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Alteryx, Inc. (AYX) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Alteryx, Inc.

CIK: 1689923 Ticker: AYX
Exhibit 99.1
 alteryx_logoa.jpg
Alteryx Announces Third Quarter 2021 Financial Results

Third Quarter Revenue of $124 million, down (5)% Year-Over-Year
Annual Recurring Revenue of $579 million, up 29% Year-Over-Year
IRVINE, Calif. – November 2, 2021
– Alteryx, Inc. (NYSE: AYX), the Analytics Automation company, today announced financial results for its third quarter ended September 30, 2021.
"Alteryx delivered another solid quarter with 29% year-over-year ARR growth for the third quarter. We continue to drive meaningful progress on our transformation across all areas of our business and are well-positioned to scale the organization into 2022," said Mark Anderson, CEO of Alteryx, Inc. “Also, we recently acquired Hyper Anna and Lore IO, bringing more cloud-centric engineering and AI capabilities to the Alteryx portfolio.
Third Quarter 2021 Financial Highlights
Revenue: Revenue for the third quarter of 2021 was $123.5 million, a decrease of (5)%, compared to revenue of $129.7 million in the third quarter of 2020.
Gross Profit: GAAP gross profit for the third quarter of 2021 was $108.0 million, or a GAAP gross margin of 87%, compared to GAAP gross profit of $119.3 million, or a GAAP gross margin of 92%, in the third quarter of 2020. Non-GAAP gross profit for the third quarter of 2021 was $111.0 million, or a non-GAAP gross margin of 90%, compared to non-GAAP gross profit of $120.8 million, or a non-GAAP gross margin of 93%, in the third quarter of 2020.
Income (Loss) from Operations: GAAP loss from operations for the third quarter of 2021 was $(45.6) million, compared to GAAP income from operations of $9.6 million for the third quarter of 2020. Non-GAAP loss from operations for the third quarter of 2021 was $(10.1) million, compared to non-GAAP income from operations of $31.2 million for the third quarter of 2020.
Net Income (Loss): GAAP net loss attributable to common stockholders for the third quarter of 2021 was $(58.0) million, compared to GAAP net income attributable to common stockholders of $4.4 million for the third quarter of 2020. GAAP net loss per diluted share for the third quarter of 2021 was $(0.86), based on 67.3 million GAAP weighted-average diluted shares outstanding, compared to GAAP net income per diluted share of $0.06, based on 69.8 million GAAP weighted-average diluted shares outstanding for the third quarter of 2020.
Non-GAAP net loss and non-GAAP net loss per diluted share for the third quarter of 2021 were $(11.9) million and $(0.18), respectively, compared to non-GAAP net income of $27.1 million and non-GAAP net income per diluted share of $0.39 for the third quarter of 2020. Non-GAAP net loss per diluted share for the third quarter of 2021 was based on 67.3 million non-GAAP weighted-average diluted shares outstanding, compared to 69.8 million non-GAAP weighted-average diluted shares outstanding for the third quarter of 2020.
Balance Sheet and Cash Flow: Cash, cash equivalents, and short-term and long-term investments as of each of September 30, 2021 and December 31, 2020 were $1.0 billion. Cash provided by operating activities for the first nine months of 2021 was $24.3 million, compared to cash provided by operating activities of $16.3 million for the first nine months of 2020.
A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures and Operating Measures.”
Third Quarter 2021 and Recent Business Highlights
Ended the third quarter of 2021 with 7,689 customers, an 11% increase from the third quarter of 2020. Added 284 net new customers in the third quarter of 2021.
Achieved a dollar-based net expansion rate (annual contract value based) of 119% for the third quarter of 2021.
Ended the quarter with $578.6 million in annual recurring revenue (ARR), an increase of 29% year-over-year.
Earned multiple customer-driven accolades this quarter, including Customer's Choice for the 2021 Gartner Peer Insights for Data Science and Machine Learning Platforms.1
Acquired Hyper Anna and Lore IO to accelerate more functionality in the cloud and improve data discovery capabilities in our platform.
1

The following information was filed by Alteryx, Inc. (AYX) on Tuesday, November 2, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Alteryx, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss)
Condensed Consolidated Statements Of Stockholders' Equity
Allowance For Doubtful Accounts And Sales Reserves
Allowance For Doubtful Accounts And Sales Reserves (Details)
Allowance For Doubtful Accounts And Sales Reserves (Tables)
Basic And Diluted Net Income (Loss) Per Share
Basic And Diluted Net Income (Loss) Per Share (Details)
Basic And Diluted Net Income (Loss) Per Share (Tables)
Business
Contingencies
Contingencies (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Additional Information (Details)
Convertible Senior Notes - Summary Of Debt (Details)
Convertible Senior Notes - Summary Of Interest Expense (Details)
Equity Awards
Equity Awards (Tables)
Equity Awards - Additional Information (Details)
Equity Awards - Schedule Of Rsu Activity (Details)
Equity Awards - Schedule Of Stock Option Activity (Details)
Equity Awards - Schedule Of Stock-Based Compensation Expense (Details)
Equity Awards - Schedule Of Valuation Assumptions (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Additional Information (Details)
Fair Value Measurements - 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 (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets - Schedule Of Change In Carrying Amount Of Goodwill (Details)
Goodwill And Intangible Assets - Schedule Of Finite-Lived Intangible Assets Estimated Remaining Amortization Expense (Details)
Goodwill And Intangible Assets - Schedule Of Intangible Asset Amortization Expense (Details)
Goodwill And Intangible Assets - Schedule Of Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Schedule Of Provision For Income Taxes And Effective Tax Rates (Details)
Leases
Leases (Tables)
Leases - Lease Costs (Details)
Leases - Narrative (Details)
Leases - Supplemental Information (Details)
Leases - Undiscounted Cash Flows (Details)
Revenue
Revenue (Tables)
Revenue - Assets Recognized From Costs To Obtain Contracts With Customers (Details)
Revenue - Contract Assets And Contract Liabilities (Details)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Remaining Performance Obligation (Details)
Significant Accounting Policies
Significant Accounting Policies (Detail)
Significant Accounting Policies (Policies)
Subsequent Event
Subsequent Event (Details)

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Alteryx, Inc. provided additional information to their SEC Filing as exhibits

Ticker: AYX
CIK: 1689923
Form Type: 10-Q Quarterly Report
Accession Number: 0001689923-21-000097
Submitted to the SEC: Tue Nov 02 2021 6:51:35 PM EST
Accepted by the SEC: Wed Nov 03 2021
Period: Thursday, September 30, 2021
Industry: Prepackaged Software

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