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Side-by-side financial comparison of Amplitude, Inc. (AMPL) and Franklin BSP Realty Trust, Inc. (FBRT). Click either name above to swap in a different company.

Amplitude, Inc. is the larger business by last-quarter revenue ($91.4M vs $81.1M, roughly 1.1× Franklin BSP Realty Trust, Inc.). Franklin BSP Realty Trust, Inc. runs the higher net margin — 22.7% vs -19.3%, a 42.0% gap on every dollar of revenue. On growth, Franklin BSP Realty Trust, Inc. posted the faster year-over-year revenue change (25.8% vs 17.0%). Over the past eight quarters, Franklin BSP Realty Trust, Inc.'s revenue compounded faster (22.6% CAGR vs 12.2%).

Amplitude is an American publicly traded company that develops digital analytics software. The company was listed publicly on the Nasdaq stock exchange under the ticker symbol AMPL on September 28, 2021.

Franklin BSP Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on originating, investing in, and managing a diversified portfolio of commercial real estate debt assets, including first mortgage loans, mezzanine financing and other credit-related real estate products. It operates primarily in the U.S. market, targeting consistent risk-adjusted returns and stable income distributions for investors.

AMPL vs FBRT — Head-to-Head

Bigger by revenue
AMPL
AMPL
1.1× larger
AMPL
$91.4M
$81.1M
FBRT
Growing faster (revenue YoY)
FBRT
FBRT
+8.7% gap
FBRT
25.8%
17.0%
AMPL
Higher net margin
FBRT
FBRT
42.0% more per $
FBRT
22.7%
-19.3%
AMPL
Faster 2-yr revenue CAGR
FBRT
FBRT
Annualised
FBRT
22.6%
12.2%
AMPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPL
AMPL
FBRT
FBRT
Revenue
$91.4M
$81.1M
Net Profit
$-17.7M
$18.4M
Gross Margin
74.6%
Operating Margin
-18.3%
Net Margin
-19.3%
22.7%
Revenue YoY
17.0%
25.8%
Net Profit YoY
45.8%
-39.1%
EPS (diluted)
$-0.13
$0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMPL
AMPL
FBRT
FBRT
Q4 25
$91.4M
$81.1M
Q3 25
$88.6M
$89.5M
Q2 25
$83.3M
$49.3M
Q1 25
$80.0M
$50.1M
Q4 24
$78.1M
$64.5M
Q3 24
$75.2M
$54.0M
Q2 24
$73.3M
$50.9M
Q1 24
$72.6M
$54.0M
Net Profit
AMPL
AMPL
FBRT
FBRT
Q4 25
$-17.7M
$18.4M
Q3 25
$-24.0M
$17.3M
Q2 25
$-24.7M
$23.2M
Q1 25
$-22.2M
$24.1M
Q4 24
$-32.6M
$30.2M
Q3 24
$-16.9M
$31.6M
Q2 24
$-23.4M
$-2.2M
Q1 24
$-21.5M
$35.9M
Gross Margin
AMPL
AMPL
FBRT
FBRT
Q4 25
74.6%
Q3 25
73.9%
Q2 25
72.6%
Q1 25
74.7%
Q4 24
74.7%
Q3 24
75.1%
Q2 24
73.4%
Q1 24
74.0%
Operating Margin
AMPL
AMPL
FBRT
FBRT
Q4 25
-18.3%
Q3 25
-26.0%
Q2 25
-29.0%
Q1 25
-26.8%
Q4 24
-41.2%
Q3 24
-21.4%
Q2 24
-31.7%
Q1 24
-29.0%
Net Margin
AMPL
AMPL
FBRT
FBRT
Q4 25
-19.3%
22.7%
Q3 25
-27.1%
19.3%
Q2 25
-29.6%
47.1%
Q1 25
-27.8%
48.0%
Q4 24
-41.7%
46.8%
Q3 24
-22.4%
58.5%
Q2 24
-31.9%
-4.3%
Q1 24
-29.5%
66.6%
EPS (diluted)
AMPL
AMPL
FBRT
FBRT
Q4 25
$-0.13
$0.13
Q3 25
$-0.18
$0.12
Q2 25
$-0.19
$0.19
Q1 25
$-0.17
$0.20
Q4 24
$-0.25
$0.28
Q3 24
$-0.14
$0.30
Q2 24
$-0.19
$-0.11
Q1 24
$-0.18
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMPL
AMPL
FBRT
FBRT
Cash + ST InvestmentsLiquidity on hand
$192.0M
$167.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$245.3M
$1.4B
Total Assets
$420.7M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPL
AMPL
FBRT
FBRT
Q4 25
$192.0M
$167.3M
Q3 25
$189.2M
$116.7M
Q2 25
$208.1M
$414.1M
Q1 25
$209.0M
$215.4M
Q4 24
$241.1M
$184.4M
Q3 24
$319.9M
$346.2M
Q2 24
$318.3M
$94.8M
Q1 24
$316.1M
$240.0M
Stockholders' Equity
AMPL
AMPL
FBRT
FBRT
Q4 25
$245.3M
$1.4B
Q3 25
$262.2M
$1.5B
Q2 25
$279.5M
$1.5B
Q1 25
$289.5M
$1.5B
Q4 24
$296.6M
$1.5B
Q3 24
$290.0M
$1.5B
Q2 24
$287.3M
$1.5B
Q1 24
$289.2M
$1.6B
Total Assets
AMPL
AMPL
FBRT
FBRT
Q4 25
$420.7M
$6.1B
Q3 25
$438.1M
$6.2B
Q2 25
$456.6M
$5.6B
Q1 25
$445.8M
$5.7B
Q4 24
$445.9M
$6.0B
Q3 24
$445.6M
$6.3B
Q2 24
$445.4M
$6.3B
Q1 24
$437.9M
$6.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMPL
AMPL
FBRT
FBRT
Operating Cash FlowLast quarter
$12.8M
$291.9M
Free Cash FlowOCF − Capex
$12.7M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
15.88×
TTM Free Cash FlowTrailing 4 quarters
$28.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPL
AMPL
FBRT
FBRT
Q4 25
$12.8M
$291.9M
Q3 25
$5.0M
$-148.1M
Q2 25
$20.1M
$11.8M
Q1 25
$-8.0M
$116.2M
Q4 24
$3.2M
$57.2M
Q3 24
$6.2M
$97.4M
Q2 24
$9.2M
$1.9M
Q1 24
$-48.0K
$13.0M
Free Cash Flow
AMPL
AMPL
FBRT
FBRT
Q4 25
$12.7M
Q3 25
$4.5M
Q2 25
$19.5M
Q1 25
$-8.5M
Q4 24
$2.4M
Q3 24
$6.2M
Q2 24
$8.6M
Q1 24
$-405.0K
FCF Margin
AMPL
AMPL
FBRT
FBRT
Q4 25
13.8%
Q3 25
5.1%
Q2 25
23.4%
Q1 25
-10.6%
Q4 24
3.1%
Q3 24
8.2%
Q2 24
11.8%
Q1 24
-0.6%
Capex Intensity
AMPL
AMPL
FBRT
FBRT
Q4 25
0.2%
Q3 25
0.5%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
1.0%
Q3 24
0.0%
Q2 24
0.8%
Q1 24
0.5%
Cash Conversion
AMPL
AMPL
FBRT
FBRT
Q4 25
15.88×
Q3 25
-8.56×
Q2 25
0.51×
Q1 25
4.83×
Q4 24
1.90×
Q3 24
3.08×
Q2 24
Q1 24
0.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMPL
AMPL

US$55.8M61%
International$35.7M39%

FBRT
FBRT

New Point Holdings JVLLC$77.3M95%
Other$2.1M3%
Office Building$1.7M2%

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