The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/4Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.57.4%
PassDebt under half of equityNot relying on borrowed money.0.03x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.38.4%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$794.6M
Revenue
$1.2B
+36.5% vs prior year
Total debt
$33.7M
0.03x equity
Free cash flow
$794.6M
68.7% 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: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026
Reported Oct 27After close4:27 pm ET
Revenue
$361.1M
+35.9% YoY
EPS
$1.09
vs $0.79
From the press release, checked against last year's SEC filing. Cash flow and share count update with the 10-Q.
Insider rating
Last 90 days
46Mixed
Pre-planned sales of $379K (weaker signal)
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
56/ 100
This week
3
Normal week
2.3
vs normal
1.3x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+7.8%
Institutions added 7.8% to their holdings. 134 bought, 77 sold. 5 quarters of net buying in a row.
Shares held by institutions57.2M
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
0.0x · $29.7M debt
Shares outstandingLatest reported
117M
Earnings reports
Last 6
Next reportAround Feb 23, 2027 (est.)Estimated from the same quarter last year
Results filedOct 27
Results filedJul 28
Results filedApr 28
Results filedFeb 24
Results filedNov 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.