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.13.0%
PassDebt under half of equityNot relying on borrowed money.0.48x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.12.5%
MissProfitable every yearSteady profits, not one good year.4 of 7 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$21.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+16.5% in 3 years
Revenue
$3.0B
+14.3% vs prior year
5-year growth
+25.9%/yr
revenue, per year
Total debt
$1.5B
0.48x equity
Current ratio
0.63x
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 Jul 30
Revenue
$866.0M
+13.7% YoY
EPS
$0.45
vs $0.32
Op. margin
17.3%
+3.1 pts
Gross margin
47.6%
+0.6 pts
Free cash flow
-$53.7M
Share count
+0.8%
vs a year ago
Insider rating
Last 90 days
47Mixed
Pre-planned sales of $230K (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
0/ 100
This week
1
Normal week
3.3
vs normal
0.3x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.4%
Institutions cut 0.4% from their holdings. 227 bought, 149 sold.
Shares held by institutions203.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+4.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.5x · $1.5B debt
Shares outstandingLatest reported
223M
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedMay 5
Results filedFeb 24
Results filedJan 22
Results filedNov 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days