22nd Century Q4 2025 net rev $3.5M, net loss $2.8M; exits year debt-free with $7.1M cash

22nd Century Group, Inc.

Q4 net revenues $3.5M, down 12% YoY; gross loss improved to $(0.8)M from $(1.3)M.
FY2025 net revenues $17.6M, down 27.9% YoY; net loss from cont ops $13.1M improved 15.3%.
Ended 2025 debt-free with $7.1M cash; eliminated $8M debt; secured $9.5M insurance settlement.
VLN expansion: Pinnacle VLN in ~1,500 stores in top-5 c-store chain; state authorizations expanded.

item 2.02item 9.01

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