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How SmartKem, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$697000 · 100%Cost of revenue$272000 · 39%Gross profit$425000 · 61%Operating income−$12.8M · −1841%Income before tax−$10.5M · −1511%Income tax−$24000 · −3%Net income−$10.5M · −1508%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$697000100%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-040562 · filed Apr 8, 2026
Cost of revenue$27200039%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-040562 · filed Apr 8, 2026
$42500061%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-040562 · filed Apr 8, 2026
−$12.8M−1841%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-040562 · filed Apr 8, 2026
Income before tax−$10.5M−1511%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-040562 · filed Apr 8, 2026
Income tax−$24000−3%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-040562 · filed Apr 8, 2026
−$10.5M−1508%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-040562 · filed Apr 8, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-040562 · filed Apr 8, 2026
· event Dec 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
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