22nd Century Group, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $17.6M | $24.4M | $32.2M | $40.5M | $30.9M |
| Cost of revenue | $10.2M | $14.3M | — | — | — |
| Selling, general & administrative | $7.6M | $10.3M | $31.1M | $32.2M | $25.9M |
| Research and development | $688,000 | $1.1M | $2.6M | $3.6M | $3.9M |
| Operating expenses | $8.4M | $11.6M | $36.2M | $35.5M | $29.9M |
| Operating income | -$11.6M | -$13.9M | -$44.9M | -$33.6M | -$28.4M |
| Interest expense | $1.5M | $2.1M | $9.4M | $55,000 | $58,000 |
| Pretax income | -$13.1M | -$15.5M | -$54.6M | -$36.5M | -$32.6M |
| Income tax expense | -$28,000 | $30,000 | $47,000 | $21,000 | $14,000 |
| Net income | -$5.1M | -$15.2M | -$140.8M | -$59.8M | -$32.6M |
| Balance Sheet | |||||
| Cash and equivalents | $7.1M | $4.4M | $2.1M | $2.2M | — |
| Current assets | $17.6M | $11.5M | $16.3M | $44.6M | $54.4M |
| Total assets | $27.0M | $21.7M | $27.5M | $114.7M | $76.0M |
| Current liabilities | $7.3M | $10.0M | $25.0M | $13.0M | $8.4M |
| Total liabilities | $8.5M | $17.7M | $35.9M | $18.7M | $9.9M |
| Stockholders' equity | $15.8M | $4.0M | -$8.4M | $96.0M | $66.1M |
| Cash Flow Statement | |||||
| Cash from operations | -$7.7M | -$14.3M | -$55.0M | -$51.7M | -$22.8M |
| Depreciation and amortization | $479,000 | $585,000 | $852,000 | $2.9M | $1.2M |
| Stock-based compensation | $421,000 | $380,000 | $2.7M | $5.5M | $4.0M |
| Capital expenditure | $61,000 | $141,000 | $4.7M | $3.7M | $745,000 |
| Free cash flow | -$7.8M | -$14.5M | -$59.6M | -$55.4M | -$23.6M |
| Impairments | $111,000 | $68,000 | $3.3M | $1.5M | — |
Shares outstanding 4.5M
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.