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Side-by-side financial comparison of SmartKem, Inc. (SMTK) and ScanTech AI Systems Inc. (STAI). Click either name above to swap in a different company.
ScanTech AI Systems Inc. is the larger business by last-quarter revenue ($631.0K vs $561.0K, roughly 1.1× SmartKem, Inc.). SmartKem, Inc. runs the higher net margin — -366.3% vs -1532.9%, a 1166.6% gap on every dollar of revenue.
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 vs STAI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $561.0K | $631.0K |
| Net Profit | $-2.1M | $-9.7M |
| Gross Margin | 57.6% | 27.6% |
| Operating Margin | -380.7% | -773.2% |
| Net Margin | -366.3% | -1532.9% |
| Revenue YoY | — | — |
| Net Profit YoY | 23.7% | — |
| EPS (diluted) | $-0.22 | $-0.16 |
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.
| Q4 25 | $561.0K | — | ||
| Q3 25 | $81.0K | $631.0K | ||
| Q2 25 | — | $884.0K | ||
| Q1 25 | — | $346.1K | ||
| Q3 24 | $0 | — | ||
| Q4 23 | $0 | — | ||
| Q3 23 | $3.0K | — | ||
| Q2 23 | $8.0K | — |
| Q4 25 | $-2.1M | — | ||
| Q3 25 | $-3.9M | $-9.7M | ||
| Q2 25 | — | $-6.9M | ||
| Q1 25 | — | $-17.9M | ||
| Q3 24 | $-2.8M | — | ||
| Q4 23 | $-1.4M | — | ||
| Q3 23 | $-3.0M | — | ||
| Q2 23 | $-2.0M | — |
| Q4 25 | 57.6% | — | ||
| Q3 25 | 93.8% | 27.6% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 29.4% | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | 66.7% | — | ||
| Q2 23 | 25.0% | — |
| Q4 25 | -380.7% | — | ||
| Q3 25 | -3937.0% | -773.2% | ||
| Q2 25 | — | -440.1% | ||
| Q1 25 | — | -4503.9% | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | -89833.3% | — | ||
| Q2 23 | -29587.5% | — |
| Q4 25 | -366.3% | — | ||
| Q3 25 | -4839.5% | -1532.9% | ||
| Q2 25 | — | -785.1% | ||
| Q1 25 | — | -5174.2% | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | -100733.3% | — | ||
| Q2 23 | -25337.5% | — |
| Q4 25 | $-0.22 | — | ||
| Q3 25 | $-0.45 | $-0.16 | ||
| Q2 25 | — | $-0.16 | ||
| Q1 25 | — | $-0.77 | ||
| Q3 24 | $-0.86 | — | ||
| Q4 23 | $-0.27 | — | ||
| Q3 23 | $-1.78 | — | ||
| Q2 23 | $-1.82 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $374.0K | — |
| Total DebtLower is stronger | — | $17.7M |
| Stockholders' EquityBook value | $-3.9M | — |
| Total Assets | $2.3M | $5.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $374.0K | — | ||
| Q3 25 | $881.0K | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $1.8M | — | ||
| Q4 23 | $8.8M | — | ||
| Q3 23 | $11.2M | — | ||
| Q2 23 | $13.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $17.7M | ||
| Q2 25 | — | $17.7M | ||
| Q1 25 | — | $17.7M | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | $-3.9M | — | ||
| Q3 25 | $-3.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | $2.3M | — | ||
| Q4 23 | $8.1M | — | ||
| Q3 23 | $10.3M | — | ||
| Q2 23 | $12.3M | — |
| Q4 25 | $2.3M | — | ||
| Q3 25 | $3.2M | $5.1M | ||
| Q2 25 | — | $4.6M | ||
| Q1 25 | — | $5.1M | ||
| Q3 24 | $4.3M | — | ||
| Q4 23 | $11.3M | — | ||
| Q3 23 | $13.6M | — | ||
| Q2 23 | $16.1M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.4M | $-758.5K |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.4M | — | ||
| Q3 25 | $-200.0K | $-758.5K | ||
| Q2 25 | — | $-1.5M | ||
| Q1 25 | — | $-2.2M | ||
| Q3 24 | $-2.6M | — | ||
| Q4 23 | $-2.4M | — | ||
| Q3 23 | $-2.5M | — | ||
| Q2 23 | $-637.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-1.5M | ||
| Q1 25 | — | $-2.2M | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | $-2.6M | — | ||
| Q2 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -166.0% | ||
| Q1 25 | — | -623.8% | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | -85200.0% | — | ||
| Q2 23 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 2.0% | ||
| Q3 24 | — | — | ||
| Q4 23 | — | — | ||
| Q3 23 | 200.0% | — | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
