Beam Therapeutics (BEAM) Tax Rate (2022 - 2024)

Beam Therapeutics (BEAM) reported Tax Rate of 0.04% for Q2 2024, down 104.41% quarter-over-quarter from 0.97% in Q4 2023.

Beam Therapeutics (BEAM) Tax Rate (2022 - 2024) Analysis & Trends

Beam Therapeutics (BEAM) has 3 years of Tax Rate data on file, last reported at 0.04% in Q2 2024.

  • Tax Rate for Q2 2024 came in at 0.04%, changed N/A year-over-year; the trailing twelve-month figure through Mar 2025 was 0.01% (up 109.0% YoY), and the FY2024 annual result was 0.01%, up 106.0% from the prior year.
  • Tax Rate eased to 0.04% in Q2 2024 per BEAM's latest filing, from 0.97% in the prior quarter.
  • Over five years, Tax Rate peaked at 0.97% in Q4 2023 and troughed at 2.95% in Q3 2022.
  • A 3-year average of 1.18% and a median of 1.37% in 2022 frame the typical range for Tax Rate.
  • On a YoY basis, Tax Rate climbed as much as 368 bps in 2023 and fell as far as 368 bps in 2023.
  • A 3-year view of Tax Rate shows it stood at 2.7% in 2022, then surged by 136 bps to 0.97% in 2023, then sank by 104 bps to 0.04% in 2024.
  • Business Quant data shows BEAM's Tax Rate at 0.04% in Q2 2024, 0.97% in Q4 2023, and 2.7% in Q4 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -57.14
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -6.79
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 5.61
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 17.68
9 Abivax 91.96 Bn 91.96 Bn - -
10 Beam Therapeutics 3.53 Bn 3.53 Bn - -

Historic Data

Download Data
DateValue
Jun 30, 2024 -0.04%
Jun 30, 2024 -0.04%
Dec 31, 2023 0.97%
Dec 31, 2023 0.97%
Dec 31, 2022 -2.70%
Dec 31, 2022 -2.70%
Sep 30, 2022 -2.95%
Sep 30, 2022 -2.95%