Saturday 17 October 2026
Export SMTK’s income statement to Excel — free account
SmartKem, Inc.
SMTK Technology Semiconductor Equipment & Materials
SmartKem, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $697,000.00, up 750.0% from fiscal 2024. In the quarter to June 2026, revenue fell 13.0%, EPS grew 53.3% and free cash flow grew 34.6%, each against the same quarter a year earlier.
0.53
0.11
−17.19%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | 700.00 | 75.00 | 100.50 | 29.25 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | 7,000.00 | 1,662.50 | 950.00 | 212.50 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 44 | 55 | 31 | 29 | 29 | ||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 1 | ||||
| Gross margin, % | — | — | — | — | 41.49 | 55.56 | 17.50 | 14.81 | 60.98 | 60.98 | |||||
| EBT | — | — | — | — | (23) | (17) | (11) | (8) | (10) | (11) | |||||
| EBT margin, % | — | — | — | — | (24,609.57) | (95,144.44) | (28,677.50) | (31,477.78) | (12,596.34) | (1,511.19) | |||||
| Net income | — | — | — | — | (23) | (17) | (11) | (8) | (10) | (11) | |||||
| Depreciation | — | — | — | — | 0 | 0 | 0 | 0 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.37 | 0.04 | 2.41 | 1.00 | 1.26 | 4.27 | ||||
| Earnings | — | — | — | — | (90.21) | (33.94) | (694.22) | (315.97) | (300.00) | (64.50) | |||||
| Cash flow | — | — | — | — | (15.92) | (19.27) | (545.12) | (298.77) | (124.17) | (47.43) | |||||
| Capex | — | — | — | — | (0.46) | (0.68) | (4.76) | (0.67) | (1.15) | (0.75) | |||||
| Free cash flow | — | — | — | — | (16.38) | (19.95) | (549.88) | (299.44) | (125.32) | (48.19) | |||||
| Book value | — | — | — | — | 7.22 | 26.79 | 354.40 | 301.60 | 101.09 | (24.12) | |||||
| Shares, m | — | — | — | — | 0 | 1 | 0 | 0 | 0 | 0 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | 0.00 | 0.00 | 435.75 | 288.93 | 111.22 | 12.46 | |||||
| P/B | — | — | — | — | 163.29 | 163.29 | 2.96 | 0.96 | 1.43 | 0.00 | |||||
| EV/Sales | — | — | — | — | 0.00 | 0.00 | 329.88 | (38.33) | 27.21 | 11.92 | |||||
| EV/FCF | — | — | — | — | (217.47) | (217.47) | (1.45) | 0.13 | (0.28) | (1.05) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (4) | (10) | (9) | (8) | (8) | (8) | ||||
| Capex | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Free cash flow | — | — | — | — | (4) | (10) | (9) | (8) | (8) | (8) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 1 | 13 | 5 | 9 | 6 | (4) | ||||
| Total debt | — | — | — | — | — | — | — | — | — | — | |||||
| Net debt | — | — | — | — | (1) | (12) | (4) | (9) | (7) | 0 | |||||
| Shareholders’ equity | — | — | — | — | 2 | 14 | 6 | 8 | 7 | (4) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | (190.19) | (101.79) | (90.43) | (193.83) | (187.79) | ||||
| ROIC | — | — | — | — | (261.61) | (786.17) | (367.64) | 0.00 | 0.00 | 0.00 | |||||
| ROE | — | — | — | — | 0.00 | (222.81) | (118.47) | (121.45) | (265.97) | (791.04) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Mar 2026
Charts ten years each
SmartKem, Inc. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| UCTT Ultra Clean Holdings, Inc. | $2.5B | — (loss-making) | 98.9× | +24.31% (above 0%: growing) | n/m | −558.40% (below 0%: shrinking) | 16.08% | 4.57% | Compare |
| AEHR Aehr Test Systems | $2.3B | — (loss-making) | — (loss-making) | +33.69% (above 0%: growing) | n/m | +133.16% (above 0%: growing) | 42.57% | (6.40%) | Compare |
| ICHR Ichor Holdings, Ltd. | $1.8B | — (loss-making) | 93.0× | +22.68% (above 0%: growing) | n/m | −59.76% (below 0%: shrinking) | 13.90% | 2.44% | Compare |
| PLAB Photronics, Inc. | $1.7B | 9.7× | 14.0× | +2.69% (above 0%: growing) | +25.00% (above 0%: growing) | +56.06% (above 0%: growing) | 33.20% | 21.06% | Compare |
| ASYS Amtech Systems, Inc. | $235.5M | 47.9× | 57.8× | +14.45% (above 0%: growing) | +1,386.49% (above 0%: growing) | −47.84% (below 0%: shrinking) | 50.01% | 9.86% | Compare |
| INTT inTest Corporation | $167.1M | 107× | 55.7× | +25.54% (above 0%: growing) | n/m | +614.26% (above 0%: growing) | 40.49% | 1.03% | Compare |
| ATOM Atomera Incorporated | $129.8M | — (loss-making) | — (loss-making) | +3,850.00% (above 0%: growing) | n/m | −11.32% (below 0%: shrinking) | 83.54% | (4,277.85%) | Compare |
| TRT Trio-Tech International | $53.7M | — (loss-making) | — (loss-making) | +39.92% (above 0%: growing) | n/m | +118.83% (above 0%: growing) | 18.61% | (1.78%) | Compare |
| SMTK SmartKem, Inc. | $660.0K | — (loss-making) | — | −13.04% (below 0%: shrinking) | n/m | +34.57% (above 0%: growing) | 80.00% | 0.00% | |
| Median of peers | $957.7M | 47.9× | 57.8× | +24.93% | — | +22.37% | 36.85% | 1.74% |
SmartKem, Inc. (SMTK) key facts
- Strength: SmartKem, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $697,000.00, up 750.0% from fiscal 2024.
- SmartKem, Inc. (SMTK) is a Semiconductor Equipment & Materials company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, SMTK traded at $0.53, a market capitalization of $660,000.00.
- Return on equity was −791.0% and debt-to-equity 0.00.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −96.25 (distress zone) for fiscal 2025.