UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-40817 AMPLITUDE, INC. (Exact name of Registrant as specified in its Charter) (State or other jurisdiction of incorporation or organiz ...

Piper Sandler analyst Brent A. Bracelin reiterated the Overweight rating on Amplitude, Inc. AMPL, raising the price forecast to $17 from $15.The analyst has raised the price forecast, recommending it for small-cap growth investors due to leadership improvements, a new self-serve product driving strong growth, a promising new product cycle, and potential for cross-selling Command AI.The company reported fourth-quarter results, where revenues increased 9% year over year.Bracelin notes that while large deal co ...

Amplitude (AMPL) Q4 2024 Earnings Call February 20, 2025 03:53 AM ET Company Participants John Streppa - Head Of Investor RelationsSpenser Skates - Chief Executive Officer & Co-FounderAndrew Casey - Chief Financial OfficerKyle Manning - Investment Banking AssociateNick Altmann - Director - U.S. Software Equity ResearchAshley Kim - AVP - Senior Equity Research Associate Conference Call Participants Koji Ikeda - AnalystTaylor McGinnis - AnalystArjun Bhatia - Partner, Co-Head Tech Equity Research, Software Ana ...

Amplitude, Inc. (NASDAQ:AMPL) Q4 2024 Earnings Conference Call February 19, 2025 5:00 PM ET Company Participants John Streppa - Head, Investor Relations Spenser Skates - Chief Executive Officer & Co-Founder Andrew Casey - Chief Financial Officer Conference Call Participants Brent Bracelin - Piper Sandler Koji Ikeda - Bank of America Clark Wright - DA Davidson Kyle Diehl - KeyBanc Nick Altmann - Scotiabank Taylor McGinnis - UBS Ashley Kim - Citi Arjun Bhatia - William Blair Rob Oliver - Baird Elizabeth Porte ...

Revenue and Growth - Annual Recurring Revenue (ARR) reached $312 million, an increase of 11% year-over-year[4] - Fourth quarter revenue was $78.1 million, up 9% year-over-year[4] - Revenue for Q4 2024 was $78,131,000, representing a 9.6% increase from $71,403,000 in Q4 2023[24] - For Q1 2025, revenue is expected to be between $78.5 million and $80.5 million[7] - For the full year 2025, revenue guidance is set between $324.8 million and $330.8 million[7] - The number of customers with over $100,000 in ARR increased to 591, representing a 16% year-over-year growth[6] - Annual Recurring Revenue (ARR) increased to $312 million by December 31, 2024, up from $281 million in December 2023, marking a growth of 11.0%[31] Profitability and Loss - GAAP net loss per share was $(0.26), compared to $(0.16) in the fourth quarter of 2023[6] - Non-GAAP net income per share was $0.02, down from $0.04 in the fourth quarter of 2023[6] - Net loss for Q4 2024 was $32,590,000, compared to a net loss of $18,543,000 in Q4 2023, marking an increase in loss of 75.8%[24] - GAAP net loss for Q4 2024 was $32,590 million, compared to a loss of $18,543 million in Q4 2023, indicating a deterioration in profitability[28] - Non-GAAP net income for the year ended December 31, 2024, was $8,489 million, up from $7,956 million in 2023, showing a growth of 6.7%[28] Cash Flow and Financial Position - Cash flow from operations was $3.2 million, a $0.9 million increase year-over-year[6] - Free cash flow remained stable at $1.5 million year-over-year[6] - Cash and cash equivalents decreased to $171,678,000 as of December 31, 2024, down from $248,491,000 at the end of 2023, a decline of 30.8%[22] - Free cash flow for Q4 2024 was $1,527 million, slightly higher than $1,482 million in Q4 2023, with a free cash flow margin of 2.0%[29] Expenses and Investments - Operating expenses increased to $93,830,000 in Q4 2024, compared to $74,675,000 in Q4 2023, reflecting a rise of 25.6%[24] - Research and development expenses surged to $34,430,000 in Q4 2024, compared to $22,198,000 in Q4 2023, a significant increase of 55.0%[24] - The company reported stock-based compensation expense of $35,105,000 in Q4 2024, up from $23,280,000 in Q4 2023, reflecting an increase of 50.7%[24] Deferred Revenue and Performance Obligations - Remaining performance obligations totaled $308.6 million, reflecting a 29% year-over-year increase[4] - Deferred revenue rose to $109,671,000 in Q4 2024, up from $102,573,000 in Q4 2023, an increase of 6.8%[24] Assets and Equity - Total assets increased to $445,911,000 in 2024, compared to $433,684,000 in 2023, showing a growth of 2.6%[22] - The total stockholders' equity increased slightly to $296,556,000 in 2024 from $294,753,000 in 2023, a growth of 0.6%[22] Margins and Retention - GAAP operating margin for Q4 2024 was -45.4%, worsening from -30.2% in Q4 2023, reflecting increased operational challenges[28] - Non-GAAP operating margin for Q4 2024 was 0.3%, down from 3.2% in Q4 2023, suggesting a decline in operational efficiency[28] - Dollar-based Net Retention Rate (NRR) for Q4 2024 improved to 100%, compared to 98% in Q4 2023, indicating strong customer retention[31] Gross Profit - Gross profit for the year ended December 31, 2024, was $222,348,000, up from $204,361,000 in 2023, indicating an increase of 8.5%[24] - GAAP gross profit for Q4 2024 was $58,325 million, up from $53,138 million in Q4 2023, representing a growth of 4.5%[28] - Non-GAAP gross profit for the year ended December 31, 2024, reached $229,310 million, compared to $212,899 million in 2023, reflecting an increase of 7.7%[28]

Amplitude, Inc. (AMPL) shares ended the last trading session 10.7% higher at $12.51. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.3% gain over the past four weeks.The stock is benefiting from the company’s continuous product innovation, which drives long-term value. Its evolving platform, catering to more users and workflows, has strengthened investor confidence.This company is expected to post quarterly earni ...

Portfolio Strategy - The portfolio strategy focuses on rotating more investments towards value-oriented growth stocks that are less susceptible to broader market corrections [1] Industry Expertise - The analyst has extensive experience covering technology companies on Wall Street and working in Silicon Valley, providing deep insights into industry trends [1] - The analyst serves as an outside adviser to several seed-round startups, offering exposure to emerging themes shaping the industry [1] Media Presence - The analyst has been a regular contributor on Seeking Alpha since 2017, with articles syndicated to company pages in popular trading apps like Robinhood [1] - The analyst has been quoted in many web publications, indicating a strong media presence and influence [1]

Tech stocks saw a boom year in 2021 as they soared through the tail end of the pandemic. But tech stocks that went public during that year got stuck between a bull and bear market.Amplitude (AMPL -1.76%) is one such example. The software-as-a-service stock, which specializes in digital analytics and digital product optimization, went public in September 2021. The stock initially soared out of the gate on the broader enthusiasm for the software sector and the company's strong growth at the time of its market ...

Financial Data and Key Metrics Changes - Q3 revenue was $75.2 million, up 6% year-over-year and 3% quarter-over-quarter [4][41] - Annual recurring revenue (ARR) increased to $298 million, up $8 million from the end of Q2, representing a 9% year-over-year growth [4][41] - Non-GAAP operating income was $1.6 million, or 2.1% of revenue, reflecting a 2 percentage-point decline year-over-year [5][46] - Gross margin was 77%, down 2 percentage points year-over-year but up 1 percentage point quarter-over-quarter [43] - Free cash flow was positive $4.5 million, or 6% of revenue, compared to $7.5 million, or 11% of revenue, a year ago [46] Business Line Data and Key Metrics Changes - The number of customers representing $100,000 or more of ARR grew to 567, an increase of 13% year-over-year [5][42] - Cohort health continues to improve, with newer customer cohorts showing healthier gross and net retention patterns [9][10] - 23% of annual contracted customers use more than one product, indicating a strong competitive position against point solutions [6][8] Market Data and Key Metrics Changes - The macro environment remains challenging, with buyer scrutiny high, especially for larger deals [10][48] - Digital natives are on the defense, while M&A and layoffs are impacting end-user demand unpredictably [10] Company Strategy and Development Direction - The company is focused on product innovation and expanding its enterprise customer base, with a particular emphasis on automated insights and actions [15][16][17] - The acquisition of Command AI is aimed at enhancing product capabilities and addressing customer demands for integrated solutions [19][91] - The company aims to drive consolidation in the market, particularly against legacy players like Google Analytics, which are facing customer dissatisfaction [6][81] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to drive long-term growth despite current macroeconomic challenges [48][52] - The company plans to reinvest in product innovation and maintain a disciplined approach to capital allocation [49][38] - For Q4 2024, revenue is expected to be between $76 million and $77 million, representing an annual growth rate of 7% at the midpoint [51] Other Important Information - The company hired Wade Chambers as Chief Engineering Officer to enhance its engineering capabilities [11][12] - The launch of Web Experimentation aims to simplify A/B testing for users without engineering resources [22] Q&A Session Summary Question: How does Amplitude plan to capture interactions with AI agents? - Management indicated that capturing touchpoints between human and digital interactions remains crucial, and the company has a large repository of customer behavior data to leverage [55][57][58] Question: What areas are seeing room for incremental investments? - Management highlighted that the Command AI acquisition is driving changes in operating income guidance, with a focus on product innovation and enterprise success [60][62] Question: Can you discuss the overlap with Command AI and potential revenue uplift? - Management noted that while there was little revenue overlap, the integration of Command AI could potentially provide a 20% to 50% uplift in customer spending [64][68] Question: How are contract renewals performing? - Management stated that renewal rates are not satisfactory and emphasized the need for improvement as they transition focus to enterprise clients [85] Question: What is the outlook for long-term RPO growth? - Management attributed the 49% year-over-year growth in long-term RPO to stronger relationships with enterprise clients and aligning contracts with their value perception [96][97]

Amplitude, Inc. (AMPL) reported $75.22 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.5%. EPS of $0.03 for the same period compares to $0.05 a year ago. ...