Greenlane Holdings (GNLN) Tax Rate (2018 - 2023)

Greenlane Holdings' (GNLN) quarterly Tax Rate came in at 0.08% in Q2 2023, down 3.0% year-on-year from 0.08% in Q2 2022, and up 777.91% quarter-over-quarter from 0.01% in Q1 2023.

Greenlane Holdings (GNLN) Tax Rate (2018 - 2023) Analysis & Trends

Greenlane Holdings has disclosed Tax Rate across 6 years of filings, most recently posting 0.08% for Q2 2023.

  • Tax Rate for Q2 2023 came in at 0.08%, down 3.0% year-over-year; the trailing twelve-month figure through Sep 2023 was 0.2% (up 25.0% YoY), and the FY2025 annual result was 0.01%, changed N/A from the prior year.
  • Tax Rate came in at 0.08% for Q2 2023 at Greenlane Holdings, up from 0.01% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 526.31% in Q3 2019 to a low of 1.62% in Q3 2020.
  • The 5-year median for Tax Rate is 0.01% (2021), against an average of 31.09%.
  • Across the five-year window, Tax Rate jumped 19355 bps in 2019 and slumped 52793 bps in 2020, its largest moves.
  • Greenlane Holdings' Tax Rate stood at 0.31% in 2019, then slumped by 240 bps to 0.43% in 2020, then jumped by 57 bps to 0.19% in 2021, then jumped by 436 bps to 0.63% in 2022, then plunged by 88 bps to 0.08% in 2023.
  • The last three Tax Rate figures came in at 0.08% (Q2 2023), 0.01% (Q1 2023), and 0.63% (Q4 2022), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Philip Morris International 277.78 Bn 274.30 Bn 6.91 Bn 18.46%
2 Altria 120.77 Bn 117.29 Bn 3.51 Bn 23.64%
3 British American Tobacco p.l.c 45.84 Bn 40.53 Bn - -
4 Turning Point Brands 1.66 Bn 1.49 Bn 68.30 Mn -25.24%
5 Universal 1.35 Bn 1.30 Bn 98.47 Mn -16.06%
6 RLX Technology 355.86 Mn -269.04 Mn 73.10 Mn -13.33%
7 Ispire Technology 97.40 Mn 79.11 Mn 1.99 Mn -1.90%
8 Rythm 54.37 Mn 21.11 Mn 10.40 Mn 451.30%
9 Greenlane Holdings 11.69 Mn -26.54 Mn 217,000.00 -
10 22nd Century 2.50 Mn -7.04 Mn -636,000.00 -

Historic Data

Download Data
DateValue
Jun 30, 2023 0.08%
Jun 30, 2023 0.08%
Mar 31, 2023 -0.01%
Mar 31, 2023 -0.01%
Dec 31, 2022 0.63%
Dec 31, 2022 0.63%
Jun 30, 2022 0.11%
Jun 30, 2022 0.11%
Mar 31, 2022 -0.42%
Mar 31, 2022 -0.42%
Dec 31, 2021 -0.19%
Dec 31, 2021 -0.19%
Sep 30, 2021 -0.01%
Sep 30, 2021 -0.01%
Jun 30, 2021 -0.07%
Jun 30, 2021 -0.07%
Mar 31, 2021 0.23%
Mar 31, 2021 0.23%
Dec 31, 2020 -0.43%
Dec 31, 2020 -0.43%