The checklist Warren Buffett-style investors use. Annual numbers for 2025.
5/6Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.18.9%
PassDebt under half of equityNot relying on borrowed money.0.10x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.12.0%
PassProfitable every yearSteady profits, not one good year.5 of 5 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$402.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+28.0% in 3 years
Revenue
$1.4B
+23.2% vs prior year
Total debt
$100.4M
0.10x equity
Free cash flow
$402.6M
28.4% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$489.5M
+53.0% YoY
EPS
$1.07
vs $0.93
Free cash flow
$67.6M
Share count
+9.1%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.9%
Institutions added 3.9% to their holdings. 132 bought, 119 sold. 2 quarters of net buying in a row.
Shares held by institutions39.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+5.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $417.6M debt
Shares outstandingLatest reported
44M
Why low risk
Share count growing 5.6% a year
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedAug 4
Results filedMay 6
Results filedFeb 23
Results filedOct 29, 2025
Results filedJul 30, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days