---
title: "SmartKem, Inc. FY 2025: Revenue $697K, EPS $-1.29 — 10-K Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282018231.md"
description: "SmartKem, Inc. reported FY 2025 revenue of $697K, a 750% increase from the previous year, despite a net loss of $10.51M (EPS of $-1.29). The revenue growth was attributed to demonstrator product sales and joint development agreements. R&D spending rose to $7.0M to support product development. Cash reserves decreased to $0.4M, prompting management to seek additional capital for operations and commercialization efforts."
datetime: "2026-04-08T10:05:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282018231.md)
  - [en](https://longbridge.com/en/news/282018231.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282018231.md)
---

# SmartKem, Inc. FY 2025: Revenue $697K, EPS $-1.29 — 10-K Summary

SmartKem, Inc. reported fiscal 2025 revenue of $697K and a net loss of $10.51M (diluted EPS of $-1.29), marking revenue growth versus the prior year but a continued net loss as the company advances product development and commercialization efforts.

**Financial Highlights**

Metric

Current year

Prior year

YoY change

Revenue1

$697.00K

$82.00K

+750.0%

Net income2

$-10.51M

$-19.55M

+46.3%

Diluted EPS3

$-1.29

$-6.00

+78.5%

1 Reported as “Revenue”. 2 Reported as “Net loss attributed to common stockholders”. 3 Reported as “loss per common share”.

**Business Highlights**

-   Revenue growth to $697K was driven by demonstrator product sales and completion of joint development agreements.
-   Increased R&D spending to approximately $7.0M to support ramped prototyping and product development toward commercialization.
-   Operational footprint maintained with a UK R&D center and a Taiwan field office supporting global development, prototyping and customer support.
-   Cash declined to about $0.4M; management plans to seek additional capital to sustain operations and commercialization activities.

Original SEC Filing: SmartKem, Inc. \[ SMTK \] - 10-K - Apr. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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