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    Amplitude Announces First Quarter 2025 Financial Results

    5/7/25 4:05:00 PM ET
    $AMPL
    Computer Software: Prepackaged Software
    Technology
    Get the next $AMPL alert in real time by email
    • Annual Recurring Revenue was $320 million, up 12% year-over-year
    • Remaining performance obligations of $325.9 million, up 30% year-over-year
    • First quarter revenue of $80.0 million, up 10% year-over-year
    • Announces a $50 million share repurchase program

    Amplitude, Inc. (NASDAQ:AMPL), the leading digital analytics platform, today announced financial results for its first quarter ended March 31, 2025.

    "We continue to execute against our strategy. We have more enterprise customers embracing our full platform, stronger multi-product attach rates, and an increasing number of multi-year deals," said Spenser Skates, CEO and co-founder of Amplitude. "We continued to rapidly innovate and extend the reach of our platform, and have returned to double-digit revenue growth."

    First Quarter 2025 Financial Highlights:

    (in millions, except per share and percentage amounts)

     

    First Quarter 2025

    First Quarter 2024

    Y/Y

    Change

    Annual Recurring Revenue

    $320

    $285

    12%

    Revenue

    $80.0

    $72.6

    10%

    GAAP Loss from Operations

    $(24.2)

    $(24.7)

    $0.5

    Non-GAAP Income (Loss) from Operations

    $(2.1)

    $(2.1)

    $0.0

    GAAP Net Loss Per Share, Basic and Diluted

    $(0.17)

    $(0.18)

    $0.01

    Non-GAAP Net Income (Loss) Per Share, Diluted

    $(0.00)

    $0.01

    $(0.01)

    Net Cash Provided by (Used in) Operating Activities

    $(8.0)

    $(0.1)

    $(7.9)

    Free Cash Flow

    $(9.2)

    $(1.1)

    $(8.1)

    Non-GAAP income (loss) from operations and non-GAAP net income (loss) per share exclude expenses related to stock-based compensation expense and related employer payroll taxes and amortization of acquired intangible assets. Stock-based compensation expense and the related employer payroll taxes were $21.8 million in the first quarter of 2025 compared to $22.3 million in the first quarter of 2024. Free cash flow is GAAP net cash provided by (used in) operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. The section titled "Non-GAAP Financial Measures" below contains a description of the non-GAAP financial measures and reconciliations between historical GAAP and non-GAAP information are contained in the tables below.

    First Quarter and Recent Business Highlights:

    • Annual Recurring Revenue was $320 million, an increase of 12% year-over-year and an increase of $8 million compared to the fourth quarter of 2024.
    • GAAP Net Loss per share was $0.17, based on 129.7 million shares, compared to a loss of $0.18 per share, based on 120.8 million shares, in the first quarter of 2024.
    • Non-GAAP Net Income (Loss) per share was ($0.00), based on 129.7 million basic shares, compared to $0.01 per share, based on 130.9 million diluted shares, in the first quarter of 2024.
    • Cash Flow from Operations was $(8.0) million, a $7.9 million decrease year-over-year.
    • Free Cash Flow was $(9.2) million, a $8.1 million decrease year-over-year.
    • The number of customers greater than $100,000 in ARR increased to 617, or 18% year-over-year growth.
    • Launched Guides and Surveys to help organizations improve onboarding and user engagement.
    • Shipped new product capabilities to meet customer demands, including self-serve data deletion, heatmaps, and Session Replay Everywhere.
    • Ranked #1 in product analytics in G2's Spring 2025 report.
    • The Board of Directors approved a share repurchase program, authorizing the purchase of up to $50 million of the Company's Class A common stock, effective immediately.

    Share Buyback:

    The new share repurchase program authorizes the repurchase of up to $50 million of the Company's outstanding Class A common stock. Purchases under the new share repurchase program may be made from time to time, in such amounts as management deems appropriate, through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions, purchases through 10b5-1 trading plans, or by any combination of such methods. The timing and amount of any repurchases pursuant to the new share repurchase program will be determined based on market conditions, share price, and other factors. The new share repurchase program does not have an expiration date, does not require the Company to repurchase any specific number of shares of its Class A common stock, and may be modified, suspended, or terminated at any time without notice.

    Financial Outlook:

    The second quarter and full year 2025 outlook information provided below is based on Amplitude's current estimates and is not a guarantee of future performance. These statements are forward-looking and actual results may differ materially. Refer to the "Forward-Looking Statements" section below for information on the factors that could cause Amplitude's actual results to differ materially from these forward-looking statements.

    For the second quarter and full year 2025, the Company expects:

     

    Second Quarter 2025

    Full Year 2025

    Revenue

    $80.3 - $82.3 million

    $329.0 - $333.0 million

    Non-GAAP Operating Income (Loss)

    $(2.9) - $(0.9) million

    $0.0 - $5.0 million

    Non-GAAP Net Income (Loss) Per Share

    $(0.01) - $0.01

    $0.05 - $0.10

    Weighted Average Shares Outstanding

    132.1 / 138.7 million

    basic / diluted

    140.9 million diluted

    An outlook for GAAP income (loss) from operations, GAAP net income (loss), GAAP net income (loss) per share and a reconciliation of expected non-GAAP income (loss) from operations to GAAP income (loss) from operations, expected non-GAAP net income (loss) to GAAP net income (loss), and expected non-GAAP net income (loss) per share to GAAP net income (loss) per share have not been provided as the quantification of certain items included in the calculation of GAAP income (loss) from operations, GAAP net income (loss) and GAAP net income (loss) per share cannot be reasonably calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as the number and value of awards granted that are not currently ascertainable, and the non-GAAP adjustment for amortization of acquired intangible assets depends on the timing and value of intangible assets acquired that cannot be accurately forecasted.

    Conference Call Information:

    Amplitude will host a live video webcast to discuss its financial results for its first quarter ended March 31, 2025, as well as the financial outlook for its second quarter and full year 2025 today at 2:00 PM Pacific Time / 5:00 PM Eastern Time. Interested parties may access the webcast, earnings press release, and investor presentation on the events section of Amplitude's investor relations website at investors.amplitude.com. A replay will be available in the same location a few hours after the conclusion of the live webcast.

    Forward-Looking Statements:

    This press release contains express and implied "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial outlook for the second quarter and full year 2025, the amount and timing of the Company's share repurchase program, the Company's growth strategy and business aspirations and its market position and market opportunity. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would," and "outlook," or the negative version of those words or phrases or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not statements of historical fact, and are based on current expectations, estimates, and projections about the Company's industry as well as certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company's control. These statements are subject to numerous uncertainties and risks that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements, including risks related to: the Company's limited operating history and rapid growth over the last several years, which makes it difficult to forecast the Company's future results of operations; the Company's history of losses; any decline in the Company's customer retention or expansion of its commercial relationships with existing customers or an inability to attract new customers; expected fluctuations in the Company's financial results, making it difficult to project future results; the Company's focus on sales to larger organizations and potentially increased dependency on those relationships, which may increase the variability of the Company's sales cycles and results of operations; downturns or upturns in new sales, which may not be immediately reflected in the Company's results of operations and may be difficult to discern; unfavorable conditions in the Company's industry or the global economy, including as a result of the imposition of tariffs or other trade protection measures, or reductions in information technology spending, which could limit the Company's ability to grow its business; the market for SaaS applications, which may develop more slowly than the Company expects or decline; the Company's intellectual property rights, which may not protect its business or provide the Company with a competitive advantage; and evolving privacy and other data-related laws; and the impact of sanctions related to Russia on the Company's ability to collect receivables. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are or will be included under the caption "Risk Factors" and elsewhere in the reports and other documents that the Company files with the Securities and Exchange Commission from time to time, including the Company's Quarterly Report on Form 10-Q being filed at or around the date hereof. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

    Non-GAAP Financial Measures:

    This press release includes financial information that has not been prepared in accordance with GAAP. The Company uses non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating the Company's ongoing operational performance. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company's financial results with other companies in the industry, many of which present similar non-GAAP financial measures to investors. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in the Company's industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow does not reflect the Company's future contractual commitments and the total increase or decrease of its cash balance for a given period.

    Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. A reconciliation of the Company's non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below.

    Non-GAAP Gross Profit, Non-GAAP Gross Margin, Non-GAAP Operating Expenses, Non-GAAP Income (Loss) from Operations, Non-GAAP Operating Margin, Non-GAAP Net Income (Loss), and Non-GAAP Net Income (Loss) per Share.

    The Company defines these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, and non-recurring costs such as restructuring and other related charges. The Company excludes stock-based compensation expense and related employer payroll taxes, which is a non-cash expense, from certain of its non-GAAP financial measures because it believes that excluding this item provides meaningful supplemental information regarding operational performance. The Company excludes amortization of intangible assets, which is a non-cash expense, related to business combinations from certain of its non-GAAP financial measures because such expenses are related to business combinations and have no direct correlation to the operation of the Company's business. Although the Company excludes these expenses from certain non-GAAP financial measures, the revenue from acquired companies subsequent to the date of acquisition is reflected in these measures and the acquired intangible assets contribute to the Company's revenue generation. The Company excludes non-recurring costs from certain of its non-GAAP financial measures because such expenses do not repeat period over period and are not reflective of the ongoing operation of the Company's business.

    The Company uses non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP operating margin, non-GAAP net income (loss), and non-GAAP net income (loss) per share in conjunction with its traditional GAAP measures to evaluate the Company's financial performance. The Company believes that these measures provide its management, board of directors, and investors consistency and comparability with its past financial performance and facilitate period-to-period comparisons of operations.

    Free Cash Flow and Free Cash Flow Margin. The Company defines free cash flow as net cash provided by (used in) operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. Free cash flow margin is calculated as free cash flow divided by total revenue. The Company believes that free cash flow and free cash flow margin are useful indicators of liquidity that provide its management, board of directors, and investors with information about its future ability to generate or use cash to enhance the strength of its balance sheet and further invest in its business and pursue potential strategic initiatives.

    Definitions of Business Metrics:

    Annual Recurring Revenue

    The Company defines Annual Recurring Revenue ("ARR") as the annual recurring revenue of subscription agreements at a point in time based on the terms of customers' contracts, including certain premium services that are subject to contractual subscription terms and Plus customers that we expect to recur. ARR should be viewed independently of revenue, and does not represent the Company's GAAP revenue on an annualized basis, as it is an operating metric that can be impacted by contract start and end dates and renewal rates. ARR is also not intended to be a forecast of revenue.

    Dollar-Based Net Retention Rate

    The Company calculates dollar-based net retention rate as of a period end by starting with the ARR from the cohort of all customers as of 12 months prior to such period-end (the "Prior Period ARR"). The Company then calculates the ARR from these same customers as of the current period-end (the "Current Period ARR"). Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months, but excludes ARR from new customers as well as any overage charges in the current period. The Company then divides the total Current Period ARR by the total Prior Period ARR to arrive at the dollar-based net retention rate ("NRR"). The Company then calculates the average of the trailing 12-month dollar-based net retention rates, to arrive at the dollar-based net retention rate ("NRR (TTM)").

    About Amplitude

    Amplitude is the leading digital analytics platform that helps companies unlock the power of their products. Over 4,000 customers, including Atlassian, NBCUniversal, Under Armour, Shopify, and Jersey Mike's, rely on Amplitude to gain self-service visibility into the entire customer journey. Amplitude guides companies every step of the way as they capture data they can trust, uncover clear insights about customer behavior, and take faster action. When teams understand how people are using their products, they can deliver better product experiences that drive growth. Amplitude is the best-in-class analytics solution for product, data, and marketing teams, ranked #1 in multiple categories in G2's Spring 2025 Report. Learn how to optimize your digital products and business at amplitude.com.

    AMPLITUDE, INC.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
     
    March 31, 2025 December 31, 2024
    (unaudited)
    Assets
    Current assets:
    Cash and cash equivalents

    $

    131,173

     

    $

    171,678

     

    Restricted cash, current

     

    885

     

     

    881

     

    Marketable securities, current

     

    77,867

     

     

    69,419

     

    Accounts receivable, net

     

    41,746

     

     

    26,346

     

    Prepaid expenses and other current assets

     

    18,893

     

     

    20,353

     

    Deferred commissions, current

     

    15,412

     

     

    14,954

     

    Total current assets

     

    285,976

     

     

    303,631

     

    Marketable securities, noncurrent

     

    73,995

     

     

    57,242

     

    Property and equipment, net

     

    16,349

     

     

    16,333

     

    Intangible assets, net

     

    4,059

     

     

    4,364

     

    Goodwill

     

    24,358

     

     

    24,370

     

    Deferred commissions, noncurrent

     

    27,945

     

     

    27,697

     

    Operating lease right-of-use assets

     

    5,300

     

     

    5,286

     

    Other noncurrent assets

     

    7,806

     

     

    6,988

     

    Total assets

    $

    445,788

     

    $

    445,911

     

    Liabilities and Stockholders' Equity
    Current liabilities:
    Accounts payable

    $

    2,242

     

    $

    991

     

    Accrued expenses

     

    31,905

     

     

    33,851

     

    Deferred revenue

     

    117,004

     

     

    109,671

     

    Total current liabilities

     

    151,151

     

     

    144,513

     

    Operating lease liabilities, noncurrent

     

    2,079

     

     

    1,772

     

    Noncurrent liabilities

     

    3,098

     

     

    3,070

     

    Total liabilities

     

    156,328

     

     

    149,355

     

    Stockholders' equity:
    Common stock

     

    1

     

     

    1

     

    Additional paid-in capital

     

    769,213

     

     

    754,398

     

    Accumulated other comprehensive income (loss)

     

    326

     

     

    6

     

    Accumulated deficit

     

    (480,080

    )

     

    (457,849

    )

    Total stockholders' equity

     

    289,460

     

     

    296,556

     

    Total liabilities and stockholders' equity

    $

    445,788

     

    $

    445,911

     

    AMPLITUDE, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except per share amounts)

    Three Months Ended March 31,

     

    2025

     

     

     

    2024

     

    (unaudited) (unaudited)
    Revenue

    $

    79,953

     

    $

    72,624

     

    Cost of revenue (1)

     

    20,204

     

     

    18,889

     

    Gross profit

     

    59,749

     

     

    53,735

     

    Operating expenses:
    Research and development (1)

    $

    23,533

     

    $

    22,953

     

    Sales and marketing (1)

     

    44,146

     

     

    40,817

     

    General and administrative (1)

     

    16,268

     

     

    14,670

     

    Total operating expenses

     

    83,947

     

     

    78,440

     

    Loss from operations

     

    (24,198

    )

     

    (24,705

    )

    Other income (expense), net

     

    2,745

     

     

    3,671

     

    Loss before provision for (benefit from) income taxes

     

    (21,453

    )

     

    (21,034

    )

    Provision for (benefit from) income taxes

     

    778

     

     

    426

     

    Net loss

    $

    (22,231

    )

    $

    (21,460

    )

    Net loss per share
    Basic and diluted

    $

    (0.17

    )

    $

    (0.18

    )

    Weighted-average shares used in calculating net loss per share:
    Basic and diluted

     

    129,696

     

     

    120,826

     

    (1) Amounts include stock-based compensation expense as follows:

    Three Months Ended March 31,

    2025

     

    2024

    (unaudited)

     

    (unaudited)

    Cost of revenue

    $ 1,267

    $ 1,474

    Research and development

    7,506

    8,914

    Sales and marketing

    7,819

    6,871

    General and administrative

    4,005

    3,805

    Total stock-based compensation expense

    $ 20,597

    $ 21,064

    AMPLITUDE, INC.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (In thousands)
     

    Three Months Ended March 31,

     

    2025

     

     

     

    2024

     

    (unaudited)

     

    (unaudited)

    Cash flows from operating activities:
    Net loss

    $

    (22,231

    )

    $

    (21,460

    )

    Adjustments to reconcile net loss to net cash provided by (used in) operating activities
    Depreciation and amortization

     

    2,285

     

     

    1,450

     

    Stock-based compensation expense

     

    20,597

     

     

    21,064

     

    Other

     

    254

     

     

    (239

    )

    Non-cash operating lease costs

     

    1,128

     

     

    985

     

    Changes in operating assets and liabilities:
    Accounts receivable

     

    (15,380

    )

     

    (6,784

    )

    Prepaid expenses and other current assets

     

    1,633

     

     

    (2,208

    )

    Deferred commissions

     

    (707

    )

     

    126

     

    Other noncurrent assets

     

    (819

    )

     

    (2,909

    )

    Accounts payable

     

    1,184

     

     

    11,347

     

    Accrued expenses

     

    (1,873

    )

     

    (507

    )

    Deferred revenue

     

    7,333

     

     

    201

     

    Operating lease liabilities

     

    (1,426

    )

     

    (1,114

    )

    Net cash provided by (used in) operating activities

     

    (8,022

    )

     

    (48

    )

    Cash flows provided by (used in) investing activities:
    Cash received from maturities of marketable securities

     

    8,550

     

     

    42,500

     

    Purchase of marketable securities

     

    (33,735

    )

     

    (18,352

    )

    Purchase of property and equipment

     

    (439

    )

     

    (357

    )

    Capitalization of internal-use software costs

     

    (765

    )

     

    (733

    )

    Net cash provided by (used in) investing activities

     

    (26,389

    )

     

    23,058

     

    Cash flows provided by (used in) financing activities:
    Proceeds from the exercise of stock options

     

    1,529

     

     

    1,794

     

    Cash received for tax withholding obligations on equity award settlements

     

    1,378

     

     

    1,546

     

    Cash paid for tax withholding obligations on equity award settlements

     

    (8,997

    )

     

    (9,133

    )

    Net cash provided by (used in) financing activities

     

    (6,090

    )

     

    (5,793

    )

    Net increase (decrease) in cash, cash equivalents, and restricted cash

     

    (40,501

    )

     

    17,217

     

    Cash, cash equivalents, and restricted cash at beginning of the period

     

    172,559

     

     

    249,360

     

    Cash, cash equivalents, and restricted cash at end of the period

    $

    132,058

     

    $

    266,577

     

    AMPLITUDE, INC.
    Reconciliation of GAAP to Non-GAAP Data
    (In thousands, except percentages and per share amounts)
    (unaudited)
     
    Three Months Ended March 31,

     

    2025

     

     

    2024

     

    Reconciliation of gross profit and gross margin
    GAAP gross profit

    $

    59,749

     

    $

    53,735

     

    Plus: stock-based compensation expense and related employer payroll taxes

     

    1,267

     

     

    1,474

     

    Plus: amortization of acquired intangible assets

     

    182

     

     

    270

     

    Non-GAAP gross profit

    $

    61,198

     

    $

    55,479

     

    GAAP gross margin

     

    74.7

    %

     

    74.0

    %

    Non-GAAP adjustments

     

    1.8

    %

     

    2.4

    %

    Non-GAAP gross margin

     

    76.5

    %

     

    76.4

    %

    Reconciliation of operating expenses
    GAAP research and development

    $

    23,533

     

    $

    22,953

     

    Less: stock-based compensation expense and related employer payroll taxes

     

    (8,079

    )

     

    (9,532

    )

    Non-GAAP research and development

    $

    15,454

     

    $

    13,421

     

    GAAP research and development as percentage of revenue

     

    29.4

    %

     

    31.6

    %

    Non-GAAP research and development as percentage of revenue

     

    19.3

    %

     

    18.5

    %

    GAAP sales and marketing

    $

    44,146

     

    $

    40,817

     

    Less: stock-based compensation expense and related employer payroll taxes

     

    (8,158

    )

     

    (7,253

    )

    Less: amortization of acquired intangible assets

     

    (122

    )

     

    (43

    )

    Non-GAAP sales and marketing

    $

    35,866

     

    $

    33,521

     

    GAAP sales and marketing as percentage of revenue

     

    55.2

    %

     

    56.2

    %

    Non-GAAP sales and marketing as percentage of revenue

     

    44.9

    %

     

    46.2

    %

    GAAP general and administrative

    $

    16,268

     

    $

    14,670

     

    Less: stock-based compensation expense and related employer payroll taxes

     

    (4,273

    )

     

    (4,054

    )

    Non-GAAP general and administrative

    $

    11,995

     

    $

    10,616

     

    GAAP general and administrative as percentage of revenue

     

    20.3

    %

     

    20.2

    %

    Non-GAAP general and administrative as percentage of revenue

     

    15.0

    %

     

    14.6

    %

    Reconciliation of operating loss and operating margin
    GAAP loss from operations

    $

    (24,198

    )

    $

    (24,705

    )

    Plus: stock-based compensation expense and related employer payroll taxes

     

    21,777

     

     

    22,313

     

    Plus: amortization of acquired intangible assets

     

    304

     

     

    313

     

    Non-GAAP income (loss) from operations

    $

    (2,117

    )

    $

    (2,079

    )

    GAAP operating margin

     

    (30.3

    %)

     

    (34.0

    %)

    Non-GAAP adjustments

     

    27.6

    %

     

    31.2

    %

    Non-GAAP operating margin

     

    (2.6

    %)

     

    (2.9

    %)

    Reconciliation of net income (loss)
    GAAP net income (loss)

    $

    (22,231

    )

    $

    (21,460

    )

    Plus: stock-based compensation expense and related employer payroll taxes

     

    21,777

     

     

    22,313

     

    Plus: amortization of acquired intangible assets

     

    304

     

     

    313

     

    Less: income tax effect of non-GAAP adjustments

     

    —

     

     

    (142

    )

    Non-GAAP net income (loss)

    $

    (150

    )

    $

    1,024

     

    Reconciliation of net income (loss) per share
    GAAP net income (loss) per share, basic

    $

    (0.17

    )

    $

    (0.18

    )

    Non-GAAP adjustments to net income (loss)

     

    0.17

     

     

    0.19

     

    Non-GAAP net income (loss) per share, basic

    $

    (0.00

    )

    $

    0.01

     

    Non-GAAP net income (loss) per share, diluted

    $

    (0.00

    )

    $

    0.01

     

    Weighted-average shares used in GAAP and non-GAAP per share calculation, basic

     

    129,696

     

     

    120,826

     

    Weighted-average shares used in GAAP and non-GAAP per share calculation, diluted(1)

     

    129,696

     

     

    130,886

     

    Note: Certain figures may not sum due to rounding

    (1) For the three months ended March 31, 2024, the weighted average shares used in the GAAP per share calculation excludes 10.0 million shares as the effect is anti-dilutive in the period.

    AMPLITUDE, INC.

    Reconciliation of GAAP Cash Flows from Operations to Free Cash Flow

    (In thousands, except percentages)
    (unaudited)

    Three Months Ended March 31,

     

    2025

     

     

     

    2024

     

    Net cash provided by (used in) operating activities

    $

    (8,022

    )

    $

    (48

    )

    Less:
    Purchases of property and equipment

     

    (439

    )

     

    (357

    )

    Capitalization of internal-use software costs

     

    (765

    )

     

    (733

    )

    Free cash flow

    $

    (9,226

    )

    $

    (1,138

    )

    Net cash provided by (used in) operating activities margin

     

    (10.0

    %)

     

    (0.1

    %)

    Non-GAAP adjustments

     

    (1.5

    %)

     

    (1.5

    %)

    Free cash flow margin

     

    (11.5

    %)

     

    (1.6

    %)

    Note: Certain figures may not sum due to rounding

    AMPLITUDE, INC.
    Historicals - Key Business Metrics
    (In millions, except percentages)
    (unaudited)
     
    December 31, 2023 March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025
    Annual Recurring Revenue (ARR)

    $ 281

    $ 285

    $ 290

    $ 298

    $ 312

    $ 320

    Dollar-based Net Retention Rate (NRR)

    98%

    97%

    96%

    98%

    100%

    101%

    Dollar-based Net Retention Rate (NRR TTM)

    101%

    99%

    98%

    97%

    97%

    98%

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250506113217/en/

    Investor Relations

    John Streppa

    [email protected]

    Media Contact

    Darah Easton

    [email protected]

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