Growth Metrics

SmartKem (SMTK) Research & Development: 2020-2024

Historic Research & Development for SmartKem (SMTK) over the last 5 years, with FY2024 value amounting to $5.1 million.

  • SmartKem's Research & Development rose 3670.21% to $2.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $8.4 million, marking a year-over-year increase of 6493.33%. This contributed to the annual value of $5.1 million for FY2024, which is 800.94% down from last year.
  • Per SmartKem's latest filing, its Research & Development stood at $5.1 million for FY2024, which was down 800.94% from $5.6 million recorded in FY2023.
  • Over the past 5 years, SmartKem's Research & Development peaked at $8.2 million during FY2021, and registered a low of $4.3 million during FY2020.
  • For the 5-year period, SmartKem's Research & Development averaged around $5.8 million, with its median value being $5.6 million (2023).
  • Per our database at Business Quant, SmartKem's Research & Development skyrocketed by 8983.56% in 2021 and then plummeted by 2923.53% in 2022.
  • Annual analysis of 5 years shows SmartKem's Research & Development stood at $4.3 million in 2020, then surged by 89.84% to $8.2 million in 2021, then dropped by 29.24% to $5.8 million in 2022, then fell by 4.24% to $5.6 million in 2023, then decreased by 8.01% to $5.1 million in 2024.
  • Its last three reported values are $5.1 million in FY2024, $5.6 million for FY2023, and $5.8 million during FY2022.