The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/4Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.3.8%
PassDebt under half of equityNot relying on borrowed money.0.02x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.23.6%
MissProfitable every yearSteady profits, not one good year.7 of 8 years
Revenue
$81.8M
+23.5% vs prior year
5-year growth
+45.6%/yr
revenue, per year
Total debt
$12.0M
0.02x equity
Current ratio
6.44x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: free cash flow positive, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Dec 31, 2019
Revenue
$2.8M
+155.8% YoY
EPS
$3.68
vs -$0.30
Op. margin
25.4%
+1.3 pts
Free cash flow
-$9.2M
Share count
+38.3%
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
0/ 100
This week
0
Normal week
0.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+14.9%
Institutions added 14.9% to their holdings. 12 bought, 3 sold.
Shares held by institutions430K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $24.4M debt
Shares outstandingLatest reported
10M
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.