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.4.5%
MissDebt under half of equityNot relying on borrowed money.0.58x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.28.0%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$7.2B
PassShare count not growingNot diluting owners. Falling means buybacks.-4.9% in 3 years
Revenue
$307.5M
-8.0% vs prior year
5-year growth
-8.1%/yr
revenue, per year
Total debt
$1.1B
0.58x equity
Free cash flow
-$7.2B
-2346.1% of revenue
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 Jul 29
Revenue
$72.7M
+3.6% YoY
EPS
$0.23
vs -$0.04
Free cash flow
-$2.9B
Share count
+0.3%
vs a year ago
Insider rating
Last 90 days
49Mixed
Pre-planned sales of $19K (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
0/ 100
This week
0
Normal week
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+8.7%
Institutions added 8.7% to their holdings. 103 bought, 98 sold.
Shares held by institutions62.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.2%
Cash runwayAt last year's cash burn
0 months
Debt to equityLatest balance sheet: debt compared with what owners have