Amplitude(AMPL) - 2025 Q1 - Quarterly Report

Financial Performance - Revenue for the three months ended March 31, 2025, was $79,953 thousand, representing a 10.2$72,624 thousand in the same period of 2024[24]. - Gross profit for the same period was $59,749 thousand, up from$53,735 thousand, indicating a gross margin improvement[24]. - Net loss for the three months ended March 31, 2025, was $22,231 thousand, compared to a net loss of$21,460 thousand in the prior year[24]. - The company reported a comprehensive loss of $21,911 thousand for the three months ended March 31, 2025, compared to$21,393 thousand in the same period of 2024[24]. - Consolidated net loss for Q1 2025 was $(22,231,000), compared to$(21,460,000) in Q1 2024, indicating a 3.6% increase in losses[39]. - The company reported a net loss attributable to Class A and Class B common stockholders of $22.231 million for the three months ended March 31, 2025, compared to a net loss of$21.460 million in 2024[95]. - The company reported a loss from operations of $24,198 thousand for the three months ended March 31, 2025, slightly better than the loss of$24,705 thousand in the same period last year[132]. - The net loss for the three months ended March 31, 2025, was $22.231 million, compared to a net loss of$21.460 million in the same period of 2024[146]. Cash Flow and Assets - Cash and cash equivalents decreased to $131,173 thousand as of March 31, 2025, down from$171,678 thousand as of December 31, 2024[22]. - Total current assets decreased to $285,976 thousand from$303,631 thousand, reflecting a decline in cash and accounts receivable[22]. - Cash flows used in operating activities were $(8,022) thousand for the three months ended March 31, 2025, compared to$(48) thousand in the prior year[32]. - Cash and cash equivalents decreased to $131,173,000 as of March 31, 2025, from$265,705,000 as of March 31, 2024, a decline of 50.7%[55]. - As of March 31, 2025, the company had cash and cash equivalents of $131.2 million and marketable securities of$151.9 million[157]. - The net cash used in investing activities for the three months ended March 31, 2025, was $26.4 million, primarily due to$33.7 million in purchases of marketable securities[164]. - The company experienced a net cash used in financing activities of $6.1 million for the three months ended March 31, 2025, mainly due to$7.6 million in net tax remittance on equity awards[166]. Revenue Breakdown - Revenue from the United States for Q1 2025 was $48,634,000, up from$43,243,000 in Q1 2024, a growth of 12.5%[52]. - International revenue for Q1 2025 was $31,319,000, compared to$29,381,000 in Q1 2024, reflecting a 6.6% increase[52]. - Annual Recurring Revenue (ARR) increased to $320 million, representing a 12$285 million[113]. - The company had 617 customers representing over $100,000 in annual recurring revenue (ARR), an 18$83,947 thousand from $78,440 thousand, primarily driven by higher research and development and sales and marketing expenses[24]. - Total remaining performance obligations as of March 31, 2025, were$325,869,000, up from $308,635,000 as of December 31, 2024, marking a 5.6$289,460 thousand as of March 31, 2025, from $296,556 thousand as of December 31, 2024[22]. - The total stock-based compensation expense for the three months ended March 31, 2025, was$20.597 million, slightly down from $21.064 million in the same period of 2024[82]. - Sales and marketing expenses grew by 8$44.146 million, primarily due to increased personnel and related expenses[152]. - General and administrative expenses increased by 11% to $16.268 million, driven by higher consulting fees and subscription software costs[153]. Investments and Future Plans - The company plans to invest significantly in the development of its Digital Analytics Platform, technology infrastructure, and international expansion[187]. - The company is focusing on long-term growth, which may result in lower near-term profitability due to significant expenditures on sales, marketing, and R&D[188]. - The company plans to continue investing in research and development, expecting R&D expenses to increase in dollar amount over time[109]. - The company aims to expand its international presence, which may be affected by global economic and political instability[111]. Risks and Challenges - The company faces risks related to customer retention and expansion, as any decline could materially affect its financial condition and results of operations[190]. - Economic downturns and reduced software spending could limit the company's growth and adversely affect its financial condition[198]. - The company is experiencing increased competition in the digital analytics market, which may lead to pricing pressures and reduced sales[202]. - The market for SaaS applications is highly competitive, with low barriers to entry, making it challenging for the company to maintain market share[203]. - The company is currently defending against multiple legal actions, which may incur significant legal costs and affect management resources[193]. AI Technologies - The company is incorporating AI Technologies into its products, which are expected to help customers achieve data insights faster, but there are risks associated with the development and deployment of these technologies[209]. - The company anticipates increased investment in AI Technologies, with no assurance that such investments will always be beneficial to its products or services[210]. - The development and maintenance of AI Technologies are complex and may involve unforeseen difficulties, including performance problems and undetected defects[211]. - There are risks that AI-generated data may be inaccurate or misleading, which could harm the company's reputation and customer relationships[213]. - The company relies on third-party AI Technologies, and any changes in availability or pricing could negatively impact its solutions and business[216]. - The company faces reputational and financial risks related to the responsible use of AI Technologies, which could affect adoption and lead to legal liabilities[217].