$AMPL is trading 84% below its all-time high and 60% below its IPO price, currently priced like an analytics dashboard company. The company reports an annual recurring revenue (ARR) of $410 million (up 22%) and a free cash flow (FCF) margin of 24%. Additionally, it has 40 AI-native customers paying over $100k, with one frontier lab paying seven figures, alongside significant internal efficiency gains.