The checklist Warren Buffett-style investors use. Annual numbers for 2025.
4/6Mixed
PassReturn on equity 15%+Earns a lot on the money owners have in the business.18.8%
MissDebt under half of equityNot relying on borrowed money.4.08x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.15.6%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$252.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+11.5% in 3 years
Revenue
$730.2M
+28.3% vs prior year
5-year growth
+20.4%/yr
revenue, per year
Total debt
$2.7B
4.08x equity
Free cash flow
$252.2M
34.5% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 4
Revenue
$194.0M
-0.8% YoY
EPS
$1.31
vs $2.81
Op. margin
17.5%
+3.0 pts
Free cash flow
$74.8M
Share count
+5.0%
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
54/ 100
This week
2
Normal week
1.7
vs normal
1.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+24.7%
Institutions added 24.7% to their holdings. 127 bought, 36 sold.
Shares held by institutions4.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+3.5%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
3.3x · $2.3B debt
Shares outstandingLatest reported
21M
Why moderate risk
High debt: 3.28x equity
5 offering filings in 6 months (may sell new shares)