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.9.3%
PassDebt under half of equityNot relying on borrowed money.0.35x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.9.0%
PassProfitable every yearSteady profits, not one good year.5 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$408.3M
PassShare count not growingNot diluting owners. Falling means buybacks.-46.4% in 3 years
Revenue
$2.5B
+3.3% vs prior year
Total debt
$843.2M
0.35x equity
Free cash flow
-$408.3M
-16.3% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Revenue
$650.0M
+10.3% YoY
EPS
$0.52
vs $0.18
Free cash flow
-$26.7M
Share count
-22.0%
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
0.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-18.8%
Cash runwayAt last year's cash burn
13 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $720.5M debt
Shares outstandingLatest reported
97M
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days