SmartKem (SMTK) Operating Expenses (2020 - 2026)

SmartKem (SMTK) has 7 years of Operating Expenses data on file, last reported at $2.6 million 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 slipped to $2.6 million in Q1 2026 per SMTK's latest filing, 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.
• The sharpest annual moves came in 2022 and 2025: Operating Expenses slumped 71.01% in 2022, then jumped 54.09% in 2025.
• A 5-year view of Operating Expenses shows it 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.
• Business Quant data shows SMTK's Operating Expenses at $2.6 million in Q1 2026, $2.7 million in Q4 2025, and $3.4 million in Q3 2025.