8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Apr 23, 2026·SEC
Material company update
Apr 17, 2026·SEC
SmartKem, Inc.(SMTK)Earnings, Financials & Key Ratios
SMTK•NASDAQ
$0.22
Price updated Jul 7, 2026
AboutSmartKem, Inc. engages in the development of materials and processes for organic thin-film transistors backplanes for the manufacture of flexible electronics. Its transistor stacks are used in various applications, including bendable smart-phone displays, curved automotive displays, e-paper displays, wearables, fingerprint sensors, and printed biosensors. SmartKem, Inc. was founded in 2009 and is headquartered in Manchester, the United Kingdom.Show more
- Revenue$16M+18937.8%
- EBITDA-$1M+85.7%
- Net Income-$11M-1.7%
- EPS (Diluted)-1.29+59.3%
- Gross Margin98.26%+61.1%
- EBITDA Margin-9.12%+99.9%
- Operating Margin6.09%+100.0%
- Net Margin-67.32%+99.5%
- ROE-791.04%-463.0%
SMTK Price & Volume
SmartKem, Inc. (SMTK) stock price & volume — 10-year historical chart
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Volatile Milestone Revenue Masks Structural Liquidity Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Imminent liquidity shortfall
Key Thesis Takeaways
- SmartKem's business model remains heavily dependent on lumpy, non-recurring licensing milestones, which creates extreme volatility in top-line performance and obscures a lack of sustainable operating scale.
- The company faces a precarious financial position characterized by a $144.5 million accumulated deficit and a persistent inability to generate positive free cash flow, necessitating ongoing reliance on external capital.
- Investors should monitor the company's ability to transition from experimental R&D-heavy operations to a consistent revenue-generating model, as current metrics suggest a high risk of further shareholder dilution.
Verdict Logic
the company's inability to maintain a positive cash balance, which plummeted to $374,000 in 2025Q4, suggests an imminent risk of dilutive financing to sustain operations.
SMTK Growth Metrics
SmartKem, Inc. (SMTK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years178.01%
3 Years630.79%
TTM14764.76%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-157.65%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-197.88%
Return on Capital
10 Years-133.76%
5 Years-109.35%
3 Years-64.73%
Last Year63.53%
SMTK Recent Earnings
SmartKem, Inc. (SMTK) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 20, 2026Metric
Actual
Est
EPS
$0.25
—
Rev
$20,000
—
Q2 2026
Apr 8, 2026Metric
Actual
Est
EPS
$0.22
—
Rev
$15M
—
Q4 2025
Nov 13, 2025Metric
Actual
Est
EPS
$0.45
—
Rev
$81,000
—
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.30
—
Rev
$32,000
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 20, 2026 | $0.25 | $20,000 |
| Q2 2026 | Apr 8, 2026 | $0.22 | $15M |
| Q4 2025 | Nov 13, 2025 | $0.45 | $81,000 |
| Q3 2025 | Aug 12, 2025 | $0.30 | $32,000 |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for SmartKem, Inc. (SMTK)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.22 | $1.01M | -0.17 | 18937.8% | -67.32% | -791.04% | — | |
| $0.50 | $44.33M | -5.00 | 10.52% | -7.43% | -0.06% | — | |
| $79.77 | $3.76B | 15.70 | 0.45% | 34.08% | 12.33% | — | |
| $3.79 | $692.35M | 259.25 | -23.58% | 4.86% | 4.31% | — | |
| $9.30 | $104.91M | 25.14 | 30.75% | 17.66% | 8.33% | — | |
| $131.52 | $48.19B | 56.45 | 8.14% | 3.15% | 17.26% | — |
Compare SMTK vs Peers
SmartKem, Inc. (SMTK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SMTK SEC Filings & Documents
SmartKem, Inc. (SMTK) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SMTK Frequently Asked Questions
SmartKem, Inc. (SMTK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is SmartKem, Inc.'s revenue?
SmartKem, Inc. (SMTK) reported $15.6M in revenue for fiscal year 2025. This represents a 291257% increase from $0.0M in 2019.
How fast is SmartKem, Inc. growing?
SmartKem, Inc. (SMTK) grew revenue by 18937.8% over the past year. This is strong growth.
Is SMTK profitable?
SmartKem, Inc. (SMTK) reported a net loss of $27.7M for fiscal year 2025.
Dividend & Returns
What is SMTK's return on equity?
SmartKem, Inc. (SMTK) has a return on equity (ROE) of -791.0%. Negative ROE indicates the company is unprofitable.
What is SmartKem, Inc.'s free cash flow?
SmartKem, Inc. (SMTK) had negative free cash flow of $6.1M in fiscal year 2025, likely due to heavy capital investments.