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.3.3%
MissDebt under half of equityNot relying on borrowed money.1.30x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.1.0%
MissProfitable every yearSteady profits, not one good year.2 of 8 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$165.5M
PassGross margin 40%+Pricing power: sells for well above what it costs to make.64.3%
Revenue
$748.4M
+12.2% vs prior year
5-year growth
+14.8%/yr
revenue, per year
Total debt
$337.5M
1.30x equity
Current ratio
0.98x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 3
Revenue
$204.0M
+10.5% YoY
Op. margin
-2.2%
-0.1 pts
Gross margin
64.4%
-1.3 pts
Free cash flow
$30.9M
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
0.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-7.0%
Institutions cut 7.0% from their holdings. 129 bought, 106 sold. 3 quarters of net selling in a row.
Shares held by institutions74.7M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
1.4x · $338.6M debt
Shares outstandingLatest reported
26M
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 3
Results filedMay 7
Results filedFeb 11
Results filedNov 3, 2025
Results filedOct 21, 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.