XXII · 22nd Century Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | $5.95M | $7.95M | $6.47M | - |
| Cost of Revenue | $2.88M | - | $3.10M | $2.86M | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $285.0K | - | $193.0K | $227.0K | $162.0K | - | $240.0K | $250.0K | $425.0K | - |
| SG&A | $2.12M | - | $1.85M | $2.12M | $1.80M | - | $2.55M | $2.36M | $2.91M | - |
| Total Operating Expenses | $2.40M | - | $2.15M | $2.35M | $1.96M | - | $2.79M | $2.62M | $3.31M | - |
| D&A | $121.0K | - | $143.0K | $122.0K | - | - | - | - | - | - |
| Operating Income | ($3.04M) | - | ($3.21M) | ($2.98M) | ($2.57M) | - | ($3.38M) | ($2.05M) | ($4.43M) | - |
| Interest Expense | $11.0K | - | $534.0K | $351.0K | $1.02M | - | $311.0K | $1.07M | $1.02M | - |
| Income Tax | - | - | - | ($34.0K) | - | - | - | $26.0K | - | - |
| Net Income | ($3.26M) | - | $5.49M | ($3.41M) | ($4.33M) | - | ($3.76M) | ($1.11M) | ($5.74M) | - |
| EPS - Basic | ($18.08) | - | $23.25 | ($204.15) | ($862.50) | - | ($25616.25) | ($9780.75) | ($136930.50) | - |
| EPS - Diluted | ($18.08) | - | ($4.20) | ($204.15) | ($862.50) | - | ($25616.25) | ($9780.75) | ($136930.50) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.54M | $7.15M | $4.85M | $3.08M | $1.13M | $4.42M | $5.34M | $1.28M | $1.52M | $2.06M |
| Accounts Receivable | $4.78M | $3.59M | $2.99M | $3.54M | $4.32M | $1.70M | $1.78M | $2.45M | $1.75M | $1.67M |
| Inventory | $4.35M | $4.33M | $2.91M | $2.50M | $2.56M | $2.02M | $2.34M | $2.66M | $2.89M | $4.35M |
| Accounts Payable | $1.02M | $1.00M | $2.60M | $2.89M | $3.09M | $2.40M | $3.10M | $3.89M | $5.05M | $4.45M |
| Current Assets | $21.07M | $17.63M | $22.92M | $11.87M | $11.10M | $11.52M | $15.76M | $13.48M | $13.71M | $16.28M |
| Total Assets | $30.31M | $27.02M | $32.37M | $22.38M | $21.46M | $21.67M | $26.18M | $24.09M | $24.62M | $27.50M |
| Current Liabilities | $7.91M | $7.27M | $10.54M | $15.39M | $16.40M | $9.96M | $14.44M | $16.07M | $25.26M | $25.03M |
| Long-term Debt | - | $708.0K | - | $3.22M | $3.93M | $5.17M | $5.53M | $6.05M | $8.14M | $8.06M |
| Total Liabilities | $9.09M | $8.53M | $11.26M | $16.75M | $17.83M | $17.66M | $22.71M | $25.04M | $36.24M | $35.91M |
| Stockholders' Equity | $21.22M | $15.76M | $18.37M | $5.63M | $3.63M | $4.01M | $3.47M | ($955.0K) | ($11.62M) | ($8.41M) |
| Retained Earnings | ($402.19M) | ($398.93M) | ($396.12M) | ($401.61M) | ($398.20M) | ($393.87M) | ($389.31M) | ($385.56M) | ($384.45M) | ($378.71M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.10M) | - | - | - | ($2.98M) | - | - | - | ($2.25M) | - |
| Investing Cash Flow | ($47.0K) | - | - | - | ($59.0K) | - | - | - | $15.0K | - |
| Financing Cash Flow | $5.55M | - | - | - | ($254.0K) | - | - | - | $1.70M | - |
| CapEx | $40.0K | - | - | - | $10.0K | - | - | - | $7.0K | - |
| Free Cash Flow | ($3.14M) | - | - | - | ($2.99M) | - | - | - | ($2.26M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | -56.8% | -25.8% | -68.5% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | -63.2% | -14.0% | -88.7% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -35.0% | - |
| FCF / Net income | 0.96 | - | - | - | 0.69 | - | - | - | 0.39 | - |
| R&D / Revenue | - | - | - | - | - | - | 4.0% | 3.1% | 6.6% | - |
| SG&A / Revenue | - | - | - | - | - | - | 42.8% | 29.7% | 44.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -10.8% | - | 17.0% | -15.2% | -20.2% | - | -14.4% | -4.6% | -23.3% | - |
| Return on equity | -15.4% | - | 29.9% | -60.5% | -119.4% | - | -108.2% | 116.4% | 49.4% | - |
| Return on invested capital | - | - | - | -26.6% | - | - | - | -31.8% | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.67 | 2.42 | 2.17 | 0.77 | 0.68 | 1.16 | 1.09 | 0.84 | 0.54 | 0.65 |
| Quick ratio | 2.12 | 1.83 | 1.90 | 0.61 | 0.52 | 0.95 | 0.93 | 0.67 | 0.43 | 0.48 |
| Cash ratio | 1.21 | 0.98 | 0.46 | 0.20 | 0.07 | 0.44 | 0.37 | 0.08 | 0.06 | 0.08 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.04 | - | 0.57 | 1.08 | 1.29 | 1.59 | -6.33 | -0.70 | -0.96 |
| Debt / Assets | - | 0.03 | - | 0.14 | 0.18 | 0.24 | 0.21 | 0.25 | 0.33 | 0.29 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -276.3x | - | -6.0x | -8.5x | -2.5x | - | -10.9x | -1.9x | -4.4x | - |
| Equity multiplier | 1.43 | 1.71 | 1.76 | 3.98 | 5.92 | 5.40 | 7.54 | -25.22 | -2.12 | -3.27 |
| Liabilities / Assets | 0.30 | 0.32 | 0.35 | 0.75 | 0.83 | 0.81 | 0.87 | 1.04 | 1.47 | 1.31 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | 0.23 | 0.33 | 0.26 | - |
| Inventory turnover | 0.66 | - | 1.07 | 1.14 | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | 110d | 112d | 99d | - |
| Days inventory outstanding | 550d | - | 342d | 319d | - | - | - | - | - | - |
| Days payable outstanding | 130d | - | 306d | 368d | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 0.1x | - | 16.4x | 5.0x | 237.0x | - | 38956.9x | - | - | - |
| P / S | - | - | - | - | - | - | 22747.8x | 32570.7x | 43754.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | -66.6% | -66.1% | -70.5% | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | -8.7% | -1.7% | -1.7% | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | -1.7% | 6.4% | 0.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -18.2% | - | 4.9% | -45.6% | 42.0% | - | 95.3% | 89.4% | 75.1% | - |
| Net income growth (YoY) | 24.7% | - | - | -206.4% | 24.6% | - | 94.8% | 94.6% | 68.4% | - |
| EPS growth (YoY) | 97.9% | - | 100.0% | 97.9% | 99.4% | - | -735999.1% | -698525.0% | -171163025.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -5.3% | - | - | - | -32.0% | - | - | - | 88.3% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 485.3% | 292.8% | 429.1% | - | - | - | -74.8% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Business segments
$62.11M totalTobacco$40.50M · 65.2%
Hemp Or Cannabis$21.61M · 34.8%
Product / service
$62.11M totalTobacco$40.50M · 65.2%
Hemp Or Cannabis$21.61M · 34.8%
Peer comparison
Same SIC group: Cigarettes
Comparing 22nd Century Group against the 5 most active filers in the same SIC group.