Growth Metrics

Innovate (VATE) Tax Rate (2016 - 2025)

Innovate (VATE) has 16 years of Tax Rate data on record, last reported at 42.51% in Q3 2025.

  • For Q3 2025, Tax Rate rose 6618.0% year-over-year to 42.51%; the TTM value through Sep 2025 reached 9.84%, up 887.0%, while the annual FY2024 figure was 18.86%, 578.0% down from the prior year.
  • Tax Rate reached 42.51% in Q3 2025 per VATE's latest filing, up from 25.0% in the prior quarter.
  • Across five years, Tax Rate topped out at 42.51% in Q3 2025 and bottomed at 48.65% in Q4 2021.
  • Average Tax Rate over 5 years is 12.66%, with a median of 14.67% recorded in 2023.
  • Peak YoY movement for Tax Rate: tumbled -5899bps in 2021, then skyrocketed 6618bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 48.65% in 2021, then surged by 69bps to 15.0% in 2022, then grew by 7bps to 13.98% in 2023, then decreased by -15bps to 16.11% in 2024, then soared by 364bps to 42.51% in 2025.
  • Per Business Quant database, its latest 3 readings for Tax Rate were 42.51% in Q3 2025, 25.0% in Q2 2025, and 37.97% in Q1 2025.