Amplitude, Inc.

Amplitude, Inc.

AMPLProductivity

Amplitude is a digital analytics and product intelligence platform.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
4.8x
+2.5x
ARR
$404M
+7.9%
YoY Growth
21.2%
+4.2pp
Market Cap
$1.9B
+104.1%
Revenue (Q)
$101M
+7.9%
Gross Margin
68.5%
-4.5pp
Op. Margin
-34.9%
-34.9pp
Rule of 40
-13.7
-5.2
Magic Number
0.58
+0.41

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jun 2026 quarter-end (2.4x).

Valuation by quarter

Current ARR Multiple: 2.4x· Forward at Q3 FY2026 guidance: 2.2x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

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AI Replacement RiskMODERATE
22/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
Data analyticsCategory baseline
mid base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration3/5
-1.6 risk

Company overview

Amplitude is a digital analytics and product intelligence platform. It helps companies understand user behavior, optimize product experiences, and drive growth through data. Spenser Skates and Curtis Liu founded it in 2012 in San Francisco. They built it to address the limitations of traditional web analytics by providing deep behavioral analytics designed for product, growth, and data teams.

The platform captures and analyzes user interactions across web, mobile, and connected devices. It shows how users navigate products, which features drive engagement, where they drop off, and what behaviors lead to retention and conversion. Unlike page-view tools like Google Analytics, Amplitude uses an event-based data model. It tracks individual user actions and supports complex behavioral cohort analysis, funnel optimization, retention analysis, and journey mapping.

The product suite has expanded beyond analytics. Amplitude Experiment integrates feature flagging and A/B testing with behavioral data. Amplitude CDP provides audience segmentation and data activation. Session Replay offers visual playback of user sessions linked to analytics. AI features include natural language querying, anomaly detection, and automated insight generation. These help teams find actionable patterns without needing deep analytical expertise.

More than 5,200 paying customers use the platform. Leading digital businesses across technology, media, e-commerce, financial services, and healthcare make up the base. Annual revenue is roughly $370 million with strong net dollar retention. Gross margins exceed 72%. Amplitude competes with Mixpanel, Google Analytics, and Heap. About 700 employees work across the company.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearDec 31
IncorporatedDelaware
Phone(415) 231-2353
Address201 THIRD STREET, SUITE 200, SAN FRANCISCO, CA, 94103
Mailing address201 THIRD STREET, SUITE 200, SAN FRANCISCO, CA, 94103
EIN00-0000000
Entity typeoperating
SEC industry framework06 Technology

SaaS KPIs

Reported in at least 3 quarters

Free Cash Flow Margin

20 quarters
23.6%
Q2 FY2026+37.7pp

Non-GAAP Operating Margin

20 quarters
(1.4)%
Q2 FY2026+1.9pp

Paying Customers

20 quarters
~5,200
Q2 FY2026+6.1%

Free Cash Flow

19 quarters
$23.7M
Q2 FY2026-279.5%

Remaining Performance Obligations

13 quarters
$427.4M
Q1 FY2026+2.3%

Dollar-Based Net Retention Rate

12 quarters
106%
Q1 FY2026+2.0pp

Management outlook

Given with Q2 FY2026 results (Jun 2026)
ReportedGuidance

Guided revenue, Q3 FY2026$105.6M – $108.0M
Midpoint$106.8M
Growth vs Q2 FY2026+5.9%
Growth vs Q3 FY2025+20.6%
Q3 2026
Non-GAAP Operating Income$2.5 - $4.5 million
Non-GAAP Net Income Per Share, diluted$0.02 - $0.03
Weighted Average Shares Outstanding133.0 million, diluted
Full Year 2026
Revenue$407.2 - $411.2 million
Non-GAAP Operating Income$6.3 - $9.3 million
Non-GAAP Net Income Per Share, diluted$0.06 - $0.08
Weighted Average Shares Outstanding137.1 million, diluted

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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