The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/4Strong
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.0.45x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.26.4%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$62.6M
Revenue
$506.9M
+48.7% vs prior year
Total debt
$557.2M
0.45x equity
Free cash flow
$62.6M
12.3% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 7
Revenue
$225.6M
+112.7% YoY
EPS
$0.35
vs $0.04
Op. margin
34.5%
+8.4 pts
Free cash flow
-$35.2M
Share count
+40.7%
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
34/ 100
This week
1
Normal week
2.0
vs normal
0.5x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.1%
Institutions added 16.1% to their holdings. 188 bought, 163 sold. 4 quarters of net buying in a row.
Shares held by institutions119.4M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $963.0M debt
Shares outstandingLatest reported
247M
Earnings reports
Last 9
Next reportAround Jan 11, 2027 (est.)Estimated from the same quarter last year
Results filedOct 7
Results filedAug 13
Results filedJul 7
Results filedMay 12
Results filedApr 3
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days