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| Date | Value |
|---|---|
| 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 |