Rekor Systems (REKR) Tax Rate (2016 - 2023)

Rekor Systems (REKR) posted Tax Rate of 0.28% for Q4 2023, down 162.65% quarter-over-quarter from 0.45% in Q4 2022, and down 74.0% year-on-year from 1.09% in Q4 2022.

Rekor Systems (REKR) Tax Rate (2016 - 2023) Analysis & Trends

Rekor Systems (REKR) has reported Tax Rate for 8 consecutive years, with 0.28% the latest figure, recorded in Q4 2023.

  • Tax Rate for Q4 2023 came in at 0.28%, down 74.0% year-over-year; the trailing twelve-month figure through Dec 2023 was 0.07% (down 124.0% YoY), and the FY2025 annual result was 0.04%, down 2.0% from the prior year.
  • Tax Rate was 0.28% for Q4 2023 at Rekor Systems, down from 0.45% in the prior quarter.
  • Over five years, Tax Rate peaked at 33.45% in Q4 2021 and troughed at 1.7% in Q2 2020.
  • Average Tax Rate over 5 years is 2.04%, with a median of 0.19% recorded in 2020.
  • Year-over-year, Tax Rate soared 3483 bps in 2021 and plunged 3299 bps in 2022.
  • Over 5 years, Tax Rate stood at 0.36% in 2019, then sank by 288 bps to 1.39% in 2020, then jumped by 2511 bps to 33.45% in 2021, then tumbled by 99 bps to 0.45% in 2022, then slumped by 163 bps to 0.28% in 2023.
  • Per Business Quant data, the three most recent Tax Rate figures were 0.28% in Q4 2023, 0.45% in Q4 2022, and 1.94% in Q3 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 19.22%
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 19.84%
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 1.37%
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 21.31%
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn -6.22%
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 18.58%
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn -7.01%
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 18.14%
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 21.40%
10 Rekor Systems 98.39 Mn 85.79 Mn 9.35 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2023 -0.28%
Dec 31, 2023 -0.28%
Dec 31, 2022 0.45%
Dec 31, 2022 0.45%
Sep 30, 2022 1.94%
Sep 30, 2022 1.94%
Dec 31, 2021 33.45%
Dec 31, 2021 33.45%
Sep 30, 2021 -0.03%
Sep 30, 2021 -0.03%
Jun 30, 2021 -0.06%
Jun 30, 2021 -0.06%
Mar 31, 2021 -0.06%
Mar 31, 2021 -0.06%
Dec 31, 2020 -1.39%
Dec 31, 2020 -1.39%
Sep 30, 2020 0.11%
Sep 30, 2020 0.11%
Jun 30, 2020 -1.70%
Jun 30, 2020 -1.70%