Amplitude(US:AMPL)2025-11-06 00:17Financial Performance - Revenue for Q3 2025 was $88,564,000, representing a 17.5% increase from $75,217,000 in Q3 2024[24] - Gross profit for Q3 2025 was $65,490,000, up from $56,473,000 in Q3 2024, indicating a growth of 15.0%[24] - Total operating expenses for Q3 2025 were $91,140,000, compared to $76,486,000 in Q3 2024, reflecting an increase of 19.2%[24] - Net loss for Q3 2025 was $23,986,000, compared to a net loss of $16,854,000 in Q3 2024, representing a 42.5% increase in losses[24] - Revenue for the nine months ended September 30, 2025, was $251.8 million, an increase of 13.9% compared to $221.1 million for the same period in 2024[37] - Net loss for the nine months ended September 30, 2025, was $70.9 million, compared to a net loss of $61.7 million for the same period in 2024, reflecting a 14.8% increase in losses[32] - Total revenue for the third quarter ended September 30, 2025, was $88.6 million, compared to $75.2 million for the same quarter in 2024, marking a 17.8% increase[37] - The company reported a consolidated net loss of $24.0 million for the third quarter ended September 30, 2025, compared to a net loss of $16.9 million for the same quarter in 2024[37] Cash and Assets - Cash and cash equivalents decreased to $82,217,000 as of September 30, 2025, down from $171,678,000 as of December 31, 2024[22] - Total current assets decreased to $265,777,000 as of September 30, 2025, from $303,631,000 as of December 31, 2024[22] - Cash, cash equivalents, and restricted cash at the end of the period on September 30, 2025, was $83.1 million, down from $318.3 million at the end of the same period in 2024[32] - As of September 30, 2025, cash and cash equivalents were $82.2 million, with an additional $185.1 million in marketable securities[173] Deferred Revenue and Performance Obligations - Deferred revenue increased to $131,534,000 as of September 30, 2025, compared to $109,671,000 as of December 31, 2024, showing a growth of 19.9%[22] - Remaining performance obligations (RPO) increased by 37% to $391.9 million as of September 30, 2025, compared to $286.6 million in 2024[183] - The total remaining performance obligations expected to be recognized within 12 months amounted to $257.7 million as of September 30, 2025[51] Research and Development - Research and development expenses for Q3 2025 were $26,612,000, up from $19,037,000 in Q3 2024, marking an increase of 39.8%[24] - Research and development expenses for the nine months ended September 30, 2025, were $25.3 million, compared to $24.1 million for the same period in 2024, reflecting a year-over-year increase of 4.9%[84] - Amplitude's investment in research and development is expected to increase over time, with a focus on maintaining market leadership and attracting top engineering talent[118] Stock-Based Compensation - Stock-based compensation expense for the nine months ended September 30, 2025, was $70.2 million, up from $64.9 million in the same period of 2024, indicating an increase of 8.1%[32] - The total fair value of RSUs vested during the nine months ended September 30, 2025, was $76.6 million, up from $52.7 million in 2024[78] - The intrinsic value of options exercised for the nine months ended September 30, 2025, was $9.3 million, compared to $12.6 million for the same period in 2024[74] Customer Metrics - As of September 30, 2025, Amplitude reported Annual Recurring Revenue (ARR) of $347 million, a 16% increase from $298 million in 2024[122] - The number of paying customers with ARR of $100,000 or greater increased by 15% year-over-year, reaching 653 customers in 2025 compared to 567 in 2024[114] - The dollar-based net retention rate for the trailing 12 months (TTM) improved to 102% in 2025, up from 97% in 2024[114] Acquisitions - The Company completed the acquisition of Kraftful, Inc. for a total consideration of $3.8 million, including $2.9 million in cash and $0.9 million in equity[62] - The Company acquired certain assets from Inari for $0.5 million in cash on June 25, 2025, which will be amortized over three years[61] - The fair value of developed technology acquired in the Kraftful acquisition was $3.0 million, contributing to a total purchase price allocation of $3.76 million[63] Operating Expenses - Sales and marketing expenses for the three months ended September 30, 2025, were $10.0 million, up 20.4% from $8.3 million in the same period in 2024[84] - General and administrative expenses increased by $2.1 million, or 4%, for the nine months ended September 30, 2025, compared to the same period in 2024[169] - Total operating expenses for the nine months ended September 30, 2025, were $262.6 million, an increase of $26.7 million, or 11%, compared to the prior year[166] Risks and Challenges - The company faces risks related to competition, market demand, and economic conditions that could adversely affect its business[202] - Legal proceedings and potential liabilities may incur significant costs and impact management resources[209] - The competitive landscape for digital analytics applications is fragmented and rapidly evolving, leading to intensified competition[218] Future Outlook - The company plans to invest significantly in the development of its Digital Analytics Platform, technology infrastructure, sales and marketing, international expansion, and general administration[203] - Customer retention and expansion are critical for maintaining revenue growth, with challenges arising from customer satisfaction, pricing, and competition[206] - The company expects fluctuations in financial results and key metrics, making future projections difficult[208]