The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.16.9%
PassDebt under half of equityNot relying on borrowed money.0.06x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.6.8%
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.$564.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+3.5% in 3 years
Revenue
$5.1B
+18.7% vs prior year
5-year growth
+16.1%/yr
revenue, per year
Total debt
$144.4M
0.06x equity
Current ratio
1.42x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 27After close4:11 pm ET
Revenue
$1.5B
+14.5% YoY
EPS
$1.76
vs $1.42
Op. margin
9.3%
+1.9 pts
Gross margin
21.4%
+2.0 pts
Free cash flow
$240.2M
Share count
+0.6%
vs a year ago
Insider rating
Last 90 days
49Mixed
Pre-planned sales of $18K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
2
Normal week
1.3
vs normal
1.5x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.3%
Institutions cut 1.3% from their holdings. 245 bought, 306 sold. 2 quarters of net selling in a row.
Shares held by institutions52.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $198.7M debt
Shares outstandingLatest reported
58M
Earnings reports
Last 12
Next reportAround Feb 3, 2027 (est.)Estimated from the same quarter last year
Results filedOct 27
Results filedJul 27
Results filedApr 30
Results filedFeb 4
Results filedNov 3, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days