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SMTK · XBRL financial data

SmartKem financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (SMTK's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024†Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Revenue30*—400*42*233281year only200*
Cost of revenue10*—320*0*1285year only40*
Gross profit20*—80*42*22476—160*
Research and development1,5681,452*1,2761,1581,5041,173*1,4972,4262,0561,038*913703
Selling, general and administrative1,2681,163*1,3621,8441,5781,558*2,0092,3601,3311,671*1,664778
Total operating expenses2,9542,516*2,6513,0213,1252,734*3,4114,6553,4462,699*2,6231,399
Other operating income (expense)257141*202236287292*251279181240*340*
Operating income (loss)(2,695)(2,375)*(2,449)(2,777)(2,838)(2,400)*(3,138)(4,372)(3,189)(2,136)*(2,573)(1,399)
Income tax expense (benefit)———10*0*(25)10*0*—1
Net income (loss)(3,022)(1,402)*(1,696)(3,099)(2,842)(2,693)*(2,134)(2,400)(3,920)(2,055)*(19,369)(3,257)
Earnings per share, basic USD per share(1.78)—(0.62)(0.98)(0.86)—(0.32)(0.30)(0.45)(0.23)*(1.34)(0.14)
Earnings per share, diluted USD per share(1.78)—(3.21)(0.98)(0.86)(0.70)*(0.32)(0.30)(0.45)(0.23)*(1.34)(0.14)
Weighted average shares, basic thousands of shares1,701—2,7353,1573,3093,832*6,6508,0718,7839,090*14,43623,510
Weighted average shares, diluted thousands of shares1,701—2,7353,1573,3093,832*6,6508,0718,7839,090*14,43623,510
  • † Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Balance sheet

CSV

Fiscal quarters (SMTK's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024†Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Cash and cash equivalents11,2108,8367,2514,3511,7837,1413,8811,1528813747,5663,689
Accounts receivable54268———————33—
Prepaid and other current assets1,0188111,0821,1868048491,0911,4361,079575696454
Total current assets12,73410,5259,1406,5043,7508,5095,6363,4302,3641,5018,80110,356
Property and equipment, net503455388327353269220174221180141—
Right-of-use asset337285223226197120546786636075350
Total assets13,58011,2729,7577,0634,3068,9045,9104,2823,2482,2889,47710,356
Accounts payable3853551,1801,1217478437382,0254,0314,4353,033380
Accrued liabilities—————————12914138
Total current liabilities1,8281,7682,5792,4591,9952,2882,1023,9885,8245,9103,841675
Lease liability, non-current7519416312521421376312230—
Total liabilities3,2793,1593,2022,4752,0262,3132,1234,4096,2006,2224,071675
Accumulated deficit(93,664)(95,066)(103,856)(106,955)(109,797)(114,620)(116,754)(119,154)(123,074)(125,129)(144,498)(147,755)
Total stockholders' equity10,3018,1136,5554,5882,2806,5913,787(127)(2,952)(3,934)5,4069,681
Total liabilities and equity13,58011,2729,7577,0634,3068,9045,9104,2823,2482,2889,47710,356
Common shares outstanding (cover page) thousands of shares8841,3551,4381,7501,7803,6204,4314,5446,13521,20321,44628,264
  • † Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Cash flows

CSV

Fiscal quarters (SMTK's year ends in late December)

In thousands of dollarsSep 30, 2023Dec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024†Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026
Net income (loss)(3,022)(1,402)*(1,696)(3,099)(2,842)(2,693)*(2,134)(2,400)(3,920)(2,055)*(19,369)(3,257)
Stock-based compensation119*186*129207*256*258*250260*259*271*255212*
Net cash from operating activities(2,550)*(2,417)*(1,571)(2,831)*(2,607)*(1,087)*(3,338)(2,783)*(200)*(1,415)*(1,572)(1,821)*
Purchases of property and equipment6*6*———0*———18*——
Net cash from investing activities(6)*(6)*———0*———(18)*——
Proceeds from issuing equity0*0*12,700—————————
Net cash from financing activities25*0*——0*6,529*———year only8,6034,549*
Net change in cash(2,564)*(2,374)*(1,585)(2,900)*(2,568)*5,358*(3,260)(2,729)*(271)*(507)*7,192(3,877)*
  • † Share count changed about 2x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Compare with peers

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
CompanyCash ($K)Revenue, quarter ($K)Operating cash flow, quarter ($K)Shares outstandingRunwayQuarter
SmartKem3,6890*(1,821)*28.3M2.0 quarters 10-QJun 30, 2026
Tel Instrument Electronics1221,705*(71)*3.3M1.7 quarters 10-KMar 31, 2025
SemiLEDs5,9789,0742,197*8.3M— 10-QMay 31, 2026
Peraso3,3221,307(1,574)*15.1M2.1 quarters 10-QJun 30, 2026
Guerrilla RF6,32110,0962,334*10.9M— 10-QSep 30, 2026
Ascent Solar Technologies14,53895(1,789)*9.8M8.1 quarters 10-QJun 30, 2026
SUNation Energy3,0618,162(1,100)*6.5M2.8 quarters 10-QJun 30, 2026
Nortech Systems1,380(400)*(888)*2.9M1.6 quarters 10-QJun 30, 2026
IEH9,36010,021(213)2.5M44.0 quarters 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.