Metagenomi Therapeutics (MGX) Tax Rate (2023 - 2026)
Metagenomi Therapeutics (MGX) reported Tax Rate of 0.04% for Q1 2026, up 35.0% year-over-year from 0.03% in Q1 2025, and up 71.3% quarter-over-quarter from 0.15% in Q4 2025.
Metagenomi Therapeutics (MGX) Tax Rate (2023 - 2026) Analysis & Trends
Metagenomi Therapeutics (MGX) has 4 years of Tax Rate data on file, last reported at 0.04% in Q1 2026.
- Tax Rate for Q1 2026 came in at 0.04%, up 35.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.17% (down 633.0% YoY), and the FY2025 annual result was 0.07%, down 653.0% from the prior year.
- Tax Rate rose to 0.04% in Q1 2026 per MGX's latest filing, from 0.15% in the prior quarter.
- Over five years, Tax Rate peaked at 17.0% in Q2 2024 and troughed at 17.08% in Q2 2023.
- A 4-year average of 0.67% and a median of 0.1% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate surged 3408 bps in 2024, then sank 1722 bps in 2025.
- A 4-year view of Tax Rate shows it stood at 16.45% in 2023, then jumped by 130 bps to 4.91% in 2024, then tumbled by 103 bps to 0.15% in 2025, then surged by 71 bps to 0.04% in 2026.
- Business Quant data shows MGX's Tax Rate at 0.04% in Q1 2026, 0.15% in Q4 2025, and 1.13% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 814,307.08 Bn | 814,307.05 Bn | - | - |
| 2 | Belite Bio | 55,320.00 Bn | 55,320.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,149.72 Bn | 17,149.72 Bn | - | - |
| 4 | Legend Biotech | 3,590.00 Bn | 3,589.71 Bn | 242.10 Mn | -57.14% |
| 5 | Akari Therapeutics | 1,650.72 Bn | 1,650.72 Bn | - | 5.61% |
| 6 | Evaxion A | 1,522.09 Bn | 1,522.07 Bn | - | -6.79% |
| 7 | Psyence Biomedical | 229.39 Bn | 229.38 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 113.09 Bn | 105.85 Bn | 2.59 Bn | 17.68% |
| 9 | Abivax | 90.15 Bn | 90.15 Bn | - | - |
| 10 | Metagenomi Therapeutics | 46.60 Mn | 46.60 Mn | - | -0.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.04% |
| Mar 31, 2026 | -0.04% |
| Dec 31, 2025 | -0.15% |
| Dec 31, 2025 | -0.15% |
| Sep 30, 2025 | 1.13% |
| Sep 30, 2025 | 1.13% |
| Jun 30, 2025 | -0.22% |
| Jun 30, 2025 | -0.22% |
| Mar 31, 2025 | -0.39% |
| Mar 31, 2025 | -0.39% |
| Dec 31, 2024 | 4.91% |
| Dec 31, 2024 | 4.91% |
| Sep 30, 2024 | 10.09% |
| Sep 30, 2024 | 10.09% |
| Jun 30, 2024 | 17.00% |
| Jun 30, 2024 | 17.00% |
| Dec 31, 2023 | -16.45% |
| Dec 31, 2023 | -16.45% |
| Sep 30, 2023 | -6.48% |
| Sep 30, 2023 | -6.48% |