The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/5Strong
MissReturn on equity 15%+Earns a lot on the money owners have in the business.2.1%
PassDebt under half of equityNot relying on borrowed money.0.22x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.21.8%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$124.6M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.4% in 3 years
Revenue
$182.9M
+51.3% vs prior year
Total debt
$423.2M
0.22x equity
Free cash flow
$124.6M
68.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 22Before open6:40 am ET
Revenue
$71.1M
+46.2% YoY
EPS
$0.06
vs $0.09
Free cash flow
$41.6M
Share count
+11.1%
vs a year ago
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
65/ 100
This week
3
Normal week
1.7
vs normal
1.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+12.2%
Institutions added 12.2% to their holdings. 156 bought, 112 sold. 7 quarters of net buying in a row.
Shares held by institutions137.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $596.1M debt
Shares outstandingLatest reported
121M
Earnings reports
Last 8
Next reportAround Feb 8, 2027 (est.)Estimated from the same quarter last year
Results filedOct 22
Results filedJul 28
Results filedApr 28
Results filedFeb 9
Results filedOct 28, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days