The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.8.7%
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.2%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$127.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+3.6% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.50.5%
Revenue
$496.1M
+15.6% vs prior year
5-year growth
+26.1%/yr
revenue, per year
Current ratio
8.35x
short-term assets / bills due
Free cash flow
$127.5M
25.7% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2021
Revenue
$67.5M
+82.3% YoY
EPS
$0.35
vs $0.13
Op. margin
25.3%
+10.7 pts
Gross margin
51.9%
+6.1 pts
Free cash flow
$19.1M
Share count
+12.0%
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
2.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-8.7%
Institutions cut 8.7% from their holdings. 124 bought, 102 sold. 3 quarters of net selling in a row.
Shares held by institutions19.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.8x · $519.8M debt
Shares outstandingLatest reported
46M
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days