NASDAQ : SMX
SMX (Security Matters) Public Limited Company — Financial statements
Industrials · Specialty Business Services · Ireland
Last price 1.64 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.79M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 130.38M | 124.21M | 13.72M | 17.23M | 3.29M | 2.94M |
| Research & Development | 12.13M | 11.23M | 3.06M | 2.71M | 1.90M | 2.04M |
| Amortization of Goodwill & Intangibles | 2.66M | 3.28M | 2.08M | |||
| Operating Expenses | 145.18M | 138.72M | 18.86M | 19.94M | 5.19M | 4.97M |
| Operating Income | -145.18M | -138.72M | -18.86M | -19.94M | -5.19M | -4.97M |
| Interest Expense | -66.34M | -40.70M | -13.49M | -7.89M | -1.13M | -101.00K |
| Interest & Investment Income | 23.66M | 12.40M | 5.96M | 1.58M | 28.00K | 237.00K |
| Earnings From Equity Investments | -101.00K | 106.00K | -101.00K | |||
| Other Non Operating Income (Expenses) | -16.80M | |||||
| EBT Excluding Unusual Items | -187.85M | -167.02M | -26.39M | -43.15M | -6.18M | -4.94M |
| Impairment of Goodwill | -6.03M | -6.03M | -6.81M | |||
| Gain (Loss) on Sale of Investments | 22.16M | |||||
| Asset Writedown | -1.54M | -1.54M | -2.20M | |||
| Pretax Income | -195.42M | -174.59M | -35.40M | -20.99M | -6.18M | -4.94M |
| Earnings From Continuing Operations | -195.42M | -174.59M | -35.40M | -20.99M | -6.18M | -4.94M |
| Minority Interest in Earnings | 5.53M | 5.41M | 4.31M | 75.00K | ||
| Net Income | -189.89M | -169.18M | -31.09M | -20.91M | -6.18M | -4.94M |
| Net Income to Common | -189.89M | -169.18M | -31.09M | -20.91M | -6.18M | -4.94M |
| Shares Outstanding (Basic) | 150.87K | 167.85M | 165.53M | |||
| Shares Outstanding (Diluted) | 150.87K | 167.85M | 165.53M | |||
| EPS (Basic) | -1,258.61 | -0.04 | -0.03 | |||
| EPS (Diluted) | -1,258.61 | -0.04 | -0.03 | |||
| Free Cash Flow | -38.36M | -17.00M | -11.34M | -12.54M | -5.38M | -4.21M |
| Free Cash Flow Per Share | -254.27 | -0.03 | -0.03 | |||
| EBITDA | -145.66M | -138.48M | -18.62M | -19.71M | -4.90M | -4.66M |
| D&A For EBITDA | -485.00K | 243.00K | 233.00K | 225.00K | 290.00K | 315.00K |
| EBIT | -145.18M | -138.72M | -18.86M | -19.94M | -5.19M | -4.97M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.54M | 12.20M | 2.34M | 168.00K | 1.40M | 4.17M |
| Cash & Short-Term Investments | 33.54M | 12.20M | 2.34M | 168.00K | 1.40M | 4.17M |
| Other Receivables | 549.00K | 389.00K | 1.89M | 492.00K | 516.00K | 466.00K |
| Receivables | 549.00K | 389.00K | 1.89M | 492.00K | 516.00K | 466.00K |
| Prepaid Expenses | 198.00K | 102.00K | 142.00K | 3.16M | 454.00K | |
| Total Current Assets | 34.93M | 12.79M | 4.34M | 802.00K | 5.07M | 5.09M |
| Property, Plant & Equipment | 587.00K | 501.00K | 616.00K | 800.00K | 969.00K | 1.19M |
| Long-Term Investments | 117.00K | 114.00K | 105.00K | 115.00K | 221.00K | 147.00K |
| Goodwill | 20.69M | 20.12M | 26.14M | 32.96M | ||
| Other Intangible Assets | 6.74M | 7.92M | 12.33M | 16.49M | 5.03M | 3.91M |
| Total Assets | 63.07M | 41.44M | 43.53M | 51.16M | 11.29M | 10.34M |
| Accounts Payable | 1.99M | 8.72M | 9.43M | 10.52M | 2.97M | 916.00K |
| Accrued Expenses | 4.01M | 4.17M | 2.33M | 448.00K | 573.00K | |
| Short-Term Debt | 2.47M | 8.29M | 4.65M | 1.39M | 563.00K | |
| Current Portion of Long-Term Debt | 164.00K | 453.00K | 902.00K | 1.75M | 710.00K | 270.00K |
| Current Portion of Leases | 22.00K | 42.00K | 81.00K | 41.00K | 30.00K | 37.00K |
| Current Unearned Revenue | 202.00K | 177.00K | 153.00K | 50.00K | 30.00K | |
| Other Current Liabilities | 3.67M | 5.00K | 1.38M | 1.84M | 152.00K | 70.00K |
| Total Current Liabilities | 8.31M | 21.73M | 20.80M | 18.02M | 4.92M | 1.90M |
| Long-Term Debt | 483.00K | 3.68M | ||||
| Long-Term Leases | 406.00K | 382.00K | 337.00K | 411.00K | 440.00K | 466.00K |
| Long-Term Unearned Revenue | 85.00K | 85.00K | ||||
| Total Liabilities | 8.72M | 22.11M | 21.14M | 18.92M | 9.13M | 2.45M |
| Common Stock | 348.27M | 264.63M | 89.98M | 62.90M | 32.71M | |
| Additional Paid-In Capital | 31.50M | |||||
| Retained Earnings | -295.55M | -251.20M | -82.03M | -50.93M | -30.02M | -23.84M |
| Comprehensive Income & Other | -7.72M | -4.57M | -1.54M | -491.00K | -537.00K | 223.00K |
| Total Common Equity | 45.00M | 8.86M | 6.41M | 11.48M | 2.16M | 7.89M |
| Minority Interest | 9.36M | 10.47M | 15.98M | 20.77M | ||
| Shareholders' Equity | 54.35M | 19.32M | 22.39M | 32.24M | 2.16M | 7.89M |
| Total Liabilities & Equity | 63.07M | 41.44M | 43.53M | 51.16M | 11.29M | 10.34M |
| Total Debt | 3.06M | 9.17M | 5.97M | 4.08M | 5.42M | 773.00K |
| Net Cash (Debt) | 30.48M | 3.03M | -3.63M | -3.91M | -4.03M | 3.40M |
| Net Cash Per Share | 202.02 | -0.02 | 0.02 | |||
| Filing Date Shares Outstanding | 978.61K | 39.30K | 165.53M | |||
| Total Common Shares Outstanding | 978.61K | 39.30K | 167.85M | 165.53M | ||
| Working Capital | 26.62M | -8.94M | -16.46M | -17.22M | 146.00K | 3.19M |
| Book Value Per Share | 45.98 | 225.35 | 0.01 | 0.05 | ||
| Tangible Book Value | 17.56M | -19.18M | -32.06M | -37.97M | -2.87M | 3.98M |
| Tangible Book Value Per Share | 17.95 | -488.05 | -0.02 | 0.02 | ||
| Machinery | 1.53M | 1.33M | 1.32M | 1.31M | 1.42M | |
| Leasehold Improvements | 86.00K | 76.00K | 75.00K | 63.00K | 81.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -189.89M | -169.18M | -31.09M | -20.91M | -6.18M | -4.94M |
| Depreciation & Amortization | -424.00K | 304.00K | 273.00K | 225.00K | 290.00K | 315.00K |
| Other Amortization | 3.15M | 3.15M | 2.00M | |||
| Asset Writedown & Restructuring Costs | 7.57M | 7.57M | 9.01M | |||
| Loss (Gain) From Sale of Investments | -22.16M | |||||
| Loss (Gain) on Equity Investments | 101.00K | -106.00K | 101.00K | |||
| Stock-Based Compensation | 107.95M | 114.20M | 3.66M | 3.27M | 306.00K | 484.00K |
| Other Operating Activities | 41.30M | 27.02M | 5.72M | 22.21M | 1.06M | 136.00K |
| Change in Accounts Receivable | 553.00K | 1.24M | 140.00K | 2.94M | -2.94M | -463.00K |
| Change in Accounts Payable | -7.22M | -862.00K | -2.78M | 2.07M | 2.22M | 401.00K |
| Change in Other Net Operating Assets | -1.20M | -440.00K | 1.76M | -216.00K | 131.00K | 57.00K |
| Operating Cash Flow | -38.22M | -17.00M | -11.31M | -12.48M | -5.22M | -3.91M |
| Capital Expenditures | -146.00K | -21.00K | -60.00K | -152.00K | -297.00K | |
| Sale (Purchase) of Intangibles | -169.00K | -976.00K | -975.00K | -1.47M | ||
| Investing Cash Flow | -1.15M | -190.00K | -1.04M | -1.13M | -1.76M | |
| Short-Term Debt Issued | 31.23M | 4.30M | 2.61M | 581.00K | ||
| Long-Term Debt Issued | 550.00K | 3.31M | 32.00K | |||
| Total Debt Issued | 27.80M | 31.23M | 4.30M | 3.16M | 3.89M | 32.00K |
| Short-Term Debt Repaid | -1.06M | |||||
| Long-Term Debt Repaid | -423.00K | -114.00K | -72.00K | -227.00K | -201.00K | |
| Lease Payments | -38.00K | -53.00K | -80.00K | -42.00K | -55.00K | -98.00K |
| Total Debt Repaid | -1.08M | -1.49M | -114.00K | -72.00K | -227.00K | -201.00K |
| Net Debt Issued (Repaid) | 26.73M | 29.75M | 4.19M | 3.08M | 3.66M | -169.00K |
| Issuance of Common Stock | 50.52M | 9.34M | 6.19M | 182.00K | 6.29M | |
| Other Financing Activities | -423.00K | 2.68M | ||||
| Financing Cash Flow | 77.25M | 29.75M | 13.11M | 11.95M | 3.85M | 6.12M |
| Foreign Exchange Rate Adjustments | -5.10M | -2.89M | 569.00K | 331.00K | -269.00K | -615.00K |
| Net Cash Flow | 32.79M | 9.86M | 2.17M | -1.23M | -2.77M | -170.00K |
| Free Cash Flow | -38.36M | -17.00M | -11.34M | -12.54M | -5.38M | -4.21M |
| Free Cash Flow Per Share | -254.27 | -0.03 | -0.03 | |||
| Levered Free Cash Flow | -30.86M | 4.70M | -15.51M | -677.75K | -5.13M | -4.09M |
| Unlevered Free Cash Flow | 10.60M | 30.14M | -7.08M | 4.25M | -4.43M | -4.03M |
| Free Cash Flow After Leases | -38.40M | -17.05M | -11.41M | -12.58M | -5.43M | -4.30M |
| Change in Working Capital | -7.87M | -63.00K | -879.00K | 4.80M | -588.00K | -5.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.86M | 142.25M | 9.39M | 887.62M | ||
| Enterprise Value | -28.62M | 164.59M | 34.34M | 889.33M | ||
| Last Close Price | 1.64 | 3,648.41 | 9,388,535.00 | 887,625,000.00 | ||
| PB Ratio | 0.04 | 7.36 | 0.42 | 27.53 | ||
| Debt / Equity Ratio | 0.06 | 0.47 | 0.27 | 0.13 | 2.52 | 0.10 |
| Net Debt / Equity Ratio | -0.56 | -0.16 | 0.16 | 0.12 | 1.87 | -0.43 |
| Net Debt / EBITDA Ratio | 0.21 | 0.02 | -0.20 | -0.20 | -0.82 | 0.73 |
| Net Debt / FCF Ratio | 0.80 | 0.18 | -0.32 | -0.31 | -0.75 | 0.81 |
| Quick Ratio | 4.10 | 0.58 | 0.20 | 0.04 | 0.39 | 2.45 |
| Current Ratio | 4.20 | 0.59 | 0.21 | 0.04 | 1.03 | 2.69 |
| Return on Equity (ROE) | -553.23% | -837.02% | -129.59% | -122.03% | -123.10% | -70.55% |
| Return on Assets (ROA) | -177.95% | -204.08% | -24.89% | -39.91% | -30.00% | -33.75% |
| Return on Capital Employed (ROCE) | -265.10% | -703.90% | -83.00% | -60.20% | -81.60% | -58.90% |
| Earnings Yield | -73,603.02% | -118.93% | -331.17% | -2.36% | ||
| FCF Yield | -2,060.79% | -11.95% | -120.73% | -1.41% | ||
| Buyback Yield / Dilution | -1.40% | -18.84% |