Amplitude Reports Q1 Revenue Beat, Strong Growth Metrics, and Projects Full-Year Non-GAAP Profitability

summarizeSummary

Amplitude reported Q1 revenue of $93.5 million, beating estimates, with strong ARR and RPO growth, and provided full-year guidance projecting non-GAAP profitability.

check_boxKey Events

• Q1 2026 Financial Results Exceed Expectations

  Reported Q1 revenue of $93.5 million, a 17% year-over-year increase, slightly surpassing analyst estimates. Annual Recurring Revenue (ARR) grew 17% year-over-year to $374 million, and Remaining Performance Obligations (RPO) increased 31% year-over-year to $427.4 million.

• Improved Customer Retention and Growth

  Dollar-based Net Retention Rate (NRR TTM) improved to 105%. The number of customers with $100,000 or greater in ARR increased by 18% year-over-year to 727, and customers with $1.0 million or greater in ARR grew 25% year-over-year to 55.

• Increased Q1 Cash Burn

  Net Cash used in Operations was $(11.6) million and Free Cash Flow was $(13.2) million for Q1 2026, representing an increase in cash utilization compared to the prior year.

• Positive Full-Year 2026 Profitability Outlook

  The company provided full-year 2026 guidance projecting non-GAAP operating income between $2.5 million and $6.5 million, and non-GAAP net income per share between $0.03 and $0.06, indicating an expected shift to profitability.

auto_awesomeAnalysis

Amplitude's Q1 2026 results show continued revenue growth, slightly surpassing analyst estimates, and robust increases in Annual Recurring Revenue (ARR) and Remaining Performance Obligations (RPO). The improved dollar-based net retention rate indicates strong customer expansion. While the company experienced increased cash burn in Q1, the full-year 2026 guidance projects a significant shift to non-GAAP operating income and positive non-GAAP net income per share, signaling a clear path to profitability. Strategic initiatives in AI analytics and the Statsig partnership further position the company for future growth.