Revenue growth has improved to 16.9% in 2026Q1, though gross margins remain constrained at 73.0% due to high cloud infrastructure costs.
| Sales/Revenue | 356.75M | 343.21M | 299.27M | 276.28M | 238.07M | 167.26M | 102.46M | 68.44M |
| Revenue Growth % | 16.36% | 14.68% | 8.32% | 16.05% | 42.33% | 63.24% | 49.71% | - |
| Cost of Goods Sold | 94.29M | 89.29M | 76.92M | 71.92M | 70.44M | 51.76M | 30.48M | 22.11M |
| COGS % of Revenue | - | 26.01% | 25.7% | 26.03% | 29.59% | 30.95% | 29.75% | 32.3% |
| Gross Profit | 262.46M | 253.93M | 222.35M | 204.36M | 167.63M | 115.5M | 71.98M | 46.34M |
| Gross Margin % | 73.57% | 73.99% | 74.3% | 73.97% | 70.41% | 69.05% | 70.25% | 67.7% |
| Gross Profit Growth % | - | 14.2% | 8.8% | 21.92% | 45.13% | 60.45% | 55.34% | - |
| Operating Expenses | 358.41M | 349.93M | 329.73M | 298.74M | 264.19M | 189.65M | 71.98M | 80.67M |
| OpEx % of Revenue | - | 101.96% | 110.18% | 108.13% | 110.97% | 113.38% | 70.25% | 117.86% |
| Selling, General & Admin | 259.04M | 252.35M | 232.17M | 208.6M | 183.6M | 141.4M | 69.89M | 61.63M |
| SG&A % of Revenue | - | 73.53% | 77.58% | 75.5% | 77.12% | 84.54% | 68.21% | 90.05% |
| Research & Development | 99.37M | 97.58M | 97.56M | 90.14M | 80.59M | 48.25M | 26.1M | 19.04M |
| R&D % of Revenue | - | 28.43% | 32.6% | 32.63% | 33.85% | 28.85% | 25.47% | 27.81% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | -24M | 0 |
| Operating Income | -95.95M | -96M | -107.38M | -94.38M | -96.56M | -74.15M | 0 | -34.33M |
| Operating Margin % | -26.89% | -27.97% | -35.88% | -34.16% | -40.56% | -44.33% | - | -50.16% |
| Operating Income Growth % | - | 10.6% | -13.78% | 2.26% | -30.23% | - | 100% | - |
| EBITDA | -88.63M | -86.4M | -101.28M | -88.76M | -91.9M | -71.06M | -22.31M | -33.61M |
| EBITDA Margin % | -24.84% | -25.17% | -33.84% | -32.13% | -38.6% | -42.48% | -21.78% | -49.11% |
| EBITDA Growth % | 11.31% | 14.69% | -14.1% | 3.42% | -29.33% | -218.45% | 33.61% | - |
| D&A (Non-Cash Add-back) | 7.32M | 9.61M | 6.11M | 5.62M | 4.66M | 3.09M | 1.69M | 720K |
| EBIT | -91M | -85.33M | -107.38M | -94.38M | -96.56M | -74.15M | -24M | -34.33M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 9.88M | 10.67M | 14.86M | 5.28M | 3.98M | 195K | -23.73M | 1.46M |
| Pretax Income | -86.06M | -85.33M | -92.53M | -89.09M | -92.58M | -73.95M | -23.73M | -32.87M |
| Pretax Margin % | -24.12% | -24.86% | -30.92% | -32.25% | -38.89% | -44.21% | -23.16% | -48.03% |
| Income Tax | 3.52M | 3.21M | 1.79M | 1.27M | 796K | 1.03M | 833K | 663K |
| Effective Tax Rate % | -4.09% | -3.76% | -1.94% | -1.42% | -0.86% | -1.39% | -3.51% | -2.02% |
| Net Income | -89.58M | -88.54M | -94.32M | -90.36M | -93.38M | -74.98M | -24.57M | -33.53M |
| Net Margin % | -25.11% | -25.8% | -31.52% | -32.71% | -39.22% | -44.83% | -23.98% | -49% |
| Net Income Growth % | 5.79% | 6.13% | -4.38% | 3.23% | -24.53% | -205.22% | 26.74% | - |
| Net Income (Continuing) | -89.58M | -88.54M | -94.32M | -90.36M | -93.38M | -74.98M | -24.57M | -33.53M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.67 | -0.67 | -0.76 | -0.77 | -0.84 | -0.68 | -0.24 | -1.37 |
| EPS Growth % | 11.84% | 11.84% | 1.3% | 8.33% | -23.53% | -183.33% | 82.48% | - |
| EPS (Basic) | - | -0.67 | -0.76 | -0.77 | -0.84 | -0.68 | -0.24 | -1.37 |
| Diluted Shares Outstanding | 133.3M | 131.98M | 123.9M | 116.94M | 111.44M | 109.88M | 102.44M | 24.55M |
| Basic Shares Outstanding | 133.3M | 131.98M | 123.9M | 116.94M | 111.44M | 109.88M | 102.44M | 24.55M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Persistent operating losses
According to the latest quarterly income statements, Amplitude's year-over-year revenue growth has accelerated to 16.9% in 2026Q1, marking a notable improvement from the single-digit growth rates observed throughout 2024, suggesting that recent product-led growth initiatives may be gaining traction within the enterprise customer base.
The shift from 9.4% growth in 2024Q4 to 16.9% in the most recent quarter indicates a potential stabilization in demand for digital optimization tools. Investors should monitor whether this acceleration is driven by new logo acquisition or increased event-volume consumption from existing clients, as the latter may be more susceptible to future budget rationalization.
As reported in financial statements, Amplitude maintains a gross margin of 73.0%, which reflects the high underlying cloud infrastructure costs required to support its proprietary behavioral graph architecture, limiting the company's ability to achieve significant margin expansion despite recent improvements in top-line revenue performance.
The stability of gross margins around the 73-75% range suggests that the company has not yet achieved meaningful economies of scale in its data storage and compute operations. This structural ceiling implies that profitability improvements must come from operating leverage rather than gross margin expansion, which remains difficult given the compute-intensive nature of the platform.
Based on the provided income statement data, Amplitude's operating margin of -25.8% in 2026Q1 highlights a persistent inability to scale operating expenses proportionally with revenue, as SG&A and R&D investments continue to consume a significant portion of the company's gross profit generated each quarter.
While revenue is growing, the company's reliance on heavy sales and marketing spend to drive that growth prevents a clear path to operating profitability. The lack of a consistent trend toward positive operating income suggests that the current business model requires substantial capital reinvestment, which may be unsustainable without a shift toward more efficient customer acquisition.
Analysis of the income statement reveals that Amplitude's net losses are significantly impacted by stock-based compensation, which reached $21.9M in 2025Q4, indicating that the reported GAAP net income figures may not fully capture the underlying cash burn associated with the company's current compensation structure.
The gap between GAAP net income and actual cash flow is exacerbated by these non-cash charges, which effectively dilute shareholders while masking the true cost of talent acquisition. Investors should be cautious of relying on GAAP metrics alone, as the persistent reliance on equity-based incentives suggests that the company's path to cash-flow breakeven is longer than the headline income statement might imply.
Quick answers to the most common questions about buying AMPL stock.
For fiscal year 2025, Amplitude, Inc. (AMPL) reported total revenue of $343.2M. This represents a 401.5% increase compared to $68.4M in 2019.
Amplitude, Inc. (AMPL) reported a net loss of $88.5M for the fiscal year ending 2025.
Amplitude, Inc. (AMPL) reported an operating income of $-96.0M, resulting in an operating profit margin of -28.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Amplitude, Inc. (AMPL) generated $253.9M in gross profit for the year, representing a gross profit margin of 74.0%. This demonstrates the company's core pricing power and production efficiency.