Estados financieros detallados de Amplitude, Inc. (AMPL): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Amplitude, Inc. registró ingresos de $343.2M en el último ejercicio fiscal, con un CAGR de 5 años del 27.3%.
Márgenes de los últimos 12 meses: margen bruto 72.4%, margen operativo -27.8%, margen neto -26.6%.
Al precio actual de $13.47, AMPL presenta beneficios negativos (P/E no significativo) y un ROE del -46.24%. La capitalización bursátil es de $1.8B.
Cuenta de Resultados (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $68.4M | $102.5M | $167.3M | $238.1M | $276.3M | $299.3M | $343.2M |
| Coste de Ventas | $22.1M | $30.5M | $51.8M | $70.4M | $71.9M | $76.9M | $89.3M |
| Beneficio Bruto | $46.3M | $72.0M | $115.5M | $167.6M | $204.4M | $222.3M | $253.9M |
| I+D | $19.0M | $26.1M | $48.3M | $80.6M | $90.1M | $97.6M | $97.6M |
| Generales y Administrativos | $61.6M | $69.9M | $141.4M | $183.6M | $208.6M | $232.2M | $252.4M |
| Gastos Operativos | $80.7M | $72.0M | $189.6M | $264.2M | $298.7M | $329.7M | $349.9M |
| Beneficio Operativo | -$34.3M | 0 | -$74.1M | -$96.6M | -$94.4M | -$107.4M | -$96.0M |
| EBITDA | -$33.6M | -$22.3M | -$70.9M | -$87.9M | -$83.5M | -$86.4M | -$75.7M |
| Gastos por Intereses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$32.9M | -$23.7M | -$74.0M | -$92.6M | -$89.1M | -$92.5M | -$85.3M |
| Impuestos | $663000 | $833000 | $1.0M | $796000 | $1.3M | $1.8M | $3.2M |
| Beneficio Neto | -$33.5M | -$24.6M | -$75.0M | -$93.4M | -$90.4M | -$94.3M | -$88.5M |
| BPA | $-1.37 | $-0.24 | $-0.68 | $-0.84 | $-0.77 | $-0.76 | $-0.67 |
| BPA Diluido | $-1.37 | $-0.24 | $-0.68 | $-0.84 | $-0.77 | $-0.76 | $-0.67 |
| Acciones en Circulación (Diluidas) | $24.6M | $102.4M | $109.9M | $111.4M | $116.9M | $123.9M | $132.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $88.6M | $91.4M | $93.5M | $100.9M |
| Beneficio Bruto | $65.5M | $68.2M | $68.3M | $69.1M |
| Beneficio Operativo | -$25.7M | -$19.1M | -$24.1M | -$35.2M |
| EBITDA | -$20.6M | -$14.2M | -$19.4M | -$30.9M |
| Beneficio Neto | -$24.0M | -$17.7M | -$23.3M | -$34.6M |
| BPA | $-0.18 | $-0.13 | $-0.17 | $-0.27 |
| BPA Diluido | $-0.18 | $-0.13 | $-0.17 | $-0.27 |
Balance (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $79.8M | $117.8M | $307.4M | $218.5M | $248.5M | $171.7M | $81.1M |
| Inversiones a Corto | 0 | 0 | 0 | $12.0M | $73.9M | $69.4M | $110.9M |
| Cuentas por Cobrar | $12.1M | $17.4M | $20.4M | $22.7M | $29.5M | $26.3M | $23.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $100.6M | $148.7M | $355.1M | $284.4M | $380.0M | $303.6M | $256.7M |
| Inmovilizado Material | $1.4M | $2.7M | $4.8M | $19.0M | $16.9M | $21.6M | $27.7M |
| Fondo de Comercio | 0 | $1.0M | $4.1M | $4.1M | $4.1M | $24.4M | $25.2M |
| Activos Intangibles | 0 | $2.0M | $3.6M | $2.0M | $609000 | $4.4M | $6.4M |
| Activos Totales | $113.2M | $175.1M | $400.4M | $413.8M | $433.7M | $445.9M | $420.7M |
| Cuentas por Pagar | $2.0M | $4.4M | $3.4M | $490000 | $3.1M | $991000 | $5.7M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $37.5M | $53.3M | $90.6M | $109.2M | $132.3M | $144.5M | $164.7M |
| Deuda a Largo | 0 | 0 | 0 | 0 | 0 | 0 | $6.9M |
| Pasivos Totales | $176.1M | $242.2M | $93.8M | $118.8M | $138.9M | $149.4M | $175.3M |
| Reservas | -$80.3M | -$104.8M | -$179.8M | -$273.2M | -$363.5M | -$457.8M | -$546.4M |
| Patrimonio Neto | -$62.9M | -$67.1M | $306.5M | $295.0M | $294.8M | $296.6M | $245.3M |
| Deuda Total | 0 | 0 | 0 | $11.1M | $8.2M | $5.6M | $9.6M |
| Deuda Neta | -$79.8M | -$117.8M | -$307.4M | -$219.4M | -$314.2M | -$235.5M | -$182.4M |
| Capital Circulante | $63.2M | $95.4M | $264.5M | $175.3M | $247.7M | $159.1M | $91.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $82.2M | $81.1M | $86.6M | $73.8M |
| Activos Totales | $438.1M | $420.7M | $401.7M | $356.6M |
| Pasivos Totales | $175.9M | $175.3M | $184.4M | $220.4M |
| Patrimonio Neto | $262.2M | $245.3M | $217.3M | $136.2M |
| Deuda Total | $3.8M | $9.6M | $10.1M | $5.5M |
Flujo de Caja (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$33.5M | -$24.6M | -$75.0M | -$93.4M | -$90.4M | -$94.3M | -$88.5M |
| Amortizaciones | $720000 | $1.7M | $3.1M | $4.7M | $5.6M | $6.1M | $9.6M |
| Compensación en Acciones | $7.3M | $16.6M | $34.4M | $67.2M | $88.3M | $100.0M | $92.1M |
| Cambio en Capital Circulante | $9.3M | -$4.3M | $4.0M | $12.3M | $18.5M | $2.4M | $10.1M |
| Flujo de Caja Operativo | -$16.0M | -$10.4M | -$31.7M | -$5.4M | $25.6M | $18.5M | $29.8M |
| Inversiones (CapEx) | -$648000 | -$2.2M | -$3.2M | -$5.8M | -$3.2M | -$6.8M | -$1.6M |
| Adquisiciones | 0 | -$3.7M | $1.7M | -$394000 | 0 | -$16.1M | -$3.0M |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | 0 | -$30.7M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$16.7M | -$12.6M | -$34.9M | -$11.2M | $22.4M | $11.7M | $28.2M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $5.0M | $12.8M | -$11.6M | $25.6M |
| Inversiones (CapEx) | -$1.6M | -$185000 | -$435000 | -$1.2M |
| Flujo de Caja Libre | $3.4M | $12.7M | -$12.0M | $24.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $25.1M | $21.9M | $20.0M | $26.8M |
Crecimiento y Márgenes (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +49.7% | +63.2% | +42.3% | +16.1% | +8.3% | +14.7% |
| Crecimiento Beneficio Neto (anual) | | +26.7% | -205.2% | -24.5% | +3.2% | -4.4% | +6.1% |
| Crecimiento BPA (anual) | | +82.5% | -183.3% | -23.5% | +8.3% | +1.3% | +11.8% |
| Cambio en Acciones (anual) | | +317.3% | +7.3% | +1.4% | +4.9% | +6.0% | +6.5% |
| Crecimiento FCF (anual) | | +24.5% | -177.3% | +68.0% | +300.5% | -47.8% | +140.5% |
| Margen Bruto | 67.7% | 70.3% | 69.1% | 70.4% | 74.0% | 74.3% | 74.0% |
| Margen Operativo | -50.2% | 0.0% | -44.3% | -40.6% | -34.2% | -35.9% | -28.0% |
| Margen EBITDA | -49.1% | -21.8% | -42.4% | -36.9% | -30.2% | -28.9% | -22.1% |
| Margen Neto | -49.0% | -24.0% | -44.8% | -39.2% | -32.7% | -31.5% | -25.8% |
| Margen FCF | -24.4% | -12.3% | -20.9% | -4.7% | 8.1% | 3.9% | 8.2% |
| Tasa Impositiva Efectiva | -2.0% | -3.5% | -1.4% | -0.9% | -1.4% | -1.9% | -3.8% |
Datos por Acción (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-0.68 | $-0.12 | $-0.32 | $-0.10 | $0.19 | $0.09 | $0.21 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $24.6M | $102.4M | $109.9M | $111.4M | $116.9M | $123.9M | $132.0M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -46.24% |
| Rentabilidad sobre capital invertido | -71.18% |
| Rentabilidad sobre activos | -27.91% |
| Margen bruto | 72.42% |
| Margen operativo | -27.79% |
| Margen neto | -26.59% |
Salud financiera
| Deuda / Patrimonio | 0.04 |
| Ratio corriente | 1.05 |
Ratios Clave (10 años)
| Año | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -40.00 | -228.33 | -77.85 | -14.38 | -16.52 | -13.88 | -17.28 |
| P/VC | -21.40 | -83.64 | 18.98 | 4.56 | 5.05 | 4.41 | 6.23 |
| P/V | 19.66 | 54.79 | 34.78 | 5.65 | 5.38 | 4.37 | 4.45 |
| Margen Bruto | 67.7% | 70.3% | 69.1% | 70.4% | 74.0% | 74.3% | 74.0% |
| Margen Operativo | -50.2% | 0.0% | -44.3% | -40.6% | -34.2% | -35.9% | -28.0% |
| Margen Neto | -49.0% | -24.0% | -44.8% | -39.2% | -32.7% | -31.5% | -25.8% |