The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.13.9%
MissDebt under half of equityNot relying on borrowed money.1.13x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.1%
MissProfitable every yearSteady profits, not one good year.5 of 8 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$13.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+10.9% in 3 years
Revenue
$1.5B
+15.5% vs prior year
5-year growth
+23.6%/yr
revenue, per year
Total debt
$405.8M
1.13x equity
Free cash flow
-$13.9M
-0.9% 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 25
Revenue
$321.7M
-6.8% YoY
EPS
-$0.17
vs -$0.12
Op. margin
1.1%
+4.7 pts
Gross margin
49.8%
+2.6 pts
Free cash flow
-$4.5M
Share count
+2.2%
vs a year ago
Some values are worked out from year-to-date totals in the annual report.
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
1.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-8.8%
Institutions cut 8.8% from their holdings. 84 bought, 68 sold. 4 quarters of net selling in a row.
Shares held by institutions64.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.1x · $370.2M debt
Shares outstandingLatest reported
177M
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 25
Results filedMay 5
Results filedFeb 5
Results filedNov 6, 2025
Results filedAug 21, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days