The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.9.3%
MissDebt under half of equityNot relying on borrowed money.1.87x equity
PassProfitable every yearSteady profits, not one good year.6 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$88.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+32.5% in 3 years
Total debt
$774.4M
1.87x equity
Free cash flow
-$88.0M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Aug 31, 2026
Reported Oct 6
EPS
-$0.41
vs $0.84
Free cash flow
-$27.8M
Share count
+2.4%
vs a year ago
Insider rating
Last 90 days
78Buying
1 insider bought $446K
Top executive buying (CEO and Director)
New position opened
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
2.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-1.3%
Institutions cut 1.3% from their holdings. 27 bought, 29 sold. 5 quarters of net selling in a row.
Shares held by institutions1.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+5.9%
Cash runwayAt last year's cash burn
11 months
Debt to equityLatest balance sheet: debt compared with what owners have
2.6x · $902.4M debt
Shares outstandingLatest reported
16M
Why moderate risk
Share count growing 5.9% a year
High debt: 2.56x equity
Earnings reports
Last 12
Next reportAround Jan 6, 2027 (est.)Estimated from the same quarter last year
Results filedOct 6
Results filedJul 7
Results filedMay 5
Results filedJan 7
Results filedOct 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.