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.0.0%
PassDebt under half of equityNot relying on borrowed money.0.34x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.0.0%
MissProfitable every yearSteady profits, not one good year.8 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$3.6B
MissShare count not growingNot diluting owners. Falling means buybacks.+126.4% in 3 years
Revenue
$5.1B
+1.3% vs prior year
5-year growth
+54.2%/yr
revenue, per year
Total debt
$3.5B
0.34x equity
Current ratio
0.78x
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 5
Revenue
$1.9B
+55.1% YoY
EPS
$0.93
vs $0.28
Op. margin
50.0%
+25.2 pts
Free cash flow
$1.5B
Share count
+14.6%
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
1.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+2.4%
Institutions added 2.4% to their holdings. 341 bought, 256 sold. 2 quarters of net buying in a row.
Shares held by institutions764.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+13.9%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $3.0B debt
Shares outstandingLatest reported
838M
Why moderate risk
Share count growing 13.9% a year (dilution)
Earnings reports
Last 12
Next reportAround Nov 4 (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
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.