AMPL

MKT CAP:$932M

Amplitude, Inc.

Market Cap

$932M

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$6.88-$4.05 (-37.01%)

Apr 24, 2026

Company Details

Amplitude, Inc. provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no...

CEO

Spenser Skates

IPO Date

Sep 28, 2021

Website

amplitude.com

Key Metrics TTM

Revenue

$343M

+14.7% YoY

Net Income

-$89M

EPS (Diluted)

-$0.67

Free Cash Flow

$25M

Revenue / Share

$2.57

Gross Margin

74.0%

Operating Margin

-28.0%

Net Margin

-25.8%

FCF Margin

7.3%

P/S

2.7x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 18, 2026

$343M+14.7%EPS -$0.67

Q4 2025

Feb 18, 2026

$91M+17.0%EPS -$0.13

Q3 2025

Nov 5, 2025

$89M+17.7%EPS -$0.18

Q2 2025

Aug 6, 2025

$83M+13.6%EPS -$0.19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$53M	$37M	-$22M
Q2 22	$58M	$41M	-$25M
Q3 22	$62M	$44M	-$24M
Q4 22	$65M	$46M	-$26M
Q1 23	$66M	$47M	-$29M
Q2 23	$68M	$51M	-$23M
Q3 23	$71M	$53M	$0
Q4 23	$71M	$53M	-$22M
Q1 24	$73M	$54M	-$25M
Q2 24	$73M	$54M	-$27M
Q3 24	$75M	$56M	-$20M
Q4 24	$78M	$58M	-$36M
Q1 25	$80M	$60M	-$24M
Q2 25	$83M	$60M	-$27M
Q3 25	$89M	$65M	-$26M
Q4 25	$91M	$68M	-$19M

Valuation

Quarter	P/S	P/E
Q1 22	5.0x	—
Q2 22	4.5x	—
Q3 22	4.2x	—
Q4 22	3.9x	—
Q1 23	3.7x	—
Q2 23	3.6x	—
Q3 23	3.5x	—
Q4 23	3.4x	—
Q1 24	3.3x	—
Q2 24	3.2x	—
Q3 24	3.2x	—
Q4 24	3.1x	—
Q1 25	3.0x	—
Q2 25	2.9x	—
Q3 25	2.8x	—
Q4 25	2.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$8M	-$10M
Q2 22	$11M	$8M
Q3 22	-$3M	-$4M
Q4 22	-$5M	-$6M
Q1 23	-$5M	-$6M
Q2 23	$20M	$19M
Q3 23	$8M	$7M
Q4 23	$2M	$1M
Q1 24	-$48.0K	-$1M
Q2 24	$9M	$7M
Q3 24	$6M	$4M
Q4 24	$3M	$2M
Q1 25	-$8M	-$9M
Q2 25	$20M	$18M
Q3 25	$5M	$3M
Q4 25	$13M	$13M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$2M
Q3 22	$747.0K
Q4 22	$1M
Q1 23	$777.0K
Q2 23	$1M
Q3 23	$476.0K
Q4 23	$839.0K
Q1 24	$1M
Q2 24	$2M
Q3 24	$2M
Q4 24	$2M
Q1 25	$1M
Q2 25	$2M
Q3 25	$2M
Q4 25	$185.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+60.3%	+91.2%
Q2 22	+48.1%	+68.8%
Q3 22	+35.5%	+4.3%
Q4 22	+32.0%	+28.4%
Q1 23	+25.3%	+27.4%
Q2 23	+16.6%	+9.4%
Q3 23	+14.6%	-17.7%
Q4 23	+9.4%	+2.1%
Q1 24	+9.2%	+1.8%
Q2 24	+8.2%	+11.1%
Q3 24	+6.5%	+34.8%
Q4 24	+9.4%	+22.2%
Q1 25	+10.1%	+7.0%
Q2 25	+13.6%	+9.9%
Q3 25	+17.7%	+19.9%
Q4 25	+17.0%	-2.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$14M	25.4%
Q2 22	$15M	25.5%
Q3 22	$18M	30.0%
Q4 22	$20M	31.2%
Q1 23	$20M	30.0%
Q2 23	$22M	32.4%
Q3 23	$23M	32.7%
Q4 23	$23M	32.6%
Q1 24	$21M	29.0%
Q2 24	$23M	31.0%
Q3 24	$21M	28.1%
Q4 24	$35M	44.9%
Q1 25	$21M	25.8%
Q2 25	$25M	29.4%
Q3 25	$25M	28.4%
Q4 25	$22M	24.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 22	$17M	$14M	$28M
Q2 22	$20M	$11M	$34M
Q3 22	$22M	$14M	$33M
Q4 22	$22M	$14M	$35M
Q1 23	$24M	$14M	$39M
Q2 23	$22M	$13M	$38M
Q3 23	$22M	$14M	$38M
Q4 23	$22M	$15M	$38M
Q1 24	$23M	$15M	$41M
Q2 24	$21M	$16M	$44M
Q3 24	$19M	$17M	$41M
Q4 24	$34M	$17M	$42M
Q1 25	$24M	$16M	$44M
Q2 25	$24M	$17M	$47M
Q3 25	$27M	$16M	$48M
Q4 25	$23M	$15M	$49M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 22	60.3%	-39.7%	20.5
Q2 22	48.1%	-40.6%	7.5
Q3 22	35.5%	-37.1%	-1.6
Q4 22	32.0%	-37.3%	-5.3
Q1 23	25.3%	-41.9%	-16.6
Q2 23	16.6%	-31.4%	-14.8
Q3 23	14.6%	-27.6%	-12.9
Q4 23	9.4%	-28.2%	-18.8
Q1 24	9.2%	-32.0%	-22.8
Q2 24	8.2%	-35.3%	-27.1
Q3 24	6.5%	-24.8%	-18.3
Q4 24	9.4%	-42.9%	-33.5
Q1 25	10.1%	-27.4%	-17.3
Q2 25	13.6%	-29.7%	-16.1
Q3 25	17.7%	-23.2%	-5.5
Q4 25	17.0%	-15.6%	1.5

Rule of 40

Revenue Segments

Quarter	Operating Segments
Q1 25	$80M
Q2 25	$83M
Q3 25	$89M

Revenue by Geography

Quarter	International	United States
Q3 23	$28M	$43M
Q1 24	$29M	$43M
Q2 24	$29M	$44M
Q3 24	$30M	$45M
Q1 25	$31M	$49M
Q2 25	$32M	$51M
Q3 25	$34M	$54M
Q4 25	$36M	$56M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$300M	$0	$300M
Q2 22	$310M	$0	$310M
Q3 22	$247M	$0	$247M
Q4 22	$218M	$12M	$230M
Q1 23	$214M	$53M	$267M
Q2 23	$234M	$56M	$290M
Q3 23	$239M	$83M	$321M
Q4 23	$248M	$74M	$322M
Q1 24	$266M	$50M	$316M
Q2 24	$282M	$36M	$318M
Q3 24	$317M	$2M	$320M
Q4 24	$172M	$69M	$241M
Q1 25	$131M	$78M	$209M
Q2 25	$120M	$88M	$208M
Q3 25	$82M	$107M	$189M
Q4 25	$81M	$111M	$192M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	110M	+1.5%	+10.3%
Q2 22	111M	+1.4%	+8.4%
Q3 22	112M	+0.9%	+6.5%
Q4 22	113M	+1.0%	+4.8%
Q1 23	114M	+1.1%	+4.4%
Q2 23	116M	+1.6%	+4.6%
Q3 23	118M	+1.5%	+5.3%
Q4 23	119M	+1.1%	+5.4%
Q1 24	121M	+1.3%	+5.6%
Q2 24	123M	+1.5%	+5.6%
Q3 24	124M	+1.4%	+5.4%
Q4 24	128M	+2.8%	+7.1%
Q1 25	130M	+1.5%	+7.3%
Q2 25	131M	+1.3%	+7.1%
Q3 25	131M	0.0%	+5.7%
Q4 25	134M	+1.8%	+4.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$86.7K	612
Q2 22	$95.0K	612
Q3 22	$100.7K	612
Q4 22	$88.5K	737
Q1 23	$90.2K	737
Q2 23	$91.9K	737
Q3 23	$95.8K	737
Q4 23	$105.8K	675
Q1 24	$107.6K	675
Q2 24	$108.6K	675
Q3 24	$111.4K	675
Q4 24	$78.1K	1K
Q1 25	$80.0K	1K
Q2 25	$83.3K	1K
Q3 25	$88.6K	1K
Q4 25	$91.4K	1K

Revenue / Employee