The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.1.1%
PassDebt under half of equityNot relying on borrowed money.0.02x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.3%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$44.6M
PassShare count not growingNot diluting owners. Falling means buybacks.-15.0% in 3 years
Revenue
$858.7M
-2.5% vs prior year
5-year growth
+3.8%/yr
revenue, per year
Total debt
$19.0M
0.02x equity
Free cash flow
$44.6M
5.2% 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 Jul 29
Revenue
$220.2M
-10.6% YoY
EPS
$1.59
vs $1.23
Free cash flow
-$10.3M
Share count
-24.2%
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
0/ 100
This week
0
Normal week
1.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-6.4%
Institutions cut 6.4% from their holdings. 115 bought, 83 sold. 6 quarters of net selling in a row.
Shares held by institutions14.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-11.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $125.0M debt
Shares outstandingLatest reported
18M
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedApr 29
Results filedFeb 19
Results filedOct 30, 2025
Results filedJul 30, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days