The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.14.6%
PassDebt under half of equityNot relying on borrowed money.0.02x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.9%
PassProfitable every yearSteady profits, not one good year.7 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$268.0M
PassShare count not growingNot diluting owners. Falling means buybacks.-8.3% in 3 years
Revenue
$3.4B
-11.2% vs prior year
5-year growth
+7.0%/yr
revenue, per year
Total debt
$23.0M
0.02x equity
Current ratio
1.50x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: 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
$806.0M
+1.5% YoY
EPS
-$0.28
vs $0.37
Op. margin
1.7%
-2.1 pts
Free cash flow
-$23.0M
Share count
-3.2%
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
2.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.4%
Institutions cut 0.4% from their holdings. 154 bought, 126 sold.
Shares held by institutions39.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-1.7%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $843.0M debt
Shares outstandingLatest reported
40M
Why low risk
Revenue down 11.2% from the year before
Earnings reports
Last 12
Next reportAround Nov 6 (est.)Estimated from the same quarter last year
Results filedAug 7
Results filedMay 8
Results filedFeb 12
Results filedNov 7, 2025
Results filedAug 8, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardMatthew BarronSVP, Chief Admin & Legal