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Software - Application · Technology · Fiscal year ends Dec 31
Amplitude reported revenue of $343M in the fiscal year ended Dec 2025, up 14.7% from the year before. Operating income was −$85M, an operating margin of −24.9%, and net income was −$89M. Operating cash flow of $30M less capital expenditure of $2M left free cash flow of $28M.
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 167 | 238 | 276 | 299 | 343 |
| Cost of revenue | 51.8 | 70.4 | 71.9 | 76.9 | 89.3 |
| Gross profit | 115 | 168 | 204 | 222 | 254 |
| Research & development | 48.3 | 80.6 | 90.1 | 97.6 | 97.6 |
| Selling, general & admin | 141 | 184 | 209 | 232 | 252 |
| Operating incomederived: pre-tax income + interest | −74.0 | −92.6 | −89.1 | −92.5 | −85.3 |
| Pre-tax income | −74.0 | −92.6 | −89.1 | −92.5 | −85.3 |
| Income tax | 1.0 | 0.8 | 1.3 | 1.8 | 3.2 |
| Net income | −75.0 | −93.4 | −90.4 | −94.3 | −88.5 |
| Diluted EPS | −1.46 | −0.84 | −0.77 | −0.76 | −0.67 |
| Diluted shares | 51.4 | 111 | 117 | 124 | 132 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 307 | 218 | 248 | 172 | 81.1 |
| Receivables | 20.4 | 22.7 | 29.5 | 26.3 | 23.4 |
| Current assets | 355 | 284 | 380 | 304 | 257 |
| Net PP&E | 4.8 | 9.4 | 10.1 | 16.3 | 18.6 |
| Goodwill | 4.1 | 4.1 | 4.1 | 24.4 | 25.2 |
| Total assets | 400 | 414 | 434 | 446 | 421 |
| Payables | 3.4 | 0.5 | 3.1 | 1.0 | 5.7 |
| Deferred revenue | 69.3 | 90.0 | 103 | 110 | 122 |
| Current liabilities | 90.6 | 109 | 132 | 145 | 165 |
| Total liabilities | 93.8 | 119 | 139 | 149 | 175 |
| Shareholders' equity | 307 | 295 | 295 | 297 | 245 |
| Backlog (remaining obligations) | 170 | 248 | 239 | 309 | 418 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −31.7 | −5.4 | 25.6 | 18.5 | 29.8 |
| Capital expenditure | 1.5 | 3.6 | 1.3 | 1.7 | 1.6 |
| Free cash flow | −33.2 | −9.0 | 24.4 | 16.8 | 28.2 |
| Depreciation & amortisation | 3.1 | 4.7 | 5.6 | 6.1 | 9.6 |
| Stock-based compensation | 34.4 | 67.2 | 88.3 | 100 | 92.1 |
| Acquisitions | 1.7 | 0.4 | 0.0 | 16.1 | 3.0 |
| Share buybacks | – | – | 0.6 | 0.0 | 30.7 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 42.3% | 16.1% | 8.3% | 14.7% |
| Gross margin | 69.1% | 70.4% | 74.0% | 74.3% | 74.0% |
| Operating margin | −44.2% | −38.9% | −32.2% | −30.9% | −24.9% |
| Net margin | −44.8% | −39.2% | −32.7% | −31.5% | −25.8% |
| Return on equityBlank when equity is negative | −24.5% | −31.7% | −30.7% | −31.8% | −36.1% |
| ROCEEBIT ÷ (assets − current liabilities) | −23.9% | −30.4% | −29.6% | −30.7% | −33.3% |
| Free cash flow margin | −19.9% | −3.8% | 8.8% | 5.6% | 8.2% |
| Cash conversion (CFO ÷ net income) | 0.42x | 0.06x | −0.28x | −0.20x | −0.34x |
| Receivable days | 45 | 35 | 39 | 32 | 25 |
| Payable days | 24 | 3 | 16 | 5 | 23 |
| Current ratio | 3.92x | 2.61x | 2.87x | 2.10x | 1.56x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.