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Ambiq Micro, Inc. provides ultra-low-power semiconductor solutions in the United States, Europe, Asia, and internationally. It develops sub-threshold power-optimized technology (SPOT) platform which is designed to reduce power consumption of battery- and wireline-powered devices alike. The company's flagship products include Apollo family of products which pair rich peripheral sets with host processors capable of software-based AI computations or vector-accelerated AI computations; and Atomiq, targeting AI applications to provide AI acceleration along with new memory innovations. It also provides AmbiqSuite Software Development Kit (SDK), which provides firmware and drivers required to operate systems-on-chips (SoC); software modules, such as graphiqSPOT for graphics and display management, blueSPOT for Bluetooth communications, secureSPOT for managing security, and others; and AI enablement software. The company serves various markets requiring on-device and real-time AI, including smartwatches and fitness trackers, augmented and virtual reality (AR/VR) glasses, smart rings, digital health monitors, security systems and access control, livestock tracking, crop monitoring, and factory automation. It offers its products through internal direct sales force, and through a network of distributors and sales representatives. The company was formerly known as Cubiq Microchip, Inc. and changed its name to Ambiq Micro, Inc. in October 2012. The company was incorporated in 2010 and is based in Austin, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $73M | $-32M | $-36M | $-27M | -22.4% | -4.7% | -8.1% |
| 2024 | $76M | $-34M | $-40M | $-25M | 13.6% | 16.1% | -21.2% |
| 2023 | $66M | $-44M | $-50M | $-30M | 19.3% | -28.0% | 98.6% |
| 2021 | $91M | $-22M | $-25M | $-58M | 17.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 91.01 | 65.54 | 76.07 | 72.51 |
| Operating Revenue | 91.01 | 65.54 | 76.07 | 72.51 |
| Cost Of Revenue | 60.24 | 46.10 | 51.78 | 40.42 |
| Gross Profit | 30.77 | 19.44 | 24.29 | 32.10 |
| Operating Expense | 55.23 | 70.76 | 64.90 | 71.64 |
| Research And Development | 36.11 | 44.02 | 37.17 | 38.49 |
| Selling General And Administration | 19.12 | 26.74 | 27.74 | 33.15 |
| Total Expenses | 115.47 | 116.86 | 116.68 | 112.06 |
| Operating Income | -24.46 | -51.32 | -40.61 | -39.54 |
| Total Operating Income As Reported | -25.10 | -51.32 | -40.61 | -39.54 |
| EBITDA | -21.85 | -43.61 | -34.37 | -32.33 |
| Normalized EBITDA | -21.22 | -43.61 | -34.37 | -32.33 |
| EBIT | -24.46 | -51.32 | -40.61 | -39.54 |
| Net Interest Income | 0.04 | - | - | - |
| Other Non Operating Income Expenses | -0.26 | 1.02 | 0.98 | 3.12 |
| Other Income Expense | -0.90 | 1.02 | 0.98 | 3.12 |
| Net Non Operating Interest Income Expense | 0.04 | - | - | - |
| Pretax Income | -25.32 | -50.30 | -39.63 | -36.42 |
| Tax Provision | 0.02 | 0.03 | 0.03 | 0.04 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | -0.17 | 0 | 0 | 0 |
| Net Income Continuous Operations | -25.34 | -50.33 | -39.66 | -36.46 |
| Net Income From Continuing And Discontinued Operation | -25.34 | -50.33 | -39.66 | -36.46 |
| Net Income From Continuing Operation Net Minority Interest | -25.34 | -50.33 | -39.66 | -36.46 |
| Net Income | -25.34 | -50.33 | -39.66 | -36.46 |
| Net Income Common Stockholders | -25.34 | -52.27 | -42.38 | -36.46 |
| Net Income Including Noncontrolling Interests | -25.34 | -50.33 | -39.66 | -36.46 |
| Normalized Income | -24.88 | -50.33 | -39.66 | -36.46 |
| Diluted NI Availto Com Stockholders | -25.34 | -52.27 | -42.38 | -36.46 |
| Basic Average Shares | 248.89 | 10.45 | 17.64 | 7.98 |
| Diluted Average Shares | 248.89 | 10.45 | 17.64 | 7.98 |
| Reconciled Depreciation | 2.61 | 7.72 | 6.25 | 7.22 |
| Reconciled Cost Of Revenue | 60.24 | 46.10 | 51.78 | 40.42 |
| Total Unusual Items | -0.64 | - | - | - |
| Total Unusual Items Excluding Goodwill | -0.64 | - | - | - |
| Preferred Stock Dividends | - | 1.94 | 2.72 | - |
| Special Income Charges | -0.64 | - | - | - |
| Write Off | 0.64 | - | - | - |
| Total Other Finance Cost | -0.04 | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AMBQthis co. | AMBQ | $1.8B | -49.83 | 11.18 | -22.4% | -51.89 |
| Intapp, Inc. | INTA | $1.9B | -103.17 | 3.62 | -3.5% | -340.62 |
| Five9, Inc. | FIVN | $1.9B | 47.51 | 2.38 | 5.0% | 20.25 |
| SkyWater Technology, Inc. | SKYT | $1.9B | 15.70 | 9.94 | 63.3% | 14.46 |
| Asana, Inc. | ASAN | $1.9B | - | 12.07 | -122.6% |
| - |
| Semrush Holdings, Inc. | SEMR | $1.8B | -95.70 | 6.29 | -6.6% | -174.63 |
| PC Connection, Inc. | CNXN | $1.8B | 21.55 | 1.98 | 9.2% | 11.36 |
| Appian Corporation | APPN | $1.8B | 1466.45 | - | -2.6% | 51.79 |
| Flywire Corporation | FLYW | $1.8B | 133.32 | 2.15 | 1.6% | 28.82 |
| Peer Median | - | 21.55 | 3.62 | -0.5% | 14.46 | |