Wave Life Sciences (WVE) Tax Rate (2014 - 2023)
Wave Life Sciences (WVE) posted Tax Rate of 0.14% for Q4 2023, up 98.63% on a QoQ basis from 10.3% in Q3 2023, and up 144.0% year-over-year from 0.06% in Q4 2022.
Wave Life Sciences (WVE) Tax Rate (2014 - 2023) Analysis & Trends
Wave Life Sciences' Tax Rate history runs 9 years deep, the most recent figure standing at 0.14% for Q4 2023.
- Quarterly Tax Rate rose 144.0% year-over-year to 0.14% in Q4 2023, while the trailing twelve-month figure through Sep 2024 was 0.02% (down 1.0% YoY) and the FY2023 annual result came in at 1.16%, up 159.0% from the prior year.
- Tax Rate was 0.14% for Q4 2023 at Wave Life Sciences, up from 10.3% in the prior quarter.
- Across five years, Tax Rate topped out at 2.84% in Q4 2020 and bottomed at 10.3% in Q3 2023.
- A 4-year average of 1.72% and a median of 0.14% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2021 — Tax Rate plunged 227 bps — and 2023, when it soared 144 bps.
- Wave Life Sciences' Tax Rate stood at 2.84% in 2020, then slumped by 80 bps to 0.57% in 2021, then tumbled by 377 bps to 1.58% in 2022, then soared by 91 bps to 0.14% in 2023.
- Business Quant data shows WVE's Tax Rate at 0.14% in Q4 2023, 10.3% in Q3 2023, and 1.58% in Q4 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -0.34% |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 12.29% |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -5.41% |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 17.68% |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 12.51% |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | - |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 33.09% |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | - |
| 10 | Wave Life Sciences | 1.16 Bn | 612.38 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | -0.14% |
| Dec 31, 2023 | -0.14% |
| Dec 31, 2023 | -0.14% |
| Sep 30, 2023 | -10.30% |
| Sep 30, 2023 | -10.30% |
| Sep 30, 2023 | -10.30% |
| Dec 31, 2022 | -1.58% |
| Dec 31, 2022 | -1.58% |
| Dec 31, 2022 | -1.58% |
| Dec 31, 2021 | 0.57% |
| Dec 31, 2021 | 0.57% |
| Dec 31, 2021 | 0.57% |
| Dec 31, 2020 | 2.84% |
| Dec 31, 2020 | 2.84% |
| Dec 31, 2020 | 2.84% |
| Dec 31, 2018 | 0.34% |
| Dec 31, 2018 | 0.34% |
| Dec 31, 2018 | 0.34% |
| Mar 31, 2018 | -0.49% |
| Mar 31, 2018 | -0.49% |