BitVentures (BVC) Tax Provisions (2020 - 2023)
BitVentures (BVC) posted quarterly Tax Provisions of $6.3 million for Q2 2023, down 32.8% year-over-year from $9.4 million in Q2 2022, and down 32.8% quarter-over-quarter from $9.4 million in Q2 2022.
BitVentures (BVC) Tax Provisions (2020 - 2023) Analysis & Trends
BitVentures (BVC) has reported Tax Provisions for 4 consecutive years, with $6.3 million the latest figure, recorded in Q2 2023.
- In Q2 2023, Tax Provisions fell 32.8% year-over-year to $6.3 million; the TTM figure through Jun 2023 stood at $23.9 million (up 20.48% YoY), while the FY2025 annual figure was $117000.0, changed N/A from the prior year.
- Tax Provisions retreated to $6.3 million in Q2 2023 per BVC's latest filing, from $9.4 million in the prior quarter.
- Across five years, Tax Provisions topped out at $9.4 million in Q2 2022 and bottomed at $1.8 million in Q1 2020.
- Historically, Tax Provisions has averaged $4.7 million across 4 years, with a median of $4.1 million in 2021.
- Annual changes were most pronounced in 2022 — Tax Provisions surged 153.11% — and 2023, when it tumbled 32.8%.
- BitVentures' Tax Provisions stood at $2.3 million in 2020, then jumped by 63.56% to $3.7 million in 2021, then surged by 153.11% to $9.4 million in 2022, then plunged by 32.8% to $6.3 million in 2023.
- Business Quant data shows BVC's Tax Provisions at $6.3 million in Q2 2023, $9.4 million in Q2 2022, and $3.7 million in Q2 2021.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -1.86 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 273.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 614.00 Mn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 840.00 Mn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 140.00 Mn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -1.09 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 279.20 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 526.00 Mn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 983.00 Mn |
| 10 | BitVentures | 67.11 Mn | 67.11 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 6.34 Mn |
| Jun 30, 2022 | 9.44 Mn |
| Jun 30, 2021 | 3.73 Mn |
| Mar 31, 2021 | 4.39 Mn |
| Jun 30, 2020 | 2.28 Mn |
| Mar 31, 2020 | 1.85 Mn |