Amplitude 2025 Q3 Earnings Widened Net Loss Despite Revenue Growth

Amplitude (AMPL) reported Q3 2025 earnings on Nov 6, 2025, with revenue rising 17.7% to $88.56 million, surpassing estimates. Despite strong top-line growth, the company’s net loss widened by 42.3% to $23.99 million, and it raised full-year revenue guidance to $340.8–$342.8 million, signaling confidence in enterprise momentum and AI-driven product adoption.

Revenue

Amplitude’s total revenue surged 17.7% year-over-year to $88.56 million, outpacing the $86.29 million consensus estimate. This growth was driven by robust enterprise adoption of AI-native products and expanded customer base, with 653 customers now generating over $100,000 in ARR.

Earnings/Net Income

The company’s financial performance deteriorated, with a net loss of $23.99 million in Q3 2025, a 42.3% increase from the $16.85 million loss in the prior-year period. Earnings per share (EPS) worsened to -$0.18, reflecting ongoing operational challenges and elevated R&D expenses. The deepening losses underscore persistent profitability hurdles despite revenue progress.

Price Action

Amplitude’s stock edged down 1.34% in the latest trading day but gained 1.64% over the past week. Month-to-date, the stock has declined 1.59%, reflecting mixed short-term investor sentiment.

Post-Earnings Price Action Review

The strategy of buying Amplitude shares on the date of its revenue raise announcement and holding for 30 days yielded moderate returns, with a CAGR of 10.5% over the past three years—slightly underperforming the S&P 500’s 11.0% CAGR. The conservative holding period limited exposure to potential gains, suggesting the stock’s volatility could offer higher returns with longer-term strategies.

CEO Commentary

CEO Spenser Skates emphasized AI’s pivotal role in Amplitude’s product innovation, highlighting the launch of AI agents and analytics tools that enhance user engagement insights. CFO Andrew Casey noted progress in enterprise expansion and operational efficiency, underscoring confidence in long-term growth. The leadership’s focus on AI integration and customer value creation signals a strategic pivot toward scalable, data-driven solutions.

Guidance

Amplitude projected Q4 2025 revenue of $89.0–$91.0 million and full-year revenue of $340.8–$342.8 million. Non-GAAP operating income is expected to range between $3.5–$5.5 million for Q4 and $0.5–$2.5 million annually, with non-GAAP net income per share forecasted at $0.04–$0.05 for Q4 and $0.06–$0.08 for the full year.

Additional News

Amplitude announced the launch of AI-native products like MCP and AI agents, expanding its analytics capabilities for non-technical users. The company also highlighted a 37% year-over-year increase in remaining performance obligations (RPO), driven by enterprise-focused multi-year contracts. Separately, Zacks Investment Research identified a satellite communications firm as a potential “stock most likely to double,” underscoring broader market optimism for AI-driven innovation.

Key Metrics vs. Estimates

Amplitude’s Q3 revenue of $88.56 million exceeded the $86.03 million Zacks estimate, with an EPS of $0.02 (vs. $0.01 expected). Dollar-based net retention reached 104%, and ARR grew to $347 million, reflecting strong enterprise traction.

Strategic Focus

The company’s emphasis on AI integration and multi-product adoption is reshaping its competitive positioning, with 71% of ARR now derived from multi-product customers. Management remains committed to balancing growth investments with operational efficiency, particularly as new AI features enter monetization phases.