The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.11.6%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.0%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$13.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+2.7% in 3 years
Revenue
$2.2B
+9.3% vs prior year
5-year growth
+44.6%/yr
revenue, per year
Free cash flow
-$13.5M
-0.6% 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: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Feb 13, 2024
Revenue
$732.5M
+39.8% YoY
EPS
$0.52
vs $0.61
Gross margin
95.2%
-2.1 pts
Free cash flow
-$420.8M
Share count
+0.3%
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
1.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.5%
Institutions added 1.5% to their holdings. 87 bought, 57 sold.
Shares held by institutions2.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Total liabilities $12.5B
Shares outstandingLatest reported
64M
Why low risk
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 2
Next reportDue any dayEstimated from the same quarter last year
Results filedFeb 13, 2024
Results filedApr 18, 2011
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days