The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.1%
PassDebt under half of equityNot relying on borrowed money.0.09x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.54.7%
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.$848.7M
PassShare count not growingNot diluting owners. Falling means buybacks.-7.1% in 3 years
Revenue
$1.3B
+1.5% vs prior year
5-year growth
+5.7%/yr
revenue, per year
Total debt
$495.3M
0.09x equity
Free cash flow
$848.7M
67.3% 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 Aug 7
Revenue
$362.7M
+13.6% YoY
EPS
$2.08
vs $1.93
Free cash flow
$196.1M
Share count
-9.6%
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
2.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.8%
Institutions cut 0.8% from their holdings. 168 bought, 188 sold. 4 quarters of net selling in a row.
Shares held by institutions86.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-5.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $496.0M debt
Shares outstandingLatest reported
90M
Earnings reports
Last 12
Next reportAround Nov 6 (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 8
Results filedFeb 13
Results filedNov 7, 2025
Results filedAug 8, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days