23andMe Holding Co. (ME) Income Tax Expense
The tax expense for 23andMe Holding Co. (ME) is $-41,000 with a year-over-year change of -156.16%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
ME Tax Expense Chart
Current Tax Expense
$-41,000
$-41,000
Year-over-Year Change
-156.16%
vs. $73,000 prior year
Historical Data
7
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $-41,000 | $-114,000 | -156.16% |
| 2024 | $73,000 | +$2.85M | +102.63% |
| 2023 | $-2.77M | +$708,000 | +20.34% |
| 2022 | $-3.48M | $-3.48M | — |
| 2021 | $0 | +$0 | — |
| 2020 | $0 | +$0 | — |
| 2019 | $0 | — | — |
About 23andMe Holding Co.
23andMe Holding Co. is a prominent direct-to-consumer genetic testing firm, structured around two primary business units: Consumer & Research Services and Therapeutics. Through its Consumer & Research Services division, the company provides individuals with a comprehensive suite of genetic reports, derived from a simple saliva sample collected via their proprietary kit. These reports offer insights into customers' genetic ancestral origins, predispositions to certain personal health risks, the likelihood of being a carrier for rare conditions that could be passed to offspring, and how their genetic makeup might influence responses to various medications. The Therapeutics segment is dedicated to pharmaceutical research and development, focusing on the discovery and advancement of novel treatments aimed at improving patient well-being across diverse medical fields, including oncology, respiratory, and cardiovascular diseases. This segment also engages in the out-licensing of intellectual property associated with identified drug targets that are progressing through clinical development. 23andMe maintains a strategic partnership with GlaxoSmithKline Intellectual Property (No.3) Limited, leveraging genetic insights to validate, develop, and ultimately commercialize new pharmaceutical products. Established in 2006, the company's corporate headquarters are situated in South San Francisco, California.
- Sector
- Healthcare
- Industry
- Medical - Diagnostics & Research
- CEO
- Joseph Selsavage