Key Highlights

● Second-quarter Revenue was $100.9 million, up 21% year on year.

● Annual Recurring Revenue reached $410 million, up 22%.

● Remaining performance obligations grew 35% to $483 million.

● Free Cash Flow was $23.7 million; 2026 revenue is guided to about $409 million.

The latest verified development

Amplitude, Inc. (NASDAQ:AMPL), a provider of digital analytics software, last reported results on 5 August 2026 for the quarter ended 30 June. Chief executive Spenser Skates referred in the release to a combination of Statsig and Amplitude, saying it measures what ships and ships what matters.

Second-quarter results

Revenue was $100.9 million, up 21% year on year. Annual recurring revenue was $410 million, up 22%, and remaining performance obligations, which measure contracted revenue yet to be recognised, were $483 million, up 35%. Customers with annual recurring revenue of $100,000 or more rose 30% to 824.

The GAAP net loss was $34.6 million, or $0.27 per share, compared with $0.19 per share a year earlier. The non-GAAP net loss was only $0.9 million, or $0.01 per share, and the non-GAAP loss from operations was $1.5 million. The gap between the two net-loss figures is $33.7 million.

Contracted Backlog grew faster than sales. Remaining performance obligations of $483 million exceed annual recurring revenue of $410 million, and their 35% growth compares with 21% for revenue, which may indicate longer or larger contracts. It should not be read as a forecast.

Cash flow and balance sheet

Operating cash flow was $25.6 million and free cash flow was $23.7 million. Cash and equivalents were $73.8 million, with a further $87.6 million in marketable securities, together totalling $161.4 million.

Positive free cash flow alongside a GAAP loss is a pattern investors in software companies often examine, because non-cash costs and timing of customer billings can separate the two.

Guidance

For the third quarter Amplitude guided to revenue of $105.6 million to $108.0 million, non-GAAP Operating Income of $2.5 million to $4.5 million, and non-GAAP Earnings Per Share of $0.02 to $0.03. For 2026 it guided to revenue of $407.2 million to $411.2 million, non-GAAP operating income of $6.3 million to $9.3 million, and non-GAAP earnings per share of $0.06 to $0.08.

At the midpoints, third-quarter revenue would be about 5.8% above the second quarter. The full-year revenue midpoint of $409.2 million compares with an annualised second quarter of about $403.6 million, so the guide is broadly in line with the second-quarter run rate, although quarterly phasing was not available. Those ranges are the company's outlook, not results.

Annual recurring revenue, profit shift and cash at Amplitude

The guide asks for a move from a $1.5 million non-GAAP operating loss in the second quarter to $2.5 million to $4.5 million of non-GAAP operating income in the third.