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VXRT

Vaxart, Inc.
CIK 0000072444 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
91.8
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 TRIGGERED100.0

Earnings quality

Beneish M-Score 3.40 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-13) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": 3.404,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.306,
    "GMI": 1,
    "AQI": 0.445,
    "SGI": 8.267,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 0.854,
    "TATA": 0.046
  },
  "defaulted_to_neutral": [
    "GMI",
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": 0.0489,
  "inputs": {
    "revenue_t": 237258000,
    "revenue_t1": 28700000,
    "total_assets_t": 186079000,
    "net_income_t": 16327000,
    "cfo_t": 7714000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/72444/000143774926008023/0001437749-26-008023-index.htm",
    "form": "10-K",
    "filed": "2026-03-13"
  }
}
P-05 ยท FY 2025-12-31 ยท ELEVATED82.7

Tax arbitrage

ETR 2.8% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-13) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.0283
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.1817
  },
  "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/72444/000143774926008023/0001437749-26-008023-index.htm",
    "form": "10-K",
    "filed": "2026-03-13"
  }
}
P-12 ยท FY 2025-12-31 ยท ELEVATED56.0

Restatement predictor

F-Score 1.68 โ€” misstatement risk 1.7x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-13) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.681,
  "probability": 0.00622,
  "components": {
    "rsst": 0.0489,
    "drec": 0.05,
    "dinv": null,
    "soft": 0.9708,
    "dcs": 6.9601,
    "droa": 0.4901,
    "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/72444/000143774926008023/0001437749-26-008023-index.htm",
    "form": "10-K",
    "filed": "2026-03-13"
  }
}