Prime Medicine (PRME) Tax Rate (2021 - 2024)

Prime Medicine (PRME) posted Tax Rate of 0.24% for Q2 2024, up 182.27% on a QoQ basis from 0.29% in Q1 2024, and up 31.0% year-over-year from 0.18% in Q3 2023.

Prime Medicine (PRME) Tax Rate (2021 - 2024) Analysis & Trends

Prime Medicine's Tax Rate history runs 4 years deep, the most recent figure standing at 0.24% for Q2 2024.

  • Quarterly Tax Rate rose 31.0% year-over-year to 0.24% in Q2 2024, while the trailing twelve-month figure through Mar 2025 was 0.07% (up 9.0% YoY) and the FY2023 annual result came in at 0.14%, down 63.0% from the prior year.
  • Tax Rate was 0.24% for Q2 2024 at Prime Medicine, up from 0.29% in the prior quarter.
  • Across five years, Tax Rate topped out at 12.62% in Q3 2021 and bottomed at 2.24% in Q4 2021.
  • A 4-year average of 1.31% and a median of 0.24% in 2024 frame the typical range for Tax Rate.
  • Peak annual rise in Tax Rate reached 272 bps in 2022, while the deepest fall reached 1335 bps in 2022.
  • Prime Medicine's Tax Rate stood at 2.24% in 2021, then surged by 121 bps to 0.47% in 2022, then sank by 55 bps to 0.21% in 2023, then rose by 14 bps to 0.24% in 2024.
  • Business Quant data shows PRME's Tax Rate at 0.24% in Q2 2024, 0.29% in Q1 2024, and 0.21% in Q3 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -0.34
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 5.61
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 12.29
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 17.68
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 12.51
7 Belite Bio 61.40 Bn 61.40 Bn - -
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -13.70
9 Revolution Medicines 37.37 Bn 37.37 Bn - -
10 Prime Medicine 524.20 Mn 524.20 Mn - -

Historic Data

Download Data
DateValue
Jun 30, 2024 0.24
Jun 30, 2024 0.24
Jun 30, 2024 0.24
Mar 31, 2024 -0.29
Mar 31, 2024 -0.29
Mar 31, 2024 -0.29
Sep 30, 2023 0.21
Sep 30, 2023 0.21
Sep 30, 2023 0.21
Jun 30, 2023 -0.07
Jun 30, 2023 -0.07
Jun 30, 2023 -0.07
Mar 31, 2023 0.51
Mar 31, 2023 0.51
Mar 31, 2023 0.51
Dec 31, 2022 0.47
Dec 31, 2022 0.47
Dec 31, 2022 0.47
Sep 30, 2022 -0.73
Sep 30, 2022 -0.73