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{
"etr_by_year": {
"2025-12-31": 0.1856,
"2024-12-31": 0.0771,
"2023-12-31": 0.1377
},
"statutory_rate": 0.21,
"gap_by_year": {
"2025-12-31": 0.0244,
"2024-12-31": 0.1329,
"2023-12-31": 0.0723
},
"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/1141688/000149315226016495/0001493152-26-016495-index.htm",
"form": "10-K",
"filed": "2026-04-14"
}
}