MARBLEGATE CAPITAL CORPORATION

MGTECIK 0001965052

Analytics Research this company

Financial snapshot

Revenue

Net income

Operating margin

Free cash flow

Total debt

Cash

Research

Filings

Open the filing explorer →

Recent filings load as you scroll to this section.

Analytical signals

How signals work →

Calculations over this company’s filings, each compared with a stated threshold. They indicate where to read more closely; they are analytical evidence, not conclusions, and none implies wrongdoing.

Restatement indicators

P-12 · Calculated

Threshold met

FY 2025-12-31

How closely reported accruals and financing patterns resemble those of companies that later restated.

F-Score 2.40 is above the 1.85 reference level of the Dechow et al. model

Trend: flat

P-12 inputs
Input	Value
model score (0–100)	80.1
f_score	2.403
probability	0.00889
components.rsst	-0.0665
components.drec	null
components.dinv	null
components.soft	0.9637
components.dcs	1.3106
components.droa	-0.0769
components.issue	1
model	Dechow et al. 2011, Model 1 (simplified RSST)
thresholds.elevated	1
thresholds.triggered	1.85
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-03-26 Methodology

Earnings quality

P-01 · Calculated

Below threshold

FY 2025-12-31

Beneish M-Score -3.05 is below the reference levels used here

Trend: flat

How reported earnings relate to accruals and to changes in receivables, margins and asset quality.

P-01 inputs
Input	Value
model score (0–100)	13.0
m_score	-3.046
threshold	-1.78
ratios.DSRI	1
ratios.GMI	1
ratios.AQI	1.002
ratios.SGI	2.311
ratios.DEPI	1
ratios.SGAI	1
ratios.LVGI	5.382
ratios.TATA	-0.065
defaulted_to_neutral	DSRI, GMI, DEPI, SGAI
sloan_accruals	-0.0665
inputs.revenue_t	48532000
inputs.revenue_t1	21004000
inputs.total_assets_t	713032000
inputs.net_income_t	-44947000
inputs.cfo_t	1169000
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-03-26 Methodology

Effective tax rate

P-05 · Calculated

Below threshold

FY 2025-12-31

ETR outside 0-100% (a tax benefit, or tax above pretax income) — within normal range of statutory

Trend: flat

The gap between the effective and the statutory tax rate, and whether it persists across three years.

P-05 inputs
Input	Value
model score (0–100)	0.0
etr_by_year.2025-12-31	5.3721
etr_by_year.2024-12-31	0
statutory_rate	0.21
gap_by_year.2025-12-31	-5.1621
gap_by_year.2024-12-31	0.21
note	Low ETR can be fully legitimate; this flags persistence + magnitude for review.
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-03-26 Methodology

Interest coverage

P-13 · Calculated

Below threshold

FY 2025-12-31

Interest coverage 80.90x, at or above 1.0x

Trend: flat

Whether operating earnings cover interest expense, and for how many consecutive years they did not.

P-13 inputs
Input	Value
model score (0–100)	0.0
icr_by_year.2025-12-31	80.9
icr_by_year.2024-12-31	null
consecutive_years_below_1	0
altman_z_double_prime	5.532
definitions.zombie	ICR<1 for 3+ consecutive FYs (BIS 2018)
definitions.z_distress	<1.1 distress, 1.1-2.6 gray, >2.6 safe
inputs.ebit_t	809000
inputs.interest_expense_t	10000
stale	false
latest_filing_period	2025-12-31

Trend

10-K· 2026-03-26 Methodology

No stored result for Subsidiary jurisdictions, ESG disclosure support, Pension funding, Insider filing timing, Language change, Strategic-review language, Carbon-exposed assets. Some signals are computed on request, and others need inputs this company’s filings do not tag; a missing result is not a finding either way.

Methodology and sources

Financial figures come from SEC XBRL company facts (annual reports). Choose any evidence marker to see the filing behind a value.
Filing text comes from SEC EDGAR. Browse this company on EDGAR ↗
Signals are calculated by Stratum from those filings. Some use AI to read filing text, and every AI claim must quote the document verbatim or it is discarded. Full methodology

More tools: chat with the 10-K · generate an investigation memo