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.

• In Q1 2026, Operating Expenses fell 23.1% year-over-year to $2.6 million; the TTM figure through Mar 2026 stood at $13.4 million (up 9.21% YoY), while the FY2025 annual figure was $14.2 million, up 23.24% from the prior year.
• Operating Expenses fell to $2.6 million in Q1 2026 per SMTK's latest filing, from $2.7 million in the prior quarter.
• Across five years, Operating Expenses topped out at $4.7 million in Q2 2025 and bottomed at $2.5 million in Q4 2023.
• Historically, Operating Expenses has averaged $2.9 million across 5 years, with a median of $2.7 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses slumped 71.01% — and 2025, when it jumped 54.09%.
• SmartKem's Operating Expenses stood at $2.7 million in 2022, then dropped by 7.53% to $2.5 million in 2023, then climbed by 8.66% to $2.7 million in 2024, then retreated by 1.28% to $2.7 million in 2025, then declined 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.