The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-123.1%
PassDebt under half of equityNot relying on borrowed money.0.41x equity
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$300.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+92.4% in 3 years
Total debt
$99.7M
0.41x equity
Current ratio
6.95x
short-term assets / bills due
Free cash flow
-$300.6M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
EPS
-$0.84
vs -$0.98
Free cash flow
-$70.3M
Share count
+15.9%
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
1
Normal week
0.9
vs normal
1.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.7%
Institutions added 3.7% to their holdings. 184 bought, 104 sold. 7 quarters of net buying in a row.
Shares held by institutions138.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+29.4%
Cash runwayAt last year's cash burn
17 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.8x · $196.2M debt
Shares outstandingLatest reported
122M
Why high risk
Losing money, losses are large next to sales
About 17 months of cash left at its current burn
Share count growing 29.4% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 13 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMar 3
Results filedJan 12
Results filedNov 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days