The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/4Strong
PassReturn on equity 15%+Earns a lot on the money owners have in the business.52.4%
PassDebt under half of equityNot relying on borrowed money.0.07x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.16.6%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$53.1M
Revenue
$248.5M
+22.0% vs prior year
Total debt
$5.8M
0.07x equity
Free cash flow
$53.1M
21.4% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 5
Revenue
$87.5M
+45.1% YoY
EPS
$0.18
vs $0.13
Op. margin
20.1%
+7.9 pts
Free cash flow
$9.3M
Share count
-76.7%
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
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-17.4%
Institutions cut 17.4% from their holdings. 46 bought, 38 sold. 2 quarters of net selling in a row.
Shares held by institutions9.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+174.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $3.0M debt
Shares outstandingLatest reported
13M
Why moderate risk
Share count growing 174.5% a year (dilution)
Earnings reports
Last 10
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 7
Results filedFeb 25
Results filedNov 12, 2025
Results filedAug 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days