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.-9.9%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-3.6%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$254.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+7.9% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.78.1%
Revenue
$999.4M
+11.0% vs prior year
5-year growth
+17.8%/yr
revenue, per year
Current ratio
0.95x
short-term assets / bills due
Free cash flow
$254.6M
25.5% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Jul 29
Revenue
$268.5M
+8.6% YoY
EPS
$0.03
vs -$0.12
Op. margin
4.6%
+7.6 pts
Gross margin
77.5%
-0.5 pts
Free cash flow
$43.3M
Share count
-6.0%
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
1.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-2.3%
Institutions cut 2.3% from their holdings. 172 bought, 177 sold.
Shares held by institutions115.9M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-1.6%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.8x · $358.1M debt
Shares outstandingLatest reported
110M
Why elevated risk
Losing money
Debt above equity: 1.81x
Bills due within a year exceed short-term assets
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 0 days (est.)Estimated from the same quarter last year
Results filedJul 29
Results filedApr 29
Results filedFeb 4
Results filedOct 29, 2025
Results filedJul 30, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days