SmartKem, Inc. (SMTK) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 20K | 15.47M | 81K | 32K | 23K | 42K | 0 | 40K | 0 | 0 | 3K | 8K | 16K | -20K | 26K | 4K | 30K | 18K | 0 | 0 |
| Revenue Growth % | -13.04% | 36745.24% | - | -20% | - | - | -100% | 400% | -100% | 100% | -88.46% | 100% | -46.67% | - | - | - | - | -21.33% | -100% | - |
| Cost of Goods Sold | 112.1K | 114K | 5K | 28K | 125K | 131K | 145K | 32K | 123K | 89K | 1K | 6K | 16K | -17K | 26K | 2K | 23K | 8K | 119.68K | 96.17K |
| COGS % of Revenue | 560.5% | 0.74% | 6.17% | 87.5% | 543.48% | 311.9% | - | 80% | - | - | 33.33% | 75% | 100% | 85% | 100% | 50% | 76.67% | 44.44% | - | - |
| Gross Profit | -92.1K | 15.36M | 76K | 4K | -102K | -89K | -145K | 8K | -123K | -89K | 2K | 2K | 0 | -3K | 0 | 2K | 7K | 10K | -119.68K | -96.17K |
| Gross Margin % | -460.5% | 99.26% | 93.83% | 12.5% | -443.48% | -211.9% | - | 20% | - | - | 66.67% | 25% | - | 15% | - | 50% | 23.33% | 55.56% | - | - |
| Gross Profit Growth % | 9.71% | 17359.55% | 152.41% | -50% | 17.07% | 0% | -7350% | 300% | - | -2866.67% | - | 0% | -100% | - | - | - | - | 111.32% | -598.65% | - |
| Operating Expenses | 2.47M | 6.74M | -105K | 4.38M | 3.38M | 2.6M | 2.94M | 2.79M | 2.52M | 2.53M | 2.7M | 2.37M | 2.55M | 2.4M | 2.46M | 2.42M | 2.42M | 2.7M | 2.6M | 2.6M |
| OpEx % of Revenue | 12344.5% | 43.52% | -129.63% | 13675% | 14704.35% | 6190.48% | - | 6962.5% | - | - | 89900% | 29612.5% | 15962.5% | -12020% | 9465.38% | 60500% | 8050% | 14988.89% | - | - |
| Selling, General & Admin | 1.66M | 1.74M | 1.33M | 2.36M | 1.94M | 1.49M | 1.5M | 1.84M | 1.3M | 1.1M | 1.27M | 1.32M | 1.43M | 1.07M | 1.39M | 1.37M | 1.24M | 1.37M | 1.25M | 1.25M |
| SG&A % of Revenue | 8320% | 11.24% | 1643.21% | 7375% | 8439.13% | 3550% | - | 4610% | - | - | 42266.67% | 16550% | 8956.25% | -5345% | 5353.85% | 34250% | 4133.33% | 7633.33% | - | - |
| Research & Development | 913K | 1.09M | 2.06M | 2.43M | 1.44M | 1.11M | 1.44M | 1.16M | 1.21M | 1.43M | 1.57M | 1.26M | 1.28M | 1.65M | 1.35M | 1.34M | 1.46M | 1.47M | 1.36M | 1.36M |
| R&D % of Revenue | 4565% | 7.07% | 2538.27% | 7581.25% | 6265.22% | 2640.48% | - | 2895% | - | - | 52266.67% | 15712.5% | 7993.75% | -8260% | 5176.92% | 33600% | 4863.33% | 8188.89% | - | - |
| Other Operating Expenses | -108.1K | 1000K | -1000K | -410K | 0 | 0 | 0 | -217K | 0 | 0 | -139K | -212K | -158K | -317K | -277K | -294K | -284K | -150K | 0 | 0 |
| Operating Income | -2.56M | 8.63M | 181K | -4.37M | -3.48M | -2.69M | -3.08M | -2.78M | -2.64M | -2.62M | -2.69M | -2.37M | -2.55M | -2.41M | -2.46M | -2.42M | -2.41M | -2.69M | -2.72M | -2.7M |
| Operating Margin % | -12805% | 55.74% | 223.46% | -13662.5% | -15147.83% | -6402.38% | - | -6942.5% | - | - | -89833.33% | -29587.5% | -15962.5% | 12035% | -9465.38% | -60450% | -8026.67% | -14933.33% | - | - |
| Operating Income Growth % | 26.49% | 420.79% | 105.87% | -57.44% | -32.07% | -2.83% | -14.36% | -17.32% | -3.29% | -8.64% | -9.51% | 2.11% | -6.06% | - | - | - | - | -53.93% | -337.24% | -155.81% |
| EBITDA | -2.45M | 8.27M | 297K | -4.26M | -3.36M | -2.56M | -2.94M | -2.65M | -2.52M | -2.53M | -2.59M | -2.25M | -2.46M | -2.29M | -2.35M | -2.3M | -2.29M | -2.56M | -2.6M | -2.6M |
| EBITDA Margin % | -12264.5% | 53.46% | 366.67% | -13309.38% | -14608.7% | -6090.48% | - | -6625% | - | - | -86366.67% | -28125% | -15350% | 11465% | -9034.62% | -57475% | -7636.67% | -14200% | - | - |
| EBITDA Growth % | 27% | 423.42% | 110.11% | -60.72% | -33.6% | -1.27% | -13.35% | -17.78% | -2.4% | -10.16% | -10.3% | 2.13% | -7.2% | - | - | - | - | -54.75% | -390.51% | -158.54% |
| D&A (Non-Cash Add-back) | 108.1K | -353K | 116K | 113K | 124K | 131K | 145K | 127K | 123K | 89K | 104K | 117K | 98K | 114K | 112K | 119K | 117K | 132K | 119.68K | 96.17K |
| EBIT | -2.56M | 9.16M | -3.92M | -4.5M | -2.16M | -2.69M | -2.84M | -2.76M | -1.7M | -1.4M | -2.58M | -2.41M | -2.44M | -1.06M | -2.46M | -2.42M | -2.41M | -2.7M | -2.66M | -2.4M |
| Net Interest Income | -350K | -85K | -1K | 3K | 10K | 0 | 0 | 3K | 6K | 4K | 2K | 2K | 4K | 2K | 1K | 1K | -354K | 37.55K | 1K | 2K |
| Interest Income | 0 | -13K | 0 | 3K | 10K | 0 | 0 | 3K | 6K | 4K | 2K | 2K | 4K | 2K | 1K | 1K | 0 | 37.55K | 1K | 2K |
| Interest Expense | 350K | 72K | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 354K | 0 | 0 | 0 |
| Other Income/Expense | -16.81M | -10.68M | -4.1M | 1.97M | 1.32M | -4K | 240K | -321K | 942K | 1.21M | -327K | 340K | 506K | 1.35M | -1.49M | -1.28M | -354K | -9K | 62K | 299.51K |
| Pretax Income | -19.37M | -2.06M | -3.92M | -2.4M | -2.16M | -2.69M | -2.84M | -3.1M | -1.7M | -1.4M | -3.02M | -2.03M | -2.05M | -1.06M | -3.95M | -3.7M | -2.76M | -2.7M | -2.66M | -2.4M |
| Pretax Margin % | -96845% | -13.28% | -4839.51% | -7496.88% | -9386.96% | -6411.9% | - | -7745% | - | - | -100733.33% | -25337.5% | -12800% | 5280% | -15203.85% | -92525% | -9206.67% | -14983.33% | - | - |
| Income Tax | 0 | 0 | 0 | 1K | -25K | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 24K | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | -0.04% | 1.16% | 0% | 0% | -0.03% | 0% | 0% | 0% | 0% | 0% | -2.27% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -19.37M | -2.06M | -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 |
| Net Margin % | -96845% | -13.28% | -4839.51% | -7500% | -9278.26% | -6411.9% | - | -7747.5% | - | - | -100733.33% | -25337.5% | -12800% | 5400% | -15203.85% | -92525% | -9206.67% | -14983.33% | - | - |
| Net Income Growth % | -807.64% | 23.69% | -37.93% | 22.56% | -25.83% | -92.08% | 5.96% | -52.89% | 17.19% | -29.81% | 23.55% | 45.23% | 25.85% | - | - | - | - | -88.18% | -327.97% | -127.73% |
| Net Income (Continuing) | -19.37M | -2.06M | -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 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.34 | -0.22 | -0.45 | -0.30 | -0.32 | 4.52 | -0.86 | -0.98 | -0.62 | -1.58 | -1.78 | -1.82 | -2.45 | -1.31 | -6.55 | -6.07 | -3.84 | -3.74 | -3.37 | -3.30 |
| EPS Growth % | -318.75% | -104.87% | 47.67% | 69.39% | 48.39% | 386.08% | 51.69% | 46.15% | 74.69% | -20.61% | 72.82% | 70.02% | 36.2% | - | - | - | - | -89.85% | -19267.82% | -127.59% |
| EPS (Basic) | -1.34 | -0.22 | -0.45 | -0.30 | -0.32 | 4.52 | -0.86 | -0.98 | -0.62 | -1.58 | -1.78 | -1.82 | -2.45 | -1.31 | -6.55 | -6.07 | -3.84 | -3.74 | -3.37 | -3.30 |
| Diluted Shares Outstanding | 14.44M | 8.16M | 8.78M | 8.07M | 6.65M | 3.26M | 3.31M | 3.16M | 2.74M | 889.67K | 1.7M | 1.11M | 835.72K | 824.62K | 831.92K | 821.47K | 812.51K | 720.95K | 790.62K | 727.49K |
| Basic Shares Outstanding | 14.44M | 8.16M | 8.78M | 8.07M | 6.65M | 3.26M | 3.31M | 3.16M | 2.74M | 889.67K | 1.7M | 1.11M | 835.72K | 824.62K | 831.92K | 821.47K | 812.51K | 720.95K | 790.62K | 727.49K |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |