BTTX (Better Therapeutics) Tax Rate %: -0.05% (As of Sep. 2023)

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What is Better Therapeutics Tax Rate %?

Better Therapeutics BTTX Tax Rate % is -0.05% as of Sep. 2023.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Better Therapeutics's Tax Expense for the three months ended in Sep. 2023 was $0.00 Mil. Better Therapeutics's Pre-Tax Income for the three months ended in Sep. 2023 was $-5.86 Mil. Therefore, Better Therapeutics's Tax Rate % for the quarter that ended in Sep. 2023 was -0.05%.

Better Therapeutics Tax Rate % Related Terms

Better Therapeutics Tax Rate % Historical Data

* Premium members only.

The historical data trend for Better Therapeutics's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Better Therapeutics Tax Rate % Chart

Better Therapeutics Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Tax Rate %
0.00 -2.45 0.38 -0.02

Better Therapeutics Quarterly Data
Dec19 Jun20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 -0.05 -0.01 -0.01 -0.05

Better Therapeutics Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Better Therapeutics's Tax Rate % for the fiscal year that ended in Dec. 2022 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2022 )/Pre-Tax Income (A: Dec. 2022 )
=0.007/-39.753
=-0.02 %

Better Therapeutics's Tax Rate % for the quarter that ended in Sep. 2023 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2023 )/Pre-Tax Income (Q: Sep. 2023 )
=0.003/-5.859
=-0.05 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of -0.05% mean?
Better Therapeutics (BTTX) has a Tax Rate % of -0.05% as of Sep. 2023.
Is Better Therapeutics' Tax Rate % too high?
Better Therapeutics' current Tax Rate % is -0.05%.
How does Better Therapeutics' Tax Rate % compare to CYCN and CELZ?
Better Therapeutics' Tax Rate % of -0.05% can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Biotechnology company?
A good Tax Rate % depends on the Biotechnology industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Better Therapeutics's current Tax Rate % is -0.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Better Therapeutics stock overvalued right now?
Better Therapeutics (BTTX) has a current Tax Rate % of -0.05%. The current Tax Rate % is -0.05%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Better Therapeutics (BTTX), the current Tax Rate % is -0.05% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Better Therapeutics Business Description

Address 548 Market Street, Suite 49404, San Francisco, CA, USA, 94104
Better Therapeutics Inc is a prescription digital therapeutics company developing a novel form of cognitive behavioural therapy to address the root causes of cardiometabolic diseases. The company has developed a proprietary platform for the development of FDA-regulated, software-based solutions for type 2 diabetes, heart disease and other conditions.