SmartKem (SMTK) Gross Margin (2020 - 2026)

SmartKem has disclosed Gross Margin across 6 years of filings, most recently posting 80.0% for Q1 2026.

• In Q1 2026, Gross Margin fell 1565.0% year-over-year to 80.0%; the TTM figure through Mar 2026 stood at 60.37% (down 820.0% YoY), while the FY2025 annual figure was 60.98%, changed 0.0% from the prior year.
• Gross Margin advanced to 80.0% in Q1 2026, from 57.58% in the prior quarter.
• Over the last five years, Gross Margin for SMTK reached as high as 100.0% in Q4 2024 and fell as low as 3.85% in Q3 2022.
• The 5-year median for Gross Margin is 50.0% (2022), against an average of 49.49%.
• Annual changes were most pronounced in 2023 — Gross Margin soared 6282 bps — and 2025, when it plunged 4242 bps.
• A 5-year view of Gross Margin shows it stood at 15.0% in 2022, then jumped by 344 bps to 66.67% in 2023, then soared by 50 bps to 100.0% in 2024, then plunged by 42 bps to 57.58% in 2025, then soared by 39 bps to 80.0% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 80.0%, 57.58%, and 93.83% for Q1 2026, Q4 2025, and Q3 2025 respectively.