FY2025 · ended Dec 31, 2025 · Revenue $697,000, +750.0% YoY · Filed Apr 8, 2026
SmartKem, Inc. (SMTK) files with the SEC under industry code 3674, Semiconductors & Related Devices. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $697,000 and a net loss of $10.5 million. Free cash flow was -$7.9 million. As of Jun 30, 2026 it held $3.7 million in cash and investments and $0 in total debt.
Revenue (TTM)
$662,000
+582.5% vs year-ago TTM
Net income (TTM)
$-28.60M
-184.1% vs year-ago TTM
Operating cash flow (TTM)
$-5.01M
+49.0% vs year-ago TTM
Free cash flow
$-7.86M
+3.8% vs prior year
EPS (TTM)
$-2.06
-11.2% vs year-ago TTM
Dividend per share
$2.83
Shares outstanding
21.20M
+485.7% vs prior year
Net cash
$3.69M
as of Jun 30, 2026
Operating margin
-1404.4%
FY 2026
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- SMTK (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Delaware, DE
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1817760
- Former names
- Parasol Investments Corp (until Feb 19, 2021)
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $697,000 | $82,000 | $27,000 | $40,000 | $18,000 |
| Operating income | -$12.8M | -$10.5M | -$10.0M | -$9.7M | -$16.3M |
| Net income | -$10.5M | -$10.3M | -$8.5M | -$11.5M | -$17.1M |
| Diluted EPS | -$1.29 | -$6.00 | -$6.32 | -$13.88 | -$0.68 |
| Operating cash flow | -$7.7M | -$8.1M | -$8.0M | -$9.0M | -$9.7M |
| Free cash flow | -$7.9M | -$8.2M | -$8.1M | -$9.1M | -$10.1M |
| Total assets | $2.3M | $8.9M | $11.3M | $7.5M | $15.1M |
| Total liabilities | $6.2M | $2.3M | $3.2M | $1.6M | $1.5M |
| Stockholders' equity | -$3.9M | $6.6M | $8.1M | $5.9M | $13.5M |
| Cash and investments | $374,000 | $7.1M | $8.8M | $4.2M | $12.2M |
| Total debt | $583,000 | $72,000 | $249,000 | $445,000 | $115,000 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement
|
Nov 4, 2026 | Oct 30, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 21, 2026 | Sep 16, 2026 |
| 8-K |
Current report
Listing notice
|
Sep 14, 2026 | Sep 10, 2026 |
| 8-K |
Current report
Officer or director change
|
Sep 4, 2026 | Aug 31, 2026 |
| 8-K |
Current report
Bylaw or fiscal year change
|
Aug 21, 2026 | Aug 20, 2026 |
| 8-K |
Current report
Other events
|
Aug 19, 2026 | Aug 19, 2026 |
All 351 SmartKem, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.