AMPG

MKT CAP:$41M

AmpliTech Group, Inc.

Market Cap

$41M

Technology·Communication Equipment·🇺🇸 United States·NASDAQ

Technology·Communication·🇺🇸·NASDAQ

Stock Price

$1.97-$1.31 (-39.94%)

Apr 21, 2026

Company Details

AmpliTech Group, Inc. designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of vario...

CEO

Fawad A. Maqbool

IPO Date

Jan 8, 2021

Website

www.amplitechinc.com

Key Metrics TTM

Revenue

$25M

+165.0% YoY

Net Income

-$7M

EPS (Diluted)

-$0.34

Free Cash Flow

-$8M

Revenue / Share

$1.22

Gross Margin

22.3%

Operating Margin

-29.1%

Net Margin

-27.8%

FCF Margin

-33.4%

P/S

1.6x

P/E

—

Earnings Reports

FY 2025

Mar 26, 2026

$25M+165.0%EPS -$0.33

Q4 2025

Mar 26, 2026

$4M+141.6%EPS -$0.15

Q3 2025

Nov 14, 2025

$6M+114.9%EPS -$0.01

Q2 2025

Aug 14, 2025

$11M+336.2%EPS -$0.09

Q1 2025

May 15, 2025

$4M+56.9%EPS -$0.09

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$5M	$2M	$9.0K
Q2 22	$5M	$2M	-$359.9K
Q3 22	$5M	$3M	$586.0K
Q4 22	$4M	$2M	-$84.1K
Q1 23	$4M	$2M	-$619.1K
Q2 23	$4M	$2M	-$508.1K
Q3 23	$3M	$1M	-$927.2K
Q4 23	$4M	$2M	-$523.0K
Q1 24	$2M	$882.6K	-$1M
Q2 24	$3M	$1M	-$2M
Q3 24	$3M	$1M	-$1M
Q4 24	$2M	$197.5K	-$4M
Q1 25	$4M	$1M	-$2M
Q2 25	$11M	$862.9K	-$2M
Q3 25	$6M	$3M	-$221.3K
Q4 25	$4M	$599.5K	-$3M

Valuation

Quarter	P/S	P/E
Q1 22	3.0x	—
Q2 22	1.3x	—
Q3 22	1.1x	—
Q4 22	1.1x	—
Q1 23	1.4x	—
Q2 23	1.3x	—
Q3 23	1.2x	—
Q4 23	1.2x	—
Q1 24	1.4x	—
Q2 24	0.9x	—
Q3 24	0.8x	—
Q4 24	6.5x	—
Q1 25	2.9x	—
Q2 25	2.3x	—
Q3 25	3.5x	—
Q4 25	2.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$2M	-$2M
Q2 22	-$1M	-$2M
Q3 22	-$326.5K	-$772.3K
Q4 22	$83.6K	$44.1K
Q1 23	-$652.5K	-$704.2K
Q2 23	-$604.4K	-$1M
Q3 23	-$509.2K	-$664.4K
Q4 23	-$2M	-$2M
Q1 24	-$1M	-$4M
Q2 24	-$1M	-$1M
Q3 24	-$2M	$2M
Q4 24	-$1M	-$1M
Q1 25	-$1M	-$1M
Q2 25	-$2M	-$2M
Q3 25	-$999.4K	-$1M
Q4 25	-$3M	-$4M

Capital Expenditures

Quarter	CapEx
Q1 22	$82.8K
Q2 22	$167.6K
Q3 22	$445.8K
Q4 22	$39.5K
Q1 23	$51.7K
Q2 23	$724.8K
Q3 23	$155.2K
Q4 23	$41.7K
Q1 24	$3M
Q2 24	$12.1K
Q3 24	$3M
Q4 24	$16.5K
Q1 25	$1.6K
Q2 25	$126.4K
Q3 25	$442.6K
Q4 25	$85.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+978.2%	+283.7%
Q2 22	+347.5%	+186.9%
Q3 22	+414.4%	+204.4%
Q4 22	+57.1%	-19.1%
Q1 23	-19.4%	-7.1%
Q2 23	-11.1%	-7.3%
Q3 23	-37.7%	-11.0%
Q4 23	-6.2%	+4.0%
Q1 24	-44.2%	-21.4%
Q2 24	-37.9%	-10.6%
Q3 24	-16.3%	-9.0%
Q4 24	-53.8%	+36.7%
Q1 25	+56.9%	+47.5%
Q2 25	+336.2%	+216.2%
Q3 25	+114.9%	+60.9%
Q4 25	+141.6%	+25.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$44.9K	0.9%
Q2 22	$237.3K	5.2%
Q3 22	$64.4K	1.2%
Q4 22	$52.4K	1.2%
Q1 23	$66.0K	1.6%
Q2 23	$64.9K	1.6%
Q3 23	$149.6K	4.4%
Q4 23	$0	0.0%
Q1 24	$138.7K	6.0%
Q2 24	$96.8K	3.8%
Q3 24	$94.5K	3.3%
Q4 24	$187.9K	10.1%
Q1 25	$125.1K	3.5%
Q2 25	$98.4K	0.9%
Q3 25	$92.2K	1.5%
Q4 25	$242.0K	5.4%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$413.3K	$2M
Q2 22	$175.8K	$2M
Q3 22	$222.5K	$2M
Q4 22	$212.4K	—
Q1 23	$348.7K	$2M
Q2 23	$697.9K	$2M
Q3 23	$425.6K	$2M
Q4 23	$698.4K	$2M
Q1 24	$276.8K	$2M
Q2 24	$460.1K	$2M
Q3 24	$572.4K	$2M
Q4 24	$721.3K	$2M
Q1 25	$739.7K	$2M
Q2 25	$658.8K	$2M
Q3 25	$699.3K	$2M
Q4 25	$589.4K	$3M

Revenue Segments

Quarter	Distribution	Manufacturing And Engineering
Q2 25	$2M	$9M
Q3 25	$2M	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$16M	$0	$16M
Q2 22	$14M	$0	$14M
Q3 22	$13M	$493.3K	$14M
Q4 22	$13M	$247.4K	$14M
Q1 23	$8M	$3M	$11M
Q2 23	$6M	$3M	$9M
Q3 23	$5M	$3M	$9M
Q4 23	$7M	$0	$7M
Q1 24	$2M	$0	$2M
Q2 24	$1M	$0	$1M
Q3 24	$1M	$0	$1M
Q4 24	$19M	$0	$19M
Q1 25	$17M	$0	$17M
Q2 25	$11M	$0	$11M
Q3 25	$8M	$0	$8M
Q4 25	$5M	$0	$5M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	10M	+2.5%	+72.1%
Q2 22	10M	+0.1%	+8.2%
Q3 22	10M	+1.3%	+4.0%
Q4 22	10M	-0.8%	+3.1%
Q1 23	10M	+0.0%	+0.6%
Q2 23	10M	+0.0%	+0.5%
Q3 23	10M	+0.2%	-0.5%
Q4 23	10M	+0.5%	+0.8%
Q1 24	10M	+0.0%	+0.8%
Q2 24	10M	+0.0%	+0.8%
Q3 24	10M	+2.9%	+3.5%
Q4 24	12M	+18.8%	+22.4%
Q1 25	20M	+65.3%	+102.3%
Q2 25	20M	+3.5%	+109.3%
Q3 25	21M	+1.2%	+105.7%
Q4 25	21M	+0.5%	+74.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$150.0K	34
Q2 22	$134.8K	34
Q3 22	$159.9K	34
Q4 22	$118.8K	36
Q1 23	$114.2K	36
Q2 23	$113.1K	36
Q3 23	$94.1K	36
Q4 23	$87.2K	46
Q1 24	$49.9K	46
Q2 24	$54.9K	46
Q3 24	$61.6K	46
Q4 24	$39.4K	47
Q1 25	$76.6K	47
Q2 25	$234.6K	47
Q3 25	$129.7K	47
Q4 25	$97.3K	46

Revenue / Employee