The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/4Mixed
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.9.0%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.1B
PassShare count not growingNot diluting owners. Falling means buybacks.0.0% in 3 years
Revenue
$6.0B
+9.4% vs prior year
5-year growth
+9.6%/yr
revenue, per year
Total debt
$574.5M
Free cash flow
$1.1B
18.1% of revenue
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: return on equity 15%+, debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$1.7B
+13.8% YoY
EPS
$4.76
vs $3.01
Gross margin
99.8%
0.0 pts
Free cash flow
$201.6M
Share count
0.0%
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
0.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady0.0%
Institutions added 0.0% to their holdings. 216 bought, 106 sold.
Shares held by institutions26.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
0.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $943.8M debt
Shares outstandingLatest reported
55M
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 5
Results filedFeb 17
Results filedNov 4, 2025
Results filedJul 29, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days