- Annual Recurring Revenue was $312 million, up 11%
year-over-year
- Remaining performance obligations of $308.6 million, up 29%
year-over-year
- Fourth quarter revenue of $78.1 million, up 9%
year-over-year
- Fourth quarter Cash Flow from Operations of $3.2 million and
Free Cash Flow of $1.5 million
Amplitude, Inc. (Nasdaq: AMPL), the leading digital analytics
platform, today announced financial results for its fourth quarter
and fiscal year ended December 31, 2024.
"Amplitude closed 2024 strong. Our platform strategy is
resonating with customers, and we're making great progress with
enterprises," said Spenser Skates, CEO and co-founder of Amplitude.
"Every company needs three things: data they can trust, an
understanding of what customers are doing in the product, and ways
to take action. This is exactly what Amplitude delivers in one
integrated platform."
Fourth Quarter 2024 Financial
Highlights:
(in millions, except per share and
percentage amounts)
Fourth Quarter 2024
Fourth Quarter 2023
Y/Y Change
Annual Recurring Revenue
$312
$281
11%
Revenue
$78.1
$71.4
9%
GAAP Loss from Operations
$(35.5)
$(21.5)
$(14.0)
Non-GAAP Income (Loss) from Operations
$0.2
$2.3
$(2.1)
GAAP Net Loss Per Share, Basic and
Diluted
$(0.26)
$(0.16)
$(0.10)
Non-GAAP Net Income (Loss) Per Share,
Diluted
$0.02
$0.04
$(0.02)
Net Cash Provided by (Used in) Operating
Activities
$3.2
$2.3
$0.9
Free Cash Flow
$1.5
$1.5
$0.0
Fiscal Year 2024 Financial
Highlights:
(in millions, except per share and
percentage amounts)
FY 2024
FY 2023
Y/Y Change
Annual Recurring Revenue
$312
$281
11%
Revenue
$299.3
$276.3
8%
GAAP Loss from Operations
$(107.4)
$(102.5)
$(4.9)
Non-GAAP Income (Loss) from Operations
$(4.0)
$(3.5)
$(0.5)
GAAP Net Loss Per Share, Basic and
Diluted
$(0.76)
$(0.77)
$0.01
Non-GAAP Net Income (Loss) Per Share,
Diluted
$0.06
$0.06
$0.00
Net Cash Provided by (Used in) Operating
Activities
$18.5
$25.6
$(7.1)
Free Cash Flow
$11.7
$22.4
$(10.7)
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, and non-recurring costs
such as restructuring and other related charges. Stock-based
compensation expense, exclusive of those related to our
restructuring, and the related employer payroll taxes were $35.5
million in the fourth quarter of 2024 compared to $23.6 million in
the fourth quarter of 2023, and $102.6 million in the full year
2024 compared to $89.5 million in the full year 2023. 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.
Fourth Quarter and Recent Business Highlights:
- Annual Recurring Revenue was $312 million, an increase of 11%
year-over-year and an increase of $13 million compared to the third
quarter of 2024.
- GAAP Net Loss per share was $0.26, based on 127.8 million
shares, compared to a loss of $0.16 per share, based on 119.2
million shares, in the fourth quarter of 2023.
- Non-GAAP Net Income per share was $0.02, based on 135.7 million
diluted shares, compared to $0.04 per share, based on 129.2 million
diluted shares, in the fourth quarter of 2023.
- Cash Flow from Operations was $3.2 million, a $0.9 million
increase year-over-year.
- Free Cash Flow was $1.5 million with no change
year-over-year.
- Number of customers greater than $100,000 in ARR increased to
591, or 16% year-over-year growth.
- Acquired Command AI and released Guides and Surveys to make
in-product guidance more timely, personalized, and effective.
- Awarded 2024 AWS Partner of the Year for Innovation in Digital
Experiences.
Financial Outlook:
The first 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 first quarter and full year 2025, the Company
expects:
First Quarter 2025
Full Year 2025
Revenue
$78.5 - $80.5 million
$324.8 - $330.8 million
Non-GAAP Operating Income (Loss)
$(5.5) - $(3.5) million
$(3.5) - $4.5 million
Non-GAAP Net Income (Loss) Per Share,
Diluted
$(0.03) - $(0.01)
$0.05 - $0.10
Weighted Average Shares Outstanding
130.0 million, basic
142.1 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 fourth quarter and fiscal year ended
December 31, 2024, as well as the financial outlook for its first
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 first quarter and full year 2025, 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, 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 Annual Report on Form 10-K 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 weighted 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 a leading digital analytics platform that helps
companies unlock the power of their products. Over 3,800 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 Winter
2024 Report. Learn how to optimize your digital products and
business at amplitude.com.
AMPLITUDE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands) December 31, 2024 December
31, 2023 Assets Current assets: Cash and cash
equivalents
$
171,678
$
248,491
Restricted cash, current
881
—
Marketable securities, current
69,419
73,909
Accounts receivable, net
26,346
29,496
Prepaid expenses and other current assets
20,353
16,624
Deferred commissions, current
14,954
11,444
Total current assets
303,631
379,964
Marketable securities, noncurrent
57,242
—
Property and equipment, net
16,333
10,068
Intangible assets, net
4,364
609
Goodwill
24,370
4,073
Restricted cash, noncurrent
—
869
Deferred commissions, noncurrent
27,697
26,942
Operating lease right-of-use assets
5,286
6,856
Other noncurrent assets
6,988
4,303
Total assets
$
445,911
$
433,684
Liabilities and Stockholders' Equity Current liabilities: Accounts
payable
$
991
$
3,063
Accrued expenses
33,851
26,657
Deferred revenue
109,671
102,573
Total current liabilities
144,513
132,293
Operating lease liabilities, noncurrent
1,772
3,604
Noncurrent liabilities
3,070
3,034
Total liabilities
149,355
138,931
Stockholders’ equity: Common stock
1
1
Additional paid-in capital
754,398
658,463
Accumulated other comprehensive income (loss)
6
(181
)
Accumulated deficit
(457,849
)
(363,530
)
Total stockholders’ equity
296,556
294,753
Total liabilities and stockholders’ equity
$
445,911
$
433,684
AMPLITUDE, INC. CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS (In thousands, except per share amounts)
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
(unaudited)
(unaudited)
Revenue
$
78,131
$
71,403
$
299,272
$
276,284
Cost of revenue (1)
19,806
18,265
76,924
71,923
Gross profit
58,325
53,138
222,348
204,361
Operating expenses: Research and development (1)
$
34,430
$
22,198
$
97,565
$
90,138
Sales and marketing (1)
42,482
37,780
168,306
153,714
General and administrative (1)
16,918
14,749
63,860
54,887
Restructuring and other related charges (1)
—
(52
)
—
8,142
Total operating expenses
93,830
74,675
329,731
306,881
Loss from operations
(35,505
)
(21,537
)
(107,383
)
(102,520
)
Other income (expense), net
3,333
3,537
14,855
13,426
Loss before provision for (benefit from) income taxes
(32,172
)
(18,000
)
(92,528
)
(89,094
)
Provision for (benefit from) income taxes
418
543
1,791
1,269
Net loss
$
(32,590
)
$
(18,543
)
$
(94,319
)
$
(90,363
)
Net loss per share Basic and diluted
$
(0.26
)
$
(0.16
)
$
(0.76
)
$
(0.77
)
Weighted-average shares used in calculating net loss per share:
Basic and diluted
127,759
119,246
123,900
116,938
(1) Amounts include stock-based compensation expense as
follows:
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
(unaudited)
(unaudited)
Cost of revenue
$
1,891
$
1,874
$
6,472
$
7,300
Research and development
20,316
9,470
44,421
36,643
Sales and marketing
8,268
7,727
32,119
29,404
General and administrative
4,630
4,209
17,007
14,085
Restructuring and other related charges
—
—
—
853
Total stock-based compensation expense
$
35,105
$
23,280
$
100,019
$
88,285
AMPLITUDE, INC.
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(In thousands)
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
(unaudited)
(unaudited)
Cash flows from operating activities: Net loss
$
(32,590
)
$
(18,543
)
$
(94,319
)
$
(90,363
)
Adjustments to reconcile net loss to net cash provided by (used in)
operating activities Depreciation and amortization
1,970
1,420
6,107
5,620
Stock-based compensation expense
35,105
23,280
100,019
88,285
Other
316
633
283
(301
)
Non-cash operating lease costs
1,038
969
3,985
3,917
Changes in operating assets and liabilities: Accounts receivable
2,908
2,328
2,205
(8,448
)
Prepaid expenses and other current assets
4,911
3,076
(2,324
)
3,711
Deferred commissions
(2,047
)
(976
)
(4,264
)
(1,670
)
Other noncurrent assets
450
263
(3,181
)
2,050
Accounts payable
(1,680
)
(3,256
)
(1,987
)
2,498
Accrued expenses
(77
)
793
10,516
11,873
Deferred revenue
(5,979
)
(6,447
)
6,354
12,580
Operating lease liabilities
(1,169
)
(1,219
)
(4,888
)
(4,122
)
Net cash provided by (used in) operating activities
3,156
2,321
18,506
25,630
Cash flows provided by (used in) investing activities: Cash
received from maturities of marketable securities
2,500
12,500
93,750
12,500
Purchase of marketable securities
(127,918
)
—
(146,270
)
—
Purchase of property and equipment
(746
)
(284
)
(1,725
)
(1,279
)
Capitalization of internal-use software costs
(883
)
(555
)
(5,053
)
(1,904
)
Cash paid for acquisitions, net of cash acquired
(16,068
)
—
(16,068
)
—
Net cash provided by (used in) investing activities
(143,115
)
11,661
(75,366
)
9,317
Cash flows provided by (used in) financing activities: Proceeds
from the exercise of stock options
903
1,050
6,506
4,619
Cash received for tax withholding obligations on equity award
settlements
355
397
4,578
13,427
Cash paid for tax withholding obligations on equity award
settlements
(7,066
)
(5,459
)
(31,025
)
(22,334
)
Repurchase of unvested stock options
—
—
—
(648
)
Net cash provided by (used in) financing activities
(5,808
)
(4,012
)
(19,941
)
(4,936
)
Net increase (decrease) in cash, cash equivalents, and restricted
cash
(145,767
)
9,970
(76,801
)
30,011
Cash, cash equivalents, and restricted cash at beginning of the
period
318,326
239,390
249,360
219,349
Cash, cash equivalents, and restricted cash at end of the period
$
172,559
$
249,360
$
172,559
$
249,360
AMPLITUDE, INC.
Reconciliation of GAAP to
Non-GAAP Data
(In thousands, except
percentages and per share amounts)
(unaudited)
Three Months Ended December
31,
Year Ended December
31,
2024
2023
2024
2023
Reconciliation of gross profit and gross margin GAAP gross
profit
$
58,325
$
53,138
$
222,348
$
204,361
Plus: stock-based compensation expense and related employer payroll
taxes
1,891
1,874
6,472
7,300
Plus: amortization of acquired intangible assets
158
273
490
1,238
Non-GAAP gross profit
$
60,374
$
55,285
$
229,310
$
212,899
GAAP gross margin
74.7
%
74.4
%
74.3
%
74.0
%
Non-GAAP adjustments
2.6
%
3.0
%
2.3
%
3.1
%
Non-GAAP gross margin
77.3
%
77.4
%
76.6
%
77.1
%
Reconciliation of operating expenses GAAP research and
development
$
34,430
$
22,198
$
97,565
$
90,138
Less: stock-based compensation expense and related employer payroll
taxes
(20,479
)
(9,591
)
(45,644
)
(37,519
)
Non-GAAP research and development
$
13,951
$
12,607
$
51,921
$
52,619
GAAP research and development as percentage of revenue
44.1
%
31.1
%
32.6
%
32.6
%
Non-GAAP research and development as percentage of revenue
17.9
%
17.7
%
17.3
%
19.0
%
GAAP sales and marketing
$
42,482
$
37,780
$
168,306
$
153,714
Less: stock-based compensation expense and related employer payroll
taxes
(8,394
)
(7,854
)
(33,015
)
(30,206
)
Less: amortization of acquired intangible assets
(113
)
(44
)
(244
)
(175
)
Non-GAAP sales and marketing
$
33,975
$
29,882
$
135,047
$
123,333
GAAP sales and marketing as percentage of revenue
54.4
%
52.9
%
56.2
%
55.6
%
Non-GAAP sales and marketing as percentage of revenue
43.5
%
41.8
%
45.1
%
44.6
%
GAAP general and administrative
$
16,918
$
14,749
$
63,860
$
54,887
Less: stock-based compensation expense and related employer payroll
taxes
(4,709
)
(4,270
)
(17,514
)
(14,447
)
Non-GAAP general and administrative
$
12,209
$
10,479
$
46,346
$
40,440
GAAP general and administrative as percentage of revenue
21.7
%
20.7
%
21.3
%
19.9
%
Non-GAAP general and administrative as percentage of revenue
15.6
%
14.7
%
15.5
%
14.6
%
Reconciliation of operating loss and operating margin GAAP
loss from operations
$
(35,505
)
$
(21,537
)
$
(107,383
)
$
(102,520
)
Plus: stock-based compensation expense and related employer payroll
taxes
35,473
23,589
102,645
89,472
Plus: amortization of acquired intangible assets
271
317
734
1,413
Plus: restructuring and other related charges
—
(52
)
—
8,142
Non-GAAP income (loss) from operations
$
239
$
2,317
$
(4,004
)
$
(3,493
)
GAAP operating margin
(45.4
%)
(30.2
%)
(35.9
%)
(37.1
%)
Non-GAAP adjustments
45.7
%
33.4
%
34.5
%
35.8
%
Non-GAAP operating margin
0.3
%
3.2
%
(1.3
%)
(1.3
%)
Reconciliation of net income (loss) GAAP net income (loss)
$
(32,590
)
$
(18,543
)
$
(94,319
)
$
(90,363
)
Plus: stock-based compensation expense and related employer payroll
taxes
35,473
23,589
102,645
89,472
Plus: amortization of acquired intangible assets
271
317
734
1,413
Plus: restructuring and other related charges
—
(52
)
—
8,142
Less: income tax effect of non-GAAP adjustments
(152
)
(578
)
(571
)
(708
)
Non-GAAP net income (loss)
$
3,002
$
4,733
$
8,489
$
7,956
Reconciliation of net income (loss) per share GAAP net
income (loss) per share, basic
$
(0.26
)
$
(0.16
)
$
(0.76
)
$
(0.77
)
Non-GAAP adjustments to net income (loss)
0.28
0.20
0.83
0.84
Non-GAAP net income (loss) per share, basic
$
0.02
$
0.04
$
0.07
$
0.07
Non-GAAP net income (loss) per share, diluted
$
0.02
$
0.04
$
0.06
$
0.06
Weighted-average shares used in GAAP and non-GAAP per share
calculation, basic
127,759
119,246
123,900
116,938
Weighted-average shares used in GAAP and non-GAAP per share
calculation, diluted(1)
135,714
129,158
131,973
127,364
Note: Certain figures may not sum due to rounding (1) For the three
and twelve months ended December 31, 2024 and for the three and
twelve months ended December 31, 2023, the weighted average shares
used in the GAAP per share calculation excludes 8.0 million shares,
8.1 million shares, 9.9 million shares, and 10.4 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 December
31,
Year Ended December
31,
2024
2023
2024
2023
Net cash provided by (used in) operating activities
$
3,156
$
2,321
$
18,506
$
25,630
Less: Purchases of property and equipment
(746
)
(284
)
(1,725
)
(1,279
)
Capitalization of internal-use software costs
(883
)
(555
)
(5,053
)
(1,904
)
Free cash flow
$
1,527
$
1,482
$
11,728
$
22,447
Net cash provided by (used in) operating activities margin
4.0
%
3.3
%
6.2
%
9.3
%
Non-GAAP adjustments
(2.1
%)
(1.2
%)
(2.3
%)
(1.2
%)
Free cash flow margin
2.0
%
2.1
%
3.9
%
8.1
%
Note: Certain figures may not sum due to rounding
AMPLITUDE, INC.
Historicals - Key Business
Metrics
(In millions, except
percentages)
(unaudited)
September 30, 2023
December 31, 2023
March 31, 2024
June 30, 2024
September 30, 2024
December 31, 2024
Annual Recurring Revenue (ARR)
$
273
$
281
$
285
$
290
$
298
$
312
Dollar-based Net Retention Rate (NRR)
99
%
98
%
97
%
96
%
98
%
100
%
Dollar-based Net Retention Rate (NRR TTM)
105
%
101
%
99
%
98
%
97
%
97
%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250218176149/en/
Investor Relations John Streppa ir@amplitude.com Media Contact
Darah Easton press@amplitude.com
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