Form 8-K

8-K — Amplitude, Inc.

Accession: 0001193125-26-209264

Filed: 2026-05-06

Period: 2026-05-06

CIK: 0001866692

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ampl-20260506.htm (Primary)

EX-99.1 (ampl-ex99_1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ampl-20260506.htm · Sequence: 1

8-K

false000186669200018666922026-05-062026-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 6, 2026

Amplitude, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-40817

45-3937349

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

201 Third Street, Suite 200

San Francisco, California 94103

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (415) 231-2353

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Class A Common Stock, $0.00001 par value per share

AMPL

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 6, 2026, Amplitude, Inc. issued a press release announcing its financial results for the three months ended March 31, 2026 (the “Press Release”). A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1

Press Release, dated May 6, 2026, issued by Amplitude, Inc.

104

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMPLITUDE, INC.

Date: May 6, 2026

By:

/s/ Andrew Casey

Name: Andrew Casey

Title: Chief Financial Officer

EX-99.1

Filename: ampl-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Amplitude Announces First Quarter 2026 Financial Results

•

Annual Recurring Revenue was $374 million, up 17% year-over-year

•

Remaining performance obligations of $427.4 million, up 31% year-over-year

•

First quarter revenue of $93.5 million, up 17% year-over-year

•

First quarter Net Cash used in Operations of $11.6 million and Free Cash Flow of $(13.2) million

SAN FRANCISCO – May 6, 2026 – Amplitude, Inc. (Nasdaq: AMPL), the leading AI analytics platform, today announced financial results for its first quarter ended March 31, 2026.

"We're entering a new era of analytics—one where AI can monitor your product around the clock, and free up your team to focus on improving the experience,” said Spenser Skates, co-founder and CEO of Amplitude. "The real advantage is how quickly a team can learn, iterate, improve, and automate. Agentic analytics is the key."

"We continue to deliver consistent execution on our core business as we rapidly innovate for the next generation of builders. We expanded multi-product ARR to 77%, expanded our enterprise customer base, and drove strong early adoption of our new pricing and packaging, which represented 25% of our total contracted ARR in the quarter." said Andrew Casey, CFO of Amplitude. "We will continue to invest in our customer’s adoption of our AI technologies as we increase the value that our platform can deliver."

First Quarter 2026 Financial Highlights:

(in millions, except per share and percentage amounts)

First Quarter 2026

First Quarter 2025

Y/Y Change

Annual Recurring Revenue

$374

$320

17%

Revenue

$93.5

$80.0

17%

GAAP Loss from Operations

$(24.1)

$(24.2)

$0.1

Non-GAAP Loss from Operations

$(3.1)

$(2.1)

$(1.0)

GAAP Net Loss Per Share, Basic and Diluted

$(0.17)

$0.0

Non-GAAP Net Loss Per Share, Basic and Diluted

$(0.02)

$(0.00)

$(0.02)

Net Cash Used in Operating Activities

$(11.6)

$(8.0)

$(3.6)

Free Cash Flow

$(13.2)

$(9.2)

$(4.0)

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 $20.5 million in the first quarter of 2026 compared to $21.8 million in the first quarter of 2025. 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. Reconciliations of historical GAAP to non-GAAP information are presented in the accompanying tables.

First Quarter and Recent Business Highlights:

•

Introduced Global Agent, a system-wide AI Agent that continuously understands customer behavior across charts, experiments, and sessions, answers questions, explains why metrics move, and takes action in real time. We also shipped Specialized Agents that asynchronously work to track performance, monitor conversion funnels, and analyze user sentiment while pushing updates into email or Slack.

•

Expanded Model Context Protocol (MCP), a shared behavioral intelligence layer that brings trusted Amplitude insights directly into tools like Claude, Cursor, Slack, and Figma, enabling teams to act on customer data without leaving their workflow.

•

Introduced Amplitude AI Assistant, an in-product support agent that delivers personalized, behavior-aware assistance directly inside your product. It answers questions, triggers walkthroughs, takes action, while connecting every conversation to activation, retention, and conversion metrics in real time.

•

Introduced Agent Analytics, an new analytics system that bridges product analytics and LLM observability, enabling teams to measure AI agent quality at scale, trace failures to root cause across prompts, tools, and context, and directly connect agent performance to business outcomes like retention, conversion, and revenue.

•

Announced a strategic partnership with Statsig to take on its brand and customers. Amplitude will also maintain and develop the current Statsig platform across the cloud and data warehouse, including support for existing customers.

•

Annual Recurring Revenue was $374 million, an increase of 17% year-over-year and an increase of $54.2 million compared to the first quarter of 2025.

•

GAAP Net Loss per share was $(0.17), based on 133.3 million basic shares, compared to a loss of $(0.17) per share, based on 129.7 million basic shares, in the first quarter of 2025.

•

Non-GAAP Net Loss per share was $(0.02), based on 133.3 million basic shares, compared to $(0.00) per share, based on 129.7 million basic shares, in the first quarter of 2025.

•

Net Cash used in Operations was $11.6 million, a $3.6 million increase year-over-year.

•

Free Cash Flow was $(13.2) million, a $4.0 million decrease year-over-year.

•

The number of customers with $100,000 or greater in ARR increased to 727, or 18% year-over-year growth.

•

The number of customers with $1.0 million or greater in ARR increased to 55, or 25% year-over-year growth.

Financial Outlook:

The second quarter and full year 2026 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 2026, the Company expects:

Second Quarter 2026

Full Year 2026

Revenue

$96.9 - $99.1 million

$397.0 - $403.0 million

Non-GAAP Operating Income (Loss)

$(3.6) - $(1.6) million

$2.5 - $6.5 million

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

$(0.02) - $(0.01)

$0.03 - $0.06

Weighted Average Shares Outstanding

134.0 million, basic

145.1 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, 2026, as well as the financial outlook for its second quarter and full year 2026 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 2026, the opportunity for the use of AI to drive value for the Company going forward, the Company’s growth strategy and business aspirations, the Company's market position and market opportunity, and the Company's share repurchase program. 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 AI analytics platform, helping over 4,900 customers—including Atlassian, Burger King, NBCUniversal, and Square—build better products and digital experiences. With powerful AI Agents embedded across our platform, teams can analyze, test, and optimize user experiences faster than ever. Ranked #1 across multiple categories in G2’s Winter 2026 Report, Amplitude is the best-in-class solution for product, data, and marketing teams. Learn more at amplitude.com.

Contacts

Investor Relations

John Streppa

ir@amplitude.com

Media Contact

press@amplitude.com

AMPLITUDE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

March 31, 2026

December 31, 2025

(unaudited)

Assets

Current assets:

Cash and cash equivalents

86,590

81,119

Restricted cash, current

—

Marketable securities, current

95,335

110,882

Accounts receivable, net

40,899

23,423

Prepaid expenses and other current assets

21,170

22,859

Deferred commissions, current

19,106

18,380

Total current assets

263,152

256,663

Marketable securities, non-current

31,544

60,543

Property and equipment, net

19,282

18,632

Intangible assets, net

7,849

6,376

Goodwill

25,180

Restricted cash, non-current

850

Deferred commissions, non-current

36,128

35,135

Operating lease right-of-use assets

9,316

9,045

Other non-current assets

8,441

8,260

Total assets

401,742

420,684

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

3,025

5,734

Accrued expenses

37,249

37,124

Deferred revenue

133,422

121,888

Total current liabilities

173,696

164,746

Operating lease liabilities, non-current

6,597

6,882

Non-current liabilities

4,144

3,710

Total liabilities

184,437

175,338

Stockholders’ equity:

Common stock

Additional paid-in capital

786,853

791,146

Accumulated other comprehensive income

115

589

Accumulated deficit

(569,664

)

(546,390

)

Total stockholders’ equity

217,305

245,346

Total liabilities and stockholders’ equity

401,742

420,684

AMPLITUDE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(unaudited)

Three Months Ended March 31,

2026

2025

Revenue

93,492

79,953

Cost of revenue (1)

25,209

20,204

Gross profit

68,283

59,749

Operating expenses:

Research and development (1)

25,321

23,533

Sales and marketing (1)

50,803

44,146

General and administrative (1)

16,299

16,268

Total operating expenses

92,423

83,947

Loss from operations

(24,140

)

(24,198

)

Other income (expense), net

1,956

2,745

Loss before provision for (benefit from) income taxes

(22,184

)

(21,453

)

Provision for (benefit from) income taxes

1,090

778

Net loss

(23,274

)

(22,231

)

Net loss per share

Basic and diluted

(0.17

)

(0.17

)

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

Basic and diluted

133,303

129,696

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

Three Months Ended March 31,

2026

2025

Cost of revenue

1,210

1,267

Research and development

6,409

7,506

Sales and marketing

8,388

7,819

General and administrative

3,955

4,005

Total stock-based compensation expense

19,962

20,597

AMPLITUDE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(unaudited)

Three Months Ended March 31,

2026

2025

Cash flows from operating activities:

Net loss

(23,274

)

(22,231

)

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

Depreciation and amortization

2,758

2,285

Stock-based compensation expense

19,962

20,597

Non-cash operating lease costs

1,130

1,128

Other

748

254

Changes in operating assets and liabilities:

Accounts receivable

(17,709

)

(15,380

)

Prepaid expenses and other current assets

1,165

1,633

Deferred commissions

(1,719

)

(707

)

Other non-current assets

(183

)

(819

)

Accounts payable

(3,554

)

1,184

Accrued expenses

(1,611

)

(1,873

)

Deferred revenue

11,270

7,333

Operating lease liabilities

(592

)

(1,426

)

Net cash provided by (used in) operating activities

(11,609

)

(8,022

)

Cash flows provided by (used in) investing activities:

Cash received from maturities of marketable securities

26,000

8,550

Cash received from sale of marketable securities

22,051

—

Purchase of marketable securities

(4,157

)

(33,735

)

Purchase of property and equipment

(435

)

(439

)

Capitalization of internal-use software costs

(1,134

)

(765

)

Issuance of bridge loan

(186

)

—

Net cash provided by (used in) investing activities

42,139

(26,389

)

Cash flows provided by (used in) financing activities:

Proceeds from the exercise of stock options

459

1,529

Cash received for tax withholding obligations on equity award settlements

667

1,378

Cash paid for tax withholding obligations on equity award settlements

(5,405

)

(8,997

)

Repurchase of common stock

(20,728

)

—

Net cash provided by (used in) financing activities

(25,007

)

(6,090

)

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

5,523

(40,501

)

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

81,969

172,559

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

87,492

132,058

AMPLITUDE, INC.

Reconciliation of GAAP to Non-GAAP Data

(In thousands, except percentages and per share amounts)

(unaudited)

Three Months Ended March 31,

2026

2025

Reconciliation of gross profit and gross margin

GAAP gross profit

68,283

59,749

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

1,210

1,267

Plus: amortization of acquired intangible assets

457

182

Non-GAAP gross profit

69,950

61,198

GAAP gross margin

73.0

74.7

Non-GAAP adjustments

1.8

Non-GAAP gross margin

74.8

76.5

Reconciliation of operating expenses

GAAP research and development

25,321

23,533

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

(6,724

)

(8,079

)

Non-GAAP research and development

18,597

15,454

GAAP research and development as percentage of revenue

27.1

29.4

Non-GAAP research and development as percentage of revenue

19.9

19.3

GAAP sales and marketing

50,803

44,146

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

(8,445

)

(8,158

)

Less: amortization of acquired intangible assets

(61

)

(122

)

Non-GAAP sales and marketing

42,297

35,866

GAAP sales and marketing as percentage of revenue

54.3

55.2

Non-GAAP sales and marketing as percentage of revenue

45.2

44.9

GAAP general and administrative

16,299

16,268

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

(4,119

)

(4,273

)

Non-GAAP general and administrative

12,180

11,995

GAAP general and administrative as percentage of revenue

17.4

20.3

Non-GAAP general and administrative as percentage of revenue

13.0

15.0

Reconciliation of operating loss and operating margin

GAAP loss from operations

(24,140

)

(24,198

)

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

20,499

21,777

Plus: amortization of acquired intangible assets

518

304

Non-GAAP income (loss) from operations

(3,123

)

(2,117

)

GAAP operating margin

(25.8

(30.3

Non-GAAP adjustments

22.5

27.6

Non-GAAP operating margin

(3.3

(2.6

Reconciliation of net income (loss)

GAAP net income (loss)

(23,274

)

(22,231

)

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

20,499

21,777

Plus: amortization of acquired intangible assets

518

304

Less: income tax effect of non-GAAP adjustments

—

Non-GAAP net income (loss)

(2,257

)

(150

)

Reconciliation of net income (loss) per share

GAAP net income (loss) per share, basic

(0.17

)

(0.17

)

Non-GAAP adjustments to net income (loss)

0.15

0.17

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

(0.02

)

(0.00

)

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

(0.02

)

(0.00

)

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

133,303

129,696

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

133,303

129,696

Note: Certain figures may not sum due to rounding

(1) For the three months ended March 31, 2026 and March 31, 2025, the weighted average shares used in the GAAP per share calculation excludes 5.3 million shares and 10.0 million shares, respectively, 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,

2026

2025

Net cash provided by (used in) operating activities

(11,609

)

(8,022

)

Less:

Purchases of property and equipment

(435

)

(439

)

Capitalization of internal-use software costs

(1,134

)

(765

)

Free cash flow

(13,178

)

(9,226

)

Net cash provided by (used in) operating activities margin

(12.4

(10.0

Non-GAAP adjustments

(1.7

(1.5

Free cash flow margin

(14.1

(11.5

Note: Certain figures may not sum due to rounding

AMPLITUDE, INC.

Historicals - Key Business Metrics

(In millions, except percentages)

(unaudited)

December 31, 2024

March 31, 2025

June 30, 2025

September 30, 2025

December 31, 2025

March 31, 2026

Annual Recurring Revenue (ARR)

312

320

335

347

366

374

Dollar-based Net Retention Rate (NRR)

100

101

104

105

106

Dollar-based Net Retention Rate (NRR TTM)

102

104

105

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