22nd Century (XXII) Research & Development (2010 - 2026)
22nd Century (XXII) recorded Research & Development of $295,000 in Q2 2026, up 30.0% from $227,000 a year earlier and up 3.5% from the prior quarter.
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Analysis
22nd Century (XXII) Research & Development (2010 - 2026) Analysis & Trends
On a TTM basis, 22nd Century's Research & Development came in at $878,000 as of Jun 30, 2026, up 3.7% year-over-year; for FY2025, it was $688,000, down 39.3% from FY2024.
- Annual Research & Development has declined for seven straight years, with a five-year compound annual growth rate of -30.1% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $1.13 million in FY2024 (-57.1%), $2.64 million in FY2023 (-26.1%), $3.58 million in FY2022 (-8.5%) and $3.91 million in FY2021 (-5.2%).
- The Q2 2026 figure is the highest quarterly Research & Development since Q1 2024.
- On a year-over-year basis, Research & Development rose in two of the last eight quarters, with an average decline of 19.2%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 110.1% in Q2 2022, against a decline of 68.7% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $285,000 (Q1 2026), $105,000 (Q4 2025) and $193,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 303.52 Bn | 280.52 Bn | 7.85 Bn | - |
| 2 | British American Tobacco p.l.c | 132.82 Bn | 111.64 Bn | - | - |
| 3 | Altria | 126.54 Bn | 113.47 Bn | 3.94 Bn | - |
| 4 | Curaleaf Holdings | 2.37 Bn | 2.00 Bn | 170.48 Mn | - |
| 5 | Trulieve Cannabis | 2.11 Bn | 729.12 Mn | 162.29 Mn | - |
| 6 | RLX Technology | 1.96 Bn | -1.30 Bn | - | - |
| 7 | Green Thumb Industries | 1.45 Bn | 214.02 Mn | 146.79 Mn | - |
| 8 | Cronos | 1.30 Bn | -1.97 Bn | 28.45 Mn | 1.22 Mn |
| 9 | Turning Point Brands | 1.27 Bn | 375.50 Mn | 93.70 Mn | - |
| 10 | 22nd Century | 5,195.52 | -27.59 Mn | -293,000.00 | 295,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 295,000.00 |
| Mar 31, 2026 | 285,000.00 |
| Dec 31, 2025 | 105,000.00 |
| Sep 30, 2025 | 193,000.00 |
| Jun 30, 2025 | 227,000.00 |
| Mar 31, 2025 | 162,000.00 |
| Dec 31, 2024 | 218,000.00 |
| Sep 30, 2024 | 240,000.00 |
| Jun 30, 2024 | 250,000.00 |
| Mar 31, 2024 | 425,000.00 |
| Dec 31, 2023 | 492,000.00 |
| Sep 30, 2023 | 623,000.00 |
| Jun 30, 2023 | 799,000.00 |
| Mar 31, 2023 | 730,000.00 |
| Dec 31, 2022 | -777,000.00 |
| Sep 30, 2022 | 1.32 Mn |
| Jun 30, 2022 | 1.90 Mn |
| Mar 31, 2022 | 1.14 Mn |
| Dec 31, 2021 | 1.12 Mn |
| Sep 30, 2021 | 1.03 Mn |
API Access
22nd Century 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=XXII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=XXII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();