The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/3Weak
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.4.0%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.3B
Revenue
$44.3B
-9.5% vs prior year
5-year growth
+13.7%/yr
revenue, per year
Total debt
$10.7B
Current ratio
0.96x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Sep 9
Revenue
$17.7B
+66.3% YoY
Op. margin
2.2%
0.0 pts
Gross margin
6.4%
-1.9 pts
Free cash flow
$817.0M
Share count
+0.3%
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
1.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.8%
Institutions added 1.8% to their holdings. 163 bought, 137 sold. 2 quarters of net buying in a row.
Shares held by institutions289.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
$8.4B debt
Shares outstandingLatest reported
706M
Earnings reports
Last 12
Next reportAround Nov 4 (est.)Estimated from the same quarter last year
Results filedSep 9
Results filedMay 8
Results filedFeb 6
Results filedNov 5, 2025
Results filedAug 8, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days