SmartKem (SMTK) Operating Expenses (2020 - 2026)

SmartKem (SMTK) has reported Operating Expenses for 7 consecutive years, with $2.6 million the latest figure, recorded in Q1 2026.

• On a quarterly basis, Operating Expenses fell 23.1% year-over-year to $2.6 million in Q1 2026; TTM through Mar 2026 was $13.4 million, a 9.21% increase from a year earlier, with the FY2025 full-year figure at $14.2 million, up 23.24% from the prior year.
• Operating Expenses was $2.6 million for Q1 2026 at SmartKem, down from $2.7 million in the prior quarter.
• Over five years, Operating Expenses peaked at $4.7 million in Q2 2025 and troughed at $2.5 million in Q4 2023.
• A 5-year average of $2.9 million and a median of $2.7 million in 2024 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses tumbled 71.01% in 2022 and soared 54.09% in 2025, its largest moves.
• Over 5 years, Operating Expenses stood at $2.7 million in 2022, then decreased by 7.53% to $2.5 million in 2023, then gained by 8.66% to $2.7 million in 2024, then declined by 1.28% to $2.7 million in 2025, then slipped by 2.82% to $2.6 million in 2026.
• The last three Operating Expenses figures came in at $2.6 million (Q1 2026), $2.7 million (Q4 2025), and $3.4 million (Q3 2025), per Business Quant data.