The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-22.6%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-38.1%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$158.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+14.3% in 3 years
Revenue
$460.2M
+15.3% vs prior year
5-year growth
+56.5%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
2.45x
short-term assets / bills due
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 6
Revenue
$106.3M
-3.3% YoY
EPS
-$0.05
vs -$0.04
Op. margin
-71.9%
-22.0 pts
Gross margin
54.7%
-6.2 pts
Free cash flow
-$64.7M
Share count
+2.3%
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
1
Normal week
0.8
vs normal
1.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+53.3%
Institutions added 53.3% to their holdings. 43 bought, 49 sold.
Shares held by institutions43.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+19.4%
Cash runwayAt last year's cash burn
48 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
89M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 19.4% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedFeb 26
Results filedNov 6, 2025
Results filedAug 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days