SmartKem, Inc. (SMTK) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | -1.57M | -1.43M | -181.36K | -2.78M | -3.34M | -1.09M | -2.61M | -2.82M | -1.57M | -2.29M | -2.61M | -683.5K | -2.43M | -2.21M | -1.18M | -1.9M | -3.57M | -2.24M | -1.6M | -2.75M |
| Operating CF Margin % | -7860% | -9.26% | -223.9% | -8696.88% | -14513.04% | -2588.1% | - | -7050.98% | - | - | -87110.73% | -8543.76% | -15206.25% | 11070% | -4553.85% | -47483.9% | -11896.67% | -12448.48% | - | - |
| Operating CF Growth % | 52.91% | -31.89% | 93.04% | 1.33% | -112.48% | 52.56% | 0.24% | -312.64% | 35.43% | -3.49% | -120.72% | 64.01% | 31.83% | - | - | - | - | -42.33% | -759.37% | -125.39% |
| Net Income | -19.37M | 8.67M | -3.92M | -2.4M | -2.13M | -2.69M | -2.84M | -3.1M | -1.7M | -1.4M | -3.02M | -2.03M | -2.05M | -1.08M | -3.95M | -3.7M | -2.76M | -2.7M | -2.66M | -2.4M |
| Depreciation & Amortization | 108K | -399K | 116K | 113K | 124K | 131K | 144.8K | 126.8K | 123K | 89K | 104K | 117K | 98K | 114K | 112K | 119K | 117K | 132K | 119.68K | 96.17K |
| Stock-Based Compensation | 255K | -320K | 0 | 260K | 250K | 258K | 256K | 0 | 129K | 0 | 0 | 0 | 293K | 170K | 123K | 0 | 98K | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 16.84M | -6.2M | 1.04M | -1.81M | -978K | 364K | -66.8K | 607.05K | -681K | -727.45K | 492.58K | -320.01K | -336K | -1.19M | 1.09M | 2.45M | 43K | 365.54K | 134.52K | 45.51K |
| Working Capital Changes | 592K | -3.19M | 2.58M | 1.06M | -600K | 853K | -99K | -455.24K | 554K | -250.92K | -187.9K | 1.55M | -440K | -230K | 1.44M | -763.91K | -1.06M | -41.27K | 809.76K | -485.99K |
| Change in Receivables | 11K | 106.33K | 418.67K | -133K | -126K | 583K | 216K | -170.74K | 65K | -355.8K | -160.48K | 1.03M | 29K | -11K | 667K | -251.12K | -30K | -148.17K | 548.62K | -254.56K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240K | 0 | 0 | 0 |
| Change in Payables | 780K | -720.44K | 1.87M | 1.55M | -393K | 355K | -533K | -141.64K | 822K | -268.83K | -1.94K | 435.88K | 293K | -385K | 105K | 110.33K | -240K | 90.33K | 38.51K | -220.77K |
| Cash from Investing | 0 | -15.25K | -107.75K | 0 | 0 | 0 | -75K | 0 | 0 | -5.73K | -6.14K | -6.09K | 0 | -12K | -9K | -15.13K | -41K | -52.72K | -160.03K | -121.42K |
| Capital Expenditures | 0 | 59.75K | -107.75K | 0 | 0 | 1.22K | -75K | 0 | 0 | -5.73K | -6.14K | -6.09K | 0 | -12K | -9K | -15.13K | -41K | -52.72K | -160.03K | -121.42K |
| CapEx % of Revenue | - | 0.39% | 133.02% | - | - | 2.9% | - | 0% | - | - | 204.79% | 76.14% | - | -60% | 34.62% | 378.13% | 136.67% | 292.88% | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -75K | 0 | 0 | 0 | -1.22K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 8.6M | 1M | 0 | 0 | 0 | 6.53M | 3K | 2.99K | 0 | -272.95K | 81.15K | 12.86M | 0 | 0 | 0 | -69.15K | 1.84M | -401.48K | -200.1K | 157.11K |
| Debt Issued (Net) | 1.18M | -1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 7.45M | 1.26M | 0 | 0 | 0 | 6.55M | 65 | 2.99K | 0 | -272.95K | 81.15K | 12.86M | 0 | 0 | -2M | -69.15K | 2M | -401.48K | -200.1K | 157.11K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -21K | 742K | 0 | 0 | 0 | -19.22K | 2.94K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 0 | -160K | 0 | 0 | 0 |
| Net Change in Cash | 7.19M | -507K | -271K | -2.73M | -3.26M | 5.36M | -2.57M | -2.9M | -1.58M | -2.37M | -2.56M | 12.07M | -2.54M | -2.07M | -1.45M | -2.89M | -1.58M | -2.49M | -1.71M | -2.8M |
| Free Cash Flow | -1.57M | -1.45M | -289.11K | -2.78M | -3.34M | -1.09M | -2.68M | -2.82M | -1.57M | -2.3M | -2.62M | -689.59K | -2.43M | -2.23M | -1.19M | -1.91M | -3.61M | -2.29M | -1.76M | -2.87M |
| FCF Margin % | -7860% | -9.36% | -356.93% | -8696.88% | -14513.04% | -2588.1% | - | -7050.97% | - | - | -87315.67% | -8619.88% | -15206.25% | 11130% | -4588.46% | -47862% | -12033.33% | -12741.39% | - | - |
| FCF Growth % | 52.91% | -33.29% | 89.22% | 1.33% | -112.48% | 52.68% | -2.39% | -309% | 35.43% | -3.19% | -119.57% | 63.98% | 32.6% | - | - | - | - | -42.88% | -830.35% | -121.98% |
| FCF per Share | -0.11 | -0.18 | -0.03 | -0.34 | -0.50 | -0.33 | -0.81 | -0.89 | -0.57 | -2.58 | -1.54 | -0.62 | -2.91 | -2.70 | -1.43 | -2.33 | -4.44 | -3.18 | -2.22 | -3.94 |
| FCF Conversion (FCF/Net Income) | 0.08x | 0.70x | 0.05x | 1.16x | 1.56x | 0.40x | 0.92x | 0.91x | 0.93x | 1.63x | 0.86x | 0.34x | 1.19x | 2.05x | 0.30x | 0.51x | 1.29x | 0.83x | 0.60x | 1.14x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |