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{
"etr_by_year": {
"2025-12-31": 0.052,
"2024-12-31": 0.0311,
"2023-12-31": 0.0405
},
"statutory_rate": 0.21,
"gap_by_year": {
"2025-12-31": 0.158,
"2024-12-31": 0.1789,
"2023-12-31": 0.1695
},
"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/1577670/000157767026000011/0001577670-26-000011-index.htm",
"form": "10-K",
"filed": "2026-02-09"
}
}