The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-64.1%
PassDebt under half of equityNot relying on borrowed money.0.12x equity
MissProfitable every yearSteady profits, not one good year.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$131.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+189.5% in 3 years
Total debt
$40.6M
0.12x equity
Current ratio
6.29x
short-term assets / bills due
Free cash flow
-$131.6M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
EPS
-$1.44
vs -$0.50
Free cash flow
-$52.8M
Share count
+29.7%
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
2.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+42.6%
Institutions added 42.6% to their holdings. 258 bought, 94 sold. 3 quarters of net buying in a row.
Shares held by institutions114.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+49.7%
Cash runwayAt last year's cash burn
60 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $36.5M debt
Shares outstandingLatest reported
134M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 49.7% a year (dilution)
2 offering filings 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 6
Results filedMay 7
Results filedFeb 26
Results filedJan 12
Results filedNov 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days