The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/4Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.27.8%
PassDebt under half of equityNot relying on borrowed money.0.24x equity
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$15.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+272.6% in 3 years
Revenue
$3.8M
Total debt
$25.3M
0.24x equity
Current ratio
2.09x
short-term assets / bills due
Free cash flow
-$15.4M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, profitable every year, gross margin 40%+. A checklist is a starting point for research, not a verdict.
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-6.5%
Institutions cut 6.5% from their holdings. 8 bought, 3 sold.
Shares held by institutions5.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+52.7%
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $25.3M debt
Shares outstandingLatest reported
20M
Why moderate risk
Share count growing 52.7% a year (dilution)
Revenue down 32% from the year before
Earnings reports
Last 0
Next reportNot enough history
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.