The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-16.3%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-30.8%
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$275.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+33.3% in 3 years
Revenue
$262.6M
-0.3% vs prior year
5-year growth
+58.9%/yr
revenue, per year
Total debt
$600K
0.00x equity
Current ratio
4.92x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$249.7M
+1014.7% YoY
EPS
$2.58
vs -$0.84
Op. margin
65.7%
+384.9 pts
Free cash flow
-$48.5M
Share count
-10.0%
vs a year ago
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
0/ 100
This week
0
Normal week
0.7
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.9%
Institutions added 3.9% to their holdings. 112 bought, 91 sold.
Shares held by institutions56.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+6.9%
Cash runwayAt last year's cash burn
4 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $500K debt
Shares outstandingLatest reported
65M
Why elevated risk
Losing money, losses are large next to sales
About 4 months of cash left at its current burn
Share count growing 6.9% a year
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 12
Results filedFeb 24
Results filedNov 5, 2025
Results filedAug 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days