The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/3Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-88.8%
PassDebt under half of equityNot relying on borrowed money.0.10x equity
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$603.5M
Total debt
$109.8M
0.10x equity
Free cash flow
-$603.5M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, profitable every year, 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 13
EPS
-$0.04
vs -$0.02
Free cash flow
-$233.6M
Share count
+55.8%
vs a year ago
Insider rating
Last 90 days
23Selling
1 insider sold $15.6M (not pre-planned)
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
42/ 100
This week
1
Normal week
1.4
vs normal
0.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+120.5%
Institutions added 120.5% to their holdings. 232 bought, 83 sold. 3 quarters of net buying in a row.
Shares held by institutions161.6M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
22 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.5x · $520.1M debt
Shares outstandingLatest reported
640M
Why elevated risk
Losing money, losses are large next to sales
About 22 months of cash left at its current burn
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 4
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedAug 13
Results filedMay 14
Results filedMar 30
Results filedNov 10, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days