SmartKem, Inc. (SMTK) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 8.8M | 1.5M | 2.22M | 3.43M | 5.49M | 8.37M | 3.75M | 6.5M | 9.14M | 10.53M | 12.73M | 15.07M | 4.28M | 6.44M | 8.49M | 11.08M | 13.27M | 14.1M | 16.58M | 19.13M |
| Cash & Short-Term Investments | 7.57M | 374K | 881K | 1.15M | 3.88M | 7.14M | 1.78M | 4.35M | 7.25M | 8.84M | 11.21M | 13.77M | 1.7M | 4.24M | 6.3M | 7.76M | 10.65M | 12.23M | 14.72M | 16.43M |
| Cash Only | 7.57M | 374K | 881K | 1.15M | 3.88M | 7.14M | 1.78M | 4.35M | 7.25M | 8.84M | 11.21M | 13.77M | 1.7M | 4.24M | 6.3M | 7.76M | 10.65M | 12.23M | 14.72M | 16.43M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 710K | 552K | 514K | 1.38M | 1.09M | 900K | 1.38M | 1.47M | 1.18M | 1.14M | 787K | 495K | 1.47M | 1.35M | 833K | 1.51M | 1.35M | 1.12M | 921K | 1.49M |
| Days Sales Outstanding | 2.84K | 3.17 | 1.07K | 3.5K | 3.89K | 2.5K | - | 3.01K | - | - | 19.66K | 11.17K | 7.92K | -5.01K | 4.14K | 32.57K | 16.47K | 22.71K | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 525K | 575K | 358K | 479K | 99K | 3K | 17K | 5K | 36K | 80K | 75K | 40K | 50K | 36K | 44K | 1.81M | 1.26M | 0 | 937K | 1.2M |
| Total Non-Current Assets | 676K | 787K | 1.03M | 852K | 417K | 533K | 556K | 559K | 617K | 747K | 846K | 979K | 1.01M | 1.08M | 1.08M | 1.23M | 866K | 962K | 981K | 956.61K |
| Property, Plant & Equipment | 676K | 180K | 884K | 852K | 274K | 389K | 550K | 553K | 611K | 740K | 840K | 973K | 1.01M | 1.08M | 1.08M | 1.23M | 860K | 956K | 975K | 947.03K |
| Fixed Asset Turnover | 0.05x | 29.09x | 0.09x | 0.06x | 0.07x | 0.09x | - | 0.07x | - | - | 0.00x | 0.01x | 0.02x | -0.02x | 0.02x | 0.00x | 0.03x | 0.02x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 607K | 148K | 0 | 143K | 144K | 6K | 6K | 6K | 7K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 6K | 9.57K |
| Total Assets | 9.48M | 2.29M | 3.25M | 4.28M | 5.91M | 8.9M | 4.31M | 7.06M | 9.76M | 11.27M | 13.58M | 16.05M | 5.29M | 7.53M | 9.57M | 12.31M | 14.13M | 15.06M | 17.56M | 20.08M |
| Asset Turnover | 0.00x | 5.59x | 0.02x | 0.01x | 0.00x | 0.01x | - | 0.00x | - | - | 0.00x | 0.00x | 0.00x | -0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | - |
| Asset Growth % | 60.36% | -74.3% | -24.57% | -39.37% | -39.43% | -21.01% | -68.29% | -55.99% | 84.41% | 49.79% | 41.89% | 30.35% | -62.56% | - | - | - | - | 410.57% | 425754.96% | 210005.07% |
| Total Current Liabilities | 3.84M | 5.91M | 5.82M | 3.99M | 2.1M | 2.29M | 2M | 2.46M | 2.58M | 1.77M | 1.83M | 1.75M | 1.38M | 1.4M | 1.41M | 1.4M | 1.22M | 1.51M | 1.45M | 1.48M |
| Accounts Payable | 3.03M | 4.6M | 4.03M | 2.02M | 738K | 843K | 747K | 1.12M | 1.18M | 355K | 385K | 680K | 456K | 230K | 408K | 457K | 381K | 510K | 506K | 475.64K |
| Days Payables Outstanding | 3.07K | 3.48K | 55.72K | 4.49K | 569.16 | 558.32 | 592.61 | 3.27K | 567.83 | 382.47 | 48.99K | 8.61K | 1.93K | -1.73K | 1.53K | 19.06K | 6.05K | 23.27K | 1.54K | 1.81K |
| Short-Term Debt | 378K | 928K | 274K | 243K | 24K | 47K | 165K | 209K | 174K | 230K | 245K | 262K | 225K | 226K | 228K | 242K | 69K | 97K | 146K | 190.75K |
| Deferred Revenue (Current) | 106K | 108K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 324K | 0 | 1.1M | 1.43M | 1.17M | 1M | 679K | 846K | 691K | 808K | 785K | 488K | 502K | 714K | 469K | 419K | 451K | 520K | 441K | 507.68K |
| Current Ratio | 2.29x | 0.25x | 0.38x | 0.86x | 2.61x | 3.66x | 1.88x | 2.64x | 3.54x | 5.95x | 6.97x | 8.60x | 3.11x | 4.59x | 6.00x | 7.93x | 10.91x | 9.34x | 11.45x | 12.88x |
| Quick Ratio | 2.29x | 0.25x | 0.38x | 0.86x | 2.61x | 3.66x | 1.88x | 2.64x | 3.54x | 5.95x | 6.97x | 8.60x | 3.11x | 4.59x | 6.00x | 7.93x | 10.91x | 9.34x | 11.45x | 12.88x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 230K | 312K | 376K | 421K | 21K | 25K | 31K | 16K | 623K | 1.39M | 1.45M | 1.97M | 188K | 239K | 275K | 320K | 19K | 28K | 16K | 33.55K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 230K | 312K | 376K | 421K | 21K | 25K | 31K | 16K | 4K | 19K | 75K | 135K | 188K | 239K | 275K | 320K | 19K | 28K | 16K | 33.55K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 619K | 1.37M | 1.38M | 1.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.07M | 6.22M | 6.2M | 4.41M | 2.12M | 2.31M | 2.03M | 2.48M | 3.2M | 3.16M | 3.28M | 3.72M | 1.56M | 1.64M | 1.69M | 1.72M | 1.24M | 1.54M | 1.46M | 1.52M |
| Total Debt | 608K | 1.51M | 650K | 664K | 45K | 72K | 196K | 225K | 178K | 249K | 320K | 397K | 413K | 465K | 503K | 562K | 88K | 125K | 162K | 224.3K |
| Net Debt | -6.96M | 1.14M | -231K | -488K | -3.84M | -7.07M | -1.59M | -4.13M | -7.07M | -8.59M | -10.89M | -13.38M | -1.29M | -3.77M | -5.8M | -7.2M | -10.56M | -12.1M | -14.56M | -16.21M |
| Debt / Equity | 0.11x | - | - | - | 0.01x | 0.01x | 0.09x | 0.05x | 0.03x | 0.03x | 0.03x | 0.03x | 0.11x | 0.08x | 0.06x | 0.05x | 0.01x | 0.01x | 0.01x | 0.01x |
| Debt / EBITDA | - | 0.18x | 2.19x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | 0.14x | -0.78x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -7.32x | 127.18x | -3919.00x | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.80x | - | - | - |
| Total Equity | 5.41M | -3.93M | -2.95M | -127K | 3.79M | 6.59M | 2.28M | 4.59M | 6.55M | 8.11M | 10.3M | 12.33M | 3.73M | 5.88M | 7.88M | 10.6M | 12.9M | 13.52M | 16.09M | 18.56M |
| Equity Growth % | 42.75% | -159.69% | -229.47% | -102.77% | -42.23% | -18.76% | -77.87% | -62.79% | 75.88% | 37.91% | 30.69% | 16.37% | -71.1% | - | - | - | - | 630.43% | 123058.21% | 4200086.2% |
| Book Value per Share | 0.37 | -0.48 | -0.34 | -0.02 | 0.57 | 2.02 | 0.69 | 1.45 | 2.40 | 9.12 | 6.06 | 11.09 | 4.46 | 7.13 | 9.47 | 12.90 | 15.87 | 18.76 | 20.36 | 25.52 |
| Total Shareholders' Equity | 5.41M | -3.93M | -2.95M | -127K | 3.79M | 6.59M | 2.28M | 4.59M | 6.55M | 8.11M | 10.3M | 12.33M | 3.73M | 5.88M | 7.88M | 10.6M | 12.9M | 13.52M | 16.09M | 18.56M |
| Common Stock | 2K | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 3K | 2.55K |
| Retained Earnings | -144.5M | -125.13M | -123.07M | -119.15M | -116.75M | -114.62M | -109.8M | -106.95M | -103.86M | -95.07M | -93.66M | -90.64M | -88.61M | -86.57M | -85.49M | -81.53M | -77.83M | -75.07M | -72.38M | -69.71M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -2.67M | -3.58M | -3.37M | -4.17M | -2.11M | -1.1M | -1.3M | -1.42M | -1.6M | -1.58M | -606K | -1.46M | -939K | -483K | 632K | -485K | -1.21M | -1.36M | -1.36M | -1.45M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |