Amplitude, Inc. (AMPL) intrinsic value & 10-year financials

Amplitude, Inc. (AMPL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 30.8% a year to $343.2M, with an average return on invested capital of 1133.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$14.75
Market cap
$1.9B
Revenue (FY2025)
$343.2M
Revenue growth (8-yr CAGR)
30.8%
ROIC (10-yr avg)
1133.8%
Free cash flow (FY2025)
$28.2M

AMPL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $343.2M -$88.5M -$0.67 $28.2M — -59.5%
FY2024 $299.3M -$94.3M -$0.76 $16.8M — -106.9%
FY2023 $276.3M -$90.4M -$0.77 $24.4M — -135.4%
FY2022 $238.1M -$93.4M -$0.84 -$9.0M — -225.9%
FY2021 $167.3M -$75.0M -$1.46 -$33.2M — 8359.3%
FY2020 $102.5M -$24.6M -$0.49 -$11.4M — 37.8%
FY2019 $68.4M -$33.5M — -$16.7M — 67.1%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Amplitude, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Amplitude, Inc. has historically struggled to out-earn its cost of capital, averaging just -44.1% ROIC.

Amplitude, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Amplitude, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-22.25 per share.

AMPL stock: frequently asked questions

What is the intrinsic value of Amplitude, Inc. (AMPL) stock?

Graham's formula only works with positive earnings. Amplitude, Inc. reported diluted EPS of -$0.67 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Amplitude, Inc. generate free cash flow?

Amplitude, Inc. generated $28.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 7 reported years.

What is AMPL's return on invested capital?

Average ROIC over the last 8 fiscal years was 1133.8%, and average return on equity was -12.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AMPL data come from?

From Amplitude, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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