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.61.4%
PassDebt under half of equityNot relying on borrowed money.No debt reported
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.38.1%
PassGross margin 40%+Pricing power: sells for well above what it costs to make.60.4%
Revenue
$217.0M
+62.0% vs prior year
Total debt
None
0.00x equity
Current ratio
3.86x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, free cash flow positive, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$57.8M
+3.0% YoY
EPS
$0.26
vs $0.26
Op. margin
49.3%
-0.8 pts
Gross margin
63.7%
+3.9 pts
Free cash flow
$15.2M
Share count
+12.0%
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
0/ 100
This week
0
Normal week
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-11.7%
Institutions cut 11.7% from their holdings. 59 bought, 33 sold. 2 quarters of net selling in a row.
Shares held by institutions6.4M
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
No debt reported
Shares outstandingLatest reported
90M
Earnings reports
Last 5
Next reportAround Nov 6 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 6
Results filedFeb 25
Results filedDec 10, 2025
Results filedNov 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.