Amplitude, Inc. Leases Disclosure
The components of lease expense were as follows (in thousands, except years and rate):
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Operating lease cost |
|
$ |
4,395 |
|
|
$ |
3,985 |
|
Short-term lease cost |
|
|
116 |
|
|
|
959 |
|
Total lease cost |
|
$ |
4,511 |
|
|
$ |
4,944 |
|
|
|
As of December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Weighted average remaining term (years) |
|
|
2.76 |
|
|
|
1.73 |
|
Weighted average discount rate |
|
|
5.57 |
% |
|
|
4.08 |
% |
Supplemental cash flow information related to operating leases was as follows (in thousands):
|
|
Year Ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Right-of-use assets obtained in exchange for new operating lease liabilities |
|
$ |
7,869 |
|
|
$ |
2,209 |
|
Cash paid for operating lease liabilities |
|
$ |
4,650 |
|
|
$ |
4,888 |
|
Future minimum lease payments under non-cancellable operating leases with initial lease terms in excess of one year included in the Company’s lease liabilities as of December 31, 2025 were as follows (in thousands):
Year ending December 31: |
|
|
|
|
2026 |
|
$ |
2,744 |
|
2027 |
|
|
4,073 |
|
2028 |
|
|
3,133 |
|
2029 |
|
|
492 |
|
Total undiscounted operating lease payments |
|
$ |
10,442 |
|
Less: imputed interest |
|
|
(875 |
) |
Total operating lease liabilities |
|
$ |
9,568 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 16, 2023 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.