The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
PassReturn on equity 15%+Earns a lot on the money owners have in the business.37.5%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.9.4%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$590.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+19.1% in 3 years
Revenue
$2.6B
+10.2% vs prior year
5-year growth
+37.5%/yr
revenue, per year
Free cash flow
$590.6M
22.9% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: 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 7
Revenue
$749.0M
+13.6% YoY
EPS
$1.42
vs $1.12
Op. margin
23.3%
+2.2 pts
Gross margin
48.7%
-1.0 pts
Free cash flow
$152.7M
Share count
+3.7%
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
0
Normal week
1.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.3%
Institutions cut 0.3% from their holdings. 226 bought, 174 sold. 3 quarters of net selling in a row.
Shares held by institutions63.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.9%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
5.4x · $4.0B debt
Shares outstandingLatest reported
63M
Why low risk
High debt: 5.4x equity
Earnings reports
Last 12
Next reportIn 6 days (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 1
Results filedFeb 24
Results filedNov 4, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days