The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/4Weak
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-8.7%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$83.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+1.9% in 3 years
Revenue
$2.1B
-3.2% vs prior year
5-year growth
+1.9%/yr
revenue, per year
Total debt
$905.0M
Current ratio
1.89x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10
Revenue
$455.5M
-11.3% YoY
EPS
-$0.31
vs -$0.17
Op. margin
2.4%
-1.3 pts
Free cash flow
$38.7M
Share count
+1.7%
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
0.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-13.5%
Institutions cut 13.5% from their holdings. 45 bought, 56 sold. 3 quarters of net selling in a row.
Shares held by institutions12.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
9.4x · $855.0M debt
Shares outstandingLatest reported
49M
Why moderate risk
Losing money
High debt: 9.41x equity
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 7
Results filedFeb 26
Results filedNov 6, 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.