The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.6.2%
PassDebt under half of equityNot relying on borrowed money.0.21x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.44.5%
MissProfitable every yearSteady profits, not one good year.8 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$198.2M
PassShare count not growingNot diluting owners. Falling means buybacks.-1.8% in 3 years
Revenue
$266.0M
-13.8% vs prior year
5-year growth
+17.9%/yr
revenue, per year
Total debt
$393.7M
0.21x equity
Free cash flow
$198.2M
74.5% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 3
Revenue
$63.3M
+0.7% YoY
EPS
$1.36
vs $0.86
Op. margin
65.5%
+19.6 pts
Free cash flow
$44.9M
Share count
+5.9%
vs a year ago
Insider rating
Last 90 days
80Strong buying
1 insider bought $1.0M
Top executive buying (EXECUTIVE CHAIRMAN)
New position opened
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
1.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.5%
Institutions added 4.5% to their holdings. 195 bought, 95 sold. 3 quarters of net buying in a row.
Shares held by institutions20.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-0.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $391.2M debt
Shares outstandingLatest reported
28M
Why moderate risk
Revenue down 13.8% from the year before
5 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 3
Results filedMay 4
Results filedFeb 23
Results filedNov 4, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days