The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-29.5%
MissDebt under half of equityNot relying on borrowed money.0.93x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-13.6%
MissProfitable every yearSteady profits, not one good year.7 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$102.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+39.0% in 3 years
Revenue
$1.8B
+43.8% vs prior year
5-year growth
+16.6%/yr
revenue, per year
Total debt
$678.6M
0.93x equity
Current ratio
2.31x
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 Jul 31, 2026
Reported Sep 3
Revenue
$501.8M
+1.3% YoY
EPS
$0.58
vs -$6.04
Op. margin
9.3%
+64.0 pts
Gross margin
28.2%
+0.3 pts
Free cash flow
$47.8M
Share count
-0.1%
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
59/ 100
This week
1
Normal week
0.7
vs normal
1.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+3.0%
Institutions added 3.0% to their holdings. 84 bought, 84 sold. 3 quarters of net buying in a row.
Shares held by institutions46.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+11.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.8x · $636.8M debt
Shares outstandingLatest reported
46M
Why elevated risk
Losing money
Share count growing 11.5% a year (dilution)
Auditor change
Earnings reports
Last 12
Next reportAround Dec 10 (est.)Estimated from the same quarter last year
Results filedSep 3
Results filedJun 4
Results filedMar 5
Results filedDec 11, 2025
Results filedSep 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days