SMTK · SmartKem, Inc.
Substantial doubt about the company's ability to continue as a going concern.
“There is substantial doubt that the Company will be able to pay its obligations as they fall due, and this substantial doubt is not alleviated by management plans.”View the 10-Q filed May 20, 2026
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| $694K | $697K | $82K | $27K | $40K | $18K | $94K | |
| $275K | $272K | $32K | $23K | $33K | $8000 | $55K | |
| $419K | $425K | $50K | $4000 | $7000 | $10K | $39K | |
| — | 60.98% | 60.98% | 14.81% | 17.5% | 55.56% | 41.49% | |
| $6.43M | $7.02M | $5.11M | $5.56M | $5.8M | $8.2M | $4.32M | |
| $1.13M | — | — | — | — | $749K | $96K | |
| — | — | — | — | — | — | $21.06K | |
| $7.03M | $7.37M | $6.34M | $5.19M | $5.07M | $8.07M | $1.71M | |
| $13.42M | $14.21M | $11.53M | $10.83M | $10.87M | $17.6M | $6.03M | |
| -$12.27M | -$12.84M | -$10.46M | -$9.99M | -$9.69M | -$16.3M | -$4.55M | |
| — | -1841.46% | -12760.98% | -37003.7% | -24235% | -90566.67% | -4840.43% | |
| — | — | — | — | — | $19K | $6.84M | |
| -$15.47M | $2.3M | $135K | $1.49M | -$1.78M | -$824K | -$18.58M | |
| -$27.74M | -$10.53M | -$10.33M | -$8.5M | -$11.47M | -$17.13M | -$23.13M | |
| — | -$24K | $1000 | — | $24K | — | — | |
| -$27.74M | -$10.51M | -$10.33M | -$8.5M | -$11.5M | -$17.13M | -$23.13M | |
| — | -1507.75% | -12597.56% | -31477.78% | -28737.5% | -95144.44% | -24609.57% | |
| — | -$10.51M | -$19.55M | -$8.5M | — | — | — | |
| USD/shares | — | -$1.29 | -$3.17 | -$6.32 | -$13.88 | -$0.68 | -$1.80 |
| USD/shares | — | -$1.29 | -$6.00 | -$6.32 | -$13.88 | -$0.68 | -$1.80 |
| shares | — | 8.16M | 3.26M | 1.34M | 827.91K | 25.23M | 12.82M |
| shares | — | 8.16M | 3.26M | 1.34M | 827.91K | 25.23M | 12.82M |
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 8 similar-size Semiconductor Equipment & Materials companies (of 29 listed).
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Semiconductor Materials Segment | $697,000 | $82,000 | $27,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 |
|---|---|---|
| Materials | $147,000 | $40,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Semiconductor Materials Segment | -$12,835,000 | -$10,464,000 | -$9,991,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Semiconductor Materials Segment | -1841.5% | -12761% | -37003.7% |