Quick Answer
SmartKem, Inc. reported R&D Expense of $5.11 million for fiscal year 2024.
SmartKem, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $5.11M | -8.0% |
| 2023 | $5.56M | -4.2% |
| 2022 | $5.80M | -29.2% |
| 2021 | $8.20M | +89.8% |
| 2020 | $4.32M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $2.06M | +36.7% | -15.3% |
| June 30, 2025 | $2.43M | +109.5% | +62.1% |
| March 31, 2025 | $1.50M | +17.3% | -0.5% |
| September 30, 2024 | $1.50M | -4.1% | +29.9% |
| June 30, 2024 | $1.16M | -7.9% | -9.2% |
| March 31, 2024 | $1.28M | -0.2% | -18.6% |
| September 30, 2023 | $1.57M | +16.5% | +24.7% |
| June 30, 2023 | $1.26M | -6.5% | -1.7% |
- SmartKem, Inc. showed a decrease of -8.0% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2024 period, SmartKem, Inc.’s r&d expense has grown by 18.3% (from $4.32 million to $5.11 million).
- The most recent figure is from SmartKem, Inc.’s fiscal year 2024 report (Form 10-K), filed with the SEC on March 31, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
Last verified: