Amplitude Inc. Class A Common Stock (AMPL)

FairStock Score: 58/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable competitive advantages, honest accounting, and a margin of safety. Amplitude provides an AI analytics platform for digital products, a useful niche, but the filed numbers show a company still searching for profitability. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $100.9M, up from $83.3M in fiscal Q2 2025, the quarter ended 2025-06-30, roughly 21% growth. Yet net loss widened to $34.6M from $24.7M, and diluted EPS was -$0.27 versus -$0.19. The yearly picture is similar: in fiscal year 2025, ended 2025-12-31, revenue was $343.2M with net loss $88.5M; in fiscal year 2024, ended 2024-12-31, revenue was $299.3M with net loss $94.3M; and in fiscal year 2023, ended 2023-12-31, revenue was $276.3M with net loss $90.4M. Growth is real, but profits are not. FairStock-calculated ROE is -47.89% and ROCE is -15.54%, so capital is being consumed, not compounded. The balance sheet has low leverage—D/E 0.07—and a FairStock Altman Z-score of 3.14, which is reassuring. Trailing free cash flow is positive at $25.1M, but against a $2.0B market cap that is only a FairStock-calculated FCF yield of 1.2%. At the close on 2026-10-13, the price was $15.61, the FairStock-calculated P/B was 14.32, and the P/E was -20.81, meaning earnings provide no valuation anchor. FairStock's Piotroski F-score is 4/9. Its Lynch category is none because the company lost money in each of the last four years. I see a growing but unproven software business. Without a durable moat or profits, the price already discounts a lot of future success.

In plain English: Amplitude is a software company that helps businesses understand how people use their digital products. Sales are growing—in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $100.9M, up from $83.3M in fiscal Q2 2025—but the company is still losing money and has not reported a yearly profit in its recent results. At $15.61 a share, the market is paying a high price for its assets and cash flow, so the stock looks expensive unless profits show up soon.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer