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Side-by-side financial comparison of Prime Medicine, Inc. (PRME) and SmartKem, Inc. (SMTK). Click either name above to swap in a different company.

Prime Medicine, Inc. is the larger business by last-quarter revenue ($838.0K vs $561.0K, roughly 1.5× SmartKem, Inc.). SmartKem, Inc. runs the higher net margin — -366.3% vs -5498.7%, a 5132.4% gap on every dollar of revenue.

Prime Medicine, Inc. is an American biotechnology company developing gene therapies based on prime editing. The company is headquartered in Cambridge, Massachusetts.

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.

PRME vs SMTK — Head-to-Head

Bigger by revenue
PRME
PRME
1.5× larger
PRME
$838.0K
$561.0K
SMTK
Higher net margin
SMTK
SMTK
5132.4% more per $
SMTK
-366.3%
-5498.7%
PRME

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRME
PRME
SMTK
SMTK
Revenue
$838.0K
$561.0K
Net Profit
$-46.1M
$-2.1M
Gross Margin
57.6%
Operating Margin
-5800.5%
-380.7%
Net Margin
-5498.7%
-366.3%
Revenue YoY
-61.6%
Net Profit YoY
-9.0%
23.7%
EPS (diluted)
$-0.22
$-0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PRME
PRME
SMTK
SMTK
Q4 25
$838.0K
$561.0K
Q3 25
$1.2M
$81.0K
Q2 25
$1.1M
Q1 25
$1.5M
Q4 24
$2.2M
Q3 24
$0
Q2 24
$0
Q1 24
$591.0K
Net Profit
PRME
PRME
SMTK
SMTK
Q4 25
$-46.1M
$-2.1M
Q3 25
$-50.6M
$-3.9M
Q2 25
$-52.6M
Q1 25
$-51.9M
Q4 24
$-42.3M
Q3 24
$-2.8M
Q2 24
$-55.3M
Q1 24
$-45.8M
Gross Margin
PRME
PRME
SMTK
SMTK
Q4 25
57.6%
Q3 25
93.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
PRME
PRME
SMTK
SMTK
Q4 25
-5800.5%
-380.7%
Q3 25
-4406.0%
-3937.0%
Q2 25
-4787.2%
Q1 25
-3603.3%
Q4 24
-2025.7%
Q3 24
Q2 24
Q1 24
-8179.5%
Net Margin
PRME
PRME
SMTK
SMTK
Q4 25
-5498.7%
-366.3%
Q3 25
-4129.1%
-4839.5%
Q2 25
-4716.7%
Q1 25
-3568.8%
Q4 24
-1936.6%
Q3 24
Q2 24
Q1 24
-7743.0%
EPS (diluted)
PRME
PRME
SMTK
SMTK
Q4 25
$-0.22
$-0.22
Q3 25
$-0.32
$-0.45
Q2 25
$-0.41
Q1 25
$-0.40
Q4 24
$-0.31
Q3 24
$-0.86
Q2 24
$-0.46
Q1 24
$-0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRME
PRME
SMTK
SMTK
Cash + ST InvestmentsLiquidity on hand
$63.0M
$374.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$120.9M
$-3.9M
Total Assets
$342.7M
$2.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRME
PRME
SMTK
SMTK
Q4 25
$63.0M
$374.0K
Q3 25
$71.4M
$881.0K
Q2 25
$53.8M
Q1 25
$91.9M
Q4 24
$182.5M
Q3 24
$1.8M
Q2 24
$55.6M
Q1 24
$94.2M
Stockholders' Equity
PRME
PRME
SMTK
SMTK
Q4 25
$120.9M
$-3.9M
Q3 25
$161.8M
$-3.0M
Q2 25
$60.9M
Q1 25
$106.9M
Q4 24
$153.1M
Q3 24
$2.3M
Q2 24
$196.6M
Q1 24
$243.8M
Total Assets
PRME
PRME
SMTK
SMTK
Q4 25
$342.7M
$2.3M
Q3 25
$385.0M
$3.2M
Q2 25
$279.0M
Q1 25
$328.2M
Q4 24
$297.5M
Q3 24
$4.3M
Q2 24
$259.7M
Q1 24
$311.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRME
PRME
SMTK
SMTK
Operating Cash FlowLast quarter
$-37.3M
$-1.4M
Free Cash FlowOCF − Capex
$-37.5M
FCF MarginFCF / Revenue
-4480.4%
Capex IntensityCapex / Revenue
34.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-167.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRME
PRME
SMTK
SMTK
Q4 25
$-37.3M
$-1.4M
Q3 25
$-35.0M
$-200.0K
Q2 25
$-41.4M
Q1 25
$-48.9M
Q4 24
$16.2M
Q3 24
$-2.6M
Q2 24
$-45.5M
Q1 24
$-67.7M
Free Cash Flow
PRME
PRME
SMTK
SMTK
Q4 25
$-37.5M
Q3 25
$-35.3M
Q2 25
$-43.0M
Q1 25
$-51.3M
Q4 24
$14.5M
Q3 24
Q2 24
$-47.4M
Q1 24
$-70.0M
FCF Margin
PRME
PRME
SMTK
SMTK
Q4 25
-4480.4%
Q3 25
-2880.5%
Q2 25
-3855.1%
Q1 25
-3526.8%
Q4 24
662.1%
Q3 24
Q2 24
Q1 24
-11849.6%
Capex Intensity
PRME
PRME
SMTK
SMTK
Q4 25
34.6%
Q3 25
20.2%
Q2 25
141.0%
Q1 25
166.6%
Q4 24
82.0%
Q3 24
Q2 24
Q1 24
393.2%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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