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Dec 31, 2024
Amplitude Q4 2024 Earnings Report
Amplitude reported strong fourth quarter and fiscal year 2024 financial results, with significant growth in annual recurring revenue and overall revenue, alongside improvements in non-GAAP operating income.
Key Takeaways
Amplitude closed 2024 strong, with fourth quarter revenue up 9% year-over-year to $78.1 million and annual recurring revenue reaching $312 million, an 11% increase year-over-year. The company also reported positive non-GAAP income from operations and free cash flow.
Annual Recurring Revenue (ARR) increased by 11% year-over-year, reaching $312 million.
Fourth quarter revenue grew by 9% year-over-year to $78.1 million.
The company achieved positive non-GAAP income from operations of $0.2 million in Q4 2024.
Free Cash Flow remained stable at $1.5 million for the fourth quarter.
Amplitude
Amplitude
Forward Guidance
For the first quarter of 2025, Amplitude expects revenue between $78.5 million and $80.5 million, and non-GAAP operating income (loss) between $(5.5) million and $(3.5) million. For the full year 2025, revenue is projected to be between $324.8 million and $330.8 million, with non-GAAP net income (loss) per share between $0.05 and $0.10.
Positive Outlook
- Projected revenue growth for Q1 2025 and full year 2025.
- Anticipated positive non-GAAP net income per share for FY 2025.
- Continued focus on platform strategy resonating with customers.
- Progress in enterprise market penetration.
- Commitment to providing integrated platform solutions for data, product understanding, and action.
Challenges Ahead
- Expected GAAP loss from operations for Q1 2025.
- Non-GAAP operating income (loss) for Q1 2025 is projected to be a loss.
- GAAP net income (loss) per share is not provided due to calculation complexities.
- Uncertainties related to stock-based compensation expense and amortization of acquired intangible assets impact GAAP projections.
- Forward-looking statements are subject to various risks and uncertainties, including limited operating history and rapid growth.