The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.5.3%
MissDebt under half of equityNot relying on borrowed money.0.74x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.25.9%
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.$1.1B
MissShare count not growingNot diluting owners. Falling means buybacks.+9.3% in 3 years
Revenue
$2.1B
+5.1% vs prior year
5-year growth
+15.1%/yr
revenue, per year
Total debt
$7.7B
0.74x equity
Free cash flow
$1.1B
51.5% 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 4
Revenue
$550.8M
+4.9% YoY
Op. margin
35.6%
-3.6 pts
Free cash flow
$345.3M
Share count
-0.5%
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
■Steady+1.8%
Institutions added 1.8% to their holdings. 361 bought, 238 sold. 2 quarters of net buying in a row.
Shares held by institutions667.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.8x · $8.3B debt
Shares outstandingLatest reported
671M
Why low risk
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedApr 30
Results filedFeb 12
Results filedOct 30, 2025
Results filedJul 31, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days