General Atomics Electromagnetic Systems Highlights Its Missile Defense Portfolio at the 2025 Space and Missile Defense Symposium
GA-EMS will showcase the designs for their Bullseye™ missile and Long-Range Maneuvering Projectile (LRMP), with a 1:1 scale model and 1:2 scale model in their booth. The company has accelerated integration and testing of its missile defense technologies to demonstrate advanced capabilities and move rapidly toward field deployment.
"Our LRMP aligns with dynamic defense requirements for improved long-range precision strikes and minimizes operational uncertainty by integrating into existing artillery systems," said Scott Forney, president of GA-EMS. "The next phase of full-system testing will validate the projectile's performance across complex scenarios and ensure seamless integration with missile defense frameworks."
Bullseye is a Technology Readiness Level (TRL) 8 missile system that shares 80% of its components with combat-proven TRL 9 missile systems, fully validated through successful real-world operations.
Attendees visiting Booth #531 will engage directly with GA-EMS experts to explore system designs and planned field-testing initiatives for both LRMP and Bullseye. GA-EMS will also feature its portfolio of laser weapon systems, hypersonics and sensor payloads for missile defense and tracking-offering greater flexibility and capability to support both offensive and defensive missions.
About General Atomics Electromagnetic Systems
General Atomics Electromagnetic Systems (GA-EMS) develops innovative technologies to create breakthrough solutions supporting operational environments from undersea to space. From electromagnetic, power generation and energy storage systems and space systems and satellites, to hypersonic, missile defense, and laser weapon systems, GA-EMS offers an expanding portfolio of capabilities for defense, government, and national security customers. GA-EMS also provides commercial products and services targeting hazardous waste remediation, oil and gas, and nuclear energy industries.
For further information, visit www.ga.com/ems
Contact Information
General Atomics Electromagnetic Systems Media Relations Media Relationsems-mediarelations@ga.com858-253-3111
SOURCE: General Atomics Electromagnetic Systems
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An explanation of these measures is also included below under the heading 'Explanation of Non-GAAP Financial Measures'.2 Annual Recurring Revenue or ARR is defined as the annualized value of renewable / recurring customer agreements as of the measurement date, assuming any contract that expires during the next 12 months is renewed at its existing value. Explanation of Non-GAAP Financial Measures We have provided in this release financial information that has not been prepared in accordance with U.S. Generally Accepted Accounting Principles ('GAAP'). These non-GAAP financial and liquidity measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies. We use these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance. We believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with peer companies, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures provided in the financial statement tables below. Billings (non-GAAP). We define billings as revenue recognized in accordance with GAAP plus the change in deferred revenue from the beginning to the end of the period less any deferred revenue balances acquired from business combination(s) during the period. We consider billings to be a useful metric for management and investors because billings drive current and future revenue, which is an important indicator of the health and viability of our business and cash flows. There are a number of limitations related to the use of billings instead of GAAP revenue. First, billings include amounts that have not yet been recognized as revenue and are impacted by the term of security and support agreements. Second, we may calculate billings in a manner that is different from peer companies that report similar financial measures. Management accounts for these limitations by providing specific information regarding GAAP revenue and evaluating billings together with GAAP revenue. Free cash flow (non-GAAP). We define free cash flow as net cash provided by operating activities minus purchases of property and equipment. We believe free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that, after capital expenditures, can be used for strategic opportunities, including repurchasing outstanding common stock, investing in our business, making strategic acquisitions and strengthening the balance sheet. A limitation of using free cash flow rather than the GAAP measures of cash provided by or used in operating activities, investing activities, and financing activities is that free cash flow does not represent the total increase or decrease in the cash and cash equivalents balance for the period because it excludes investing activities other than capital expenditures and cash flows from financing activities. Management accounts for this limitation by providing information about our capital expenditures and other investing and financing activities on the face of the cash flow statement and under the caption 'Management's Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources' in our most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K and by presenting cash flows from investing and financing activities in our reconciliation of free cash flow. In addition, it is important to note that other companies, including companies in our industry, may not use free cash flow, may calculate free cash flow in a different manner than we do or may use other financial measures to evaluate their performance, all of which could reduce the usefulness of free cash flow as a comparative measure. Non-GAAP operating income and operating margin. We define non-GAAP operating income as operating income plus stock-based compensation, amortization of acquired intangible assets, less gain on intellectual property matters and, when applicable, other significant non-recurring items in a given quarter. Non-GAAP operating margin is defined as non-GAAP operating income divided by GAAP revenue. We consider these non-GAAP financial measures to be useful metrics for management and investors because they exclude the items noted above so that our management and investors can compare our recurring core business operating results over multiple periods. There are a number of limitations related to the use of non-GAAP operating income instead of operating income calculated in accordance with GAAP. First, non-GAAP operating income excludes the items noted above. Second, the components of the costs that we exclude from our calculation of non-GAAP operating income may differ from the components that peer companies exclude when they report their non-GAAP results of operations. Management accounts for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP operating income and evaluating non-GAAP operating income together with operating income calculated in accordance with GAAP. Non-GAAP net income and diluted net income per share. We define non-GAAP net income as net income plus the items noted above under non-GAAP operating income and operating margin. In addition, we adjust non-GAAP net income and diluted net income per share for a non-cash charge of impairment on an equity method investment and a tax adjustment required for an effective tax rate on a non-GAAP basis, which differs from the GAAP effective tax rate. We define non-GAAP diluted net income per share as non-GAAP net income divided by the non-GAAP diluted weighted-average shares outstanding. We consider these non-GAAP financial measures to be useful metrics for management and investors for the same reasons that we use non-GAAP operating income and non-GAAP operating margin. However, in order to provide a more complete picture of our recurring core business operating results, we include in non-GAAP net income and non-GAAP diluted net income per share, the tax adjustment required resulting in an effective tax rate on a non-GAAP basis, which often differs from the GAAP tax rate. We believe the non-GAAP effective tax rates we use are reasonable estimates of normalized tax rates for our current and prior fiscal years under our global operating structure. 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Business Wire
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- Business Wire
Amplitude Announces Second Quarter 2025 Financial Results
SAN FRANCISCO--(BUSINESS WIRE)-- Amplitude, Inc. (Nasdaq: AMPL), the leading digital analytics platform, today announced financial results for its second quarter ended June 30, 2025. "Q2 was a strong quarter. We delivered the highest net-new ARR in nearly three years and saw record multi-product adoption," said Spenser Skates, CEO and co-founder of Amplitude. "This progress reflects our deliberate focus on the enterprise and platform expansion strategy. We're still early in the opportunity, and AI will be a key part of how we drive value going forward." Second Quarter 2025 Financial Highlights: (in millions, except per share and percentage amounts) Non-GAAP income (loss) from operations and non-GAAP net income (loss) per share exclude expenses related to stock-based compensation expense and related employer payroll taxes and amortization of acquired intangible assets. Stock-based compensation expense and the related employer payroll taxes were $25.3 million in the second quarter of 2025 compared to $23.3 million in the second quarter of 2024. Free cash flow is GAAP net cash provided by operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. The section titled "Non-GAAP Financial Measures" below contains a description of the non-GAAP financial measures. Reconciliations of historical GAAP to non-GAAP information are presented in the accompanying tables. Second Quarter and Recent Business Highlights: Named a Leader and a Customer Favorite in The Forrester Wave™: Digital Analytics Solutions, Q3 2025 report. Amplitude received the highest 'Current Offering' category score of all vendors in the report, as well as the highest scores possible in 21 criteria. Ranked #1 in eight categories in G2's Summer 2025 report, including the top spot in Product Analytics for the 20th quarter in a row. Announced the beta launch of Amplitude AI Agents, which are designed to automate product management tasks like monitoring data, spotting patterns and changes, watching user sessions, forming hypotheses, running experiments, shipping changes, and monitoring impact. Released a suite of new marketing capabilities designed to allow teams to easily see what drives conversions and lifetime value (LTV), confidently measure return on ad spend, and more precisely target audiences with relevant messaging. Welcomed teams from Kraftful, Inari, and June to accelerate AI innovation. Annual Recurring Revenue was $335 million, an increase of 16% year-over-year and an increase of $15 million compared to the first quarter of 2025. GAAP Net Loss per share was $0.19, based on 131.4 million shares, compared to a loss of $0.19 per share, based on 122.6 million shares, in the second quarter of 2024. Non-GAAP Net Income (Loss) per share was $0.01, based on 140.2 million diluted shares, compared to $(0.00) per share, based on 122.6 million basic shares, in the second quarter of 2024. Cash Flow from Operations was $20.1 million, a $10.9 million increase year-over-year. Free Cash Flow was $18.2 million, a $11.4 million increase year-over-year. The number of customers with $100,000 or greater in ARR increased to 634, or 16% year-over-year growth. Financial Outlook: The third quarter and full year 2025 outlook information provided below is based on Amplitude's current estimates and is not a guarantee of future performance. These statements are forward-looking and actual results may differ materially. Refer to the 'Forward-Looking Statements' section below for information on the factors that could cause Amplitude's actual results to differ materially from these forward-looking statements. For the third quarter and full year 2025, the Company expects: An outlook for GAAP income (loss) from operations, GAAP net income (loss), GAAP net income (loss) per share and a reconciliation of expected non-GAAP income (loss) from operations to GAAP income (loss) from operations, expected non-GAAP net income (loss) to GAAP net income (loss), and expected non-GAAP net income (loss) per share to GAAP net income (loss) per share have not been provided as the quantification of certain items included in the calculation of GAAP income (loss) from operations, GAAP net income (loss) and GAAP net income (loss) per share cannot be reasonably calculated or predicted at this time without unreasonable efforts. For example, the non-GAAP adjustment for stock-based compensation expense requires additional inputs such as the number and value of awards granted that are not currently ascertainable, and the non-GAAP adjustment for amortization of acquired intangible assets depends on the timing and value of intangible assets acquired that cannot be accurately forecasted. Conference Call Information: Amplitude will host a live video webcast to discuss its financial results for its second quarter ended June 30, 2025, as well as the financial outlook for its third quarter and full year 2025 today at 2:00 PM Pacific Time / 5:00 PM Eastern Time. Interested parties may access the webcast, earnings press release, and investor presentation on the events section of Amplitude's investor relations website at A replay will be available in the same location a few hours after the conclusion of the live webcast. Forward-Looking Statements: This press release contains express and implied "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial outlook for the third quarter and full year 2025, the opportunity for the use of AI to drive value for the Company going forward, the Company's growth strategy and business aspirations and its market position and market opportunity. These statements are often, but not always, made through the use of words or phrases such as 'may,' 'should,' 'could,' 'predict,' 'potential,' 'believe,' 'expect,' 'continue,' 'will,' 'anticipate,' 'seek,' 'estimate,' 'intend,' 'plan,' 'projection,' 'would,' and 'outlook,' or the negative version of those words or phrases or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not statements of historical fact, and are based on current expectations, estimates, and projections about the Company's industry as well as certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company's control. These statements are subject to numerous uncertainties and risks that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements, including risks related to: the Company's limited operating history and rapid growth over the last several years, which makes it difficult to forecast the Company's future results of operations; the Company's history of losses; any decline in the Company's customer retention or expansion of its commercial relationships with existing customers or an inability to attract new customers; expected fluctuations in the Company's financial results, making it difficult to project future results; the Company's focus on sales to larger organizations and potentially increased dependency on those relationships, which may increase the variability of the Company's sales cycles and results of operations; downturns or upturns in new sales, which may not be immediately reflected in the Company's results of operations and may be difficult to discern; unfavorable conditions in the Company's industry or the global economy, including as a result of the imposition of tariffs or other trade protection measures, or reductions in information technology spending, which could limit the Company's ability to grow its business; the market for SaaS applications, which may develop more slowly than the Company expects or decline; the Company's intellectual property rights, which may not protect its business or provide the Company with a competitive advantage; and evolving privacy and other data-related laws; and the impact of sanctions related to Russia on the Company's ability to collect receivables. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are or will be included under the caption "Risk Factors" and elsewhere in the reports and other documents that the Company files with the Securities and Exchange Commission from time to time, including the Company's Quarterly Report on Form 10-Q being filed at or around the date hereof. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Non-GAAP Financial Measures: This press release includes financial information that has not been prepared in accordance with GAAP. The Company uses non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating the Company's ongoing operational performance. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company's financial results with other companies in the industry, many of which present similar non-GAAP financial measures to investors. There are a number of limitations related to the use of non-GAAP financial measures versus comparable financial measures determined under GAAP. For example, other companies in the Company's industry may calculate these non-GAAP financial measures differently or may use other measures to evaluate their performance. In addition, free cash flow does not reflect the Company's future contractual commitments and the total increase or decrease of its cash balance for a given period. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. A reconciliation of the Company's non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures below. Non-GAAP Gross Profit, Non-GAAP Gross Margin, Non-GAAP Operating Expenses, Non-GAAP Income (Loss) from Operations, Non-GAAP Operating Margin, Non-GAAP Net Income (Loss), and Non-GAAP Net Income (Loss) per Share. The Company defines these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, and non-recurring costs such as restructuring and other related charges. The Company excludes stock-based compensation expense and related employer payroll taxes, which is a non-cash expense, from certain of its non-GAAP financial measures because it believes that excluding this item provides meaningful supplemental information regarding operational performance. The Company excludes amortization of intangible assets, which is a non-cash expense, related to business combinations from certain of its non-GAAP financial measures because such expenses are related to business combinations and have no direct correlation to the operation of the Company's business. Although the Company excludes these expenses from certain non-GAAP financial measures, the revenue from acquired companies subsequent to the date of acquisition is reflected in these measures and the acquired intangible assets contribute to the Company's revenue generation. The Company excludes non-recurring costs from certain of its non-GAAP financial measures because such expenses do not repeat period-over-period and are not reflective of the ongoing operation of the Company's business. The Company uses non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP operating margin, non-GAAP net income (loss), and non-GAAP net income (loss) per share in conjunction with its traditional GAAP measures to evaluate the Company's financial performance. The Company believes that these measures provide its management, board of directors, and investors consistency and comparability with its past financial performance and facilitate period-to-period comparisons of operations. Free Cash Flow and Free Cash Flow Margin. The Company defines free cash flow as net cash provided by (used in) operating activities, less cash used for purchases of property and equipment and capitalized internal-use software costs. Free cash flow margin is calculated as free cash flow divided by total revenue. The Company believes that free cash flow and free cash flow margin are useful indicators of liquidity that provide its management, board of directors, and investors with information about its future ability to generate or use cash to enhance the strength of its balance sheet and further invest in its business and pursue potential strategic initiatives. Definitions of Business Metrics: Annual Recurring Revenue The Company defines Annual Recurring Revenue ('ARR') as the annual recurring revenue of subscription agreements at a point in time based on the terms of customers' contracts, including certain premium services that are subject to contractual subscription terms and Plus customers that we expect to recur. ARR should be viewed independently of revenue, and does not represent the Company's GAAP revenue on an annualized basis, as it is an operating metric that can be impacted by contract start and end dates and renewal rates. ARR is also not intended to be a forecast of revenue. Dollar-Based Net Retention Rate The Company calculates dollar-based net retention rate as of a period end by starting with the ARR from the cohort of all customers as of 12 months prior to such period-end (the 'Prior Period ARR'). The Company then calculates the ARR from these same customers as of the current period-end (the 'Current Period ARR'). Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months, but excludes ARR from new customers as well as any overage charges in the current period. The Company then divides the total Current Period ARR by the total Prior Period ARR to arrive at the dollar-based net retention rate ("NRR"). The Company then calculates the average of the trailing 12-month dollar-based net retention rates, to arrive at the dollar-based net retention rate ('NRR (TTM)'). About Amplitude: Amplitude is the leading digital analytics platform that helps companies unlock the power of their products. Over 4,300 customers, including Atlassian, NBCUniversal, Under Armour, Square, and Jersey Mike's, rely on Amplitude to gain self-service visibility into the entire customer journey. Amplitude guides companies every step of the way as they capture data they can trust, uncover clear insights about customer behavior, and take faster action. When teams understand how people are using their products, they can deliver better product experiences that drive growth. Amplitude is the best-in-class analytics solution for product, data, and marketing teams, ranked #1 in multiple categories in G2's Summer 2025 Report. Learn how to optimize your digital products and business at AMPLITUDE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue $ 83,270 $ 73,300 $ 163,223 $ 145,924 Cost of revenue (1) 22,812 19,485 43,016 38,374 Gross profit 60,458 53,815 120,207 107,550 Operating expenses: Research and development (1) $ 24,094 $ 21,145 $ 47,627 $ 44,098 Sales and marketing (1) 46,955 44,144 91,101 84,961 General and administrative (1) 16,503 15,686 32,771 30,356 Total operating expenses 87,552 80,975 171,499 159,415 Loss from operations (27,094 ) (27,160 ) (51,292 ) (51,865 ) Other income (expense), net 2,980 3,950 5,725 7,621 Loss before provision for income taxes (24,114 ) (23,210 ) (45,567 ) (44,244 ) Provision for income taxes 554 205 1,332 631 Net loss $ (24,668 ) $ (23,415 ) $ (46,899 ) $ (44,875 ) Net loss per share Basic and diluted $ (0.19 ) $ (0.19 ) $ (0.36 ) $ (0.37 ) Weighted-average shares used in calculating net loss per share: Basic and diluted 131,364 122,633 130,534 121,730 (1) Amounts include stock-based compensation expense as follows: Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Cost of revenue $ 1,469 $ 1,548 $ 2,736 $ 3,022 Research and development 8,657 8,197 16,163 17,111 Sales and marketing 9,740 8,647 17,559 15,518 General and administrative 4,639 4,346 8,644 8,151 Total stock-based compensation expense $ 24,505 $ 22,738 $ 45,102 $ 43,802 Expand AMPLITUDE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Cash flows from operating activities: Net loss $ (24,668 ) $ (23,415 ) $ (46,899 ) $ (44,875 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities Depreciation and amortization 2,374 1,312 4,659 2,762 Stock-based compensation expense 24,505 22,738 45,102 43,802 Other 351 (450 ) 605 (689 ) Non-cash operating lease costs 1,205 980 2,333 1,965 Changes in operating assets and liabilities: Accounts receivable 5,055 1,219 (10,325 ) (5,565 ) Prepaid expenses and other current assets (5,268 ) (2,857 ) (3,635 ) (5,065 ) Deferred commissions (4,018 ) 3 (4,725 ) 129 Other noncurrent assets (1,017 ) (2,042 ) (1,836 ) (4,951 ) Accounts payable (239 ) (12,056 ) 945 (709 ) Accrued expenses 3,643 3,290 1,770 2,783 Deferred revenue 19,655 21,664 26,988 21,865 Operating lease liabilities (1,524 ) (1,158 ) (2,950 ) (2,272 ) Net cash provided by (used in) operating activities 20,054 9,228 12,032 9,180 Cash flows provided by (used in) investing activities: Cash received from maturities of marketable securities 14,458 15,000 23,008 57,500 Purchase of marketable securities (30,778 ) — (64,513 ) (18,352 ) Purchase of property and equipment (538 ) (606 ) (977 ) (963 ) Capitalization of internal-use software costs (1,348 ) (1,781 ) (2,113 ) (2,514 ) Cash paid for acquisitions, net of cash acquired (400 ) — (400 ) — Net cash provided by (used in) investing activities (18,606 ) 12,613 (44,995 ) 35,671 Cash flows provided by (used in) financing activities: Proceeds from the exercise of stock options 591 1,463 2,120 3,257 Cash received for tax withholding obligations on equity award settlements 302 737 1,680 2,283 Cash paid for tax withholding obligations on equity award settlements (11,318 ) (7,404 ) (20,315 ) (16,537 ) Repurchase of common stock (2,537 ) — (2,537 ) — Net cash provided by (used in) financing activities (12,962 ) (5,204 ) (19,052 ) (10,997 ) Net increase (decrease) in cash, cash equivalents, and restricted cash (11,514 ) 16,637 (52,015 ) 33,854 Cash, cash equivalents, and restricted cash at beginning of the period 132,058 266,577 172,559 249,360 Cash, cash equivalents, and restricted cash at end of the period $ 120,544 $ 283,214 $ 120,544 $ 283,214 Expand AMPLITUDE, INC. Reconciliation of GAAP to Non-GAAP Data (In thousands, except percentages and per share amounts) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Reconciliation of gross profit and gross margin GAAP gross profit $ 60,458 $ 53,815 $ 120,207 $ 107,550 Plus: stock-based compensation expense and related employer payroll taxes 1,469 1,548 2,736 3,022 Plus: amortization of acquired intangible assets 187 62 369 332 Non-GAAP gross profit $ 62,114 $ 55,425 $ 123,312 $ 110,904 GAAP gross margin 72.6 % 73.4 % 73.6 % 73.7 % Non-GAAP adjustments 2.0 % 2.2 % 1.9 % 2.3 % Non-GAAP gross margin 74.6 % 75.6 % 75.5 % 76.0 % Reconciliation of operating expenses GAAP research and development $ 24,094 $ 21,145 $ 47,627 $ 44,098 Less: stock-based compensation expense and related employer payroll taxes (9,031 ) (8,482 ) (17,110 ) (18,014 ) Non-GAAP research and development $ 15,063 $ 12,663 $ 30,517 $ 26,084 GAAP research and development as percentage of revenue 28.9 % 28.8 % 29.2 % 30.2 % Non-GAAP research and development as percentage of revenue 18.1 % 17.3 % 18.7 % 17.9 % GAAP sales and marketing $ 46,955 $ 44,144 $ 91,101 $ 84,961 Less: stock-based compensation expense and related employer payroll taxes (10,018 ) (8,837 ) (18,176 ) (16,090 ) Less: amortization of acquired intangible assets (125 ) (44 ) (247 ) (87 ) Non-GAAP sales and marketing $ 36,812 $ 35,263 $ 72,678 $ 68,784 GAAP sales and marketing as percentage of revenue 56.4 % 60.2 % 55.8 % 58.2 % Non-GAAP sales and marketing as percentage of revenue 44.2 % 48.1 % 44.5 % 47.1 % GAAP general and administrative $ 16,503 $ 15,686 $ 32,771 $ 30,356 Less: stock-based compensation expense and related employer payroll taxes (4,789 ) (4,456 ) (9,062 ) (8,510 ) Non-GAAP general and administrative $ 11,714 $ 11,230 $ 23,709 $ 21,846 GAAP general and administrative as percentage of revenue 19.8 % 21.4 % 20.1 % 20.8 % Non-GAAP general and administrative as percentage of revenue 14.1 % 15.3 % 14.5 % 15.0 % Reconciliation of operating loss and operating margin GAAP loss from operations $ (27,094 ) $ (27,160 ) $ (51,292 ) $ (51,865 ) Plus: stock-based compensation expense and related employer payroll taxes 25,307 23,323 47,084 45,636 Plus: amortization of acquired intangible assets 312 106 616 419 Non-GAAP income (loss) from operations $ (1,475 ) $ (3,731 ) $ (3,592 ) $ (5,810 ) GAAP operating margin (32.5 %) (37.1 %) (31.4 %) (35.5 %) Non-GAAP adjustments 30.8 % 32.0 % 29.2 % 31.6 % Non-GAAP operating margin (1.8 %) (5.1 %) (2.2 %) (4.0 %) Reconciliation of net income (loss) GAAP net income (loss) $ (24,668 ) $ (23,415 ) $ (46,899 ) $ (44,875 ) Plus: stock-based compensation expense and related employer payroll taxes 25,307 23,323 47,084 45,636 Plus: amortization of acquired intangible assets 312 106 616 419 Less: income tax effect of non-GAAP adjustments — (16 ) — (158 ) Non-GAAP net income (loss) $ 951 $ (2 ) $ 801 $ 1,022 Reconciliation of net income (loss) per share GAAP net income (loss) per share, basic $ (0.19 ) $ (0.19 ) $ (0.36 ) $ (0.37 ) Non-GAAP adjustments to net income (loss) 0.20 0.19 0.37 0.38 Non-GAAP net income (loss) per share, basic $ 0.01 $ (0.00 ) $ 0.01 $ 0.01 Non-GAAP net income (loss) per share, diluted $ 0.01 $ (0.00 ) $ 0.01 $ 0.01 Weighted-average shares used in GAAP and non-GAAP per share calculation, basic 131,364 122,633 130,534 121,730 Weighted-average shares used in GAAP and non-GAAP per share calculation, diluted (1) 140,210 122,633 139,804 130,400 Note: Certain figures may not sum due to rounding (1) For the three and six months ended June 30, 2025 and for the six months ended June 30, 2024, the weighted average shares used in the GAAP per share calculation excludes 8.8 million shares, 9.3 million shares, and 8.7 million shares, respectively, as the effect is anti-dilutive in the period. Expand AMPLITUDE, INC. Historicals - Key Business Metrics (In millions, except percentages) (unaudited) March 31, 2024 June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 Annual Recurring Revenue (ARR) $ 285 $ 290 $ 298 $ 312 $ 320 $ 335 Dollar-based Net Retention Rate (NRR) 97% 96% 98% 100% 101% 104% Expand
