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| Date | Value |
|---|---|
| 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% |