Amplitude, Inc.
AMPL Technology Software Application
Amplitude, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $343.2 million, up 14.7% from fiscal 2024.
- Revenue
- +24.9%
- EPS
- −5.56%
- Free cash flow
- +73.6%
Quarter to September 2026, against a year earlier
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Amplitude, Inc. (AMPL) Beneish M-score
Amplitude, Inc.'s Beneish M-score for fiscal 2025 is −3.86; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −3.86 | (0.85) |
| FY2024 | −3.01 | 0.81 |
| FY2023 | −3.82 | (1.25) |
| FY2022 | −2.57 | 0.16 |
| FY2021 | −2.73 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.78 | — | 0.71 | |
| Gross margin index | 1.00 | — | 0.53 | |
| Asset quality index | 1.22 | — | 0.49 | |
| Sales growth index | 1.15 | — | 1.02 | |
| Depreciation index | 0.80 | — | 0.09 | |
| SG&A index | 0.95 | — | −0.16 | |
| Total accruals to total assets | (0.28) | — | −1.32 | |
| Leverage index | 1.21 | — | −0.40 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −3.86 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| AMPL Amplitude, Inc. | −3.9× |
| KARO Karooooo Ltd. compare | −3.3× |
| KC Kingsoft Cloud Holdings Limited Sponsored ADR compare | −3.1× |
| DBD Diebold Nixdorf, Incorporated compare | −2.7× |
| GRND Grindr Inc. compare | −2.7× |
| BL BlackLine compare | −2.7× |
| ADEA Adeia Inc. compare | −2.6× |
| PLUS ePlus inc. compare | −1.6× |
| SOUN SoundHound AI, Inc. compare | −1.2× |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI
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- Piotroski F-score
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- The full statement