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.-1.3%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-4.6%
MissProfitable every yearSteady profits, not one good year.6 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$73.6M
MissShare count not growingNot diluting owners. Falling means buybacks.+2.2% in 3 years
Revenue
$148.2M
+6.8% vs prior year
5-year growth
+9.6%/yr
revenue, per year
Total debt
$1.2M
0.00x equity
Free cash flow
$73.6M
49.7% 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 5
Revenue
$39.7M
+4.7% YoY
EPS
$4.78
vs -$0.06
Op. margin
74.8%
-3.6 pts
Free cash flow
$22.6M
Share count
-1.1%
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
1
Normal week
1.9
vs normal
0.5x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.1%
Institutions added 16.1% to their holdings. 94 bought, 68 sold.
Shares held by institutions10.0M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $1.1M debt
Shares outstandingLatest reported
13M
Why moderate risk
Losing money
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 5
Results filedMay 6
Results filedFeb 25
Results filedNov 4, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days