The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-15.2%
MissDebt under half of equityNot relying on borrowed money.3.08x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-43.7%
MissProfitable every yearSteady profits, not one good year.0 of 8 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$345.6M
PassShare count not growingNot diluting owners. Falling means buybacks.-15.4% in 3 years
Revenue
$1.6B
-6.3% vs prior year
5-year growth
+39.6%/yr
revenue, per year
Total debt
$12.0B
3.08x equity
Free cash flow
$345.6M
21.9% 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 Apr 3, 2025
Revenue
$398.0M
+0.9% YoY
EPS
-$0.37
vs -$0.49
Op. margin
63.4%
+2.2 pts
Gross margin
58.5%
+0.8 pts
Free cash flow
$106.0M
Share count
-3.1%
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
39/ 100
This week
1
Normal week
1.7
vs normal
0.6x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-5.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
3.6x · $12.0B debt
Shares outstandingLatest reported
10K
Why elevated risk
Losing money, losses are large next to sales
High debt: 3.61x equity
7 offering filings in 6 months (may sell new shares)
Earnings reports
Last 8
Next reportDue any dayEstimated from the same quarter last year
Results filedApr 3, 2025
Results filedNov 27, 2024
Results filedMay 16, 2024
Results filedFeb 7, 2024
Results filedNov 20, 2023
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days