The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.0%
PassDebt under half of equityNot relying on borrowed money.0.09x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.23.1%
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.$154.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+24.9% in 3 years
Revenue
$487.4M
+37.8% vs prior year
Total debt
$100.0M
0.09x equity
Free cash flow
$154.0M
31.6% 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
New results, as stated in the press release
Reported Oct 26After close4:27 pm ET
Revenue
$52.4M
-26.0% YoY
EPS
$1.03
Revenue and EPS as the company states them. Margins, cash flow and share count fill in with the 10-Q.
Insider rating
Last 90 days
75Buying
3 insiders bought $17K
Cluster buy: 3 insiders within 1 day
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
45/ 100
This week
1
Normal week
1.3
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.5%
Institutions added 1.5% to their holdings. 93 bought, 62 sold. 3 quarters of net buying in a row.
Shares held by institutions20.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+8.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $100.0M debt
Shares outstandingLatest reported
38M
Why low risk
Share count growing 8.3% a year
Earnings reports
Last 12
Next reportAround Jan 25, 2027 (est.)Estimated from the same quarter last year
Results filedOct 26
Results filedJul 27
Results filedApr 27
Results filedJan 26
Results filedOct 27, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.