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.11.2%
MissDebt under half of equityNot relying on borrowed money.4.26x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.13.4%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$51.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+43.1% in 3 years
Revenue
$131.9M
+6.7% vs prior year
Total debt
$689.2M
4.26x equity
Current ratio
1.08x
short-term assets / bills due
Free cash flow
$51.7M
39.2% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Revenue
$53.7M
+79.6% YoY
EPS
$0.52
vs $0.02
Op. margin
68.3%
+22.8 pts
Gross margin
86.8%
+10.5 pts
Free cash flow
$34.2M
Share count
+1.2%
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
1.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+19.8%
Institutions added 19.8% to their holdings. 71 bought, 33 sold. 5 quarters of net buying in a row.
Shares held by institutions22.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+12.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
4.2x · $677.5M debt
Shares outstandingLatest reported
47M
Why low risk
High debt: 4.15x equity
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days