Filing Flows › 22nd Century Group (XXII) › Q3 2025
22nd Century Group (XXII) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
22nd Century Group (XXII) reported revenue of $4.0M for the third quarter 2025 (Q3 2025), -33% from a year earlier and -2% from the quarter before. Operating margin was -80.1%, net earnings $5.5M (136.8% of revenue).
22nd Century Group, Q3 2025: revenue $4.0M (-32% year over year), operating margin -80.1%, net earnings $5.5M, operating cash flow −$4.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.0M | -2% | -33% |
| Operating profit | −$3.2M | — | — |
| Net earnings | $5.5M | — | — |
| Operating cash flow | −$4.0M | — | — |
What changed
Revenue was $4.0M in Q3 2025, down 33% year over year and down 2% from the previous quarter. Cigarettes was the largest line at 63% of revenue. Cigarettes lost $1.6M year over year (down 38%), 81% of the total change.
Operating costs exceeded revenue by $3.2M, an operating margin of -80.1%. Total costs fell 23% while revenue fell 33%. Net earnings were $5.5M. The effective tax rate was 0.0%. Non-operating items added $8.7M, 159% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$4.0M. Non-cash charges added back $234K of depreciation and amortization and $92K of share-based compensation. Working capital and other items used $9.8M. Capital expenditures of $6K exceeded it, leaving free cash flow of −$4.0M.
Questions
What was 22nd Century Group's revenue in the third quarter 2025?
22nd Century Group (XXII) reported revenue of $4.0M for the third quarter 2025 (Q3 2025), -33% from a year earlier and -2% from the quarter before.
Was 22nd Century Group profitable in the third quarter 2025?
Operating loss was $3.2M (-80.1% of revenue) and net earnings $5.5M.
Source: 22nd Century Group 10-Q on SEC EDGAR.