High Tide Inc.
HITI Nasdaq· Retail-Retail Stores, Nec
Last close · Oct 26, 2026
$2.59
KIRA · Stoqly’s AI analyst, in plain words
- High Tide Inc. had $424M of revenue in fiscal 2025, up 10.5% on the year before. Over five years, revenue changed +46.9% a year on average.
- Its operating margin was −2.4%, down 3.4 pts: of every 100 in sales, about −2 is left after running the business.
- High Tide Inc. lost $36.2M in fiscal 2025.
- Free cash flow was $9.8M in fiscal 2025, 2.3% of revenue.
- High Tide Inc. returned $1.0M to shareholders in fiscal 2025, 10% of free cash flow. The diluted share count rose 3.3%.
- High Tide Inc. has $24.6M more cash than debt.
Market cap
$213M
P/E
—
Revenue
$424M
Net income
−$36.2M
Free cash flow
$9.8M
Operating margin
−2.4%
High Tide Inc. in 30 seconds · fiscal 2025
Are sales growing?
+10.5%
Yes. Sales grew 10.5% last year.
Does it make a profit?
−8.5%
No. It lost money last year.
Does profit turn into cash?
2.3%
Partly. 2.3% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What High Tide Inc. does
No business description yet.
- Fiscal year ends
- October 31, 2025
- Latest annual report
- 40-F · Jan 29, 2026
- Legal name
- High Tide Inc.
- CIK
- 0001847409
High Tide Inc. · HITI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $144M | $277M | $362M | $384M | $424M |
| Revenue growth | 132.7% | 92.4% | 30.5% | 6.1% | 10.5% |
| Gross margin | 35.3% | 28.3% | 26.9% | 27.3% | 25.8% |
| Operating margin | −10.3% | −20.3% | −8.5% | 1.0% | −2.4% |
| Net income | −$27.3M | −$55.7M | −$29.1M | −$3.2M | −$36.2M |
| Net margin | −19.0% | −20.1% | −8.1% | −0.8% | −8.5% |
| Diluted EPS | −$0.67 | −$0.89 | −$0.39 | −$0.04 | −$0.44 |
| Cash | |||||
| Cash from operations | −$2.2M | $3.5M | $15.3M | $26.1M | $17.0M |
| Capital expenditure | $8.4M | $6.0M | $4.3M | $6.0M | $7.2M |
| Free cash flow | −$10.6M | −$2.5M | $11.0M | $20.1M | $9.8M |
| FCF margin | −7.4% | −0.9% | 3.1% | 5.2% | 2.3% |
| Dividends paid | $0.4M | $1.5M | $0.3M | $0.1M | $1.0M |
| Share count change | 177.9% | 47.9% | 18.4% | 7.0% | 3.3% |
| Debt and strength | |||||
| Cash and short-term investments | $11.3M | $18.3M | $21.7M | $34.0M | $34.1M |
| Debt incl. finance leases | $10.9M | $9.0M | $9.1M | $10.1M | $9.6M |
| Shareholders' equity | $119M | $114M | $95.0M | $103M | $62.5M |
| Net debt / EBITDA | −0.1x | — | — | −1.1x | −3.5x |
| Current ratio | 1.1x | 1.1x | 1.2x | 1.4x | 1.4x |
| Interest coverage | — | −38.0x | −31.9x | — | — |
| Returns and quality | |||||
| Return on capital | −9.9% | −42.2% | −29.5% | 3.7% | −21.5% |
| Return on equity | −43.1% | −47.7% | −27.9% | −3.2% | −43.8% |
| Return on tangible equity | −50.2% | −48.7% | −30.7% | −3.1% | −58.0% |
| Piotroski F-score | 3 | 4 | 5 | 6 | 3 |
| Altman Z'' | 0.1 | −2.3 | −2.4 | −0.5 | −1.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
High Tide Inc. · HITI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.59 a share, the company is worth $213M.
Source: SEC EDGAR XBRL filings (CIK 0001847409). Data updated October 24, 2026. Filed in CAD under IFRS and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.