The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.41.5%
PassDebt under half of equityNot relying on borrowed money.0.43x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.48.8%
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.$528.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+13.1% in 3 years
Revenue
$834.0M
-4.0% vs prior year
5-year growth
+18.4%/yr
revenue, per year
Total debt
$474.7M
0.43x equity
Free cash flow
$528.6M
63.4% 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
Quarter ended Jun 30, 2026
Reported Jul 30
Revenue
$260.2M
-13.4% YoY
EPS
$3.40
vs $5.35
Op. margin
53.5%
-14.8 pts
Free cash flow
$80.9M
Share count
+1.6%
vs a year ago
Insider rating
Last 90 days
46Mixed
Pre-planned sales of $501K (weaker signal)
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
0/ 100
This week
0
Normal week
1.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+4.8%
Institutions added 4.8% to their holdings. 235 bought, 302 sold.
Shares held by institutions27.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-0.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $389.1M debt
Shares outstandingLatest reported
26M
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedFeb 5
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.