The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/5Strong
MissDebt under half of equityNot relying on borrowed money.10.52x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.23.2%
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.$270.4M
PassShare count not growingNot diluting owners. Falling means buybacks.-15.5% in 3 years
Revenue
$1.6B
+0.8% vs prior year
5-year growth
+15.6%/yr
revenue, per year
Total debt
$1.9B
10.52x equity
Current ratio
0.87x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$440.8M
+3.4% YoY
EPS
$1.41
vs $1.75
Op. margin
23.6%
-5.6 pts
Free cash flow
$90.5M
Share count
-2.6%
vs a year ago
Insider rating
Last 90 days
47Mixed
Pre-planned sales of $137K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
2.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-3.7%
Institutions cut 3.7% from their holdings. 136 bought, 164 sold.
Shares held by institutions34.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-3.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
14.1x · $2.0B debt
Shares outstandingLatest reported
45M
Why low risk
High debt: 14.08x equity
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedApr 30
Results filedFeb 19
Results filedNov 5, 2025
Results filedAug 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days