Amplitude, Inc. (AMPL): Results of Operations and Financial Condition
Amplitude, Inc. (AMPL) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Amplitude Announces Second Quarter 2026 Financial Results • Annual Recurring Revenue of $410 million, up 22% year-over-year • Remaining Performance Obligations of $483 million, up 35% year-over-year • Second quarter revenue of $100.9 million, up 21% year-over-year •
How this was made
The 30-second read
Why it matters
Traders can update models using the reported Q2 revenue, ARR, cash flow, and the company’s explicit Q3 and full-year 2026 revenue and non-GAAP operating income ranges.
Market read
Fresh earnings and guidance ranges for Q3 and FY 2026 make this a direct catalyst for AMPL positioning and options/vol expectations.
What to watch
Investors may scrutinize customer concentration and net retention (not provided here) and the pace of integration benefits from Statsig, since the filing highlights ARR contributions but not churn or cohort performance.
Amplitude Announces Second Quarter 2026 Financial Results
Revenue increased 21% year-over-year, ARR increased 22% year-over-year, remaining performance obligations increased 35% year-over-year, and operating cash flow and free cash flow increased by $5.5 million year-over-year. GAAP loss from operations increased to $(35.2) million, while non-GAAP loss from operations was unchanged at $(1.5) million.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| Annual Recurring Revenueother | $410 million | – | 22% |
| Remaining Performance Obligationsother | $483 million | – | 35% |
| RevenueGAAP | $100.9 million | – | 21% |
| Loss from OperationsGAAP | $(35.2) million | – | $(8.1) million |
| Loss from Operationsnon-GAAP | $(1.5) million | – | $0.0 million |
| Net Loss Per Share, Basic and DilutedGAAP | $(0.27) per share | – | $(0.08) per share |
| Net Income (Loss) Per Share, Basic and Dilutednon-GAAP | $(0.01) per share | – | $(0.02) per share |
| Basic SharesGAAP | 129.4 million basic shares | – | – |
| Non-GAAP Sharesnon-GAAP | 129.4 million basic shares | – | – |
| Net Cash Provided by Operating ActivitiesGAAP | $25.6 million | – | $5.5 million |
| Free Cash Flowother | $23.7 million | – | $5.5 million |
| Stock-based Compensation Expense and Related Employer Payroll Taxesother | $27.4 million | – | – |
| Amortization of Acquired Intangible Assetsother | $1.0 million | – | – |
| Acquisition-related Costsother | $3.2 million | – | – |
| Restructuring and Other Related Chargesother | $2.1 million | – | – |
| Customers with $100,000 or Greater in ARRother | 824 | – | 30% year-over-year growth |
Third Quarter 2026 and Full Year 2026 outlook
- RevenueThird Quarter 2026: $105.6 - $108.0 million; Full Year 2026: $407.2 - $411.2 million
- NoteNon-GAAP Operating Income: Third Quarter 2026: $2.5 - $4.5 million; Full Year 2026: $6.3 - $9.3 million
- NoteNon-GAAP Net Income Per Share, diluted: Third Quarter 2026: $0.02 - $0.03; Full Year 2026: $0.06 - $0.08
- NoteWeighted Average Shares Outstanding: Third Quarter 2026: 133.0 million, diluted; Full Year 2026: 137.1 million, diluted
What drove it
- Annual Recurring Revenue was $410 million, an increase of 22% year-over-year and an increase of $75 million compared to the second quarter of 2025.
- Remaining Performance Obligations were $483 million, up 35% year-over-year.
- The number of customers with $100,000 or greater in ARR increased to 824, a 30% year-over-year growth.
- The company expanded Global Agent and Model Context Protocol, and introduced Agent Analytics and Wave.
- The CFO said the integration of Statsig and core execution of Amplitude each added $17M and $19M in ARR, respectively.
Concerns
- GAAP loss from operations was $(35.2) million compared to $(27.1) million in the second quarter of 2025.
- GAAP net loss per share was $(0.27), compared to a loss of $(0.19) per share in the second quarter of 2025.
- Non-GAAP loss from operations was $(1.5) million, unchanged from the second quarter of 2025.
- Acquisition-related costs were $3.2 million and restructuring and other related charges were $2.1 million in the second quarter of 2026.
What to watch
- Third Quarter 2026 revenue outlook of $105.6 - $108.0 million.
- Full Year 2026 revenue outlook of $407.2 - $411.2 million.
- Third Quarter 2026 non-GAAP operating income outlook of $2.5 - $4.5 million and full year outlook of $6.3 - $9.3 million.
- Progress in the integration of Statsig and the ARR contributions cited by the CFO.
- Growth in customers with $100,000 or greater in ARR and remaining performance obligations.
Balance sheet and cash flow
- Net cash provided by operating activities was $25.6 million, a $5.5 million increase year-over-year.
- Free Cash Flow was $23.7 million, a $5.5 million increase year-over-year.
- 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.
Analysis
Amplitude reported second-quarter revenue of $100.9 million, up 21% year-over-year, and annual recurring revenue of $410 million, up 22% year-over-year. Remaining performance obligations were $483 million, up 35% year-over-year. The company also reported 824 customers with $100,000 or greater in ARR, representing 30% year-over-year growth. These reported subscription and customer measures point to expansion in larger customer relationships alongside reported revenue growth.
Profitability remained split between GAAP and non-GAAP results. GAAP loss from operations was $(35.2) million, compared with $(27.1) million in the second quarter of 2025, while non-GAAP loss from operations was unchanged at $(1.5) million. GAAP net loss per share was $(0.27), versus $(0.19) per share a year earlier, and non-GAAP net loss per share was $(0.01), compared with $0.01 of non-GAAP net income per share. The quarter included $27.4 million of stock-based compensation expense and related employer payroll taxes, $1.0 million of acquired-intangible amortization, $3.2 million of acquisition-related costs, and $2.1 million of restructuring and other related charges.
Cash generation improved year-over-year. Net cash provided by operating activities was $25.6 million, a $5.5 million increase, while free cash flow was $23.7 million, also a $5.5 million increase. The filing defines free cash flow as GAAP net cash provided by or used in operating activities less cash used for purchases of property and equipment and capitalized internal-use software costs. No balance-sheet cash, debt, share repurchase, or dividend information was provided in the supplied document.
Management emphasized AI-focused product development, including Global Agent, Specialized Agents, expanded Model Context Protocol, Agent Analytics, and Wave. The CFO stated that the integration of Statsig and core execution of Amplitude added $17M and $19M in ARR, respectively. For the third quarter of 2026, Amplitude expects revenue of $105.6 - $108.0 million, non-GAAP operating income of $2.5 - $4.5 million, and non-GAAP net income per diluted share of $0.02 - $0.03. Full-year 2026 guidance calls for revenue of $407.2 - $411.2 million and non-GAAP operating income of $6.3 - $9.3 million.
Management, verbatim
We have transformed to an AI Analytics company through our culture, our products, and how we’re working with our customers. We are closer than ever to self-improving products. Statsig & Amplitude is a powerful combination to measure what ships and ship what matters,
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.
Spenser Skates, co-founder and CEO of Amplitude
We delivered another quarter of solid execution with the integration of Statsig and core execution of Amplitude with each adding $17M and $19M in ARR, respectively,
Andrew Casey, CFO of Amplitude
Not in the filing
stated, not guessed- Revenue by reportable segment
- Gross margin
- Operating expenses
- GAAP net loss amount
- Non-GAAP net income or loss amount
- Cash and cash equivalents
- Debt
- Share repurchases
- Dividends
- Prior-quarter comparisons for reported metrics
- Prior guidance, which was not provided
- GAAP income or loss from operations guidance
- GAAP net income or loss guidance
- GAAP net income or loss per share guidance
- Guidance for gross margin, operating expenses, and tax rate
AlphaAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This is an SEC Form 8-K (Item 2.02) with Exhibit 99.1 covering Amplitude’s Q2 2026 results, business highlights, and forward-looking guidance.
Ticker impact
Amplitude reports Q2 2026 revenue of $100.9M (+21% YoY), ARR of $410M (+22% YoY), and guides Q3 revenue to $105.6M-$108.0M.
Likely positive bias for AMPL as long as investors view ARR growth and cash generation as sustainable; downside risk if guidance is seen as conservative versus expectations.
The filing contains fresh, company-specific financial results and forward-looking guidance ranges (Q3 and FY 2026), which are direct inputs to earnings models and near-term expectations.
Market effects
Reinforces demand for AI analytics and agent-related product capabilities, potentially supporting sentiment toward software analytics peers.
No specific regional spillover beyond US-listed software sentiment.
Limited direct global impact; primarily affects US software growth and cash-flow narratives.
Counterpoint
Despite ARR growth, GAAP operating loss persists and non-GAAP results rely on adjustments, so the market may focus on durability of profitability and SBC trends.
Key entities
- companyAmplitude, Inc.
Nasdaq-listed AI analytics platform reporting Q2 2026 financial results and providing Q3 and full-year 2026 guidance.
- executiveSpenser Skates
Co-founder and CEO quoted on AI analytics transformation and customer usage of AI solutions.
- executiveAndrew Casey
CFO quoted on integration execution and growth with leverage.
