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.

• Operating Expenses for Q1 2026 came in at $2.6 million, down 23.1% year-over-year; the trailing twelve-month figure through Mar 2026 was $13.4 million (up 9.21% YoY), and the FY2025 annual result was $14.2 million, up 23.24% from the prior year.
• Operating Expenses for Q1 2026 stood at $2.6 million, down from $2.7 million in the prior quarter.
• The five-year high for Operating Expenses was $4.7 million in Q2 2025, with the low 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 slumped 71.01% in 2022 and jumped 54.09% in 2025, its largest moves.
• SmartKem's Operating Expenses stood at $2.7 million in 2022, then slipped by 7.53% to $2.5 million in 2023, then advanced by 8.66% to $2.7 million in 2024, then fell by 1.28% to $2.7 million in 2025, then dropped 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.