22nd Century Group, Inc. (XXII) Financial Statements
Industry: Cigarettes
In fiscal 2025, 22nd Century reported revenue of $17.6M, down 27.9% from $24.4M the year before. Net income was -$5.1M (a -28.7% net margin), or -$1057.40 per diluted share. Gross margin was 42.1% and operating margin was -65.8%. Operating activities generated -$7.7M of cash, leaving -$7.8M of free cash flow. At fiscal year end, 22nd Century held $27.0M in total assets against $8.5M in total liabilities, including $7.1M of cash and equivalents.
Open the full interactive 22nd Century financials → Quarterly statements, key ratios, valuation history and price charts.
22nd Century Key Stats
| Share Price | $0.67 |
|---|---|
| Market Cap | $139.6M |
| Revenue YoY Growth | -27.9% |
| 52-Week Range | $0.67 – $483.00 |
| Shares Outstanding | 209.2 million (basic, 2026 Q2) |
22nd Century Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $28.1M | $30.9M | $62.1M | $32.2M | $24.4M | $17.6M |
| Gross Profit | — | — | — | — | — | $7.4M |
| Operating Income | -$19.2M | -$28.4M | -$57.1M | -$44.9M | -$13.9M | -$11.6M |
| Pre-Tax Income | -$19.7M | -$32.6M | -$60.2M | -$54.6M | -$15.5M | -$13.1M |
| Income Tax | $38,000 | $14,000 | -$434,000 | $47,000 | $30,000 | -$28,000 |
| Net Income | -$19.7M | -$32.6M | -$59.8M | -$140.8M | -$15.2M | -$5.1M |
| Diluted EPS | -$31298400.00 | -$46947600.00 | -$69303600.00 | -$108501120.00 | -$1214331.00 | -$1057.40 |
22nd Century Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.0M | $3.5M | $4.1M | $2.9M |
| Net Income | $5.5M | -$2.8M | -$3.3M | -$3.3M |
| Diluted EPS | -$84.00 | -$0.02 | -$361.60 | -$104.00 |
22nd Century Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | — | — | — | $2.1M | $4.4M | $7.1M |
| Current Assets | $28.3M | $54.4M | $44.6M | $16.3M | $11.5M | $17.6M |
| Total Assets | $51.7M | $76.0M | $114.7M | $27.5M | $21.7M | $27.0M |
| Current Liabilities | $7.3M | $8.4M | $13.0M | $25.0M | $10.0M | $7.3M |
| Total Long-Term Debt | — | — | $3.9M | $13.9M | $6.7M | $708,000 |
| Total Liabilities | $7.6M | $9.9M | $18.7M | $35.9M | $17.7M | $8.5M |
| Shareholders' Equity | $44.1M | $66.1M | $96.0M | -$8.4M | $4.0M | $15.8M |
22nd Century Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$15.6M | -$22.8M | -$51.7M | -$55.0M | -$14.3M | -$7.7M |
| Cash From Investing | $16.5M | -$27.7M | $22.6M | $16.8M | -$139,000 | -$505,000 |
| Cash From Financing | -$304,000 | $50.9M | $30.8M | $37.2M | $16.8M | $11.0M |
| Free Cash Flow | — | -$23.6M | -$55.4M | -$59.6M | -$14.5M | -$7.8M |
Figures from 22nd Century'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 22nd Century financials page for every line item.
22nd Century Company Profile
| Ticker | XXII |
|---|---|
| Exchange | Nasdaq |
| Industry | Cigarettes |
| Headquarters | Williamsville, Indiana |
| Incorporated in | Florida |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001347858 |
Frequently Asked Questions
What was 22nd Century's revenue in fiscal 2025?
22nd Century (XXII) reported revenue of $17.6M for fiscal 2025.
What is 22nd Century's annual revenue history?
22nd Century's annual revenue by fiscal year: 2020: $28.1M; 2021: $30.9M; 2022: $62.1M; 2023: $32.2M; 2024: $24.4M; 2025: $17.6M.
What was 22nd Century's net income in fiscal 2025?
22nd Century reported net income of -$5.1M for fiscal 2025.
What was 22nd Century's earnings per share (EPS) in fiscal 2025?
22nd Century's diluted EPS was -$1057.40 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did 22nd Century generate in fiscal 2025?
22nd Century generated -$7.8M of free cash flow in fiscal 2025.
What was 22nd Century's revenue last quarter?
In its most recent reported quarter (2026 Q2), 22nd Century reported revenue of $2.9M.
How much debt does 22nd Century have?
22nd Century reported $708,000 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of 22nd Century are outstanding?
22nd Century reported a weighted average of 209.2 million basic shares outstanding in 2026 Q2.
What is 22nd Century's market cap?
Based on its latest closing price, 22nd Century (XXII) has a market capitalization of about $139.6M.
When does 22nd Century's fiscal year end?
22nd Century's fiscal year end, as registered with the SEC, is December 31.
Where is 22nd Century headquartered?
22nd Century lists its business address in Williamsville, Indiana in its SEC filings.