The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-8.5%
MissDebt under half of equityNot relying on borrowed money.1.24x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-8.3%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.3B
PassShare count not growingNot diluting owners. Falling means buybacks.-2.5% in 3 years
Revenue
$4.3B
+4.9% vs prior year
5-year growth
+12.5%/yr
revenue, per year
Total debt
$5.4B
1.24x equity
Current ratio
1.86x
short-term assets / bills due
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 Oct 26After close4:03 pm ET
From the press release
The expected IPR&D charge is not tax deductible and is estimated to represent an unfavorable impact of approximately $11.00 to both GAAP earnings per share (“EPS”) and non-GAAP adjusted EPS for the third quarter of 2026.
The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗
Revenue
$1.2B
+15.5% YoY
EPS
$2.78
vs -$11.74
Op. margin
20.5%
+86.1 pts
Free cash flow
$397.6M
Share count
+13.4%
vs a year ago
Insider rating
Last 90 days
44Mixed
Pre-planned sales of $1.9M (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
17/ 100
This week
1
Normal week
5.0
vs normal
0.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.0%
Institutions cut 1.0% from their holdings. 368 bought, 244 sold.
Shares held by institutions64.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.9%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $4.4B debt
Shares outstandingLatest reported
65M
Why moderate risk
Losing money
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Jan 11, 2027 (est.)Estimated from the same quarter last year
Results filedOct 26
Results filedAug 3
Results filedMay 5
Results filedFeb 24
Results filedJan 12
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days