SmartKem reported total assets of 9.48M and total liabilities of 4.07M for the quarter ended Mar 2026, up 60.4% year over year. This balance sheet covers 25 quarters of results from Mar 2020 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Balance Sheet | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||
| Cash & Equivalents (Quarter)Cash & Equiv. (Qtr) | 16.40M | 14.72M | 12.23M | 10.60M | 7.80M | 6.30M | 4.24M | 1.70M | 13.80M | 11.20M | 7.25M | 4.35M | 1.80M | 7.14M | 3.90M | 1.20M | 0.88M | 0.37M | 7.60M | ||||||
| Cash & Current Investments (Quarter)Cash & Current Investments (Qtr) | 16.40M | 14.72M | 12.23M | 10.60M | 7.80M | 6.30M | 4.24M | 1.70M | 13.80M | 11.20M | 7.25M | 4.35M | 1.80M | 7.14M | 3.90M | 1.20M | 0.88M | 0.37M | 7.60M | ||||||
| Receivables - Net (Quarter)Net Receivables (Qtr) | 0.03M | 0.00M | 0.02M | 0.03M | 0.00M | 0.00M | 0.05M | 0.27M | 0.06M | 0.00M | 0.00M | ||||||||||||||
| Receivables (Quarter)Receivables (Qtr) | 0.03M | 0.00M | 0.02M | 0.03M | 0.00M | 0.00M | 0.05M | 0.27M | 0.06M | 0.00M | 0.00M | ||||||||||||||
| Prepaid Assets (Quarter)Prepaid Assets (Qtr) | 1.20M | 0.56M | 0.41M | 0.11M | 0.14M | 0.08M | 0.20M | 1.21M | 0.46M | 0.38M | 0.27M | 1.08M | 0.27M | 0.80M | 0.85M | 1.09M | 0.42M | 1.08M | 0.15M | 0.70M | |||||
| Current Assets (Quarter)Current Assets (Qtr) | 19.13M | 16.58M | 14.10M | 13.27M | 11.08M | 8.49M | 6.44M | 4.28M | 15.07M | 12.73M | 10.53M | 9.14M | 6.50M | 3.75M | 8.51M | 5.64M | 3.43M | 2.36M | 1.50M | 8.80M | |||||
| Non-Current Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment (Net) (Quarter)PP&E (Net) (Qtr) | 0.72M | 0.81M | 0.80M | 0.77M | 0.68M | 0.58M | 0.60M | 0.58M | 0.56M | 0.50M | 0.46M | 0.39M | 0.33M | 0.35M | 0.27M | 0.22M | 0.17M | 0.22M | 0.18M | 0.14M | |||||
| Long-Term Deferred Tax (Quarter)Long-Term Deferred Tax (Qtr) | |||||||||||||||||||||||||
| Other Non-Current Assets (Quarter)Other Non-Current Assets (Qtr) | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M | ||||||||||
| Non-Current Assets (Quarter)Non-Current Assets (Qtr) | 0.96M | 0.98M | 0.96M | 0.87M | 1.23M | 1.08M | 1.08M | 1.01M | 0.98M | 0.85M | 0.75M | 0.62M | 0.56M | 0.56M | 0.40M | 0.27M | 0.85M | 0.88M | 0.79M | 0.68M | |||||
| Assets (Quarter)Assets (Qtr) | 20.08M | 17.56M | 15.06M | 14.13M | 12.31M | 9.57M | 7.53M | 5.29M | 16.05M | 13.58M | 11.27M | 9.76M | 7.06M | 4.31M | 8.90M | 5.91M | 4.28M | 3.25M | 2.29M | 9.48M | |||||
| Liabilities | |||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||
| Accounts Payables (Quarter)Accounts Payables (Qtr) | 0.48M | 0.51M | 1.42M | 1.16M | 0.46M | 1.22M | 0.93M | 0.46M | 1.49M | 0.39M | 0.35M | 2.04M | 1.90M | 0.75M | 0.84M | 0.74M | 3.07M | 4.89M | 4.60M | 3.36M | |||||
| Notes Payables (Quarter)Notes Payables (Qtr) | 0.93M | 0.10M | |||||||||||||||||||||||
| Payables (Quarter)Payables (Qtr) | 0.48M | 0.51M | 1.42M | 1.16M | 0.46M | 1.22M | 0.93M | 0.46M | 1.49M | 0.39M | 0.35M | 2.04M | 1.90M | 0.75M | 0.84M | 0.74M | 3.07M | 4.89M | 5.53M | 3.46M | |||||
| Accumulated Expenses (Quarter)Accumulated Expenses (Qtr) | 0.31M | 0.35M | 0.38M | 0.32M | 0.28M | 0.31M | 0.21M | 0.19M | 0.32M | 0.41M | 0.38M | 0.53M | 0.28M | 0.40M | 0.40M | 0.17M | 0.29M | 0.42M | 0.13M | 0.18M | |||||
| Other Accumulated Expenses (Quarter)Other Accumulated Expenses (Qtr) | 0.03M | 0.03M | 0.11M | 0.06M | 0.07M | 0.07M | 0.04M | 0.04M | 0.01M | 0.15M | 0.36M | 0.37M | 0.35M | 0.37M | 0.16M | 0.64M | 0.32M | 0.66M | 0.11M | ||||||
| Short term Debt (Quarter)Short term Debt (Qtr) | |||||||||||||||||||||||||
| Current Leases (Quarter)Current Leases (Qtr) | 0.18M | 0.12M | 0.09M | 0.06M | 0.21M | 0.20M | 0.21M | 0.23M | 0.24M | 0.23M | 0.23M | 0.17M | 0.21M | 0.17M | 0.05M | 0.02M | 0.24M | 0.27M | 0.27M | 0.28M | |||||
| Current Taxes (Quarter)Current Taxes (Qtr) | 0.02M | 0.00M | 0.12M | 0.29M | 0.27M | 0.23M | |||||||||||||||||||
| Current Deferred Revenue (Quarter)Current Deferred Revenue (Qtr) | 0.11M | 0.11M | |||||||||||||||||||||||
| Total Current Liabilities (Quarter)Total Current Liabilities (Qtr) | 1.48M | 1.45M | 1.51M | 1.22M | 1.40M | 1.41M | 1.40M | 1.38M | 1.75M | 1.83M | 1.77M | 2.58M | 2.46M | 2.00M | 2.29M | 2.10M | 3.99M | 5.82M | 5.91M | 3.84M | |||||
| Non-Current Liabilities | |||||||||||||||||||||||||
| Non-Current Debt (Quarter)Non-Current Debt (Qtr) | |||||||||||||||||||||||||
| Operating Leases (Quarter)Operating Leases (Qtr) | 0.03M | 0.02M | 0.03M | 0.02M | 0.32M | 0.28M | 0.24M | 0.19M | 0.14M | 0.07M | 0.02M | 0.00M | 0.02M | 0.03M | 0.03M | 0.02M | 0.42M | 0.38M | 0.31M | 0.23M | |||||
| Other Non-Current Liabilities (Quarter)Other Non-Current Liabilities (Qtr) | 1.83M | 1.38M | 1.37M | 0.62M | |||||||||||||||||||||
| Total Non-Current Liabilities (Quarter)Total Non-Current Liabilities (Qtr) | 1.89M | 1.90M | 1.79M | 2.58M | 2.31M | ||||||||||||||||||||
| Total Liabilities (Quarter)Total Liabilities (Qtr) | 1.52M | 1.46M | 1.54M | 1.24M | 1.72M | 1.69M | 1.64M | 1.56M | 3.72M | 3.28M | 3.16M | 3.20M | 2.48M | 2.03M | 2.31M | 2.12M | 4.41M | 6.20M | 6.22M | 4.07M | |||||
| Shareholder's Equity | |||||||||||||||||||||||||
| Total Debt (Quarter)Total Debt (Qtr) | |||||||||||||||||||||||||
| Common Equity (Quarter)Common Equity (Qtr) | 18.57M | 16.09M | 13.52M | 12.90M | 10.60M | 7.88M | 5.88M | 3.73M | 12.33M | 10.30M | 8.11M | 6.55M | 4.59M | 2.28M | 6.59M | 3.79M | -0.13M | -2.95M | -3.93M | 5.41M | |||||
| Liabilities and Shareholders Equity (Quarter)Liabilities and Shareholders Equity (Qtr) | 20.08M | 17.56M | 15.06M | 14.13M | 12.31M | 9.57M | 7.53M | 5.29M | 16.05M | 13.58M | 11.27M | 9.76M | 7.06M | 4.31M | 8.90M | 5.91M | 4.28M | 3.25M | 2.29M | 9.48M | |||||
| Retained Earnings (Quarter)Retained Earnings (Qtr) | -69.71M | -72.38M | -75.07M | -77.80M | -81.50M | -85.50M | -0.48M | -0.94M | 104.42M | 104.57M | -1.58M | 112.01M | 112.97M | 113.37M | 122.32M | -116.75M | -4.17M | -123.07M | -125.13M | -2.67M | |||||
| Preferred Shares (Quarter)Preferred Shares (Qtr) | 1.50M |