Prime Medicine (PRME) Tax Rate (2021 - 2024)
Prime Medicine (PRME) reported Tax Rate of 0.24% for Q2 2024, up 31.0% on a YoY basis from 0.18% in Q3 2023, and up 182.27% quarter-over-quarter from 0.29% in Q1 2024.
Prime Medicine (PRME) Tax Rate (2021 - 2024) Analysis & Trends
Prime Medicine has reported Tax Rate for 4 years, with the latest figure at 0.24% in Q2 2024.
- For the quarter ending Q2 2024, Tax Rate rose 31.0% year-over-year to 0.24%; the trailing twelve-month figure through Mar 2025 stood at 0.07% (up 9.0% YoY), and the FY2023 full-year result was 0.14%, down 63.0% from the prior year.
- Tax Rate for Q2 2024 stood at 0.24%, up from 0.29% in the prior quarter.
- The five-year high for Tax Rate was 12.62% in Q3 2021, with the low at 2.22% in Q4 2021.
- Historically, Tax Rate has averaged 1.31% across 4 years, with a median of 0.24% in 2024.
- The largest YoY upside for Tax Rate was 269 bps in 2022 against a maximum downside of 1335 bps in 2022.
- Prime Medicine's Tax Rate stood at 2.22% in 2021, then soared by 121 bps to 0.47% in 2022, then tumbled by 55 bps to 0.21% in 2023, then grew by 14 bps to 0.24% in 2024.
- The last three Tax Rate figures came in at 0.24% (Q2 2024), 0.29% (Q1 2024), and 0.21% (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | - |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | - |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -57.14 |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -6.79 |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 5.61 |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 17.68 |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | - |
| 10 | Prime Medicine | 572.02 Mn | 572.02 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 0.24% |
| Jun 30, 2024 | 0.24% |
| Mar 31, 2024 | -0.29% |
| Mar 31, 2024 | -0.29% |
| Sep 30, 2023 | 0.21% |
| Sep 30, 2023 | 0.21% |
| Jun 30, 2023 | -0.07% |
| Jun 30, 2023 | -0.07% |
| Mar 31, 2023 | 0.51% |
| Mar 31, 2023 | 0.51% |
| Dec 31, 2022 | 0.47% |
| Dec 31, 2022 | 0.47% |
| Sep 30, 2022 | -0.73% |
| Sep 30, 2022 | -0.73% |
| Jun 30, 2022 | 1.48% |
| Jun 30, 2022 | 1.48% |
| Mar 31, 2022 | 2.18% |
| Mar 31, 2022 | 2.18% |
| Dec 31, 2021 | -2.22% |
| Dec 31, 2021 | -2.22% |