The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.6.3%
MissDebt under half of equityNot relying on borrowed money.1.14x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.11.2%
PassProfitable every yearSteady profits, not one good year.5 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$130.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+9.3% in 3 years
Revenue
$1.6B
+6.4% vs prior year
Total debt
$3.3B
1.14x equity
Current ratio
0.72x
short-term assets / bills due
Free cash flow
-$130.0M
-8.1% 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 Jul 30
Revenue
$392.6M
+14.6% YoY
EPS
$0.40
vs $0.35
Op. margin
16.4%
-1.3 pts
Free cash flow
-$114.9M
Share count
+0.5%
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
1.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.4%
Institutions cut 1.4% from their holdings. 163 bought, 163 sold. 2 quarters of net selling in a row.
Shares held by institutions58.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.2%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.2x · $3.5B debt
Shares outstandingLatest reported
62M
Earnings reports
Last 12
Next reportIn 2 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedApr 30
Results filedFeb 12
Results filedOct 30, 2025
Results filedJul 31, 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.