For fiscal 2025 (ended Oct 31, 2025), High Tide Inc. reported C$593.99M of revenue and -C$50.75M of net income. Figures are in CAD, the currency of its SEC filings.
HITI revenue was C$593.99M for fiscal 2025 (ended Oct 31, 2025), up 13.7% from fiscal 2024. Compound annual growth was +48.1% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.
HITI net income was -C$50.75M for fiscal 2025 (ended Oct 31, 2025), compared with -C$4.34M in fiscal 2024.
HITI diluted EPS was -C$0.62 for fiscal 2025 (ended Oct 31, 2025), compared with -C$0.05 in fiscal 2024.
HITI free cash flow was C$13.78M for fiscal 2025 (ended Oct 31, 2025), down 49.6% from fiscal 2024. Compound annual growth was +16.0% over 5 years.
| Line item | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue | C$593.99M | C$522.31M | C$487.67M | C$356.85M | C$181.12M | C$83.27M |
| Cost of revenue | C$439.59M | C$379.80M | C$356.36M | C$255.90M | C$117.14M | C$52.45M |
| Gross profit | C$153.53M | C$142.50M | C$131.31M | C$100.95M | C$63.98M | C$30.81M |
| Selling, general and admin | C$26.05M | C$21.84M | C$26.89M | C$25.97M | C$15.33M | C$6.28M |
| Operating income | -C$14.45M | C$5.00M | -C$41.42M | -C$72.31M | -C$18.67M | C$91.0K |
| Interest expense | - | - | C$1.30M | C$1.90M | C$0 | - |
| Pre-tax income | -C$51.43M | -C$4.40M | -C$48.60M | -C$73.76M | -C$35.77M | -C$6.13M |
| Income tax | -C$25.0K | -C$593.0K | -C$7.64M | -C$2.92M | -C$730.0K | C$229.0K |
| Net income | -C$50.75M | -C$4.34M | -C$39.31M | -C$71.76M | -C$34.36M | -C$6.97M |
| EPS, basic | -C$0.62 | -C$0.05 | -C$0.53 | -C$1.14 | -C$0.84 | -C$0.46 |
| EPS, diluted | -C$0.62 | -C$0.05 | -C$0.53 | -C$1.14 | -C$0.84 | -C$0.46 |
| Diluted shares | 82.2M | 79.6M | 74.3M | 62.8M | 42.4M | 15.3M |
| Line item | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | C$47.88M | C$47.27M | C$30.12M | C$25.08M | C$14.01M | C$7.52M |
| Receivables | C$5.62M | C$3.31M | C$7.57M | C$8.20M | C$7.17M | C$2.86M |
| Inventory | C$67.41M | C$29.34M | C$25.97M | C$23.41M | C$17.04M | C$5.70M |
| Current assets | C$136.88M | C$85.79M | C$68.64M | C$64.06M | C$46.29M | C$19.28M |
| Goodwill | - | - | - | - | C$79.95M | C$18.03M |
| Total assets | C$349.06M | C$246.21M | C$233.40M | C$274.74M | C$246.22M | C$69.81M |
| Current liabilities | C$99.92M | C$61.48M | C$58.14M | C$59.94M | C$40.79M | C$27.46M |
| Long-term debt | C$11.90M | C$65.0K | C$12.51M | C$12.26M | C$11.89M | C$2.59M |
| Total debt | C$11.90M | C$65.0K | C$12.51M | C$12.26M | C$11.89M | C$2.59M |
| Total liabilities | C$246.28M | C$100.70M | C$99.73M | C$112.71M | C$94.21M | C$58.09M |
| Shareholders' equity | C$87.61M | C$143.27M | C$133.67M | C$162.03M | C$152.00M | C$11.72M |
| Line item | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | C$23.87M | C$35.55M | C$20.66M | C$4.50M | -C$2.83M | C$8.85M |
| Capital expenditures | C$10.08M | C$8.22M | C$5.79M | C$7.76M | C$10.56M | C$2.29M |
| Free cash flow | C$13.78M | C$27.33M | C$14.88M | -C$3.26M | -C$13.39M | C$6.55M |
| Investing cash flow | -C$22.29M | -C$11.01M | -C$5.72M | -C$8.59M | -C$28.49M | -C$3.30M |
| Financing cash flow | C$202.0K | -C$7.72M | -C$9.26M | C$15.17M | C$37.81M | C$1.17M |
| Stock-based compensation | C$3.92M | C$2.98M | C$5.03M | C$8.08M | C$4.88M | C$129.0K |
| Depreciation and amortization | C$24.31M | C$25.39M | C$32.76M | C$30.17M | C$23.57M | C$6.80M |
| Line item | Oct 31, 2025 | Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | 13.7% | 7.1% | 36.7% | 97.0% | 117.5% | - |
| Gross margin | 25.8% | 27.3% | 26.9% | 28.3% | 35.3% | 37.0% |
| Operating margin | -2.4% | 1.0% | -8.5% | -20.3% | -10.3% | 0.1% |
| Net margin | -8.5% | -0.8% | -8.1% | -20.1% | -19.0% | -8.4% |
| Free cash flow margin | 2.3% | 5.2% | 3.1% | -0.9% | -7.4% | 7.9% |
| Return on equity | -57.9% | -3.0% | -29.4% | -44.3% | -22.6% | -59.4% |
| Return on assets | -14.5% | -1.8% | -16.8% | -26.1% | -14.0% | -10.0% |
| Current ratio | 1.37 | 1.40 | 1.18 | 1.07 | 1.13 | 0.70 |
| Debt to equity | 0.14 | 0.00 | 0.09 | 0.08 | 0.08 | 0.22 |
Source: XBRL data High Tide Inc. files with the SEC, latest filing dated Jan 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| HITI | C$593.99M | +13.7% | -C$50.75M | -8.5% | $233.6M |
| JD | CN¥1.31T | +13.0% | CN¥19.63B | 1.5% | $38.14B |
| ULTA | $12.96B | +11.2% | $1.21B | 9.3% | $28.44B |
| DKS | $21.15B | +53.5% | $838.83M | 4.0% | $13.13B |
| FCFS | $4.29B | +22.9% | $406.49M | 9.5% | $8.06B |
| BBWI | $7.21B | -2.2% | $781.00M | 10.8% | $4.39B |
| ASO | $6.19B | +3.7% | $395.85M | 6.4% | $4.38B |
| RH | $3.45B | +3.3% | $111.51M | 3.2% | $2.59B |