The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.7.9%
MissDebt under half of equityNot relying on borrowed money.1.65x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.8%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$197.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+20.5% in 3 years
Revenue
$1.3B
+11.8% vs prior year
5-year growth
+10.8%/yr
revenue, per year
Total debt
$2.4B
1.65x equity
Current ratio
0.72x
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 5
Revenue
$243.6M
+3.1% YoY
EPS
$0.01
vs -$0.06
Op. margin
13.6%
+2.1 pts
Free cash flow
-$11.6M
Share count
+4.2%
vs a year ago
Insider rating
Last 90 days
48Mixed
Pre-planned sales of $73K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
48/ 100
This week
1
Normal week
1.1
vs normal
0.9x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.8%
Institutions added 2.8% to their holdings. 162 bought, 133 sold. 7 quarters of net buying in a row.
Shares held by institutions34.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+5.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.6x · $2.5B debt
Shares outstandingLatest reported
42M
Why low risk
Share count growing 5.3% a year
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedFeb 27
Results filedNov 5, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.