Amplitude, Inc.

Amplitude, Inc.

AMPL·NASDAQ

$8.11

-7.6%
TechnologySoftware - Application

Amplitude, Inc. provides a digital optimization system to analyze customer behavior within digital products in the United States and internationally. It offers Amplitude analytics for insights of customer behavior; Amplitude Recommend, a no-code personalization solution that helps to increase customer engagement by adapting digital products and campaigns to every user based on behavior; Amplitude Experiment, an integrated solution that enables teams to determine and deliver the product experiences for their customers through A/B tests and controlled feature releases; Amplitude Behavioral Graph, a proprietary database for deep, real-time interactive behavioral analysis, and behavior-driven personalization – instantly joining, analyzing, and correlating any customer actions to outcomes, such as engagement, growth, and loyalty; and data management, a real-time data layer for planning, integrating, and managing data sources to create a foundation with identity resolution, enterprise-level security, and privacy solutions. The company also provides customer support services related to initial implementation setup, ongoing support, and application training. It delivers its application over the Internet as a subscription service using a software-as-a-service model. The company was formerly known as Sonalight, Inc. and changed its name to Amplitude, Inc. in December 2014. Amplitude, Inc. was incorporated in 2011 and is headquartered in San Francisco, California.

At a Glance

Live Snapshot
Market Cap$1.08B
EPS-0.6700
P/E Ratio-12.10
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -12.1).

Valuation inputs: P/E -12.1, earnings yield N/A, momentum -7.6%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -36.1%, ROIC -37.5%).

Profitability stack: net margin -25.8%, ROE -36.1%, ROIC -37.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +41.7%, momentum -7.6%, net margin -25.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Amplitude, Inc. Market vs Earnings Trajectory

AMPL · NASDAQ

Loading price and EPS data...

Amplitude, Inc.

Amplitude, Inc. Fair Value Envelope

AMPL · NASDAQ

Our analysis suggests that AMPL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $8.11, this represents a potential HIDDEN relative to our calculated worth for Amplitude, Inc..

Intrinsic Value
Current Price: $8.11
3Y-20.0%
5Y+179.0%
10Y-51.0%
3Y+44.0%
5Y+235.0%
10Y+401.0%
3Y-5.0%
5Y+260.0%
10Y+164.0%
3Y-654.0%
5Y-387.0%
10Y-286.0%
3Y-352.0%
5Y-324.0%
10Y-269.0%
3Y+2.0%
5Y+140.0%
10Y+271.0%
Amplitude, Inc.

Amplitude, Inc. Profit Bridge

AMPL · NASDAQ
Revenue343.21M
Cost of Goods Sold (89.29M)
Gross Profit253.93M
Operating Expenses (349.93M)
Operating Income-96.00M
Interest Expense (0.00)
Other Income/Expense10.67M
Pretax Income-85.33M
Income Tax (3.21M)
Net Income-88.54M
Net Income
-88.54M

Profitability Analysis

Gross Margin

74.0%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-28.0%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-25.8%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

73.99%
Gross Profit Margin
3Y+5.0%
5Y+5.0%
10Y+9.0%
-27.97%
Operating Profit Margin
-22%
3Y-31.0%
5Y-
10Y-44.0%
-25.80%
Net Profit Margin
-18%
3Y-34.0%
5Y+8.0%
10Y-47.0%
-36.09%
Return on Equity
13%
3Y+14.0%
5Y-199.0%
10Y-168.0%
-21.05%
Return on Assets
3Y-7.0%
5Y+50.0%
10Y-29.0%
-37.51%
Return on Invested Capital
7%
3Y+20.0%
5Y-
10Y-19.0%
AMPL

Amplitude, Inc. Cash Conversion Engine

AMPL · NASDAQ
Net Income-88.54M
Depreciation & Amortization9.61M
Stock-Based Compensation92.12M
Change in Working Capital10.15M
Others6.49M
Capital Expenditures-1.62M
Free Cash Flow28.20M

Cash Flow Quality Analysis

FCF Conversion Rate

-31.9%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

5.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+140.5%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$10.15M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

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Amplitude, Inc. Funding & Solvency Profile

AMPL · NASDAQ
Cash & Cash Equivalents86.59M
Net Receivables40.90M
Inventory0.00
Other Current Assets40.33M
Total Current Assets263 M
Property, Plant & Equipment28.60M
Goodwill & Intangible Assets33.03M
Long-Term Investments0.00
Other Non-Current Assets76.96M
Total Non-Current Assets106 M
Total Assets
401.74M

Financial Health Analysis

Current Ratio

1.52x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.85x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

89 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

66% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

ampl

Amplitude, Inc. Street Expectations Map

AMPL · NASDAQ

Wall Street analysts project that AMPL stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 12.00, with estimates ranging from a low of 10.00 to a high of 16.00.

Lowest Target
10.00
23.30%
Consensus Target
12.00
47.97%
Highest Target
16.00
97.29%

The consensus 1-year price target stands at 12.00, with estimates ranging from a low of 10.00 to a high of 16.00.

Analyst Consensus Analysis

Upside Potential

+48.0%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

50.0% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

ampl

Amplitude, Inc. Insider Positioning

AMPL · NASDAQ

During the last 12 months, insiders have purchased $342K and sold $5.77M worth of AMPL shares, resulting in $5.43M of net selling activity.

3 Months

Bought

0

0.00

Sold

80.8K

649.26K

Net Activity

-649K

-$649K

3-6 Months

Bought

0

0.00

Sold

52.8K

623.39K

Net Activity

-623K

-$623K

6-9 Months

Bought

40.0K

341.69K

Sold

410.0K

4.50M

Net Activity

-4.2M

-$4.16M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

1
CA

Casey Andrew

Officer: Chief Financial Officer

30.0K shares1 transactions

$300K

2
SE

Schultz Erica

Director

10.0K shares1 transactions

$42K

Top Sellers

1
SS

Skates Spenser

Director, 10 Percent Owner, Officer: Chief Executive Officer

442.8K shares3 transactions

$4.91M

2
LC

Liu Curtis

Director, 10 Percent Owner, Officer: Chief Technology Officer

80.8K shares3 transactions

$649K

3
SE

Schultz Erica

Director

20.0K shares2 transactions

$211K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $5.43M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.06:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$649K

Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.

Insider Participation

Moderate Selling

3 insider sellers vs. 2 buyers. More insiders selling than buying suggests cautious or negative sentiment.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

No Dividend Yield Data

AMPL has not reported any dividend yield values in the available annual periods.

 

ampl Dividend History

AMPL
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%