SmartKem annual gross margin
2020
2021
2022
2023
2024
2025
SmartKem Gross Margin Growth & History (SMTK)
SmartKem's gross margin was 60.98% for fiscal 2025.
View full SmartKem company overviewSmartKem annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 60.98% | 0.00 pp |
| 2024 | 2024-12-31 | 60.98% | +46.16 pp |
| 2023 | 2023-12-31 | 14.81% | −2.69 pp |
| 2022 | 2022-12-31 | 17.50% | −38.06 pp |
| 2021 | 2021-12-31 | 55.56% | +14.07 pp |
| 2020 | 2020-12-31 | 41.49% | — |
SmartKem quarterly gross margin
Q1.20
Q3.20
Q4.20
Q1.22
Q2.22
Q3.22
Q2.23
Q3.23
Q2.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 80.00% | −15.65 pp |
| Q4 2025 | 2025-12-31 | 57.58% | +37.58 pp |
| Q3 2025 | 2025-09-30 | 93.83% | +27.16 pp |
| Q2 2025 | 2025-06-30 | 12.50% | −12.50 pp |
| Q1 2025 | 2025-03-31 | 95.65% | +84.11 pp |
| Q2 2024 | 2024-06-30 | 20.00% | −30.00 pp |
| Q3 2023 | 2023-09-30 | 66.67% | +43.33 pp |
| Q2 2023 | 2023-06-30 | 25.00% | −3.32 pp |
| Q3 2022 | 2022-09-30 | 11.54% | −36.46 pp |
| Q2 2022 | 2022-06-30 | 50.00% | +9.45 pp |
| Q1 2022 | 2022-03-31 | 23.33% | — |
| Q4 2020 | 2020-12-31 | 28.32% | — |
| Q3 2020 | 2020-09-30 | 48.00% | — |
| Q1 2020 | 2020-03-31 | 40.55% | — |
SmartKem gross margin trends
Over the last five reported fiscal years, SmartKem's gross margin increased from 41.49% to 60.98%, a change of +19.49 percentage points. The latest reported quarter, Q1 2026, shows 80.00%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review SmartKem filings at SEC.gov ↗