Metagenomi Therapeutics (MGX) Tax Rate (2023 - 2026)
Metagenomi Therapeutics (MGX) posted quarterly Tax Rate of 0.04% for Q1 2026, up 35.0% year-over-year from 0.03% in Q1 2025, and down 100.05% quarter-over-quarter from 81.68% in Q4 2025.
Metagenomi Therapeutics (MGX) Tax Rate (2023 - 2026) Analysis & Trends
Metagenomi Therapeutics (MGX) has reported Tax Rate for 4 consecutive years, with 0.04% the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Rate rose 35.0% year-over-year to 0.04%; the TTM figure through Mar 2026 stood at 21.56% (up 1507.0% YoY), while the FY2025 annual figure was 21.0%, up 1440.0% from the prior year.
- Tax Rate fell to 0.04% in Q1 2026 per MGX's latest filing, from 81.68% in the prior quarter.
- Across five years, Tax Rate topped out at 81.68% in Q4 2025 and bottomed at 17.08% in Q2 2023.
- Historically, Tax Rate has averaged 7.49% across 4 years, with a median of 0.55% in 2025.
- On a YoY basis, Tax Rate climbed as much as 7677 bps in 2025 and fell as far as 1722 bps in 2025.
- Metagenomi Therapeutics' Tax Rate stood at 16.45% in 2023, then surged by 130 bps to 4.91% in 2024, then soared by 1564 bps to 81.68% in 2025, then slumped by 100 bps to 0.04% in 2026.
- Business Quant data shows MGX's Tax Rate at 0.04% in Q1 2026, 81.68% 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 | Vertex Pharmaceuticals | 137.11 Bn | 129.26 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 84.98 Bn | 76.99 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 64.52 Bn | 59.33 Bn | 1.37 Bn | 10.91% |
| 4 | Moderna | 53.23 Bn | 48.09 Bn | 52.00 Mn | -1.96% |
| 5 | BeOne Medicines | 41.23 Bn | 36.14 Bn | 1.53 Bn | 24.15% |
| 6 | Alnylam Pharmaceuticals | 30.65 Bn | 27.34 Bn | 992.69 Mn | 7.49% |
| 7 | Insmed | 27.15 Bn | 25.99 Bn | 358.27 Mn | -16.71% |
| 8 | Royalty Pharma | 26.98 Bn | 26.14 Bn | - | - |
| 9 | BioNTech SE | 26.78 Bn | 8.39 Bn | 668.28 Mn | 34.12% |
| 10 | Metagenomi Therapeutics | 45.38 Mn | 45.38 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.04% |
| Mar 31, 2026 | -0.04% |
| Mar 31, 2026 | -0.04% |
| Dec 31, 2025 | 81.68% |
| Dec 31, 2025 | 81.68% |
| Dec 31, 2025 | 81.68% |
| Sep 30, 2025 | 1.13% |
| Sep 30, 2025 | 1.13% |
| Sep 30, 2025 | 1.13% |
| Jun 30, 2025 | -0.22% |
| Jun 30, 2025 | -0.22% |
| Jun 30, 2025 | -0.22% |
| Mar 31, 2025 | -0.39% |
| Mar 31, 2025 | -0.39% |
| Mar 31, 2025 | -0.39% |
| Dec 31, 2024 | 4.91% |
| Dec 31, 2024 | 4.91% |
| Dec 31, 2024 | 4.91% |
| Sep 30, 2024 | 10.09% |
| Sep 30, 2024 | 10.09% |