Turbo Energy (TURB) Deferred Taxes (2023 - 2025)
Turbo Energy (TURB) reported Deferred Taxes of $2.3 million for Q2 2025, up 102.99% on a YoY basis from $1.1 million in Q2 2024, and up 5.75% quarter-over-quarter from $2.2 million in Q4 2024.
Turbo Energy (TURB) Deferred Taxes (2023 - 2025) Analysis & Trends
Turbo Energy has reported Deferred Taxes for 3 years, with the latest figure at $2.3 million in Q2 2025.
- For the quarter ending Q2 2025, Deferred Taxes rose 102.99% year-over-year to $2.3 million; the trailing twelve-month figure through Jun 2025 stood at $2.3 million (up 102.99% YoY), and the FY2025 full-year result was $180341.6, up 7.22% from the prior year.
- Deferred Taxes for Q2 2025 stood at $2.3 million, up from $2.2 million in the prior quarter.
- The five-year high for Deferred Taxes was $2.3 million in Q2 2025, with the low at $1.1 million in Q4 2023.
- Historically, Deferred Taxes has averaged $1.7 million across 3 years, with a median of $1.7 million in 2024.
- Annual changes were most pronounced in 2024 — Deferred Taxes jumped 92.11% — and 2025, when it surged 102.99%.
- Turbo Energy's Deferred Taxes stood at $1.1 million in 2023, then surged by 92.11% to $2.2 million in 2024, then grew by 5.75% to $2.3 million in 2025.
- The last three Deferred Taxes figures came in at $2.3 million (Q2 2025), $2.2 million (Q4 2024), and $1.1 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -15.71 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -3.13 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | - |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 7.07 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -89,000.00 |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -1.60 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | - |
| 10 | Turbo Energy | 99.71 Mn | 99.10 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2025 | 2.31 Mn |
| Dec 31, 2024 | 2.18 Mn |
| Jun 30, 2024 | 1.14 Mn |
| Dec 31, 2023 | 1.14 Mn |