The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.0.4%
PassDebt under half of equityNot relying on borrowed money.0.39x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.5%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$192.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+32.8% in 3 years
Revenue
$5.8B
+23.4% vs prior year
5-year growth
+19.5%/yr
revenue, per year
Total debt
$3.4B
0.39x equity
Current ratio
2.25x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 12
Revenue
$2.0B
+33.7% YoY
EPS
$1.20
vs -$0.82
Gross margin
38.5%
+2.8 pts
Free cash flow
-$486.2M
Share count
+25.7%
vs a year ago
Some values are worked out from year-to-date totals in the annual report.
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
29/ 100
This week
1
Normal week
2.5
vs normal
0.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-3.2%
Institutions cut 3.2% from their holdings. 812 bought, 487 sold.
Shares held by institutions170.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $3.2B debt
Shares outstandingLatest reported
196M
Why low risk
Share count growing 9.2% a year
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 12
Results filedMay 6
Results filedFeb 4
Results filedNov 5, 2025
Results filedAug 13, 2025
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.
Latest filings
Straight from SEC EDGAR
Shares withheld for taxesRobert P BeardChief Strategy & Legal Officer