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.-1.3%
PassDebt under half of equityNot relying on borrowed money.0.14x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-7.2%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$258.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+13.7% in 3 years
Revenue
$374.4M
-38.3% vs prior year
5-year growth
-2.1%/yr
revenue, per year
Total debt
$298.8M
0.14x equity
Free cash flow
$258.0M
68.9% 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
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$508.7M
+15961.5% YoY
EPS
$1.15
vs $0.10
Free cash flow
$87.1M
Share count
+5.2%
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
27/ 100
This week
1
Normal week
2.5
vs normal
0.4x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+4.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $291.8M debt
Shares outstandingLatest reported
187M
Why moderate risk
Revenue down 84.5% from the year before
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedApr 28
Results filedFeb 25
Results filedOct 30, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days