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STRRP

STAR EQUITY HOLDINGS, INC.
CIK 0001210708 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
64.8
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 TRIGGERED74.6

Earnings quality

Beneish M-Score -0.92 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-20) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -0.916,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.426,
    "GMI": 1.08,
    "AQI": 1.223,
    "SGI": 1.229,
    "DEPI": 8.453,
    "SGAI": 1,
    "LVGI": 1.234,
    "TATA": 0.012
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": 0.0161,
  "inputs": {
    "revenue_t": 172159000,
    "revenue_t1": 140056000,
    "total_assets_t": 113231000,
    "net_income_t": -5917000,
    "cfo_t": -7255000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1210708/000121070826000038/0001210708-26-000038-index.htm",
    "form": "10-K",
    "filed": "2026-03-20"
  }
}
P-05 ยท FY 2023-12-31 ยท CLEAN26.4

Tax arbitrage

[FY2023 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 14.4% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-03-14) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2023-12-31": 0.1441
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2023-12-31": 0.0659
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1210708/000121070825000013/0001210708-25-000013-index.htm",
    "form": "10-K",
    "filed": "2025-03-14"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN25.6

Restatement predictor

F-Score 0.77 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-20) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.767,
  "probability": 0.00284,
  "components": {
    "rsst": 0.0161,
    "drec": 0.1825,
    "dinv": 0.0843,
    "soft": 0.745,
    "dcs": 0.1212,
    "droa": 0.0385,
    "issue": 0
  },
  "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/1210708/000121070826000038/0001210708-26-000038-index.htm",
    "form": "10-K",
    "filed": "2026-03-20"
  }
}