10-K · February 19, 2026
Amplitude positions itself as a leader in the emerging "AI analytics" category with a unified AI Analytics Platform that bundles Analytics, Session Replay, Experimentation, Activation, Guides/Surveys, AI Agents, MCP, AI…
Earnings analysis · 10-Q
AMPL earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Amplitude, Inc. (AMPL) reported Q1 2026 revenue of $93.5 million, a 17% increase from Q1 2025, and a narrower EPS loss of -$0.02 versus -$0.17 in the prior year. The company reported significant investments in R&D and…
Read full summary
Amplitude, Inc. (AMPL) reported Q1 2026 revenue of $93.5 million, a 17% increase from Q1 2025, and a narrower EPS loss of -$0.02 versus -$0.17 in the prior year. The company reported significant investments in R&D and marketing, indicating a focus on growth despite rising operational costs. Management cautioned about challenges affecting cash flow, with an operating cash flow of -$11.6 million this period.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.02
What stood out
-
Revenue Growth
Reported revenue was $93.5 million, up 17% from $79.95 million in Q1 2025.
-
EPS Improvement
EPS loss narrowed to -$0.02 compared to -$0.17 in the previous year.
-
Operating Cash Flow
Operating cash flow was -$11.6 million, an increase in cash usage from -$8.0 million in Q1 2025.
-
Strong Customer Growth
Company added 727 customers with >$100k ARR, up 18% YoY, indicating strong demand.
-
Increased R&D Investment
R&D expenses rose 8% YoY to $25.3 million as the company invests in its AI analytics platform.
-
Recovery from Prior Losses in FCF
Free Cash Flow improved to -$13.2 million from -$9.2 million, reflecting increased operational investments.
What to watch
-
Cash Flow Concerns
Operating cash flow was -$11.6 million, indicating higher cash burn compared to the previous year.
-
Increased Operating Expenses
Operating expenses rose 8% to $92.4 million compared to $83.9 million, adding pressure to margins.
-
Dependence on Larger Customers
Revenue heavily reliant on recurring income from larger customers may heighten risk amid economic fluctuations.
Management's outlook
Management anticipates continued revenue growth in Q2 2026 but did not provide specific guidance.
Earlier filings 4
10-Q · November 6, 2025
Amplitude reported Q3 revenue of $88,564,000, up from $75,217,000 in Q3 2024, maintaining a gross margin of ~74.0% but registering an operating margin of -29.0% and GAAP loss per share of $(0.18). Cash and cash…
10-Q · August 7, 2025
Amplitude reported Q2 revenue of $83.27M, up 13.6% year-over-year, with gross margin of 72.6% and operating margin of -32.5%. GAAP net loss per share was $(0.19), essentially unchanged vs. Q2 2024, while deferred…
10-Q · May 7, 2025
Amplitude reported quarterly revenue of $79,953,000, up $7,329,000 (10.1%) versus $72,624,000 a year ago, while gross margin remained stable at 74.7%. The company remains unprofitable with a net loss of $22,231,000…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.