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22nd Century Group, Inc. (XXII) stock

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NASDAQ: XXII Nasdaq Tobacco Next results ~November 3, 2026

D Fundamentals grade

22nd Century Group, Inc. is a US-listed company in the tobacco industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for 22nd Century Group, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: share count (0m) is 0.29x the cover-page count (1m). We'll show the comparison once resolved.

22nd Century Group, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds16 adding, 0 cuttingOf 1 active managers that changed their stake, 1 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter 22nd Century Group files

Where 22nd Century stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $15m, down 27.4% on a year earlier, a smaller fall than the 34.1% decline a quarter earlier. Free-cash-flow margin rose to -60.3% from -69.7% a year earlier. Operating margin narrowed to -85.0% from -65.1%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 3 financial-health checks.

Our model value for 22nd Century Group is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

22nd Century Group, Inc.'s trailing-twelve-month revenue fell 27.4% year on year, with a free-cash-flow margin of -60.3%. Where it stands out: change in growth rate of +6.6pp ranks 1 of 7 tobacco companies we cover. Where it lags: revenue growth of -27.4% ranks 7 of 7 tobacco companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 37.2% while net income grew 75.5%: a 38pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Revenue shrinking. Revenue fell 27.4% over the last 12 months.
  • Loss-making. Operating margin is -85.0%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 20.0 points on a year ago.
  • Burning cash. Free cash flow was -60.3% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 19.6% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 143% and a beta of 2.1 against the S&P 500.

Latest results: FY2026 Q2

Filed August 14, 2026
Revenue
$3m, down 29.9% on a year earlier
Share reaction
-27.5% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Next report
November 3, 2026

22nd Century Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.7%
  • 1 week-15.9%
  • 1 month-91.9%
  • This year-100.0%
  • 1 year-100.0%
  • 5 years-100.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$14.5M
Operating margin
-85.0%
Net margin
-27.0%

Growth

Revenue growth
−27.4%
Change in growth rate
+6.6 pts

Cash

Free cash flow (TTM)
-$8.8M
FCF margin
-60.3%
Stock pay % of revenue
5.5%

Earnings

Last results
October 22, 2026
Next results (est.)
January 6, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Announcement
  3. Results
  4. Announcement
  5. Results
  6. Shareholder vote

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

22nd Century Group, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: share count (0m) is 0.29x the cover-page count (1m): held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value 22nd Century Group, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.95 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$43 ~$84–$150 Left out: out of range vs price (586.76x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare 22nd Century Group, Inc. with Tobacco in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$312984000.00$243680400.00$625968000.00$556664384.00$245916000.00$491832000.00$690800384.00$205898752.00$2772144.00$36639.00$231.00
Market value$3052.82tn$2784.92tn$9064.06tn$9904.14tn$4431.08tn$9772.44tn$15445.85tn$5683.38tn$76.07tn$20m$43m
+ Net debt (− = net cash)−$3m−$13m−$4m$932440$388000−$198000−$740000$889000$12m$2m−$6m
Enterprise value$3052.82tn$2784.92tn$9064.06tn$9904.14tn$4431.08tn$9772.44tn$15445.85tn$5683.38tn$76.07tn$23m$36m
Multiples
Price / sales n/mn/mn/mn/mn/mn/mn/mn/mn/m0.8x2.4x
Price / earnings ———————————
Price / free cash flow ———————————
EV / EBITDA ———————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

13 /100

Weak moat

How hard 22nd Century Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -33.8% of total assets over 10 years.

  • Pricing power 0 / 20

    Gross margin has been a median 0.7%, moving by 32.7 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -86.5%; its worst year was -103.0%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 6 years, at a median -79.7% of revenue.

  • Discipline 3 / 20

    The diluted share count rose 138.3% over five years; stock-based pay has been a median 7.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026.

Analysts' consensus

No analyst estimates are published for 22nd Century Group, Inc.: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Mar 2026 −$24.00 −$361.60 −1406.7%
Dec 2025 −$42.00 −$117.80 −180.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Positioning

Short interest
5.3%
of tradable shares
Days to cover
0.05
at average volume
Short interest, 1 month
−1%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
1.0%
of shares
Employees
32
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 3 years −100.0%

$7526520.00 on November 3, 2023 to $0.07

ThenNowEffect
Revenue (last 12 months) $38m $15m −62.3%
P/S multiple n/m 0.0x −100.0%
Share count 0m 0m +87.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
XXII+41%−70%−99%−99%−99%−100%
Industry peers (median)+20%+3%+11%+38%+28%+8%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
XXII50%25%8%0%0%9%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
XXII−62%−74%−99%−99%−100%−100%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 100% from April 28, 2021 to October 30, 2026. Getting back needed a 1794867047719% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.07 – $465.00
From 52-week high
−100.0%
vs 50-day average
−94.6%
vs 200-day average
−99.8%
Volatility (1 year)
143%
Beta vs S&P 500
2.13

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
2 up, 10 down
typical move ±14.2%
After a week
0 up, 12 down
typical move ±22.3%
After a month
0 up, 11 down
typical move ±45.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 −27.5% −1.7% −68.9% —
August 13, 2026 +0.3% +0.5% −8.8% −57.1%
May 7, 2026 −25.6% +0.5% −16.1% −39.4%
March 26, 2026 −26.7% −3.5% −31.2% −49.2%
February 20, 2026 −22.8% −0.3% −26.5% −43.6%
November 4, 2025 −18.1% −0.8% −21.3% −32.3%
August 14, 2025 −12.4% −0.2% −25.8% −35.6%
May 13, 2025 +7.5% +0.8% −2.8% −38.3%
March 20, 2025 −10.0% −0.3% −24.2% −60.2%
November 12, 2024 −2.9% −0.3% −4.9% −28.2%
August 13, 2024 −14.9% +2.0% −22.5% −62.8%
May 15, 2024 −1.9% +1.0% −14.2% −47.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

22nd Century Group, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) 22nd Century Group, Inc.
$10M $20M $30M $40M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $34.8M Revenue (TTM), FY23 Q4: $32.2M Revenue (TTM), FY24 Q1: $29.7M Revenue (TTM), FY24 Q2: $29.6M Revenue (TTM), FY24 Q3: $27.7M Revenue (TTM), FY24 Q4: $24.4M Revenue (TTM), FY25 Q1: $23.9M Revenue (TTM), FY25 Q2: $20M Revenue (TTM), FY25 Q3: $18.1M Revenue (TTM), FY25 Q4: $17.6M Revenue (TTM), FY26 Q1: $15.7M Revenue (TTM), FY26 Q2: $14.5M $14.5M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $34.8M
FY23 Q4 $32.2M
FY24 Q1 $29.7M
FY24 Q2 $29.6M
FY24 Q3 $27.7M
FY24 Q4 $24.4M
FY25 Q1 $23.9M
FY25 Q2 $20M
FY25 Q3 $18.1M
FY25 Q4 $17.6M
FY26 Q1 $15.7M
FY26 Q2 $14.5M
Revenue growth, TTM YoY 22nd Century Group, Inc.
-40% -30% -20% -10% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -6.8% Revenue growth, TTM YoY, FY23 Q4: -20.5% Revenue growth, TTM YoY, FY24 Q1: -26.3% Revenue growth, TTM YoY, FY24 Q2: -22.9% Revenue growth, TTM YoY, FY24 Q3: -20.3% Revenue growth, TTM YoY, FY24 Q4: -24.3% Revenue growth, TTM YoY, FY25 Q1: -19.8% Revenue growth, TTM YoY, FY25 Q2: -32.5% Revenue growth, TTM YoY, FY25 Q3: -34.8% Revenue growth, TTM YoY, FY25 Q4: -27.9% Revenue growth, TTM YoY, FY26 Q1: -34.1% Revenue growth, TTM YoY, FY26 Q2: -27.4% -27.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -6.8%
FY23 Q4 -20.5%
FY24 Q1 -26.3%
FY24 Q2 -22.9%
FY24 Q3 -20.3%
FY24 Q4 -24.3%
FY25 Q1 -19.8%
FY25 Q2 -32.5%
FY25 Q3 -34.8%
FY25 Q4 -27.9%
FY26 Q1 -34.1%
FY26 Q2 -27.4%
Operating margin (TTM) 22nd Century Group, Inc.
-150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -87.5% Operating margin (TTM), FY23 Q4: -139.5% Operating margin (TTM), FY24 Q1: -131.0% Operating margin (TTM), FY24 Q2: -97.7% Operating margin (TTM), FY24 Q3: -86.9% Operating margin (TTM), FY24 Q4: -57.2% Operating margin (TTM), FY25 Q1: -50.6% Operating margin (TTM), FY25 Q2: -65.1% Operating margin (TTM), FY25 Q3: -71.1% Operating margin (TTM), FY25 Q4: -65.8% Operating margin (TTM), FY26 Q1: -76.5% Operating margin (TTM), FY26 Q2: -85.0% -85.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -87.5%
FY23 Q4 -139.5%
FY24 Q1 -131.0%
FY24 Q2 -97.7%
FY24 Q3 -86.9%
FY24 Q4 -57.2%
FY25 Q1 -50.6%
FY25 Q2 -65.1%
FY25 Q3 -71.1%
FY25 Q4 -65.8%
FY26 Q1 -76.5%
FY26 Q2 -85.0%
FCF margin (TTM) 22nd Century Group, Inc.
-300% -200% -100% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -213.7% FCF margin (TTM), FY23 Q4: -185.2% FCF margin (TTM), FY24 Q1: -142.9% FCF margin (TTM), FY24 Q2: -89.7% FCF margin (TTM), FY24 Q3: -56.3% FCF margin (TTM), FY24 Q4: -59.4% FCF margin (TTM), FY25 Q1: -63.7% FCF margin (TTM), FY25 Q2: -69.7% FCF margin (TTM), FY25 Q3: -82.5% FCF margin (TTM), FY25 Q4: -44.3% FCF margin (TTM), FY26 Q1: -50.5% FCF margin (TTM), FY26 Q2: -60.3% -60.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -213.7%
FY23 Q4 -185.2%
FY24 Q1 -142.9%
FY24 Q2 -89.7%
FY24 Q3 -56.3%
FY24 Q4 -59.4%
FY25 Q1 -63.7%
FY25 Q2 -69.7%
FY25 Q3 -82.5%
FY25 Q4 -44.3%
FY26 Q1 -50.5%
FY26 Q2 -60.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0 1 0 7 1 9 12 17 26 26 28 31 41 32 24 18 15
Gross profit — — −0 7 0 −1 −0 −1 1 0 — — — — 10 7 7
EBITDA −1 −4 −3 2 −11 −11 −11 −12 −23 −22 −18 −27 −31 −44 −13 −11 −12
Operating income −1 −4 −3 2 −12 −12 −11 −13 −24 −24 −19 −28 −34 −45 −14 −12 −12
Net income −1 −1 −7 −26 −16 −11 −12 −13 −8 −27 −20 −33 −60 −141 −15 −5 −4
Diluted EPS −$768487.50 −$0.50 −$2.20 −$6.00 −$2.60 −$1.60 −$1.50 −$1.30 −$419175.00 −$2.10 −$1.40 −$2.10 −$2165737.50 −$5494466.55 −$45711.05 −$52.87 —
Growth (year on year)
Revenue — +>999% −98.1% +>999% −92.7% +>999% +44.1% +35.2% +59.2% −2.2% +8.8% +10.1% +30.9% −20.5% −24.3% −27.9% −27.4%
EBITDA — — — — −677.7% — — — — — — — — — — — —
Operating income — — — — −749.3% — — — — — — — — — — — —
Margins
Gross margin — — −262.0% 93.7% 5.8% −6.8% −3.5% −4.3% 3.4% 0.1% — — — — 41.4% 42.1% 45.0%
EBITDA margin <−999% −353.3% <−999% 26.9% <−999% −133.4% −86.7% −75.0% −86.4% −86.6% −65.8% −87.8% −76.0% −136.9% −54.8% −63.0% −81.8%
Operating margin <−999% −371.0% <−999% 24.9% <−999% −141.3% −92.7% −80.1% −90.9% −91.2% −68.2% −91.8% −83.0% −139.5% −57.2% −65.8% −85.0%
Net margin <−999% −133.8% <−999% −359.3% <−999% −129.5% −94.3% −78.5% −30.1% −102.8% −70.1% −105.4% −147.7% −437.1% −62.2% −28.7% −27.0%
Free-cash-flow margin — — — 46.7% <−999% −85.9% — — — −58.5% −55.8% −76.2% −136.7% −185.2% −59.4% −44.3% −60.3%
Cash flow
Cash from operations −1 −3 −2 4 −7 −7 −10 −12 −18 −15 −16 −23 −52 −55 −14 −8 −8
Capital spending — — — 0 0 0 — — — 1 0 1 4 5 0 0 0
Free cash flow — — — 3 −7 −7 — — — −15 −16 −24 −55 −60 −14 −8 −9
Stock-based pay 0 0 1 1 2 1 1 1 3 4 2 4 5 3 0 0 1
Free cash flow after stock pay — — — 2 −9 −9 — — — −19 −17 −28 −61 −62 −15 −8 −10
Balance sheet
Cash — — — 6 6 4 13 4 1 0 1 1 3 2 4 7 6
Total debt 0 1 4 0 1 1 0 0 2 1 1 1 4 14 7 1 1
Net debt (negative = net cash) — — — −6 −5 −3 −13 −4 1 0 −0 −1 1 12 2 −6 −5
Diluted shares 2m 4m 4m 6m 9m 10m 11m 14m 18m 18m 20m 22m 28m 27m — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $26m
Short-term assets $17mLonger-term assets $9m
What it owes, and who funded it · $26m
Short-term liabilities $6mLonger-term liabilities $1mShareholders' equity $19m
  • Short-term assets cover short-term liabilities $17m of assets due within a year against $6m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $17m short-term assets against $1m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$12m against $574,000 of interest.

From 22nd Century Group, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

R&D spending
6.0%
of revenue
Sales & admin spending
58.5%
of revenue
Days sales outstanding
90 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in tobacco
Last 12 months unless stated XXII TPB RLX UVV MO BTI Median
Revenue, last 12 months $15m $507m $551m $2.8bn $23.5bn $33.8bn $2.8bn
Revenue growth, last 12 months −27.4% 24.5% 44.2% −3.6% 0.5% 2.2% 2.2%
Revenue growth, 3-year average −27.7% 11.1% — 2.2% −1.5% — −1.5%
Revenue growth, latest quarter −29.9% 22.6% — −12.2% 1.0% — 1.0%
Gross margin 45.0% 59.2% 29.9% 15.6% 63.3% — 52.1%
Operating margin −85.0% 14.8% 8.3% 4.9% 47.0% 39.0% 14.8%
Operating margin, 3-year average −82.6% 20.6% — 7.2% 47.0% 37.2% 28.8%
Net margin −27.0% 8.8% 23.3% 0.7% 34.5% 30.3% 23.3%
Cash from operations / revenue −57.6% 6.4% 27.9% 7.7% 40.1% 24.8% 24.8%
Free-cash-flow margin −60.3% 3.9% 24.9% 5.8% 38.6% 22.0% 22.0%
Free-cash-flow margin, 3-year average −73.2% 12.4% — 2.2% 37.7% 26.4% 19.4%
Stock pay / revenue 5.5% 1.8% 4.7% 0.2% — — 3.3%
Change in share count 19.6% 5.8% −5.0% 0.1% −0.8% −1.2% 0.1%

Median of all 7 companies we cover in tobacco. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

7 tobacco companies
Measure Company Peer median Rank
Revenue growth Growth -27.4% 2.2% 7 of 7
Change in growth rate Growth +6.6pp -0.7pp 1 of 7
Gross margin Profitability 45.0% 59.2% 4 of 6
Operating margin Profitability -85.0% 14.8% 7 of 7
Net margin Profitability -27.0% 23.3% 7 of 7
Free-cash-flow margin Cash generation -60.3% 22.0% 7 of 7
Long-term debt as % of assets Balance sheet 2.6% 34.4% 1 of 6
Days sales outstanding Balance sheet 90 days 45 days 5 of 5

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Contract Manufacturing $17.4M 99.2% ▼ 28.5%
Cigarettes $12.9M 73.9% ▼ 9.3%
Filtered Cigars $4.1M 23.6% ▼ 56.4%
Other Tobacco Products $442,000 2.5% ▼ 41.5%
Vln $138,000 0.8% —

From 22nd Century Group, Inc.'s 10-K filed March 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$153,765
Institutions reporting
16
Positions opened / closed
16 / 0

Top buyers and sellers, Q2 2026: 16 institutions bought and 0 sold ; the biggest buyer was Anson Funds Management LP (+35K shares) . See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Anson Funds Management LP $139,988 35K 91.0% —
UBS Group AG $12,992 3K 8.4% —
Barclays PLC $664 0K 0.4% —
Osaic Holdings, Inc. $32 0K 0.0% —
Morgan Stanley $28 0K 0.0% —
Steward Partners Investment Advisory, LLC $8 0K 0.0% —
Integrated Wealth Concepts LLC $8 0K 0.0% —
Truvestments Capital LLC $8 0K 0.0% —
Fifth Third Bancorp $8 0K 0.0% —
Kilter Group LLC $5 0K 0.0% —
Wells Fargo & Company $4 0K 0.0% —
Newedge Advisors, LLC $4 0K 0.0% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not 22nd Century Group, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around January 6, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • August 13, 2026
  • May 7, 2026
  • March 26, 2026
  • February 20, 2026
  • November 4, 2025

Recent SEC filings

Data status

When each part of this page on 22nd Century Group, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

22nd Century Group, Inc. in brief

What does 22nd Century Group, Inc. do?
22nd Century Group, Inc. is a US-listed company in the tobacco industry. Its financial year ends in December.
What is 22nd Century Group, Inc.'s stock ticker?
22nd Century Group, Inc. trades under the ticker XXII on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is 22nd Century Group, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, 22nd Century Group, Inc. reported revenue of $14.5M, 27.4% lower than a year earlier, according to its SEC filings.
What is 22nd Century Group, Inc.'s free cash flow?
22nd Century Group, Inc.'s free-cash-flow margin is -60.3% of revenue over the trailing twelve months, ranking 7 of the 7 tobacco companies we cover.
Who are 22nd Century Group, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Anson Funds Management LP, UBS Group AG and Barclays PLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is 22nd Century Group, Inc.'s market cap?
On December 31, 2025, 22nd Century Group, Inc.'s market capitalisation was about $42.5M and net debt of -$6.4M. Market figures come from third-party market data and may be delayed.
Who are 22nd Century Group, Inc.'s competitors?
In our Tobacco peer group, the companies closest to 22nd Century Group, Inc. are Turning Point Brands, Inc., RLX Technology Inc., Universal Corp, Altria and British American Tobacco P.l.c. The side-by-side comparison below sets their revenue, margins and growth against 22nd Century Group, Inc.'s.
When is 22nd Century Group, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — 22nd Century Group, Inc. announces its own schedule.