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ANTA

Antalpha Platform Holding Company
CIK 0002044255 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
85.5
composite ยท 3 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-12-31 ยท TRIGGERED91.4

Earnings quality

Beneish M-Score -0.33 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-14) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -0.327,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.16,
    "GMI": 1,
    "AQI": 3.796,
    "SGI": 1.679,
    "DEPI": 1.159,
    "SGAI": 1,
    "LVGI": 0.397,
    "TATA": 0.012
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": 0.0154,
  "inputs": {
    "revenue_t": 79678739,
    "revenue_t1": 47454993,
    "total_assets_t": 2406952500,
    "net_income_t": 24434334,
    "cfo_t": -3838110
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2044255/000121390026043573/0001213900-26-043573-index.htm",
    "form": "20-F",
    "filed": "2026-04-14"
  }
}
P-12 ยท FY 2025-12-31 ยท TRIGGERED75.1

Restatement predictor

F-Score 2.25 โ€” misstatement risk 2.3x the base rate
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-14) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 2.254,
  "probability": 0.00834,
  "components": {
    "rsst": 0.0154,
    "drec": 0.0021,
    "dinv": null,
    "soft": 0.9966,
    "dcs": 0.5973,
    "droa": 0.0066,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2044255/000121390026043573/0001213900-26-043573-index.htm",
    "form": "20-F",
    "filed": "2026-04-14"
  }
}
P-05 ยท FY 2025-12-31 ยท ELEVATED63.7

Tax arbitrage

ETR 8.7% vs 21% statutory โ€” gap persistent across 2 of 2 years
trend: flat
Trend
Source: 20-F on SEC.gov (filed 2026-04-14) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.0873,
    "2024-12-31": 0.1143
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.1227,
    "2024-12-31": 0.0957
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/2044255/000121390026043573/0001213900-26-043573-index.htm",
    "form": "20-F",
    "filed": "2026-04-14"
  }
}