The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/3Weak
MissDebt under half of equityNot relying on borrowed money.29.25x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-1.3%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$189.2M
Revenue
$462.1M
+9.9% vs prior year
Total debt
$190.1M
29.25x equity
Free cash flow
$189.2M
41.0% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+, profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$473.2M
+295.7% YoY
EPS
-$1.53
vs -$0.07
Op. margin
7.4%
-26.5 pts
Gross margin
34.9%
-22.6 pts
Free cash flow
$81.3M
Share count
-5.0%
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
0.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+9.7%
Institutions added 9.7% to their holdings. 56 bought, 61 sold. 2 quarters of net buying in a row.
Shares held by institutions4.2M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
8M
Why moderate risk
Losing money
Owes more than it owns (negative equity)
Auditor change
Earnings reports
Last 6
Next reportIn 5 days (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMar 12
Results filedNov 3, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days