The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/4Mixed
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.1%
PassProfitable every yearSteady profits, not one good year.9 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$36.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+17.1% in 3 years
Revenue
$947.7M
+36.3% vs prior year
5-year growth
+19.4%/yr
revenue, per year
Total debt
$168.8M
Current ratio
1.14x
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, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$298.0M
+35.8% YoY
EPS
$0.25
vs $0.20
Op. margin
5.8%
+0.5 pts
Free cash flow
$15.5M
Share count
+1.7%
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
1
Normal week
1.2
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-4.1%
Institutions cut 4.1% from their holdings. 98 bought, 90 sold.
Shares held by institutions32.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+5.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.5x · $192.5M debt
Shares outstandingLatest reported
35M
Why low risk
Share count growing 5.4% a year
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedFeb 25
Results filedNov 5, 2025
Results filedAug 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days