SmartKem, Inc. (SMTK) Financial Statements
Industry: Semiconductors & Related Devices
In fiscal 2025, SmartKem reported revenue of $697,000, up 750.0% from $82,000 the year before. Net income was -$10.5M (a -1507.7% net margin), or -$64.50 per diluted share. Gross margin was 61.0% and operating margin was -1841.5%. Operating activities generated -$7.7M of cash, leaving -$7.9M of free cash flow. At fiscal year end, SmartKem held $2.3M in total assets against $6.2M in total liabilities, including $374,000 of cash and equivalents.
Open the full interactive SmartKem financials → Quarterly statements, key ratios, valuation history and price charts.
SmartKem Key Stats
| Share Price | $0.74 |
|---|---|
| Market Cap | $347,484 |
| Revenue YoY Growth | +750.0% |
| 52-Week Range | $0.74 – $141.50 |
| Shares Outstanding | 470,209 (basic, 2026 Q2) |
SmartKem Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $18,000 | $40,000 | $27,000 | $82,000 | $697,000 |
| Cost of Goods Sold | $8,000 | — | $23,000 | — | — |
| Gross Profit | $10,000 | $7,000 | $4,000 | $50,000 | $425,000 |
| Operating Income | -$16.3M | -$9.7M | -$10.0M | -$10.5M | -$12.8M |
| Pre-Tax Income | -$17.1M | -$11.5M | -$8.5M | -$10.3M | -$10.5M |
| Income Tax | — | $24,000 | — | $1,000 | -$24,000 |
| Net Income | -$17.1M | -$11.5M | -$8.5M | -$10.3M | -$10.5M |
| Diluted EPS | -$34.00 | -$20.00 | -$316.00 | -$300.00 | -$64.50 |
SmartKem Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $81,000 | $561,000 | $20,000 | $0 |
| Net Income | -$3.9M | -$2.1M | -$19.4M | -$3.3M |
| Diluted EPS | -$22.50 | -$0.25 | -$67.00 | -$7.00 |
SmartKem Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $12.2M | $4.2M | $8.8M | $7.1M | $374,000 |
| Current Assets | $14.1M | $6.4M | $10.5M | $8.5M | $1.5M |
| Total Assets | $15.1M | $7.5M | $11.3M | $8.9M | $2.3M |
| Current Liabilities | $1.5M | $1.4M | $1.8M | $2.3M | $5.9M |
| Total Long-Term Debt | $47,500 | — | — | — | — |
| Total Liabilities | $1.5M | $1.6M | $3.2M | $2.3M | $6.2M |
| Shareholders' Equity | $13.5M | $5.9M | $8.1M | $6.6M | -$3.9M |
SmartKem Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$10.5M | -$9.0M | -$8.0M | -$8.1M | -$7.7M |
| Cash From Investing | -$341,000 | -$79,000 | -$18,000 | -$75,000 | -$123,000 |
| Cash From Financing | $22.2M | $1.8M | $12.7M | $6.5M | $1.0M |
| Free Cash Flow | -$10.9M | -$9.1M | -$8.1M | -$8.2M | -$7.9M |
Figures from SmartKem's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full SmartKem financials page for every line item.
SmartKem Company Profile
| Ticker | SMTK |
|---|---|
| Exchange | Nasdaq |
| Industry | Semiconductors & Related Devices |
| Headquarters | Delaware, Delaware |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001817760 |
Frequently Asked Questions
What was SmartKem's revenue in fiscal 2025?
SmartKem (SMTK) reported revenue of $697,000 for fiscal 2025.
What is SmartKem's annual revenue history?
SmartKem's annual revenue by fiscal year: 2021: $18,000; 2022: $40,000; 2023: $27,000; 2024: $82,000; 2025: $697,000.
What was SmartKem's net income in fiscal 2025?
SmartKem reported net income of -$10.5M for fiscal 2025.
What was SmartKem's earnings per share (EPS) in fiscal 2025?
SmartKem's diluted EPS was -$64.50 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did SmartKem generate in fiscal 2025?
SmartKem generated -$7.9M of free cash flow in fiscal 2025.
What was SmartKem's revenue last quarter?
In its most recent reported quarter (2026 Q2), SmartKem reported revenue of $0.
How many shares of SmartKem are outstanding?
SmartKem reported a weighted average of 470,209 basic shares outstanding in 2026 Q2.
What is SmartKem's market cap?
Based on its latest closing price, SmartKem (SMTK) has a market capitalization of about $347,484.
When does SmartKem's fiscal year end?
SmartKem's fiscal year end, as registered with the SEC, is December 31.
Where is SmartKem headquartered?
SmartKem lists its business address in Delaware, Delaware in its SEC filings.