NASDAQ:SMTK
SmartKem, Inc.
SmartKem, Inc.'s revenue grew 750.0% in fiscal 2025 to $697,000 while operating margin rose to −1841.5%, its highest in 6 years. Free cash flow was −$7.9M, −1127.5% of revenue, and the diluted share count rose 150.2%.Summary generated from SmartKem, Inc.'s SEC filings. Latest annual report filed Apr 8, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$697,000
Revenue growth+750.0%
Revenue, 5-yr CAGR+49.3%
Gross margin61.0%
Operating margin−1841.5%
Net margin−1507.7%
ROICn/a
Return on equity−791.0%
Debt / equityn/a
Free cash flow−$7.9M
FCF margin−1127.5%
Share count change+150.2%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 1 |
| Operating income | −16 | −10 | −10 | −10 | −13 |
| Net income | −17 | −11 | −8 | −10 | −11 |
| Free cash flow | −10 | −9 | −8 | −8 | −8 |
Recent filings
- 8-KDirector or officer change
Sep 21, 2026 - S-1Registration statement
Sep 18, 2026 - 8-KNotice of delisting or listing-rule failure
Sep 14, 2026 - 8-KDirector or officer change
Sep 4, 2026 - 8-KAmendment to articles or bylaws
Aug 21, 2026 - 8-KOther events
Aug 19, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 14, 2026 - 8-KEntry into a material agreement
Aug 3, 2026