Amplitude(US:AMPL)2025-08-06 20:09Amplitude Second Quarter 2025 Financial Results Q2 2025 Financial and Business Highlights Amplitude achieved its highest net-new ARR in nearly three years, with double-digit revenue and ARR growth, alongside significant improvements in cash flow and operational recognition Q2 2025 Financial Highlights | Financial Metric | Q2 2025 | Q2 2024 | Y/Y Change | | :--- | :--- | :--- | :--- | | Annual Recurring Revenue ($M) | $335M | $290M | 16% | | Revenue ($M) | $83.3M | $73.3M | 14% | | GAAP Loss from Operations ($M) | $(27.1)M | $(27.2)M | +$0.1M | | Non-GAAP Income (Loss) from Operations ($M) | $(1.5)M | $(3.7)M | +$2.2M | | GAAP Net Loss Per Share ($) | $(0.19) | $(0.19) | $0.00 | | Non-GAAP Net Income Per Share ($) | $0.01 | $(0.00) | +$0.01 | | Net Cash Provided by Operating Activities ($M) | $20.1M | $9.2M | +$10.9M | | Free Cash Flow ($M) | $18.2M | $6.8M | +$11.4M | - The company delivered its highest net-new ARR in nearly three years, reflecting a deliberate focus on enterprise and platform expansion3 - Remaining performance obligations (RPO) grew to $358.1 million, up 31% year-over-year, indicating strong future revenue visibility5 - Amplitude was recognized as a Leader in The Forrester Wave™ for Digital Analytics Solutions and ranked 1 in Product Analytics by G2 for the 20th consecutive quarter6 - The company announced the beta launch of Amplitude AI Agents, designed to automate product management tasks, and welcomed teams from Kraftful, Inari, and June to accelerate AI innovation69 - The number of customers with $100,000 or greater in ARR increased by 16% year-over-year to 6349 Financial Outlook Amplitude projects continued revenue growth and anticipates achieving non-GAAP profitability for Q3 and full year 2025 Financial Guidance | Metric | Third Quarter 2025 Guidance | Full Year 2025 Guidance | | :--- | :--- | :--- | | Revenue ($M) | $85.0M - $87.0M | $335.2M - $338.2M | | Non-GAAP Operating Income (Loss) ($M) | $(2.0)M - $1.0M | $(2.0)M - $3.0M | | Non-GAAP Net Income (Loss) Per Share ($) | $(0.00) - $0.02 | $0.04 - $0.08 | - An outlook for GAAP measures was not provided because certain items, such as stock-based compensation expense and amortization of acquired intangible assets, cannot be reasonably predicted without unreasonable efforts7 Detailed Financial Statements This section provides a comprehensive view of Amplitude's financial position, performance, and cash flows, highlighting asset growth and improved operating cash Condensed Consolidated Balance Sheets Total assets increased to $456.6 million by June 30, 2025, driven by marketable securities, while liabilities rose due to deferred revenue Balance Sheet Summary | Balance Sheet Item | June 30, 2025 (in thousands $) | December 31, 2024 (in thousands $) | | :--- | :--- | :--- | | Total current assets | $286,792 | $303,631 | | Total assets | $456,610 | $445,911 | | Total current liabilities | $171,476 | $144,513 | | Total liabilities | $177,106 | $149,355 | | Total stockholders' equity | $279,504 | $296,556 | Condensed Consolidated Statements of Operations Q2 2025 revenue grew 14% to $83.3 million, but increased operating expenses resulted in a GAAP operating loss of $(27.1) million Income Statement Summary (Q2) | Income Statement Item (Q2) | 2025 (in thousands $) | 2024 (in thousands $) | | :--- | :--- | :--- | | Revenue | $83,270 | $73,300 | | Gross Profit | $60,458 | $53,815 | | Total Operating Expenses | $87,552 | $80,975 | | Loss from Operations | $(27,094) | $(27,160) | | Net Loss | $(24,668) | $(23,415) | | Net Loss Per Share (Basic & Diluted) | $(0.19) | $(0.19) | - Stock-based compensation expense for Q2 2025 was $24.5 million, a significant non-cash expense contributing to the GAAP net loss23 Condensed Consolidated Statements of Cash Flows Net cash from operating activities significantly increased to $20.1 million in Q2 2025, driven by non-cash adjustments and working capital changes Cash Flow Summary (Q2) | Cash Flow Item (Q2) | 2025 (in thousands $) | 2024 (in thousands $) | | :--- | :--- | :--- | | Net cash provided by operating activities | $20,054 | $9,228 | | Net cash provided by (used in) investing activities | $(18,606) | $12,613 | | Net cash provided by (used in) financing activities | $(12,962) | $(5,204) | | Net (decrease) increase in cash | $(11,514) | $16,637 | Supplementary Information This section provides GAAP to non-GAAP reconciliations and historical key business metrics, showing positive momentum in ARR and NRR Reconciliation of GAAP to Non-GAAP Data Reconciliations detail adjustments, primarily $25.3 million for stock-based compensation, converting GAAP losses to non-GAAP operating loss of $(1.5) million and net income of $1.0 million Reconciliation of Operating Loss (Q2 2025) | Reconciliation of Operating Loss (Q2 2025, in thousands $) | Amount (in thousands $) | | :--- | :--- | | GAAP loss from operations | $(27,094) | | Plus: Stock-based compensation expense | $25,307 | | Plus: Amortization of acquired intangible assets | $312 | | Non-GAAP income (loss) from operations | $(1,475) | Reconciliation of Free Cash Flow (Q2 2025) | Reconciliation of Free Cash Flow (Q2 2025, in thousands $) | Amount (in thousands $) | | :--- | :--- | | Net cash provided by operating activities | $20,054 | | Less: Purchases of property and equipment | $(538) | | Less: Capitalization of internal-use software costs | $(1,348) | | Free cash flow | $18,168 | Historical Key Business Metrics Key business metrics show consistent growth, with ARR reaching $335 million and NRR recovering to 104% in Q2 2025 Annual Recurring Revenue (ARR) | Quarter Ended | Annual Recurring Revenue (ARR) ($M) | | :--- | :--- | | Mar 31, 2024 | $285 | | Jun 30, 2024 | $290 | | Sep 30, 2024 | $298 | | Dec 31, 2024 | $312 | | Mar 31, 2025 | $320 | | Jun 30, 2025 | $335 | Dollar-based Net Retention Rate (NRR) | Quarter Ended | Dollar-based Net Retention Rate (NRR) (%) | | :--- | :--- | | Mar 31, 2024 | 97% | | Jun 30, 2024 | 96% | | Sep 30, 2024 | 98% | | Dec 31, 2024 | 100% | | Mar 31, 2025 | 101% | | Jun 30, 2025 | 104% |