SmartKem, Inc. financials
Source: EDGAR filings · Built 2026-06-19T03:09:26Z
Custom taxonomy namespace:
ffd
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -7.86M | -8.17M | -8.05M | -9.13M | -10.07M | -4.20M |
| EBITDA | -12.62M | -10.21M | -9.85M | -9.50M | -16.09M | -4.35M |
| Working Capital | -4.41M | 6.22M | 8.76M | 5.04M | 12.59M | 945.00K |
| Net Debt | 1.14M | -7.07M | -8.59M | -3.79M | -12.06M | -506.52K |
| Gross Margin | 60.98% | 60.98% | 14.81% | 17.50% | 55.56% | 41.49% |
| Operating Margin | -1841.46% | -12760.98% | -37003.70% | -24235.00% | -90566.67% | -4840.43% |
| Net Margin | -1507.75% | -12597.56% | -31477.78% | -28737.50% | -95144.44% | -24609.57% |
| Return on Equity (ROE) | 267.13% | -156.73% | -104.76% | -195.39% | -126.65% | -1249.76% |
| Return on Assets (ROA) | -459.31% | -116.02% | -75.40% | -152.76% | -113.72% | -784.44% |
| Current Ratio | 0.25× | 3.72× | 5.95× | 4.59× | 9.34× | 1.88× |
| Debt-to-Equity | -0.38× | 0.01× | 0.03× | 0.08× | 0.01× | 0.14× |
| Effective Tax Rate | 0.23% | -0.01% | — | -0.21% | — | — |
| Cash Conversion Ratio | 0.74× | 0.78× | 0.95× | 0.79× | 0.57× | 0.18× |
| Accruals Ratio | -1.21× | -0.25× | -0.04× | -0.33× | -0.49× | -6.46× |
| SBC % of Revenue | 149.21% | 1036.59% | 2655.56% | 1220.00% | 34422.22% | — |
| CapEx Coverage | -62.89× | -107.95× | -446.50× | -114.54× | -28.53× | -34.59× |
| Free Cash Flow Per Share | $-0.96 | $-2.51 | $-5.99 | $-11.03 | $-0.40 | $-0.33 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenues | 697.00K | 82.00K | 27.00K | 40.00K | 18.00K | 94.00K |
| Cost of Revenue | 272.00K | 32.00K | 23.00K | 33.00K | 8.00K | 55.00K |
| Gross Profit | 425.00K | 50.00K | 4.00K | 7.00K | 10.00K | 39.00K |
| Research and Development Expense | 7.02M | 5.11M | 5.56M | 5.80M | 8.20M | 4.32M |
| Selling, General and Administrative Expense | 7.37M | 6.34M | 5.19M | 5.07M | 8.07M | 1.71M |
| Operating Expenses | 14.21M | 11.53M | 10.83M | 10.87M | 17.60M | 6.03M |
| Operating Income (Loss) | -12.84M | -10.46M | -9.99M | -9.69M | -16.30M | -4.55M |
| Income Tax Expense (Benefit) | -24.00K | 1.00K | — | 24.00K | — | — |
| Net Income (Loss) Attributable to Parent | -10.51M | -10.33M | -8.50M | -11.49M | -17.13M | -23.13M |
| Earnings Per Share, Basic | $-1.29 | $-3.17 | $-6.32 | $-13.88 | $-0.68 | $-1.80 |
| Weighted Average Number of Shares Outstanding, Basic | 8.16M | 3.26M | 1.34M | 827,906 | 25.23M | 12.82M |
| Earnings Per Share, Diluted | $-1.29 | $-6.00 | $-6.32 | $-13.88 | $-0.68 | $-1.80 |
| Weighted Average Number of Shares Outstanding, Diluted | 8.16M | 3.26M | 1.34M | 827,906 | 25.23M | 12.82M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 374.00K | 7.14M | 8.84M | 4.24M | 12.23M | 764.00K |
| Assets, Current | 1.50M | 8.51M | 10.53M | 6.44M | 14.10M | 2.02M |
| Assets | 2.29M | 8.90M | 11.27M | 7.53M | 15.06M | 2.95M |
| Liabilities, Current | 5.91M | 2.29M | 1.77M | 1.40M | 1.51M | 1.08M |
| Liabilities | 6.22M | 2.31M | 3.16M | 1.64M | 1.54M | 1.10M |
| Stockholders' Equity Attributable to Parent | -3.93M | 6.59M | 8.11M | 5.88M | 13.52M | 1.85M |
| Common Stock, Shares, Outstanding | 6.84M | 3.59M | 889,668 | 771,054 | 25.55M | 13.63M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -7.74M | -8.10M | -8.04M | -9.05M | -9.73M | -4.08M |
| Payments to Acquire Property, Plant, and Equipment | 123.00K | 75.00K | 18.00K | 79.00K | 341.00K | 118.00K |
| Net Cash Provided by (Used in) Investing Activities | -123.00K | -75.00K | -18.00K | -79.00K | -341.00K | -118.00K |
| Net Cash Provided by (Used in) Financing Activities | 1.00M | 6.53M | 12.69M | 1.83M | 22.20M | 4.59M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -1.43M | -6.43M | — | — | -1.09M |
| EBITDA | -2.54M | -2.10M | — | — | -3.08M | -2.34M |
| Working Capital | 4.96M | -4.41M | -3.46M | -558.00K | 3.53M | 6.22M |
| Net Debt | -6.96M | 1.14M | -231.00K | -488.00K | -3.84M | -7.07M |
| Gross Margin | 80.00% | 57.58% | 93.83% | 12.50% | 95.65% | 100.00% |
| Operating Margin | -12865.00% | -380.75% | -3937.04% | -13662.50% | -13643.48% | -5714.29% |
| Net Margin | -96845.00% | -366.31% | -4839.51% | -7500.00% | -9278.26% | -6411.90% |
| Return on Equity (ROE) | -358.29% | 52.24% | 132.79% | 1889.76% | -56.35% | -40.86% |
| Return on Assets (ROA) | -204.38% | -89.82% | -120.69% | -56.05% | -36.11% | -30.24% |
| Current Ratio | 2.29× | 0.25× | 0.41× | 0.86× | 2.68× | 3.72× |
| Debt-to-Equity | 0.11× | -0.38× | -0.22× | -5.23× | 0.01× | 0.01× |
| Effective Tax Rate | — | 0.00% | 0.61% | -0.04% | 1.16% | 0.00% |
| Cash Conversion Ratio | 0.08× | 0.69× | 1.61× | 2.55× | 1.56× | 0.40× |
| Accruals Ratio | -1.88× | -0.28× | 0.74× | 0.87× | 0.20× | -0.18× |
| SBC % of Revenue | 1275.00% | 48.31% | 949.38% | 1593.75% | 1086.96% | 614.29% |
| CapEx Coverage | — | -78.61× | -60.20× | — | — | — |
| Free Cash Flow Per Share | — | $-0.18 | $-0.73 | — | — | $-0.33 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 20.00K | 561.00K | 81.00K | 32.00K | 23.00K | 42.00K |
| Cost of Revenue | 4.00K | 238.00K | 5.00K | 28.00K | 1.00K | 0 |
| Gross Profit | 16.00K | 323.00K | 76.00K | 4.00K | 22.00K | 42.00K |
| Research and Development Expense | 913.00K | 1.04M | 2.06M | 2.43M | 1.50M | 1.17M |
| Selling, General and Administrative Expense | 1.66M | 1.67M | 1.33M | 2.36M | 2.01M | 1.56M |
| Operating Expenses | 2.62M | 2.70M | 3.45M | 4.66M | 3.41M | 2.73M |
| Operating Income (Loss) | -2.57M | -2.14M | -3.19M | -4.37M | -3.14M | -2.40M |
| Income Tax Expense (Benefit) | — | 0 | -24.00K | 1.00K | -25.00K | 0 |
| Net Income (Loss) Attributable to Parent | -19.37M | -2.06M | -3.92M | -2.40M | -2.13M | -2.69M |
| Earnings Per Share, Basic | $-1.34 | $-0.21 | $-0.45 | $-0.30 | $-0.32 | $-0.68 |
| Weighted Average Number of Shares Outstanding, Basic | 14.44M | 8.16M | 8.78M | 8.07M | 6.65M | 3.26M |
| Earnings Per Share, Diluted | $-1.34 | $-0.21 | $-0.45 | $-0.30 | $-0.32 | $-1.20 |
| Weighted Average Number of Shares Outstanding, Diluted | 14.44M | 8.16M | 8.78M | 8.07M | 6.65M | 3.26M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 7.57M | 374.00K | 881.00K | 1.15M | 3.88M | 7.14M |
| Assets, Current | 8.80M | 1.50M | 2.36M | 3.43M | 5.64M | 8.51M |
| Assets | 9.48M | 2.29M | 3.25M | 4.28M | 5.91M | 8.90M |
| Liabilities, Current | 3.84M | 5.91M | 5.82M | 3.99M | 2.10M | 2.29M |
| Liabilities | 4.07M | 6.22M | 6.20M | 4.41M | 2.12M | 2.31M |
| Stockholders' Equity Attributable to Parent | 5.41M | -3.93M | -2.95M | -127.00K | 3.79M | 6.59M |
| Common Stock, Shares, Outstanding | 21.20M | 6.84M | 5.61M | 4.44M | 3.62M | 3.59M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -1.57M | -1.42M | -6.32M | -6.12M | -3.34M | -1.09M |
| Payments to Acquire Property, Plant, and Equipment | — | 18.00K | 105.00K | — | — | 0 |
| Net Cash Provided by (Used in) Investing Activities | — | -18.00K | -105.00K | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | 8.60M | — | — | — | — | 6.53M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SMTK CIK 0001817760),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.