SMTK

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SmartKem, Inc.

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Key Metrics

Previous Close: $0.09
52-Week Range: $0.07 – $3.80
Market Cap: $2.90M
P/E (TTM): —
EPS (TTM): -1.86
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: -603.59%
Return on Assets: -99.97%
Gross Margin: 60.38%
Operating Margin: -12635.00%
Profit Margin: 0.00%
Current Ratio: 2.29
Debt/Equity: 0.11
Total Debt: $608.00K
Free Cash Flow: $-3.21M
Revenue Growth: -13.00%
Earnings Growth: —
Enterprise Value: $-5.05M

SMTK Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$40.00K	$27.00K	$82.00K	$697.00K
Cost of Revenue	$33.00K	$23.00K	$32.00K	$272.00K
Gross Profit	$7.00K	$4.00K	$50.00K	$425.00K
Research & Development	$5.80M	$5.56M	$5.11M	$7.02M
Selling, General & Admin	$5.07M	$5.19M	$6.34M	$7.37M
Operating Expenses	$9.70M	$9.91M	$10.44M	$13.44M
Operating Income	-$9.69M	-$9.90M	-$10.39M	-$13.01M
EBITDA	-$9.23M	-$9.50M	-$9.86M	-$10.04M
Pretax Income	-$11.47M	-$8.50M	-$10.33M	-$10.53M
Income Tax	$24.00K	$0.00	$1.00K	-$24.00K
Net Income	-$11.49M	-$8.50M	-$10.33M	-$10.51M
Diluted EPS	-13.88	-6.32	-6.00	-1.29
Diluted Shares	827906	1.34M	3.26M	8.16M

SMTK Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$4.24M	$8.84M	$7.14M	$374.00K
Receivables	$1.38M	$1.22M	$903.00K	$801.00K
Current Assets	$6.44M	$10.53M	$8.51M	$1.50M
Total Assets	$7.53M	$11.27M	$8.90M	$2.29M
Current Liabilities	$1.40M	$1.77M	$2.29M	$5.91M
Total Debt	$445.00K	$249.00K	$72.00K	$1.51M
Total Liabilities	$1.64M	$3.16M	$2.31M	$6.22M
Retained Earnings	-$86.57M	-$95.07M	-$114.62M	-$125.13M
Shareholders' Equity	$5.88M	$8.11M	$6.59M	-$3.93M
Working Capital	$5.04M	$8.76M	$6.22M	-$4.41M
Net Debt	—	—	—	$554.00K

SMTK Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$9.05M	-$8.04M	-$8.10M	-$7.74M
Capital Expenditure	-$79.00K	-$18.00K	-$75.00K	-$123.00K
Free Cash Flow	-$9.13M	-$8.05M	-$8.17M	-$7.86M
Depreciation & Amortisation	$462.00K	$408.00K	$526.00K	$417.00K
Stock-Based Compensation	$488.00K	$717.00K	$850.00K	$1.04M
Investing Cash Flow	-$79.00K	-$18.00K	-$75.00K	-$123.00K
Financing Cash Flow	$1.83M	$12.69M	$6.53M	$1.00M
Net Change in Cash	-$7.30M	$4.64M	-$1.64M	-$6.86M

SMTK Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$23.00K	$32.00K	$81.00K	$561.00K	$20.00K
Cost of Revenue	$1.00K	$28.00K	$5.00K	$238.00K	$4.00K
Gross Profit	$22.00K	$4.00K	$76.00K	$323.00K	$16.00K
Research & Development	$1.50M	$2.43M	$2.06M	$1.04M	$913.00K
Selling, General & Admin	$2.01M	$2.36M	$1.33M	$1.67M	$1.66M
Operating Expenses	$3.25M	$4.51M	$3.21M	$2.47M	$2.54M
Operating Income	-$3.23M	-$4.50M	-$3.13M	-$2.15M	-$2.53M
EBITDA	-$3.11M	-$4.39M	-$3.01M	$470.00K	-$2.42M
Pretax Income	-$2.16M	-$2.40M	-$3.92M	-$2.06M	-$19.37M
Income Tax	-$25.00K	$1.00K	$0.00	$0.00	$0.00
Net Income	-$2.13M	-$2.40M	-$3.92M	-$2.06M	-$19.37M
Diluted EPS	-0.32	-0.30	-0.45	—	-1.34
Diluted Shares	6.65M	8.07M	8.78M	—	14.44M

SMTK Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$3.88M	$1.15M	$881.00K	$374.00K	$7.57M
Receivables	$1.19M	$1.71M	$537.00K	$801.00K	$714.00K
Current Assets	$5.64M	$3.43M	$2.36M	$1.50M	$8.80M
Total Assets	$5.91M	$4.28M	$3.25M	$2.29M	$9.48M
Current Liabilities	$2.10M	$3.99M	$5.82M	$5.91M	$3.84M
Total Debt	$45.00K	$664.00K	$650.00K	$1.51M	$608.00K
Total Liabilities	$2.12M	$4.41M	$6.20M	$6.22M	$4.07M
Retained Earnings	-$116.75M	-$119.15M	-$123.07M	-$125.13M	-$144.50M
Shareholders' Equity	$3.79M	-$127.00K	-$2.95M	-$3.93M	$5.41M
Working Capital	$3.53M	-$558.00K	-$3.46M	-$4.41M	$4.96M
Net Debt	—	—	—	$554.00K	—

SMTK Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$3.34M	-$2.78M	-$200.00K	-$1.42M	-$1.57M
Capital Expenditure	—	—	—	-$18.00K	—
Free Cash Flow	-$3.34M	-$2.78M	-$305.00K	-$1.43M	-$1.57M
Depreciation & Amortisation	$124.00K	$113.00K	$116.00K	$64.00K	$108.00K
Stock-Based Compensation	$250.00K	$260.00K	$259.00K	$271.00K	$255.00K
Investing Cash Flow	—	—	—	-$18.00K	—
Financing Cash Flow	$0.00	$0.00	$0.00	$1.00M	$8.60M
Share Repurchases	$0.00	—	—	—	-$184.00K
Net Change in Cash	-$3.34M	-$2.78M	-$305.00K	-$433.00K	$7.03M

Market Snapshot

About

SmartKem develops organic semiconductor materials and manufacturing processes for next-generation electronics. The company focuses on printed electronics technology that enables low-cost, flexible displays and sensors for consumer and industrial applications. SmartKem licenses its TRUFLEX platform to manufacturers seeking alternatives to traditional silicon-based semiconductors.