SmartKem (SMTK) Operating Income (2020 - 2026)

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

• In Q1 2026, Operating Income rose 18.01% year-over-year to -$2.6 million; the TTM figure through Mar 2026 stood at -$12.3 million (down 10.02% YoY), while the FY2025 annual figure was -$12.8 million, down 22.66% from the prior year.
• Operating Income slipped to -$2.6 million in Q1 2026 per SMTK's latest filing, from -$2.1 million in the prior quarter.
• Across five years, Operating Income topped out at -$2.1 million in Q4 2025 and bottomed at -$4.4 million in Q2 2025.
• Historically, Operating Income has averaged -$2.7 million across 5 years, with a median of -$2.5 million in 2022.
• Annual changes were most pronounced in 2022 — Operating Income surged 72.87% — and 2025, when it slumped 57.44%.
• SmartKem's Operating Income stood at -$2.4 million in 2022, then climbed by 1.33% to -$2.4 million in 2023, then decreased by 1.05% to -$2.4 million in 2024, then rose by 11.0% to -$2.1 million in 2025, then fell by 20.46% to -$2.6 million in 2026.
• Business Quant data shows SMTK's Operating Income at -$2.6 million in Q1 2026, -$2.1 million in Q4 2025, and -$3.2 million in Q3 2025.