Amplitude shares have dropped 5.1% over the past six months to $9.70, underperforming the S&P 500's 8.2% gain. The company's net revenue retention rate was 106% in the first quarter, indicating existing customer spending grew 6% year-over-year but lagging behind top SaaS peers that routinely exceed 120%. Amplitude posted an average GAAP operating margin of negative 26.9% over the last year, reflecting high costs to capture market share, while its free cash flow margin averaged just 5.5%, limiting reinvestment potential. The stock trades at 3 times forward price-to-sales, which is considered fair but does not inspire confidence.
Amplitude IncOperating losses and weak cash flow raise concerns about financial health.