Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Jul. 28, 2017 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | AYX | |
Entity Registrant Name | Alteryx, Inc. | |
Entity Central Index Key | 1,689,923 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Class A Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 10,787,774 | |
Class B Common Stock [Member] | ||
Document Information [Line Items] | ||
Entity Common Stock, Shares Outstanding | 47,960,355 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Income Statement [Abstract] | ||||
Revenue | $ 30,319 | $ 19,972 | $ 58,864 | $ 38,366 |
Cost of revenue | 5,294 | 3,766 | 10,120 | 7,665 |
Gross profit | 25,025 | 16,206 | 48,744 | 30,701 |
Operating expenses: | ||||
Research and development | 7,147 | 4,068 | 13,169 | 7,923 |
Sales and marketing | 17,589 | 15,444 | 33,217 | 29,074 |
General and administrative | 8,427 | 3,909 | 16,110 | 7,325 |
Total operating expenses | 33,163 | 23,421 | 62,496 | 44,322 |
Loss from operations | (8,138) | (7,215) | (13,752) | (13,621) |
Other income (expense), net | 337 | (188) | 434 | (278) |
Loss before provision for (benefit of) income taxes | (7,801) | (7,403) | (13,318) | (13,899) |
Provisions for (benefit of) income taxes | (807) | 53 | (657) | 90 |
Net loss | (6,994) | (7,456) | (12,661) | (13,989) |
Less: Accretion of Series A redeemable convertible preferred stock | (1,455) | (1,983) | (2,733) | |
Net loss attributable to common stockholders | $ (6,994) | $ (8,911) | $ (14,644) | $ (16,722) |
Net loss per share attributable to common stockholders, basic and diluted (USD/Share) | $ (0.12) | $ (0.28) | $ (0.31) | $ (0.52) |
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic and diluted (Shares) | 58,262 | 32,364 | 46,757 | 32,315 |
Net loss | $ (6,994) | $ (7,456) | $ (12,661) | $ (13,989) |
Other comprehensive income (loss), net of tax: | ||||
Net unrealized holding gain (loss) on investments, net of tax | (75) | 20 | (86) | 84 |
Foreign currency translation adjustments, net of tax | (60) | (108) | ||
Other comprehensive income (loss), net of tax | (135) | 20 | (194) | 84 |
Total comprehensive loss | $ (7,129) | $ (7,436) | $ (12,855) | $ (13,905) |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Current assets: | ||
Cash and cash equivalents | $ 98,415 | $ 31,306 |
Short-term investments | 54,288 | 21,394 |
Accounts receivable, net | 27,187 | 35,367 |
Deferred commissions | 6,357 | 7,358 |
Prepaid expenses and other current assets | 5,129 | 5,013 |
Total current assets | 191,376 | 100,438 |
Property and equipment, net | 6,493 | 6,212 |
Long-term investments | 30,013 | |
Goodwill | 8,724 | |
Intangible assets, net | 8,917 | |
Other assets | 4,649 | 4,765 |
Total assets | 250,172 | 111,415 |
Current liabilities: | ||
Accounts payable | 4,663 | 1,780 |
Accrued payroll and payroll related liabilities | 7,011 | 7,760 |
Accrued expenses and other current liabilities | 8,297 | 4,987 |
Deferred revenue | 73,289 | 71,050 |
Total current liabilities | 93,260 | 85,577 |
Deferred revenue | 3,461 | 3,084 |
Other liabilities | 2,855 | 1,182 |
Total liabilities | 99,576 | 89,843 |
Commitments and contingencies (Note 7) | ||
Redeemable convertible preferred stock, $0.0001 par value: no shares and 14,899 shares authorized as of June 30, 2017 and December 31, 2016, respectively; no shares and 14,647 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively; aggregate liquidation preference of $0 and $87,448 as of June 30, 2017 and December 31, 2016, respectively | 99,182 | |
Stockholders' equity (deficit): | ||
Preferred stock, $0.0001 par value, 10,000 and no shares authorized as of June 30, 2017 and December 31, 2016, respectively; no shares issued and outstanding as of June 30, 2017 and December 31, 2016 | ||
Common stock, $0.0001 par value: 1,000,000 and 56,025 shares authorized as of June 30, 2017 and December 31, 2016, respectively; 58,711 and 32,674 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively | 5 | 3 |
Additional paid-in capital | 249,502 | 8,443 |
Accumulated deficit | (98,708) | (86,047) |
Accumulated other comprehensive loss | (203) | (9) |
Total stockholders' equity (deficit) | 150,596 | (77,610) |
Total liabilities, redeemable convertible preferred stock, and stockholders' equity (deficit) | $ 250,172 | $ 111,415 |
Condensed Consolidated Balance4
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Redeemable convertible preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Redeemable convertible preferred stock, shares authorized (in shares) | 0 | 14,899,000 |
Redeemable convertible preferred stock, shares issued (in shares) | 0 | 14,647,000 |
Redeemable convertible preferred stock, shares outstanding (in shares) | 0 | 14,647,000 |
Redeemable convertible preferred stock, aggregate liquidation preference | $ 0 | $ 87,448 |
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized (in shares) | 10,000,000 | 0 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock par value per share (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock shares authorized (in shares) | 1,000,000,000 | 56,025,000 |
Common Stock shares issued (in shares) | 58,711,000 | 32,674,000 |
Common stock shares outstanding (in shares) | 58,711,000 | 32,674,000 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Deficit - 6 months ended Jun. 30, 2017 - USD ($) $ in Thousands | Total | Redeemable Convertible Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Loss [Member] |
Beginning Balance at Dec. 31, 2016 | $ (77,610) | $ 3 | $ 8,443 | $ (86,047) | $ (9) | |
Beginning Balance at Dec. 31, 2016 | $ 99,182 | $ 99,182 | ||||
Beginning Balance, Shares at Dec. 31, 2016 | 32,674,000 | 32,674,000 | ||||
Beginning Balance, Shares at Dec. 31, 2016 | 14,647,000 | 14,647,000 | ||||
Issuance of common stock, net of issuance costs of $3,344 | $ 131,413 | $ 1 | 131,412 | |||
Accretion of Series A redeemable convertible preferred stock issuance costs and redemption feature, value | $ 1,983 | |||||
Issuance of common stock, net of issuance costs of $3,344, shares | 10,350,000 | |||||
Accretion of Series A redeemable convertible preferred stock issuance costs and redemption feature | (1,983) | (1,983) | ||||
Conversion of redeemable convertible preferred stock to common stock, value | 101,165 | $ (101,165) | $ 1 | 101,164 | ||
Conversion of redeemable convertible preferred stock to common stock, shares | (14,647,000) | 14,647,000 | ||||
Equity issued in business combination, value | $ 5,285 | 5,285 | ||||
Ending Balance at Jun. 30, 2017 | $ 0 | |||||
Equity issued in business combination, shares | 265,000 | |||||
Ending Balance, Shares at Jun. 30, 2017 | 0 | 0 | ||||
Shares issued pursuant to stock awards, value | $ 1,006 | 1,006 | ||||
Shares issued pursuant to stock awards, shares | 775,000 | |||||
Stock-based compensation, value | 4,175 | 4,175 | ||||
Cumulative translation adjustment | (108) | (108) | ||||
Unrealized loss on investments | (86) | (86) | ||||
Net loss | (12,661) | (12,661) | ||||
Ending Balance at Jun. 30, 2017 | $ 150,596 | $ 5 | $ 249,502 | $ (98,708) | $ (203) | |
Ending Balance, Shares at Jun. 30, 2017 | 58,711,000 | 58,711,000 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders' Deficit (Parenthetical) $ in Thousands | 6 Months Ended |
Jun. 30, 2017USD ($) | |
Statement of Stockholders' Equity [Abstract] | |
Issuance of common stock, net | $ 3,344 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash flows from operating activities: | ||
Net loss | $ (12,661) | $ (13,989) |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 1,439 | 689 |
Stock-based compensation | 4,175 | 1,428 |
Provision for doubtful accounts and sales reserve, net of recoveries | 784 | |
Deferred income taxes | (1,048) | |
Change in fair value of contingent consideration | 158 | |
Loss on disposal of assets | 32 | 76 |
Changes in operating assets and liabilities, net of effect of business acquisitions: | ||
Accounts receivable | 7,658 | 4,740 |
Deferred commissions | 1,097 | 584 |
Prepaid expenses and other current assets and other assets | (929) | 93 |
Accounts payable | 1,961 | 1,067 |
Accrued payroll and payroll related liabilities | (734) | (2,486) |
Accrued expenses and other current liabilities | 989 | 188 |
Deferred revenue | 2,563 | 3,866 |
Other liabilities | 208 | (210) |
Net cash provided by (used in) operating activities | 5,692 | (3,954) |
Cash flows from investing activities: | ||
Purchases of property and equipment | (1,209) | (2,318) |
Cash paid in business acquisitions, net of cash acquired | (9,097) | |
Purchases of investments | (76,053) | (5,706) |
Maturities of investments | 12,977 | 8,109 |
Net cash provided by (used in) investing activities | (73,382) | 85 |
Cash flows from financing activities: | ||
Proceeds from initial public offering, net of underwriting commissions and discounts | 134,757 | |
Repurchase of common stock, net of costs paid | (250) | |
Principal payments on capital lease obligations | (164) | (110) |
Proceeds from exercise of stock options | 1,006 | 174 |
Net cash provided by (used in) financing activities | 134,802 | (536) |
Effect of exchange rate changes on cash | (3) | |
Net increase (decrease) in cash and cash equivalents | 67,109 | (4,405) |
Cash and cash equivalents-beginning of period | 31,306 | 24,779 |
Cash and cash equivalents-end of period | 98,415 | 20,374 |
Supplemental disclosure of noncash investing and financing activities: | ||
Property and equipment recorded in accounts payable | 130 | 782 |
Consideration for business acquisition included in accrued expenses and other current liabilities and other liabilities | 1,660 | |
Consideration for business acquisition from issuance of common stock | 5,285 | |
Accretion of Series A redeemable convertible preferred stock | 1,983 | 2,733 |
Deferred initial public offering costs recorded in accounts payable and accrued expenses | 1,599 | |
Property and equipment funded by capital lease borrowing | 987 | |
Common Stock [Member] | ||
Cash flows from financing activities: | ||
Payments stock issuance costs | (797) | |
Series C Convertible Preferred Stock [Member] | ||
Cash flows from financing activities: | ||
Payments stock issuance costs | (350) | |
Series A Redeemable Convertible Preferred Stock [Member] | ||
Supplemental disclosure of noncash investing and financing activities: | ||
Accretion of Series A redeemable convertible preferred stock | 1,983 | $ 2,733 |
Conversion of Series A redeemable convertible preferred stock to common shares | $ 101,165 |
Business
Business | 6 Months Ended |
Jun. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Business | 1. Business Our Company Alteryx, Inc. and its subsidiaries, or we, our, or us, are a leading provider of self-service data analytics software. Our software platform enables organizations to dramatically improve business outcomes and the productivity of their business analysts. Our subscription-based platform allows organizations to easily prepare, blend, and analyze data from a multitude of sources and more quickly benefit from data-driven decisions. The ease-of-use, Initial Public Offering In March 2017, we completed an initial public offering, or IPO, of our Class A common stock. In connection with the IPO, we sold 10.4 million shares of Class A common stock, which included the exercise in full of the underwriters’ option to purchase an additional 1.4 million shares in April 2017, at $14.00 per share for aggregate net proceeds of $131.4 million after underwriting discounts and commissions and offering expenses. Prior to the closing of the IPO, all shares of common stock then outstanding were reclassified as Class B common stock and all shares of our then outstanding convertible preferred stock held prior to the IPO were converted into Class B common stock. See Note 5 for further discussion of our Class A and Class B common stock. As of June 30, 2017, we had 10.7 million and 48.0 million shares of Class A common stock and Class B common stock issued and outstanding, respectively. Basis of Presentation Our interim condensed consolidated financial statements are presented in accordance with accounting standards generally accepted in the United States of America, or U.S. GAAP, for interim financial information. Certain information and disclosures normally included in consolidated financial statements presented in accordance with U.S. GAAP have been condensed or omitted. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes for the year ended December 31, 2016 included in our final prospectus related to our IPO dated March 23, 2017, or the Prospectus, filed with the Securities and Exchange Commission, or SEC, pursuant to Rule 424(b) under the Securities Act of 1933, as amended, or the Securities Act. The unaudited interim condensed consolidated financial statements have been prepared on a basis consistent with that used to prepare the audited annual consolidated financial statements and reflect all adjustments which are, in the opinion of our management, of a normal recurring nature and necessary for a fair statement of the condensed consolidated financial statements. The operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results expected for the full year ending December 31, 2017. |
Significant Accounting Policies
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | 2. Significant Accounting Policies There have been no changes to our accounting policies disclosed in our audited consolidated financial statements and the related notes for the year ended December 31, 2016 included in our Prospectus. As a result of business combinations made during the six months ended June 30, 2017 (see Note 3), we have included our accounting policies relating to business combinations, intangible assets, and goodwill below. Correction of an Error In the course of preparing our consolidated financial statements as of and for the year ended December 31, 2016, we identified an error related to the improper calculation of royalty expense during the year ended December 31, 2016 associated with licensed third-party syndicated data. We have determined that the error was not material to our interim financial statements. The correction of this error resulted in a revision which increased cost of revenue, loss from operations, and net loss by $0.3 million and $0.8 million for the three and six months ended June 30, 2016, respectively. Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates and assumptions. On an ongoing basis, our management evaluates estimates and assumptions based on historical data and experience, as well as various other factors that our 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. Business Combinations The results of businesses acquired in a business combination are included in our condensed consolidated financial statements from the date of the acquisition. We allocated the purchase price, including the fair value of any non-cash Contingent consideration payable in cash or a fixed dollar amount settleable in a variable number of shares is classified as a liability and recorded at fair value, with changes in fair value recorded in general and administrative expenses each period. Transaction costs associated with business combinations are expensed as incurred, and are included in general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. We perform valuations of assets acquired, liabilities assumed, and contingent consideration and allocate the purchase price to its respective assets and liabilities. Determining the fair value of assets acquired, liabilities assumed, and contingent consideration requires us to use significant judgment and estimates including the selection of valuation methodologies, estimates of future revenue, costs and cash flows, discount rates, the probability of the achievement of specified milestones, and selection of comparable companies. We engage the assistance of valuation specialists in concluding on fair value measurements in connection with determining fair values of assets acquired, liabilities assumed, and contingent consideration in a business combination. Intangible Assets Intangible assets consist of acquired developed technology. We determine the appropriate useful life of our intangible assets by performing an analysis of expected cash flows of the acquired assets. Intangible assets are amortized over their estimated useful lives of three to seven years, using the straight-line method, which approximates the pattern in which the economic benefits are consumed. Goodwill Goodwill represents the excess of the purchase price over the fair value of net assets acquired in a business combination. We test goodwill for impairment in accordance with the provisions of Accounting Standards Codification, or ASC, 350, Intangibles – Goodwill and Other ASC 350 provides that an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then additional impairment testing is not required. However, if an entity concludes otherwise, then it is required to perform the first of a two-step The first step involves comparing the estimated fair value of a reporting unit with its book value, including goodwill. If the estimated fair value exceeds book value, goodwill is considered not to be impaired and no additional steps are necessary. If, however, the fair value of the reporting unit is less than book value, then the carrying amount of the goodwill is compared with its implied fair value. The estimate of implied fair value of goodwill may require valuations of certain internally generated and unrecognized intangible assets. If the carrying amount of goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to the excess. We have one reporting unit and we test for goodwill impairment annually during the fourth quarter of each calendar year. Variable Interest Entities In accordance with ASC 810, Consolidation As of June 30, 2017 and December 31, 2016, we determined that two of our distributors were VIEs under the guidance of ASC 810, Consolidation Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2017-04, Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business In November 2016, the FASB issued ASU 2016-18, Restricted Cash In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory Income Taxes, In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases 2016-02, right-of-use right-of-use In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2015-14, 2014-09 |
Business Combinations
Business Combinations | 6 Months Ended |
Jun. 30, 2017 | |
Business Combinations [Abstract] | |
Business Combinations | 3. Business Combinations In January 2017, we acquired 100% of the outstanding equity of Semanta, s.r.o., or Semanta, a software development firm based in Prague, Czech Republic that delivers a cloud-based data governance and metadata management platform. In May 2017, we acquired 100% of the outstanding equity of Yhat, Inc., or Yhat, a data science software company based in Brooklyn, New York that provides data scientists and analysts with self-service data science tools for developing, managing, and deploying analytical models. These acquisitions were made to enhance our platform with additional data governance capabilities and the ability to deploy and manage advanced analytic models. The following table presents details of the purchase consideration related to each acquisition. Company Acquired Month Cash Equity Cash Contingent Contingent Semanta January 2017 $ 3,944 $ — $ 500 $ 2,300 $ 1,160 Yhat May 2017 5,535 5,285 — — — $ 9,479 $ 5,285 $ 500 $ 2,300 $ 1,160 The acquisition of Semanta included cash consideration held back for customary indemnification matters for a period of 24-months The condensed consolidated financial statements include the results of operations of the acquired companies commencing as of their respective acquisition dates. Revenues and operating results of the acquired companies for the six months ended June 30, 2017 were not material to the condensed consolidated financial statements. During the three and six months ended June 30, 2017 we recognized $0.3 million and $0.9 million, respectively of acquisition related costs in general and administrative expense in the condensed consolidated statement of operations and comprehensive loss. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the dates of each acquisition (in thousands): Assets acquired and liabilities assumed: Cash and cash equivalents $ 382 Accounts receivable 247 Prepaid expenses and other assets 68 Property and equipment 54 Intangible assets 9,220 Goodwill 8,724 Accounts payable (479 ) Accrued expenses, deferred revenue and other current liabilities (205 ) Deferred tax liability, included in other liabilities (1,587 ) Total purchase consideration $ 16,424 Goodwill represents the excess of the purchase consideration over the fair value of the underlying intangible assets and net liabilities assumed. We believe the amount of goodwill resulting from the acquisitions is primarily attributable to expected synergies from an assembled workforce, increased development capabilities, increased offerings to customers, and enhanced opportunities for growth and innovation. The goodwill resulting from the acquisitions is not tax deductible. We determined the fair value of the completed technology acquired in the acquisitions using the multiple period excess earnings and the replacement cost models. These models utilize certain unobservable inputs classified as Level 3 measurements as defined by ASC 820, Fair Value Measurements and Disclosures A portion of the consideration for the Semanta acquisition is subject to earn-out earn-out Pro forma information as if the acquisitions occurred on January 1, 2016 has not been presented as the pro forma impact is not material to our condensed consolidated financial statements. |
Fair Value Measurements
Fair Value Measurements | 6 Months Ended |
Jun. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 4. Fair Value Measurements We utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. We determine fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities at the Level 2 Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active near the measurement date; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The fair value of our money market funds was determined based on “Level 1” inputs. The fair value of certificates of deposit, U.S. Treasury and agency bonds, and corporate bonds were determined based on “Level 2” inputs. The valuation techniques used to measure the fair value of certificates of deposit included observable market-based inputs for similar assets, which primarily include yield curves and time-to-maturity two-sided There were no marketable securities measured on a recurring basis in the “Level 3” category. We have not elected the fair value option as prescribed by ASC 825, The Fair Value Option for Financial Assets and Financial Liabilities Instruments Measured at Fair Value on a Recurring Basis. As of June 30, 2017 Gross Cash and Unrealized Cash Short-term Long-term Cost Gains (Losses) Fair Value Equivalents Investments Investments Cash $ 89,576 $ — $ 89,576 $ 89,576 $ — $ — Level 1: Money market funds 5,840 — 5,840 5,840 — — Subtotal 5,840 — 5,840 5,840 — — Level 2: Certificates of deposit 5,894 — 5,894 — 5,894 — U.S. Treasury and agency bonds 53,554 (65 ) 53,489 2,999 20,477 30,013 Corporate bonds 27,947 (30 ) 27,917 — 27,917 — Subtotal 87,395 (95 ) 87,300 2,999 54,288 30,013 Level 3 — — — — — — Total $ 182,811 $ (95 ) $ 182,716 $ 98,415 $ 54,288 $ 30,013 As of December 31, 2016 Gross Cash and Unrealized Cash Short-term Long-term Cost Gains (Losses) Fair Value Equivalents Investments Investments Cash $ 10,499 $ — $ 10,499 $ 10,499 $ — $ — Level 1: Money market funds 20,807 — 20,807 20,807 — — Subtotal 20,807 — 20,807 20,807 — — Level 2: — Certificates of deposit 10,552 — 10,552 — 10,552 — Corporate bonds 10,770 72 10,842 — 10,842 — Subtotal 21,322 72 21,394 — 21,394 — Level 3 — — — — — — Total $ 52,628 $ 72 $ 52,700 $ 31,306 $ 21,394 $ — There were no transfers between Level 1, Level 2, or Level 3 securities during the six months ended June 30, 2017. As of June 30, 2017, there were 23 securities with a fair value of $73.8 million in an unrealized loss position for less than 12 months. The gross unrealized losses of $0.1 million as of June 30, 2017 were due to changes in market rates, and we have determined the losses are temporary in nature. All the long-term investments had maturities of between one and two years in duration as of June 30, 2017. Cash and cash equivalents, restricted cash, and investments as of June 30, 2017 and December 31, 2016 held domestically were approximately $177.7 million and $52.9 million, respectively. Contingent Consideration. earn-out The following table presents a reconciliation of the beginning and ending balances of acquisition-related accrued contingent consideration using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2017 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Beginning balance $ 1,160 $ — $ — $ — Obligations assumed — — 1,160 — Change in fair value 158 — 158 — Ending balance $ 1,318 $ — $ 1,318 $ — Instruments Not Recorded at Fair Value on a Recurring Basis. Assets and Liabilities Recorded at Fair Value on a Non-Recurring non-recurring |
Stockholders' Equity
Stockholders' Equity | 6 Months Ended |
Jun. 30, 2017 | |
Equity [Abstract] | |
Stockholders' Equity | 5. Stockholders’ Equity Reverse Stock Split In February 2017, we effected a 2-to-1 Dual Class Common Stock Structure In February 2017, we implemented a dual class common stock structure in which each then existing share of common stock converted into a share of Class B common stock and we also authorized a new class of common stock, the Class A common stock. The Class A common stock is entitled to one vote per share and the Class B common stock is entitled to ten votes per share. The Class A common stock and Class B common stock have the same dividend and liquidation rights, and the Class B common stock converts to Class A common stock at any time at the option of the holder, or automatically upon the date that is the earliest of (i) the date specified by a vote of the holders of at least 66 2/3% of the outstanding shares of Class B common stock, (ii) March 29, 2027, and (iii) the date that the total number of shares of Class B common stock outstanding cease to represent at least 10% of the aggregate number of shares of Class A common stock and Class B common stock then outstanding. In addition, each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers described in our restated certificate of incorporation, or the Restated Certificate. Upon the creation of the dual class common stock structure all outstanding options to purchase common stock became options to purchase an equivalent number of shares of Class B common stock, and all restricted stock units, or RSUs, became RSUs for an equivalent number of shares of Class B common stock. Upon the effectiveness of the Restated Certificate in March 2017, the number of shares of capital stock that is authorized to be issued consisted of 500,000,000 shares of Class A common stock, $0.0001 par value per share, 500,000,000 shares of Class B common stock, $0.0001 par value per share, and 10,000,000 shares of undesignated preferred stock, $0.0001 par value per share. |
Equity Awards
Equity Awards | 6 Months Ended |
Jun. 30, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Equity Awards | 6. Equity Awards Amended and Restated 2013 Stock Plan We granted options and RSUs under our Amended and Restated 2013 Stock Plan, or 2013 Plan, until March 22, 2017, when the plan was terminated in connection with our IPO. Accordingly, no shares are available for future issuance under the 2013 Plan following the IPO. The 2013 Plan continues to govern outstanding equity awards granted thereunder. 2017 Equity Incentive Plan In February 2017, our board of directors adopted and our stockholders approved the 2017 Equity Incentive Plan, or 2017 Plan. The 2017 Plan became effective on March 22, 2017 and is the successor plan to the 2013 Plan. Under the 2017 Plan, we initially reserved (i) 5.1 million shares of Class A common stock for future issuance and (ii) 0.8 million shares of Class A common stock equal to the number of Class B shares reserved but not issued under the 2013 Plan as of the effective date of the 2017 Plan. The number of shares of Class A common stock reserved for issuance under our 2017 Plan will increase automatically on the first day of January of each of 2018 through 2027 by the lesser of (a) 5% of the total outstanding shares of our Class A and Class B common stock as of the immediately preceding December 31 and (b) the number of shares determined by our board of directors. The share reserve may also increase to the extent that outstanding awards under our 2013 Plan expire or terminate. As of June 30, 2017, an aggregate of 5.4 million shares of Class A common stock were reserved for issuance under the 2017 Plan. 2017 Employee Stock Purchase Plan In February 2017, our board of directors adopted and our stockholders approved the 2017 Employee Stock Purchase Plan, or 2017 ESPP. The 2017 ESPP became effective on March 23, 2017. Under the 2017 ESPP, we reserved 1.1 million shares of Class A common stock for future issuance. The number of shares of Class A common stock reserved for issuance under our 2017 ESPP will increase automatically on the first day of January of each of 2018 through 2027 by the lesser of (a) 1% of the total outstanding shares of our Class A and Class B common stock as of the immediately preceding December 31 and (b) the number of shares determined by our board of directors. The aggregate number of shares issued over the term of the 2017 ESPP may not exceed 11,000,000 shares of Class A common stock. Stock Options Stock option activity during the six months ended June 30, 2017 consisted of the following (in thousands, except weighted-average information): Options Outstanding Weighted- Average Exercise Price Options outstanding at December 31, 2016 6,318 $ 5.65 Granted 806 15.82 Exercised (769 ) 1.31 Cancelled/forfeited (363 ) 7.45 Options outstanding at June 30, 2017 5,992 $ 7.47 As of June 30, 2017, there was $12.5 million of unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of 3.0 years. Restricted Stock Units RSU activity during the six months ended June 30, 2017 consisted of the following (in thousands, except weighted-average information): Awards Outstanding Weighted- Average Grant Date Fair Value RSUs outstanding at December 31, 2016 373 $ 12.30 Granted 148 17.11 Cancelled/forfeited (61 ) 12.89 RSUs outstanding at June 30, 2017 460 $ 13.78 RSUs outstanding as of December 31, 2016, or pre-2017 pre-2017 pre-2017 As of June 30, 2017, total unrecognized compensation expense, adjusted for estimated forfeitures, related to unvested RSUs was approximately $4.2 million, which is expected to be recognized over a weighted-average period of 1.8 years. We classified stock-based compensation expense in the accompanying consolidated statements of operations and comprehensive loss as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Cost of revenue $ 124 $ 22 $ 245 $ 48 Research and development 463 71 699 144 Sales and marketing 524 324 1,183 634 General and administrative 1,177 374 2,103 602 Total $ 2,288 $ 791 $ 4,230 $ 1,428 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 7. Commitments and Contingencies Leases We have various non-cancelable Indemnification In the ordinary course of business, we enter into agreements in which we may agree to indemnify other parties with respect to certain matters, including losses resulting from claims of intellectual property infringement, damages to property or persons, business losses, or other liabilities. In addition, we have entered into indemnification agreements with our directors, executive officers, and certain other employees that will require us to indemnify them against liabilities that may arise by reason of their status or service as directors, officers, or employees. The term of these indemnification agreements with our directors, executive officers, and other employees, are generally perpetual after execution of the agreement. The maximum potential amount of future payments we could be required to make under these indemnification provisions is unlimited; however, we maintain insurance that reduces our exposure and enables us to recover a portion of any future amounts paid. As of June 30, 2017 and December 31, 2016, we have not accrued a liability for these indemnification provisions because the likelihood of incurring a payment obligation, if any, in connection with these arrangements is not probable or reasonably estimable. Litigation From time to time, we may be involved in lawsuits, claims, investigations, and proceedings, consisting of intellectual property, commercial, employment, and other matters, which arise in the ordinary course of business. We are not currently a party to any material legal proceedings or claims, nor are we aware of any pending or threatened litigation or claims that could have a material adverse effect on our business, operating results, cash flows, or financial condition should such litigation or claim be resolved unfavorably. |
Income Taxes
Income Taxes | 6 Months Ended |
Jun. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 8. Income Taxes The following table presents details of the provision for (benefit of) income taxes and our effective tax rates (in thousands except percentages): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Provision for (benefit of) income taxes $ (807 ) $ 53 $ (657 ) $ 90 Effective tax rate (10.3 %) 0.7 % (4.9 %) 0.6 % We account for income taxes according to ASC 740, Income Taxes, pre-tax year-to-date We evaluate whether to record a valuation allowance against our deferred tax assets by considering all available positive and negative evidence, using a “more likely than not” realization standard, including our cumulative losses, and the amount and timing of future taxable income. Based on our review, we will continue to maintain a full valuation allowance against our U.S. deferred tax assets. The income tax benefit of $0.8 million and $0.7 million for the three and six months ended June 30, 2017, respectively, primarily relates to a discrete tax benefit of $1.0 million related to a decrease in our valuation allowance against our deferred tax assets related to the Yhat acquisition, offset in part by U.S. and Czech tax expense from the sale of the intellectual property related to our products from the U.S. parent company to wholly owned subsidiaries outside the United States and from the Czech subsidiary to the U.S. parent company and other wholly owned subsidiaries outside the United States. Neither we nor any of our subsidiaries are currently under examination from tax authorities in the jurisdictions in which we do business. |
Basic and Diluted Net Loss Per
Basic and Diluted Net Loss Per Share | 6 Months Ended |
Jun. 30, 2017 | |
Earnings Per Share [Abstract] | |
Basic and Diluted Net Loss Per Share | 9. Basic and Diluted Net Loss Per Share In periods in which we have net income, we apply the two-class two-class Under the two-class Diluted net loss per share attributable to common stockholders adjusts basic net loss per share for the potentially dilutive impact of stock options and convertible preferred stock. As we have reported losses attributable to common stockholders for all periods presented, all potentially dilutive securities are antidilutive and accordingly, basic net loss per share equals diluted net loss per share. Basic and diluted net loss per share attributable to common stockholders for Class A and Class B common stock were the same because they were entitled to the same liquidation and dividend rights. The following weighted-average equivalent shares of common stock were excluded from the diluted net loss per share calculation because their inclusion would have been anti-dilutive (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Options to purchase common stock 6,035 5,475 6,099 5,249 Unvested restricted stock units 434 — 407 — Conversion of convertible preferred stock — 14,647 6,635 14,647 Total shares excluded from net loss per share 6,469 20,122 13,141 19,896 |
Segment and Geographic Informat
Segment and Geographic Information | 6 Months Ended |
Jun. 30, 2017 | |
Segment Reporting [Abstract] | |
Segment and Geographic Information | 10. Segment and Geographic Information Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, or CODM, who is our chief executive officer, in deciding how to allocate resources and assess our financial and operational performance. Our CODM evaluates our financial information and resources and assesses the performance of these resources on a consolidated and aggregated basis. As a result, we have determined that our business operates in a single operating segment. Our operations outside the United States include sales offices in Canada, Germany, Czech Republic, and the United Kingdom. Revenue by location is determined by the billing address of the customer. The following sets forth our revenue by geographic region (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 United States $ 23,701 $ 16,229 $ 46,293 $ 31,474 International 6,618 3,743 12,571 6,892 Total $ 30,319 $ 19,972 $ 58,864 $ 38,366 No countries outside the United States comprised more than 10% of revenue for any of the periods presented. |
Significant Accounting Polici18
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Correction of an Error | Correction of an Error In the course of preparing our consolidated financial statements as of and for the year ended December 31, 2016, we identified an error related to the improper calculation of royalty expense during the year ended December 31, 2016 associated with licensed third-party syndicated data. We have determined that the error was not material to our interim financial statements. The correction of this error resulted in a revision which increased cost of revenue, loss from operations, and net loss by $0.3 million and $0.8 million for the three and six months ended June 30, 2016, respectively. |
Use of Estimates | Use of Estimates The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates and assumptions. On an ongoing basis, our management evaluates estimates and assumptions based on historical data and experience, as well as various other factors that our 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. |
Business Combinations | Business Combinations The results of businesses acquired in a business combination are included in our condensed consolidated financial statements from the date of the acquisition. We allocated the purchase price, including the fair value of any non-cash Contingent consideration payable in cash or a fixed dollar amount settleable in a variable number of shares is classified as a liability and recorded at fair value, with changes in fair value recorded in general and administrative expenses each period. Transaction costs associated with business combinations are expensed as incurred, and are included in general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. We perform valuations of assets acquired, liabilities assumed, and contingent consideration and allocate the purchase price to its respective assets and liabilities. Determining the fair value of assets acquired, liabilities assumed, and contingent consideration requires us to use significant judgment and estimates including the selection of valuation methodologies, estimates of future revenue, costs and cash flows, discount rates, the probability of the achievement of specified milestones, and selection of comparable companies. We engage the assistance of valuation specialists in concluding on fair value measurements in connection with determining fair values of assets acquired, liabilities assumed, and contingent consideration in a business combination. |
Intangible Assets | Intangible Assets Intangible assets consist of acquired developed technology. We determine the appropriate useful life of our intangible assets by performing an analysis of expected cash flows of the acquired assets. Intangible assets are amortized over their estimated useful lives of three to seven years, using the straight-line method, which approximates the pattern in which the economic benefits are consumed. |
Goodwill | Goodwill Goodwill represents the excess of the purchase price over the fair value of net assets acquired in a business combination. We test goodwill for impairment in accordance with the provisions of Accounting Standards Codification, or ASC, 350, Intangibles – Goodwill and Other ASC 350 provides that an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then additional impairment testing is not required. However, if an entity concludes otherwise, then it is required to perform the first of a two-step The first step involves comparing the estimated fair value of a reporting unit with its book value, including goodwill. If the estimated fair value exceeds book value, goodwill is considered not to be impaired and no additional steps are necessary. If, however, the fair value of the reporting unit is less than book value, then the carrying amount of the goodwill is compared with its implied fair value. The estimate of implied fair value of goodwill may require valuations of certain internally generated and unrecognized intangible assets. If the carrying amount of goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to the excess. We have one reporting unit and we test for goodwill impairment annually during the fourth quarter of each calendar year. |
Variable Interest Entities | Variable Interest Entities In accordance with ASC 810, Consolidation As of June 30, 2017 and December 31, 2016, we determined that two of our distributors were VIEs under the guidance of ASC 810, Consolidation |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2017-04, Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-01, Clarifying the Definition of a Business In November 2016, the FASB issued ASU 2016-18, Restricted Cash In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory Income Taxes, In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments In March 2016, the FASB issued ASU 2016-09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases 2016-02, right-of-use right-of-use In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2015-14, 2014-09 |
Fair Value Measurements | Fair Value Measurements We utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. We determine fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities at the Level 2 Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active near the measurement date; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The fair value of our money market funds was determined based on “Level 1” inputs. The fair value of certificates of deposit, U.S. Treasury and agency bonds, and corporate bonds were determined based on “Level 2” inputs. The valuation techniques used to measure the fair value of certificates of deposit included observable market-based inputs for similar assets, which primarily include yield curves and time-to-maturity two-sided There were no marketable securities measured on a recurring basis in the “Level 3” category. We have not elected the fair value option as prescribed by ASC 825, The Fair Value Option for Financial Assets and Financial Liabilities |
Income Taxes | Income Taxes We account for income taxes according to ASC 740, Income Taxes, pre-tax year-to-date We evaluate whether to record a valuation allowance against our deferred tax assets by considering all available positive and negative evidence, using a “more likely than not” realization standard, including our cumulative losses, and the amount and timing of future taxable income. Based on our review, we will continue to maintain a full valuation allowance against our U.S. deferred tax assets. The income tax benefit of $0.8 million and $0.7 million for the three and six months ended June 30, 2017, respectively, primarily relates to a discrete tax benefit of $1.0 million related to a decrease in our valuation allowance against our deferred tax assets related to the Yhat acquisition, offset in part by U.S. and Czech tax expense from the sale of the intellectual property related to our products from the U.S. parent company to wholly owned subsidiaries outside the United States and from the Czech subsidiary to the U.S. parent company and other wholly owned subsidiaries outside the United States. Neither we nor any of our subsidiaries are currently under examination from tax authorities in the jurisdictions in which we do business. |
Basic and Diluted Net Loss Per Share | Basic and Diluted Net Loss Per Share In periods in which we have net income, we apply the two-class two-class Under the two-class Diluted net loss per share attributable to common stockholders adjusts basic net loss per share for the potentially dilutive impact of stock options and convertible preferred stock. As we have reported losses attributable to common stockholders for all periods presented, all potentially dilutive securities are antidilutive and accordingly, basic net loss per share equals diluted net loss per share. Basic and diluted net loss per share attributable to common stockholders for Class A and Class B common stock were the same because they were entitled to the same liquidation and dividend rights. |
Segment and Geographic Information | Segment and Geographic Information Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker, or CODM, who is our chief executive officer, in deciding how to allocate resources and assess our financial and operational performance. Our CODM evaluates our financial information and resources and assesses the performance of these resources on a consolidated and aggregated basis. As a result, we have determined that our business operates in a single operating segment. |
Business Combinations (Tables)
Business Combinations (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Business Combinations [Abstract] | |
Summary of Purchase Consideration Related to Each Acquisition | The following table presents details of the purchase consideration related to each acquisition. Company Acquired Month Cash Equity Cash Contingent Contingent Semanta January 2017 $ 3,944 $ — $ 500 $ 2,300 $ 1,160 Yhat May 2017 5,535 5,285 — — — $ 9,479 $ 5,285 $ 500 $ 2,300 $ 1,160 |
Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the dates of each acquisition (in thousands): Assets acquired and liabilities assumed: Cash and cash equivalents $ 382 Accounts receivable 247 Prepaid expenses and other assets 68 Property and equipment 54 Intangible assets 9,220 Goodwill 8,724 Accounts payable (479 ) Accrued expenses, deferred revenue and other current liabilities (205 ) Deferred tax liability, included in other liabilities (1,587 ) Total purchase consideration $ 16,424 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Summary of Cash and Cash Equivalents and Investments' Costs, Gross Unrealized Gains (Losses), and Fair Value by Major Security Type Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Investments | The following tables present our cash and cash equivalents and investments’ costs, gross unrealized gains (losses), and fair value by major security type recorded as cash and cash equivalents or short-term or long-term investments as of June 30, 2017 and December 31, 2016 (in thousands): As of June 30, 2017 Gross Cash and Unrealized Cash Short-term Long-term Cost Gains (Losses) Fair Value Equivalents Investments Investments Cash $ 89,576 $ — $ 89,576 $ 89,576 $ — $ — Level 1: Money market funds 5,840 — 5,840 5,840 — — Subtotal 5,840 — 5,840 5,840 — — Level 2: Certificates of deposit 5,894 — 5,894 — 5,894 — U.S. Treasury and agency bonds 53,554 (65 ) 53,489 2,999 20,477 30,013 Corporate bonds 27,947 (30 ) 27,917 — 27,917 — Subtotal 87,395 (95 ) 87,300 2,999 54,288 30,013 Level 3 — — — — — — Total $ 182,811 $ (95 ) $ 182,716 $ 98,415 $ 54,288 $ 30,013 As of December 31, 2016 Gross Cash and Unrealized Cash Short-term Long-term Cost Gains (Losses) Fair Value Equivalents Investments Investments Cash $ 10,499 $ — $ 10,499 $ 10,499 $ — $ — Level 1: Money market funds 20,807 — 20,807 20,807 — — Subtotal 20,807 — 20,807 20,807 — — Level 2: — Certificates of deposit 10,552 — 10,552 — 10,552 — Corporate bonds 10,770 72 10,842 — 10,842 — Subtotal 21,322 72 21,394 — 21,394 — Level 3 — — — — — — Total $ 52,628 $ 72 $ 52,700 $ 31,306 $ 21,394 $ — |
Reconciliation of Beginning and Ending Balances of Acquisition-Related Accrued Contingent Consideration | The following table presents a reconciliation of the beginning and ending balances of acquisition-related accrued contingent consideration using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2017 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Beginning balance $ 1,160 $ — $ — $ — Obligations assumed — — 1,160 — Change in fair value 158 — 158 — Ending balance $ 1,318 $ — $ 1,318 $ — |
Equity Awards (Tables)
Equity Awards (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Stock Option Activity | Stock option activity during the six months ended June 30, 2017 consisted of the following (in thousands, except weighted-average information): Options Outstanding Weighted- Average Exercise Price Options outstanding at December 31, 2016 6,318 $ 5.65 Granted 806 15.82 Exercised (769 ) 1.31 Cancelled/forfeited (363 ) 7.45 Options outstanding at June 30, 2017 5,992 $ 7.47 |
Schedule of RSU Activity | RSU activity during the six months ended June 30, 2017 consisted of the following (in thousands, except weighted-average information): Awards Outstanding Weighted- Average Grant Date Fair Value RSUs outstanding at December 31, 2016 373 $ 12.30 Granted 148 17.11 Cancelled/forfeited (61 ) 12.89 RSUs outstanding at June 30, 2017 460 $ 13.78 |
Schedule of Stock-based Compensation Expense | We classified stock-based compensation expense in the accompanying consolidated statements of operations and comprehensive loss as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Cost of revenue $ 124 $ 22 $ 245 $ 48 Research and development 463 71 699 144 Sales and marketing 524 324 1,183 634 General and administrative 1,177 374 2,103 602 Total $ 2,288 $ 791 $ 4,230 $ 1,428 |
Income Taxes (Tables)
Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule of Provision for (Benefit of) Income Taxes and Effective Tax Rates | The following table presents details of the provision for (benefit of) income taxes and our effective tax rates (in thousands except percentages): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Provision for (benefit of) income taxes $ (807 ) $ 53 $ (657 ) $ 90 Effective tax rate (10.3 %) 0.7 % (4.9 %) 0.6 % |
Basic and Diluted Net Loss Pe23
Basic and Diluted Net Loss Per Share (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of Anti-dilutive Securities Excluded from Computation of Diluted Net Loss Per Share | The following weighted-average equivalent shares of common stock were excluded from the diluted net loss per share calculation because their inclusion would have been anti-dilutive (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Options to purchase common stock 6,035 5,475 6,099 5,249 Unvested restricted stock units 434 — 407 — Conversion of convertible preferred stock — 14,647 6,635 14,647 Total shares excluded from net loss per share 6,469 20,122 13,141 19,896 |
Segment and Geographic Inform24
Segment and Geographic Information (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Segment Reporting [Abstract] | |
Schedule of Revenue by Geographic Region | The following sets forth our revenue by geographic region (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 United States $ 23,701 $ 16,229 $ 46,293 $ 31,474 International 6,618 3,743 12,571 6,892 Total $ 30,319 $ 19,972 $ 58,864 $ 38,366 |
Business - Additional Informati
Business - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 1 Months Ended | 6 Months Ended | ||
Apr. 30, 2017 | Mar. 31, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | |
Organization And Description Of Business [Line Items] | ||||
Aggregate net proceeds from IPO | $ 134,757 | |||
Common Stock shares issued | 58,711 | 32,674 | ||
Common stock shares outstanding | 58,711 | 32,674 | ||
Class A Common Stock [Member] | ||||
Organization And Description Of Business [Line Items] | ||||
Common Stock shares issued | 10,700 | |||
Common stock shares outstanding | 10,700 | |||
Class A Common Stock [Member] | IPO [Member] | ||||
Organization And Description Of Business [Line Items] | ||||
Shares issued, common stock | 10,400 | |||
Shares sold in IPO, price per share | $ 14 | |||
Aggregate net proceeds from IPO | $ 131,400 | |||
Class A Common Stock [Member] | Over-Allotment Option [Member] | ||||
Organization And Description Of Business [Line Items] | ||||
Shares issued, common stock | 1,400 | |||
Class B Common Stock [Member] | ||||
Organization And Description Of Business [Line Items] | ||||
Common Stock shares issued | 48,000 | |||
Common stock shares outstanding | 48,000 |
Summary of Significant Accounti
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Significant Accounting Policies [Line Items] | ||||
Increase in cost of revenue | $ 5,294 | $ 3,766 | $ 10,120 | $ 7,665 |
Loss from operations | (8,138) | (7,215) | (13,752) | (13,621) |
Net loss | $ (6,994) | (7,456) | $ (12,661) | (13,989) |
Minimum [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Intangible assets estimated useful lives | 3 years | |||
Maximum [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Intangible assets estimated useful lives | 7 years | |||
Restatement Adjustment [Member] | ||||
Significant Accounting Policies [Line Items] | ||||
Increase in cost of revenue | 300 | 800 | ||
Loss from operations | (300) | (800) | ||
Net loss | $ (300) | $ (800) |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) - USD ($) $ in Thousands | Jan. 31, 2017 | Jan. 31, 2017 | Jun. 30, 2017 | Jun. 30, 2017 | May 31, 2017 |
Business Acquisition [Line Items] | |||||
Contingent earn-out consideration | $ 2,300 | $ 2,300 | |||
Business combination equity interests issued and issuable | 1,160 | 1,160 | |||
Completed Technology [Member] | Level 3 [Member] | |||||
Business Acquisition [Line Items] | |||||
Market participant tax rate | 40.00% | ||||
Fair value of completed technology | $ 9,200 | ||||
Weighted average amortization period | 5 years 8 months 12 days | ||||
General and Administrative [Member] | |||||
Business Acquisition [Line Items] | |||||
Acquisition related costs | 300 | 900 | |||
Minimum [Member] | Completed Technology [Member] | Level 3 [Member] | |||||
Business Acquisition [Line Items] | |||||
Discount rate | 35.00% | ||||
Maximum [Member] | Completed Technology [Member] | Level 3 [Member] | |||||
Business Acquisition [Line Items] | |||||
Discount rate | 45.00% | ||||
Semanta, s.r.o [Member] | |||||
Business Acquisition [Line Items] | |||||
Business combination acquired percentage | 100.00% | 100.00% | |||
Cash consideration held back for customary indemnification matters period | 24 months | ||||
Contingent earn-out consideration | 2,300 | 2,300 | |||
Business combination equity interests issued and issuable | $ 1,160 | $ 1,160 | |||
Semanta, s.r.o [Member] | Class B Common Stock [Member] | |||||
Business Acquisition [Line Items] | |||||
Contingent earn-out consideration | $ 2,300 | $ 2,300 | |||
Contingent earn-out consideration payment period | 2 years | ||||
Business combination equity interests issued and issuable | $ 1,200 | $ 1,200 | |||
Yhat, Inc. [Member] | |||||
Business Acquisition [Line Items] | |||||
Business combination acquired percentage | 100.00% |
Business Combinations - Summary
Business Combinations - Summary of Purchase Consideration Related to Each Acquisition (Detail) $ in Thousands | 6 Months Ended |
Jun. 30, 2017USD ($) | |
Business Acquisition [Line Items] | |
Cash Consideration Paid | $ 9,479 |
Equity Consideration Paid | 5,285 |
Cash Holdback | 500 |
Contingent Consideration Maximum | 2,300 |
Contingent Consideration Fair Value | $ 1,160 |
Semanta, s.r.o [Member] | |
Business Acquisition [Line Items] | |
Month Acquired | 2017-01 |
Cash Consideration Paid | $ 3,944 |
Cash Holdback | 500 |
Contingent Consideration Maximum | 2,300 |
Contingent Consideration Fair Value | $ 1,160 |
Yhat, Inc. [Member] | |
Business Acquisition [Line Items] | |
Month Acquired | 2017-05 |
Cash Consideration Paid | $ 5,535 |
Equity Consideration Paid | $ 5,285 |
Business Combinations - Summa29
Business Combinations - Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed (Detail) $ in Thousands | Jun. 30, 2017USD ($) |
Assets acquired and liabilities assumed: | |
Goodwill | $ 8,724 |
Semanta, s.r.o and Yhat, Inc. [Member] | |
Assets acquired and liabilities assumed: | |
Cash and cash equivalents | 382 |
Accounts receivable | 247 |
Prepaid expenses and other assets | 68 |
Property and equipment | 54 |
Intangible assets | 9,220 |
Goodwill | 8,724 |
Accounts payable | (479) |
Accrued expenses, deferred revenue and other current liabilities | (205) |
Deferred tax liability, included in other liabilities | (1,587) |
Total purchase consideration | $ 16,424 |
Fair Value Measurements - Summa
Fair Value Measurements - Summary of Cash and Cash Equivalents and Investments' Costs, Gross Unrealized Losses, and Fair Value by Major Security Type Recorded as Cash and Cash Equivalents or Short-Term or Long-Term Investments (Detail) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Short-term investments | $ 54,288 | $ 21,394 |
Long-term investments | 30,013 | |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 182,811 | 52,628 |
Gross Unrealized Gains (Losses) | (95) | 72 |
Fair Value | 182,716 | 52,700 |
Cash and Cash Equivalents | 98,415 | 31,306 |
Short-term investments | 54,288 | 21,394 |
Long-term investments | 30,013 | |
Fair Value, Measurements, Recurring [Member] | Cash [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 89,576 | 10,499 |
Fair Value | 89,576 | 10,499 |
Cash and Cash Equivalents | 89,576 | 10,499 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 5,840 | 20,807 |
Fair Value | 5,840 | 20,807 |
Cash and Cash Equivalents | 5,840 | 20,807 |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | Money Market Funds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 5,840 | 20,807 |
Fair Value | 5,840 | 20,807 |
Cash and Cash Equivalents | 5,840 | 20,807 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 87,395 | 21,322 |
Gross Unrealized Gains (Losses) | (95) | 72 |
Fair Value | 87,300 | 21,394 |
Cash and Cash Equivalents | 2,999 | |
Short-term investments | 54,288 | 21,394 |
Long-term investments | 30,013 | |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Certificates of Deposit [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 5,894 | 10,552 |
Fair Value | 5,894 | 10,552 |
Short-term investments | 5,894 | 10,552 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | Corporate Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 27,947 | 10,770 |
Gross Unrealized Gains (Losses) | (30) | 72 |
Fair Value | 27,917 | 10,842 |
Short-term investments | 27,917 | $ 10,842 |
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | U.S. Treasury and Agency Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Cost | 53,554 | |
Gross Unrealized Gains (Losses) | (65) | |
Fair Value | 53,489 | |
Cash and Cash Equivalents | 2,999 | |
Short-term investments | 20,477 | |
Long-term investments | $ 30,013 |
Fair Value Measurements - Addit
Fair Value Measurements - Additional Information (Detail) | 6 Months Ended | |
Jun. 30, 2017USD ($)Security | Dec. 31, 2016USD ($) | |
Fair Value Disclosures [Line Items] | ||
Fair value transfer between Level 1, Level 2 or Level 3 | $ 0 | |
Number of securities in an unrealized loss position for less than 12 months | Security | 23 | |
Fair value of securities in an unrealized loss position for less than 12 months | $ 73,800,000 | |
Gross unrealized losses | 100,000 | |
Domestic Cash and Investments [Member] | ||
Fair Value Disclosures [Line Items] | ||
Cash and cash equivalents, restricted cash and investments | $ 177,700,000 | $ 52,900,000 |
Minimum [Member] | ||
Fair Value Disclosures [Line Items] | ||
Long-term investments maturity period | 1 year | |
Maximum [Member] | ||
Fair Value Disclosures [Line Items] | ||
Long-term investments maturity period | 2 years |
Fair Value Measurements - Recon
Fair Value Measurements - Reconciliation of Beginning and Ending Balances of Acquisition-Related Accrued Contingent Consideration (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2017 | Jun. 30, 2017 | |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | $ 1,160 | |
Obligations assumed | $ 1,160 | |
Change in fair value | 158 | 158 |
Ending balance | $ 1,318 | $ 1,318 |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) | 1 Months Ended | 6 Months Ended | ||
Feb. 28, 2017Vote | Jun. 30, 2017$ / sharesshares | Mar. 31, 2017$ / sharesshares | Dec. 31, 2016$ / sharesshares | |
Stockholders Equity Note [Line Items] | ||||
Reverse stock split ratio | 2 | |||
Common stock voting rights description | The Class A common stock is entitled to one vote per share and the Class B common stock is entitled to ten votes per share. | |||
Common stock conversion basis | Class B common stock converts to Class A common stock at any time at the option of the holder, or automatically upon the date that is the earliest of (i) the date specified by a vote of the holders of at least 66 2/3% of the outstanding shares of Class B common stock, (ii) March 29, 2027, and (iii) the date that the total number of shares of Class B common stock outstanding cease to represent at least 10% of the aggregate number of shares of Class A common stock and Class B common stock then outstanding. In addition, each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, except for certain permitted transfers described in our restated certificate of incorporation, or the Restated Certificate. | |||
Common stock shares authorized | shares | 1,000,000,000 | 56,025,000 | ||
Common stock par value per share | $ / shares | $ 0.0001 | $ 0.0001 | ||
Preferred stock shares authorized | shares | 10,000,000 | 0 | ||
Preferred stock par value per share | $ / shares | $ 0.0001 | $ 0.0001 | ||
Class A Common Stock [Member] | ||||
Stockholders Equity Note [Line Items] | ||||
Number of votes per share | Vote | 1 | |||
Common stock shares authorized | shares | 500,000,000 | |||
Common stock par value per share | $ / shares | $ 0.0001 | |||
Class B Common Stock [Member] | ||||
Stockholders Equity Note [Line Items] | ||||
Number of votes per share | Vote | 10 | |||
Threshold percentage of common stock conversion | 10.00% | |||
Common stock shares authorized | shares | 500,000,000 | |||
Common stock par value per share | $ / shares | $ 0.0001 | |||
Undesignated Preferred Stock [Member] | ||||
Stockholders Equity Note [Line Items] | ||||
Preferred stock shares authorized | shares | 10,000,000 | |||
Preferred stock par value per share | $ / shares | $ 0.0001 | |||
Minimum [Member] | ||||
Stockholders Equity Note [Line Items] | ||||
Percentage of votes required for stock conversion | 66.67% |
Equity Awards - Additional Info
Equity Awards - Additional Information (Detail) - USD ($) $ in Millions | 1 Months Ended | 6 Months Ended |
Feb. 28, 2017 | Jun. 30, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Unrecognized compensation cost related to unvested stock options | $ 12.5 | |
Stock Options [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Weighted-average period over which unrecognized compensation cost is expected to be recognized | 3 years | |
Restricted Stock Units [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Weighted-average period over which unrecognized compensation cost is expected to be recognized | 1 year 9 months 18 days | |
Unrecognized compensation expense, adjusted for estimated forfeitures, related to unvested RSUs | $ 4.2 | |
Pre-2017 RSU's [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Awards vesting period upon service condition satisfied | 4 years | |
Share-based compensation expense related to pre-2017 RSUs | $ 1.1 | |
Pre-2017 RSUs vesting description | RSUs outstanding as of December 31, 2016, or pre-2017 RSUs, vest upon the satisfaction of both a service condition and a liquidity condition. The service condition for these awards will be satisfied over four years. The liquidity condition is satisfied upon the occurrence of a qualifying event, defined as a change of control transaction, or 180 days following the closing of the IPO, which occurred in March 2017. Beginning on the closing of the IPO in March 2017, we recognized a cumulative share-based compensation expense for the portion of the pre-2017 RSUs that had met the service condition. | |
Amended and Restated 2013 Stock Plan [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock reserved for issuance under equity award plans | 0 | |
Stock plan termination date | Mar. 22, 2017 | |
2017 Equity Incentive Plan [Member] | Class A Common Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock reserved for issuance under equity award plans | 5,100,000 | 5,400,000 |
2017 Equity Incentive Plan [Member] | Common Class A and Class B [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Common stock outstanding percentage | 5.00% | |
2013 Plan [Member] | Class A Common Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock reserved for issuance under equity award plans | 800,000 | |
2017 Employee Stock Purchase Plan [Member] | Class A Common Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock reserved for issuance under equity award plans | 1,100,000 | |
2017 Employee Stock Purchase Plan [Member] | Class A Common Stock [Member] | Maximum [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Aggregate number of shares issued | 11,000,000 | |
2017 Employee Stock Purchase Plan [Member] | Common Class A and Class B [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Common stock outstanding percentage | 1.00% |
Equity Awards - Schedule of Sto
Equity Awards - Schedule of Stock Option Activity (Detail) shares in Thousands | 6 Months Ended |
Jun. 30, 2017$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |
Options Outstanding, Beginning Balance | shares | 6,318 |
Options Outstanding, Granted | shares | 806 |
Options Outstanding, Exercised | shares | (769) |
Options Outstanding, Cancelled/forfeited | shares | (363) |
Options Outstanding, Ending Balance | shares | 5,992 |
Weighted- Average Exercise Price, Beginning Balance | $ / shares | $ 5.65 |
Weighted- Average Exercise Price, Granted | $ / shares | 15.82 |
Weighted- Average Exercise Price, Exercised | $ / shares | 1.31 |
Weighted- Average Exercise Price, Cancelled/forfeited | $ / shares | 7.45 |
Weighted- Average Exercise Price, Ending Balance | $ / shares | $ 7.47 |
Equity Awards - Schedule RSU Ac
Equity Awards - Schedule RSU Activity (Detail) - Restricted Stock Units [Member] shares in Thousands | 6 Months Ended |
Jun. 30, 2017$ / sharesshares | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] | |
Awards Outstanding, Beginning Balance | shares | 373 |
Awards Outstanding, Granted | shares | 148 |
Awards Outstanding, Cancelled/forfeited | shares | (61) |
Awards Outstanding, Ending Balance | shares | 460 |
Weighted- Average Grant Date Fair Value (Per Share) Beginning Balance | $ / shares | $ 12.30 |
Weighted- Average Grant Date Fair Value (Per Share), Granted | $ / shares | 17.11 |
Weighted- Average Grant Date Fair Value (Per Share), Cancelled/forfeited | $ / shares | 12.89 |
Weighted- Average Grant Date Fair Value (Per Share), Ending Balance | $ / shares | $ 13.78 |
Equity Awards - Schedule of S37
Equity Awards - Schedule of Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | $ 2,288 | $ 791 | $ 4,230 | $ 1,428 |
Cost of Revenue [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | 124 | 22 | 245 | 48 |
Research and Development [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | 463 | 71 | 699 | 144 |
Selling and Marketing [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | 524 | 324 | 1,183 | 634 |
General and Administrative [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items] | ||||
Stock-based Compensation Expense | $ 1,177 | $ 374 | $ 2,103 | $ 602 |
Income Taxes - Schedule of Prov
Income Taxes - Schedule of Provision for (Benefit of) Income Taxes and Effective Tax Rates (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Income Tax Disclosure [Abstract] | ||||
Provision for (benefit of) income taxes | $ (807) | $ 53 | $ (657) | $ 90 |
Effective tax rate | (10.30%) | 0.70% | (4.90%) | 0.60% |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Income Taxes [Line Items] | ||||
Income tax benefit | $ (807) | $ 53 | $ (657) | $ 90 |
Intellectual Property [Member] | Yhat, Inc. [Member] | ||||
Income Taxes [Line Items] | ||||
Discrete tax benefit | $ 1,000 |
Basic and Diluted Net Loss Pe40
Basic and Diluted Net Loss Per Share - Schedule of Anti-dilutive Securities Excluded from Computation of Diluted Net Loss Per Share (Detail) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Total shares excluded from net loss per share | 6,469 | 20,122 | 13,141 | 19,896 |
Stock Options [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Total shares excluded from net loss per share | 6,035 | 5,475 | 6,099 | 5,249 |
Unvested Restricted Stock Units [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Total shares excluded from net loss per share | 434 | 407 | ||
Conversion of Convertible Preferred Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Total shares excluded from net loss per share | 14,647 | 6,635 | 14,647 |
Segment and Geographic Inform41
Segment and Geographic Information - Additional Information (Detail) | 6 Months Ended |
Jun. 30, 2017Segment | |
Segment Reporting Information [Line Items] | |
Number of operating segments | 1 |
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | International [Member] | |
Segment Reporting Information [Line Items] | |
Concentration risk, percentage | 10.00% |
Segment and Geographic Inform42
Segment and Geographic Information - Schedule of Revenue by Geographic Region (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Segment Reporting Information [Line Items] | ||||
Revenues | $ 30,319 | $ 19,972 | $ 58,864 | $ 38,366 |
United States [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | 23,701 | 16,229 | 46,293 | 31,474 |
International [Member] | ||||
Segment Reporting Information [Line Items] | ||||
Revenues | $ 6,618 | $ 3,743 | $ 12,571 | $ 6,892 |