Amplitude (AMPL)
NASDAQ:AMPL
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Amplitude
(NASDAQ:AMPL)
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Rating:61Neutral
Price Target:
$6.50
▲(15.86% Upside)
Action:ReiteratedDate:02/27/26
The score is primarily supported by improving fundamentals—positive and growing free cash flow, strong gross margins, and low leverage—plus a constructive earnings outlook with ARR/retention momentum. Offsetting these positives are weak technicals (below key moving averages with negative MACD), ongoing GAAP losses reflected in a negative P/E, and some near-term execution risk from margin guidance, bookings mix, and the leadership transition.
Positive Factors
High Gross Margins
Sustained ~75%-plus gross margins reflect strong unit economics and pricing power for a cloud analytics platform. High gross margins create durable operating leverage, enabling the company to fund R&D and go-to-market investments while preserving cash generation potential over the next several quarters.
Negative Factors
Decelerating Revenue & Negative Net Margin
Revenue growth has meaningfully slowed from prior years while net margins remain negative, indicating the business hasn’t fully scaled to profitability. Sustaining investments to drive ARR and product expansion may keep GAAP losses and margin recovery uncertain in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Sustained ~75%-plus gross margins reflect strong unit economics and pricing power for a cloud analytics platform. High gross margins create durable operating leverage, enabling the company to fund R&D and go-to-market investments while preserving cash generation potential over the next several quarters.
Read all positive factors
Amplitude (AMPL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$750.21M
Dividend YieldN/A
Average Volume (3M)1.66M
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue Growth12.78%
EPS Growth-20.47%
CountryUS
Employees740
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.04
Shares Outstanding104,143,560
10 Day Avg. Volume1,366,348
30 Day Avg. Volume1,664,892
Financial Highlights & Ratios
PEG Ratio1.46
Price to Book (P/B)6.23
Price to Sales (P/S)4.45
P/FCF Ratio54.19
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue1.97
Enterprise Value/Gross Profit2.66
Enterprise Value/Ebitda-8.30
Forecast
1Y Price Target
$12.56Price Target Upside123.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)0.11
Revenue Forecast (FY)$395.08M
Amplitude Business Overview & Revenue Model
Company Description
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-code p...
How the Company Makes Money
Amplitude primarily makes money by selling subscriptions to its software platform (software-as-a-service). Customers pay recurring fees to access Amplitude’s analytics capabilities, with pricing typically scaling based on factors such as product e...
Amplitude Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyAmplitude Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call presented multiple meaningful operational and product wins — solid revenue and ARR growth, improved retention and multiproduct adoption, strong free cash flow and margin progress, and clear early traction for AI/agentic analytics (including a 76% success rate and rapid agent-driven query growth). Management also laid out deliberate pricing, packaging and enterprise go-to-market shifts and approved additional buyback capacity. Headwinds are mainly near-term and execution/visibility related: Q1 margin guidance is negative, S&M will step up in Q1, bookings were back-end loaded with fewer very large expansions in the quarter, agentic capabilities still have room to improve, and competition/market consolidation remain risks. Overall, the positives (accelerating ARR, improved retention, FCF improvement, AI product momentum and platform adoption) materially outweigh the near-term lowlights.Positive Updates
Strong Quarterly and Annual Revenue Growth
Q4 revenue of $91.4M, up 17% year-over-year and above the high end of guidance; fiscal 2025 revenue of $343.2M, up 15% year-over-year (vs 8% in FY2024).
Negative Updates
Near-Term Profitability Pressure in Q1 Guidance
Q1 FY2026 guidance expects revenue $91.7M–$93.7M but non-GAAP operating income guide is negative $4.5M to negative $2.5M, indicating planned incremental near-term investments and timing-related expense pressure.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Quarterly and Annual Revenue Growth
Q4 revenue of $91.4M, up 17% year-over-year and above the high end of guidance; fiscal 2025 revenue of $343.2M, up 15% year-over-year (vs 8% in FY2024).
Read all positive updates
Company Guidance
Amplitude guided Q1 FY‑2026 revenue of $91.7M–$93.7M (≈16% y/y growth at the midpoint), non‑GAAP operating income of negative $4.5M to negative $2.5M, and non‑GAAP net income per share of negative $0.02 to negative $0.01 (assuming ~135.1M basic shares). For full‑year FY‑2026 they forecast revenue of $390M–$398M (≈15% y/y growth at the midpoint), non‑GAAP operating income of $7M–$13M, and non‑GAAP net income per share of $0.08–$0.13 (assuming ~145.9M diluted shares).Amplitude Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 343.21M | 299.27M | 276.28M | 238.07M | 167.26M |
| Gross Profit | 253.93M | 222.35M | 204.36M | 167.63M | 115.50M |
| EBITDA | -75.73M | -101.28M | -88.76M | -91.90M | -71.06M |
| Net Income | -88.54M | -94.32M | -90.36M | -93.38M | -74.98M |
Balance Sheet | |||||
| Total Assets | 420.68M | 445.91M | 433.68M | 413.75M | 400.39M |
| Cash, Cash Equivalents and Short-Term Investments | 192.00M | 241.10M | 322.40M | 230.47M | 307.44M |
| Total Debt | 6.88M | 5.58M | 8.18M | 11.09M | 0.00 |
| Total Liabilities | 175.34M | 149.35M | 138.93M | 118.79M | 93.84M |
| Stockholders Equity | 245.35M | 296.56M | 294.75M | 294.97M | 306.55M |
Cash Flow | |||||
| Free Cash Flow | 28.20M | 11.73M | 22.45M | -11.19M | -34.94M |
| Operating Cash Flow | 29.82M | 18.51M | 25.63M | -5.38M | -31.71M |
| Investing Cash Flow | -55.08M | -75.37M | 9.32M | -89.39M | -1.50M |
| Financing Cash Flow | -65.33M | -19.94M | -4.94M | 5.83M | 222.64M |
Amplitude Technical Analysis
Negative
5.61
Price Trends
7.18
Negative
8.98
Negative
10.15
Negative
Market Momentum
-0.37
Positive
25.79
Positive
11.37
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPL, the sentiment is Negative. The current price of 5.61 is below the 20-day moving average (MA) of 6.77, below the 50-day MA of 7.18, and below the 200-day MA of 10.15, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 25.79 is Positive, neither overbought nor oversold. The STOCH value of 11.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMPL.
Amplitude Risk Analysis
Amplitude disclosed 66 risk factors in its most recent earnings report. Amplitude reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Amplitude Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $1.80B | -93.17 | -6.73% | ― | 19.87% | -136.93% | |
64 Neutral | $486.93M | 5.56 | 77.23% | ― | 7.01% | ― | |
64 Neutral | $1.34B | 69.87 | 3.93% | ― | 6.48% | 168.94% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $750.21M | -17.26 | -32.90% | ― | 12.78% | -20.47% | |
59 Neutral | $297.61M | -15.25 | -22.88% | ― | 13.09% | 32.34% |
* Technology Sector Average
AMPL
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5.61
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Amplitude Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Amplitude Announces Leadership Transition and Reaffirms 2026 Outlook
Positive
Feb 24, 2026
On February 24, 2026, Amplitude announced that President Thomas Hansen will leave his role effective March 31, 2026, but will remain as an advisor through April 1, 2027 to support continuity and a smooth transition. The company said Hansen’s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.