The checklist Warren Buffett-style investors use. Annual numbers for 2025.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.6.2%
MissDebt under half of equityNot relying on borrowed money.1.87x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.22.3%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$977.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+10.9% in 3 years
Revenue
$1.8B
-5.3% vs prior year
5-year growth
+10.2%/yr
revenue, per year
Total debt
$12.7B
1.87x equity
Free cash flow
$977.9M
53.0% of revenue
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 6
Revenue
$513.7M
+15.6% YoY
EPS
$0.01
vs $0.38
Free cash flow
$170.7M
Share count
+8.8%
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
0.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.5%
Institutions added 1.5% to their holdings. 250 bought, 224 sold.
Shares held by institutions186.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+5.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
2.1x · $14.0B debt
Shares outstandingLatest reported
370M
Why moderate risk
Share count growing 5.8% a year
High debt: 2.15x equity
Earnings reports
Last 12
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 8
Results filedFeb 25
Results filedNov 10, 2025
Results filedAug 7, 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
Option exerciseBarry S SternlichtCEO, Chairman of the Board, Director