The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.28.8%
MissProfitable every yearSteady profits, not one good year.3 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$180.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+4.5% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.59.9%
Revenue
$901.4M
+15.5% vs prior year
5-year growth
+23.1%/yr
revenue, per year
Total debt
$1.3B
Current ratio
0.69x
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%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$281.2M
+28.6% YoY
EPS
$0.29
vs $0.39
Op. margin
10.4%
-5.9 pts
Gross margin
55.0%
-4.9 pts
Free cash flow
$68.4M
Share count
+25.8%
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
■Steady-2.3%
Institutions cut 2.3% from their holdings. 327 bought, 251 sold.
Shares held by institutions95.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
118M
Why moderate risk
Share count growing 9.8% a year
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedJul 7
Results filedMay 5
Results filedFeb 24
Results filedNov 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days