AMPX Industrials

Amprius Technologies, Inc.

$8.83+5.37%

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

Basics

Sector: Industrials
Industry: Electrical Equipment & Parts
Country: United States
Market cap: 1.3B USD
Enterprise value: 1.2B USD
Full-time employees: 97

Overall health

Strength: growing faster than most peersgrowing faster than peers
Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity
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: its share price swings more than most peers’ (beta 2.35 vs a peer median of 0.64)bigger price swings (beta 2.35 vs peers 0.64)

Ranks #1,308 of 2,308 industrials companies (bottom 44%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 73% from December 2022 to July 2026.
Amprius Technologies had 73% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Amprius Technologies had 73% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Stock-based pay is a large cost. Stock pay was 10% of revenue in 2025.
Amprius Technologies paid employees $7M in stock in 2025, 10% of its $73M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Operating margin improving. Operating margin -64% in 2025, the best of the last 5 years, but the dollar loss grew to $47M from $46M.
Amprius Technologies still lost money on operations in 2025. Revenue grew faster than costs, so the margin (-64%) was its best in the 5 years of filings we have, but the operating loss itself grew to $47M from $46M.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -38%).

StockQuotient Score

48/ 100

Oct 5 48 → Nov 4 48

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 3.1% (existing holders diluted)

Valuation 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-2.8%

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 -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield-1.2%

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 -1.64Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-4.5%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield9.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

95/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 21.0%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue 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

Still loss-making, but the loss per share narrowed33% base weight · Z-score 0.28Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth203.2%

SEC filings · 3 years to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.72Sector median: 0.0421 · MAD: 0.0625

Revenue growth143.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.55Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

0/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 10.7 points to -37.7%

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA
▼ ROIC

Compare with peers

Behind the score

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

Operating margin-37.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -5.28Sector median: 0.0773 · MAD: 0.0507

Return on assets-24.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.56Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-63.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin22.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-29.0%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

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

Beta2.35

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.49Sector median: 0.6440 · MAD: 0.2745

Current ratio7.17×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 6.75Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.05×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 1.04Sector median: 0.4019 · MAD: 0.3378

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 Amprius Technologies

Is Amprius Technologies getting weaker?: Its latest SEC filing (Aug 6, 2026) was mixed: some things better, some worse: operating margin rose 10.7 points to -37.7%; share count up 3.1%. Its overall score is unchanged at 48/100 since Oct 28, 2026.
How is Amprius Technologies valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -2.8% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -2.8% vs peers 3.8% (weaker than 100% of peers).
Is Amprius Technologies growing?: Yes, faster than most of its peers. Growth scores 95/100 against 2,459 industrials peers. 3-year revenue growth 203.2% vs a peer median of 4.2% (stronger than 95% of peers).3-year revenue growth 203.2% vs peers 4.2% (stronger than 95% of peers).
How profitable is Amprius Technologies?: Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -37.7% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -37.7% vs peers 7.7% (weaker than 100% of peers).
How risky is Amprius Technologies?: Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 7.17× vs a peer median of 1.62× (stronger than 95% of peers).Current ratio 7.17× vs peers 1.62× (stronger than 95% of peers). Beta 2.35 vs a peer median of 0.64 (weaker than 100% of peers).Beta 2.35 vs peers 0.64 (weaker than 100% 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

Mixed: some things better, some worse

Operating margin rose 10.7 points to -37.7%
Share count up 3.1% (existing holders diluted)

Worth watching: Amprius Technologies 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)	90.3M USD	109.2M USD	+21.0%
Net income (12 months)	−39.7M USD	−36.5M USD	−8.1%
Operating margin	-48.4%	-37.7%	+10.7 pts
Free cash flow (12 months)	−58.8M USD	−58.4M USD	−0.5%
Cash	62.4M USD	74.5M USD	+19.5%
Shares outstanding	141.6M	146.1M	+3.1%

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

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Electrical Equipment & Parts companies have a long enough history of their own.

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	-156.2%	-128.2%	-162.1%	-75.8%	11.3%	▲ 87 pts
Operating margin	-383.2%	-409.2%	-427.6%	-191.4%	-63.9%	▲ 128 pts
Net margin	-357.0%	-393.1%	-406.2%	-184.8%	-60.3%	▲ 125 pts
Return on assets (ROA)	-53.4%	-20.8%	-34.1%	-36.9%	-28.1%	▲ 8.8 pts
Return on equity (ROE)	-71.4%	-23.7%	-61.5%	-64.3%	-42.4%	▲ 22 pts
Free cash flow margin	-311.1%	-348.4%	-476.1%	-151.3%	-48.7%	▲ 103 pts
Current ratio	3.40×	10.87×	3.75×	4.00×	7.08×	▲ 77%
Quick ratio	3.28×	10.80×	3.70×	3.61×	6.70×	▲ 85%

AMPX price history

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

Similar companies

Sector leaderboards

One and one Green Technologies. IncYDDL95/ 100

Prored Partners CO.,LTD.7034.T94/ 100

Promotora y Operadora de Infraestructura, S. A. B. de C. V.PINFRA.MX93/ 100

Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Strength: lower risk than most peers: more short-term liquidity and less debt relative to equitylower risk: more liquidity and less debt vs equity

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: its share price swings more than most peers’ (beta 2.35 vs a peer median of 0.64)bigger price swings (beta 2.35 vs peers 0.64)

Ranks #1,308 of 2,308 industrials companies (bottom 44%)

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 73% from December 2022 to July 2026.

Amprius Technologies had 73% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Amprius Technologies had 73% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Stock-based pay is a large cost. Stock pay was 10% of revenue in 2025.

Amprius Technologies paid employees $7M in stock in 2025, 10% of its $73M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Operating margin improving. Operating margin -64% in 2025, the best of the last 5 years, but the dollar loss grew to $47M from $46M.

Amprius Technologies still lost money on operations in 2025. Revenue grew faster than costs, so the margin (-64%) was its best in the 5 years of filings we have, but the operating loss itself grew to $47M from $46M.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -38%).

Questions investors ask about Amprius Technologies

Is Amprius Technologies getting weaker?

Its latest SEC filing (Aug 6, 2026) was mixed: some things better, some worse: operating margin rose 10.7 points to -37.7%; share count up 3.1%. Its overall score is unchanged at 48/100 since Oct 28, 2026.

How is Amprius Technologies valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -2.8% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -2.8% vs peers 3.8% (weaker than 100% of peers).

Is Amprius Technologies growing?

Yes, faster than most of its peers. Growth scores 95/100 against 2,459 industrials peers. 3-year revenue growth 203.2% vs a peer median of 4.2% (stronger than 95% of peers).3-year revenue growth 203.2% vs peers 4.2% (stronger than 95% of peers).

How profitable is Amprius Technologies?

Less profitable than most of its peers. Profitability scores 0/100 against 2,459 industrials peers. Operating margin -37.7% vs a peer median of 7.7% (weaker than 100% of peers).Operating margin -37.7% vs peers 7.7% (weaker than 100% of peers).

How risky is Amprius Technologies?

Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 7.17× vs a peer median of 1.62× (stronger than 95% of peers).Current ratio 7.17× vs peers 1.62× (stronger than 95% of peers). Beta 2.35 vs a peer median of 0.64 (weaker than 100% of peers).Beta 2.35 vs peers 0.64 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

90.3M USD

109.2M USD

+21.0%

Net income (12 months)

−39.7M USD

−36.5M USD

−8.1%

Operating margin

-48.4%

-37.7%

+10.7 pts

Free cash flow (12 months)

−58.8M USD

−58.4M USD

−0.5%

Cash

62.4M USD

74.5M USD

+19.5%

Shares outstanding

141.6M

146.1M

+3.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

-156.2%

-128.2%

-162.1%

-75.8%

11.3%

▲ 87 pts

Operating margin

-383.2%

-409.2%

-427.6%

-191.4%

-63.9%

▲ 128 pts

Net margin

-357.0%

-393.1%

-406.2%

-184.8%

-60.3%

▲ 125 pts

Return on assets (ROA)

-53.4%

-20.8%

-34.1%

-36.9%

-28.1%

▲ 8.8 pts

Return on equity (ROE)

-71.4%

-23.7%

-61.5%

-64.3%

-42.4%

▲ 22 pts

Free cash flow margin

-311.1%

-348.4%

-476.1%

-151.3%

-48.7%

▲ 103 pts

Current ratio

3.40×

10.87×

3.75×

4.00×

7.08×

▲ 77%

Quick ratio

3.28×

10.80×

3.70×

3.61×

6.70×

▲ 85%