The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/7Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-36.1%
PassDebt under half of equityNot relying on borrowed money.0.01x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-189.8%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$52.4M
PassShare count not growingNot diluting owners. Falling means buybacks.-36.8% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.2.9%
Revenue
$28.0M
-56.4% vs prior year
5-year growth
-0.3%/yr
revenue, per year
Total debt
$1.8M
0.01x equity
Current ratio
9.35x
short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
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
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Newly held
Institutions held almost none of it the quarter before (new listing, spin-off or ticker change), so there's no fair percent change yet. 2 bought, 3 sold.
Shares held by institutions3.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+25.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $1.8M debt
Shares outstandingLatest reported
5M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 25.2% a year (dilution)
Revenue down 56.4% from the year before
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days