SmartKem (SMTK) Research & Development (2020 - 2026)
SmartKem (SMTK) recorded Research & Development of $703,000 in Q2 2026, down 71.0% from $2.43 million a year earlier and down 23.0% from the prior quarter.
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Analysis
SmartKem (SMTK) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, SmartKem's Research & Development came in at $4.71 million as of Jun 30, 2026, down 28.6% year-over-year; for FY2025, it was $7.02 million, up 37.3% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 10.2% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $5.11 million in FY2024 (-8.0%), $5.56 million in FY2023 (-4.2%), $5.8 million in FY2022 (-29.2%) and $8.2 million in FY2021 (+89.8%).
- The Q2 2026 figure is the lowest quarterly Research & Development in data going back to Q1 2020.
- On a year-over-year basis, Research & Development has declined for three consecutive quarters, with growth averaging 2.3% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 109.5% in Q2 2025, against a decline of 71.0% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $913,000 (Q1 2026), $1.04 million (Q4 2025) and $2.06 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Linde | 231.45 Bn | 213.03 Bn | 4.43 Bn | 37.00 Mn |
| 2 | Corning | 116.59 Bn | 109.15 Bn | 1.63 Bn | 299.00 Mn |
| 3 | Sherwin Williams | 82.19 Bn | 81.23 Bn | 3.34 Bn | - |
| 4 | Air Products & Chemicals | 67.40 Bn | 62.58 Bn | 1.04 Bn | 21.50 Mn |
| 5 | LyondellBasell Industries | 40.93 Bn | 30.44 Bn | 2.04 Bn | 34.00 Mn |
| 6 | Nutrien | 33.12 Bn | 29.95 Bn | 3.25 Bn | - |
| 7 | Qnity Electronics | 25.20 Bn | 22.33 Bn | 666.00 Mn | 98.00 Mn |
| 8 | Ppg Industries | 24.54 Bn | 17.20 Bn | 1.81 Bn | 107.00 Mn |
| 9 | Ati | 24.54 Bn | 22.56 Bn | 309.80 Mn | - |
| 10 | SmartKem | 241,875.51 | -12.33 Mn | - | 703,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 703,000.00 |
| Mar 31, 2026 | 913,000.00 |
| Dec 31, 2025 | 1.04 Mn |
| Sep 30, 2025 | 2.06 Mn |
| Jun 30, 2025 | 2.43 Mn |
| Mar 31, 2025 | 1.50 Mn |
| Dec 31, 2024 | 1.17 Mn |
| Sep 30, 2024 | 1.50 Mn |
| Jun 30, 2024 | 1.16 Mn |
| Mar 31, 2024 | 1.28 Mn |
| Dec 31, 2023 | 1.45 Mn |
| Sep 30, 2023 | 1.57 Mn |
| Jun 30, 2023 | 1.26 Mn |
| Mar 31, 2023 | 1.28 Mn |
| Dec 31, 2022 | 1.65 Mn |
| Sep 30, 2022 | 1.35 Mn |
| Jun 30, 2022 | 1.34 Mn |
| Mar 31, 2022 | 1.46 Mn |
| Dec 31, 2021 | 1.47 Mn |
| Sep 30, 2021 | 1.36 Mn |
API Access
SmartKem Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=SMTK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "SMTK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=SMTK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();