The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/4Mixed
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.11.8%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$369.0M
PassShare count not growingNot diluting owners. Falling means buybacks.0.0% in 3 years
Revenue
$1.4B
+4.2% vs prior year
5-year growth
+3.6%/yr
revenue, per year
Total debt
$8.7B
Current ratio
1.13x
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%+, debt under half of equity, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 20Before open7:05 am ET
The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗
Revenue
$481.0M
+22.7% YoY
Op. margin
24.1%
+2.4 pts
Gross margin
69.0%
+2.4 pts
Free cash flow
$130.0M
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
2.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+0.7%
Institutions added 0.7% to their holdings. 258 bought, 225 sold. 5 quarters of net buying in a row.
Shares held by institutions105.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.7x · $9.1B debt
Shares outstandingLatest reported
205M
Earnings reports
Last 12
Next reportAround Feb 22, 2027 (est.)Estimated from the same quarter last year
Results filedOct 20
Results filedAug 5
Results filedJul 16
Results filedMay 7
Results filedFeb 23
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days