The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/3Weak
PassReturn on equity 15%+Earns a lot on the money owners have in the business.70.3%
MissDebt under half of equityNot relying on borrowed money.1.36x equity
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$96.1M
Revenue
$34.0M
Total debt
$174.4M
1.36x equity
Free cash flow
-$96.1M
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: net margin 10%+, profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 7
Revenue
$6.7M
+20.1% YoY
EPS
-$1.03
vs $15.05
Free cash flow
-$25.8M
Share count
+68.8%
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
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-13.6%
Institutions cut 13.6% from their holdings. 15 bought, 31 sold. 2 quarters of net selling in a row.
Shares held by institutions1.0M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
2 months
Debt to equityLatest balance sheet: debt compared with what owners have
1.5x · $175.0M debt
Shares outstandingLatest reported
8M
Why low risk
Debt above equity: 1.54x
Auditor change
Earnings reports
Last 4
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 8
Results filedMar 13
Results filedNov 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days