Greenlane Holdings (GNLN) Tax Rate (2018 - 2023)
Greenlane Holdings (GNLN) reported Tax Rate of 152.4% for Q4 2023, down 18622.0% on a YoY basis from N/an in Q4 2022, and up 196523.57% sequentially from 0.08% in Q2 2023.
Greenlane Holdings (GNLN) Tax Rate (2018 - 2023) Analysis & Trends
Greenlane Holdings (GNLN) has 6 years of Tax Rate data on file, last reported at 152.4% in Q4 2023.
- For the quarter ending Q4 2023, Tax Rate fell 18622.0% year-over-year to 152.4%; the trailing twelve-month figure through Dec 2023 stood at 21.0% (up 1598.0% YoY), and the FY2025 full-year result was 0.01%, down 477.0% from the prior year.
- Tax Rate grew to 152.4% in Q4 2023, from 0.08% 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.
- A 5-year average of 56.6% and a median of 0.03% in 2023 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate plunged 52793 bps in 2020 and surged 33881 bps in 2022, its largest moves.
- Tracing GNLN's Tax Rate over 5 years: stood at 0.31% in 2019, then tumbled by 240 bps to 0.43% in 2020, then soared by 57 bps to 0.19% in 2021, then surged by 179618 bps to 338.62% in 2022, then plunged by 55 bps to 152.4% in 2023.
- Business Quant data shows GNLN's Tax Rate at 152.4% in Q4 2023, 0.08% in Q2 2023, and 0.01% in Q1 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 300.23 Bn | 294.78 Bn | 6.91 Bn | 18.46 |
| 2 | British American Tobacco p.l.c | 133.32 Bn | 128.01 Bn | - | - |
| 3 | Altria | 121.70 Bn | 118.17 Bn | 3.51 Bn | 23.64 |
| 4 | RLX Technology | 2.50 Bn | 1.83 Bn | 73.10 Mn | -13.33 |
| 5 | Turning Point Brands | 1.47 Bn | 1.43 Bn | 68.30 Mn | -25.24 |
| 6 | Universal | 1.35 Bn | 1.11 Bn | 98.47 Mn | -16.06 |
| 7 | Ispire Technology | 89.38 Mn | 71.30 Mn | 1.99 Mn | -1.90 |
| 8 | Rythm | 42.81 Mn | 9.55 Mn | 10.40 Mn | 451.30 |
| 9 | VPR Brands | 11.01 Mn | 8.30 Mn | 138,574.00 | 25.10 |
| 10 | Greenlane Holdings | 8.50 Mn | -29.73 Mn | 217,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 152.40 |
| Dec 31, 2023 | 152.40 |
| Dec 31, 2023 | 152.40 |
| Jun 30, 2023 | 0.08 |
| Jun 30, 2023 | 0.08 |
| Jun 30, 2023 | 0.08 |
| Mar 31, 2023 | -0.01 |
| Mar 31, 2023 | -0.01 |
| Mar 31, 2023 | -0.01 |
| Dec 31, 2022 | 338.62 |
| Dec 31, 2022 | 338.62 |
| Dec 31, 2022 | 338.62 |
| Jun 30, 2022 | 0.11 |
| Jun 30, 2022 | 0.11 |
| Jun 30, 2022 | 0.11 |
| Mar 31, 2022 | -0.42 |
| Mar 31, 2022 | -0.42 |
| Mar 31, 2022 | -0.42 |
| Dec 31, 2021 | -0.19 |
| Dec 31, 2021 | -0.19 |