The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.18.0%
PassDebt under half of equityNot relying on borrowed money.0.47x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.40.2%
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.$210.1M
MissShare count not growingNot diluting owners. Falling means buybacks.+6.0% in 3 years
Revenue
$481.5M
+36.3% vs prior year
5-year growth
+8.8%/yr
revenue, per year
Total debt
$513.2M
0.47x equity
Current ratio
2.41x
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 Aug 5
Revenue
$187.9M
+123.1% YoY
EPS
$3.24
vs $0.24
Op. margin
75.9%
+57.4 pts
Free cash flow
$30.5M
Share count
+0.6%
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
1.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+8.4%
Institutions added 8.4% to their holdings. 150 bought, 105 sold. 5 quarters of net buying in a row.
Shares held by institutions31.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.9%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.4x · $507.5M debt
Shares outstandingLatest reported
43M
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 20
Results filedFeb 5
Results filedJan 30
Results filedNov 6, 2025
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.