A company still losing money with growing sales. Institutions are adding.
Going well
Sales up 63% in the latest quarter vs a year ago
Sales up 52% last year
Little debt
Watch out for
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 16% to their holdings in the quarter ending June 2026 (78 bought, 53 sold)
Held by Chase Coleman (Tiger Global)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$19.83+0.3% that day
Company value
$4.4B
Share price times all shares
Price vs sales
3.8x
No profit over the last year, so this compares value with sales instead
Cash vs value
36%
A big cushion: cash is a large part of what the company is worth
Debt vs value
3%
Debt as a share of company value
From ARX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 9 quarters, from SEC filings
Sales, Jun '26
$356.9M+63% vs a year earlier
Jun '24Tap a barJun '26
Last 12 months: $1.1B, up 55% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of ARX. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$4.3B
Profit in 5 years$426M
Price these guesses point to$29.05+47% vs $19.83 todayAbout +7.9% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 20% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/3Mixed
PassDebt under half of equityNot relying on borrowed money.0.17x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-147.4%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$445.1M
Revenue
$912.9M
+51.5% vs prior year
Total debt
$121.3M
0.17x equity
Free cash flow
$445.1M
48.8% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+, profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 13
Revenue
$356.9M
+62.9% YoY
EPS
$0.36
vs $0.04
Free cash flow
-$68.6M
Share count
+6.7%
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
1.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.0%
Institutions added 16.0% to their holdings. 78 bought, 53 sold. 2 quarters of net buying in a row.
Shares held by institutions64.5M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $120.1M debt
Shares outstandingLatest reported
220M
Why moderate risk
Losing money, losses are large next to sales
Earnings reports
Last 6
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 13
Results filedMay 13
Results filedMar 18
Results filedFeb 27
Results filedNov 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days