22nd Century (XXII) Operating Expenses (2010 - 2026)
22nd Century's Operating Expenses came in at $3 million for Q2 2026, up 27.8% from $2.35 million a year earlier and up 24.8% from the prior quarter.
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Analysis
22nd Century (XXII) Operating Expenses (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, 22nd Century reported Operating Expenses of $9.52 million, down 4.1% year-over-year; for FY2025, it was $8.43 million, down 27.0% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of -16.4% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $11.55 million in FY2024 (-68.1%), $36.24 million in FY2023 (+2.1%), $35.48 million in FY2022 (+18.7%) and $29.9 million in FY2021 (+45.0%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q1 2024.
- Year-over-year, Operating Expenses increased in two of the last eight quarters, with an average decline of 22.0%.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2022 (growth of 102.1%), and the weakest in Q2 2024 (a decline of 76.4%).
- Business Quant data shows XXII's Operating Expenses at $2.4 million (Q1 2026), $1.97 million (Q4 2025) and $2.15 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 297.66 Bn | 279.23 Bn | 7.66 Bn | - |
| 2 | British American Tobacco p.l.c | 125.80 Bn | 104.94 Bn | - | - |
| 3 | Altria | 112.42 Bn | 98.63 Bn | 3.82 Bn | 21.00 Mn |
| 4 | Curaleaf Holdings | 2.73 Bn | 2.33 Bn | 169.91 Mn | 165.69 Mn |
| 5 | RLX Technology | 2.65 Bn | -916.64 Mn | 52.74 Mn | -33.52 Mn |
| 6 | Trulieve Cannabis | 2.10 Bn | 712.57 Mn | 162.29 Mn | 532.81 Mn |
| 7 | Green Thumb Industries | 1.33 Bn | 184.54 Mn | 137.87 Mn | 117.91 Mn |
| 8 | Cronos | 1.22 Bn | -2.00 Bn | 28.45 Mn | 21.05 Mn |
| 9 | Turning Point Brands | 1.18 Bn | 308.67 Mn | 93.70 Mn | 76.99 Mn |
| 10 | 22nd Century | 175,762.43 | -27.42 Mn | -293,000.00 | 3.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.00 Mn |
| Mar 31, 2026 | 2.40 Mn |
| Dec 31, 2025 | 1.97 Mn |
| Sep 30, 2025 | 2.15 Mn |
| Jun 30, 2025 | 2.35 Mn |
| Mar 31, 2025 | 1.96 Mn |
| Dec 31, 2024 | 2.84 Mn |
| Sep 30, 2024 | 2.79 Mn |
| Jun 30, 2024 | 2.62 Mn |
| Mar 31, 2024 | 3.31 Mn |
| Dec 31, 2023 | 6.40 Mn |
| Sep 30, 2023 | 8.33 Mn |
| Jun 30, 2023 | 11.08 Mn |
| Mar 31, 2023 | 10.42 Mn |
| Dec 31, 2022 | -228,000.00 |
| Sep 30, 2022 | 15.89 Mn |
| Jun 30, 2022 | 11.37 Mn |
| Mar 31, 2022 | 8.46 Mn |
| Dec 31, 2021 | 9.26 Mn |
| Sep 30, 2021 | 7.86 Mn |
API Access
22nd Century Operating Expenses 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=operating-expenses&ticker=XXII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "XXII", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=XXII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();