The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-36.6%
PassDebt under half of equityNot relying on borrowed money.0.01x equity
MissProfitable every yearSteady profits, not one good year.0 of 7 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$146.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+117.5% in 3 years
Total debt
$3.0M
0.01x equity
Current ratio
9.95x
short-term assets / bills due
Free cash flow
-$146.7M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
EPS
-$0.61
vs -$0.51
Free cash flow
-$45.9M
Share count
+22.2%
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
0.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+0.4%
Institutions added 0.4% to their holdings. 96 bought, 93 sold. 3 quarters of net buying in a row.
Shares held by institutions101.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+28.3%
Cash runwayAt last year's cash burn
4 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $3.0M debt
Shares outstandingLatest reported
87M
Why high risk
Losing money, losses are large next to sales
About 4 months of cash left at its current burn
Share count growing 28.3% a year (dilution)
Earnings reports
Last 12
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 12
Results filedMar 16
Results filedJan 12
Results filedNov 10, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days