NASDAQ$AMPL

Amplitude Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Amplitude reported strong fourth quarter and fiscal year 2024 financial results, with significant growth in annual recurring revenue and overall revenue, alongside improvements in non-GAAP operating income.

Amplitude closed 2024 strong, with fourth quarter revenue up 9% year-over-year to $78.1 million and annual recurring revenue reaching $312 million, an 11% increase year-over-year. The company also reported positive non-GAAP income from operations and free cash flow.

  • Annual Recurring Revenue (ARR) increased by 11% year-over-year, reaching $312 million.
  • Fourth quarter revenue grew by 9% year-over-year to $78.1 million.
  • The company achieved positive non-GAAP income from operations of $0.2 million in Q4 2024.
  • Free Cash Flow remained stable at $1.5 million for the fourth quarter.

Headline financials

Total Revenue

$78.1M

Previous: $71.4M+9.4%
EPS (adj)

$0.02

Previous: $0.04-50.0%
Annual Recurring Revenue

$312M

Previous: $281M+11.0%
Dollar-based Net Retention Rate

100.0%

Previous: 98.0%+2.0%
Dollar-based Net Retention Rate (TTM)

97.0%

Previous: 101.0%-4.0%
Customers > $100K ARR

591

No prior period
Customers > $1M ARR

42

No prior period
Capital Expenditures

-$1.63M

Previous: -$839K-94.2%
Net Income

-$32.6M

Previous: -$18.5M-75.8%
Operating Income

-$35.5M

Previous: -$21.5M-64.9%
Gross Profit

$58.3M

Previous: $53.1M+9.8%
R&D Expense

$34.4M

Previous: $22.2M+55.1%

Revenue & EPS history

Amplitude · Revenue · Quarterly

$78.1M

Q4 2024+9.4%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

For the first quarter of 2025, Amplitude expects revenue between $78.5 million and $80.5 million, and non-GAAP operating income (loss) between $(5.5) million and $(3.5) million. For the full year 2025, revenue is projected to be between $324.8 million and $330.8 million, with non-GAAP net income (loss) per share between $0.05 and $0.10.

Tailwinds

  • Projected revenue growth for Q1 2025 and full year 2025.
  • Anticipated positive non-GAAP net income per share for FY 2025.
  • Continued focus on platform strategy resonating with customers.
  • Progress in enterprise market penetration.
  • Commitment to providing integrated platform solutions for data, product understanding, and action.

Headwinds

  • Expected GAAP loss from operations for Q1 2025.
  • Non-GAAP operating income (loss) for Q1 2025 is projected to be a loss.
  • GAAP net income (loss) per share is not provided due to calculation complexities.
  • Uncertainties related to stock-based compensation expense and amortization of acquired intangible assets impact GAAP projections.
  • Forward-looking statements are subject to various risks and uncertainties, including limited operating history and rapid growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-4.1%

Avg return

Earnings day

-3.2%

Avg return

5 days after

-4.8%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+22.1%

Q2 2022

Best reaction

-61.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-21.4%-17.8%+1.9%
Q4 2025-0.3%-4.9%-2.4%
Q3 2025+2.8%+16.0%+15.8%
Q1 2025+11.2%+25.3%+35.2%
Q4 2024+21.9%+8.2%-1.7%
Q3 2024-0.8%+5.3%+14.9%
Q2 2024+2.2%+10.8%+10.3%
Q1 2024-3.4%-1.1%-12.0%
Q4 2023-16.3%-14.4%-18.4%
Q3 2023+0.2%-1.9%+7.8%
Q2 2023+6.0%+5.5%+17.9%
Q1 2023-7.8%-14.0%-12.2%
Q4 2022-8.5%-8.0%-23.7%
Q3 2022-11.9%-15.4%-18.1%
Q2 2022+22.1%+24.1%-0.1%
Q1 2022+0.7%-8.3%+11.1%
Q4 2021-61.3%-53.3%-59.3%
Q3 2021-6.9%-8.0%-29.4%
Q4 2020-6.9%-8.0%-29.4%
Q2 2021
Q3 2020
Q2 2020
Q1 2020

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