The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.11.9%
PassDebt under half of equityNot relying on borrowed money.0.40x equity
PassProfitable every yearSteady profits, not one good year.5 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$5.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+31.9% in 3 years
Total debt
$192.7M
0.40x equity
Free cash flow
-$5.5M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Free cash flow
-$36.9M
Share count
+27.0%
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
80/ 100
This week
2
Normal week
0.5
vs normal
4.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+13.2%
Institutions added 13.2% to their holdings. 35 bought, 33 sold.
Shares held by institutions2.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+5.3%
Cash runwayAt last year's cash burn
5 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.5x · $252.4M debt
Shares outstandingLatest reported
23M
Why low risk
Share count growing 5.3% a year
Earnings reports
Last 12
Next reportAround Nov 16 (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 6
Results filedFeb 4
Results filedNov 17, 2025
Results filedAug 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.