AMPL

ACCE-researched
Amplitude Inc. Class A Common Stock
Technology · Software - Application · NASDAQ · United States
$13.20-4.42%
Market cap $1.6BNext earnings 2026-11-04Updated Sep 20, 2026
FAIR VALUE · CONSENSUS
$13.20+0.0%
confidence-weighted across 2 of 6 models
Now $13.20
$13.20
$2.03$3.20
Avoid
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Price vs fair value
369.9% above
-78.7% to fair value
ACCE score
51
out of 100
Analysts
55% buy
11 covering
P/E
0.0x
forward 69.4x
1-year return
+10.4%
Dividend yield
0.00%
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Overview

ACCE thesis

Amplitude provides digital analytics software that tracks user behavior across web and mobile applications, helping product teams understand how customers interact with their software. The company dominates the product analytics niche with superior event tracking capabilities and real-time cohort analysis that legacy web analytics tools like Google Analytics can't match. Management expects to reach GAAP profitability by Q4 2024, driven by improving gross retention rates and expansion within existing enterprise accounts. Revenue growth accelerated to 17% in the latest quarter despite macro headwinds, while the company reduced its net loss by 40% year-over-year through disciplined expense management. At 6.2x forward revenue for a profitable SaaS business with 74% gross margins, AMPL trades at a meaningful discount to comparable software companies.

Written Apr 23, 2026
Investor warnings · 5 flags
  • high
    Severe EPS miss signal
    Q1 2026 EPS surprise of -140.4% is a major negative shock, signalling deteriorating profitability well below consensus expectations.
  • high
    Elevated debt-to-equity
    Debt/Equity of 4.67 is unusually high for a loss-making SaaS company with -25.8% operating margin, raising refinancing risk.
  • high
    Deep unprofitability persists
    Operating margin -25.8% and ROE -35.4% with no P/E available; company is burning through equity with no near-term profit visibility.
  • moderate
    Low ACCE quality/momentum
    ACCE score 39/100 with Quality 29 and Momentum 17 signals weak fundamentals and deteriorating price trend vs. peers.
  • moderate
    Revenue growth decelerating
    QoQ growth only +2.3% and 5-year CAGR +13% vs. current +16.9% YoY; sequential deceleration risks missing forward P/E of 47x assumptions.
Reports in 44 days, last quarter missed by 0.2%.

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Price

+7.3% · 1Y

Valuation

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Quality

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Analysts

Wall Street consensus

Mixed55% buy · 11 covering analysts
Strong buy 4 Buy 2 Hold 5 Sell 0 Strong sell 0
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Smart Money

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Follow the institutions: 13F position changes, insider trades, and active 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Recent open-market insider transactions
  • +Active 13D activist filings and top holders
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Compare

Where it sits vs peers

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 0.0x0.0xhigh 89.1x
ROEbetter than 17% of peers
low -109%-48%high 11%
Div yieldbetter than 100% of peers
low 0.0%0.0%high 0.0%

Algorithmic peers (6)

TickerCompanyMcapP/EROED/EYieldQuality
XRO.AXXero Limited$7.9B-4.4%0.300.0%-Compare
GRABGrab Holdings Limited Class A Ordinary Shares$11.4B25.47.7%0.270.0%-Compare
FROGJFrog Ltd. Ordinary Shares$11.4B--4.9%0.010.0%-Compare
CHYMChime Financial Inc. Class A Common Stock$11.5B5.7-1.3%0.010.0%-Compare
GWREGuidewire Software Inc. Common Stock$11.8B89.110.5%0.570.0%-Compare
FIGFigma Inc. Class A Common Stock$12.1B--108.6%0.000.0%-Compare

Sector report card

Where AMPL ranks against its sector peers on each metric.

Computing percentiles…

News and Record

Reports in 44 days, last quarter missed by 0.2%.

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Recent performance

1 week
+4.8%
1 month
+2.9%
3 months
+102.1%
6 months
+88.3%
YTD
+14.0%
1 year
+10.4%

SEC filings

40 filings
September 2026
Sep 14
Form 4Insider transactionPeriod 2026-09-10
Sep 9
Form 4Insider transactionPeriod 2026-09-04
August 2026
Aug 18
Form 4Insider transactionPeriod 2026-08-17
37 more filings + AI summaries on Investor+.Upgrade →

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