SMTK · XBRL financial data
SmartKem financial statements, every fiscal year
The same tables from 9 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
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
CSVFiscal years (SMTK's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 94 | 18 | 40 | 27 | 82 | 697 |
| Cost of revenue | 55 | 8 | 33 | 23 | 32 | 272 |
| Gross profit | 39 | 10 | 7 | 4 | 50 | 425 |
| Research and development | 4,319 | 8,199 | 5,802 | 5,556 | 5,111 | 7,017 |
| Selling, general and administrative | 1,707 | 8,069 | 5,071 | 5,188 | 6,342 | 7,371 |
| Total operating expenses | 6,026 | 17,597 | 10,873 | 10,831 | 11,531 | 14,211 |
| Other operating income (expense) | 1,437 | 1,285 | 1,172 | 836 | 1,017 | 951 |
| Operating income (loss) | (4,550) | (16,302) | (9,694) | (9,991) | (10,464) | (12,835) |
| Interest expense | 6,835 | 19 | — | — | — | — |
| Income tax expense (benefit) | — | — | 24 | — | 1 | (24) |
| Net income (loss) | (23,133) | (17,126) | (11,495) | (8,499) | (10,330) | (10,509) |
| Earnings per share, basic‡ USD per share | (62.94) | (23.78) | (13.99) | (6.32) | (6.00) | (1.29) |
| Earnings per share, diluted‡ USD per share | (62.94) | (23.78) | (13.99) | (6.32) | (6.00) | (1.29) |
| Weighted average shares, basic‡ thousands of shares | 367 | 722 | 825 | 1,345 | 3,260 | 8,157 |
| Weighted average shares, diluted‡ thousands of shares | 367 | 722 | 825 | 1,345 | 3,260 | 8,157 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-34.96503496503497 stock split (September 2023); filings made before it reported them unadjusted.
- † Share count changed about 6x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (SMTK's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 8 | 12,226 | 4,235 | 8,836 | 7,141 | 374 |
| Accounts receivable | 18 | — | 30 | 268 | — | 3 |
| Prepaid and other current assets | 259 | 802 | 1,056 | 811 | 849 | 575 |
| Total current assets | 8 | 14,098 | 6,442 | 10,525 | 8,509 | 1,501 |
| Property and equipment, net | 682 | 802 | 602 | 455 | 269 | 180 |
| Right-of-use asset | 236 | 154 | 475 | 285 | 120 | 607 |
| Total assets | 8 | 15,060 | 7,525 | 11,272 | 8,904 | 2,288 |
| Accounts payable | 227 | 510 | 230 | 355 | 843 | 4,435 |
| Accrued liabilities | — | — | — | — | — | 129 |
| Total current liabilities | 29 | 1,510 | 1,403 | 1,768 | 2,288 | 5,910 |
| Lease liability, non-current | 20 | 28 | 239 | 19 | 25 | 312 |
| Total liabilities | 29 | 1,538 | 1,642 | 3,159 | 2,313 | 6,222 |
| Accumulated deficit | (21) | (75,072) | (86,567) | (95,066) | (114,620) | (125,129) |
| Total stockholders' equity | (21) | 13,522 | 5,883 | 8,113 | 6,591 | (3,934) |
| Total liabilities and equity | 8 | 15,060 | 7,525 | 11,272 | 8,904 | 2,288 |
| Common shares outstanding (cover page)‡ thousands of shares | 143 | 760 | 773 | 1,355 | 3,620 | 21,203 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-34.96503496503497 stock split (September 2023); filings made before it reported them unadjusted.
- † Share count changed about 6x in the period ending 2025-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (SMTK's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | †Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (23,133) | (17,126) | (11,495) | (8,499) | (10,330) | (10,509) |
| Stock-based compensation | — | 6,196 | 488 | 717 | 850 | 1,040 |
| Net cash from operating activities | (4,082) | (10,536) | (9,049) | (8,037) | (8,096) | (7,736) |
| Purchases of property and equipment | 118 | 341 | 79 | 18 | 75 | 123 |
| Net cash from investing activities | (118) | (341) | (79) | (18) | (75) | (123) |
| Proceeds from issuing common stock | 4,592 | — | 2,000 | — | — | — |
| Proceeds from issuing equity | — | — | — | 12,700 | — | — |
| Net cash from financing activities | 4,592 | 22,204 | 1,830 | 12,691 | 6,532 | 1,000 |
| Net change in cash | 352 | 11,327 | (7,991) | 4,601 | (1,695) | (6,767) |
- † Share count changed about 6x in the period ending 2025-12-31, 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 $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| SmartKem | 3,689 | 0* | (1,821)* | 28.3M | 2.0 quarters | 10-QJun 30, 2026 |
| Tel Instrument Electronics | 122 | 1,705* | (71)* | 3.3M | 1.7 quarters | 10-KMar 31, 2025 |
| SemiLEDs | 5,978 | 9,074 | 2,197* | 8.3M | — | 10-QMay 31, 2026 |
| Peraso | 3,322 | 1,307 | (1,574)* | 15.1M | 2.1 quarters | 10-QJun 30, 2026 |
| Guerrilla RF | 6,321 | 10,096 | 2,334* | 10.9M | — | 10-QSep 30, 2026 |
| Ascent Solar Technologies | 14,538 | 95 | (1,789)* | 9.8M | 8.1 quarters | 10-QJun 30, 2026 |
| SUNation Energy | 3,061 | 8,162 | (1,100)* | 6.5M | 2.8 quarters | 10-QJun 30, 2026 |
| Nortech Systems | 1,380 | (400)* | (888)* | 2.9M | 1.6 quarters | 10-QJun 30, 2026 |
| IEH | 9,360 | 10,021 | (213) | 2.5M | 44.0 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.