The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-60.5%
PassDebt under half of equityNot relying on borrowed money.0.24x equity
MissProfitable every yearSteady profits, not one good year.0 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$196.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+119.6% in 3 years
Total debt
$74.1M
0.24x equity
Current ratio
9.27x
short-term assets / bills due
Free cash flow
-$196.0M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
EPS
-$0.84
vs -$0.87
Free cash flow
-$55.6M
Share count
+16.8%
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
0.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.7%
Institutions added 16.7% to their holdings. 112 bought, 58 sold. 3 quarters of net buying in a row.
Shares held by institutions73.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+30.0%
Cash runwayAt last year's cash burn
29 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $99.5M debt
Shares outstandingLatest reported
85M
Why elevated risk
Losing money, losses are large next to sales
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 11
Results filedFeb 23
Results filedNov 5, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days