22nd Century Group, Inc. (XXII) Income Statement
XXII 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsXXII revenue and net income
Where XXII's revenue goes
2025Each bar shows an amount and its share of revenue. XXII kept −71.7% of revenue as net income.
XXII profit margins
XXII growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −40.7% | −44.2% | −24.2% | −1.9% |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
XXII quarterly EPS vs estimates
22nd Century beat the analyst EPS estimate in 0 of the last 6 quarters. Next report: November 3, 2026 (estimate $-3.00).
XXII income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M | $11.9M | $32.2M | $40.5M | $30.9M | $28.1M | $25.8M | $26.4M | $16.6M | $12.3M |
| Cost of revenue | $10.2M | $14.3M | $40.9M | $38.7M | $29.5M | $26.7M | $25.8M | $25.5M | $17.3M | $12.7M |
| Gross profit | −$3.1M | −$2.4M | −$8.7M | $1.8M | $1.5M | $1.4M | $15,000 | $898,987 | −$707,912 | −$429,699 |
| Research & development | $688,000 | $1.1M | $2.6M | $3.6M | $3.9M | $4.1M | $8.1M | $15.0M | $3.4M | $2.3M |
| Sales, general & admin | $7.6M | $10.3M | $33.0M | $32.2M | $25.9M | $15.0M | $13.0M | $8.6M | $8.3M | $7.8M |
| Total operating expenses | $8.3M | $11.6M | $36.2M | $35.5M | $29.9M | $20.6M | $23.6M | $24.9M | $12.6M | $11.0M |
| Operating income | −$11.4M | −$13.9M | −$44.9M | −$33.6M | −$28.4M | −$19.2M | −$23.6M | −$24.0M | −$13.3M | −$11.4M |
| Interest income | $83,000 | $72,000 | $219,000 | $313,000 | $321,000 | $1.8M | $1.1M | $1.1M | $115,098 | $16,885 |
| Interest expense | $1.5M | $2.1M | $9.4M | $55,000 | $58,000 | $72,000 | $56,000 | $10,939 | $29,104 | $37,745 |
| Income before taxes | −$13.1M | −$15.5M | −$54.6M | −$36.5M | −$32.6M | −$19.7M | −$26.6M | −$8.0M | −$13.0M | −$11.6M |
| Income taxes | −$28,000 | $30,000 | $47,000 | $21,000 | $14,000 | $38,000 | −$2.4M | $15.0M | $375,285 | −$164,592 |
| Net income | −$5.1M | −$15.2M | −$140.8M | −$59.8M | −$32.6M | −$19.7M | −$26.6M | −$8.0M | −$13.0M | −$11.6M |
| EBITDA | −$10.5M | −$12.1M | −$40.4M | −$32.9M | −$31.0M | −$18.1M | −$24.9M | −$6.6M | −$12.1M | −$10.7M |
| EPS (diluted) | −$133.00 | −$1000018.59 | −$3000018.40 | −$3000000.12 | −$2000000.12 | −$1000000.10 | −$0.21 | −$0.07 | −$4000000.00 | −$3000000.04 |
| Gross margin | −44.5% | −20.2% | −27.0% | 4.6% | 4.8% | 5.1% | 0.1% | 3.4% | −4.3% | −3.5% |
| Operating margin | −162.0% | −117.4% | −139.5% | −83.0% | −91.8% | −68.2% | −91.2% | −90.9% | −80.1% | −92.7% |
| Net margin | −71.7% | −127.7% | −437.1% | −147.7% | −105.4% | −70.1% | −102.8% | −30.1% | −78.5% | −94.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9M | $4.1M | $1.0M | $1.5M | $2.2M | $2.3M | $1.8M | $2.5M | $4.4M | $3.1M | $0 | $4.0M |
| Cost of revenue | $3.2M | $4.7M | $1.9M | $2.6M | $2.9M | $2.9M | $3.1M | $3.1M | $3.9M | $4.2M | −$27.8M | $3.9M |
| Gross profit | −$293,000 | −$636,000 | −$834,000 | −$1.1M | −$635,000 | −$609,000 | −$1.3M | −$588,000 | $570,000 | −$1.1M | −$3.2M | $77,000 |
| Research & development | $199,000 | $285,000 | $105,000 | $193,000 | $227,000 | $162,000 | $218,000 | $240,000 | $250,000 | $425,000 | $2.3M | $623,000 |
| Sales, general & admin | $2.7M | $2.1M | $1.8M | $1.8M | $2.1M | $1.8M | $2.5M | $2.5M | $2.4M | $2.9M | $8.7M | $11.5M |
| Total operating expenses | $3.0M | $2.4M | $1.8M | $2.2M | $2.3M | $2.0M | $2.8M | $2.8M | $2.6M | $3.3M | −$66.9M | $8.3M |
| Operating income | −$3.3M | −$3.0M | −$2.7M | −$3.2M | −$3.0M | −$2.6M | −$4.1M | −$3.4M | −$2.0M | −$4.4M | $63.7M | −$8.3M |
| Interest income | $43,000 | $31,000 | $37,000 | $16,000 | $14,000 | $16,000 | $46,000 | $3,000 | $21,000 | $0 | $18,000 | $79,000 |
| Interest expense | $17,000 | $11,000 | $12,000 | $534,000 | $351,000 | $558,000 | $266,000 | $311,000 | $501,000 | $1.0M | $6.4M | $1.2M |
| Income before taxes | −$3.3M | −$3.0M | −$2.8M | −$3.8M | −$3.3M | −$3.3M | −$4.2M | −$3.6M | −$2.2M | −$5.5M | $56.8M | −$8.1M |
| Income taxes | $81,000 | $242,000 | $6,000 | −$9.3M | −$34,000 | $1.1M | $3,000 | $172,000 | $26,000 | $289,000 | $1,000 | −$1.6M |
| Net income | −$3.3M | −$3.3M | −$2.8M | $5.5M | −$3.4M | −$4.3M | −$4.6M | −$3.8M | −$1.1M | −$5.7M | −$29.3M | −$72.7M |
| EBITDA | −$3.0M | −$2.8M | −$2.5M | −$2.9M | −$2.7M | −$2.4M | −$3.7M | −$3.0M | −$1.4M | −$4.1M | $63.7M | −$5.3M |
| EPS (diluted) | −$15.60 | −$361.60 | −$117.80 | $0.46 | −$13.16 | −$2.50 | −$17.83 | −$0.55 | −$0.21 | −$1000000.00 | −$18.40 | −$1000000.00 |
| Gross margin | −10.2% | −15.5% | −79.6% | −70.7% | −28.5% | −26.8% | −68.1% | −23.4% | 12.8% | −36.6% | — | 1.9% |
| Operating margin | −114.9% | −74.0% | −253.1% | −214.4% | −133.8% | −113.0% | −222.3% | −134.3% | −46.1% | −143.8% | — | −206.4% |
| Net margin | −116.8% | −79.4% | −267.9% | 366.4% | −152.9% | −190.2% | −247.5% | −149.4% | −25.1% | −186.1% | — | −1,818.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in XXII's financial statements (latest annual report filed March 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
XXII financial results
In fiscal year 2025 (ended December 31, 2025), 22nd Century reported revenue of $7.0 million, down 40.7% from the year before. It had a net loss of $5.1 million, a net profit margin of −71.7%. Diluted earnings per share came to −$133.00. Over five years revenue grew at an average rate of −24.2% a year.
See the XXII stock overview for the latest quote and news, or the XXII chart for price history and technical indicators.
XXII income statement FAQ
What is 22nd Century's annual revenue?
22nd Century reported total revenue of $7.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 40.7% from $11.9 million the previous year.
Is 22nd Century profitable?
No. 22nd Century reported a net loss of $5.1 million in fiscal 2025, a net profit margin of −71.7%; its operating margin was −162.0%.
What is 22nd Century's gross margin?
22nd Century's gross margin was −44.5% in fiscal 2025: for every $100 of revenue, 22nd Century kept $-45 after the direct cost of its products and services.
How much does 22nd Century spend on research and development?
22nd Century spent $0.7 million on research and development in fiscal 2025, 9.8% of revenue.
How fast is 22nd Century growing?
Revenue grew −24.2% a year on average over the last five fiscal years, from $28.1 million to $7.0 million.
What are 22nd Century's earnings per share?
22nd Century earned $-133.00 per diluted share in fiscal 2025, compared with $-1000018.59 a year earlier.
When will 22nd Century report its next earnings?
22nd Century is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does 22nd Century's fiscal year end?
22nd Century's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 26, 2026.