The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/4Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.49.3%
MissDebt under half of equityNot relying on borrowed money.2.76x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.18.6%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$280.0M
Revenue
$1.8B
+141.5% vs prior year
Total debt
$2.7B
2.76x equity
Current ratio
0.60x
short-term assets / bills due
Free cash flow
$280.0M
15.3% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$811.9M
+38.4% YoY
EPS
$3.31
vs $3.67
Op. margin
58.1%
+8.4 pts
Free cash flow
$48.4M
Share count
-7.9%
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
0/ 100
This week
0
Normal week
1.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.4%
Institutions added 2.4% to their holdings. 109 bought, 79 sold.
Shares held by institutions51.0M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
3.1x · $2.9B debt
Shares outstandingLatest reported
71M
Why low risk
High debt: 3.08x equity
Earnings reports
Last 3
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedFeb 26
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days