Annual Recurring Revenue (ARR) reached $374M, up 17% YoY and +$9M sequentially (CEO, CFO).
Non-GAAP operating loss was $3.1M (CEO, CFO).
Customers with >$100K ARR grew to 727, up 18% YoY (CEO, CFO).
Dollar-based net retention improved sequentially to 106% (CEO, CFO).
Multiproduct accounts now represent >77% of ARR, up 3 points from prior quarter; customers with 5+ products account for 24% of ARR, up from 20% (CFO).
Total RPO grew 31% YoY to $427M; current RPO up 20% YoY; long-term RPO up 60% YoY (CFO).
Gross margin was 75%, down 2 points YoY, driven by growth in inference costs from AI tool adoption (CFO).
Free cash flow was negative $13.2M, or negative 14% of revenue (CFO).
Statsig partnership adds $16M in incremental ARR from the Statsig customer base, with a $5M–$7M full-year revenue contribution expected (CFO).
Official Guidance:
Q2 2026: Revenue between $96.9M and $99.1M (18% growth at midpoint); non-GAAP operating income between -$3.6M and -$1.6M; non-GAAP net income per share between -$0.02 and -$0.01 (134M basic shares) (CFO).
Full Year 2026: Revenue between $397M and $403M (17% growth at midpoint); non-GAAP operating income between $2.5M and $6.5M; non-GAAP net income per share between $0.03 and $0.06 (145.1M fully diluted shares) (CFO).
Mgmt Quotes:
"I am focused on aggressively transforming Amplitude into an AI company." (CEO)
"Over 90% of the code our team ships today is written by AI." (CEO)
"We are in a moment of transformation. We are transforming the value our customers receive. We are transforming how we deliver value, and we are transforming our organization from the ground up." (CFO)
"By combining Statsig's industry-leading warehouse native experimentation with Amplitude's best-in-class analytics platform, we're expanding our total addressable market and meeting customers where their data needs are." (CFO)
"We are accelerating our pace of innovation, and we're growing the value that we can deliver to our customers." (CFO)
Prepared Metrics
Metric
Value
Speaker/Context
Revenue (Q1 2026)
$93.5M
CFO
Revenue Growth (YoY)
17%
CFO
ARR (end of Q1)
$374M
CEO, CFO
ARR Growth (YoY)
17%
CEO, CFO
Customers >$100K ARR
727
CEO, CFO
Dollar-Based Net Retention
106%
CEO, CFO
Multiproduct ARR %
>77%
CFO
Gross Margin
75%
CFO
Non-GAAP Operating Loss
$3.1M
CEO, CFO
Free Cash Flow
-$13.2M
CFO
Total RPO
$427M
CFO
Current RPO Growth (YoY)
20%
CFO
Long-Term RPO Growth (YoY)
60%
CFO
Q&A Batch (1-5 of 11)
Q1 — Taylor McGinnis
Topic: Statsig acquisition rationale, revenue guidance impact, and Q1 net new ARR performance
Key points:
OpenAI is foregoing the Statsig business; OpenAI will continue running the technology internally with the existing Statsig team at OpenAI.
Guidance incorporates a fair value assessment on Statsig revenue, which reduces reported revenue relative to ARR.
Q1 net new ARR was flattish year-over-year; leadership changes and pricing/packaging changes had an impact, but ARR exceeded guidance, net dollar retention increased, and $100k+ customers were added.
Mgmt stance: Bullish — management is excited about the Statsig opportunity and proud of executing through organizational changes while beating Q1 guidance.
Q2 — Robert Oliver
Topic: (Incomplete exchange — no substantive content provided)
Key points: None available.
Mgmt stance: Not applicable.
Q3 — Andrew Casey / Spenser Skates
Topic: Pricing/packaging adoption, Statsig integration costs, and AI impact on margins
Key points:
New pricing/packaging received positive sales team response; customers added more product in Q1 due to simplicity and cost predictability; no forced migrations, only carrot-based adoption.
Statsig is expected to be long-term accretive; guidance includes operating expenses for Statsig, but exact quantification is rough due to deal closing on Friday.
AI spend (e.g., tokens for Global Agent) puts short-term pressure on gross margin, but is expected to be accretive to revenue growth and operating margin long term (e.g., top engineers shipping 5x pull requests with thousands of dollars/month in token spend).
Mgmt stance: Bullish — management sees AI and Statsig as accretive long term, with operating leverage from efficiency gains, despite short-term margin pressure.
Q4 — Spenser Skates
Topic: AI adoption friction, customer education needs, and execution risk amid multiple changes
Key points:
AI automates manual setup (e.g., Amplitude CLI), but traditional enterprises (e.g., Fox Broadcasting, Walmart) require hands-on education and human touch for AI adoption.
Management acknowledges execution risk from AI shift, leadership changes, pricing/packaging changes, and Statsig acquisition; approach is to run fast despite bumpiness, focusing on future billions in revenue rather than current ~$400M ARR.
Mgmt stance: Bullish — management is deliberately aggressive, prioritizing speed and reinvention over conservatism, expecting to generate billions in revenue in the new AI-driven category.
Q5 — Clark Wright
Topic: Event pricing curve ramp and Statsig TAM expansion
Key points:
New pricing/packaging soft rollout in Q1 was handheld; systems for quoting are now implemented; customers see marginal incremental cost reduction as events increase, while ARR grows.
Statsig brings experimentation (e.g., powering ChatGPT prompt A/B tests) and data warehouse architecture capabilities; unlocks data warehouse and data warehouse adjacent budgets, especially at multimillion-dollar customers.
Mgmt stance: Bullish — management sees pricing changes reinforcing sales velocity and Statsig expanding TAM into data leader budgets.
Q&A Batch (6-10 of 11)
Q6 — Scott Berg
Topic: Gross margin pressure from AI model choices; Statsig partnership structure
Key points:
Inference spend is growing, reflected in both operating margin guide and gross margin guide.
Customers demand bleeding-edge models (e.g., latest Sonnet, Codex) for high accuracy; downgrading could reduce accuracy from 76% to ~40%.
Price performance of models improves 10x+ year-on-year; long-term optimization expected.
Statsig partnership (not acquisition): Amplitude takes on all customer contracts and brand assets; OpenAI retains Statsig for internal noncommercial use.
Mgmt stance: Neutral on gross margins near-term (prioritizing market share over optimization); bullish on long-term model cost improvement.
Q7 — Nicholas Altmann
Topic: Statsig customer overlap; NRR vs. ARR growth disconnect
Key points:
Minimal product overlap between Statsig (experimentation) and Amplitude (analytics); overlapping customers present cross-sell opportunity for guides, surveys, replay.
NRR accelerated while ARR growth stayed at 17%; Q1 was expansion-heavy (partially due to strong Q4 new logos), while Q2 may shift to more new logos.
Long-term view: new products and platform value support continued expansions.
Mgmt stance: Bullish on Statsig opportunity (early, three days in); neutral on quarterly metric mix (normal quarter-to-quarter variation).
Q8 — Arjun Bhatia
Topic: AI usage driving inference costs; software development lifecycle changes
Key points:
AI usage concentrated in MCP server, Global Agent (chat), and specialized agents; these drive vast majority of inference costs.
Tech companies already embracing automated instrumentation and agent-driven development (e.g., Agent Analytics announced ~6 weeks ago).
Non-tech companies are much earlier, focused on efficiency gains (e.g., CLI wizard, chat-generated dashboards); full transformation expected in a few years.
Mgmt stance: Bullish on early AI adoption in tech; cautious on non-tech timeline (years away from bleeding-edge use).
Q9 — William Fitzsimmons
Topic: Go-to-market changes with new Chief Commercial Officer; post-sales motion
Key points:
Nate (previously CRO for 3 years) now runs post-sales, revenue operations, and enablement; prior President Thomas upgraded enterprise engagement over 3.5 years.
Customers seek expertise on AI transformation; even non-Amplitude AI questions (e.g., "how to run an AI week") are valued.
Mgmt stance: Bullish on go-to-market upgrades (technical talent, deployed engineers); early but well-received by customers.
Q10 — George McGreehan
Topic: Sales incentive comp; AI agent adoption trends
Key points:
Sales incentives for platform adoption and multiyear deals continue; tweaked quarterly; current priority is Statsig customer success with specific incentives.
AI agent adoption has seen a "significant increase" but no specific number shared this quarter; update expected next quarter.
Mgmt stance: Neutral on comp changes (no major strategy shift); bullish on agent adoption growth (will provide update next quarter).