The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-130.8%
MissDebt under half of equityNot relying on borrowed money.1.40x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-90.4%
MissProfitable every yearSteady profits, not one good year.4 of 8 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$109.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+3.4% in 3 years
Revenue
$688.1M
5-year growth
+16.9%/yr
revenue, per year
Total debt
$557.6M
1.40x equity
Free cash flow
-$109.8M
-16.0% 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.
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
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+7.6%
Institutions added 7.6% to their holdings. 18 bought, 15 sold. 5 quarters of net buying in a row.
Shares held by institutions22.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.1%
Cash runwayAt last year's cash burn
5 months
Debt to equityLatest balance sheet: debt compared with what owners have
1.4x · $557.6M debt
Shares outstandingLatest reported
283M
Why elevated risk
Losing money, losses are large next to sales
About 5 months of cash left at its current burn
Debt above equity: 1.4x
Bills due within a year exceed short-term assets
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.