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.20.9%
PassDebt under half of equityNot relying on borrowed money.0.28x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.14.4%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$102.4M
PassShare count not growingNot diluting owners. Falling means buybacks.-24.1% in 3 years
Revenue
$3.2B
+23.1% vs prior year
5-year growth
+29.2%/yr
revenue, per year
Total debt
$688.6M
0.28x equity
Free cash flow
$102.4M
3.2% 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 Jul 29
Revenue
$744.1M
-0.5% YoY
EPS
$0.58
vs $0.50
Free cash flow
-$5.2M
Share count
+0.3%
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
0.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.2%
Institutions cut 0.2% from their holdings. 144 bought, 91 sold. 2 quarters of net selling in a row.
Shares held by institutions97.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-11.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $675.5M debt
Shares outstandingLatest reported
116M
Earnings reports
Last 12
Next reportIn 1 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedMay 7
Results filedFeb 18
Results filedOct 30, 2025
Results filedAug 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days