The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/5Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.7.7%
MissDebt under half of equityNot relying on borrowed money.0.69x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.34.0%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$827.7M
Revenue
$1.6B
+6.9% vs prior year
5-year growth
+8.9%/yr
revenue, per year
Total debt
$4.7B
0.69x equity
Free cash flow
$827.7M
53.3% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Mar 31, 2026
Reported Jul 29
Revenue
$412.5M
+8.3% YoY
Op. margin
71.9%
+0.1 pts
Free cash flow
$152.7M
Share count
+0.9%
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.
Institutional ownership
▲Accumulating+9.1%
Institutions added 9.1% to their holdings. 332 bought, 216 sold.
Shares held by institutions184.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.7x · $5.0B debt
Shares outstandingLatest reported
183M
Earnings reports
Last 12
Next reportIn 0 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedApr 29
Results filedFeb 5
Results filedOct 28, 2025
Results filedJul 29, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days