Alteryx Announces Third Quarter 2019 Financial Results

Exhibit 99.1

Alteryx Announces Third Quarter 2019 Financial Results

Third Quarter Revenue of $103.4 Million, up 65% Year-Over-Year Dollar-Based Net Expansion Rate of 132%

IRVINE, Calif. ? October 31, 2019 ? Alteryx, Inc. (NYSE: AYX), revolutionizing business through data science and analytics, today announced financial results for its third quarter ended September 30, 2019.

"Our track record of strong execution continued in the third quarter," said Dean Stoecker, CEO of Alteryx, Inc. "We are emerging as a strategic partner for enterprises across the globe looking for real-world solutions to data challenges. Looking ahead, by continuing to bring innovative technologies to market while simultaneously broadening our go-to-market reach, we believe we are setting the stage for sustainable growth."

Third Quarter 2019 Financial Highlights ? Revenue: Revenue for the third quarter of 2019 was $103.4 million, an increase of 65%, compared to revenue of $62.6 million in the third quarter of 2018. ? Gross Profit: GAAP gross profit for the third quarter of 2019 was $93.8 million, or a GAAP gross margin of 91%, compared to GAAP gross profit of $56.8 million, or a GAAP gross margin of 91%, in the third quarter of 2018. Non-GAAP gross profit for the third quarter of 2019 was $95.3 million, or a non-GAAP gross margin of 92%, compared to non-GAAP gross profit of $57.5 million, or a non-GAAP gross margin of 92%, in the third quarter of 2018. ? Income from Operations: GAAP income from operations for the third quarter of 2019 was $11.9 million, compared to $9.4 million for the third quarter of 2018. Non-GAAP income from operations for the third quarter of 2019 was $22.0 million, compared to non-GAAP income from operations of $14.3 million for the third quarter of 2018. ? Net Income (Loss): GAAP net loss attributable to common stockholders for the third quarter of 2019 was $(6.2) million, compared to GAAP net income of $10.8 million for the third quarter of 2018. GAAP net loss per diluted share for the third quarter of 2019 was $(0.10), based on 64.0 million GAAP weighted-average diluted shares outstanding, compared to GAAP net income per diluted share of $0.17, based on 65.6 million GAAP weighted-average diluted shares outstanding for the third quarter of 2018. Non-GAAP net income and non-GAAP net income per diluted share for the third quarter of 2019 were $16.4 million and $0.24, respectively, compared to non-GAAP net income of $11.9 million and non-GAAP net income per diluted share of $0.18 for the third quarter of 2018. Non-GAAP net income per diluted share for the third quarter of 2019 was based on 69.5 million non-GAAP weighted-average diluted shares outstanding, compared to 65.6 million non-GAAP weighted-average diluted shares outstanding for the third quarter of 2018. ? Balance Sheet and Cash Flow: As of September 30, 2019, we had cash, cash equivalents, and short-term and long-term investments of $986.5 million, compared with $426.2 million as of December 31, 2018. Cash provided by operating activities for the first nine months of 2019 was $13.5 million compared to cash provided by operating activities of $11.7 million for the same period last year.

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 2019 and Recent Business Highlights

? Ended the third quarter of 2019 with 5,613 customers, a 30% increase from the third quarter of 2018. Added 335 net new customers in the third quarter of 2019.

? Achieved a dollar-based net expansion rate (annual contract value based) of 132% for the third quarter of 2019. ? Raised $800 million of additional growth capital via a convertible note offering in August 2019. ? Acquired Feature Labs to further enable Alteryx to address the data science and machine learning talent gap in October

2019.

Financial Outlook

As of October 31, 2019, guidance for the fourth quarter 2019 and full year 2019 is as follows:

? Fourth Quarter 2019 Guidance: ? Revenue is expected to be in the range of $128.0 million to $131.0 million, an increase of 44% to 47% year-overyear. ? Non-GAAP income from operations is expected to be in the range of $26.0 million to $29.0 million. ? Non-GAAP net income per share is expected to be in the range of $0.27 to $0.30 based on approximately 71.0 million non-GAAP weighted-average diluted shares outstanding and an effective tax rate of 20%.

? Full Year 2019 Guidance: ? Revenue is now expected to be in the range of $389.0 million to $392.0 million, an increase of 53% to 55% yearover-year. ? Non-GAAP income from operations is now expected to be in the range of $50.0 million to $53.0 million. ? Non-GAAP net income per share is now expected to be in the range of $0.57 to $0.60 based on approximately 69.1 million non-GAAP weighted-average diluted shares outstanding and an effective tax rate of 20%.

The financial outlook above for non-GAAP income (loss) from operations and non-GAAP net income (loss) per share excludes estimates for stock-based compensation expense, acquisition related adjustments, amortization of debt discount and issuance costs, and certain non-recurring items. A reconciliation of the non-GAAP financial guidance measures to corresponding GAAP measures is not available on a forward-looking basis primarily as a result of the uncertainty regarding, and the potential variability of, stockbased compensation expense, acquisition related adjustments, amortization of debt discount and issuance costs, and certain nonrecurring items. In particular, stock-based compensation expense is impacted by our future hiring and retention needs, as well as the future fair market value of our Class A common stock, all of which is not within our control, is difficult to predict, and is subject to constant change. The actual amount of these expenses during 2019 will have a significant impact on our future GAAP financial results. Accordingly, a reconciliation of the non-GAAP financial guidance measures to the corresponding GAAP measures is not available without unreasonable effort.

Quarterly Conference Call

Alteryx will host a conference call today at 5:00 p.m. Eastern Time to discuss the company's financial results. To access this call, dial 877-407-9716 (domestic) or 201-493-6779 (international). A live webcast of this conference call will be available on the "Investor Relations" page of the company's website at .

Following the conference call, a telephone replay will be available through November 7, 2019, at 844-512-2921 (domestic) or 412317-6671 (international). The replay passcode is 13695466. An archived webcast of this conference call will also be available on the "Investor Relations" page of the company's website at .

Non-GAAP Financial Measures and Operating Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net income (loss) per share, and non-GAAP weighted-average diluted shares outstanding. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP.

We use non-GAAP measures to internally evaluate and analyze financial results. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and enable comparison of our

financial results with other public companies, many of which present similar non-GAAP financial measures. We exclude the following items from one or more of our non-GAAP financial measures:

Stock-based compensation expense. We exclude stock-based compensation expense, which is a non-cash expense, from certain of our non-GAAP financial measures because we believe that excluding this item provides meaningful supplemental information regarding operational performance. In particular, companies calculate stock-based compensation expense using a variety of valuation methodologies and subjective assumptions.

Acquisition-related adjustments. We exclude amortization of intangible assets and changes in fair value of contingent consideration, which are non-cash, related to business combinations from certain of our non-GAAP financial measures. We exclude such expenses as they are related to a business combination and have no direct correlation to the operation of our business.

Convertible senior notes adjustments. We exclude the loss on induced conversion and loss on debt extinguishment and the portion of the amortization of debt discount and issuance costs that relate to the equity component of our convertible notes, which are noncash, from certain of our non-GAAP financial measures. We exclude such expenses as they are non-cash and have no direct correlation to the operation of our business.

Income tax adjustments. We utilize a fixed annual projected non-GAAP tax rate in order to provide better consistency across the interim reporting periods by eliminating the effects of items such as changes in the tax valuation allowance, excess tax benefits associated with stock options, and tax effects of acquisition-related costs, since each of these can vary in size and frequency. When projecting this rate, we evaluated an annual projection that excludes the direct impact of the following non-cash items: stock-based compensation expenses, amortization of purchased intangibles, the amortization of debt discount and issuance costs, and the loss on induced conversion and debt extinguishment. The projected rate also assumes no new acquisitions, and considers other factors including our expected tax structure, our tax positions in various jurisdictions and key legislation in major jurisdictions where we operate. We used a projected non-GAAP tax rate of 20% and 23% for 2019 and 2018, respectively. The non-GAAP tax rate could be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in our geographic earnings mix including due to acquisition activity, or other changes to our strategy or business operations. We will reevaluate our long-term rate as appropriate.

Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. In particular, we exclude stock-based compensation expense, amortization of intangible assets, and amortization of debt discount and issuance costs which are recurring and will be reflected in our financial results for the foreseeable future. The nonGAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding our outlook for the fourth quarter 2019 and full year 2019, our market opportunity, our ability to execute our long-term growth strategy, our non-GAAP tax rate for 2019, and other future events. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to: our ability to manage our growth effectively; our ability to expand our talent base, particularly our sales force and software engineers, and increase their productivity; our history of losses; the rate of growth in the market for analytics products and services; our dependence on our software platform for substantially all of our revenue; our ability to attract new customers, expand sales to existing customers and maintain the subscription amount and subscription term to renewing customers; our ability to develop and release product and service enhancements and new products and services to respond to rapid technological change in a timely and cost-effective manner; intense and increasing competition in our market; our ability to develop, maintain, and enhance our brand and reputation cost-effectively; our ability to establish and maintain successful relationships with our channel partners; our dependence on technology and data licensed to us by third parties; risks associated with our international operations; litigation, and related costs; security breaches; and other general market, political, economic, and business conditions.

Additional risks and uncertainties that could affect our financial results are included under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2018, which is available on the "Investor Relations" page of our website at and on the SEC website at . Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. All forward-looking statements contained herein are based on information available to us as of the date hereof and we do not assume any obligation to update these statements as a result of new information or future events.

About Alteryx, Inc.

Revolutionizing business through data science and analytics, Alteryx offers an end-to-end analytics platform that empowers data analysts and scientists alike to break data barriers, deliver insights, and experience the thrill of getting to the answer faster. Organizations all over the world rely on Alteryx daily to deliver actionable insights. For more information visit .

Alteryx is a registered trademark of Alteryx, Inc. All other product and brand names may be trademarks or registered trademarks of their respective owners.

Media Contact Alteryx, Inc. Emily Singer esinger@

Investor Contacts Alteryx, Inc. Karen Moran, 844-842-1912 VP Investor Relations ir@

Alteryx, Inc. Condensed Consolidated Statements of Operations

(in thousands, except per share data) (unaudited)

Revenue Cost of revenue

Gross profit Operating expenses:

Research and development Sales and marketing General and administrative

Total operating expenses Income (loss) from operations Interest expense Other income, net

Loss on induced conversion and debt extinguishment Income (loss) before benefit of income taxes Benefit of income taxes

Net income (loss)

Net income (loss) per share attributable to common stockholders, basic

Net income (loss) per share attributable to common stockholders, diluted

Weighted-average shares used to compute net income (loss) per share attributable to common stockholders, basic

Weighted-average shares used to compute net income (loss) per share attributable to common stockholders, diluted

Three Months Ended September 30, Nine Months Ended September 30,

2019

2018

2019

2018

$ 103,397 $

62,589 $ 261,460 $ 164,420

9,645

5,810

26,940

16,083

93,752

56,779

234,520

148,337

17,755

43,779

20,282

81,816

11,936

(6,477)

145

(20,507)

(14,903)

(8,663)

$

(6,240) $

$

(0.10) $

$

(0.10) $

10,531 24,934 11,920 47,385 9,394 (2,971) 1,755

-- 8,178 (2,643) 10,821 $

0.18 $

0.17 $

48,208 130,414 56,652 235,274

(754) (12,561)

3,821 (20,507) (30,001) (26,456) (3,545) $

(0.06) $

(0.06) $

31,480 74,552 33,653 139,685 8,652 (4,371 ) 1,691

-- 5,972 (5,507 ) 11,479

0.19

0.18

63,966

61,103

62,842

60,618

63,966

65,559

62,842

64,301

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