SmartKem, Inc.SMTKEarnings & Financial Report
SmartKem, Inc. is an advanced materials developer focused on proprietary organic semiconductor formulations designed for flexible and foldable display panels, printed electronics, and next-generation optoelectronic devices. It serves global consumer electronics display manufacturers and semiconductor component producers across North America, East Asia and Europe.
SMTK Q4 FY2025 Key Financial Metrics
Revenue
$561.0K
Gross Profit
$323.0K
Operating Profit
$-2.1M
Net Profit
$-2.1M
Gross Margin
57.6%
Operating Margin
-380.7%
Net Margin
-366.3%
YoY Growth
N/A
EPS
$-0.22
SmartKem, Inc. Q4 FY2025 Financial Summary
SmartKem, Inc. reported revenue of $561.0K for Q4 FY2025, with a net profit of $-2.1M (up 23.7% YoY) (-366.3% margin). Cost of goods sold was $238.0K, operating expenses totaled $2.5M.
Key Financial Metrics
| Total Revenue | $561.0K |
|---|---|
| Net Profit | $-2.1M |
| Gross Margin | 57.6% |
| Operating Margin | -380.7% |
| Report Period | Q4 FY2025 |
SmartKem, Inc. Annual Revenue by Year
SmartKem, Inc. annual revenue history includes year-by-year totals (for example, 2023 revenue was $27.0K).
SmartKem, Inc. Quarterly Revenue & Net Profit History
SmartKem, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $561.0K | — | $-2.1M | -366.3% |
| Q3 FY2025 | $81.0K | — | $-3.9M | -4839.5% |
| Q3 FY2024 | $0 | — | $-2.8M | N/A |
| Q4 FY2023 | $0 | — | $-1.4M | N/A |
| Q3 FY2023 | $3.0K | -88.5% | $-3.0M | -100733.3% |
| Q2 FY2023 | $8.0K | +100.0% | $-2.0M | -25337.5% |
| Q1 FY2023 | $16.0K | -46.7% | $-2.0M | -12800.0% |
| Q4 FY2022 | $-20.0K | — | $-1.1M | 5395.0% |
Income Statement
| Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q3 2024 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $-20000 | $16000 | $8000 | $3000 | $0 | $0 | $81000 | $561000 |
| YoY Growth | N/A | -46.7% | 100.0% | -88.5% | N/A | N/A | N/A | N/A |
Balance Sheet
| Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q3 2024 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.5M | $5.3M | $16.1M | $13.6M | $11.3M | $4.3M | $3.2M | $2.3M |
| Liabilities | $1.6M | $1.6M | $3.7M | $3.3M | $3.2M | $2.0M | $6.2M | $6.2M |
| Equity | $5.9M | $3.7M | $12.3M | $10.3M | $8.1M | $2.3M | $-3.0M | $-3.9M |
Cash Flow
| Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q3 2024 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-2.2M | $-2.4M | $-637000 | $-2.5M | $-2.4M | $-2.6M | $-200000 | $-1.4M |