Skye Bioscience (SKYE) Tax Rate (2013 - 2025)
Skye Bioscience (SKYE) posted quarterly Tax Rate of 0.02% for Q2 2025, up 8.0% year-over-year from 0.02% in Q2 2024, and down 7.1% quarter-over-quarter from 0.02% in Q1 2025.
Skye Bioscience (SKYE) Tax Rate (2013 - 2025) Analysis & Trends
Skye Bioscience (SKYE) has reported Tax Rate for 13 consecutive years, with 0.02% the latest figure, recorded in Q2 2025.
- In Q2 2025, Tax Rate rose 8.0% year-over-year to 0.02%; the TTM figure through Mar 2026 stood at 0.01% (up 2.0% YoY), while the FY2025 annual figure was 0.01%, up 3.0% from the prior year.
- Tax Rate retreated to 0.02% in Q2 2025 per SKYE's latest filing, from 0.02% in the prior quarter.
- Across five years, Tax Rate topped out at 0.02% in Q4 2022 and bottomed at 0.15% in Q2 2022.
- Historically, Tax Rate has averaged 0.06% across 5 years, with a median of 0.04% in 2024.
- Annual changes were most pronounced in 2022 — Tax Rate fell 7 bps — and 2025, when it grew 8 bps.
- Skye Bioscience's Tax Rate stood at 0.02% in 2021, then climbed by 19 bps to 0.02% in 2022, then tumbled by 616 bps to 0.12% in 2023, then grew by 12 bps to 0.1% in 2024, then soared by 81 bps to 0.02% in 2025.
- Business Quant data shows SKYE's Tax Rate at 0.02% in Q2 2025, 0.02% in Q1 2025, and 0.1% in Q2 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.13 Bn | 131.28 Bn | 2.84 Bn | 20.98% |
| 2 | Regeneron Pharmaceuticals | 85.77 Bn | 77.77 Bn | 3.93 Bn | 15.11% |
| 3 | Argenx Se | 64.64 Bn | 59.46 Bn | 1.37 Bn | 10.91% |
| 4 | Moderna | 58.29 Bn | 53.16 Bn | 52.00 Mn | -1.96% |
| 5 | BeOne Medicines | 41.92 Bn | 36.82 Bn | 1.53 Bn | 24.15% |
| 6 | Alnylam Pharmaceuticals | 31.58 Bn | 28.28 Bn | 992.69 Mn | 7.49% |
| 7 | BioNTech SE | 28.12 Bn | 9.73 Bn | 668.28 Mn | 34.12% |
| 8 | Insmed | 27.39 Bn | 26.22 Bn | 358.27 Mn | -16.71% |
| 9 | Royalty Pharma | 27.27 Bn | 26.43 Bn | - | - |
| 10 | Skye Bioscience | 10.86 Mn | 10.86 Mn | - | -0.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | -0.02% |
| Jun 30, 2025 | -0.02% |
| Jun 30, 2025 | -0.02% |
| Mar 31, 2025 | -0.02% |
| Mar 31, 2025 | -0.02% |
| Mar 31, 2025 | -0.02% |
| Jun 30, 2024 | -0.10% |
| Jun 30, 2024 | -0.10% |
| Jun 30, 2024 | -0.10% |
| Mar 31, 2024 | -0.04% |
| Mar 31, 2024 | -0.04% |
| Mar 31, 2024 | -0.04% |
| Jun 30, 2023 | -0.12% |
| Jun 30, 2023 | -0.12% |
| Jun 30, 2023 | -0.12% |
| Dec 31, 2022 | -0.02% |
| Dec 31, 2022 | -0.02% |
| Dec 31, 2022 | -0.02% |
| Jun 30, 2022 | -0.15% |
| Jun 30, 2022 | -0.15% |