Amplitude Announces Fourth Quarter and Fiscal Year 2024 Financial Results
Amplitude announced its financial results for Q4 and FY 2024, highlighting a strong performance and growth in key metrics.
Annual Recurring Revenue (ARR) reached $312 million, marking an 11% increase year-over-year. The remaining performance obligations rose 29% to $308.6 million. Q4 revenue was $78.1 million, up 9% year-over-year.
Q4 Cash Flow from Operations was $3.2 million, an increase of $0.9 million year-over-year, while Free Cash Flow remained steady at $1.5 million. The number of customers with ARR over $100,000 increased by 16% to 591.
However, the GAAP Net Loss per share widened to $0.26, compared to a loss of $0.16 per share in Q4 2023. The Non-GAAP Net Income per share was $0.02, down from $0.04 per share in the prior year.
Significant achievements included the acquisition of Command AI and the release of Guides and Surveys for improved in-product guidance. Amplitude was also awarded the 2024 AWS Partner of the Year for Innovation in Digital Experiences.
The company provided a cautious financial outlook for Q1 and FY 2025, citing uncertainties and risks related to market conditions and operational history.
Amplitude ha annunciato i risultati finanziari per il Q4 e l'anno fiscale 2024, evidenziando una performance forte e una crescita in metriche chiave.
Il Ricavo Annuale Ricorrente (ARR) ha raggiunto i 312 milioni di dollari, segnando un aumento dell'11% rispetto all'anno precedente. Le obbligazioni di performance residue sono aumentate del 29% a 308,6 milioni di dollari. I ricavi del Q4 sono stati di 78,1 milioni di dollari, con un incremento del 9% su base annua.
Il Flusso di Cassa Operativo del Q4 è stato di 3,2 milioni di dollari, un incremento di 0,9 milioni di dollari rispetto all'anno precedente, mentre il Flusso di Cassa Libero è rimasto stabile a 1,5 milioni di dollari. Il numero di clienti con ARR superiore a 100.000 dollari è aumentato del 16% a 591.
Tuttavia, la Perdita Netta GAAP per azione è aumentata a 0,26 dollari, rispetto a una perdita di 0,16 dollari per azione nel Q4 2023. Il Reddito Netto Non-GAAP per azione è stato di 0,02 dollari, in calo rispetto a 0,04 dollari per azione nell'anno precedente.
Tra i risultati significativi vi sono stati l'acquisizione di Command AI e il rilascio di Guide e Sondaggi per un miglioramento della guida in prodotto. Amplitude è stata anche premiata come Partner dell'Anno AWS 2024 per l'Innovazione nelle Esperienze Digitali.
L'azienda ha fornito una prospettiva finanziaria cauta per il Q1 e l'anno fiscale 2025, citando incertezze e rischi legati alle condizioni di mercato e alla storia operativa.
Amplitude anunció sus resultados financieros para el Q4 y el año fiscal 2024, destacando un desempeño sólido y un crecimiento en métricas clave.
Los Ingresos Anuales Recurrentes (ARR) alcanzaron los 312 millones de dólares, marcando un aumento del 11% en comparación con el año anterior. Las obligaciones de rendimiento restantes aumentaron un 29% a 308,6 millones de dólares. Los ingresos del Q4 fueron de 78,1 millones de dólares, un incremento del 9% interanual.
El Flujo de Caja de Operaciones del Q4 fue de 3,2 millones de dólares, un aumento de 0,9 millones de dólares en comparación con el año anterior, mientras que el Flujo de Caja Libre se mantuvo estable en 1,5 millones de dólares. El número de clientes con ARR superior a 100,000 dólares aumentó un 16% a 591.
No obstante, la Pérdida Neta GAAP por acción se amplió a 0,26 dólares, en comparación con una pérdida de 0,16 dólares por acción en el Q4 de 2023. El Ingreso Neto No-GAAP por acción fue de 0,02 dólares, por debajo de 0,04 dólares por acción en el año anterior.
Logros significativos incluyeron la adquisición de Command AI y el lanzamiento de Guías y Encuestas para mejorar la orientación dentro del producto. Amplitude también fue galardonada como el Socio del Año de AWS 2024 por Innovación en Experiencias Digitales.
La empresa proporcionó una perspectiva financiera cautelosa para el Q1 y el año fiscal 2025, citando incertidumbres y riesgos relacionados con las condiciones del mercado y la historia operativa.
앰플리튜드(Amplitude)는 2024년 4분기 및 회계연도 재무 결과를 발표하며 주요 지표에서 강력한 성과와 성장을 강조했습니다.
연간 반복 수익(ARR)은 3억 1200만 달러에 도달하여 전년 대비 11% 증가했습니다. 남은 성과 의무는 29% 증가하여 3억 860만 달러에 달했습니다. 4분기 수익은 7810만 달러로, 전년 대비 9% 증가했습니다.
4분기 운영 현금 흐름은 320만 달러로, 전년 대비 90만 달러 증가했으며, 자유 현금 흐름은 150만 달러로 안정세를 유지했습니다. ARR이 10만 달러를 초과하는 고객 수는 16% 증가하여 591명이 되었습니다.
하지만 GAAP 기준 주당 순손실은 0.26달러로 확대되었으며, 이는 2023년 4분기 0.16달러의 손실과 비교됩니다. 비 GAAP 기준 주당 순이익은 0.02달러로, 전년도 0.04달러에서 감소했습니다.
중요한 성과로는 Command AI 인수와 제품 내 가이드를 개선하기 위한 가이드 및 설문조사의 출시가 포함됩니다. 앰플리튜드는 또한 2024년 AWS 파트너 혁신상을 수상했습니다.
회사는 2025년 1분기 및 회계연도에 대한 재무 전망을 신중하게 제시하며, 시장 상황 및 운영 이력과 관련된 불확실성과 위험을 언급했습니다.
Amplitude a annoncé ses résultats financiers pour le 4ème trimestre et l'exercice fiscal 2024, mettant en avant une performance solide et une croissance dans des indicateurs clés.
Les Revenus Annuels Répétés (ARR) ont atteint 312 millions de dollars, marquant une augmentation de 11 % par rapport à l'année précédente. Les obligations de performance restantes ont augmenté de 29 % pour atteindre 308,6 millions de dollars. Les revenus du 4ème trimestre s'élevaient à 78,1 millions de dollars, en hausse de 9 % par rapport à l'année précédente.
Le Flux de Trésorerie d'Exploitation du 4ème trimestre était de 3,2 millions de dollars, soit une augmentation de 0,9 million de dollars par rapport à l'année précédente, tandis que le Flux de Trésorerie Libre est resté stable à 1,5 million de dollars. Le nombre de clients avec un ARR supérieur à 100 000 dollars a augmenté de 16 % pour atteindre 591.
Cependant, la Pertes Nets GAAP par action s'est élargie à 0,26 dollar, contre une perte de 0,16 dollar par action au 4ème trimestre 2023. Le Revenu Net Non-GAAP par action était de 0,02 dollar, en baisse par rapport à 0,04 dollar par action l'année précédente.
Les réalisations significatives ont inclus l'acquisition de Command AI et le lancement de Guides et Sondages pour améliorer l'orientation dans le produit. Amplitude a également été récompensée comme Partenaire de l'Année AWS 2024 pour l'Innovation dans les Expériences Numériques.
L'entreprise a fourni une perspective financière prudente pour le 1er trimestre et l'exercice fiscal 2025, citant des incertitudes et des risques liés aux conditions du marché et à l'historique opérationnel.
Amplitude hat seine finanziellen Ergebnisse für das 4. Quartal und das Geschäftsjahr 2024 bekannt gegeben und dabei eine starke Leistung sowie Wachstum in wichtigen Kennzahlen hervorgehoben.
Jährlicher wiederkehrender Umsatz (ARR) erreichte 312 Millionen Dollar, was einem Anstieg von 11 % im Vergleich zum Vorjahr entspricht. Die verbleibenden Leistungsansprüche stiegen um 29 % auf 308,6 Millionen Dollar. Der Umsatz im 4. Quartal betrug 78,1 Millionen Dollar, was einem Anstieg von 9 % im Vergleich zum Vorjahr entspricht.
Der Cashflow aus der Betriebstätigkeit im 4. Quartal betrug 3,2 Millionen Dollar, ein Anstieg von 0,9 Millionen Dollar im Vergleich zum Vorjahr, während der freier Cashflow stabil bei 1,5 Millionen Dollar blieb. Die Anzahl der Kunden mit einem ARR von über 100.000 Dollar stieg um 16 % auf 591.
Die GAAP-Nettoverlust pro Aktie erweiterte sich jedoch auf 0,26 Dollar, verglichen mit einem Verlust von 0,16 Dollar pro Aktie im 4. Quartal 2023. Der Non-GAAP-Nettoeinkommen pro Aktie betrug 0,02 Dollar, ein Rückgang von 0,04 Dollar pro Aktie im Vorjahr.
Wesentliche Erfolge umfassten die Übernahme von Command AI und die Einführung von Leitfäden und Umfragen zur Verbesserung der Produktanleitungen. Amplitude wurde auch als Partner des Jahres 2024 von AWS für Innovation im digitalen Erlebnis ausgezeichnet.
Das Unternehmen gab einen vorsichtigen Finanzausblick für das 1. Quartal und das Geschäftsjahr 2025 ab und verwies auf Unsicherheiten und Risiken im Zusammenhang mit den Marktbedingungen und der betrieblichen Geschichte.
- Annual Recurring Revenue (ARR) increased by 11% year-over-year to $312 million.
- Remaining performance obligations grew 29% to $308.6 million.
- Q4 revenue rose 9% year-over-year to $78.1 million.
- Number of customers with ARR over $100,000 increased by 16% to 591.
- Cash Flow from Operations increased by $0.9 million year-over-year to $3.2 million.
- GAAP Net Loss per share increased to $0.26 from $0.16 in Q4 2023.
- Non-GAAP Net Income per share decreased to $0.02 from $0.04 in Q4 2023.
- Stock-based compensation expense rose significantly to $35.5 million in Q4 2024 from $23.6 million in Q4 2023.
Insights
Amplitude's Q4 2024 results reveal a company in transition, with several noteworthy developments for investors. The 29% growth in remaining performance obligations to $308.6M significantly outpaces the 11% ARR growth, suggesting stronger future revenue recognition potential despite current growth deceleration.
The company's enterprise strategy is gaining traction, evidenced by the 16% increase in high-value customers. This shift toward larger clients typically indicates more stable recurring revenue and higher lifetime value, though it may also explain the slower overall growth rate as enterprise sales cycles are longer.
Financial efficiency is improving, with positive free cash flow of $1.5M and operating cash flow of $3.2M. However, the substantial increase in stock-based compensation from
The acquisition of Command AI and new product releases (Guides and Surveys) demonstrate Amplitude's commitment to platform expansion, potentially creating new revenue streams and increasing customer stickiness. The AWS Partner of the Year award validates the company's technical capabilities and could enhance enterprise customer acquisition efforts.
While the growth rate has moderated, the combination of improving cash flow, expanding enterprise presence, and growing contractual commitments suggests Amplitude is successfully transitioning from a high-growth to a more sustainable business model, though investors should monitor stock-based compensation levels and enterprise customer acquisition costs.
-
Annual Recurring Revenue was
$312 million 11% year-over-year -
Remaining performance obligations of
$308.6 million 29% year-over-year -
Fourth quarter revenue of
$78.1 million 9% year-over-year -
Fourth quarter Cash Flow from Operations of
$3.2 million $1.5 million
"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
|
|
Fourth
|
|
Y/Y
|
|
Annual Recurring Revenue |
|
|
|
|
|
|
Revenue |
|
|
|
|
|
|
GAAP Loss from Operations |
|
|
|
|
|
|
Non-GAAP Income (Loss) from Operations |
|
|
|
|
|
|
GAAP Net Loss Per Share, Basic and Diluted |
|
|
|
|
|
|
Non-GAAP Net Income (Loss) Per Share, Diluted |
|
|
|
|
|
|
Net Cash Provided by (Used in) Operating Activities |
|
|
|
|
|
|
Free Cash Flow |
|
|
|
|
|
|
Fiscal Year 2024 Financial Highlights: |
||||||
(in millions, except per share and percentage amounts) |
||||||
|
FY 2024 |
|
FY 2023 |
|
Y/Y Change |
|
Annual Recurring Revenue |
|
|
|
|
|
|
Revenue |
|
|
|
|
|
|
GAAP Loss from Operations |
|
|
|
|
|
|
Non-GAAP Income (Loss) from Operations |
|
|
|
|
|
|
GAAP Net Loss Per Share, Basic and Diluted |
|
|
|
|
|
|
Non-GAAP Net Income (Loss) Per Share, Diluted |
|
|
|
|
|
|
Net Cash Provided by (Used in) Operating Activities |
|
|
|
|
|
|
Free Cash Flow |
|
|
|
|
|
|
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
Fourth Quarter and Recent Business Highlights:
-
Annual Recurring Revenue was
$312 million 11% year-over-year and an increase of$13 million -
GAAP Net Loss per share was
$0.26 $0.16 -
Non-GAAP Net Income per share was
$0.02 $0.04 -
Cash Flow from Operations was
$3.2 million $0.9 million -
Free Cash Flow was
$1.5 million -
Number of customers greater than
$100,000 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 |
|
|
|
|
Non-GAAP Operating Income (Loss) |
|
|
|
|
Non-GAAP Net Income (Loss) Per Share, Diluted |
|
|
|
|
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
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
|
|
Year Ended
|
||||||||||||||
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
|
|
Year Ended
|
||||||||||||||
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
|
|
Year Ended
|
||||||||||||
|
|
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
|
|
Year Ended
|
||||||||||||
|
|
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
|
|
Year Ended
|
||||||||||||
|
|
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,
|
|
December 31,
|
|
March 31,
|
|
June 30,
|
|
September 30,
|
|
December 31,
|
||||||||||||
| 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
Source: Amplitude, Inc.
FAQ
What was Amplitude's Annual Recurring Revenue (ARR) for FY 2024?
How did Amplitude's Q4 2024 revenue perform year-over-year?
What is the significance of Amplitude's remaining performance obligations?
How did Amplitude's Cash Flow from Operations change in Q4 2024?
What was the GAAP Net Loss per share for Amplitude in Q4 2024?
What was Amplitude's Non-GAAP Net Income per share for Q4 2024?
How many customers with ARR over $100,000 did Amplitude have in Q4 2024?
What acquisitions and releases did Amplitude announce in Q4 2024?
