Amplitude, Inc. — Earnings Quality Grade F
AMPL · Technology
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 25 days, change -7 days YoY
AR growth -11.1% vs revenue growth 14.7%
Revenue 14.7%, CFFO 61.2%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -6.4% vs revenue 14.7%. Normal
SG&A/Gross Profit = 99.4%, exceeds 70%
Gross margin 74.0%, change -0.3pp. Stable
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.0B, FCF/NI = -0.27
Accruals ratio = -28.1%. Low accruals
Cash $0.2B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.0B = 13% of equity. Manageable
Debt/EBITDA = -0.1x. Healthy
Other assets grew 30.4% vs revenue 14.7%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 10% YoY. Normal
Manipulation Score
M-Score = -3.87 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25