The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.14.0%
MissDebt under half of equityNot relying on borrowed money.1.32x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.24.8%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$466.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+4.5% in 3 years
Revenue
$1.4B
+9.9% vs prior year
5-year growth
+10.1%/yr
revenue, per year
Total debt
$3.3B
1.32x equity
Current ratio
0.83x
short-term assets / bills due
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 3
Revenue
$258.0M
+9.9% YoY
EPS
$0.10
vs -$0.15
Op. margin
12.4%
+12.9 pts
Free cash flow
-$11.6M
Share count
+1.4%
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
50/ 100
This week
1
Normal week
1.0
vs normal
1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.0%
Institutions added 6.0% to their holdings. 239 bought, 165 sold.
Shares held by institutions80.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.2x · $3.2B debt
Shares outstandingLatest reported
101M
Earnings reports
Last 12
Next reportAround Nov 18 (est.)Estimated from the same quarter last year
Results filedAug 3
Results filedMay 4
Results filedFeb 2
Results filedNov 19, 2025
Results filedAug 4, 2025
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.