Q1 2026: net rev $4.1M (-31% YoY); zero debt; VLN now in 2,000+ stores

22nd Century Group, Inc.

2026-Q1 EPS reported -$18.08 revenue$4,105,000

Net revenues $4.1M, down 31.1% YoY from $5.96M; net loss from continuing ops $3.0M improved from $3.3M.
Cash and equivalents $9.5M; zero long-term debt after extinguishing senior secured debt in 2025.
VLN products in over 2,000 stores across 20 states; targeting 5,000 retail outlets by end of 2026.
Adjusted EBITDA loss $2.6M vs $2.3M YoY; operating loss $3.0M vs $2.6M.
Advanced PMTA submissions for 100mm format VLN and filtered cigars to expand product portfolio.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

22nd Century Group, Inc. reported the first quarter ended March 31, 2026 results: revenue $4.1 million, net income $3.3 million.

Period: the first quarter ended March 31, 2026
Revenue: $4.1 million
Net income: $3.3 million
Result: reported results

Exact text from the filing

excluding discontinued operations related to the sale and exit of the Company’s hemp/cannabis business in late 2023, except as noted. ● Net revenues increased slightly to $4.1 million from $3.5 million. ● Gross profit (loss) improved to $(0.6) million, compared to $(0.8) million. ● Operating expenses were $2.4 million, increased from $2.0 million. ●

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22nd Century Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-021582

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