Filing Flows › 22nd Century Group (XXII) › Q1 2026
22nd Century Group (XXII) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
22nd Century Group (XXII) reported revenue of $4.1M for the first quarter 2026 (Q1 2026), -31% from a year earlier and +16% from the quarter before. Operating margin was -74.0%, net loss $3.3M (79.4% of revenue).
22nd Century Group, Q1 2026: revenue $4.1M (-31% year over year), operating margin -74.0%, net loss $3.3M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +16% | -31% |
| Operating profit | −$3.0M | — | — |
| Net earnings | −$3.3M | — | — |
| Operating cash flow | −$3.1M | -213% | — |
What changed
Revenue was $4.1M in Q1 2026, down 31% year over year and up 16% from the previous quarter. Cigarettes was the largest line at 69% of revenue. Cigarettes lost $2.2M year over year (down 43%), 117% of the total change.
Operating costs exceeded revenue by $3.0M, an operating margin of -74.0%. Total costs fell 16% while revenue fell 31%. The fastest-growing cost line was Research & development (+76%). The quarter ended with a net loss of $3.3M, wider than the previous quarter's $2.8M loss.
Operating cash flow was −$3.1M. Non-cash charges added back $206K of depreciation and amortization and $238K of share-based compensation. Working capital and other items used $286K. Capital expenditures of $40K exceeded it, leaving free cash flow of −$3.1M.
Questions
What was 22nd Century Group's revenue in the first quarter 2026?
22nd Century Group (XXII) reported revenue of $4.1M for the first quarter 2026 (Q1 2026), -31% from a year earlier and +16% from the quarter before.
Was 22nd Century Group profitable in the first quarter 2026?
Operating loss was $3.0M (-74.0% of revenue) and net loss $3.3M.
Source: 22nd Century Group 10-Q on SEC EDGAR.