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A Amplitude Amplitude Announces Third Quarter 2021 Financial Results November 9 , 2021 • Revenue of $ 45.5M , up 72 % year - over - year • Current Remaining Performance Obligations of $ 125.9M , up 66 % year over year SAN FRANCISCO -- ( BUSINESS WIRE ) -- Nov . 9 , 2021-- Amplitude , Inc. ( Nasdaq : AMPL ) , the pioneer in digital optimization , today announced financial results for its third quarter ended September 30 , 2021 . " Digital products are powering how businesses operate , go to market and generate revenue , " said Spenser Skates , CEO and co - founder of Amplitude . " Organizations have to optimize their digital transformation investments , and to do so they are turning to Amplitude to drive product strategy , innovation and growth . Good execution combined with strong demand for the Amplitude Digital Optimization System drove our third quarter results . We believe we are in the very early stages of a large market opportunity and that Amplitude can help companies of various sizes and digital maturities build great products through data . " Third Quarter 2021 Financial Highlights : ( in millions , except per share and percentage amounts ) Revenue Remaining Performance Obligations Current Remaining Performance Obligations GAAP from Operations Non - GAAP Loss from Operations GAAP Net Loss Per Share Non - GAAP Net Loss Per Share Third Quarter Third Quarter Year - Over - Year 2021 2020 Change Free Cash Flow $ 45.5 $ 152.0 $ 125.9 $ ( 36.8 ) $ ( 2.3 ) $ ( 0.93 ) $ ( 0.05 ) Net Cash provided by ( used in ) Operating Activities $ ( 15.1 ) $ ( 15.8 ) $ 26.4 $ 84.8 $ 75.7 $ ( 2.4 ) $ ( 0.7 ) $ ( 0.10 ) $ ( 0.03 ) $ 2.5 $ 1.9 72 % 79 % 66 % $ ( 34.4 ) $ ( 1.6 ) $ ( 0.83 ) $ ( 0.02 ) $ ( 17.6 ) $ ( 17.7 ) Non - GAAP loss from operations and non - GAAP net loss per share exclude expenses related to stock - based compensation expense and related employer payroll taxes , amortization of acquired intangible assets , and non - recurring costs , such as direct listing costs . Direct listing costs were $ 16.1 million in the third quarter of 2021 and there were no direct listing costs in the third quarter of 2020. Free cash flow is GAAP net cash provided by ( used in ) operating activities , less cash used for purchases of property and equipment and capitalized internal - use software costs . The section titled " Non - GAAP Financial Measures " below contains a description of the non - GAAP financial measures and reconciliations between historical GAAP and non - GAAP information are contained in the tables below . Third Quarter and Recent Business Highlights • Number of paying customers grew 54 % year - over - year to 1,417 . • Dollar - based net retention rate at the end of September 30 , 2021 , was 121 % compared to 119 % at the end of September 30 , 2020 . • Announced the appointment of Jim Whitehurst , formerly president of IBM and CEO of Red Hat , to Amplitude's Board of