SmartKem reported revenue of 0.02M and net income of -18.46M for the quarter ended Mar 2026, down 13.0% year over year. This income statement covers 25 quarters of results from Mar 2020 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||
| Revenue (Quarter)Revenue (Qtr) | 0.03M | 0.00M | 0.03M | -0.02M | 0.02M | 0.01M | 0.00M | 0.04M | 0.04M | 0.02M | 0.03M | 0.08M | 0.56M | 0.02M | |||||||||||
| Cost of Revenue (Quarter)Cost of Rev (Qtr) | 0.02M | 0.00M | 0.03M | -0.02M | 0.02M | 0.01M | 0.00M | 0.03M | 0.00M | 0.03M | 0.01M | 0.24M | 0.00M | ||||||||||||
| Gross Profit (Quarter)Gross Profit (Qtr) | 0.01M | 0.00M | 0.00M | -0.00M | 0.00M | 0.00M | 0.01M | 0.04M | 0.02M | 0.00M | 0.08M | 0.32M | 0.02M | ||||||||||||
| Operating items | |||||||||||||||||||||||||
| Research & Development (Quarter)R&D (Qtr) | 1.35M | 1.36M | 1.47M | 1.46M | 1.34M | 1.35M | 1.65M | 1.28M | 1.26M | 1.57M | 1.45M | 1.28M | 1.16M | 1.50M | 1.17M | 1.50M | 2.43M | 2.06M | 1.04M | 0.91M | |||||
| Selling, General & Administrative (Quarter)SG&A (Qtr) | 1.34M | 1.37M | 1.37M | 1.24M | 1.37M | 1.39M | 1.07M | 1.43M | 1.32M | 1.27M | 1.16M | 1.36M | 1.84M | 1.58M | 1.56M | 2.01M | 2.36M | 1.33M | 1.67M | 1.66M | |||||
| Restructuring Costs (Quarter)Restructuring (Qtr) | 0.02M | -0.03M | |||||||||||||||||||||||
| Other Operating Expenses (Quarter)Other Opex (Qtr) | 0.26M | 0.45M | 0.15M | 0.28M | 0.29M | 0.28M | 0.32M | 0.27M | 0.17M | 0.26M | 0.14M | 0.20M | 0.24M | 0.29M | 0.29M | 0.25M | 0.28M | 0.18M | 0.24M | 0.03M | |||||
| Operating Expenses (Quarter)Opex (Qtr) | 2.72M | 2.72M | 2.85M | 2.70M | 2.71M | 2.74M | 2.72M | 2.82M | 2.54M | 2.95M | 2.52M | 2.65M | 3.02M | 3.12M | 2.73M | 3.41M | 4.66M | 3.45M | 2.70M | 2.62M | |||||
| Operating Income (Quarter)Op. Inc (Qtr) | -2.46M | -2.28M | -2.69M | -2.41M | -2.42M | -2.46M | -2.41M | -2.55M | -2.37M | -2.69M | -2.38M | -2.45M | -2.78M | -2.84M | -2.40M | -3.14M | -4.37M | -3.19M | -2.14M | -2.57M | |||||
| EBIT (Quarter)EBIT (Qtr) | -2.46M | -2.28M | -2.69M | -2.41M | -2.42M | -2.46M | -2.41M | -2.55M | -2.37M | -2.69M | -2.38M | -2.45M | -2.78M | -2.84M | -2.40M | -3.14M | -4.37M | -3.19M | -2.14M | -2.57M | |||||
| Non-operating items | |||||||||||||||||||||||||
| Interest & Investment Income (Quarter)Int & Inv Inc (Qtr) | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.01M | 0.00M | ||||||||||||||
| Other Non Operating Income (Quarter)Other Non Op Inc. (Qtr) | 0.06M | -0.39M | -0.01M | -0.35M | -1.28M | -1.49M | 1.35M | 0.50M | 0.53M | -0.79M | 0.96M | -0.01M | -0.24M | -0.29M | 0.97M | 1.97M | -0.73M | -2.53M | -0.37M | ||||||
| Non Operating Income (Quarter)Non Op. Inc. (Qtr) | 0.06M | -0.39M | -0.01M | -0.35M | -1.28M | -1.49M | 1.35M | 0.51M | 0.34M | -0.33M | 1.48M | 0.75M | 0.00M | -0.00M | 0.00M | 0.98M | 1.97M | 0.00M | 0.08M | -16.80M | |||||
| Net income details | |||||||||||||||||||||||||
| EBT (Quarter)EBT (Qtr) | -2.40M | -2.66M | -2.70M | -2.76M | -3.70M | -3.95M | 11.00M | -2.05M | -2.03M | -3.02M | -1.40M | -1.70M | -3.10M | -2.84M | -1.40M | -2.16M | -2.40M | -3.92M | -2.06M | -19.37M | |||||
| Tax Provisions (Quarter)Taxes (Qtr) | 0.00M | -0.03M | 0.00M | -2.19M | |||||||||||||||||||||
| Profit After Tax (Quarter)PAT (Qtr) | -2.40M | -2.66M | -2.81M | -2.76M | -3.70M | -2.84M | -2.19M | -2.05M | -2.03M | -3.02M | -1.40M | -1.70M | -3.10M | -2.72M | -2.22M | -3.14M | -2.40M | -3.12M | -2.00M | -18.46M | |||||
| Income from Continuing Operations (Quarter)Income (Continuing) (Qtr) | -2.40M | -2.66M | -2.70M | -2.76M | -3.70M | -3.95M | 11.00M | -2.05M | -2.03M | -3.02M | -1.40M | -1.70M | -3.10M | -2.84M | -1.40M | -2.13M | -2.40M | -3.92M | 0.13M | -19.37M | |||||
| Consolidated Net Income (Quarter)Consol Net Inc. (Qtr) | -2.40M | -2.66M | -2.70M | -2.76M | -3.70M | -3.95M | 11.00M | -2.05M | -2.03M | -3.02M | -1.40M | -1.70M | -3.10M | -2.84M | -1.40M | -2.13M | -2.40M | -3.92M | 0.13M | -19.37M | |||||
| Income towards Parent Company (Quarter)Parent Net Inc (Qtr) | -2.40M | -2.66M | -2.70M | -2.76M | -3.70M | -3.95M | 11.00M | -2.05M | -2.03M | -3.02M | -1.40M | -1.70M | -3.10M | -2.84M | -1.40M | -2.13M | -2.40M | -3.92M | 0.13M | -19.37M | |||||
| Preferred Dividend Payments (Quarter)Pref Dividends (Qtr) | 7.09M | ||||||||||||||||||||||||
| Net Income towards Common Stockholders (Quarter)Net Income (Qtr) | -2.40M | -2.66M | -2.70M | -2.76M | -3.70M | -3.95M | 11.00M | -2.05M | -2.03M | -3.02M | -1.40M | -8.79M | -3.10M | -2.84M | -1.40M | -2.13M | -2.40M | -3.92M | 0.13M | -19.37M | |||||
| Additional items | |||||||||||||||||||||||||
| EPS (Basic) (Quarter)EPS (Basic) (Qtr) | -3.10 | -3.37 | -3.74 | -3.40 | -4.51 | -4.75 | 13.34 | -2.45 | -1.82 | -1.78 | -1.04 | -3.21 | -0.98 | -0.86 | -0.43 | -0.32 | -0.30 | -0.45 | 0.02 | -1.34 | |||||
| EPS (Diluted) (Quarter)EPS (Diluted) (Qtr) | -3.10 | -3.37 | -3.74 | -3.40 | -4.51 | -4.75 | 13.34 | -2.45 | -1.82 | -1.78 | -1.04 | -3.21 | -0.98 | -0.86 | -0.43 | -0.32 | -0.30 | -0.45 | 0.02 | -1.34 | |||||
| Shares Outstanding (Quarter)Shares Outstanding (Qtr) | 0.77M | 0.79M | 0.72M | 0.81M | 0.82M | 0.83M | 0.82M | 0.84M | 1.11M | 1.70M | 1.34M | 2.74M | 3.16M | 3.31M | 3.26M | 6.65M | 8.07M | 8.78M | 8.16M | 14.44M | |||||
| Shares Outstanding (Diluted) (Quarter)Shares Outstanding (Dil.) (Qtr) | 0.77M | 0.79M | 0.72M | 0.81M | 0.82M | 0.83M | 0.82M | 0.84M | 1.11M | 1.70M | 1.34M | 2.74M | 3.16M | 3.31M | 3.26M | 6.65M | 8.07M | 8.78M | 8.16M | 14.44M | |||||
| Shares Outstanding (Entity) (Quarter)Shares Outstanding (Entity.) (Qtr) | 0.73M | 0.73M | 0.73M | 0.76M | 0.77M | 0.77M | 0.77M | 0.77M | 1.11M | 1.70M | 1.34M | 2.74M | 3.16M | 3.31M | 3.59M | 6.65M | 8.07M | 8.78M | 6.84M | 14.44M | |||||
| EBITDA (Quarter)EBITDA (Qtr) | -2.46M | -2.28M | -2.69M | -2.41M | -2.42M | -2.46M | -2.41M | -2.55M | -2.37M | -2.69M | -2.38M | -2.45M | -2.78M | -2.84M | -2.40M | -3.14M | -4.37M | -3.19M | -2.14M | -2.57M | |||||
| Interest Expenses (Quarter)Int Expense (Qtr) | 0.03M | 0.04M | 0.04M | 0.04M | 0.04M | 0.07M | 0.04M | 0.04M | 0.04M | 0.04M | 0.07M | 0.04M | 0.04M | -0.05M | 0.04M | 0.06M | 0.09M | 0.08M | 0.05M | ||||||
| Tax Rate (Quarter)Tax Rate (Qtr) | -0.03% | 1.16% | -0.04% | 106.47% |