Friday 6 November 2026 Export XXII’s income statement to Excel — free account

22nd Century Group, Inc

22nd Century Group, Inc’s revenue for fiscal 2025 (year ended December 2025) was $17.6 million, down 27.9% from fiscal 2024.

Revenue: −29.9%
EPS: +96.9%
Free cash flow: −57.4%
Total debt: −88.6%

Quarter to June 2026, against a year earlier

1.89 1.85 +4,625.00%

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Market cap: $640.0K
P/E: 0.0×
Fwd P/E: −0.6×
Dividend yield: —
F-score: 4/9
Altman Z: −20.82
Beneish M: n/a
Dividend safety: n/a

Overview

Insider Decisions last twelve months

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Size

Market Cap 0.64

Revenue ttm 14.52

Net income ttm (3.93)

Free cash flow ttm (9.52)

Net debt Q (5.61)

Valuation

P/E 0.00

Forward P/E (0.61)

Price / sales 0.03

Forward P/S Powerpack

Price / FCF 0.00

Price / book 0.02

Financial health

Current ratio Q 2.61

Debt / equity Q 0.02

Interest coverage Q (193.59)

Growth

Revenue growth Q −29.86%

Operating income growth Q −10.40%

EPS, this year +99.98%

EPS, next year A +90.00%

Revenue, next year A +84.80%

EPS, past 5 yrs —

EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 4.56%

10-year low 10-year high

P/B against its own 10 years 2.98%

10-year low 10-year high

Dividends

Yield: —
Annual rate: —
Payout ratio: —

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2	4	7	6
Receivables	2	2	4	4
Inventory	4	2	4	5
Other	4	1	—	—
	16	12	18	17

	2023	2024	2025	Q'26
Payables	4	2	1	1
ST’ Debt	6	2	—	—
Other	2	0	2	1
	25	10	7	6

Compound Annual Growth %

	10y	5y	3y
Sales	7.51%	(8.95%)	(24.27%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	4.66%	(15.96%)	(42.24%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY25 Estimate −7,582.42 Actual −13,027.97

−23,994,323.34 −17,215,461.77 −10,436,600.21 −3,657,738.65 3,121,122.92

Q2 FY23 Miss −5,216,405.00

Q3 FY23 Beat +1,937,523.00

Q1 FY24 Beat +3,316,143.12

Q1 FY25 Miss −5,445.55

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q2 FY23	−15,649,213.00	−20,865,618.00	Miss by 5,216,405.00
Q3 FY23	−13,562,652.00	−11,625,129.00	Beat by 1,937,523.00
Q1 FY24	−4,918,324.50	−1,602,181.38	Beat by 3,316,143.12
Q1 FY25	−7,582.42	−13,027.97	Miss by 5,445.55

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(361.60)	(104.00)	—	—	—
’25	(16.77k)	(3.39k)	(83.96)	(315.30)	(1.06k)
’24	(2.74m)	(195.62k)	(528.08k)	1.41m	(914.22k)
’23	(17.88m)	(20.87m)	(60.75)	(17.14m)	(109.89m)
’22	(0.05)	(0.95)	(0.94)	(26.81m)	(4.65)
’21	(0.03)	(0.03)	(0.06)	(0.09)	(0.21)
’20	(0.03)	(0.04)	(0.03)	(0.05)	(0.14)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4	3	—	—	—
’25	6	4	4	4	18
’24	6	8	6	4	24
’23	9	8	8	7	32
’22	9	14	19	(2)	41
’21	7	8	8	8	31
’20	7	6	7	7	28

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	(4)	—	—	—
’25	(3)	(3)	(4)	3	(8)
’24	(2)	(5)	(3)	(4)	(14)
’23	(17)	(20)	(13)	(5)	(55)
’22	(8)	(12)	(13)	(19)	(52)
’21	(4)	(8)	(6)	(5)	(23)
’20	(5)	(7)	(1)	(3)	(16)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(3)	(4)	—	—	—
’25	(3)	(3)	(4)	2	(8)
’24	(2)	(5)	(3)	(4)	(14)
’23	(19)	(21)	(14)	(6)	(60)
’22	(8)	(13)	(14)	(20)	(56)
’21	(4)	(9)	(6)	(5)	(24)
’20	(5)	(7)	(1)	(3)	(16)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM Jun ’26	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	12	17	26	26	28	31	41	32	24	18	15		+4.1%	33	—	—	+84.8%
	Gross margin, %	(3.50)	(4.26)	3.40	0.06	5.12	4.80	4.56	(27.00)	(9.84)	(17.84)	(19.44)		(14.3) pt	Powerpack 22nd Century Group, Inc’s next three years, line by line Analysts expect revenue to grow 84.8% a year to 2028 — faster than the 4.1% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	(12)	(13)	(8)	(27)	(20)	(33)	(37)	(55)	(15)	(13)	(13)		+1.4%
	EBT margin, %	(94.31)	(78.49)	(30.15)	(102.81)	(69.98)	(105.32)	(90.20)	(169.67)	(63.43)	(74.74)	(88.34)		+19.6 pt
	Net income	(12)	(13)	(8)	(27)	(20)	(33)	(60)	(141)	(15)	(5)	(4)		(8.8%)
Per share, $
Per share, $	Revenue	0.15	0.16	0.21	0.21	0.20	0.20	3.15	23,472,303.21	875,475.76	1,911.63	69.39		+185.1%
	Earnings	(0.15)	(0.13)	(0.06)	(0.21)	(0.14)	(0.21)	(4.65)	(109,889,331.00)	(914,221.00)	(1,057.40)	(316.13)		+168.6%
	Cash flow	(0.12)	(0.12)	(0.14)	(0.12)	(0.11)	(0.15)	(4.02)	(40,077,988.34)	(515,080.79)	(839.46)	(39.97)		+166.5%
	Capex	(0.01)	(0.02)	(0.01)	(0.01)	0.00	(0.01)	(0.31)	(3,887,755.10)	(4,991.02)	(11.41)	(5.54)		+127.8%
	Free cash flow	(0.13)	(0.14)	(0.15)	(0.12)	(0.12)	(0.15)	(4.34)	(43,965,743.44)	(520,071.81)	(850.87)	(45.51)		+165.3%
	Book value	0.30	0.75	0.57	0.49	0.32	0.42	7.47	(6,129,737.61)	144,057.45	2,010.00	89.11		+165.7%
	Shares, m	80	101	124	126	139	156	13	0	0	0	0		(63.5%)
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00		0.0
	P/S	1,584,379,004.66	4,373,169,402.06	2,618,361,699.34	1,198,337,158.98	2,428,681,847.53	3,486,769,625.95	64,647,630.62	0.00	0.00	0.12	0.03		1,575,434,636.9
	P/B	799,533,753.75	962,476,222.12	970,713,215.23	498,898,369.51	1,547,782,258.35	1,633,146,871.45	27,280,997.01	0.00	0.00	0.13	0.02		643,983,168.8
	EV/Sales	1,584,379,003.60	4,373,169,398.32	2,618,361,697.25	1,198,337,157.52	2,428,681,846.78	3,486,769,624.45	64,647,630.23	0.37	0.09	(0.07)	(0.14)		1,575,434,635.9
	EV/FCF	(1,863,386,184.12)	(5,308,465,793.78)	(3,651,143,803.04)	(1,995,400,527.92)	(4,230,815,851.44)	(4,513,113,606.75)	(46,978,391.50)	(0.20)	(0.15)	0.17	0.21		(2,160,930,415.9)
Cash, $m
Cash, $m	Operating cash flow	(10)	(12)	(18)	(15)	(16)	(23)	(52)	(55)	(14)	(8)	(8)		(2.7%)
	Capex	(1)	(2)	(1)	(1)	(1)	(1)	(4)	(5)	0	0	(1)		(16.9%)
	Free cash flow	(10)	(14)	(19)	(16)	(16)	(24)	(56)	(60)	(14)	(8)	(10)		(3.2%)
Balance, $m
Balance, $m	Working capital	14	63	56	37	21	46	32	(9)	2	10	10		(2.9%)
	Net debt	(13)	(63)	(55)	(38)	(22)	(46)	(16)	12	2	(7)	(6)		(7.3%)
	Shareholders’ equity	24	75	71	62	44	66	96	(8)	4	18	19		(3.0%)
Returns, %
Returns, %	ROA	(50.34)	(24.27)	(10.15)	(36.32)	(32.68)	(51.09)	(62.75)	(212.12)	(103.57)	(39.97)	(142.23)		+10.4 pt
	ROIC	(63.70)	(64.99)	(91.18)	(60.91)	(53.16)	(90.26)	(26.22)	(816.81)	(139.39)	(61.02)	(59.22)		+2.7 pt
	ROE	(64.23)	(26.12)	(10.86)	(39.84)	(37.13)	(59.19)	(73.81)	(344.35)	1,158.12	(98.46)	(284.50)		(34.2) pt
People
People	Employees	46	79	82	67	67	76	198	64	56	32	—		(4.0%)
	Revenue/emp, $m	0.27	0.21	0.32	0.39	0.42	0.41	0.20	0.50	0.44	0.55	—		+8.4%

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MO Altria Group, Inc.	$129.1B	16.1×	14.1×	+0.99% (above 0%: growing)	+6.83% (above 0%: growing)	−1.35% (below 0%: shrinking)	64.27%	54.03%	Compare
RLX RLX Technology Inc. Sponsored ADR	$1.5B	15.3×	12.2×	+21.90% (above 0%: growing)	+30.00% (above 0%: growing)	−129.25% (below 0%: shrinking)	39.03%	14.22%	Compare
TPB Turning Point Brands, Inc.	$1.4B	28.4×	55.2×	+22.57% (above 0%: growing)	−77.78% (below 0%: shrinking)	+235.11% (above 0%: growing)	65.55%	11.69%	Compare
AIIR Air Global PLC	$1.2B	285×	—	—	n/m	−487.91% (below 0%: shrinking)	56.58%	(46.44%)	Compare
UVV Universal Corporation	$1.0B	— (loss-making)	13.0×	−17.55% (below 0%: shrinking)	−63.24% (below 0%: shrinking)	−551.15% (below 0%: shrinking)	17.29%	6.86%	Compare
ISPR Ispire Technology Inc.	$82.6M	— (loss-making)	— (loss-making)	+32.55% (above 0%: growing)	n/m	−26.12% (below 0%: shrinking)	6.32%	(50.72%)	Compare
RYM RYTHM, Inc.	$35.4M	5.1×	— (loss-making)	+490.08% (above 0%: growing)	n/m	+217.62% (above 0%: growing)	0.00%	0.00%	Compare
GNLN Greenlane Holdings, Inc.	$850.0K	— (loss-making)	— (loss-making)	−50.38% (below 0%: shrinking)	n/m	+23.77% (above 0%: growing)	87.21%	(839.90%)	Compare
XXII 22nd Century Group, Inc	$640.0K	— (loss-making)	— (loss-making)	−29.86% (below 0%: shrinking)	n/m	−57.41% (below 0%: shrinking)	(10.23%)	(114.91%)
Median of peers	$1.1B	16.1×	13.6×	+21.90%	−28.20%	−13.73%	47.81%	3.43%

All 11 Tobacco stocks →

Pay and ownership Proxy statement filed 23 June 2026

Ownership

Directors and executive officers, together less than 1%

Anson Funds Management LP 9.99%

Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

22nd Century Group, Inc (XXII) Latest News

29 Oct

Impact 4 · 4:30 PM · GlobeNewswire

22nd Century Signs Groundbreaking Agreement with Gopuff

28 Oct

Impact 4 · 4:36 PM · GlobeNewswire

22nd Century Group Expands Pinnacle Brand Into 13 Newly Authorized States, Adding an Expected 360 Stores Nationwide for Pinnacle VLN® and Pinnacle Pure

Impact 3 · 5:07 PM · GlobeNewswire

22nd Century Announces Receipt of $9.5 Million from Settlement of Insurance Claim

26 Oct

Impact 4 · 7:37 AM · GlobeNewswire

22nd Century Expands the Pinnacle Pure Portfolio To 6 SKU’s With Addition of 100’s and Menthol Varieties

22 Oct

Impact 4 · 10:35 AM · GlobeNewswire

22nd Century Group Preliminarily Reports Third Quarter Financial Results

15 Oct

Impact 4 · 4:30 PM · GlobeNewswire

22nd Century Same Store Unit Sales for Pinnacle VLN® and Pinnacle Pure Surge 161%

28 Sep

Impact 4 · 9:15 AM · GlobeNewswire

22nd Century Group's Reduced-Nicotine Tobacco Platform Positioned to Support France's Nicotine-Reduction Initiative

24 Sep

Impact 4 · 5:42 PM · GlobeNewswire

22nd Century Group Urges Policymakers and FDA to Enact and Implement the Reduced Nicotine Content Standard, Citing Years Without a Final Rule

1 Sep

Impact 3 · 8:00 AM

22nd Century CEO & Chairman Larry Firestone: Improved Gross Margin, ~5,000 Retail Outlets and >$50B Market Opportunity Highlight Mid-Year Stockholder Letter

13 Aug

Impact 4 · 7:09 PM transcript

22nd Century Group Inc (XXII) (Q2 2026) Earnings Call Highlights: Strategic Shift Toward ...

Impact 3 · 6:00 AM

22nd Century Group Reports Second Quarter 2026 Financial Results

21 May

Impact 4 · 7:00 AM · GlobeNewswire

22nd Century Group (Nasdaq: XXII) Launches Pinnacle VLN® Trial in California, Opening Another Major New State for Reduced-Nicotine Cigarettes

18 May

Impact 4 · 9:00 AM · GlobeNewswire

22nd Century Group (Nasdaq: XXII) Expands High-Margin Pinnacle Platform With Launch of Pinnacle Pure at Major U.S. Retailers

15 May

Impact 4 · 8:37 AM · GlobeNewswire

22nd Century Group (Nasdaq: XXII) Ignites Major VLN® Retail Expansion in Metro New York and Northern New Jersey Under Pinnacle Brand

12 May

Impact 4 · 1:50 PM · GlobeNewswire

22nd Century Group, Inc. Highlights FDA Filing of VLN® MRTP Renewal Applications for Scientific Review

8 May

Impact 4 · 8:30 AM · Moby

22nd Century Group, Inc. Q1 2026 Earnings Call Summary

7 May

Impact 3 · 6:00 AM · GlobeNewswire

22nd Century Group Reports First Quarter 2026 Financial Results

29 Apr

Impact 4 · 4:35 PM · GlobeNewswire

22nd Century Group Shares 2026 Vision for VLN® Product Growth and Tobacco Harm Reduction Leadership

23 Apr

Impact 4 · 7:50 AM · GlobeNewswire

22nd Century Group Expands Reduced Nicotine Platform Through New Testing Services Agreement with North Carolina State University

7 Apr

Impact 4 · 8:00 AM · GlobeNewswire

22nd Century Advances Reduced Nicotine Product to Target Approximately Half of the ~$82 Billion U.S. Cigarette Market with 100mm VLN® Product Initiative

26 Mar

Impact 4 · 3:00 PM · GuruFocus.com

22nd Century Group Inc (XXII) Q4 2025 Earnings Call Highlights: Strategic Shift Fuels Growth ...

Impact 4 · 6:00 AM · GlobeNewswire

22nd Century Group Reports Fourth Quarter and Full Year 2025 Financial Results

23 Feb

Impact 3 · 5:07 PM · GlobeNewswireSimply Wall St.

22nd Century Group Reports Continued Early Sales Momentum for VLN® Cigarette Products

20 Feb

Impact 4 · 4:15 PM · GlobeNewswire

22nd Century Group Preliminarily Reports Fourth Quarter and Full Year 2025 Financial Results

15 Jan

Impact 4 · 9:00 AM · GlobeNewswire

22nd Century CEO & Chairman Larry Firestone Provides 2025 Year-in-Review Letter to Stockholders

6 Jan

Impact 4 · 6:10 AM · GlobeNewswire

22nd Century Files VLN® MRTP Renewal – Only Combustible Tobacco Product Authorized by the FDA Specifically to Help Smokers Smoke Less

26 Nov

Impact 3 · 10:21 AM · Newsfile

Emerging Growth Research Releases Q3 2025 Update Report on 22nd Century Group

5 Nov

Impact 4 · 12:13 AM · GuruFocus.com

22nd Century Group Inc (XXII) Q3 2025 Earnings Call Highlights: Strategic Shifts and Financial ...

4 Nov

Impact 4 · 6:24 AM · Associated Press Finance

22nd Century: Q3 Earnings Snapshot

Impact 4 · 6:00 AM

22nd Century Group Reports Third Quarter 2025 Financial Results

Insider Decisions last twelve months

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

Earnings Trends EPS, adjusted, against the consensus

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

22nd Century Group, Inc vs peers in Tobacco (Q) = latest quarter vs a year earlier

Pay and ownership Proxy statement filed 23 June 2026

Ownership

22nd Century Group, Inc (XXII) Latest News

29 Oct

28 Oct

26 Oct

22 Oct

15 Oct

28 Sep

24 Sep

1 Sep

13 Aug

21 May

18 May

15 May

12 May

8 May

7 May

29 Apr

23 Apr

7 Apr

26 Mar

23 Feb

20 Feb

15 Jan

6 Jan

26 Nov

5 Nov

4 Nov

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