SmartKem (SMTK) Gross Margin (2020 - 2026)

SmartKem (SMTK) has reported Gross Margin for 6 consecutive years, with 80.0% the latest figure, recorded in Q1 2026.

• Gross Margin for Q1 2026 came in at 80.0%, down 1565.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 60.37% (down 820.0% YoY), and the FY2025 annual result was 60.98%, changed 0.0% from the prior year.
• Gross Margin for Q1 2026 stood at 80.0%, up from 57.58% in the prior quarter.
• The five-year high for Gross Margin was 100.0% in Q4 2024, with the low at 3.85% in Q3 2022.
• A 5-year average of 49.49% and a median of 50.0% in 2022 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin soared 6282 bps in 2023 and slumped 4242 bps in 2025, its largest moves.
• SmartKem's Gross Margin 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 slumped by 42 bps to 57.58% in 2025, then soared by 39 bps to 80.0% in 2026.
• The last three Gross Margin figures came in at 80.0% (Q1 2026), 57.58% (Q4 2025), and 93.83% (Q3 2025), per Business Quant data.