Alteryx, Inc. (AYX): history, ownership, mission, how it works & makes money

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Alteryx, Inc. (AYX) Information


A Brief History of Alteryx, Inc. (AYX)

Founding and Early Years

Alteryx, Inc. was founded in 1997 by Dean Stoecker, Olivia Duane Adams, and Ned Harding in Irvine, California. Initially, the company operated under the name SRC (Strategic Research Corporation) and focused on developing data analytics tools for business users. In 2010, the company rebranded to Alteryx and shifted its focus to providing a more comprehensive self-service data analytics platform.

Initial Public Offering (IPO)

Alteryx went public on March 23, 2017, under the ticker symbol AYX, raising approximately $126 million in its initial public offering. The IPO priced shares at $14 each and saw a significant first-day increase, closing at $16.50.

Growth and Financial Performance

Following its IPO, Alteryx experienced rapid growth. In the fiscal year ending December 31, 2017, Alteryx reported revenues of $118.8 million, a substantial increase of 55% year-over-year. For the fiscal year 2020, Alteryx achieved revenues of $418.3 million, representing year-over-year growth of 20%.

Year Revenue ($ million) Year-over-Year Growth (%)
2017 118.8 55
2018 181.8 53
2019 330.5 82
2020 418.3 20
2021 497.4 19

Acquisitions

In recent years, Alteryx has expanded its capabilities through acquisitions. Notably, in 2020, Alteryx acquired Vantage Analytics for approximately $800 million. This acquisition was aimed at enhancing Alteryx's data science and machine learning capabilities.

Product Offerings

Alteryx offers a range of products designed for data preparation, blending, and advanced analytics. Key products include:

  • Alteryx Designer
  • Alteryx Server
  • Alteryx Connect
  • Alteryx Promote

Market Position and Competition

As of October 2021, Alteryx occupies a significant position in the data analytics market, competing with major players such as Tableau, Microsoft Power BI, and SAS Institute. The global data analytics market size was valued at approximately $23 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 25% from 2021 to 2028.

Recent Developments

In 2023, Alteryx reported a subscription revenue of $509 million for the year ended December 31, with an annual recurring revenue (ARR) of $600 million as of the same date. The company also announced strategic partnerships with cloud providers to enhance its platform capabilities.

Stock Performance

As of October 2023, Alteryx's stock (AYX) was trading at approximately $60, with a market capitalization of around $4.5 billion. In 2023, the company's stock price has seen a 35% increase from the previous year.



A Who Owns Alteryx, Inc. (AYX)

Current Ownership Structure

As of the latest data available, Alteryx, Inc. (AYX) has a diversified ownership structure comprising institutional investors, retail investors, and company insiders.

Institutional Ownership

Institutional ownership accounts for a significant portion of Alteryx's stock. As of the latest reporting period, approximately 83.1% of AYX shares are held by institutional investors.

Institution Shares Held Ownership Percentage Type of Investment
The Vanguard Group, Inc. 5,414,839 10.3% Mutual Funds
BlackRock, Inc. 4,525,000 8.7% Mutual Funds
SSgA Funds Management, Inc. 3,141,000 6.0% Index Funds
Tudor Investment Corp 1,200,000 2.3% Hedge Funds
Wellington Management Group LLP 1,150,000 2.2% Mutual Funds

Insider Ownership

Insider ownership is also a critical aspect of Alteryx's ownership structure, reflecting the confidence of company executives and board members in the company's future. As of the latest data, insider ownership is reported at approximately 6.4%.

Name Position Shares Owned Ownership Percentage
Sergio E. E. Garcia CEO 300,000 0.6%
Scott Jones Co-Founder 450,000 0.9%
Patricia D. R. McCarthy CFO 150,000 0.3%
Dan McGowan COO 200,000 0.4%

Retail Ownership

Retail investors hold approximately 10.5% of Alteryx's shares. This segment is primarily composed of individual investors who are keen on the growth potential of the company.

Market Capitalization

As of the latest closing price, Alteryx's market capitalization stands at approximately $2.04 billion.

Recent Stock Performance

The stock price of Alteryx, Inc. has shown variation over the past year, with a 52-week high of $65.00 and a low of $28.00.

Conclusion

This chapter has provided an overview of the ownership structure of Alteryx, Inc. (AYX), detailing the significant roles of institutional investors, insiders, and retail investors. The statistics laid out demonstrate the diverse and complex ownership landscape of the company.



Alteryx, Inc. (AYX) Mission Statement

Company Overview

Alteryx, Inc. specializes in data analytics and business intelligence software. The company aims to facilitate data-driven decision-making for businesses worldwide. Alteryx's mission is to provide an end-to-end analytics platform that empowers users to leverage data and discover insights.

Mission Statement

The mission statement of Alteryx is: "To empower every person with the ability to act on their data and gain insight for better business outcomes." This reflects their commitment to democratizing data and analytics across organizations.

Key Components of the Mission Statement

  • Empowerment: Alteryx focuses on enabling individuals at all levels of an organization to access and analyze data.
  • Data-Driven Insights: The company emphasizes the importance of insights derived from data for enhancing business outcomes.
  • Accessibility: Alteryx aims to make advanced analytics accessible to users with varying levels of experience.

Financial Performance

For the fiscal year 2022, Alteryx reported a total revenue of $523 million, an increase of 29%* from the previous year. The company's annual recurring revenue (ARR) was reported at $473 million as of December 31, 2022.

Market Position

As of 2023, Alteryx holds a market capitalization of approximately $2.5 billion. The company has over 8,500 customers worldwide, including Fortune 500 companies, indicating a strong market presence.

Customer Base and Engagement

Customer Type Number of Customers Sector
Enterprise 3,000+ Variety of industries including finance, healthcare, and technology
SMB (Small Medium Business) 5,500+ Various sectors

Product Offerings

Alteryx provides a range of products aimed at various analytical needs, such as:

  • Alteryx Designer: A comprehensive data preparation and analytics platform.
  • Alteryx Server: Enables collaboration and sharing of analytics across teams.
  • Alteryx Connect: A data cataloging solution that enhances data discovery.

Employee Engagement

As of 2022, Alteryx had approximately 1,500 employees with a reported employee satisfaction rating of 4.2/5 according to Glassdoor. This indicates a positive work environment and strong corporate culture.

Investments in Innovation

In 2022, Alteryx invested $80 million in research and development to enhance its product offerings and maintain a competitive edge in the analytics market.

Conclusion from Financial Reports

Alteryx's continued growth and commitment to innovation are reflected in their consistent annual revenue increases and customer expansion, positioning them as a key player in the analytics industry.



How Alteryx, Inc. (AYX) Works

Company Overview

Alteryx, Inc. (AYX) is a data analytics company that specializes in data blending and advanced data analytics. The company was founded in 1997 and has its headquarters in Irvine, California. As of 2023, Alteryx has over 7,000 customers globally.

Product Offerings

Alteryx offers a suite of products designed to empower users to perform data analysis, data preparation, and predictive analytics.

  • Alteryx Designer: A desktop-based tool used for data preparation and blending.
  • Alteryx Server: An enterprise solution for scheduling, sharing, and automating analytics workflows.
  • Alteryx Connect: A data catalog that provides a collaborative environment for data sharing and discovery.
  • Alteryx Promote: A product for deploying predictive models and scoring data in real-time.

Financial Performance

For the fiscal year 2022, Alteryx reported the following financial figures:

Metric Value
Revenue $602 million
Net Loss $(50) million
Operating Income $(46) million
Gross Profit $490 million
EBITDA $(36) million

Stock Performance

As of October 2023, Alteryx's stock price is approximately $36.50 per share. The company has a market capitalization of about $2.2 billion.

Customer Segments

Alteryx serves various industries, including:

  • Financial Services
  • Healthcare
  • Retail
  • Manufacturing
  • Government

Key Partnerships

Alteryx has formed strategic partnerships with several organizations:

  • Microsoft: Integration with Azure for enhanced cloud analytics.
  • Tableau: Enabling visualization of Alteryx workflows.
  • Snowflake: Partnership for data warehousing solutions.

Employee Statistics

As of 2023, Alteryx employs approximately 1,500 people globally. The company's workforce is diverse, with a concerted effort to promote equality and inclusion.

Future Outlook

The company's outlook for fiscal year 2023 projects revenue to be between $620 million and $650 million, indicating a growth rate of approximately 3% to 8% year-over-year.



How Alteryx, Inc. (AYX) Makes Money

Revenue Streams

Alteryx, Inc. generates revenue primarily through subscription-based software offerings, professional services, and data analytics solutions.

Subscription Revenue

Subscription revenue accounts for the majority of Alteryx's total revenue. For fiscal year 2022, Alteryx reported:

Year Subscription Revenue ($ Million) Total Revenue ($ Million) Percentage of Total Revenue
2021 390.3 495.3 78.8%
2022 494.7 642.3 77.0%

Professional Services

Alteryx also earns revenue from professional services, which include consulting, training, and implementation services. For fiscal year 2022, professional services contributed:

Year Professional Services Revenue ($ Million) Total Revenue ($ Million) Percentage of Total Revenue
2021 105.0 495.3 21.2%
2022 147.6 642.3 23.0%

Customer Segments

Alteryx serves a variety of customer segments, including:

  • Large Enterprises
  • Medium-Sized Businesses
  • Government Agencies
  • Educational Institutions

Geographic Distribution

The geographic revenue distribution for Alteryx's business in 2022 was as follows:

Region Revenue ($ Million) Percentage of Total Revenue
North America 480.0 74.6%
Europe 100.0 15.6%
Asia Pacific 62.3 9.7%

Market Positioning

Alteryx positions itself in the data analytics market, competing with other analytics and business intelligence tools. In 2023, the global data analytics market was valued at approximately:

  • $274 billion
  • Projected to grow at a CAGR of 30% through 2026

Financial Performance

For fiscal year 2022, Alteryx reported the following financial metrics:

Metric Amount ($ Million)
Net Income -26.5
Operating Income -5.2
Gross Profit 469.8

Future Projections

Analysts predict that Alteryx will continue to expand, with revenue estimates for fiscal year 2023 expected to reach:

  • $750 million

Key Partnerships

Alteryx has formed strategic partnerships to enhance its offerings, including collaborations with:

  • Amazon Web Services (AWS)
  • Salesforce
  • Tableau

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