The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.5%
MissDebt under half of equityNot relying on borrowed money.9.65x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.4%
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.$288.3M
PassShare count not growingNot diluting owners. Falling means buybacks.-9.4% in 3 years
Revenue
$434.5M
+10.4% vs prior year
5-year growth
+9.9%/yr
revenue, per year
Total debt
$3.0B
9.65x equity
Free cash flow
$288.3M
66.4% 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.
Latest quarter
New results, as stated in the press release
Reported Oct 23During market2:40 pm ET
Revenue
$131.9M
+22.0% YoY
EPS
$0.30
Revenue and EPS as the company states them. Margins, cash flow and share count fill in with the 10-Q.
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
39/ 100
This week
2
Normal week
3.3
vs normal
0.6x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.1%
Institutions cut 1.1% from their holdings. 29 bought, 21 sold. 4 quarters of net selling in a row.
Shares held by institutions9.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
9.8x · $3.1B debt
Shares outstandingLatest reported
22M
Why low risk
High debt: 9.81x equity
Earnings reports
Last 12
Next reportAround Mar 9, 2027 (est.)Estimated from the same quarter last year
Results filedOct 23
Results filedAug 4
Results filedMay 5
Results filedMar 10
Results filedNov 10, 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.