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Amplitude, Inc.（AMPL）与微策略（MSTR）财务数据对比。点击上方公司名可切换其他公司
微策略的季度营收约是Amplitude, Inc.的1.3倍（$123.0M vs $91.4M），Amplitude, Inc.同比增速更快（17.0% vs 1.9%），过去两年Amplitude, Inc.的营收复合增速更高（12.2% vs 3.3%）
Amplitude是一家美国企业，专注于研发数字分析软件，能够帮助企业梳理用户行为数据、优化产品决策与数字化运营体验。该公司于2021年9月28日在纳斯达克交易所挂牌上市，股票代码为AMPL。
Strategy Inc（原名为微策略）是1989年成立的美国上市企业，主营商业智能与移动软件业务，旗下产品可帮助企业分析内外部数据以支撑经营决策，还可用于移动应用开发，总部位于弗吉尼亚州泰森斯角，商业分析赛道核心竞品包括SAP等。
AMPL vs MSTR — 直观对比
营收规模更大
MSTR
是对方的1.3倍
$91.4M
营收增速更快
AMPL
高出15.1%
1.9%
两年增速更快
AMPL
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $91.4M | $123.0M |
| 净利润 | $-17.7M | — |
| 毛利率 | 74.6% | 66.1% |
| 营业利润率 | -18.3% | — |
| 净利率 | -19.3% | — |
| 营收同比 | 17.0% | 1.9% |
| 净利润同比 | 45.8% | — |
| 每股收益（稀释后） | $-0.13 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMPLMSTR
| Q4 25 | $91.4M | $123.0M | ||
| Q3 25 | $88.6M | $128.7M | ||
| Q2 25 | $83.3M | $114.5M | ||
| Q1 25 | $80.0M | $111.1M | ||
| Q4 24 | $78.1M | $120.7M | ||
| Q3 24 | $75.2M | $116.1M | ||
| Q2 24 | $73.3M | $111.4M | ||
| Q1 24 | $72.6M | $115.2M |
净利润AMPLMSTR
| Q4 25 | $-17.7M | — | ||
| Q3 25 | $-24.0M | $2.8B | ||
| Q2 25 | $-24.7M | $10.0B | ||
| Q1 25 | $-22.2M | $-4.2B | ||
| Q4 24 | $-32.6M | $-670.8M | ||
| Q3 24 | $-16.9M | $-340.2M | ||
| Q2 24 | $-23.4M | $-102.6M | ||
| Q1 24 | $-21.5M | $-53.1M |
毛利率AMPLMSTR
| Q4 25 | 74.6% | 66.1% | ||
| Q3 25 | 73.9% | 70.5% | ||
| Q2 25 | 72.6% | 68.8% | ||
| Q1 25 | 74.7% | 69.4% | ||
| Q4 24 | 74.7% | 71.7% | ||
| Q3 24 | 75.1% | 70.4% | ||
| Q2 24 | 73.4% | 72.2% | ||
| Q1 24 | 74.0% | 74.0% |
营业利润率AMPLMSTR
| Q4 25 | -18.3% | — | ||
| Q3 25 | -26.0% | — | ||
| Q2 25 | -29.0% | — | ||
| Q1 25 | -26.8% | -5331.4% | ||
| Q4 24 | -41.2% | -842.1% | ||
| Q3 24 | -21.4% | -372.7% | ||
| Q2 24 | -31.7% | -179.7% | ||
| Q1 24 | -29.0% | -176.8% |
净利率AMPLMSTR
| Q4 25 | -19.3% | — | ||
| Q3 25 | -27.1% | 2164.1% | ||
| Q2 25 | -29.6% | 8752.7% | ||
| Q1 25 | -27.8% | -3797.2% | ||
| Q4 24 | -41.7% | -555.8% | ||
| Q3 24 | -22.4% | -293.1% | ||
| Q2 24 | -31.9% | -92.0% | ||
| Q1 24 | -29.5% | -46.1% |
每股收益（稀释后）AMPLMSTR
| Q4 25 | $-0.13 | — | ||
| Q3 25 | $-0.18 | $8.42 | ||
| Q2 25 | $-0.19 | $32.60 | ||
| Q1 25 | $-0.17 | $-16.49 | ||
| Q4 24 | $-0.25 | $4.49 | ||
| Q3 24 | $-0.14 | $-1.72 | ||
| Q2 24 | $-0.19 | $-0.57 | ||
| Q1 24 | $-0.18 | $-0.31 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $192.0M | $2.3B |
| 总债务越低越好 | — | $8.2B |
| 股东权益账面价值 | $245.3M | $44.1B |
| 总资产 | $420.7M | $61.6B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资AMPLMSTR
| Q4 25 | $192.0M | $2.3B | ||
| Q3 25 | $189.2M | $54.3M | ||
| Q2 25 | $208.1M | $50.1M | ||
| Q1 25 | $209.0M | $60.3M | ||
| Q4 24 | $241.1M | $38.1M | ||
| Q3 24 | $319.9M | $46.3M | ||
| Q2 24 | $318.3M | $66.9M | ||
| Q1 24 | $316.1M | $81.3M |
总债务AMPLMSTR
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | — | $8.2B | ||
| Q1 25 | — | $8.1B | ||
| Q4 24 | — | $7.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.6B |
股东权益AMPLMSTR
| Q4 25 | $245.3M | $44.1B | ||
| Q3 25 | $262.2M | $52.3B | ||
| Q2 25 | $279.5M | $47.5B | ||
| Q1 25 | $289.5M | $32.2B | ||
| Q4 24 | $296.6M | $18.2B | ||
| Q3 24 | $290.0M | $3.8B | ||
| Q2 24 | $287.3M | $2.8B | ||
| Q1 24 | $289.2M | $2.4B |
总资产AMPLMSTR
| Q4 25 | $420.7M | $61.6B | ||
| Q3 25 | $438.1M | $73.6B | ||
| Q2 25 | $456.6M | $64.8B | ||
| Q1 25 | $445.8M | $43.9B | ||
| Q4 24 | $445.9M | $25.8B | ||
| Q3 24 | $445.6M | $8.3B | ||
| Q2 24 | $445.4M | $7.1B | ||
| Q1 24 | $437.9M | $6.4B |
负债/权益比AMPLMSTR
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.36× | ||
| Q1 24 | — | 1.48× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $12.8M | — |
| 自由现金流经营现金流 - 资本支出 | $12.7M | — |
| 自由现金流率自由现金流/营收 | 13.8% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $28.2M | — |
8季度趋势，按日历期对齐
经营现金流AMPLMSTR
| Q4 25 | $12.8M | — | ||
| Q3 25 | $5.0M | $-8.3M | ||
| Q2 25 | $20.1M | $-34.9M | ||
| Q1 25 | $-8.0M | $-2.4M | ||
| Q4 24 | $3.2M | $-17.3M | ||
| Q3 24 | $6.2M | $-41.0M | ||
| Q2 24 | $9.2M | $-23.3M | ||
| Q1 24 | $-48.0K | $28.6M |
自由现金流AMPLMSTR
| Q4 25 | $12.7M | — | ||
| Q3 25 | $4.5M | $-11.1M | ||
| Q2 25 | $19.5M | $-37.0M | ||
| Q1 25 | $-8.5M | $-5.1M | ||
| Q4 24 | $2.4M | $-17.6M | ||
| Q3 24 | $6.2M | $-41.4M | ||
| Q2 24 | $8.6M | $-24.1M | ||
| Q1 24 | $-405.0K | $27.0M |
自由现金流率AMPLMSTR
| Q4 25 | 13.8% | — | ||
| Q3 25 | 5.1% | -8.6% | ||
| Q2 25 | 23.4% | -32.3% | ||
| Q1 25 | -10.6% | -4.6% | ||
| Q4 24 | 3.1% | -14.6% | ||
| Q3 24 | 8.2% | -35.7% | ||
| Q2 24 | 11.8% | -21.6% | ||
| Q1 24 | -0.6% | 23.5% |
资本支出强度AMPLMSTR
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.5% | 2.2% | ||
| Q2 25 | 0.6% | 1.8% | ||
| Q1 25 | 0.5% | 2.5% | ||
| Q4 24 | 1.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.8% | 0.6% | ||
| Q1 24 | 0.5% | 1.3% |
现金转化率AMPLMSTR
| Q4 25 | — | — | ||
| Q3 25 | — | -0.00× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMPL
| US | $55.8M | 61% |
| International | $35.7M | 39% |
MSTR
暂无分部数据
