Download PDF

1. Company Snapshot

1.a. Company Description

Amplitude, Inc.provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally.It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions.


The company also provides customer support services related to initial implementation setup, ongoing support, and application training.It delivers its application over the Internet as a subscription service using a software-as-a-service model.The company was formerly known as Sonalight, Inc.


and changed its name to Amplitude, Inc.in December 2014.Amplitude, Inc.


was incorporated in 2011 and is headquartered in San Francisco, California.

Show Full description

1.b. Last Insights on AMPL

Amplitude's recent performance was driven by its expanding product suite and enterprise surge, positioning it for stronger growth. The company's enterprise sales strategy is driving significant ARR growth, with customers over $100k ARR increasing 16% y/y and enterprise deals now 80% of the pipeline. Product expansion, including Guides & Surveys and session replay, enhances AMPL's platform, increasing TAM and customer stickiness, crucial for long-term growth. Piper Sandler analyst Brent A. Bracelin reiterated the Overweight rating on Amplitude, Inc., raising the price forecast to $17 from $15.

1.c. Company Highlights

2. Amplitude's Q3 2025 Earnings: Strong Revenue Growth and AI Innovation

Amplitude delivered a robust Q3 2025, with revenue reaching $88.6 million, up 18% year-over-year, and annual recurring revenue (ARR) hitting $347 million, a 16% increase from the same period last year. The company's earnings per share (EPS) was $0.02, beating estimates of $0.01. Operating expenses were $67 million, or 75% of revenue, resulting in an operating income of $0.6 million, or 0.6% of revenue. Free cash flow was $3.4 million, or 4% of revenue.

Publication Date: Nov -12

📋 Highlights
  • Q3 Revenue Growth:: Revenue reached $88.6M (+18% YoY), with ARR hitting $347M (+16% YoY).
  • High-Value Customer Expansion:: 653 customers with >$100K ARR (up 15% YoY), 71% of ARR from customers using multiple products.
  • AI Product Launches:: Introduced AI-native tools like MCP, AI agents, and AI Visibility, with upcoming automated insights and chat assistants.
  • RPO Acceleration:: Revenue progress outstanding (RPO) grew 37% YoY, driven by enterprise contracts averaging 22 months in duration.
  • Profitability & Guidance:: Operating income of $0.6M (0.6% of revenue), with Q4 revenue guidance of $89M–$91M (+15% YoY growth).

Financial Highlights

The company's financial performance was characterized by strong acceleration in ARR, improved operational efficiency, and increased durability in its future revenue base. The average contract duration grew to nearly 22 months, and RPO growth accelerated to 37% year-over-year, driven by the company's focus on enterprise customers and longer-term contracts.

AI-Driven Innovation

Amplitude is leveraging its unique position to build the AI analytics platform of the future, with a decade-long experience working with world-class analytics teams and the world's largest database of product behavior. The company has launched several AI-native products, including MCP, AI agents, and AI Visibility, which enable AI tools to interact directly with Amplitude data, monitor product data, detect anomalies, and surface insights automatically.

Valuation and Growth Prospects

Amplitude's current valuation metrics indicate a P/S Ratio of 4.53 and an EV/EBITDA of -13.11. With analysts estimating next year's revenue growth at 14.1%, the company's growth prospects appear promising. As Amplitude continues to innovate and expand its AI capabilities, its ability to drive customer value and growth will be crucial in determining its future success.

Guidance and Outlook

The company expects revenue to be between $89 million and $91 million in Q4 2025, representing an annual growth rate of 15% at the midpoint. Non-GAAP operating income is expected to be between $3.5 million and $5.5 million, and non-GAAP net income per share is expected to be between $0.04 and $0.05. With a strong pipeline and sales execution, Amplitude is confident in its Q4 guidance.

3. NewsRoom

Card image cap

Amplitude, Inc. (AMPL) Presents at UBS Global Technology and AI Conference 2025 Transcript

Dec -04

Source: seekingalpha.com

Card image cap

AYI or AMPL: Which Is the Better Value Stock Right Now?

Nov -21

Source: zacks.com

Card image cap

Amplitude: Buy Before The Market Catches On To This Turnaround

Nov -17

Source: seekingalpha.com

Card image cap

Amplitude Unveils AI Feedback to Instantly Decode and Act on What Customers Want

Nov -12

Source: businesswire.com

Card image cap

1 Under-the-Radar AI Stock That Looks Like a Screaming Buy Right Now

Nov -11

Source: fool.com

Card image cap

Amplitude (AMPL) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Nov -06

Source: zacks.com

Card image cap

Amplitude, Inc. (AMPL) Q3 2025 Earnings Call Transcript

Nov -06

Source: seekingalpha.com

Card image cap

Amplitude Announces Third Quarter 2025 Financial Results

Nov -05

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (12.00%)

6. Segments

Digital Analytics Platform

Expected Growth: 12%

Amplitude's Digital Analytics Platform growth is driven by increasing demand for data-driven decision making, rising adoption of digital transformation, and growing need for customer-centric experiences. Additionally, the platform's ability to provide real-time insights, scalability, and ease of use contribute to its 12% growth.

7. Detailed Products

Amplitude Analytics

A product analytics platform that helps businesses understand user behavior and optimize their digital products.

Amplitude Recommend

A personalized recommendation engine that helps businesses suggest relevant content, products, or features to their users.

Amplitude Experiment

A product experimentation platform that helps businesses measure the impact of new features and product changes on user behavior.

Amplitude CDP

A customer data platform that helps businesses unify their customer data and create a single customer profile.

8. Amplitude, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Amplitude, Inc. has a low threat of substitutes due to its unique product offerings and strong brand recognition.

Bargaining Power Of Customers

Amplitude, Inc. has a medium bargaining power of customers due to the presence of some large enterprise customers, but the company's product is still a crucial part of their operations.

Bargaining Power Of Suppliers

Amplitude, Inc. has a low bargaining power of suppliers due to its ability to negotiate with suppliers and maintain a diverse supply chain.

Threat Of New Entrants

Amplitude, Inc. has a high threat of new entrants due to the growing demand for digital analytics and the relatively low barriers to entry in the industry.

Intensity Of Rivalry

Amplitude, Inc. operates in a moderately competitive industry, with several established players, but the company's strong brand and product offerings help it to maintain a competitive edge.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 2.70%
Debt Cost 3.95%
Equity Weight 97.30%
Equity Cost 10.78%
WACC 10.60%
Leverage 2.77%

11. Quality Control: Amplitude, Inc. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Domo

A-Score: 5.1/10

Value: 9.2

Growth: 4.9

Quality: 5.1

Yield: 0.0

Momentum: 9.5

Volatility: 2.0

1-Year Total Return ->

View Full Report
Stock-Card
NetSol Technologies

A-Score: 4.9/10

Value: 7.7

Growth: 4.2

Quality: 5.7

Yield: 0.0

Momentum: 9.0

Volatility: 3.0

1-Year Total Return ->

View Full Report
Stock-Card
Matterport

A-Score: 4.3/10

Value: 6.4

Growth: 5.0

Quality: 4.0

Yield: 0.0

Momentum: 7.0

Volatility: 3.3

1-Year Total Return ->

View Full Report
Stock-Card
Amplitude

A-Score: 4.2/10

Value: 4.8

Growth: 5.4

Quality: 4.5

Yield: 0.0

Momentum: 6.5

Volatility: 3.7

1-Year Total Return ->

View Full Report
Stock-Card
Weave Communications

A-Score: 3.1/10

Value: 5.5

Growth: 5.9

Quality: 4.0

Yield: 0.0

Momentum: 0.5

Volatility: 3.0

1-Year Total Return ->

View Full Report
Stock-Card
Creative Realities

A-Score: 3.0/10

Value: 9.0

Growth: 2.8

Quality: 4.8

Yield: 0.0

Momentum: 0.5

Volatility: 1.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

11.15$

Current Price

11.15$

Potential

-0.00%

Expected Cash-Flows