The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.161.5%
MissDebt under half of equityNot relying on borrowed money.15.40x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.0%
MissProfitable every yearSteady profits, not one good year.3 of 5 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$115.3M
PassShare count not growingNot diluting owners. Falling means buybacks.-6.6% in 3 years
Revenue
$942.7M
-1.7% vs prior year
Total debt
$554.6M
15.40x equity
Current ratio
0.68x
short-term assets / bills due
Free cash flow
$115.3M
12.2% of revenue
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 12
Revenue
$196.3M
+27.4% YoY
EPS
-$0.21
vs -$0.56
Op. margin
-4.4%
+12.3 pts
Free cash flow
-$16.6M
Some values are worked out from year-to-date totals in the annual report.
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
63/ 100
This week
2
Normal week
1.2
vs normal
1.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-2.3%
Institutions cut 2.3% from their holdings. 152 bought, 88 sold.
Shares held by institutions39.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
12.5x · $570.8M debt
Shares outstandingLatest reported
48M
Why low risk
High debt: 12.47x equity
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 12
Results filedMay 7
Results filedFeb 3
Results filedNov 6, 2025
Results filedAug 13, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days