SmartKem (SMTK) Research & Development (2020 - 2026)

SmartKem has disclosed Research & Development across 7 years of filings, most recently posting $913000.0 for Q1 2026.

• In Q1 2026, Research & Development fell 39.01% year-over-year to $913000.0; the TTM figure through Mar 2026 stood at $6.4 million (up 20.65% YoY), while the FY2025 annual figure was $7.0 million, up 37.29% from the prior year.
• Research & Development eased to $913000.0 in Q1 2026, from $1.0 million in the prior quarter.
• Over the last five years, Research & Development for SMTK reached as high as $2.4 million in Q2 2025 and fell as low as $913000.0 in Q1 2026.
• The 5-year median for Research & Development is $1.3 million (2022), against an average of $1.4 million.
• Annual changes were most pronounced in 2022 — Research & Development slumped 63.64% — and 2025, when it jumped 109.5%.
• A 5-year view of Research & Development shows it stood at $1.7 million in 2022, then retreated by 12.11% to $1.5 million in 2023, then fell by 19.21% to $1.2 million in 2024, then decreased by 11.51% to $1.0 million in 2025, then decreased by 12.04% to $913000.0 in 2026.
• According to Business Quant data, Research & Development over the past three periods registered $913000.0, $1.0 million, and $2.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.