The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.28.1%
PassDebt under half of equityNot relying on borrowed money.0.39x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.41.0%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$212.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+7.7% in 3 years
Revenue
$392.0M
-4.4% vs prior year
5-year growth
+164.3%/yr
revenue, per year
Total debt
$247.9M
0.39x equity
Current ratio
0.60x
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
$165.8M
+94.2% YoY
EPS
$4.11
vs $1.44
Op. margin
52.6%
+18.9 pts
Free cash flow
$63.5M
Share count
+0.5%
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+7.2%
Institutions added 7.2% to their holdings. 140 bought, 54 sold. 2 quarters of net buying in a row.
Shares held by institutions15.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.4x · $267.5M debt
Shares outstandingLatest reported
20M
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedMar 4
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.