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QTTB (Q32 Bio) Tax Rate % : -0.15% (As of Dec. 2024)


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What is Q32 Bio Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Q32 Bio's Tax Expense for the three months ended in Dec. 2024 was $0.02 Mil. Q32 Bio's Pre-Tax Income for the three months ended in Dec. 2024 was $-14.17 Mil. Therefore, Q32 Bio's Tax Rate % for the quarter that ended in Dec. 2024 was -0.15%.

Q32 Bio Tax Rate % Historical Data

The historical data trend for Q32 Bio'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.

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Q32 Bio Tax Rate % Chart

Q32 Bio Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Tax Rate %
-1.48 -0.15 -0.60 -0.05

Q32 Bio Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.94 - - - -0.15

Q32 Bio Tax Rate % Calculation

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

Q32 Bio's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=0.021/-46.087
=-0.05 %

Q32 Bio's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=0.021/-14.168
=-0.15 %

* 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.

Q32 Bio Tax Rate % Related Terms

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Q32 Bio Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Q32 Bio Inc (NAS:QTTB) » Definitions » Tax Rate %
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Traded in Other Exchanges
DB0:Germany
Address
830 Winter Street, Waltham, MA, USA, 02451
Website
https://www.q32bio.com
Q32 Bio Inc is a clinical-stage biotechnology company focused on developing novel biologics to effectively and safely restore healthy immune balance in patients with autoimmune & inflammatory diseases driven by pathological immune dysfunction. Q32 is advancing antibody-based therapeutic candidates designed to target two central pathways of adaptive & innate immunity. The adaptive immune system is largely composed of T- & B-cell mediated cellular & antibody responses, while the innate immune system is the body's first line of defense employing leukocytes that are responsible for clearing pathogens and cellular debris and modulating T- & B-cell function. ADX-097, the lead product candidate from Q32's complement inhibitor platform, is a humanized anti-C3d monoclonal antibody fusion protein.