AMPL Technology

Amplitude, Inc.

$16.84+0.30%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Technology
Industry: Software - Application
Country: United States
Market cap: 2.2B USD
Enterprise value: 2.0B USD
Full-time employees: 795

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.50 vs a peer median of 0.87) and less short-term liquidity (current ratio 1.05 vs a peer median of 1.83)higher risk: bigger price swings (beta 1.50 vs peers 0.87) and less liquidity (current ratio 1.05 vs peers 1.83)
About average: growth

Ranks #1,402 of 1,612 technology companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $280M vs $31M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Amplitude recorded $280M of stock-based pay expense and spent $31M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Amplitude recorded $280M of stock-based pay expense and spent $31M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Stock-based pay is a large cost. Stock pay was 27% of revenue in 2025.
Amplitude paid employees $92M in stock in 2025, 27% of its $343M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Amplitude reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $102M in 2020 to $343M in 2025.
Amplitude's fiscal-year revenue rose in each of the five years to 2025, from $102M to $343M.

StockQuotient Score

28/ 100

Oct 5 28 → Nov 4 28

Valuation

Is the price right?

17/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-4.6%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield-4.8%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.17Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield1.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.51Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield6.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

58/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 4.9%

Why

Mixed versus peers:

▲ 3-yr revenue
▲ Revenue growth
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.13Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth12.8%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 1.00Sector median: 0.0483 · MAD: 0.0793

Revenue growth18.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.96Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

4/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-27.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -4.81Sector median: 0.0631 · MAD: 0.0710

Return on assets-27.9%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.92Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-131.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -4.27Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin72.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-73.1%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.50

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.70Sector median: 0.8710 · MAD: 0.3700

Current ratio1.05×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.14Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.07×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.79Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Amplitude

Is Amplitude getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 28/100 since Oct 28, 2026.
How is Amplitude valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 1,711 technology peers. Earnings yield -4.6% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -4.6% vs peers 2.2% (weaker than 100% of peers).
Is Amplitude growing?: At about the same pace as its peers. Growth scores 58/100 against 1,711 technology peers. 3-year revenue growth 12.8% vs a peer median of 4.8% (stronger than 74% of peers).3-year revenue growth 12.8% vs peers 4.8% (stronger than 74% of peers).
How profitable is Amplitude?: Less profitable than most of its peers. Profitability scores 4/100 against 1,711 technology peers. Return on assets -27.9% vs a peer median of 2.9% (weaker than 100% of peers).Return on assets -27.9% vs peers 2.9% (weaker than 100% of peers).
How risky is Amplitude?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.07× vs a peer median of 0.25× (stronger than 72% of peers).Debt / equity 0.07× vs peers 0.25× (stronger than 72% of peers). Current ratio 1.05× vs a peer median of 1.83× (weaker than 87% of peers).Current ratio 1.05× vs peers 1.83× (weaker than 87% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Amplitude is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	356.8M USD	374.4M USD	+4.9%
Net income (12 months)	−89.6M USD	−99.5M USD	+11.1%
Operating margin	-26.9%	-27.8%	−0.9 pts
Free cash flow (12 months)	24.6M USD	29.4M USD	+19.6%
Cash	86.6M USD	73.8M USD	−14.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Application · 81 companies

Valuations in Software - Application are near the bottom of their range since 2016.

6% of months since 2016 were valued lower than now.
8% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −16% and earnings +31% (medians): earnings grew faster than prices.
Median price-to-sales is +85% vs the whole market, against a usual +235%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	69.1%	70.4%	74.0%	74.3%	74.0%	▼ 0.3 pts
Operating margin	-44.3%	-40.6%	-37.1%	-35.9%	-28.0%	▲ 7.9 pts
Net margin	-44.8%	-39.2%	-32.7%	-31.5%	-25.8%	▲ 5.7 pts
Return on assets (ROA)	-18.7%	-22.6%	-20.8%	-21.2%	-21.0%	▲ 0.1 pts
Return on equity (ROE)	-24.5%	-31.7%	-30.7%	-31.8%	-36.1%	▼ 4.3 pts
Free cash flow margin	-19.9%	-3.8%	8.8%	5.6%	8.2%	▲ 2.6 pts
Current ratio	3.92×	2.61×	2.87×	2.10×	1.56×	▼ 26%

AMPL price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.50 vs a peer median of 0.87) and less short-term liquidity (current ratio 1.05 vs a peer median of 1.83)higher risk: bigger price swings (beta 1.50 vs peers 0.87) and less liquidity (current ratio 1.05 vs peers 1.83)

About average: growth

Ranks #1,402 of 1,612 technology companies (bottom 14%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $280M vs $31M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years Amplitude recorded $280M of stock-based pay expense and spent $31M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Amplitude recorded $280M of stock-based pay expense and spent $31M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Stock-based pay is a large cost. Stock pay was 27% of revenue in 2025.

Amplitude paid employees $92M in stock in 2025, 27% of its $343M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Amplitude reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $102M in 2020 to $343M in 2025.

Amplitude's fiscal-year revenue rose in each of the five years to 2025, from $102M to $343M.

Questions investors ask about Amplitude

Is Amplitude getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is unchanged at 28/100 since Oct 28, 2026.

How is Amplitude valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 1,711 technology peers. Earnings yield -4.6% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -4.6% vs peers 2.2% (weaker than 100% of peers).

Is Amplitude growing?

At about the same pace as its peers. Growth scores 58/100 against 1,711 technology peers. 3-year revenue growth 12.8% vs a peer median of 4.8% (stronger than 74% of peers).3-year revenue growth 12.8% vs peers 4.8% (stronger than 74% of peers).

How profitable is Amplitude?

Less profitable than most of its peers. Profitability scores 4/100 against 1,711 technology peers. Return on assets -27.9% vs a peer median of 2.9% (weaker than 100% of peers).Return on assets -27.9% vs peers 2.9% (weaker than 100% of peers).

How risky is Amplitude?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.07× vs a peer median of 0.25× (stronger than 72% of peers).Debt / equity 0.07× vs peers 0.25× (stronger than 72% of peers). Current ratio 1.05× vs a peer median of 1.83× (weaker than 87% of peers).Current ratio 1.05× vs peers 1.83× (weaker than 87% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

356.8M USD

374.4M USD

+4.9%

Net income (12 months)

−89.6M USD

−99.5M USD

+11.1%

Operating margin

-26.9%

-27.8%

−0.9 pts

Free cash flow (12 months)

24.6M USD

29.4M USD

+19.6%

Cash

86.6M USD

73.8M USD

−14.8%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

69.1%

70.4%

74.0%

74.3%

74.0%

▼ 0.3 pts

Operating margin

-44.3%

-40.6%

-37.1%

-35.9%

-28.0%

▲ 7.9 pts

Net margin

-44.8%

-39.2%

-32.7%

-31.5%

-25.8%

▲ 5.7 pts

Return on assets (ROA)

-18.7%

-22.6%

-20.8%

-21.2%

-21.0%

▲ 0.1 pts

Return on equity (ROE)

-24.5%

-31.7%

-30.7%

-31.8%

-36.1%

▼ 4.3 pts

Free cash flow margin

-19.9%

-3.8%

8.8%

5.6%

8.2%

▲ 2.6 pts

Current ratio

3.92×

2.61×

2.87×

2.10×

1.56×

▼ 26%