# EDGAR Filing Document

**Accession Number:** 0001689923
**File Stem:** 0001689923-23-000010
**Filing Date:** 2023-2
**Character Count:** 84832
**Document Hash:** cd2ba23b71001e571f10df2daa7c094e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001689923-23-000010.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001689923-23-000010

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 33

**CONFORMED PERIOD OF REPORT**: 20230209

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alteryx, Inc.
- **CENTRAL INDEX KEY:** 0001689923
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 900673106
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38034
- **FILM NUMBER:** 23606302

**BUSINESS ADDRESS:**
- **STREET 1:** 17200 LAGUNA CANYON ROAD
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** (888) 836-4274

**MAIL ADDRESS:**
- **STREET 1:** 17200 LAGUNA CANYON ROAD
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618

?xml version="1.0" ? ayx-20230209

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

________________________________________________________________

**FORM 8-K** 

________________________________________________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported): February 9, 2023** 

________________________________________________________________

**ALTERYX, INC.** 

**(Exact Name of the Registrant as Specified in Charter)**

________________________________________________________________

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| | | |
|:---|:---|:---|
| **Delaware** | **001-38034** | **90-0673106** |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **17200 Laguna Canyon Road,** | **Irvine,** | **California** | **92618** |
| **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

**(888) 836-4274** 

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former Name or Former Address, if Changed Since Last Report)**

________________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Class A Common Stock, $0.0001 par value per share** | **AYX** | **New York Stock Exchange** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp; ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act&nbsp;&nbsp;&nbsp;&nbsp;☐

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**Item 2.02. Results of Operations and Financial Condition.**

On February 9, 2023, Alteryx, Inc., a Delaware corporation (the "Company"), issued a press release and a stockholder letter announcing the Company's financial results for the quarter and full year ended December 31, 2022. The press release and the stockholder letter are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.

The information furnished with this Item 2.02, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

**Item 9.01 Financial Statements and Exhibits.**

**(d) Exhibits**

---

| | |
|:---|:---|
| 99.1 | <u>[Press Release dated February](ayxex99112312022.htm)[9](ayxex99112312022.htm)[, 20](ayxex99112312022.htm)[23](ayxex99112312022.htm)</u>. |
| 99.2 | <u>[S](exh992alteryxq422shareho.htm)[hare](exh992alteryxq422shareho.htm)[holder Letter dated February 9, 2023.](exh992alteryxq422shareho.htm)</u> |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |

---

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | **ALTERYX, INC.** | **ALTERYX, INC.** |
| Date: | February 9, 2023 | By: | /s/ Christopher M. Lal |
|  |  | Name: | Christopher M. Lal |
|  |  | Title: | Chief Legal Officer and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

![alteryx_logo.jpg](alteryx_logo.jpg)

**Alteryx Announces Fourth Quarter and Full Year 2022 Financial Results**

Full Year 2022 Revenue of $855 million, up 60% Year-Over-Year

Annual Recurring Revenue of $834 million, up 31% Year-Over-Year

**IRVINE, Calif. – February 9, 2023** – Alteryx, Inc. (NYSE: AYX), the Analytics Automation company, today announced financial results for its fourth quarter and full year ended December 31, 2022.

"Alteryx delivered an excellent fourth quarter with annual recurring revenue (ARR) growth of 31% year-over-year, driven by continued success with large enterprises. We closed the year with strong momentum and improving operating profitability," said Mark Anderson, CEO of Alteryx, Inc. "As we enter 2023, we have a tremendous opportunity to continue to drive powerful outcomes for our customers with enhanced sales and customer success initiatives and an expanded portfolio of offerings, including our highly differentiated end-to-end Alteryx Analytics Cloud platform."

**Fourth Quarter 2022 Financial Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;• **Revenue**: Revenue for the fourth quarter of 2022 was $301.1 million, an increase of 73%, compared to revenue of $173.8 million in the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;• **Gross Profit**: GAAP gross profit for the fourth quarter of 2022 was $269.3 million, or a GAAP gross margin of 89%, compared to GAAP gross profit of $157.3 million, or a GAAP gross margin of 90%, in the fourth quarter of 2021. Non-GAAP gross profit for the fourth quarter of 2022 was $277.8 million, or a non-GAAP gross margin of 92%, compared to non-GAAP gross profit of $161.0 million, or a non-GAAP gross margin of 93%, in the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;• **Income (Loss) from Operations**: GAAP loss from operations for the fourth quarter of 2022 was $(41.0) million, compared to GAAP loss from operations of $(26.8) million for the fourth quarter of 2021. Non-GAAP income from operations for the fourth quarter of 2022 was $67.8 million compared to non-GAAP income from operations of $18.1 million for the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;• **Net Income (Loss)**: GAAP net loss attributable to common stockholders for the fourth quarter of 2022 was $(31.7) million, compared to GAAP net loss attributable to common stockholders of $(37.5) million for the fourth quarter of 2021. GAAP net loss per diluted share for the fourth quarter of 2022 was $(0.46), based on 69.2 million GAAP weighted-average diluted shares outstanding, compared to GAAP net loss per diluted share of $(0.56), based on 67.5 million GAAP weighted-average diluted shares outstanding for the fourth quarter of 2021.

Non-GAAP net income and non-GAAP net income per diluted share for the fourth quarter of 2022 were $62.0 million and $0.84, respectively, compared to non-GAAP net income of $12.1 million and non-GAAP net income per diluted share of $0.18 for the fourth quarter of 2021. Non-GAAP net income per diluted share for the fourth quarter of 2022 was based on 76.3 million non-GAAP weighted-average diluted shares outstanding, compared to 69.3 million non-GAAP weighted-average diluted shares outstanding for the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;**• Balance Sheet and Cash Flow**: Cash, cash equivalents, and short-term and long-term investments as of December 31, 2022 was $432.0 million, compared to $1.0 billion as of December 31, 2021. This reflects a $387.0 million cash outflow, net of cash acquired, primarily related to the acquisition of Trifacta Inc. in February 2022. Cash provided by operating activities for the fourth quarter of 2022 was $7.9 million compared to cash provided by operating activities of $38.8 million for the fourth quarter of 2021.

------

**Full Year 2022 Financial Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;**• Revenue**: Revenue for the full year 2022 was $855.4 million, an increase of 60%, compared to revenue of $536.1 million for the full year 2021.

&nbsp;&nbsp;&nbsp;&nbsp;**• Gross Profit**: GAAP gross profit for the full year 2022 was $737.6 million, or a GAAP gross margin of 86%, compared to GAAP gross profit of $480.4 million, or a GAAP gross margin of 90%, for the full year 2021. Non-GAAP gross profit for the full year 2022 was $768.0 million, or a non-GAAP gross margin of 90%, compared to non-GAAP gross profit of $491.7 million, or a non-GAAP gross margin of 92%, for the full year 2021.

&nbsp;&nbsp;&nbsp;&nbsp;**• Income (Loss) from Operations**: GAAP loss from operations for the full year 2022 was $(300.5) million, compared to GAAP loss from operations of $(136.3) million for the full year 2021. Non-GAAP income from operations for the full year 2022 was $12.8 million compared to non-GAAP income from operations of $1.7 million for the full year 2021.

&nbsp;&nbsp;&nbsp;&nbsp;**• Net Loss**: GAAP net loss attributable to common stockholders for the full year 2022 was $(318.5) million, compared to GAAP net loss of $(179.7) million for the full year 2021. GAAP net loss per diluted share for the full year 2022 was $(4.65), based on 68.5 million GAAP weighted-average diluted shares outstanding, compared to GAAP net loss per diluted share of $(2.67), based on 67.2 million GAAP weighted-average diluted shares outstanding for the full year 2021.

Non-GAAP net loss and non-GAAP net loss per diluted share for the full year 2022 were $(0.3) million and $0.00, respectively, compared to non-GAAP net loss of $(7.9) million and non-GAAP net loss per diluted share of $(0.12) for the full year 2021. Non-GAAP net loss per diluted share for the full year 2022 was based on 68.5 million non-GAAP weighted-average diluted shares outstanding, compared to 67.2 million non-GAAP weighted-average diluted shares outstanding for the full year 2021.

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."

**Fourth Quarter 2022 and Recent Business Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;**•** Ended the quarter with $833.5 million in ARR, an increase of 31% year-over-year.

&nbsp;&nbsp;&nbsp;&nbsp;**•** Achieved a dollar-based net expansion rate (annual contract value based) of 121% for the fourth quarter of 2022.

&nbsp;&nbsp;&nbsp;&nbsp;**•** Ended the fourth quarter of 2022 with 8,358 customers, including over 140 customers with $1 million-plus in ARR.

&nbsp;&nbsp;&nbsp;&nbsp;**•** Announced a strategic investment through Alteryx Ventures in Manta Software Inc., a data lineage company that creates audit trails for data management and compliance, furthering Alteryx's investment in enterprise governance, risk, and compliance and advancing product integration opportunities.

&nbsp;&nbsp;&nbsp;&nbsp;**•** Announced the early access program of the Alteryx Designer experience in the Alteryx Analytics Cloud platform, providing users access to browser-based, no-code analytics tools, in-database pushdown processing for cloud warehouses, and data profiling with an artificial intelligence-driven suggestions engine.

**Financial Outlook** 

We provide the financial guidance below based on current market conditions and expectations. Our guidance is subject to various important cautionary factors described below. Based on information available as of February 9, 2023, guidance for the first quarter of 2023 and full year 2023 is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• **First Quarter 2023 Guidance**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Revenue is expected to be in the range of $198 million to $202 million, representing year-over-year growth of 25% to 28%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ ARR is expected to be in the range of $856 million to $860 million, representing year-over-year growth of 25% to 26%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Non-GAAP loss from operations is expected to be in the range of $(23) million to $(19) million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Non-GAAP net loss per share is expected to be in the range of $(0.29) to $(0.25) based on approximately 69.7 million non-GAAP weighted-average basic and diluted shares outstanding.

------

&nbsp;&nbsp;&nbsp;&nbsp;• **Full Year 2023 Guidance**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Revenue is expected to be in the range of $980 million to $990 million, representing year-over-year growth of 15% to 16%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ ARR is expected to be in the range of $1,015 million to $1,025 million, representing year-over-year growth of 22% to 23%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Non-GAAP income from operations is expected to be in the range of $40 million to $50 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Non-GAAP net income per share is expected to be in the range of $0.36 to $0.46 based on approximately 78.0 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 income (loss) per share excludes estimates for stock-based compensation and related payroll tax expense, and acquisition-related adjustments. A reconciliation of the non-GAAP financial guidance measures to corresponding GAAP measures is not available on a forward-looking basis primarily because of the uncertainty regarding, and the potential variability of, stock-based compensation and related payroll tax expense, and acquisition-related adjustments. In particular, stock-based compensation and related payroll tax 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 2023 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 and financial guidance. 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 "Investors" page of the company's website at <u>https://investor.alteryx.com</u>.

Following the conference call, a telephone replay will be available through Thursday, February 16, 2023, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode is 13734589. An archived webcast of this conference call will also be available on the "Investors" page of the company's website at <u>https://investor.alteryx.com</u>.

**Non-GAAP Financial Measures and Operating Measures** 

*Non-GAAP Financial 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 diluted 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.

*Payroll tax expense related to stock-based compensation*. We exclude employer payroll tax expense related to stock-based compensation to present the full effect that excluding stock-based compensation expense has on operating results. These expenses are tied to the exercise or vesting of underlying equity awards and the price of our common stock at the time of vesting or exercise, which may vary from period to period independent of the operating performance of the business.

*Acquisition-related adjustments*. We exclude amortization of intangible assets, which is non-cash and related to business combinations from certain of our non-GAAP financial measures. In addition, we exclude acquisition and integration expenses, such as transaction costs and costs associated with the applicable retention, restructuring and successful integration of operational activities of the acquired company, as they are related to a business combination and have no direct correlation to the operation of our business.

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*Convertible senior notes adjustments*. Prior to the adoption of Accounting Standards Update 2020-06, *Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity*, or ASU 2020-06, effective as of January 1, 2022, we excluded the portion of amortization of debt discount and issuance costs that relate to the equity component of our convertible notes, which are non-cash, from certain of our non-GAAP financial measures. We excluded such expenses as they are non-cash and have no direct correlation to the operation of our business. Upon adoption of ASU 2020-06, we removed the equity component of our convertible notes and the associated amortization and therefore, this adjustment is no longer applicable.

*Impairment of long-lived assets*. We exclude non-cash charges for impairment of long-lived assets from certain of our non-GAAP financial measures. Impairment charges can vary significantly in terms of amount and timing and we do not consider these charges indicative of our current or past operating performance.

*Cost optimization charges.* In addition to the impairment charges on certain real estate included in impairment of long-lived assets, we excluded other cost optimization charges, which primarily include compensation costs for the impacted workforce and additional non-impairment office exit costs. Although office exits are non-recurring in nature, certain costs associated with the exits will be incurred in future periods. We exclude cost optimization charges as they do not contribute to a meaningful evaluation of our current or past operating performance.

*Income tax adjustments.* We utilize a fixed annual projected long-term non-GAAP tax rate in order to provide better consistency across 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 exclude the direct impact of the following non-cash items: stock-based compensation expenses, amortization and impairment of purchased intangibles, and the amortization of debt discount and issuance costs. 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% for both 2022 and 2021. We anticipate using a long-term non-GAAP tax rate of 20% for the year ending December 31, 2023; however, 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 re-evaluate 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 and related payroll tax expense, and amortization of intangible assets which are recurring and will be reflected in our financial results for the foreseeable future. The non-GAAP 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.

*Annual Recurring Revenue (ARR)*. Annual recurring revenue, or ARR, represents the total annual contract value for active customer subscription contracts as of the measurement date. We also use ARR as one of our operating measures to assess the health and trajectory of our business. ARR should be viewed independently of revenue and deferred revenue as ARR is a performance metric and is not intended to be a substitute for, or combined with, any of these items.

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**Forward-Looking Statements**

This press release includes "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties, including statements regarding our expectations with respect to annual recurring revenue, guidance for the first quarter of 2023 and the full year 2023, and assumptions related to the foregoing; macroeconomic conditions and related impacts; our ability to execute our long-term growth, go-to-market, and product strategies, including with respect to our cloud offerings; our ability to achieve and improve profitability; the anticipated value, customer acceptance, and continued innovation of our products and services; the success of our sales activities; our non-GAAP tax rate for 2023; demand for data analytics products; the opportunity in our international markets; 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 history of losses; our ability to develop, release, and gain market acceptance of product and service enhancements and new products and services to respond to rapid technological change in a timely and cost-effective manner; our dependence on our software platform for substantially all of our revenue; volatile and significantly weakened global economic conditions; our ability to manage our growth and the investments made to grow our business effectively; our ability to develop a successful business model to sell products and services acquired or to integrate such products or services into our existing products and services; our ability to attract new customers and retain and expand sales to existing customers; our ability to establish and maintain successful relationships with our channel partners; intense and increasing competition in our market; the rate of growth in the market for analytics products and services; our dependence on technology and data licensed to us by third parties; risks associated with our international operations; our ability to develop, maintain, and enhance our brand and reputation cost-effectively; litigation and related costs; security breaches; and other general market, political, economic, and business conditions, including, but not limited to, impacts related to weakened global economic conditions, the ongoing conflict in Ukraine, inflationary pressures, and rising interest rates. Additionally, these forward-looking statements, particularly our guidance, involve risk, uncertainties and assumptions, many of which relate to matters that are beyond our control and changing rapidly.

Additional risks and uncertainties that could affect our financial results are included under the caption "Risk Factors" in our filings with the U.S. Securities and Exchange Commission (SEC), including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, which are available on the "Investors" page of our website at <u>http://investor.alteryx.com</u> and on the SEC website at <u>http://www.sec.gov</u>. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2022. 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. &nbsp;&nbsp;&nbsp;&nbsp;

**About Alteryx, Inc.**

Alteryx (NYSE: AYX) powers analytics for all by providing our leading Analytics Automation Platform. Alteryx delivers easy end-to-end automation of data engineering, analytics, reporting, machine learning, and data science processes, enabling enterprises everywhere to democratize data analytics across their organizations for a broad range of use cases. More than 8,300 customers globally rely on Alteryx to deliver high-impact business outcomes. To learn more, visit <u>http://www.alteryx.com</u>.

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.

Ana Gabriel

pr@alteryx.com

**Investor Contacts**

Alteryx, Inc.

Ryan Goodman

ir@alteryx.com

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**Alteryx, Inc.**

**Consolidated Statements of Operations**

*(in thousands, except per share data)*

*(unaudited)*

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| Revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subscription-based software license | $191786 | $83109 | $447202 | $203960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PCS and services | 109292 | 90696 | 408152 | 332175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue | 301078 | 173805 | 855354 | 536135 |
| Cost of revenue: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subscription-based software license | 3010 | 1228 | 10994 | 4967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PCS and services | 28767 | 15288 | 106790 | 50786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cost of revenue | 31777 | 16516 | 117784 | 55753 |
| Gross profit | 269301 | 157289 | 737570 | 480382 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development | 59423 | 36775 | 221453 | 132420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales and marketing | 156892 | 101883 | 541673 | 334480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 58940 | 45456 | 231717 | 149747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impairment of long-lived assets | 34999 |  | 43238 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 310254 | 184114 | 1038081 | 616647 |
| Loss from operations | (40953) | (26825) | (300511) | (136265) |
| Interest expense | (2450) | (10002) | (9741) | (39208) |
| Other income (loss), net | 12172 | (497) | (3526) | (2058) |
| Loss before provision for income taxes | (31231) | (37324) | (313778) | (177531) |
| Provision for income taxes | 422 | 222 | 4721 | 2150 |
| Net loss | $(31653) | $(37546) | $(318499) | $(179681) |
| Net loss per share attributable to common stockholders, basic | $(0.46) | $(0.56) | $(4.65) | $(2.67) |
| Net loss per share attributable to common stockholders, diluted | $(0.46) | $(0.56) | $(4.65) | $(2.67) |
| Weighted-average shares used to compute net loss per share attributable to common stockholders, basic | 69215 | 67488 | 68510 | 67191 |
| Weighted-average shares used to compute net loss per share attributable to common stockholders, diluted | 69215 | 67488 | 68510 | 67191 |

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**Alteryx, Inc.**

**Stock-Based Compensation Expense**

*(in thousands)*

*(unaudited)*

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| Cost of revenue | $4271 | $2202 | $16982 | $6421 |
| Research and development | 14409 | 6990 | 54667 | 28903 |
| Sales and marketing | 23706 | 14414 | 79741 | 40519 |
| General and administrative | 19704 | 14903 | 75128 | 48222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $62090 | $38509 | $226518 | $124065 |

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**Alteryx, Inc.**

**Consolidated Balance Sheets**

*(in thousands)*

*(unaudited)*

---

| | | |
|:---|:---|:---|
| | **December 31, 2022** | **December 31, 2021** |
| **Assets** | | |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $104751 | $152375 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | 237040 | 506874 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 259590 | 192318 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 145767 | 81360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 747148 | 932927 |
| Property and equipment, net | 69157 | 71270 |
| Operating lease right-of-use assets | 50997 | 102681 |
| Long-term investments | 90184 | 343213 |
| Goodwill | 398091 | 57415 |
| Intangible assets, net | 60901 | 21737 |
| Other assets | 140806 | 70445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $1557284 | $1599688 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $13883 | $8086 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued payroll and payroll related liabilities | 81206 | 61391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | 56592 | 53917 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 276160 | 208154 |
| &nbsp;&nbsp;&nbsp;&nbsp;Convertible senior notes, net | 84571 | 77400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 512412 | 408948 |
| &nbsp;&nbsp;Convertible senior notes, net | 792921 | 686016 |
| &nbsp;&nbsp;Operating lease liabilities | 61265 | 78784 |
| &nbsp;&nbsp;Other liabilities | 17030 | 23186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 1383628 | 1196934 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common stock | 7 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 622434 | 598710 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (443159) | (190429) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (5626) | (5534) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 173656 | 402754 |
| Total liabilities and stockholders' equity | $1557284 | $1599688 |

---

------

**Alteryx, Inc.**

**Consolidated Statements of Cash Flows**

*(in thousands)*

*(unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| **Cash flows from operating activities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(31653) | $(37546) | $(318499) | $(179681) |
| &nbsp;&nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 10167 | 4792 | 37344 | 16380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash operating lease cost | 5074 | 4902 | 20160 | 16527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 62090 | 38509 | 226518 | 124065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of discounts and premiums on investments, net | (510) | 899 | 131 | 4461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of debt discount and issuance costs | 841 | 8393 | 3296 | 32772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes | (116) | 410 | 1858 | 634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign currency remeasurement (gains) losses | (10582) | (269) | 7717 | 1588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impairment of long-lived assets | 34999 |  | 43238 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other non-cash operating activities, net | 1005 | 572 | 3919 | (695) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities, net of effect of business acquisitions: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | (147969) | (121043) | (65253) | (56917) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred commissions | (18766) | (12298) | (28212) | (12350) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets and other assets | (7247) | 41794 | (101072) | 11622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | (9650) | (2474) | 4980 | 2584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued payroll and payroll related liabilities | 32601 | 20827 | 9561 | 13931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses, other current liabilities, operating lease liabilities, and other liabilities | (1622) | 2636 | (14936) | (11305) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 89215 | 88712 | 64403 | 99543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | 7877 | 38816 | (104847) | 63159 |
| **Cash flows from investing activities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capitalized software development costs | (4150) | (5840) | (11890) | (9253) |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of property and equipment | (4284) | (6301) | (23633) | (23515) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash paid in acquisitions, net of cash acquired |  | (27177) | (387011) | (27177) |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchases of investments | (88276) | (140404) | (203446) | (905544) |
| &nbsp;&nbsp;&nbsp;&nbsp;Sales and maturities of investments | 114512 | 113393 | 722680 | 898604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) investing activities | 17802 | (66329) | 96700 | (66885) |
| **Cash flows from financing activities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Proceeds from exercise of stock options | 297 | 134 | 10111 | 10400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Minimum tax withholding paid on behalf of employees for restricted stock units | (8111) | (4581) | (45333) | (24475) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in financing activities | (7814) | (4447) | (35222) | (14075) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 1562 | (239) | (1803) | (1241) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 19427 | (32199) | (45172) | (19042) |
| Cash, cash equivalents, and restricted cash—beginning of period | 90024 | 186822 | 154623 | 173665 |
| Cash, cash equivalents, and restricted cash—end of period | $109451 | $154623 | $109451 | $154623 |

---

------

**Alteryx, Inc.**

**Reconciliation of GAAP Measures to Non-GAAP Measures**

*(in thousands, except percentages and per share amounts)*

*(unaudited)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
| | **2022** | **2021** | **2022** | **2021** |
| **Reconciliation of non-GAAP gross profit:** |  |  |  |  |
| GAAP gross profit | $269301 | $157289 | $737570 | $480382 |
| *GAAP gross margin* | *89 %* | *90 %* | *86 %* | *90 %* |
| **Add back:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 4271 | 2202 | 16982 | 6421 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payroll tax expense related to stock-based compensation <sup>(1)</sup> | 44 | 17 | 350 | 145 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangible assets | 3367 | 1460 | 12320 | 4742 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost optimization charges | 776 |  | 776 |  |
| Non-GAAP gross profit | $277759 | $160968 | $767998 | $491690 |
| *Non-GAAP gross margin* | *92 %* | *93 %* | *90 %* | *92 %* |
| **Reconciliation of non-GAAP income from operations:** |  |  |  |  |
| GAAP loss from operations | $(40953) | $(26825) | $(300511) | $(136265) |
| *GAAP operating margin* | *(14) %* | *(15) %* | *(35) %* | *(25) %* |
| **Add back:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 62090 | 38509 | 226518 | 124065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payroll tax expense related to stock-based compensation <sup>(1)</sup> | 576 | 410 | 4756 | 3452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangible assets | 3628 | 1516 | 13280 | 4971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment of long-lived assets | 34999 |  | 43238 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost optimization charges | 4483 |  | 4483 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition-related adjustments | 3013 | 4483 | 21078 | 5506 |
| Non-GAAP income from operations | $67836 | $18093 | $12842 | $1729 |
| *Non-GAAP operating margin* | *23 %* | *10 %* | *2 %* | *— %* |
| **Reconciliation of non-GAAP net income (loss):** |  |  |  |  |
| GAAP net loss attributable to common stockholders | $(31653) | $(37546) | $(318499) | $(179681) |
| **Add back:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 62090 | 38509 | 226518 | 124065 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payroll tax expense related to stock-based compensation <sup>(1)</sup> | 576 | 410 | 4756 | 3452 |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangible assets | 3628 | 1516 | 13280 | 4971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impairment of long-lived assets | 34999 |  | 43238 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost optimization charges | 4483 |  | 4483 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Amortization of debt discount and issuance costs <sup>(2)</sup> |  | 7583 |  | 29616 |
| &nbsp;&nbsp;&nbsp;&nbsp;Acquisition transaction and integration costs | 3013 | 4483 | 21078 | 5506 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax adjustments | (15090) | (2813) | 4807 | 4135 |
| Non-GAAP net income (loss) | $62046 | $12142 | $(339) | $(7936) |
| Convertible debt interest expense, after-tax <sup>(3)</sup> | 1933 |  |  |  |
| Adjusted non-GAAP net income (loss) <sup>(3)</sup> | $63979 | $12142 | $(339) | $(7936) |
| **Non-GAAP net income (loss) per diluted share** |  |  |  |  |
| Adjusted non-GAAP net income (loss) <sup>(3)</sup> | $63979 | $12142 | $(339) | $(7936) |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP weighted-average shares used to compute net income (loss) per share attributable to common stockholders, diluted <sup>(4)</sup> | 76257 | 69277 | 68510 | 67191 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP net income (loss) per diluted share | $0.84 | $0.18 | $— | $(0.12) |
| **Reconciliation of non-GAAP diluted net income (loss) per share:** |  |  |  |  |
| GAAP net loss per share attributable to common stockholders, diluted | $(0.46) | $(0.56) | $(4.65) | $(2.67) |
| **Add back:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP adjustments to net income (loss) per share | 1.30 | 0.74 | 4.65 | 2.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP net income (loss) per share, diluted | $0.84 | $0.18 | $— | $(0.12) |
| **Reconciliation of non-GAAP diluted weighted-average shares outstanding:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;GAAP weighted-average shares used to compute loss per share attributable to common stockholders, diluted | 69215 | 67488 | 68510 | 67191 |
| **Add back:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Effect of potentially dilutive shares | 7042 | 1789 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP weighted-average shares used to compute non-GAAP net income (loss) per share, diluted | 76257 | 69277 | 68510 | 67191 |

---

<sup>(1)</sup> Beginning with the quarter ended March 31, 2022, we have excluded payroll tax expense related to stock-based compensation from the calculations of our non-GAAP financial measures, which we believe better presents the effect that excluding stock-based compensation expense has on operating results. Our non-GAAP financial measures for the three and twelve months ended December 31, 2021 were recast to conform to the updated methodology and are reflected herein for comparison purposes.<br><sup>(2)</sup> See "Non-GAAP Financial Measures and Operating Measures" above and Note 9, *Convertible Senior Notes*, of the notes to our consolidated financial statements to be included in our Annual Report on Form 10-K for the year ended December 31, 2022.

<sup>(3)</sup> Beginning with the quarter ended March 31, 2022, following our adoption of ASU 2020-06 effective as of January 1, 2022, we utilize the "if-converted" method for calculating diluted net income per share, which assumes conversion of our convertible senior notes as of the beginning of the period or at the time of issuance, if later. As a result, for the three months ended December 31, 2022, we added back after-tax interest expense related to our convertible senior notes to the numerator of our calculation of diluted net income per share. For periods prior to January 1, 2022, we utilized the treasury stock method for calculating diluted net income per share.

<sup>(4)</sup> The denominator of our calculation of diluted net income per share for the three months ended December 31, 2022 includes potential shares issued related to our convertible senior notes pursuant to the "if-converted" method for calculating diluted net income per share. For periods prior to January 1, 2022, we utilized the treasury stock method for calculating diluted net income per share.

**Alteryx, Inc.**

**Other Business Metrics**

*(unaudited)*

***Annual Recurring Revenue (ARR)***. ARR represents the annualized recurring value of all active subscription contracts at the end of a reporting period and excludes the value of non-recurring revenue streams, such as certain professional services. Both multi-year contracts and contracts with terms less than one year are annualized by dividing the total committed contract value by the number of months in the subscription term and then multiplying by twelve (in millions).

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Mar. 31,**<br>**2021** | **Jun. 30,**<br>**2021** | **Sep. 30,**<br>**2021** | **Dec. 31,**<br>**2021** | **Mar. 31,**<br>**2022** | **Jun. 30,**<br>**2022** | **Sep. 30,**<br>**2022** | **Dec. 31,**<br>**2022** |
| Annual recurring revenue | $512.7 | $547.6 | $578.6 | $638.0 | $683.6 | $726.8 | $757.7 | $833.5 |

---

***Dollar-Based Net Expansion Rate***. Our dollar-based net expansion rate is a trailing four-quarter average of the annual contract value, or ACV, which is defined as the subscription revenue that we would contractually expect to recognize over the term of the contract divided by the term of the contract, in years, from a cohort of customers in a quarter as compared to the same quarter in the prior year. To calculate our dollar-based net expansion rate, we first identify a cohort of customers, or the Base Customers, in a particular quarter, or the Base Quarter. A customer will not be considered a Base Customer unless such customer has an active subscription on the last day of the Base Quarter. We then divide the ACV in the same quarter of the subsequent year attributable to the Base Customers, or the Comparison Quarter, including Base Customers from which we no longer derive ACV in the Comparison Quarter, by the ACV attributable to those Base Customers in the Base Quarter. Our dollar-based net expansion rate in a particular quarter is then obtained by averaging the result from that particular quarter with the corresponding result from each of the prior three quarters. The dollar-based net expansion rate excludes contract value relating to professional services from that cohort.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Mar. 31,**<br>**2021** | **Jun. 30,**<br>**2021** | **Sep. 30,**<br>**2021** | **Dec. 31,**<br>**2021** | **Mar. 31,**<br>**2022** | **Jun. 30,**<br>**2022** | **Sep. 30,**<br>**2022** | **Dec. 31,**<br>**2022** |
| Dollar-based net expansion rate | 120% | 120% | 119% | 119% | 119% | 120% | 121% | 121% |

---

***Number of Customers***. We define a customer at the end of any particular period as an entity with a subscription agreement that runs through the current or future period as of the measurement date. Organizations with free trials have not entered into a subscription agreement and are not considered customers. A single organization with separate subsidiaries, segments, or divisions that use our platform may represent multiple customers, as we treat each entity that is invoiced separately as a single customer. In cases where customers subscribe to our platform through our channel partners, each end customer is counted separately.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Mar. 31,**<br>**2021** | **Jun. 30,**<br>**2021** | **Sep. 30,**<br>**2021** | **Dec. 31,**<br>**2021** | **Mar. 31,**<br>**2022** | **Jun. 30,**<br>**2022** | **Sep. 30,**<br>**2022** | **Dec. 31,**<br>**2022** |
| Customers | 7214 | 7405 | 7689 | 7936 | 8195 | 8296 | 8340 | 8358 |

---

***Remaining Performance Obligations***. Remaining performance obligations represent amounts from contracts with customers allocated to unsatisfied or partially unsatisfied performance obligations that are not yet recorded in revenue in our consolidated statements of operations (in millions).

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Mar. 31,**<br>**2021** | **Jun. 30,**<br>**2021** | **Sep. 30,**<br>**2021** | **Dec. 31,**<br>**2021** | **Mar. 31,**<br>**2022** | **Jun. 30,**<br>**2022** | **Sep. 30,**<br>**2022** | **Dec. 31,**<br>**2022** |
| Remaining performance obligations | $452.6 | $437.5 | $412.0 | $476.3 | $445.2 | $495.0 | $488.3 | $592.1 |

---

***&nbsp;&nbsp;&nbsp;&nbsp;Contract Assets***. Contract assets primarily relate to unbilled amounts for contracts with customers for which the amount of revenue recognized exceeds the amount billed to the customer. Contract assets are transferred to accounts receivable when the right to invoice becomes unconditional in our consolidated balance sheets (in millions).

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Mar. 31,**<br>**2021** | **Jun. 30,**<br>**2021** | **Sep. 30,**<br>**2021** | **Dec. 31,**<br>**2021** | **Mar. 31,**<br>**2022** | **Jun. 30,**<br>**2022** | **Sep. 30,**<br>**2022** | **Dec. 31,**<br>**2022** |
| Contract assets | $74.5 | $85.5 | $88.3 | $42.5 | $53.6 | $76.3 | $130.1 | $131.1 |

---

## Exhibit 99.2

![](exh992alteryxq422shareho001.jpg)

Q4 FY2022 Shareholder Letter February 9, 2023

------

![](exh992alteryxq422shareho002.jpg)

Fellow Shareholders, We delivered a strong Q4 with all of our key financial metrics exceeding our outlook. Q4 revenue came in at $301 million, up 73% year-over-year; annual recurring revenue, or ARR, came in at $834 million, up 31% year-over-year; and Q4 non-GAAP operating profitability meaningfully exceeded our outlook. We finished 2022 with strong growth momentum and an increasing focus on profitability, capping off a historic year for Alteryx with multiple key strategic initiatives: • We significantly accelerated our cloud platform innovation roadmap; • We realigned our go-to-market motion to focus on the largest global organizations with the greatest opportunity for expansion; • We updated our partner program to efficiently scale our market reach; and • We invested in our customer success program to ensure that our customers are engaged and successful on their data democratization journeys with Alteryx. We are pleased with our financial results, particularly given the economic backdrop, as our value-focused sales motion is resonating with customers. Even so, we are seeing similar dynamics that are facing many of our software peers. In Q4, we saw this in the form of elevated deal scrutiny and elongation of sales cycles. I've certainly experienced similar macroeconomic headwinds throughout my executive career, and I'm confident in our ability to continue to execute at a high level with the transformational decisions we've made over the last two years: \| Shareholder Letter From our CEO Mark Anderson Chief Executive Officer

------

![](exh992alteryxq422shareho003.jpg)

Key Strategic Initiatives Our Alteryx Analytics Cloud platform has catalyzed enterprise buy-in to the long-term Alteryx vision. Our focus on enterprise has driven a mix shift to higher lifetime value customers with increased net retention. Our executive-facing go-to-market approach has aligned our sales engagement with the decision makers and budget owners of our customers. Our level of engagement with customers is stronger than ever, supported by both our partner ecosystem and customer success initiatives. Alteryx Analytics Cloud Enterprise Focus Executive Facing GTM Customer Engagement Underlying this is robust demand for data analytics, as we are seeing CIOs prioritize core operational platforms like Alteryx over front-end applications more exposed to headcount variations.

------

![](exh992alteryxq422shareho004.jpg)

G2K penetration increased to 47% • Up four points from this time last year • Global brands are aligning with AYX 129% net expansion rate1 for G2K • Overall net expansion rate1 of 121% • Record high renewal rates More ELAs sold in Q4 than Q1-Q3 combined • Increased flexibility + simplified pricing • 2021 ELAs creating upsell opportunities ~400K community members • Great milestone for our Alteryx zealots • Champions of our global mission Partners influenced over half of Q4 new business • Ecosystem continues to influence a growing percentage of our business Q4 was truly a great quarter, capping off a strong year, and another clear validation of the strategic direction of this company." Business Highlights

------

![](exh992alteryxq422shareho005.jpg)

Customers need our innovation now, more than ever. The pace and scale of our innovation has never been greater, and our commitment to governance across the platform is enabling our customers to scale with confidence across their organizations. Our cloud platform initiative is increasingly becoming a contributing driver of success with large enterprise companies looking to expand their Alteryx deployment. In fact, we're finding that the introduction of Alteryx Analytics Cloud is amplifying customers' commitment to the extended Alteryx platform. Our cloud innovation roadmap provides customers with a clear path to layer on cloud and expand data analytics to new personas and new use cases, and we saw examples of this in Q4. We had a great win with Royal Caribbean Group, a leading international cruise company. Building on its existing Alteryx usage within finance, Royal Caribbean is expanding with new use cases and new personas in human resources. They'll leverage Alteryx Designer, Alteryx Server, and Alteryx Machine Learning in an effort to further unlock and optimize their crew experience and drive financial efficiencies. They are also adopting Alteryx Auto Insights as a means to more effectively disseminate information and insights throughout the organization. Chemours Company, a global specialty chemicals company that signed on with an ELA earlier in 2022, is now expanding with Alteryx Auto Insights to provide enhanced data-driven clarity on cost and budgeting trends. And a mobile network operator that expanded with a Designer ELA in early 2022 signed on for a Cloud ELA in Q4 to utilize Alteryx Auto Insights for cloud cost optimization analysis by the office of the CIO. With access now to Alteryx Machine Learning and Alteryx Designer Cloud, they can also explore new use cases, such as network data analysis and financial forecasting, empowering new personas within other parts of the organization. Our technology partnerships with cloud-based data warehouses like Snowflake, Databricks, and Google BigQuery are also helping us win with companies driving cloud-based digital transformation initiatives. In Q4, Specsavers Optical Group, a multinational optical retail chain, selected Alteryx Designer Cloud to help drive their initiative to promote a data-oriented culture with self-service analytics. Alteryx Designer Cloud's low-code / no-code interface and deep integrations with cloud environments like Databricks were key differentiators in enabling this new customer relationship. We have a highly differentiated data analytics platform, and our enhanced go-to-market motion built on the pillars of enterprise, partners, and customer success, is now enabling us to capitalize on this opportunity. Our cloud innovation roadmap provides a clear path to layer on cloud and expand data analytics to new personas and new use cases." Alteryx Analytics Cloud DESIGNER CLOUD MACHINE LEARNING AUTO INSIGHTSSERVERDESIGNER

------

![](exh992alteryxq422shareho006.jpg)

We continue to see strong traction with large enterprise organizations. We more than doubled the number of $1 million ACV wins in 2022 vs 2021, and we closed the year with over 140 customers with ARR of $1 million or more, up over 50% year-over-year. We now have a presence at 47% of the Global 2000, and many are using Alteryx in only a small, initial capacity, which creates meaningful upsell opportunities in these accounts for the years ahead. Our ELA bundles are resonating with our larger customers, as they provide flexibility to expand to additional licenses for a fixed period of time, or what we refer to as 'burst capacity.' Burst capacity gives customers the freedom to use up to 50% more than their allocated license count at no cost during the first year, and without additional license or procurement administration complexity. When our customers are digitally transforming, this burst capacity helps them go faster. And for the ELAs sold in Q4 2021, some of which were multi-year contracts, over two-thirds became upsells in Q4 2022. We are still in early days for the ELA strategy, and momentum has been growing. Orange France, the largest subsidiary of Orange Group and the leader in BtoB and BtoC telecommunication services in the country, selected an Alteryx ELA in Q4 to automate and optimize many processes within the financial team, as well as to drive analytics on infrastructure and network usage. The ease-of-use of the Alteryx platform coupled with the flexibility of the ELA convinced the Finance teams and will enable Orange to begin expanding data analytic usage with new personas throughout the organization. Over 50% YoY growth in $1 million-plus ARR customers Over two-thirds of ELAs sold in Q4'21 became upsells this quarter Our enhanced go-to-market motion, built on the pillars of enterprise, partners, and customer success, is enabling us to capitalize on this opportunity.

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As for the second pillar of our go-to-market motion, partners, we are benefiting from ecosystem expansion and favorable engagement trends. We're pleased to welcome EY as one of our newest partners in Q4. Partners delivered over 50% year-over-year growth in new logo ACV contributions in 2022, and once again influenced well over 50% of the new ACV in the quarter. We deeply value our partner relationships, and it is particularly gratifying when we find our partners broadening their usage of Alteryx as a customer. KPMG is a great example, where we're seeing both regional expansion of the partnership and increased usage of Alteryx Designer to provide differentiated offerings to their clients, particularly those looking to transform and optimize their corporate tax departments. In Q4, KPMG increased its Alteryx Designer license count by over 50% as it looks to elevate Alteryx usage across more client- facing consultants, plus further leverage Alteryx for internal analytics. Partners provide additional scale to our go-to- market motion, enhancing our ability to find incremental use cases and drive value for our customers. We saw this with West Monroe, a digital services firm, who worked closely with a partner when they first explored Alteryx solutions over the summer. In Q4, West Monroe significantly expanded their Alteryx implementation after identifying opportunities to both accelerate and enhance digital analytic services they provide their clients. And the journey doesn't end with the implementation of our software. We've invested in our customer success team over the past two years, and our customers are seeing tangible incremental returns on their Alteryx engagement. There are so many positive examples here of value creation in partnership with Alteryx customer success: • A leading FTSE 100 financial institution identified over £1.5 million in value via automation of manual efforts, upskilling, and efficiency gains. • A national retail chain identified a way to save 5,000 hours plus hundreds of thousands of dollars in costs within its supply chain optimization in just two months of working with a customer success manager. I'd encourage you all to take a look at the use cases on our Alteryx community site for real-life examples that speak to both the value of our solutions and the effectiveness of our enhanced customer success efforts.

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As I look ahead to 2023, we have a massive opportunity in front of us. And we expect to achieve a significant milestone of becoming a $1 billion ARR company this year. Let's be clear – it won't be easy in this macro environment. But we have demonstrated the robust nature of data analytics demand, as well as Alteryx's ability to effectively execute in this market. We enter 2023 on even stronger footing, and are focused on three key initiatives to ensure our success: First, the Alteryx Analytics Cloud platform. We are seeing strong interest in our portfolio of offerings across Alteryx Designer Cloud, Alteryx Machine Learning, and Alteryx Auto Insights. As customers look to consolidate vendors, we are uniquely positioned to provide a cloud-based, end-to-end, low-code / no-code data analytics platform for all. And we have some exciting updates to share on this front soon. Second, go-to-market. We made so much progress in upgrading our go-to-market motion in 2022, and I firmly believe we are just getting started. We enter 2023 with an upgraded and expanded sales force, partner program, and customer success team, and we're just starting to lap early ELA wins, which will create incremental upsell opportunities at our larger customers. And third, profitability. As we move beyond the investment phase of 2022, we are committed to increasing operating profitability. We plan to achieve this through both scaling the business and demonstrating spending discipline. In closing, 2022 was an outstanding year for Alteryx and I am so proud of the entire team. We are absolutely changing lives with what we do, empowering people to upskill themselves and drive value for their companies. Thank you to our customers, our employees, and our partners on an amazing 2022. Closing Remarks Mark Anderson Chief Executive Officer

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Expanding with Alteryx Auto Insights to provide enhanced data-driven clarity on cost and budgeting trends Will leverage Alteryx Designer, Alteryx Server, and Alteryx Machine Learning in effort to further unlock and optimize their crew experience and drive financial efficiencies Alteryx Designer Cloud's low-code / no-code interface and deep integrations with cloud environments were key differentiators in enabling this new customer relationship Alteryx Designer to provide differentiated offerings to their clients, particularly those looking to transform and optimize their corporate tax departments Identified opportunities to both accelerate and enhance digital analytic services they provide their clients Alteryx ELA to automate and optimize many processes within the financial team, as well as to drive analytics on infrastructure and network usage Customer Spotlight

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Financial Update Q4 was a strong financial quarter and capped off a year of robust ARR growth and an accelerated return to positive non-GAAP operating profitability. ▸ ARR of $834 million grew 31% year-over-year. This included a $7.9 million F/X tailwind relative to our guidance1. Even excluding this F/X impact, ARR still would have exceeded the high-end of our guided range. ▸ Revenue of $301 million grew 73% year-over-year, which was well above the high-end of our guided range, benefiting from a strong renewal cycle and record renewal rates. ▸ Non-GAAP operating profit came in at $68 million2, $13 million above the high-end of the guided range. This was driven by both the top line strength as well as elevated spending discipline. For 2022, revenue of $855 million increased 60% year- over-year, and non-GAAP operating profit came in at $13 million, both above the high-end of our guided ranges and significantly better than the initial outlook entering the year. 1 Foreign currency impact of $7.9 million based on actual exchange rates on December 31, 2022 versus exchange rates incorporated in our Q4 2022 guidance. 2 See pages 14-15 for reconciliations of GAAP to non-GAAP financial measures. $834 million, +31% YoY Annual Recurring Revenue1 Q4 2022 Summary $301 million, +73% YoY Revenue ($41) million GAAP Loss from Operations $68 million Non-GAAP Income from Operations2 129% (G2K) / 121% (Overall) Dollar-Based Net Expansion Rate $855 million, +60% YoY Revenue FY 2022 Summary ($301) million GAAP Loss from Operations $13 million Non-GAAP Income from Operations2 Kevin Rubin Chief Financial Officer

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▸ We improved Q4 Sales & Marketing expense as a percentage of revenue by 7 points year-over- year on a GAAP and non-GAAP basis1. We benefited from early productivity improvements in the sales force in 2022 vs 2021 in terms of new ACV per sales rep. As we enter 2023 with a higher mix of ramped reps, more comprehensive sales enablement capabilities, and an expanded product portfolio, we expect these tailwinds to persist and help us navigate this dynamic macro environment. ▸ And we improved Q4 G&A expense as a percentage of revenue by 6 points year-over- year on a GAAP basis and by 3 points year-over- year on a non-GAAP basis1, driven primarily by efficiencies of scale. On top of the natural leverage embedded in our financial model, we've identified additional opportunities for cost optimization to further accelerate our return to higher profitability. For example, given the distributed nature of our current workforce, we were able to rationalize our real estate usage by approximately 40% during Q4. In addition, we optimized headcount by approximately 5%, primarily from rigorous performance management, as well as role eliminations. Looking ahead, we feel the business is on strong footing to deliver expanding profitability with scale. And with the majority of our costs being variable in nature, we believe we have the ability to stay nimble in this economic environment. Earlier in the year, we enhanced our go-to-market motion with investments in enterprise, partners, and customer success, and we accelerated our cloud innovation roadmap with strategic investments in the platform architecture. As we move beyond this investment phase, we are already seeing points of leverage materialize in the financial model. Q4 Sales & Marketing expense as a % of revenue improved 7 points YoY1 Leverage with Scale Profitability As we move beyond this investment phase, we are already seeing points of leverage materialize in the financial model Rationalized real estate usage by ~40% Cost Optimization 1 Presented on both a GAAP and non-GAAP basis. See pages 14-15 for reconciliations of GAAP to non-GAAP financial measures.

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Profitability is certainly top of mind, and as we now move beyond this investment phase, we are focused on delivering durable, profitable growth, going forward. Underpinning this success is our growing traction with large enterprise organizations. We continue to see our strongest ARR growth with our $1 million-plus ARR customer cohort, bolstered by many of the strategic initiatives we put into motion over the past couple of years. For example, we upgraded our enterprise sales force with well-tenured, experienced reps. And as we land wins with larger companies, we are effectively seeding future upsell opportunities at a much higher scale. With approximately one-third of our Global 2000 customers generating less than $50,000 in ARR today, and approximately 200 Global 2000 customers still within two years of their first Alteryx license purchase, we have a large runway for growth as we deepen penetration in coming years. Expansion is a key growth driver for our business, with the vast majority of our new ACV in any given quarter continuing to come from existing customers. And now, as the opportunities become bigger, we're seeing consistent growth in the average expansion deal size. To help us streamline this enterprise adoption, we introduced ELA bundles in mid-2021. ELAs come in tiered bundles that vary in size and burst capacity. This allows for progressive upselling, and we are already seeing success with the 2021 ELA cohort. The investor presentation we posted on our website today helps illustrate how ELAs create expansion opportunities with Alteryx. Over two-thirds of the ELAs lapping one year upsold in the fourth quarter. Of those that expanded, we saw average ARR growth of over 50% year-over-year. While this is still a very early sample set, it demonstrates the positive impact ELAs can have when coupled with proper customer success and a growing product portfolio. On that note, to further accelerate the customer land and expand motion, we made meaningful investments in our customer success practice. We have found that accounts leveraging our customer success team are seeing net expansion rates more than 10 points higher than those that are not. To summarize, we are winning with larger companies - which is unlocking bigger opportunities - and driving larger deal sizes. All of this is fueling robust growth momentum in our average ARR per customer, which reached $100,000 in Q4. We are focused on delivering durable, profitable growth." Larger Customers Bigger Opportunities Larger Deal Sizes

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2023 Framework As we look to 2023, we are paying close attention to the state of the macro environment. While we are executing with a high level of success, our outlook incorporates an elevated level of conservatism to account for potential shifts in macro dynamics. We are keeping a close watch on all key forward-looking business indicators, such as new pipeline generation, sales rep productivity, and sales cycles, and we believe we can quickly calibrate the model, should the need arise. That said, we have several incremental growth drivers to layer on in the coming year that we expect will contribute to our growth and profitability momentum: We have a meaningfully larger renewal base relative to 2022, which both supports revenue growth and creates upsell opportunities; We have a growing book of ELAs, where burst expirations create additional upsell opportunities with a high level of visibility; We expect to sell significantly more ELAs in 2023, driven by growing traction with large enterprise customers; The Alteryx Analytics Cloud platform is unlocking new personas and new use cases, as well as catalyzing adoption across Alteryx offerings; We view International expansion as a meaningful opportunity, invigorated with new sales leadership; Our growing partner program is contributing incremental opportunities within new and existing customers.

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Q1 2023 Guidance Summary $856M - $860M ARR 25% - 26% ARR Growth YoY $198M - $202M Revenue 25% - 28% Revenue Growth YoY ($23M) – ($19M) Non-GAAP Operating Loss1 ($0.29) – ($0.25) Non-GAAP Net Loss per Share1 FY 2023 Guidance Summary $1,015M - $1,025M ARR 22% - 23% ARR Growth YoY $980M - $990M Revenue 15% - 16% Revenue Growth YoY $40M - $50M Non-GAAP Operating Income1 $0.36 - $0.46 Non-GAAP Net Income per Share1 We believe we're on track to surpass $1 billion in ARR, and we expect to achieve this scale with disciplined spending, expanding profitability, and positive operating cash flow. Financial Outlook 1 See pages 14-15 for reconciliations of GAAP to non-GAAP financial measures.

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Three Months Ended December 31, Year Ended December 31, $ in thousands 2022 2021 2022 2021 GAAP research & development expense $59,423 $36,775 $221,453 $132,420 GAAP research & development margin 20% 21% 26% 25% Stock-based compensation 14,409 6,990 54,667 28,903 Payroll tax expense related to stock-based compensation1 124 104 921 719 Acquisition-related adjustments 966 643 4,834 643 Cost optimization charges 1,103 - 1,103 - Non-GAAP research & development expense $42,821 29,038 $159,928 $102,155 Non-GAAP research & development margin 14% 17% 19% 19% GAAP sales & marketing expense $156,892 $101,883 $541,673 $334,480 GAAP sales & marketing margin 52% 59% 63% 62% Stock-based compensation 23,706 14,414 79,741 40,519 Payroll tax expense related to stock-based compensation1 283 213 2,443 1,866 Amortization of intangible assets 261 56 960 229 Acquisition-related adjustments 3 41 101 41 Cost optimization charges 1,804 - 1,804 - Non-GAAP sales & marketing expense $130,835 87,159 $456,624 $291,825 Non-GAAP sales & marketing margin 43% 50% 53% 54% GAAP general & administrative expense $58,940 $45,456 $231,717 $149,747 GAAP general & administrative margin 20% 26% 27% 28% Stock-based compensation 19,704 14,903 75,128 48,222 Payroll tax expense related to stock-based compensation1 125 76 1,042 722 Acquisition-related adjustments 2,044 3,799 16,143 4,822 Cost optimization charges 800 - 800 - Non-GAAP general & administrative expense $36,267 26,678 $138,604 $95,981 Non-GAAP general & administrative margin 12% 15% 16% 18% Three Months Ended December 31, Year Ended December 31, $ in thousands 2022 2021 2022 2021 GAAP gross profit $269,301 $157,289 $737,570 $480,382 GAAP gross margin 89% 90% 86% 90% Stock-based compensation 4,271 2,202 16,982 6,421 Payroll tax expense related to stock-based compensation1 44 17 350 145 Amortization of intangible assets 3,367 1,460 12,320 4,742 Impairment of intangible and long-lived assets - - - - Cost optimization charges 776 - 776 - Non-GAAP gross profit $277,759 $160,968 $767,998 $491,690 Non-GAAP gross margin 92% 93% 90% 92% GAAP income (loss) from operations ($40,953) ($26,825) ($300,511) ($136,265) GAAP operating margin (14%) (15%) (35%) (25%) Stock-based compensation 62,090 38,509 226,518 124,065 Payroll tax expense related to stock-based compensation1 576 410 4,756 3,452 Amortization of intangible assets 3,628 1,516 13,280 4,971 Impairment of intangible and long-lived assets 34,999 - 43,238 - Cost optimization charges 4,483 - 4,483 - Acquisition-related adjustments 3,013 4,483 21,078 5,506 Non-GAAP income (loss) from operations $67,836 $18,093 $12,842 $1,729 Non-GAAP operating margin 23% 10% 2% 0% GAAP to Non-GAAP Operating Income Reconciliation 1Beginning with the quarter ended March 31, 2022, we have excluded payroll tax expense related to stock-based compensation from the calculations of our non-GAAP financial measures, which we believe better presents the effect that excluding stock-based compensation expense has on our operating results. Our non-GAAP financial measures for 2021 were recast to conform to the updated methodology and are reflected herein for comparison purposes.

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Three Months Ended December 31, Year Ended December 31, $ in thousands, except per share data 2022 2021 2022 2021 GAAP net income (loss) attributable to common shareholders ($31,653) ($37,546) ($318,499) ($179,681) Stock-based compensation 62,090 38,509 226,518 124,065 Payroll tax expense related to stock-based compensation1 576 410 4,756 3,452 Amortization of intangible assets 3,628 1,516 13,280 4,971 Impairment of intangible and long-lived assets 34,999 - 43,238 - Cost optimization charges 4,483 - 4,483 - Amortization of debt discount and issuance costs - 7,583 - 29,616 Acquisition-related adjustments 3,013 4,483 21,078 5,506 Income tax adjustments (15,090) (2,813) 4,807 4,135 Non-GAAP net income (loss) $62,046 $12,142 ($339) ($7,936) Convertible debt interest expense, after-tax2 1,933 - - - Adjusted non-GAAP net income (loss)2 $63,979 $12,142 ($339) ($7,936) GAAP net income (loss) per share attributable to common stockholders, diluted ($0.46) ($0.56) ($4.65) ($2.67) Non-GAAP adjustments to net income (loss) per share 1.30 0.74 4.65 2.55 Non-GAAP net income (loss) per share, diluted $0.84 $0.18 - ($0.12) GAAP weighted-average shares used to compute income (loss) per share attributable to common stockholders, diluted 69,215 67,488 68,510 67,191 Effect of potentially dilutive shares 7,042 1,789 - - Non-GAAP weighted-average shares used to compute non-GAAP net income (loss) per share, diluted 76,257 69,277 68,510 67,191 GAAP to Non-GAAP Net Income Reconciliation 1Beginning with the quarter ended March 31, 2022, we have excluded payroll tax expense related to stock-based compensation from the calculations of our non-GAAP financial measures, which we believe better presents the effect that excluding stock-based compensation expense has on our operating results. Our non-GAAP financial measures for 2021 were recast to conform to the updated methodology and are reflected herein for comparison purposes. 2Beginning with the quarter ended March 31, 2022, following our adoption of ASU 2020-06 effective as of January 1, 2022, we utilize the "if- converted" method for calculating diluted net income per share, which assumes conversion of our convertible senior notes as of the beginning of the period or at the time of issuance, if later. As a result, for the three months ended December 31, 2022, we added back after-tax interest expense related to our convertible senior notes to the numerator of our calculation of diluted net income per share. For periods prior to January 1, 2022, we utilized the treasury stock method for calculating diluted net income per share.

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Disclosures Alteryx, the Alteryx logo and other registered or common law trade names, trademarks, or service marks of ours appearing in this letter are our property. The letter contains additional trade names, trademarks, and service marks of other companies, including, but not limited to, certain of our customers, technology partners, and competitors, that are the property of their respective owners. Except as otherwise expressly stated, we do not intend our use or display of other companies' trade names, trademarks, or service marks to imply a relationship with, or endorsement or sponsorship of us by, these other companies. Forward-Looking Statements This letter includes "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties, including statements regarding our expectations with respect to annual recurring revenue, guidance for the first quarter of 2023 and the full year 2023, and assumptions related to the foregoing; macroeconomic conditions and related impacts; our ability to execute our long-term growth, go-to-market, and product strategies, including with respect to our cloud offerings; our ability to achieve and improve profitability; the anticipated value, customer acceptance, and continued innovation of our products and services; the success of our sales motions; demand for data analytics products; the opportunity in our international markets; 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 history of losses; our ability to develop, release, and gain market acceptance of product and service enhancements and new products and services to respond to rapid technological change in a timely and cost-effective manner; our dependence on our software platform for substantially all of our revenue; volatile and significantly weakened global economic conditions; our ability to manage our growth and the investments made to grow our business effectively; our ability to develop a successful business model to sell products and services acquired or to integrate such products or services into our existing products and services; our ability to attract new customers and retain and expand sales to existing customers; our ability to establish and maintain successful relationships with our channel partners; intense and increasing competition in our market; the rate of growth in the market for analytics products and services; our dependence on technology and data licensed to us by third parties; risks associated with our international operations; our ability to develop, maintain, and enhance our brand and reputation cost-effectively; litigation and related costs; security breaches; and other general market, political, economic, and business conditions, including, but not limited to, impacts related to weakened global economic conditions, the ongoing conflict in Ukraine, inflationary pressures, and rising interest rates. Additionally, these forward-looking statements, particularly our guidance, involve risk, uncertainties and assumptions, many of which relate to matters that are beyond our control and changing rapidly. Additional risks and uncertainties that could affect our financial results are included under the caption "Risk Factors" in our filings with the U.S. Securities and Exchange Commission (SEC), including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, which are available on the "Investors" page of our website at http://investor.alteryx.com and on the SEC website at http://www.sec.gov. Additional information will also be set forth in our Annual Report on Form 10-K for the year ended December 31, 2022. 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. Non-GAAP Financial Measures and Operating Measures To supplement our consolidated financial statements, which are prepared and presented in accordance with U.S. generally accepted accounting principles (GAAP), we use certain non-GAAP financial measures. 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. The non- GAAP financial measures have limitations as analytical tools and you should not consider them in isolation or as a substitute for the most directly comparable financial measures prepared in accordance with GAAP. Other companies, including companies in our industry, may calculate non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in our earnings press release. Additional information regarding our non-GAAP financial measures is included under the caption "Non-GAAP Financial Measures and Operating Measures" in our earnings press release.

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Alteryx powers analytics for all by providing our leading Analytics Automation Platform. Alteryx delivers easy end-to-end automation of data engineering, analytics, reporting, machine learning, and data science processes, enabling enterprises everywhere to democratize data analytics across their organizations for a broad range of use cases. More than 8,300 customers globally rely on Alteryx to deliver high-impact business outcomes. To learn more, visit www.alteryx.com. 17200 Laguna Canyon Rd \| Irvine \| CA 92618

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