The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-89.5%
PassDebt under half of equityNot relying on borrowed money.0.41x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-19.3%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$239.1M
PassShare count not growingNot diluting owners. Falling means buybacks.-7.8% in 3 years
Revenue
$1.3B
+83.4% vs prior year
Total debt
$202.8M
0.41x equity
Current ratio
3.13x
short-term assets / bills due
Free cash flow
-$239.1M
-18.8% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Jul 30
Revenue
$382.5M
+21.6% YoY
EPS
$0.03
vs -$0.25
Op. margin
-19.8%
-0.2 pts
Free cash flow
-$13.7M
Share count
+5.2%
vs a year ago
Insider rating
Last 90 days
46Mixed
Pre-planned sales of $874K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
40/ 100
This week
3
Normal week
4.3
vs normal
0.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.3%
Institutions added 5.3% to their holdings. 280 bought, 177 sold. 7 quarters of net buying in a row.
Shares held by institutions110.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+12.9%
Cash runwayAt last year's cash burn
33 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.4x · $187.9M debt
Shares outstandingLatest reported
182K
Why elevated risk
Losing money
Share count growing 12.9% a year (dilution)
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 11
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedJul 30
Results filedMay 5
Results filedFeb 24
Results filedJan 12
Results filedNov 4, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days