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.9.8%
MissDebt under half of equityNot relying on borrowed money.1.08x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.14.4%
MissProfitable every yearSteady profits, not one good year.8 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.1B
PassShare count not growingNot diluting owners. Falling means buybacks.+0.8% in 3 years
Revenue
$3.3B
+9.2% vs prior year
5-year growth
+9.0%/yr
revenue, per year
Total debt
$5.4B
1.08x equity
Current ratio
0.78x
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 Mar 31, 2026
Reported Jul 29
Revenue
$752.6M
+0.7% YoY
EPS
$0.24
vs $0.31
Op. margin
15.0%
-2.8 pts
Gross margin
55.3%
-1.4 pts
Free cash flow
-$91.3M
Share count
+2.6%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.9%
Institutions added 4.9% to their holdings. 338 bought, 199 sold.
Shares held by institutions166.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.1x · $5.4B debt
Shares outstandingLatest reported
206M
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedApr 29
Results filedFeb 18
Results filedOct 29, 2025
Results filedJul 30, 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.