The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.8.8%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.9.9%
MissProfitable every yearSteady profits, not one good year.3 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.3B
MissShare count not growingNot diluting owners. Falling means buybacks.+3.3% in 3 years
Revenue
$4.2B
+15.8% vs prior year
5-year growth
+20.1%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
7.64x
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 4
Revenue
$1.2B
+18.2% YoY
EPS
-$0.08
vs $0.06
Op. margin
-4.7%
-4.3 pts
Gross margin
78.2%
-1.5 pts
Free cash flow
$269.9M
Share count
-18.4%
vs a year ago
Insider rating
Last 90 days
30Selling
1 insider sold $245K (not pre-planned)
Pre-planned sales of $8.4M (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
44/ 100
This week
4
Normal week
5.0
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-2.8%
Institutions cut 2.8% from their holdings. 299 bought, 407 sold. 3 quarters of net selling in a row.
Shares held by institutions515.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-5.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
563M
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 4
Results filedFeb 12
Results filedNov 4, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days