 30, 2015, we had an asset of $0.1 million remaining on our balance sheet for debt issuance costs associated with our linc of credit with Wells Fargo. Management has determined that this guidance has no impact to our financial statements since our debt issuance costs are currently classified as an asset. In September 2015, the FASB issued Accounting Standard Update (“ASU”) No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments (“ASU 2015-16”). The amendments in ASU 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. Management will consider applying this guidance should we have a measurement-period adjustment for the acquisition that occurred in April 2015.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Schedule of Weighted Average Number of Shares	The following table presents a reconciliation of our weighted average number of shares used to compute net loss per share (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Weighted average shares outstanding 33,456 9,026 17,426 8,985 Less: Weighted average unvested restricted shares subject to repurchase 142 219 152 261 Weighted average number of shares used to compute basic and diluted net loss per share 33,314 8,807 17,274 8,724
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of September 30, 2015 and 2014 (in thousands): September 30, 2015 2014 Options to purchase common stock 1,187 707 Conversion of convertible preferred stock — 17,007 Unvested restricted stock awards 137 208 Unvested restricted stock units 12 — Contingent restricted stock units (1) 33 — Total shares excluded from net loss per share attributable to common stockholders 1,369 17,922

Acquisition of Rentlinx (Tables

Acquisition of Rentlinx (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The following table summarizes the purchase price allocation (in thousands): Amount Estimated Useful Life Net current assets $ 114 Intangible assets: Developed technology 810 6 years Partner relationships 680 3 years Customer and website relationships 560 5 years Other intangible assets 170 3 years Goodwill 1,739 Indefinite Purchase consideration, paid in cash $ 4,073

Investment Securities and Fai25

Investment Securities and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Available-for-sale Securities	Investment securities classified as available-for-sale consist of the following at September 30, 2015 (in thousands): September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Corporate bonds $ 34,872 $ 15 $ (18 ) $ 34,869 Agency securities 11,008 1 (1 ) 11,008 Certificates of deposit $ 5,976 $ 2 $ — $ 5,978 Total available-for-sale investment securities $ 51,856 $ 18 $ (19 ) $ 51,855
Available-for-sale Investments, by Remaining Contract Maturity	At September 30, 2015, the contractual maturities of our investments did not exceed 36 months . The fair values of available-for-sale investments, by remaining contractual maturity, are as follows (in thousands): September 30, 2015 Amortized Cost Estimated Fair Value Due in 1 year or less $ 28,149 $ 28,151 Due after 1 year through 3 years 23,707 23,704 Total available-for-sale investment securities $ 51,856 $ 51,855
Fair Value, Assets Measured on Recurring Basis	Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): September 30, 2015 Level 1 Level 2 Level 3 Total Fair Cash equivalents: Money market accounts $ 6,668 $ — $ — $ 6,668 Mutual funds 126 — — 126 Available-for-sale - investment securities: Corporate bonds — 34,869 — 34,869 Agency securities — 11,008 — 11,008 Certificates of deposit 5,978 — — 5,978 Total Assets $ 12,772 $ 45,877 $ — $ 58,649 December 31, 2014 Level 1 Level 2 Level 3 Total Fair Cash equivalents: Money market accounts $ 3,696 $ — $ — $ 3,696 Total Assets $ 3,696 $ — $ — $ 3,696 Contingent consideration $ — $ — $ 2,429 $ 2,429 Total Liabilities $ — $ — $ 2,429 $ 2,429
Fair Value, Liabilities Measured on Recurring Basis	The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 by level within the fair value hierarchy. Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): September 30, 2015 Level 1 Level 2 Level 3 Total Fair Cash equivalents: Money market accounts $ 6,668 $ — $ — $ 6,668 Mutual funds 126 — — 126 Available-for-sale - investment securities: Corporate bonds — 34,869 — 34,869 Agency securities — 11,008 — 11,008 Certificates of deposit 5,978 — — 5,978 Total Assets $ 12,772 $ 45,877 $ — $ 58,649 December 31, 2014 Level 1 Level 2 Level 3 Total Fair Cash equivalents: Money market accounts $ 3,696 $ — $ — $ 3,696 Total Assets $ 3,696 $ — $ — $ 3,696 Contingent consideration $ — $ — $ 2,429 $ 2,429 Total Liabilities $ — $ — $ 2,429 $ 2,429
Schedule of Changes in Contingent Consideration Liability	The following table summarizes the changes in contingent consideration liability (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Fair value, at beginning of period $ — $ 2,407 $ 2,429 $ 2,403 Change in fair value recorded in general and administrative expenses — (60 ) — (56 ) Payment of contingent consideration $ — $ — $ (2,429 ) — Fair value, at end of period $ — $ 2,347 $ — $ 2,347

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following as of September 30, 2015 and December 31, 2014 (in thousands): September 30, December 31, Data center and computer equipment $ 3,768 $ 2,871 Furniture and fixtures 1,697 1,158 Office equipment 456 215 Leasehold improvements 868 333 Construction in process 164 — Gross property and equipment 6,953 4,577 Less: Accumulated depreciation (2,838 ) (1,954 ) Total property and equipment, net $ 4,115 $ 2,623

Internal-Use Software Develop27

Internal-Use Software Development Costs (Tables)	9 Months Ended
	Sep. 30, 2015
Research and Development [Abstract]
Schedule of Capitalized Computer Software	Internal-use software development costs were as follows (in thousands): September 30, December 31, Internal use software development costs, gross $ 19,674 $ 13,931 Less: Accumulated amortization (10,758 ) (8,422 ) Internal use software development costs, net $ 8,916 $ 5,509

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Activity	Goodwill activity for the nine months ended September 30, 2015 is as follows (in thousands): Goodwill as of December 31, 2014 $ 4,998 Addition: Acquisition of RentLinx 1,739 Goodwill as of September 30, 2015 $ 6,737
Schedule of Finite-Lived Intangible Assets	Intangible assets consisted of the following as of September 30, 2015 and December 31, 2014 (in thousands, except years): September 30, 2015 Gross Carrying Accumulated Net Carrying Weighted Customer relationships $ 790 $ (194 ) $ 596 5.0 Technology 4,810 (2,068 ) 2,742 6.0 Trademarks 930 (262 ) 668 9.0 Partner relationships 680 (113 ) 567 3.0 Non-compete agreements 40 (7 ) 33 3.0 Domain names 287 (195 ) 92 5.0 Patents 340 (116 ) 224 5.0 $ 7,877 $ (2,955 ) $ 4,922 5.9 December 31, 2014 Gross Carrying Value Accumulated Amortization Net Carrying Value Weighted Average Useful Life in Years Customer relationships $ 230 $ (104 ) $ 126 5.0 Technology 4,000 (1,500 ) 2,500 6.0 Trademarks 800 (180 ) 620 10.0 Domain names 287 (161 ) 126 5.0 Patents 324 (81 ) 243 5.0 $ 5,641 $ (2,026 ) $ 3,615 6.4 A summary of the activity within our intangible assets since December 31, 2014 is as follows (in thousands): Intangible assets, net at December 31, 2014 $ 3,615 Additions from the acquisition of RentLinx (Note 3): 2,220 Other additions 16 Amortization (929 ) Intangible assets, net at September 30, 2015 $ 4,922

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Activity	A summary of our stock option activity for the nine months ended September 30, 2015 is as follows (number of shares in thousands): Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Life in Years Options outstanding as of December 31, 2014 1,217 $ 3.12 8.2 Options granted 339 9.13 Options exercised (299 ) 1.79 Options cancelled/forfeited (70 ) 4.97 Options outstanding as of September 30, 2015 1,187 $ 5.06 8.4
Schedule of Valuation Assumptions, Stock Options	The following table summarizes information relating to our stock options granted during the three and nine months ended September 30, 2015 and 2014 : Three Months Ended Nine Months Ended 2015 2014 2015 2014 Stock options granted (in thousands) 62 48 339 166 Weighted average exercise price per share $ 16.37 $ 4.16 $ 9.13 $ 3.53 Weighted average Black-Scholes model assumptions: Risk-free interest rate 1.71 % 1.89 % 1.57 % 1.90 % Expected term (in years) 6.1 6.0 6.2 6.0 Expected volatility 44 % 50 % 47 % 49 % Expected dividend yield — — — —
Schedule of Restricted Stock Activity	A summary of activity in connection with our restricted stock awards for the nine months ended September 30, 2015 is as follows (number of shares in thousands): Number of Shares Weighted- Average Grant Date Fair Value per Share Unvested as of December 31, 2014 173 $ 1.64 Granted 50 8.78 Vested (86 ) 1.53 Forfeited — — Unvested as of September 30, 2015 137 $ 4.31

Revenue and Other Information (

Revenue and Other Information (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Schedule of Product Information by Revenue Categories	The following table presents our revenue categories for the three and nine months ended September 30, 2015 and 2014 (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Core solutions $ 8,330 $ 5,849 $ 23,161 $ 15,998 Value+ services 10,783 6,586 27,895 16,581 Other 1,192 589 3,522 1,873 Total revenues $ 20,305 $ 13,024 $ 54,578 $ 34,452

Nature of Business (Details)

Nature of Business (Details) $ / shares in Units, $ in Thousands	Jul. 08, 2015USD ($)$ / sharesshares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 04, 2015	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reverse stock split conversion ratio			0.25
Class of Stock [Line Items]
Proceeds from initial public offering, net of underwriting discounts and commissions	$ 75,400			$ 79,570	$ 0
IPO
Class of Stock [Line Items]
Proceeds from initial public offering, net of underwriting discounts and commissions		$ 65,100
Over-Allotment Option
Class of Stock [Line Items]
Proceeds from initial public offering, net of underwriting discounts and commissions	$ 10,400
Class A common stock | IPO
Class of Stock [Line Items]
Issuance of common stock in connection with initial public offering, net of offering costs (shares) | shares		6,200,000
Common stock sale price per share (usd per share) | $ / shares		$ 12
Class A common stock | Over-Allotment Option
Class of Stock [Line Items]
Issuance of common stock in connection with initial public offering, net of offering costs (shares) | shares	930,000
Common stock sale price per share (usd per share) | $ / shares	$ 12

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Net Loss per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Accounting Policies [Abstract]
Weighted average shares outstanding	33,456	9,026	17,426	8,985
Less: Weighted average unvested restricted shares subject to repurchase	142	219	152	261
Weighted average number of shares used to compute basic and diluted net loss per share	33,314	8,807	17,274	8,724
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			1,369	17,922
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	1,187		1,187		1,217
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			1,187	707
Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			0	17,007
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			137	208
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			12	0
Contingent RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			33	0

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - Credit Facility $ in Millions	Sep. 30, 2015USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt financing costs recorded as a reduction to the outstanding amount	$ 0.1
Early Adoption Effect | Accounting Standards Update 2015-03
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt financing costs recorded as a reduction to the outstanding amount	$ 0.4

Acquisition of Rentlinx (Detail

Acquisition of Rentlinx (Details) - USD ($) $ in Thousands	Apr. 01, 2015	Sep. 30, 2015	Dec. 31, 2014
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill		$ 6,737	$ 4,998
RentLinx
Business Acquisition [Line Items]
Acquisition purchase price	$ 4,100
Amount deposited into escrow for potential indemnification claims	500
Acquisition transaction costs	300
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Net current assets	114
Goodwill	1,739
Purchase consideration, paid in cash	4,073
Developed technology | RentLinx
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 810
Intangible assets, estimated useful life	6 years
Partner relationships | RentLinx
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 680
Intangible assets, estimated useful life	3 years
Customer and website relationships | RentLinx
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 560
Intangible assets, estimated useful life	5 years
Other intangible assets | RentLinx
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 170
Intangible assets, estimated useful life	3 years
Continued Employment Expense | RentLinx
Business Acquisition [Line Items]
Additional amount to be paid to certain individuals subject to continued employment		$ 1,100

Investment Securities and Fai35

Investment Securities and Fair Value Measurements - Investment Securities (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized Cost	$ 51,856	$ 51,856
Gross Unrealized Gains	18	18
Gross Unrealized Losses	(19)	(19)
Estimated Fair Value	51,855	$ 51,855
Maximum contractual maturity period		36 months
Amortized Cost
Due in 1 year or less	28,149	$ 28,149
Due after 1 year through 3 years	23,707	23,707
Total available-for-sale investment securities	51,856	51,856
Estimated Fair Value
Due in 1 year or less	28,151	28,151
Due after 1 year through 3 years	23,704	23,704
Total available-for-sale investment securities	51,855	51,855
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures [Abstract]
Investment securities called	4,000	4,000
Loss on sale recognized	2	2
Corporate Bonds
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized Cost	34,872	34,872
Gross Unrealized Gains	15	15
Gross Unrealized Losses	(18)	(18)
Estimated Fair Value	34,869	34,869
Agency Securities
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized Cost	11,008	11,008
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(1)	(1)
Estimated Fair Value	11,008	11,008
Certificates of Deposit
Available-for-sale Securities, Amortized Cost Basis [Abstract]
Amortized Cost	5,976	5,976
Gross Unrealized Gains	2	2
Gross Unrealized Losses	0	0
Estimated Fair Value	$ 5,978	$ 5,978

Investment Securities and Fai36

Investment Securities and Fair Value Measurements - Fair Value Measurements (Details) - USD ($) $ in Thousands	May. 06, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		$ 51,855		$ 51,855
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Payment of contingent consideration	$ 2,400			2,429	$ 0
Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, at beginning of period		0	$ 2,407	2,429	2,403
Change in fair value recorded in general and administrative expenses		0	(60)	0	(56)
Payment of contingent consideration		0	0	(2,429)	0
Fair value, at end of period		0	$ 2,347	0	$ 2,347
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets		58,649		58,649		$ 3,696
Contingent consideration						2,429
Total Liabilities						2,429
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets		12,772		12,772		3,696
Contingent consideration						0
Total Liabilities						0
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets		45,877		45,877		0
Contingent consideration						0
Total Liabilities						0
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets		0		0		0
Contingent consideration						2,429
Total Liabilities						2,429
Certificates of Deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		5,978		5,978
Certificates of Deposit | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		5,978		5,978
Certificates of Deposit | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		5,978		5,978
Certificates of Deposit | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Certificates of Deposit | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Agency Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		11,008		11,008
Agency Securities | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		11,008		11,008
Agency Securities | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Agency Securities | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		11,008		11,008
Agency Securities | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		34,869		34,869
Corporate Bonds | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		34,869		34,869
Corporate Bonds | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Corporate Bonds | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		34,869		34,869
Corporate Bonds | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities		0		0
Money Market Accounts | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		6,668		6,668		3,696
Money Market Accounts | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		6,668		6,668		3,696
Money Market Accounts | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0		0		0
Money Market Accounts | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0		0		$ 0
Mutual Funds | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		126		126
Mutual Funds | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		126		126
Mutual Funds | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0		0
Mutual Funds | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		$ 0		$ 0

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 6,953		$ 6,953		$ 4,577
Less: Accumulated depreciation	(2,838)		(2,838)		(1,954)
Total property and equipment, net	4,115		4,115		2,623
Depreciation expense on property and equipment	400	$ 300	1,000	$ 600
Cost basis of capital leased property and equipment	82		82		82
Accumulated depreciation on property and equipment under leases	41		41		21
Data center and computer equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	3,768		3,768		2,871
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Gross property and equipment	1,697		1,697		1,158
Office equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	456		456		215
Leasehold improvements
Property, Plant and Equipment [Line Items]
Gross property and equipment	868		868		333
Construction in process
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 164		$ 164		$ 0

Internal-Use Software Develop38

Internal-Use Software Development Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Research and Development [Abstract]
Internal use software development costs, gross	$ 19,674		$ 19,674		$ 13,931
Less: Accumulated amortization	(10,758)		(10,758)		(8,422)
Internal use software development costs, net	8,916		8,916		$ 5,509
Capitalized software development costs during the period	2,400	$ 1,400	5,800	$ 3,400
Amortization expense with respect to software development costs during the period	$ 900	$ 500	$ 2,300	$ 1,400

Goodwill and Intangible Asset39

Goodwill and Intangible Assets - Goodwill Activity (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill [Roll Forward]
Goodwill as of December 31, 2014	$ 4,998
Acquisition of RentLinx	1,739
Goodwill as of September 30, 2015	$ 6,737

Goodwill and Intangible Asset40

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 7,877		$ 7,877		$ 5,641
Accumulated Amortization	(2,955)		(2,955)		(2,026)
Net Carrying Value	4,922		4,922		$ 3,615
Amortization expense	400	$ 200	$ 929	$ 700
Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			5 years 9 months 70 days		6 years 4 months 24 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	790		$ 790		$ 230
Accumulated Amortization	(194)		(194)		(104)
Net Carrying Value	596		$ 596		$ 126
Customer relationships | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			5 years		5 years
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	4,810		$ 4,810		$ 4,000
Accumulated Amortization	(2,068)		(2,068)		(1,500)
Net Carrying Value	2,742		$ 2,742		$ 2,500
Technology | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			6 years		6 years
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	930		$ 930		$ 800
Accumulated Amortization	(262)		(262)		(180)
Net Carrying Value	668		$ 668		$ 620
Trademarks | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			9 years		10 years
Partner relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	680		$ 680
Accumulated Amortization	(113)		(113)
Net Carrying Value	567		$ 567
Partner relationships | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			3 years
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	40		$ 40
Accumulated Amortization	(7)		(7)
Net Carrying Value	33		$ 33
Non-compete agreements | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			3 years
Domain names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	287		$ 287		$ 287
Accumulated Amortization	(195)		(195)		(161)
Net Carrying Value	92		$ 92		$ 126
Domain names | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			5 years		5 years
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	340		$ 340		$ 324
Accumulated Amortization	(116)		(116)		(81)
Net Carrying Value	$ 224		$ 224		$ 243
Patents | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			5 years		5 years

Goodwill and Intangible Asset41

Goodwill and Intangible Assets - Intangible Asset Activity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net at December 31, 2014			$ 3,615
Additions from the acquisition of RentLinx			2,220
Other additions			16
Amortization	$ (400)	$ (200)	(929)	$ (700)
Intangible assets, net at September 30, 2015	$ 4,922		$ 4,922

Long-term Debt (Details)

Long-term Debt (Details) - USD ($)	Oct. 09, 2015	Jul. 16, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Mar. 31, 2015	Mar. 16, 2015
Debt Instrument [Line Items]
Potential closing costs of possible new credit facility		$ 100,000
Interest (expense) income, net			$ (426,000)	$ 11,000	$ (701,000)	$ 48,000
Credit Facility
Debt Instrument [Line Items]
Debt financing costs			100,000		100,000
Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Debt instrument, covenant, required minimum liquidity, amount	$ 12,500,000
Debt instrument, covenant, required maximum liquidity, amount	25,000,000
Credit Facility | Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity								$ 10,000,000
Prepayment premium, amount		200,000
Prepayment premium with potential to be waived		$ 200,000
Line of credit, amount outstanding			0		0		$ 10,000,000
Interest (expense) income, net			(400,000)
Credit Facility | Term Loan | Wells Fargo
Debt Instrument [Line Items]
Debt financing costs								300,000
Credit Facility | Term Loan | Unidentified Third Party
Debt Instrument [Line Items]
Debt financing costs								100,000
Credit Facility | Revolving Facility
Debt Instrument [Line Items]
Maximum borrowing capacity								$ 2,500,000
Line of credit, amount outstanding			0		0
Debt financing costs			$ 100,000		$ 100,000
Credit Facility | Revolving Facility | Subsequent Event
Debt Instrument [Line Items]
Maximum borrowing capacity	25,000,000
Potential increase to maximum borrowing capacity	$ 10,000,000
Commitment fee per annum of the unused portion of the Revolving Facility above $10.0 million	0.25%
Revolving facility benchmark for commitment fees	$ 10,000,000
Commitment fee per annum of the unused portion of the Revolving Facility below $10.0 million	0.375%
Credit Facility | Revolving Facility | One-Month LIBOR | Subsequent Event
Debt Instrument [Line Items]
Variable rate, basis spread percent	1.00%
Credit Facility | Revolving Facility | Federal Funds Rate | Subsequent Event
Debt Instrument [Line Items]
Variable rate, basis spread percent	0.50%
Credit Facility | Revolving Facility | Prime Rate | Subsequent Event
Debt Instrument [Line Items]
Variable rate, basis spread percent	1.50%
Credit Facility | Revolving Facility | LIBOR | Subsequent Event
Debt Instrument [Line Items]
Variable rate, basis spread percent	2.50%

Commitment and Contingencies (D

Commitment and Contingencies (Details)	Oct. 05, 2015ft²	May. 06, 2015USD ($)	Oct. 31, 2015USD ($)	Sep. 30, 2015USD ($)ft²	May. 31, 2015USD ($)	Sep. 30, 2015USD ($)ft²	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)ft²	Sep. 30, 2014USD ($)	May. 26, 2015USD ($)	Dec. 31, 2014USD ($)
Loss Contingencies [Line Items]
Operating lease obligations				$ 6,900,000		$ 6,900,000		$ 6,900,000
Rent expense						300,000	$ 300,000	900,000	$ 800,000
Per incident policy limit								$ 100,000
Quota share of tenant liability insurance provided, percent								100.00%
Payment of contingent consideration		$ 2,400,000						$ 2,429,000	$ 0
MyCase, Inc.
Loss Contingencies [Line Items]
Payment of contingent consideration					$ 2,400,000
MyCase, Inc. | Threatened Litigation
Loss Contingencies [Line Items]
Maximum potential earn-out										$ 6,600,000
General and Administrative Expense
Loss Contingencies [Line Items]
Payments to third-party to sever contract								600,000
Other Current Liabilities
Loss Contingencies [Line Items]
Liability for reported claims and claims incurred but not reported				400,000		400,000		400,000			$ 300,000
Prepaid Expenses and Other Current Assets
Loss Contingencies [Line Items]
Deposits held with a third party related to insurance services collateral				$ 900,000		$ 900,000		$ 900,000			$ 600,000
Richardson Office Replacement
Loss Contingencies [Line Items]
Square feet in new operating lease | ft²				24,479		24,479		24,479
Aggregate annual lease payment				$ 400,000
Castilian Drive | Subsequent Event
Loss Contingencies [Line Items]
Number of additional square feet | ft²	7,855
Aggregate annual lease payment			$ 150,000

Convertible Preferred Stock a44

Convertible Preferred Stock and Stockholders' Equity (Deficit) (Details) - $ / shares	Sep. 30, 2015	Jun. 25, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Capital stock, shares authorized		325,000,000
Preferred stock, shares authorized	25,000,000	25,000,000	0
Class A common stock
Class of Stock [Line Items]
Common stock, shares authorized	250,000,000	250,000,000	0
Common stock, par value (usd per share)	$ 0.0001	$ 0.0001	$ 0.0001
Class B common stock
Class of Stock [Line Items]
Common stock, shares authorized	50,000,000	50,000,000	123,000,000
Common stock, par value (usd per share)	$ 0.0001	$ 0.0001	$ 0.0001

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, beginning balance (shares)					1,217
Options granted (shares)			62	48	339	166
Options exercised (shares)					(299)
Options canceled/forfeited (shares)					(70)
Options outstanding, ending balance (shares)	1,187	1,217	1,187		1,187
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding, weighted average exercise price, beginning balance (usd per share)					$ 3.12
Options granted, weighted average exercise price (usd per share)			$ 16.37	$ 4.16	9.13	$ 3.53
Options exercised, weighted average exercise price (usd per share)					1.79
Options canceled/forfeited, weighted average exercise price (usd per share)					4.97
Options outstanding, weighted average exercise price, ending balance (usd per share)	$ 5.06	$ 3.12	$ 5.06		$ 5.06
Weighted average remaining contractual life, in years	8 years 4 months 24 days	8 years 2 months 12 days
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 184	$ 34	$ 453	$ 89

Stock-Based Compensation - Valu

Stock-Based Compensation - Valuation Assumptions (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining stock-based compensation expense for unvested options, not yet recognized	$ 2.7		$ 2.7
Options granted (shares)	62	48	339	166
Options granted, weighted average exercise price (usd per share)	$ 16.37	$ 4.16	$ 9.13	$ 3.53
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, weighted average recognition period			3 years 7 months 6 days
Weighted average Black-Scholes model assumptions:
Risk-free interest rate	1.71%	1.89%	1.57%	1.90%
Expected term (in years)	6 years 1 month 6 days	6 years	6 years 2 months 12 days	6 years
Expected volatility	44.00%	50.00%	47.00%	49.00%
Expected dividend yield	0.00%	0.00%	0.00%	0.00%

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Activity (Details) - Restricted Stock - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Number of Shares
Unvested, beginning balance (shares)			173
Granted (shares)			50
Vested (shares)			(86)
Forfeited (shares)			0
Unvested, ending balance (shares)	137		137
Weighted- Average Grant Date Fair Value per Share
Unvested, beginning balance (usd per share)			$ 1.64
Granted (usd per share)			8.78
Vested (usd per share)			1.53
Forfeited (usd per share)			0
Unvested, ending balance (usd per share)	$ 4.31		$ 4.31
Stock-based compensation expense	$ 123	$ 36	$ 266	$ 104
Remaining stock-based compensation expense for unvested shares, not yet recognized	$ 500		$ 500
Stock-based compensation expense, weighted average recognition period			1 year 8 months 24 days
Employee
Weighted- Average Grant Date Fair Value per Share
Vesting period			4 years
Non-Employee Director
Weighted- Average Grant Date Fair Value per Share
Vesting period			1 year

Stock-Based Compensation - Re48

Stock-Based Compensation - Restricted Stock Units (Details) - RSUs	1 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fixed monetary value of RSUs granted	$ 750,000
Vesting period	4 years
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Value Of Portion On Date Of Vesting	$ 188,000
Stock-based compensation expense		$ 16,000	$ 16,000
Remaining stock-based compensation expense for unvested shares, not yet recognized	$ 700,000	$ 700,000	$ 700,000
Stock-based compensation expense, weighted average recognition period			3 years 10 months 24 days

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
U.S Federal statutory rate			34.00%
Income tax expense	$ 23	$ 0	$ 34	$ 0

Revenue and Other Information50

Revenue and Other Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Product Information [Line Items]
Revenue	$ 20,305	$ 13,024	$ 54,578	$ 34,452
Core solutions
Product Information [Line Items]
Revenue	8,330	5,849	23,161	15,998
Value plus services
Product Information [Line Items]
Revenue	10,783	6,586	27,895	16,581
Other
Product Information [Line Items]
Revenue	$ 1,192	$ 589	$ 3,522	$ 1,873

Subsequent Events (Details)

Subsequent Events (Details)	Oct. 05, 2015ft²	Oct. 09, 2015USD ($)	Mar. 16, 2015USD ($)
Revolving Facility | Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity			$ 2,500,000
Revolving Facility | Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Maximum borrowing capacity		$ 25,000,000
Castilian Drive | Subsequent Event
Subsequent Event [Line Items]
Number of additional square feet | ft²	7,855