The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/4Weak
MissDebt under half of equityNot relying on borrowed money.4.59x equity
MissProfitable every yearSteady profits, not one good year.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$610.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+140.5% in 3 years
Total debt
$238.9M
4.59x equity
Current ratio
3.18x
short-term assets / bills due
Free cash flow
-$610.2M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
EPS
-$0.91
vs -$1.94
Free cash flow
-$85.6M
Share count
+47.1%
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
59/ 100
This week
1
Normal week
0.7
vs normal
1.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.8%
Institutions added 4.8% to their holdings. 158 bought, 116 sold. 3 quarters of net buying in a row.
Shares held by institutions141.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+29.9%
Cash runwayAt last year's cash burn
5 months
Debt to equityLatest balance sheet: debt compared with what owners have
21.2x · $259.5M debt
Shares outstandingLatest reported
151M
Why high risk
Losing money, losses are large next to sales
About 5 months of cash left at its current burn
Share count growing 29.9% a year (dilution)
High debt: 21.23x equity
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 4
Results filedMar 2
Results filedNov 10, 2025
Results filedAug 11, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days