Amplitude Reports Q1 2026 Results with 17% Revenue Growth, Increased Losses, $20.7M Share Buyback, and $82.4M Post-Quarter RSU Issuance
AMPL is trading near its 52-week low of $5.51 (8.7% above the low).
Summary
Amplitude reported Q1 2026 revenue growth of 17% and strong RPO growth, alongside increased net losses and negative free cash flow. The company repurchased $20.7 million in shares but also issued $82.4 million in RSUs post-quarter, indicating mixed capital allocation signals.
Key Events · Earnings and Guidance · AMPL
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Q1 2026 Financial Performance
Revenue increased 17% year-over-year to $93.5 million. However, net loss grew to $23.3 million from $22.2 million in Q1 2025, and net cash used in operating activities increased to $11.6 million from $8.0 million.
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Strong Growth Metrics
Annual Recurring Revenue (ARR) grew 17% year-over-year to $374 million, and Remaining Performance Obligations (RPO) increased 31% to $427.4 million. The dollar-based net retention rate improved to 105% from 98%.
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Share Repurchase Program Activity
During Q1 2026, the company repurchased 2,755,364 shares of Class A common stock for an aggregate of $20.7 million. Approximately $105.3 million remains available under the expanded repurchase program.
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Significant Post-Quarter RSU Issuance
In April 2026, Amplitude issued RSUs representing 12,248,817 shares of Class A common stock to employees, with a grant date fair value of approximately $82.4 million, indicating substantial future dilution.
Analysis · AMPL · Technology
Amplitude, Inc. filed its Q1 2026 10-Q, providing a detailed financial overview following its preliminary earnings release. While the company demonstrated strong operational growth with a 17% increase in revenue to $93.5 million and a 31% rise in Remaining Performance Obligations (RPO) to $427.4 million, it also reported an increased net loss of $23.3 million and higher negative free cash flow of $13.2 million. The company continued its share repurchase program, buying back $20.7 million in Class A common stock during the quarter. A significant subsequent event was the issuance of $82.4 million in RSUs to employees in April 2026, which represents substantial potential dilution. The filing also detailed a recent strategic acquisition of AI marketing analytics company InfiniGrow Ltd. and a new agreement with an AI research company, underscoring the company's continued investment in AI capabilities.
At the time of this filing, AMPL was trading at $5.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $1B. The 52-week trading range was $5.51 to $14.49. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.