Amplitude (AMPL) AI Stock Analysis

• Market Cap: $1.58B
• Dividend Yield: N/A
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: 8.56%
• EPS Growth: -4.21%
• Country: US
• Employees: 740
• Sector: Technology
• Sector Strength: 89
• Industry: Software - Application
• EPS (TTM): 0.00
• Shares Outstanding: 98,795,586
• 10 Day Avg. Volume: 1,312,778
• 30 Day Avg. Volume: 1,397,218
• PEG Ratio: -0.61
• Price to Book (P/B): 4.56
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -120.27
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 0.96
• Enterprise Value/Gross Profit: 4.99
• Enterprise Value/Ebitda: -3.00
• 1Y Price Target: $13.25
• Price Target Upside: 7.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 63 Neutral
• Price Target: $13.00 ▲(5.09%Upside)

Amplitude's overall score reflects strong growth in revenue and ARR, supported by strategic innovations and customer expansions. However, profitability challenges and valuation concerns weigh on the score. Positive technical momentum provides some optimism, but macroeconomic uncertainties and continued operating losses remain key risks.

Positive Factors

Market Position

Being chosen as a key part of the gen-AI tech stack positions the company as a leader in the AI space.

Product Development

New AI Agent products look promising and give the company a competing edge.

Negative Factors

Growth Strategy

While new products are gaining traction, growth acceleration relies heavily on enterprise and multiproduct adoption.

Revenue Growth

There is a need for a faster pace of revenue reacceleration and visibility into near-term margin expansion.

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 personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions. The company also provides customer support services related to initial implementation setup, ongoing support, and application training. It delivers its application over the Internet as a subscription service using a software-as-a-service model. The company was formerly known as Sonalight, Inc. and changed its name to Amplitude, Inc. in December 2014. Amplitude, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

How the Company Makes Money

Amplitude makes money through a subscription-based revenue model. The company charges businesses for access to its digital analytics platform, which is typically offered in various pricing tiers based on the scale and features required by the client. Key revenue streams include subscriptions to its core analytics software, premium features, and enterprise-level solutions that cater to larger organizations. Amplitude also generates revenue through professional services such as training and consulting, which help clients maximize the value of their analytics capabilities. Significant partnerships with technology companies and integrations with other business tools further enhance its offerings and contribute to its earnings.

Amplitude Financial Statement Overview

Summary

Amplitude shows robust revenue growth but suffers from ongoing losses and negative cash flow ratios. The balance sheet is stable with low leverage, but profitability remains a significant challenge.

Income Statement

Amplitude has shown consistent revenue growth, with a notable increase from $238.1 million in 2022 to $306.6 million in TTM. However, the company is not yet profitable, as indicated by negative net income and EBIT margins. The gross profit margin is relatively strong, but the net profit margin remains negative due to high operating expenses.

Balance Sheet

The balance sheet shows a solid equity base with a good equity ratio. The company maintains low levels of debt, resulting in a low debt-to-equity ratio, which is a positive indicator of financial stability. However, return on equity is negative due to ongoing losses, which is a risk factor.

Cash Flow

Amplitude's cash flow is improving, with a positive operating cash flow in TTM. However, free cash flow has decreased, and the free cash flow to net income ratio is negative, reflecting the company's ongoing challenges in generating cash relative to its net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	306.60M	299.27M	276.28M	238.07M	167.26M	102.46M
Gross Profit	228.32M	222.35M	204.36M	167.63M	115.50M	71.98M
EBITDA	-99.93M	-101.28M	-88.76M	-91.90M	-71.06M	-22.31M
Net Income	-95.09M	-94.32M	-90.36M	-93.38M	-74.98M	-24.57M
Balance Sheet
Total Assets	445.79M	445.91M	433.68M	413.75M	400.39M	175.08M
Cash, Cash Equivalents and Short-Term Investments	209.04M	241.10M	322.40M	230.47M	307.44M	117.78M
Total Debt	5.37M	5.58M	8.18M	11.09M	0.00	0.00
Total Liabilities	156.33M	149.35M	138.93M	118.79M	93.84M	242.20M
Stockholders Equity	289.46M	296.56M	294.75M	294.97M	306.55M	-67.12M
Cash Flow
Free Cash Flow	6.18M	16.78M	22.45M	-11.19M	-34.94M	-12.60M
Operating Cash Flow	10.53M	18.51M	25.63M	-5.38M	-31.71M	-10.39M
Investing Cash Flow	-124.81M	-75.37M	9.32M	-89.39M	-1.50M	-5.91M
Financing Cash Flow	-20.24M	-19.94M	-4.94M	5.83M	222.64M	54.24M

Amplitude Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPL, the sentiment is Positive. The current price of 12.37 is above the 20-day moving average (MA) of 12.27, above the 50-day MA of 11.08, and above the 200-day MA of 10.68, indicating a bullish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 56.14 is Neutral, neither overbought nor oversold. The STOCH value of 75.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMPL.

Amplitude Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DAVE	74 Outperform	$3.02B	66.87	32.09%	―	39.29%	―
ML	69 Neutral	$972.40M	114.79	3.34%	―	28.92%	―
SPT	66 Neutral	$1.18B	―	-36.95%	―	17.79%	16.49%
AMPL	63 Neutral	$1.58B	―	-32.87%	―	8.56%	-4.21%
SEMR	63 Neutral	$1.31B	189.89	2.81%	―	22.75%	-47.45%
MLNK	63 Neutral	$1.24B	―	-6.49%	―	5.15%	28.27%
Sector *	62 Neutral	£570.90M	24.23	-6.00%	2.32%	3.52%	-29.29%

Amplitude Corporate Events

Amplitude Announces Board Changes at Annual Meeting

Amplitude, Inc. held its 2025 annual meeting of stockholders on June 12, 2025, where key decisions were made regarding the company’s governance and financial oversight. The stockholders elected Class I directors, ratified KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and approved the compensation of the company’s named executive officers on an advisory basis. Additionally, Eric Vishria announced his resignation from the Board of Directors effective June 16, 2025, after over a decade of service.

The most recent analyst rating on (AMPL) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Amplitude stock, see the AMPL Stock Forecast page.