Form 8-K

8-K — Amplitude, Inc.

Accession: 0001193125-26-335305

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0001866692

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ampl-20260805.htm (Primary)

EX-99.1 (ampl-ex99_1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ampl-20260805.htm · Sequence: 1

8-K

false000186669200018666922026-08-052026-08-05

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): August 5, 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 August 5, 2026, Amplitude, Inc. issued a press release announcing its financial results for the three and six months ended June 30, 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 August 5, 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: August 5, 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 Second Quarter 2026 Financial Results

•

Annual Recurring Revenue of $410 million, up 22% year-over-year

•

Remaining Performance Obligations of $483 million, up 35% year-over-year

•

Second quarter revenue of $100.9 million, up 21% year-over-year

•

Second quarter net cash provided by operations of $25.6 million and Free Cash Flow of $23.7 million

SAN FRANCISCO – August 5, 2026 – Amplitude, Inc. (Nasdaq: AMPL), the leading AI analytics platform, today announced financial results for its second quarter ended June 30, 2026.

"We have transformed to an AI Analytics company through our culture, our products, and how we’re working with our customers. We are closer than ever to self-improving products. Statsig & Amplitude is a powerful combination to measure what ships and ship what matters,” said Spenser Skates, co-founder and CEO of Amplitude. "Our customers are using more of our AI solutions and looking to us to learn how to engage AI to accelerate their own development."

"We delivered another quarter of solid execution with the integration of Statsig and core execution of Amplitude with each adding $17M and $19M in ARR, respectively," said Andrew Casey, CFO of Amplitude. "We are focused on driving innovation, delivering greater value, and making it easier for customers to work with Amplitude as we accelerate growth with leverage."

Second Quarter 2026 Financial Highlights:

(in millions, except per share and percentage amounts)

Second Quarter 2026

Second Quarter 2025

Y/Y Change

Annual Recurring Revenue

$410

$335

22%

Revenue

$100.9

$83.3

21%

GAAP Loss from Operations

$(35.2)

$(27.1)

$(8.1)

Non-GAAP Loss from Operations

$(1.5)

$0.0

GAAP Net Loss Per Share, Basic and Diluted

$(0.27)

$(0.19)

$(0.08)

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

$(0.01)

$0.01

$(0.02)

Net Cash provided by Operating Activities

$25.6

$20.1

$5.5

Free Cash Flow

$23.7

$18.2

$5.5

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, amortization of acquired intangible assets, acquisition-related costs, and non-recurring costs such as restructuring and other related charges. Stock-based compensation expense and the related employer payroll taxes were $27.4 million in the second quarter of 2026 compared to $25.3 million in the second quarter of 2025. Amortization of acquired intangible assets was $1.0 million in the second quarter of 2026 compared to $0.3 million in the second quarter of 2025. Acquisition-related costs were $3.2 million in the second quarter of 2026, representing transition and integration expenses paid to third-parties. Non-GAAP financial measures for periods prior to the second quarter of 2026 were not adjusted to exclude acquisition-related costs, as such costs were not material to the Company's results of operations for those periods. Restructuring and other related charges were $2.1 million in the second quarter of 2026 and there were no restructuring and other related charges in the second 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.

Second Quarter and Recent Business Highlights:

•

Expanded 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 Agent Analytics, a 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.

•

Introduced Wave, an AI-driven system that continuously analyzes signals across analytics, session replays, feedback, and experiments to surface evidence-backed product opportunities. Each with a priority score, expected impact, and an execution plan teams or coding agents can act on directly, closing the loop from insight to shipped, measured work.

•

Annual Recurring Revenue was $410 million, an increase of 22% year-over-year and an increase of $75 million compared to the second quarter of 2025.

•

GAAP Net loss per share was $(0.27), based on 129.4 million basic shares, compared to a loss of $(0.19) per share, based on 131.4 million basic shares, in the second quarter of 2025.

•

Non-GAAP Net loss per share was $(0.01), based on 129.4 million basic shares, compared to $0.01 net income per share, based on 140.2 million diluted shares, in the second quarter of 2025.

•

Net cash provided by operating activities was $25.6 million, a $5.5 million increase year-over-year.

•

Free Cash Flow was $23.7 million, a $5.5 million increase year-over-year.

•

The number of customers with $100,000 or greater in ARR increased to 824, a 30% year-over-year growth.

Financial Outlook:

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

Third Quarter 2026

Full Year 2026

Revenue

$105.6 - $108.0 million

$407.2 - $411.2 million

Non-GAAP Operating Income

$2.5 - $4.5 million

$6.3 - $9.3 million

Non-GAAP Net Income Per Share, diluted

$0.02 - $0.03

$0.06 - $0.08

Weighted Average Shares Outstanding

133.0 million, diluted

137.1 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 second quarter ended June 30, 2026, as well as the financial outlook for its third 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 third 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 and the Company's 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 highly competitive market in which the Company operates and developments in technology, including the deployment of AI in the Company’s products; 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, acquisition related cost, 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. The Company excludes acquisition-related costs because they are directly attributable to the acquisition, are not reflective of the Company's ongoing cost structure, and are inconsistent in amount and frequency with the operation of its 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 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 and investors with information about its potential 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 it expects 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)”).

Pro Forma Dollar-Based Net Retention Rate

The Company also calculates a supplemental measure, Pro Forma Dollar-Based Net Retention Rate (“Pro Forma NRR”), which includes ARR from customers acquired through business combinations or asset acquisitions in both Current Period ARR and Prior Period ARR, as though the acquisition had occurred at the beginning of the prior period. The Company believes this supplemental measure provides useful information about the combined retention and expansion trends across the business. Pro Forma NRR and Pro Forma NRR (TTM) should not be considered in isolation from, or as a substitute for, the dollar-based net retention rate described above.

About Amplitude:

Amplitude is the leading AI analytics platform, helping over 5,200 paying 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 in Product Analytics for 24 consecutive quarters in G2's Summer 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)

June 30, 2026

December 31, 2025

(unaudited)

Assets

Current assets:

Cash and cash equivalents

73,776

81,119

Restricted cash, current

—

Marketable securities, current

66,763

110,882

Accounts receivable, net

37,464

23,423

Prepaid expenses and other current assets

22,364

22,859

Deferred commissions, current

19,931

18,380

Total current assets

220,350

256,663

Marketable securities, non-current

20,843

60,543

Property and equipment, net

18,884

18,632

Intangible assets, net

15,562

6,376

Goodwill

25,180

Restricted cash, non-current

850

Deferred commissions, non-current

38,318

35,135

Operating lease right-of-use assets

8,395

9,045

Other non-current assets

8,194

8,260

Total assets

356,576

420,684

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable

803

5,734

Accrued expenses

46,117

37,124

Deferred revenue

163,515

121,888

Total current liabilities

210,435

164,746

Operating lease liabilities, non-current

5,535

6,882

Non-current liabilities

4,408

3,710

Total liabilities

220,378

175,338

Stockholders’ equity:

Common stock

Additional paid-in capital

740,615

791,146

Accumulated other comprehensive income

(137

)

589

Accumulated deficit

(604,281

)

(546,390

)

Total stockholders’ equity

136,198

245,346

Total liabilities and stockholders’ equity

356,576

420,684

AMPLITUDE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Revenue

100,886

83,270

194,378

163,223

Cost of revenue (1)

31,784

22,812

56,993

43,016

Gross profit

69,102

60,458

137,385

120,207

Operating expenses:

Research and development (1)

33,656

24,094

58,977

47,627

Sales and marketing (1)

49,857

46,955

99,960

91,101

General and administrative (1)

18,647

16,503

34,828

32,771

Restructuring and other related charges (2)

2,116

—

2,934

—

Total operating expenses

104,276

87,552

196,699

171,499

Loss from operations

(35,174

)

(27,094

)

(59,314

)

(51,292

)

Other income (expense), net

1,766

2,980

3,722

5,725

Loss before provision for (benefit from) income taxes

(33,408

)

(24,114

)

(55,592

)

(45,567

)

Provision for (benefit from) income taxes

1,209

554

2,299

1,332

Net loss

(34,617

)

(24,668

)

(57,891

)

(46,899

)

Net loss per share

Basic and diluted

(0.27

)

(0.19

)

(0.44

)

(0.36

)

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

Basic and diluted

129,380

131,364

131,331

130,534

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

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Cost of revenue

1,541

1,469

2,751

2,736

Research and development

9,292

8,657

15,701

16,163

Sales and marketing

10,409

9,740

18,795

17,559

General and administrative

5,563

4,639

9,519

8,644

Total stock-based compensation expense

26,805

24,505

46,766

45,102

(2) Six months ended June 30, 2026 amounts reflect a $0.8 million reclassification of restructuring expenses incurred in the first quarter of 2026 from Sales and Marketing and General and Administrative expenses to Restructuring and Other Related Charges.

AMPLITUDE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Cash flows provided by (used in) operating activities:

Net loss

(34,617

)

(24,668

)

(57,891

)

(46,899

)

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

Depreciation and amortization

3,304

2,374

6,062

4,659

Stock-based compensation expense

26,805

24,505

46,766

45,102

Non-cash operating lease costs

1,061

1,205

2,191

2,333

Other

1,241

351

1,987

605

Changes in operating assets and liabilities:

Accounts receivable

12,531

5,055

(5,178

)

(10,325

)

Prepaid expenses and other current assets

(1,641

)

(5,268

)

(476

)

(3,635

)

Deferred commissions

(3,014

)

(4,018

)

(4,733

)

(4,725

)

Other non-current assets

249

(1,017

)

(1,836

)

Accounts payable

(1,975

)

(239

)

(5,529

)

945

Accrued expenses

10,042

3,643

8,431

1,770

Deferred revenue

12,172

19,655

23,442

26,988

Operating lease liabilities

(575

)

(1,524

)

(1,167

)

(2,950

)

Net cash provided by (used in) operating activities

25,583

20,054

13,971

12,032

Cash flows provided by (used in) investing activities:

Cash received from maturities of marketable securities

10,200

14,458

36,200

23,008

Cash received from sale of marketable securities

34,727

—

56,778

—

Purchase of marketable securities

(6,055

)

(30,778

)

(10,212

)

(64,513

)

Purchase of property and equipment

(1,240

)

(538

)

(1,675

)

(977

)

Capitalization of internal-use software costs

(604

)

(1,348

)

(1,736

)

(2,113

)

Issuance of bridge loan

—

(186

)

—

Cash paid for acquisitions, net of cash acquired

—

(400

)

—

(400

)

Net cash provided by (used in) investing activities

37,028

(18,606

)

79,169

(44,995

)

Cash flows provided by (used in) financing activities:

Proceeds from the exercise of stock options

421

591

880

2,120

Cash received for tax withholding obligations on equity award settlements

302

766

1,680

Cash paid for tax withholding obligations on equity award settlements

(7,112

)

(11,318

)

(12,516

)

(20,315

)

Repurchase of common stock

(68,733

)

(2,537

)

(89,461

)

(2,537

)

Cash paid for acquisition holdback

(100

)

—

(100

)

—

Net cash provided by (used in) financing activities

(75,425

)

(12,962

)

(100,431

)

(19,052

)

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

(12,814

)

(11,514

)

(7,291

)

(52,015

)

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

87,492

132,058

81,969

172,559

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

74,678

120,544

74,678

120,544

AMPLITUDE, INC.

Reconciliation of GAAP to Non-GAAP Data

(In thousands, except percentages and per share amounts)

(unaudited)

Three Months Ended

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Reconciliation of gross profit and gross margin

GAAP gross profit

69,102

60,458

137,385

120,207

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

1,541

1,469

2,751

2,736

Plus: amortization of acquired intangible assets

713

187

1,170

369

Non-GAAP gross profit

71,356

62,114

141,306

123,312

GAAP gross margin

68.5

72.6

70.7

73.6

Non-GAAP adjustments

2.2

2.0

1.9

Non-GAAP gross margin

70.7

74.6

72.7

75.5

Reconciliation of operating expenses

GAAP research and development

33,656

24,094

58,977

47,627

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

(9,580

)

(9,031

)

(16,304

)

(17,110

)

Less: acquisition-related costs

(3,220

)

—

(3,220

)

—

Non-GAAP research and development

20,856

15,063

39,453

30,517

GAAP research and development as percentage of revenue

33.4

28.9

30.3

29.2

Non-GAAP research and development as percentage of revenue

20.7

18.1

20.3

18.7

GAAP sales and marketing

49,857

46,955

99,960

91,101

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

(10,588

)

(10,018

)

(19,033

)

(18,176

)

Less: amortization of acquired intangible assets

(296

)

(125

)

(357

)

(247

)

Non-GAAP sales and marketing

38,973

36,812

80,570

72,678

GAAP sales and marketing as percentage of revenue

49.4

56.4

51.4

55.8

Non-GAAP sales and marketing as percentage of revenue

38.6

44.2

41.5

44.5

GAAP general and administrative

18,647

16,503

34,828

32,771

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

(5,669

)

(4,789

)

(9,788

)

(9,062

)

Non-GAAP general and administrative

12,978

11,714

25,040

23,709

GAAP general and administrative as percentage of revenue

18.5

19.8

17.9

20.1

Non-GAAP general and administrative as percentage of revenue

12.9

14.1

12.9

14.5

Reconciliation of operating loss and operating margin

GAAP loss from operations

(35,174

)

(27,094

)

(59,314

)

(51,292

)

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

27,378

25,307

47,877

47,084

Plus: amortization of acquired intangible assets

1,008

312

1,526

616

Plus: acquisition-related costs

3,220

—

3,220

—

Plus: restructuring and other related charges

2,116

—

2,934

—

Non-GAAP income (loss) from operations

(1,452

)

(1,475

)

(3,757

)

(3,592

)

GAAP operating margin

(34.9

(32.5

(30.5

(31.4

Non-GAAP adjustments

33.4

30.8

28.6

29.2

Non-GAAP operating margin

(1.4

(1.8

(1.9

(2.2

Reconciliation of net income (loss)

GAAP net income (loss)

(34,617

)

(24,668

)

(57,891

)

(46,899

)

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

27,378

25,307

47,877

47,084

Plus: amortization of acquired intangible assets

1,008

312

1,526

616

Plus: acquisition-related costs

3,220

—

3,220

—

Plus: restructuring and other related charges

2,116

—

2,934

—

Non-GAAP net income (loss)

(895

)

951

(2,334

)

801

Reconciliation of net income (loss) per share

GAAP net income (loss) per share, basic

(0.27

)

(0.19

)

(0.44

)

(0.36

)

Non-GAAP adjustments to net income (loss)

0.26

0.20

0.42

0.37

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

(0.01

)

0.01

(0.02

)

0.01

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

(0.01

)

0.01

(0.02

)

0.01

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

129,380

131,364

131,331

130,534

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

129,380

140,210

131,331

139,804

Note: Six months ended June 30, 2026 amounts reflect a $0.8 million reclassification of restructuring expenses incurred in the first quarter of 2026 to conform with the current period presentation.

(1) For the three and six months ended June 30, 2026, the weighted average shares used in the GAAP and Non-GAAP per share calculation excludes 4.7 million shares and 7.4 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

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

Net cash provided by (used in) operating activities

25,583

20,054

13,971

12,032

Less:

Purchases of property and equipment

(1,240

)

(538

)

(1,675

)

(977

)

Capitalization of internal-use software costs

(604

)

(1,348

)

(1,736

)

(2,113

)

Free cash flow

23,739

18,168

10,560

8,942

Net cash provided by (used in) operating activities margin

25.4

24.1

7.2

7.4

Non-GAAP adjustments

(1.8

(2.3

(1.8

(1.9

Free cash flow margin

23.6

21.8

5.4

5.5

Note: Certain figures may not sum due to rounding.

AMPLITUDE, INC.

Historicals - Key Business Metrics

(In millions, except percentages)

(unaudited)

March 31,

2025

June 30,

2025

September 30,

2025

December 31, 2025

March 31,

2026

June 30,

2026

Annual Recurring Revenue (ARR)

320

335

347

366

374

410

Dollar-based Net Retention Rate (NRR)

101

104

105

106

103

Dollar-based Net Retention Rate (NRR TTM)

102

104

105

Note: For the quarter ended June 30, 2026, Pro Forma NRR and Pro Forma NRR TTM were 105%, respectively.

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