Amplitude(US:AMPL)2025-11-05 21:10Financial Performance - Annual Recurring Revenue (ARR) reached $347 million, representing a 16% year-over-year increase[5] - Revenue for the third quarter was $88.6 million, an 18% increase compared to $75.2 million in the same quarter of 2024[3] - Remaining performance obligations totaled $391.9 million, up 37% year-over-year[5] - Revenue for the three months ended September 30, 2025, was $88,564,000, representing a 17.5% increase from $75,217,000 in the same period of 2024[24] - Gross profit for the three months ended September 30, 2025, was $65,490,000, up from $56,473,000 in the prior year, indicating a gross margin improvement[24] - Total operating expenses for the three months ended September 30, 2025, were $91,140,000, compared to $76,486,000 in 2024, reflecting a 19.2% increase[24] - GAAP gross profit for Q3 2025 was $65.49 million, up from $56.47 million in Q3 2024, representing a 15.4% increase[27] - Non-GAAP gross profit for the nine months ended September 30, 2025, reached $190.58 million, compared to $168.94 million in the same period of 2024, reflecting a 12.8% growth[27] Profitability and Loss - GAAP net loss per share was $(0.18), compared to $(0.14) in the third quarter of 2024[10] - Non-GAAP net income per share was $0.02, down from $0.03 in the same quarter of 2024[10] - Net loss for the three months ended September 30, 2025, was $23,986,000, compared to a net loss of $16,854,000 in the same period of 2024[24] - GAAP net loss for Q3 2025 was $23.99 million, compared to a net loss of $16.85 million in Q3 2024, indicating a 42.0% increase in losses year-over-year[27] - Free cash flow for Q3 2025 was $3.35 million, down from $4.50 million in Q3 2024, representing a 25.6% decrease[28] Cash Flow and Assets - Cash flow from operations was $5.0 million, a decrease of $1.2 million year-over-year[10] - Free cash flow was $3.4 million, down $1.1 million compared to the previous year[10] - Cash, cash equivalents, and restricted cash at the end of the period was $83,108,000, down from $318,326,000 at the end of September 30, 2024[25] - Total current assets decreased to $265,777,000 as of September 30, 2025, from $303,631,000 as of December 31, 2024[23] Future Outlook - For Q4 2025, the company expects revenue between $89.0 million and $91.0 million[7] - The full year 2025 revenue outlook is projected to be between $340.8 million and $342.8 million[7] Customer Metrics - The number of customers with $100,000 or greater in ARR increased to 653, reflecting a 15% year-over-year growth[10] - Dollar-based Net Retention Rate (NRR) for Q3 2025 was 104%, consistent with the previous quarter, indicating strong customer retention[30] Expenses and Investments - Research and development expenses for the three months ended September 30, 2025, were $26,612,000, up from $19,037,000 in the same period of 2024, reflecting a focus on innovation[24] - The company reported stock-based compensation expense of $25,116,000 for the three months ended September 30, 2025, compared to $21,112,000 in the prior year[24] - Research and development expenses for Q3 2025 were $26.61 million, up from $19.04 million in Q3 2024, a 39.9% increase, indicating a focus on innovation[27] - Sales and marketing expenses for Q3 2025 were $48.31 million, compared to $40.86 million in Q3 2024, reflecting an 18.5% increase in investment in growth initiatives[27] Operational Efficiency - GAAP operating margin for Q3 2025 was -29.0%, compared to -26.6% in Q3 2024, reflecting a decline in operational efficiency[27] - Non-GAAP operating margin for Q3 2025 improved to 0.6%, up from 2.1% in Q3 2024, showing a positive trend in operational performance[27]