The checklist Warren Buffett-style investors use. Annual numbers for 2025.
6/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.35.2%
PassDebt under half of equityNot relying on borrowed money.0.29x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.22.4%
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.$294.6M
PassShare count not growingNot diluting owners. Falling means buybacks.-12.4% in 3 years
Revenue
$1.8B
+10.3% vs prior year
5-year growth
+4.5%/yr
revenue, per year
Total debt
$348.4M
0.29x equity
Free cash flow
$294.6M
16.4% 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 30
Revenue
$502.8M
+18.3% YoY
EPS
$1.38
vs $1.16
Op. margin
26.4%
-1.2 pts
Free cash flow
$79.7M
Share count
-4.2%
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
1.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.6%
Institutions added 1.6% to their holdings. 168 bought, 188 sold.
Shares held by institutions66.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-5.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $348.5M debt
Shares outstandingLatest reported
72M
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedJan 29
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days