The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.5.2%
PassDebt under half of equityNot relying on borrowed money.0.04x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.2.9%
MissProfitable every yearSteady profits, not one good year.6 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$32.4M
PassShare count not growingNot diluting owners. Falling means buybacks.0.0% in 3 years
Revenue
$210.4M
+11.9% vs prior year
5-year growth
+1.5%/yr
revenue, per year
Total debt
$5.0M
0.04x equity
Free cash flow
$32.4M
15.4% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Dec 31, 2025
Reported Nov 14, 2025
The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q.
Revenue
$51.3M
+4.8% YoY
EPS
$0.06
vs $0.15
Free cash flow
$17.7M
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
80/ 100
This week
2
Normal week
0.5
vs normal
4.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+2.2%
Institutions added 2.2% to their holdings. 5 bought, 5 sold.
Shares held by institutions1.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
0.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $5.0M debt
Shares outstandingLatest reported
20M
Why elevated risk
Late quarterly report notice
Late annual report notice
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedNov 14, 2025
Results filedAug 12, 2025
Results filedMay 13, 2025
Results filedMar 25, 2025
Results filedNov 12, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days