The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/4Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-21.4%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissProfitable every yearSteady profits, not one good year.1 of 7 years
MissShare count not growingNot diluting owners. Falling means buybacks.+16.1% in 3 years
Total debt
None
0.00x equity
Current ratio
8.09x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, free cash flow positive, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Dec 31, 2025
EPS
-$0.13
vs -$0.06
Free cash flow
-$14.6M
Share count
+41.6%
vs a year ago
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
62/ 100
This week
2
Normal week
1.3
vs normal
1.6x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.0%
Institutions added 6.0% to their holdings. 26 bought, 22 sold.
Shares held by institutions24.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+11.6%
Cash runwayAt last year's cash burn
123 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
265M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 11.6% a year (dilution)
Revenue down 140.7% 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.