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10-K

Annual Report

SmartKem, Inc. SMTK

0001104659-26-040562

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Filed
Apr 8, 2026 12:00 AM ET
Period of report
Restated figures. One or more values in this filing restate previously reported amounts.

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding FY 2025 · Apr 1, 2026 21.2M sh
Shares Diluted FY 2025 · Dec 31, 2025 8.16M sh
Shares Diluted FY 2025 · Dec 31, 2024 3.26M sh
Capex FY 2025 · Dec 31, 2025 $123K
Capex FY 2025 · Dec 31, 2024 $75K
Operating Cash Flow FY 2025 · Dec 31, 2025 −$7.74M
Operating Cash Flow FY 2025 · Dec 31, 2024 −$8.1M
Cash And Equivalents FY 2025 · Dec 31, 2025 $374K
Cash And Equivalents FY 2025 · Dec 31, 2024 $7.14M
Stockholders Equity FY 2025 · Dec 31, 2025 −$3.93M
Stockholders Equity FY 2025 · Dec 31, 2024 $6.59M
Stockholders Equity FY 2025 · Dec 31, 2023 $8.11M
Current Liabilities FY 2025 · Dec 31, 2025 $5.91M
Current Liabilities FY 2025 · Dec 31, 2024 $2.29M
Total Liabilities FY 2025 · Dec 31, 2025 $6.22M
Total Liabilities FY 2025 · Dec 31, 2024 $2.31M
Current Assets FY 2025 · Dec 31, 2025 $1.5M
Current Assets FY 2025 · Dec 31, 2024 $8.51M
Total Assets FY 2025 · Dec 31, 2025 $2.29M
Total Assets FY 2025 · Dec 31, 2024 $8.9M
Eps Diluted FY 2025 · Dec 31, 2025 −$1.29
Eps Diluted FY 2025 · Dec 31, 2024 −$6.00
Eps Basic FY 2025 · Dec 31, 2025 −$1.29
Eps Basic restated FY 2025 · Dec 31, 2024 −$3.17
Sga Expense FY 2025 · Dec 31, 2025 $7.37M
Sga Expense FY 2025 · Dec 31, 2024 $6.34M
Rd Expense FY 2025 · Dec 31, 2025 $7.02M
Rd Expense FY 2025 · Dec 31, 2024 $5.11M
Net Income FY 2025 · Dec 31, 2025 −$10.51M
Net Income FY 2025 · Dec 31, 2024 −$10.33M
Operating Income FY 2025 · Dec 31, 2025 −$12.84M
Operating Income FY 2025 · Dec 31, 2024 −$10.46M
Gross Profit FY 2025 · Dec 31, 2025 $425K
Gross Profit FY 2025 · Dec 31, 2024 $50K
Cost Of Revenue FY 2025 · Dec 31, 2025 $272K
Cost Of Revenue FY 2025 · Dec 31, 2024 $32K
Revenue FY 2025 · Dec 31, 2025 $697K
Revenue FY 2025 · Dec 31, 2024 $82K