Forum Markets (FRMM) Tax Rate (2017 - 2023)
Forum Markets (FRMM) posted Tax Rate of 0.36% for Q4 2023, down 98.08% on a QoQ basis from 18.6% in Q3 2023.
Analysis
Forum Markets (FRMM) Tax Rate (2017 - 2023) Analysis & Trends
Forum Markets has reported Tax Rate for 6 years, with the latest figure at 0.36% in Q4 2023.
- On a quarterly basis, Tax Rate changed N/A year-over-year to 0.36% in Q4 2023; TTM through Dec 2023 was 10.6%, a N/A change from a year earlier, with the FY2025 full-year figure at 21.0%, up 2108.0% from the prior year.
- Tax Rate was 0.36% for Q4 2023 at Forum Markets, down from 18.6% in the prior quarter.
- The five-year high for Tax Rate was 173.73% in Q3 2019, with the low at 1.88% in Q2 2020.
- Average Tax Rate over 4 years is 24.24%, with a median of 0.29% recorded in 2023.
- The sharpest annual moves came in 2019 and 2020: Tax Rate soared 15226 bps in 2019, then slumped 17311 bps in 2020.
- Over 4 years, Tax Rate stood at 0.88% in 2019, then slumped by 92 bps to 0.07% in 2020, then plunged by 1072 bps to 0.64% in 2021, then jumped by 155 bps to 0.36% in 2023.
- The last three Tax Rate figures came in at 0.36% (Q4 2023), 18.6% (Q3 2023), and 0.64% (Q4 2021), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn | 9.09% |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn | 0.00% |
| 3 | Canton Strategic Holdings | 494.45 Mn | 494.45 Mn | - | 27.09% |
| 4 | Cypherpunk Technologies | 446.07 Mn | 446.07 Mn | - | 4.77% |
| 5 | Coincheck | 267.10 Mn | 165.50 Mn | 11.20 Mn | 2.70% |
| 6 | Exodus Movement | 226.48 Mn | -128.60 Mn | - | 14.36% |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Usbc | 194.07 Mn | 190.41 Mn | - | 20.53% |
| 9 | TON Strategy | 187.68 Mn | 187.66 Mn | - | - |
| 10 | Forum Markets | 90.62 Mn | 90.62 Mn | 398,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 0.36% |
| Sep 30, 2023 | 18.60% |
| Dec 31, 2021 | -0.64% |
| Sep 30, 2021 | -0.03% |
| Jun 30, 2021 | 0.02% |
| Mar 31, 2021 | 0.03% |
| Dec 31, 2020 | 0.07% |
| Sep 30, 2020 | 0.62% |
| Jun 30, 2020 | -1.88% |
| Mar 31, 2020 | 0.21% |
| Dec 31, 2019 | 0.88% |
| Sep 30, 2019 | 173.73% |
| Jun 30, 2019 | 118.17% |
| Mar 31, 2019 | 29.26% |
| Dec 31, 2018 | 26.84% |
| Sep 30, 2018 | 21.47% |
| Jun 30, 2018 | 37.42% |
| Mar 31, 2018 | 30.51% |
| Dec 31, 2017 | 58.16% |
| Sep 30, 2017 | 55.39% |