SmartKem, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $697,000 | $82,000 | $27,000 | $40,000 | $18,000 |
| Gross profit | $425,000 | $50,000 | $4,000 | $7,000 | $10,000 |
| Operating income | -$12.8M | -$10.5M | -$10.0M | -$9.7M | -$16.3M |
| Operating expenses | $14.2M | $11.5M | $10.8M | $10.9M | $17.6M |
| Cost of revenue | $272,000 | $32,000 | $23,000 | $33,000 | $8,000 |
| Cash from operations | -$7.7M | -$8.1M | -$8.0M | -$9.0M | -$9.7M |
| Capital expenditure | $123,000 | $75,000 | $18,000 | $79,000 | $341,000 |
| Free cash flow | -$7.9M | -$8.2M | -$8.1M | -$9.1M | -$10.1M |
| Total assets | $2.3M | $8.9M | $11.3M | $7.5M | $15.1M |
| Total liabilities | $6.2M | $2.3M | $3.2M | $1.6M | $1.5M |
Shares outstanding 21.4M · Free float 77.2%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.