Amplitude(AMPL) - 2024 Q4 - Annual Results

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]