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Sells digital analytics software that tracks how users interact with apps and websites to help companies improve products.
Sells digital analytics software that tracks how users interact with apps and websites to help companies improve products.
Sells subscriptions priced on usage tiers, such as how many users or events it tracks, so customers pay more as their apps grow. A free plan brings in small teams, and experimentation and customer-data modules are sold to the same customers. It went public by direct listing in 2021.
Moat: narrow (switching costs, data). Historical user-behavior data accumulated in the platform creates switching costs, in a competitive analytics market.
Headquarters: San Francisco, California, United States · Founded: 2012 · Employees: 780
Size Amplitude (AMPL) is a United States Information Technology company (Packaged Software) with a market value of $2.09B, the 1764th largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.70 on 6 Nov 2026.
Performance Over six months the shares gained 161.3%, against +5.8% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 18.3% over the last twelve months (peer median +9.6%); the operating margin is -27.2% (peer median 0.1%).
Valuation It trades at 109.2× forward earnings against a peer median of 26.2× (4th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 37% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Backlog Backlog (remaining performance obligations) was $497M at 30 Sep 2026, up 27% on a year earlier — 1.3 years of trailing revenue. Backlog detail →
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $374M | $343M | $299M | $276M | $238M |
| Revenue growth | — | +15% | +8% | +16% | — |
| Gross profit | $271M | $254M | $222M | $204M | $168M |
| EBITDA | -$90.9M | -$86.4M | -$101M | -$88.8M | -$88.2M |
| Net income | -$99.5M | -$88.5M | -$94.3M | -$90.4M | -$93.4M |
| Free cash flow | $29.4M | $28.2M | $16.8M | $24.4M | -$9.02M |
| Capital expenditure | $6.67M | $6.35M | $6.78M | $3.18M | $5.81M |
| Total debt | $9.71M | $9.57M | $5.58M | $8.18M | $11.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Amplitude AMPL | $2.09B | +161% | +18% | -27% | 109.2× | 36.9% |
| Alphabet Inc. (Class A) GOOGL | $3.47T | -29% | +22% | 33% | 20.5× | 18.5% |
| Adobe ADBE | $93.1B | -5% | +12% | 36% | 8.9× | 0.9% |
| Twilio TWLO | $31.3B | 0% | +19% | 8% | 30.7× | 38.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AMPL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | +5.8% | 9th highest of 21 |
| 6-month return | +161.3% | +5.8% | highest of 21 |
| Distance from 52-week high | -11.4% | -31.3% | 6th highest of 21 |
| Revenue growth (TTM) | +18.3% | +9.6% | 8th highest of 21 |
| Operating margin | -27.2% | 0.1% | 7th lowest of 21 |
| Forward P/E | 109.2× | 26.2× | 4th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 36.9% | 13.9% | 4th most demanding of 15 |
| Growth delivered (Del g) | +27.4% | +12.0% | 2nd highest of 14 |
| Hurdle (Req g minus delivered) | +9.6 pp | -3.5 pp | 6th most demanding of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Amplitude AMPL | United States | $2.09B | +161% | +18% | -27% | 109.2× | 36.9% | +27.4% |
| Embracer EMBRAC-B.ST | Sweden | $2.08B | +37% | -31% | -43% | 16.4× | -9.8% | +12.0% |
| UCloud Technology 688158.SS | China | $2.08B | -34% | +26% | 2% | 499.0× | n/a | n/a |
| Five9 FIVN | United States | $2.10B | +27% | +9% | 6% | 8.1× | 17.9% | +21.4% |
| Pitney Bowes PBI | United States | $2.11B | -1% | -4% | 25% | 9.6× | -5.4% | -11.8% |
| Zhejiang Digital Culture Technology 600633.SS | China | $2.06B | -15% | +14% | 10% | 20.8× | 15.4% | -2.8% |
| DoubleVerify DV | United States | $2.12B | +23% | +7% | 14% | 21.3× | 9.7% | +25.1% |
| Mobvista Incorporation 1860.HK | Hong Kong | $2.05B | -43% | +26% | 4% | 19.6× | -1.1% | +31.9% |
| Zhejiang Jinke Tom Culture Industry 300459.SZ | China | $2.01B | -9% | -10% | -108% | n/a | 43.2% | -12.5% |
| Justsystems 4686.T | Japan | $2.01B | +33% | +10% | 44% | n/a | -6.3% | +4.6% |
| Tianyu Digital Technology 002354.SZ | China | $2.00B | +31% | +8% | -2% | 135.3× | 25.9% | +15.8% |
| Ethos Technologies LIFE | United States | $2.18B | +13% | +112% | -16% | 33.9× | 24.1% | n/a |
| SeeWay.ai 002405.SZ | China | $2.18B | -32% | +22% | -29% | n/a | n/a | n/a |
| Pine Labs PINELABS.NS | India | $1.98B | -19% | +50% | 7% | 79.2× | n/a | n/a |
| iReader Technology 603533.SS | China | $1.98B | +20% | +14% | -2% | 91.2× | 37.2% | +9.5% |
| Aisino 600271.SS | China | $1.96B | -16% | -12% | -24% | 26.2× | n/a | n/a |
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 125.6× | 55.8% | -17.0% |
| Schrodinger SDGR | United States | $2.23B | +125% | +9% | -59% | n/a | n/a | n/a |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 24.1× | 10.4% | +17.7% |
| Planisware Societe anonyme PLNW.PA | France | $1.94B | +46% | +8% | 31% | 28.2× | 12.3% | +16.8% |
| Pony AI 2026.HK | Hong Kong | $1.93B | -56% | +67% | -214% | n/a | n/a | n/a |
Amplitude reported $497M of remaining performance obligations at 30 Sep 2026, up 27% from a year earlier and up 3% from the previous quarter. That is 1.3 years of trailing revenue already under contract. Book-to-bill last quarter: 1.13.