Amplitude Q3 2026 net loss widens to $24.5M

Amplitude's fourth-quarter 2026 revenue outlook is $110.8 million to $113.2 million, alongside $7.0 million to $9.0 million in non-GAAP operating income.

Available on EDGAR 11/04/2026 - 04:08 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:07 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Amplitude, Inc. (AMPL) reported third-quarter 2026 revenue of $110.6 million, up 25% year over year. Annual recurring revenue was $431 million, up 24%, and remaining performance obligations were $497 million, up 27%.

Net cash provided by operations was $7.1 million versus $5.0 million; free cash flow was $5.8 million versus $3.4 million. GAAP net loss was $24.5 million, compared with $24.0 million, and GAAP net loss per share was $(0.19), compared with $(0.18). Non-GAAP operating income was $5.7 million versus $0.6 million. Non-GAAP measures exclude stock-based compensation and related payroll taxes, acquired-intangible amortization, acquisition-related costs and specified non-recurring expenses.

For Q4 2026, Amplitude expects revenue of $110.8 million to $113.2 million and non-GAAP operating income of $7.0 million to $9.0 million. Full-year revenue outlook is $415.8 million to $418.2 million, with non-GAAP operating income of $8.9 million to $10.9 million. The outlook is based on current estimates and is not a guarantee. Agent Analytics became generally available in August, and Headless Amplitude was introduced in September.

3 points · 0 major

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Positive

• Moderate pointRevenue increased 25% to $110.6 million year over year.
• Moderate pointAnnual recurring revenue rose 24% to $431 million year over year.
• Moderate pointNon-GAAP operating income reached $5.7 million, versus $0.6 million a year earlier.

Negative

• None.

Filing Explained

At September 30, 2026, Amplitude reported cash and cash equivalents of $58,856 thousand, current marketable securities of $81,660 thousand and non-current marketable securities of $13,771 thousand; at December 31, 2025, those balances were $81,119 thousand, $110,882 thousand and $60,543 thousand, respectively.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Revenue: $110.6 million Annual recurring revenue: $431 million Remaining performance obligations: $497 million +5 more

8 metrics

Revenue $110.6 million Third quarter 2026; up 25% year over year

Annual recurring revenue $431 million Third quarter 2026; up 24% year over year

Remaining performance obligations $497 million Third quarter 2026; up 27% year over year

Net cash provided by operating activities $7.1 million Third quarter 2026; $5.0 million in third quarter 2025

Free cash flow $5.8 million Third quarter 2026; $3.4 million in third quarter 2025

GAAP net loss per share $(0.19) Third quarter 2026; $(0.18) in third quarter 2025

Non-GAAP income from operations $5.7 million Third quarter 2026; $0.6 million in third quarter 2025

Fourth-quarter 2026 revenue outlook $110.8 million to $113.2 million Current estimate

Key Terms

Annual Recurring Revenue, Remaining Performance Obligations, Dollar-Based Net Retention Rate, Model Context Protocol

4 terms

Annual Recurring Revenue financial

"Annual Recurring Revenue (“ARR”)"

Annual recurring revenue is the predictable amount of money a company expects to earn each year from ongoing customer subscriptions or contracts. It helps businesses understand how much steady income they can count on, much like a subscription service that charges customers every month or year. This figure is important because it shows the company's stability and growth potential.

Remaining Performance Obligations financial

"Remaining Performance Obligations of $497 million"

Remaining performance obligations are the work a company still needs to complete for its customers, like finishing a service or delivering a product. It’s important because it shows how much future income the company has coming in from current agreements, giving a clearer picture of its ongoing business.

Dollar-Based Net Retention Rate financial

"Dollar-Based Net Retention Rate"

Dollar-based net retention rate measures how much recurring revenue a company keeps and grows from its existing customers over a set period, after accounting for upgrades, downgrades, and churn. Think of it like checking whether a group of current customers are spending more, the same, or less this year compared with last year; investors use it as a thermometer for revenue health and the business’s ability to expand sales without finding new customers.

Model Context Protocol technical

"an improved Model Context Protocol (MCP) server"

A model context protocol is a set of rules or guidelines that determine how a financial model interprets and applies information within a specific situation. It helps ensure consistent and accurate analysis by clarifying what data or assumptions are relevant in a given scenario. For investors, it provides clarity on how predictions or assessments are made, increasing confidence in decision-making.

Earnings Snapshot

Revenue: $110.6 million · Guidance included

Third quarter 2026

Revenue $110.6 million Up 25% year over year

Annual recurring revenue $431 million Up 24% year over year

Net cash provided by operating activities $7.1 million Increased $2.1 million year over year

Free cash flow $5.8 million Increased $2.4 million year over year

Non-GAAP income from operations $5.7 million Increased $5.1 million year over year

Guidance

Fourth-quarter 2026 revenue: $110.8 million to $113.2 million; non-GAAP operating income: $7.0 million to $9.0 million. Full-year 2026 revenue: $415.8 million to $418.2 million; non-GAAP operating income: $8.9 million to $10.9 million.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much revenue did AMPL report for the third quarter of 2026?

Amplitude reported $110.6 million in third-quarter revenue, up 25% year over year.

What is AMPL's 2026 revenue outlook?

Amplitude expects fourth-quarter 2026 revenue of $110.8 million to $113.2 million and full-year 2026 revenue of $415.8 million to $418.2 million. The outlook is based on current estimates and is not a guarantee.

How many AMPL customers have at least $100,000 in ARR?

855 customers had $100,000 or greater in ARR, an increase of 31% year over year.

What product updates did Amplitude announce?

Agent Analytics became generally available to all customers in August. Headless Amplitude was introduced in September and is available on every plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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0001866692false00018666922026-11-042026-11-04

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): November 4, 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 November 4, 2026, Amplitude, Inc. issued a press release announcing its financial results for the three and nine months ended September 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 November 4, 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: November 4, 2026				By:		/s/ Andrew Casey Name: Andrew Casey
						Title: Chief Financial Officer

Exhibit 99.1

Amplitude Announces Third Quarter 2026 Financial Results

•Annual Recurring Revenue of $431 million, up 24% year-over-year

•Remaining Performance Obligations of $497 million, up 27% year-over-year

•Third quarter revenue of $110.6 million, up 25% year-over-year

•Third quarter net cash provided by operations of $7.1 million and Free Cash Flow of $5.8 million

SAN FRANCISCO – November 4, 2026 – Amplitude, Inc. (Nasdaq: AMPL), a leading AI-powered platform, today announced financial results for its third quarter ended September 30, 2026.

"We continue to innovate on the bleeding edge and help our customers transform themselves into AI-powered product builders. The pace of building and shipping code continues to increase, but the context of what to build next continues to be the bottleneck. Amplitude, Statsig, and our AI products are helping companies bridge that gap to understand what to build next,” 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 growth with leverage achieving revenue growth of 25% with our highest non-GAAP operating margin in company history," said Andrew Casey, CFO of Amplitude. "We are focused on driving consolidation within enterprises with our platform and driving innovation with Statsig & AI products."

Third Quarter 2026 Financial Highlights:

(in millions, except per share and percentage amounts)

	Third Quarter 2026	Third Quarter 2025	Y/Y Change
Annual Recurring Revenue	$431	$347	24%
Revenue	$110.6	$88.6	25%
GAAP Loss from Operations	$(24.6)	$(25.7)	$1.1
Non-GAAP Income from Operations	$5.7	$0.6	$5.1
GAAP Net Loss Per Share, Basic and Diluted	$(0.19)	$(0.18)	$(0.01)
Non-GAAP Net Income Per Share, Diluted	$0.04	$0.02	$0.02
Net Cash provided by Operating Activities	$7.1	$5.0	$2.1
Free Cash Flow	$5.8	$3.4	$2.4

Non-GAAP income (loss) from operations and non-GAAP net income (loss) per share exclude stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, acquisition-related costs, and non-recurring costs such as impairment of capitalized software and restructuring and other related charges. Stock-based compensation expense and the related employer payroll taxes were $28.8 million in the third quarter of 2026 compared to $25.7 million in the third quarter of 2025. Amortization of acquired intangible assets was $1.2 million in the third quarter of 2026 compared to $0.5 million in the third quarter of 2025. Impairment of capitalized software was $0.3 million in the third quarter of 2026 compared to $0 in the third 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.

Third Quarter and Recent Business Highlights:

•Made Agent Analytics generally available to all customers in August, enabling teams to evaluate AI agent conversations, identify failure patterns, and connect agent performance to product outcomes such as conversion and retention.

•Introduced Headless Amplitude in September, bringing product and user context into AI tools such as Claude, ChatGPT, Codex, and Cursor. Available on every plan, Headless Amplitude combines an improved Model Context Protocol (MCP) server, a developer command-line interface, and service accounts for programmatic access.

•Highlighted a product learning workflow with GitHub in October that connects Amplitude Wave, currently in closed beta, with GitHub Copilot and Statsig. The workflow helps teams identify opportunities from user behavior, turn proposed improvements into code for review, and measure their impact through controlled experiments.

•Expanded Statsig’s Agent experimentation, enabling teams to configure and compare AI agent variants, evaluate their performance through offline and online evaluations, and use A/B tests to measure their impact on product and business outcomes.

•Annual Recurring Revenue was $431 million, an increase of 24% year-over-year and an increase of $84 million compared to the third quarter of 2025.

•GAAP Net loss per share was $(0.19), based on 126.0 million basic shares, compared to a loss of $(0.18) per share, based on 133.0 million basic shares, in the third quarter of 2025.

•Non-GAAP Net income per share was $0.04, based on 138.4 million diluted shares, compared to $0.02 net income per share, based on 143.2 million diluted shares, in the third quarter of 2025.

•Net cash provided by operating activities was $7.1 million, a $2.1 million increase year-over-year.

•Free Cash Flow was $5.8 million, a $2.4 million increase year-over-year.

•The number of customers with $100,000 or greater in ARR increased to 855, a 31% year-over-year growth.

Financial Outlook:

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

	Fourth Quarter 2026	Full Year 2026
Revenue	$110.8 - $113.2 million	$415.8 - $418.2 million
Non-GAAP Operating Income	$7.0 - $9.0 million	$8.9 - $10.9 million
Non-GAAP Net Income Per Share, diluted	$0.05 - $0.06	$0.07 - $0.09
Weighted Average Shares Outstanding	142.5 million, diluted	139.0 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 third quarter ended September 30, 2026, as well as the financial outlook for its fourth 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 fourth 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 stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, acquisition related cost, and non-recurring costs such as impairment of capitalized software and restructuring and other related charges. The Company excludes stock-based compensation expense, which is a non-cash expense, from certain of its non-GAAP financial measures because it believes that the exclusion provides meaningful supplemental information regarding operational performance. The Company excludes employer payroll tax expenses related to stock-based compensation, which are cash expenses, from certain of its non-GAAP financial measures because such expenses depend on the price of the Company’s common stock and other factors beyond the Company's control and do not correlate to the operation of the Company's business. The Company excludes

amortization of acquired intangible assets, which is a non-cash expense, associated with business combinations from certain of its non-GAAP financial measures because such expenses 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 impairment charges related to capitalized internal-use software, which are non-cash expenses and are not indicative of the Company’s ongoing operating performance. 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 insight into the Company's 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 a leading AI-powered platform, helping over 5,100 paying customers—including Atlassian, Replit, The Economist 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)

		September 30, 2026				December 31, 2025
		(unaudited)
Assets
Current assets:
Cash and cash equivalents		$	58,856			$	81,119
Restricted cash, current			52				—
Marketable securities, current			81,660				110,882
Accounts receivable, net			41,194				23,423
Prepaid expenses and other current assets			25,770				22,859
Deferred commissions, current			21,066				18,380
Total current assets			228,598				256,663
Marketable securities, non-current			13,771				60,543
Property and equipment, net			18,001				18,632
Intangible assets, net			14,344				6,376
Goodwill			25,180				25,180
Restricted cash, non-current			850				850
Deferred commissions, non-current			40,578				35,135
Operating lease right-of-use assets			7,473				9,045
Other non-current assets			7,877				8,260
Total assets		$	356,672			$	420,684
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable		$	7,975			$	5,734
Accrued expenses			45,582				37,124
Deferred revenue			166,001				121,888
Total current liabilities			219,558				164,746
Operating lease liabilities, non-current			4,521				6,882
Other non-current liabilities			4,716				3,710
Total liabilities			228,795				175,338
Stockholders’ equity:
Common stock			1				1
Additional paid-in capital			757,015				791,146
Accumulated other comprehensive income			(334	)			589
Accumulated deficit			(628,805	)			(546,390	)
Total stockholders’ equity			127,877				245,346
Total liabilities and stockholders’ equity		$	356,672			$	420,684

AMPLITUDE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(unaudited)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Revenue		$	110,644			$	88,564			$	305,023			$	251,788
Cost of revenue (1)			36,250				23,074				93,244				66,091
Gross profit			74,394				65,490				211,779				185,697
Operating expenses:
Research and development (1)			33,507				26,612				92,484				74,239
Sales and marketing (1)			48,296				48,306				148,256				139,407
General and administrative (1)			17,213				16,222				52,041				48,994
Restructuring and other related charges (2)			—				—				2,934				—
Total operating expenses			99,016				91,140				295,715				262,640
Loss from operations			(24,622	)			(25,650	)			(83,936	)			(76,943	)
Other income (expense), net			1,207				2,590				4,929				8,317
Loss before provision for (benefit from) income taxes			(23,415	)			(23,060	)			(79,007	)			(68,626	)
Provision for (benefit from) income taxes			1,109				926				3,408				2,259
Net loss		$	(24,524	)		$	(23,986	)		$	(82,415	)		$	(70,885	)
Net loss per share
Basic and diluted		$	(0.19	)		$	(0.18	)		$	(0.64	)		$	(0.54	)
Weighted-average shares used in calculating net loss per share:
Basic and diluted			125,988				132,997				129,530				131,364

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

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Cost of revenue		$	2,003			$	1,405			$	4,754			$	4,141
Research and development			10,524				9,131				26,225				25,294
Sales and marketing			10,054				10,034				28,849				27,593
General and administrative			5,120				4,546				14,639				13,190
Total stock-based compensation expense		$	27,701			$	25,116			$	74,467			$	70,218

(2) Nine months ended September 30, 2026 balance reflects 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 September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Cash flows provided by (used in) operating activities:
Net loss		$	(24,524	)		$	(23,986	)		$	(82,415	)		$	(70,885	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities
Depreciation and amortization			3,531				2,469				9,593				7,128
Stock-based compensation expense			27,701				25,116				74,467				70,218
Non-cash operating lease costs			1,056				999				3,247				3,332
Bad debt expense			343				108				872				89
Other			747				13				1,223				905
Changes in operating assets and liabilities:
Accounts receivable			(4,072	)			1,792				(9,250	)			(8,533	)
Prepaid expenses and other current assets			(3,175	)			1,420				(2,667	)			(2,483	)
Deferred commissions			(3,396	)			(2,261	)			(8,129	)			(6,986	)
Other non-current assets			316				774				382				(1,062	)
Accounts payable			7,284				3,593				1,755				4,538
Accrued expenses			(651	)			1,166				7,780				2,936
Deferred revenue			2,487				(5,125	)			25,929				21,863
Operating lease liabilities			(516	)			(1,121	)			(1,683	)			(4,071	)
Net cash provided by (used in) operating activities			7,131				4,957				21,104				16,989
Cash flows provided by (used in) investing activities:
Cash received from maturities of marketable securities			20,431				18,275				56,631				41,283
Cash received from sale of marketable securities			66				—				56,844				—
Purchase of marketable securities			(28,774	)			(35,807	)			(38,986	)			(100,320	)
Purchase of property and equipment			(505	)			(459	)			(2,180	)			(1,436	)
Capitalization of internal-use software costs			(808	)			(1,146	)			(2,545	)			(3,259	)
Issuance of bridge loan			—				—				(186	)			—
Cash paid for acquisitions, net of cash acquired			—				(2,694	)			—				(3,094	)
Net cash provided by (used in) investing activities			(9,590	)			(21,831	)			69,578				(66,826	)
Cash flows provided by (used in) financing activities:
Proceeds from the exercise of stock options			2,456				1,875				3,336				3,995
Cash received for tax withholding obligations on equity award settlements			2,649				1,523				3,415				3,203
Cash paid for tax withholding obligations on equity award settlements			(16,603	)			(12,216	)			(29,120	)			(32,530	)
Repurchase of common stock			—				(11,744	)			(89,461	)			(14,282	)
Excise tax paid on share repurchases			(663	)			—				(663	)			—
Cash paid for acquisition holdback			(300	)			—				(400	)			—
Net cash provided by (used in) financing activities			(12,461	)			(20,562	)			(112,893	)			(39,614	)
Net increase (decrease) in cash, cash equivalents, and restricted cash			(14,920	)			(37,436	)			(22,211	)			(89,451	)
Cash, cash equivalents, and restricted cash at beginning of the period			74,678				120,544				81,969				172,559
Cash, cash equivalents, and restricted cash at end of the period		$	59,758			$	83,108			$	59,758			$	83,108

AMPLITUDE, INC.

Reconciliation of GAAP to Non-GAAP Data

(In thousands, except percentages and per share amounts)

(unaudited)

	Three Months Ended September 30,								Nine Months Ended September 30,
	2026				2025				2026				2025
Reconciliation of gross profit and gross margin
GAAP gross profit	$	74,394			$	65,490			$	211,779			$	185,697
Plus: stock-based compensation expense and related employer payroll taxes		2,003				1,405				4,754				4,141
Plus: amortization of acquired intangible assets		636				376				1,806				746
Non-GAAP gross profit	$	77,033			$	67,271			$	218,339			$	190,584
GAAP gross margin		67.2	%			73.9	%			69.4	%			73.8	%
Non-GAAP adjustments		2.4	%			2.0	%			2.2	%			1.9	%
Non-GAAP gross margin		69.6	%			75.9	%			71.6	%			75.7	%
Reconciliation of operating expenses
GAAP research and development	$	33,507			$	26,612			$	92,484			$	74,239
Less: stock-based compensation expense and related employer payroll taxes		(10,922	)			(9,409	)			(27,227	)			(26,519	)
Less: amortization of acquired intangible assets		(167	)			—				(167	)			—
Less: acquisition-related costs		—				—				(3,220	)			—
Less: impairment of capitalized software		(300	)			—				(300	)			—
Non-GAAP research and development	$	22,118			$	17,203			$	61,570			$	47,720
GAAP research and development as percentage of revenue		30.3	%			30.0	%			30.3	%			29.5	%
Non-GAAP research and development as percentage of revenue		20.0	%			19.4	%			20.2	%			19.0	%
GAAP sales and marketing	$	48,296			$	48,306			$	148,256			$	139,407
Less: stock-based compensation expense and related employer payroll taxes		(10,493	)			(10,247	)			(29,526	)			(28,424	)
Less: amortization of acquired intangible assets		(414	)			(98	)			(771	)			(344	)
Non-GAAP sales and marketing	$	37,389			$	37,961			$	117,959			$	110,639
GAAP sales and marketing as percentage of revenue		43.6	%			54.5	%			48.6	%			55.4	%
Non-GAAP sales and marketing as percentage of revenue		33.8	%			42.9	%			38.7	%			43.9	%
GAAP general and administrative	$	17,213			$	16,222			$	52,041			$	48,994
Less: stock-based compensation expense and related employer payroll taxes		(5,338	)			(4,683	)			(15,126	)			(13,744	)
Non-GAAP general and administrative	$	11,875			$	11,539			$	36,915			$	35,250
GAAP general and administrative as percentage of revenue		15.6	%			18.3	%			17.1	%			19.5	%
Non-GAAP general and administrative as percentage of revenue		10.7	%			13.0	%			12.1	%			14.0	%
Reconciliation of operating loss and operating margin
GAAP loss from operations	$	(24,622	)		$	(25,650	)		$	(83,936	)		$	(76,943	)
Plus: stock-based compensation expense and related employer payroll taxes		28,755				25,744				76,633				72,828
Plus: amortization of acquired intangible assets		1,218				474				2,744				1,090
Plus: acquisition-related costs		—				—				3,220				—
Plus: restructuring and other related charges		—				—				2,934				—
Plus: impairment of capitalized software		300				—				300				—
Non-GAAP income (loss) from operations	$	5,651			$	568			$	1,895			$	(3,025	)
GAAP operating margin		(22.3	)%			(29.0	)%			(27.5	)%			(30.6	)%
Non-GAAP adjustments		27.4	%			29.6	%			28.1	%			29.4	%
Non-GAAP operating margin		5.1	%			0.6	%			0.6	%			(1.2	)%
Reconciliation of net income (loss)
GAAP net income (loss)	$	(24,524	)		$	(23,986	)		$	(82,415	)		$	(70,885	)
Plus: stock-based compensation expense and related employer payroll taxes		28,755				25,744				76,633				72,828
Plus: amortization of acquired intangible assets		1,218				474				2,744				1,090
Plus: acquisition-related costs		—				—				3,220				—
Plus: restructuring and other related charges		—				—				2,934				—
Plus: impairment of capitalized software		300				—				300				—
Non-GAAP net income (loss)	$	5,749			$	2,232			$	3,416			$	3,033
Reconciliation of net income (loss) per share
GAAP net loss per share, basic and diluted	$	(0.19	)		$	(0.18	)		$	(0.64	)		$	(0.54	)
Non-GAAP adjustments to net income		0.24				0.20				0.67				0.56
Non-GAAP net income (loss) per share, basic	$	0.05			$	0.02			$	0.03			$	0.02
Non-GAAP net income (loss) per share, diluted	$	0.04			$	0.02			$	0.02			$	0.02
Weighted-average shares used in GAAP and non-GAAP per share calculation, basic		125,988				132,997				129,530				131,364
Weighted-average shares used in GAAP and non-GAAP per share calculation, diluted		138,397				143,248				137,013				140,961

Note: Certain figures may not sum due to rounding.

Note: Nine months ended September 30, 2026 balance reflects a $0.8 million reclassification of restructuring expenses incurred in the first quarter of 2026 to conform with the current period presentation.

AMPLITUDE, INC.

Reconciliation of GAAP Cash Flows from Operations to Free Cash Flow

(In thousands, except percentages)

(unaudited)

		Three Months Ended September 30,								Nine Months Ended September 30,
		2026				2025				2026				2025
Net cash provided by (used in) operating activities		$	7,131			$	4,957			$	21,104			$	16,989
Less:
Purchases of property and equipment			(505	)			(459	)			(2,180	)			(1,436	)
Capitalization of internal-use software costs			(808	)			(1,146	)			(2,545	)			(3,259	)
Free cash flow		$	5,818			$	3,352			$	16,379			$	12,294
Net cash provided by (used in) operating activities margin			6.4	%			5.6	%			6.9	%			6.7	%
Non-GAAP adjustments			(1.2	)%			(1.8	)%			(1.5	)%			(1.9	)%
Free cash flow margin			5.2	%			3.8	%			5.4	%			4.9	%

Note: Certain figures may not sum due to rounding.

AMPLITUDE, INC.

Historicals - Key Business Metrics

(In millions, except percentages)

(unaudited)

	June 30, 2025				September 30,  2025				December 31, 2025				March 31,  2026				June 30,  2026				September 30,  2026
Annual Recurring Revenue (ARR)	$	335			$	347			$	366			$	374			$	410			$	431
Dollar-based Net Retention Rate (NRR)		104	%			104	%			105	%			106	%			103	%			103	%
Dollar-based Net Retention Rate (NRR TTM)		99	%			102	%			104	%			105	%			105	%			104	%

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

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