SmartKem (SMTK) Operating Expenses (2020 - 2026)

SmartKem has disclosed Operating Expenses across 7 years of filings, most recently posting $2.6 million for 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 declined to $2.6 million in Q1 2026, from $2.7 million in the prior quarter.
• Over the last five years, Operating Expenses for SMTK reached as high as $4.7 million in Q2 2025 and fell as low as $2.5 million in Q4 2023.
• The 5-year median for Operating Expenses is $2.7 million (2024), against an average of $2.9 million.
• Annual changes were most pronounced in 2022 — Operating Expenses plunged 71.01% — and 2025, when it jumped 54.09%.
• 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.
• According to Business Quant data, Operating Expenses over the past three periods registered $2.6 million, $2.7 million, and $3.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.