The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.68.8%
MissDebt under half of equityNot relying on borrowed money.0.67x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.71.3%
MissProfitable every yearSteady profits, not one good year.5 of 6 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$14.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+66.8% in 3 years
Revenue
$136.1M
+496.6% vs prior year
5-year growth
+40.1%/yr
revenue, per year
Total debt
$176.8M
0.67x equity
Free cash flow
$14.3M
10.5% 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.
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
67/ 100
This week
1
Normal week
0.5
vs normal
2.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-9.3%
Institutions cut 9.3% from their holdings. 7 bought, 7 sold.
Shares held by institutions553K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+18.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $176.8M debt
Shares outstandingLatest reported
124M
Earnings reports
Last 0
Next reportNot enough history
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.