Amplitude screens as a speculative turnaround rather than a mispriced compounder. A $750M market cap against a 32.7 Forward P/E implies the market is already pricing in a sharp improvement from current losses, despite EPS at -6.6 and an operating margin of -36.10%. The Altman Z-Score of 1.1 sits firmly in distress territory, signaling balance sheet fragility and limiting margin for execution error. This is not a statistically cheap deep-value play; it is a high-risk software name where valuation assumes stabilization that has not yet shown up in profitability metrics.