The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/5Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.53.2%
PassDebt under half of equityNot relying on borrowed money.No debt reported
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.14.3%
MissProfitable every yearSteady profits, not one good year.2 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$95.4M
Revenue
$692.5M
+38.5% vs prior year
5-year growth
+14.8%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
2.94x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 3
Revenue
$195.1M
+24.6% YoY
EPS
$0.53
vs $0.39
Op. margin
12.0%
+3.0 pts
Gross margin
97.8%
+0.9 pts
Free cash flow
$22.8M
Share count
-4.9%
vs a year ago
Insider rating
Last 90 days
46Mixed
Pre-planned sales of $603K (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
26/ 100
This week
1
Normal week
3.3
vs normal
0.3x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.0%
Institutions added 4.0% to their holdings. 145 bought, 93 sold. 2 quarters of net buying in a row.
Shares held by institutions31.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+927.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
36M
Why moderate risk
Share count growing 927.4% a year (dilution)
Earnings reports
Last 12
Next reportIn 5 days (est.)Estimated from the same quarter last year
Results filedAug 3
Results filedMay 4
Results filedFeb 23
Results filedNov 3, 2025
Results filedAug 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days