SmartKem annual operating expenses
2020
2021
2022
2023
2024
2025
SmartKem Operating Expenses Growth & History (SMTK)
SmartKem's operating expenses was $14.2M for fiscal 2025.
View full SmartKem company overviewSmartKem annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $14.2M | $2.7M | +23.24% |
| 2024 | 2024-12-31 | $11.5M | $700,000 | +6.46% |
| 2023 | 2023-12-31 | $10.8M | −$42,000 | −0.39% |
| 2022 | 2022-12-31 | $10.9M | −$6.7M | −38.21% |
| 2021 | 2021-12-31 | $17.6M | $11.6M | +192.02% |
| 2020 | 2020-12-31 | $6.0M | — | — |
SmartKem quarterly operating expenses
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.4M | −$3.3M | −69.95% |
| Q1 2026 | 2026-03-31 | $2.6M | −$788,000 | −23.10% |
| Q4 2025 | 2025-12-31 | $2.7M | −$35,000 | −1.28% |
| Q3 2025 | 2025-09-30 | $3.4M | $321,000 | +10.27% |
| Q2 2025 | 2025-06-30 | $4.7M | $1.6M | +54.09% |
| Q1 2025 | 2025-03-31 | $3.4M | $760,000 | +28.67% |
| Q4 2024 | 2024-12-31 | $2.7M | $218,000 | +8.66% |
| Q3 2024 | 2024-09-30 | $3.1M | $171,000 | +5.79% |
| Q2 2024 | 2024-06-30 | $3.0M | $483,000 | +19.03% |
| Q1 2024 | 2024-03-31 | $2.7M | −$172,000 | −6.09% |
| Q4 2023 | 2023-12-31 | $2.5M | −$206,000 | −7.57% |
| Q3 2023 | 2023-09-30 | $3.0M | $216,000 | +7.89% |
| Q2 2023 | 2023-06-30 | $2.5M | −$176,000 | −6.48% |
| Q1 2023 | 2023-03-31 | $2.8M | $124,000 | +4.59% |
| Q4 2022 | 2022-12-31 | $2.7M | −$125,000 | −4.39% |
| Q3 2022 | 2022-09-30 | $2.7M | $14,000 | +0.51% |
| Q2 2022 | 2022-06-30 | $2.7M | −$2,000 | −0.07% |
| Q1 2022 | 2022-03-31 | $2.7M | −$6.6M | −71.01% |
| Q4 2021 | 2021-12-31 | $2.8M | $1.1M | +62.46% |
| Q3 2021 | 2021-09-30 | $2.7M | $1.3M | +95.41% |
| Q2 2021 | 2021-06-30 | $2.7M | $1.5M | +118.72% |
| Q1 2021 | 2021-03-31 | $9.3M | $7.7M | +468.46% |
| Q4 2020 | 2020-12-31 | $1.8M | — | — |
| Q3 2020 | 2020-09-30 | $1.4M | — | — |
| Q2 2020 | 2020-06-30 | $1.2M | — | — |
| Q1 2020 | 2020-03-31 | $1.6M | — | — |
SmartKem operating expenses trends
Over the last five fiscal years, SmartKem's operating expenses increased from $6.0M to $14.2M, a change of $8.2M. The latest reported quarter, Q2 2026, shows $1.4M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review SmartKem source filings ↗