Amplitude Reports $93.5 Million Revenue in Q1 2026, 17% Increase Year-Over-Year

Amplitude, Inc. reported a revenue of $93.5 million for the first quarter of 2026, marking a 17% increase from $80.0 million in the same period last year. The company's gross profit also rose to $68.3 million, resulting in a gross margin of 73%, down from 75% in the prior year. Despite the revenue growth, Amplitude recorded a net loss of $23.3 million, slightly higher than the $22.2 million loss reported in the first quarter of 2025. The increase in losses was attributed to higher operating expenses, which totaled $92.4 million, up from $83.9 million a year earlier.

The company's operating expenses saw significant increases across various categories, with research and development costs rising by 8% to $25.3 million, and sales and marketing expenses increasing by 15% to $50.8 million. General and administrative expenses remained relatively stable at $16.3 million. The increase in expenses was primarily driven by higher personnel costs and investments in marketing initiatives aimed at expanding the customer base and enhancing product offerings.

In terms of customer metrics, Amplitude reported a total of 727 customers with annual recurring revenue (ARR) of over $100,000, an 18% increase from 617 customers in the previous year. The company's dollar-based net retention rate for the trailing twelve months improved to 105%, up from 98% a year earlier, indicating a positive trend in customer retention and expansion. As of March 31, 2026, Amplitude had 4,900 paying customers, reflecting its ongoing efforts to grow its user base.

Strategically, Amplitude completed the acquisition of InfiniGrow Ltd., an AI marketing analytics company, for $0.2 million in cash. This acquisition is expected to enhance Amplitude's capabilities in providing actionable analytics for marketing teams. The company continues to invest in its AI Analytics Platform, integrating advanced features to improve user experience and drive business outcomes. As of the end of the first quarter, Amplitude had cash and cash equivalents of $86.6 million, along with $126.9 million in marketable securities, providing a solid liquidity position to support future growth initiatives.

Looking ahead, Amplitude anticipates continued revenue growth driven by customer acquisition and expansion, particularly among larger enterprise clients. The company plans to maintain its focus on product innovation and strategic investments in sales and marketing to capitalize on market opportunities. However, it also acknowledges potential challenges, including economic uncertainties and competitive pressures that could impact its performance in the coming quarters.