SmartKem annual r&d spending
2020
2021
2022
2023
2024
2025
SmartKem R&D Spending Growth & History (SMTK)
SmartKem's r&d spending was $7.0M for fiscal 2025.
View full SmartKem company overviewSmartKem annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.0M | $1.9M | +37.29% |
| 2024 | 2024-12-31 | $5.1M | −$445,000 | −8.01% |
| 2023 | 2023-12-31 | $5.6M | −$246,000 | −4.24% |
| 2022 | 2022-12-31 | $5.8M | −$2.4M | −29.24% |
| 2021 | 2021-12-31 | $8.2M | $3.9M | +89.84% |
| 2020 | 2020-12-31 | $4.3M | — | — |
SmartKem quarterly r&d spending
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $703,000 | −$1.7M | −71.02% |
| Q1 2026 | 2026-03-31 | $913,000 | −$584,000 | −39.01% |
| Q4 2025 | 2025-12-31 | $1.0M | −$135,000 | −11.51% |
| Q3 2025 | 2025-09-30 | $2.1M | $552,000 | +36.70% |
| Q2 2025 | 2025-06-30 | $2.4M | $1.3M | +109.50% |
| Q1 2025 | 2025-03-31 | $1.5M | $221,000 | +17.32% |
| Q4 2024 | 2024-12-31 | $1.2M | −$279,000 | −19.21% |
| Q3 2024 | 2024-09-30 | $1.5M | −$64,000 | −4.08% |
| Q2 2024 | 2024-06-30 | $1.2M | −$99,000 | −7.88% |
| Q1 2024 | 2024-03-31 | $1.3M | −$3,000 | −0.23% |
| Q4 2023 | 2023-12-31 | $1.5M | −$201,000 | −12.16% |
| Q3 2023 | 2023-09-30 | $1.6M | $222,000 | +16.49% |
| Q2 2023 | 2023-06-30 | $1.3M | −$87,000 | −6.47% |
| Q1 2023 | 2023-03-31 | $1.3M | −$180,000 | −12.34% |
| Q4 2022 | 2022-12-31 | $1.7M | $178,000 | +12.07% |
| Q3 2022 | 2022-09-30 | $1.3M | −$10,000 | −0.74% |
| Q2 2022 | 2022-06-30 | $1.3M | −$11,000 | −0.81% |
| Q1 2022 | 2022-03-31 | $1.5M | −$2.6M | −63.64% |
| Q4 2021 | 2021-12-31 | $1.5M | $368,638 | +33.32% |
| Q3 2021 | 2021-09-30 | $1.4M | $254,000 | +23.05% |
| Q2 2021 | 2021-06-30 | $1.4M | $356,015 | +35.64% |
| Q1 2021 | 2021-03-31 | $4.0M | $2.9M | +260.99% |
| Q4 2020 | 2020-12-31 | $1.1M | — | — |
| Q3 2020 | 2020-09-30 | $1.1M | — | — |
| Q2 2020 | 2020-06-30 | $998,985 | — | — |
| Q1 2020 | 2020-03-31 | $1.1M | — | — |
SmartKem r&d spending trends
Over the last five fiscal years, SmartKem's r&d spending increased from $4.3M to $7.0M, a change of $2.7M. The latest reported quarter, Q2 2026, shows $703,000.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review SmartKem source filings ↗