The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissDebt under half of equityNot relying on borrowed money.15.87x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.1%
MissProfitable every yearSteady profits, not one good year.6 of 8 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$175.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+4.6% in 3 years
Revenue
$557.6M
+8.5% vs prior year
5-year growth
+5.3%/yr
revenue, per year
Total debt
$428.4M
15.87x equity
Free cash flow
$175.0M
31.4% 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: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
Revenue
$134.3M
+12.3% YoY
EPS
$0.12
vs $0.05
Op. margin
26.4%
+10.3 pts
Free cash flow
$36.3M
Share count
+3.7%
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
0/ 100
This week
0
Normal week
1.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.6%
Institutions cut 0.6% from their holdings. 82 bought, 74 sold. 3 quarters of net selling in a row.
Shares held by institutions55.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
14.3x · $362.0M debt
Shares outstandingLatest reported
42M
Why low risk
High debt: 14.29x equity
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 7
Results filedFeb 10
Results filedNov 5, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days