Highlights

  • Second quarter revenue rose 21% to $100.9 million, including about $6.5 million from customers acquired from Statsig.
  • GAAP net loss widened to $34.6 million, or $0.27 per share, from $24.7 million, or $0.19.
  • Annual recurring revenue reached $410 million, up 22%, while customers above $100,000 in ARR grew 30% to 824.
  • The company repurchased 12.9 million Class A shares for $89.5 million in six months, leaving $36.6 million of authorization.

Amplitude (NASDAQ:AMPL) shares were trading near their 52-week high at USD 16.27 on October 21, 2026, up 3.63%. The AI analytics software provider acquired InfiniGrow in January, bought Statsig's customer contracts in May, completed a restructuring in the second quarter, and reported second quarter results in a quarterly filing on August 6.

Based in San Francisco, California, Amplitude is a Delaware corporation that calls itself the leading AI Analytics Platform, helping businesses understand how people use digital products. Its platform spans product and marketing analytics, session replay, experimentation, activation, guides and surveys, and AI agents. It serves more than 5,200 paying customers, generates 40% of revenue outside the United States, and has about 795 employees in ten global offices. It reports one software segment, and its fiscal year ends December 31.

Revenue Growth, Wider Losses and Statsig

Revenue for the three months ended June 30, 2026 was $100.9 million, up from $83.3 million. Growth reflected a larger paying customer base and expansion among existing customers, partly offset by churn, and the Statsig customers added about $6.5 million. The company acquired Statsig's customer relationships, order backlog, trade name and a perpetual non-exclusive technology license on May 1, 2026, in a transaction it accounted for as an asset acquisition.

Costs rose faster than revenue. Cost of revenue increased 39% to $31.8 million on higher hosting and subscription software costs, and GAAP gross margin fell to 68% from 73%. Research and development expense jumped 40% to $33.7 million, including Statsig transition costs. The GAAP loss from operations was $35.2 million versus $27.1 million, and the net loss was $34.6 million. Non-GAAP loss from operations was $1.5 million, roughly unchanged, after excluding stock-based compensation, intangible amortization, $3.2 million of acquisition-related costs and restructuring charges.

Annual recurring revenue was $410 million at June 30, 2026, versus $335 million. The trailing twelve-month dollar-based net retention rate was 105%, compared with 99%. For six months, revenue was $194.4 million, up 19%, with a net loss of $57.9 million, or $0.44 per share.

Restructuring, Liquidity and Buybacks

The 2026 Restructuring Program, carried out in two phases in the first and second quarters, cut about 5% of the workforce and produced charges of $2.1 million in the second quarter and $2.9 million for the half, mostly severance. The company does not expect material additional charges. In July it granted restricted stock units for 1,426,491 shares, with a grant date fair value of about $13.8 million.

Cash and equivalents were $73.8 million at June 30, alongside $87.6 million of marketable securities and $0.9 million of restricted cash. Deferred revenue was $163.5 million. The company reported an accumulated deficit of $604.3 million, and says current cash should cover working capital and capital expenditure needs for at least 12 months. Operating cash flow was $25.6 million in the quarter and $14.0 million for six months. Non-GAAP free cash flow was $23.7 million in the quarter, or 24% of revenue.

The board added $100.0 million to the buyback program in February 2026, on top of the original $50.0 million. The company repurchased 12,940,579 Class A shares for $89.5 million in the half, retired them, and has $36.6 million left. Class A and Class B shares outstanding totaled about 124.9 million on August 3.

Outlook and Stated Expectations

The quarterly filing contains no financial guidance. The company says it expects research and development and sales and marketing spending to rise in dollar terms while falling as a share of revenue over the longer term, though the percentages could rise in the short term. It plans to keep investing in AI products, enterprise sales, channel partners and international offices, and may pursue further acquisitions. These are management expectations, not guidance on results.