The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/7Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-67.2%
PassDebt under half of equityNot relying on borrowed money.0.01x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-23.6%
MissProfitable every yearSteady profits, not one good year.3 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$2.1M
MissShare count not growingNot diluting owners. Falling means buybacks.+63.1% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.13.3%
Revenue
$23.2M
+9.6% vs prior year
Total debt
$95K
0.01x equity
Current ratio
1.39x
short-term assets / bills due
Free cash flow
-$2.1M
-9.2% of revenue
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
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
0.1
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Newly held
Institutions held almost none of it the quarter before (new listing, spin-off or ticker change), so there's no fair percent change yet. 4 bought, 2 sold.
Shares held by institutions135K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+17.7%
Cash runwayAt last year's cash burn
6 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $95K debt
Shares outstandingLatest reported
13M
Why elevated risk
Losing money, losses are large next to sales
About 6 months of cash left at its current burn
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.