Tap Real Estate Technologies (RWAX) Gross Margin (2021 - 2024)
Tap Real Estate Technologies' (RWAX) quarterly Gross Margin came in at 63.75% in Q3 2024, down 388.0% year-on-year from 22.14% in Q4 2023, and up 1983.98% quarter-over-quarter from 3.38% in Q2 2024.
Tap Real Estate Technologies (RWAX) Gross Margin (2021 - 2024) Analysis & Trends
Tap Real Estate Technologies has disclosed Gross Margin across 4 years of filings, most recently posting 63.75% for Q3 2024.
- Gross Margin for Q3 2024 came in at 63.75%, down 388.0% year-over-year; the trailing twelve-month figure through Sep 2024 was 45.26% (down 1556.0% YoY), and the FY2023 annual result was 55.92%, down 415.0% from the prior year.
- Gross Margin came in at 63.75% for Q3 2024 at Tap Real Estate Technologies, up from 3.38% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 1621.18% in Q4 2021 to a low of 156.11% in Q3 2022.
- The 4-year median for Gross Margin is 59.09% (2022), against an average of 147.85%.
- Across the five-year window, Gross Margin slumped 154675 bps in 2022 and surged 22375 bps in 2023, its largest moves.
- Tap Real Estate Technologies' Gross Margin stood at 1621.18% in 2021, then tumbled by 95 bps to 74.43% in 2022, then slipped by 9 bps to 67.46% in 2023, then retreated by 6 bps to 63.75% in 2024.
- The last three Gross Margin figures came in at 63.75% (Q3 2024), 3.38% (Q2 2024), and 14.58% (Q1 2024), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | IHS Holding | 45.03 Bn | 44.04 Bn | 231.80 | 55.80% |
| 2 | Cbre | 38.54 Bn | 37.33 Bn | 1.85 Bn | 17.59% |
| 3 | Costar | 14.00 Bn | 12.72 Bn | 701.00 Mn | 78.15% |
| 4 | Jones Lang Lasalle | 13.85 Bn | 13.53 Bn | - | - |
| 5 | KE Holdings | 7.04 Bn | 4.80 Bn | 661.06 Mn | 24.14% |
| 6 | Compass | 5.66 Bn | 5.19 Bn | 2.31 Bn | 85.28% |
| 7 | Opendoor Technologies | 4.24 Bn | 4.17 Bn | 72.00 Mn | 10.00% |
| 8 | Cushman & Wakefield | 3.11 Bn | 2.51 Bn | 420.70 Mn | 16.59% |
| 9 | Newmark | 2.67 Bn | 2.62 Bn | - | - |
| 10 | Tap Real Estate Technologies | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 63.75% |
| Jun 30, 2024 | -3.38% |
| Mar 31, 2024 | 14.58% |
| Dec 31, 2023 | 67.46% |
| Sep 30, 2023 | 67.64% |
| Jun 30, 2023 | 30.52% |
| Mar 31, 2023 | 54.42% |
| Dec 31, 2022 | 74.43% |
| Sep 30, 2022 | -156.11% |
| Jun 30, 2022 | 59.61% |
| Mar 31, 2022 | 48.89% |
| Dec 31, 2021 | 1,621.18% |
| Sep 30, 2021 | 58.57% |
| Jun 30, 2021 | 68.39% |