High Tide Income Statement

Financials in millions CAD. Fiscal year is November - October.

Millions CAD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	593.99	522.31	487.67	356.85	181.12
Revenue Growth (YoY)	13.72%	7.10%	36.66%	97.02%	117.53%
Cost of Revenue	439.59	379.8	356.36	255.9	117.14
Gross Profit	153.53	142.5	131.31	100.95	63.98
Selling, General & Admin	113.78	101.79	101.21	90.9	54.27
Depreciation & Amortization Expenses	24.31	25.39	32.76	30.17	23.57
Other Operating Expenses	24.43	4.96	34.27	48.68	2.73
Total Operating Expenses	162.52	132.15	168.24	169.75	80.57
Operating Income	-8.99	10.35	-36.93	-68.79	-16.58
Interest Expense	-6.32	-5.35	-4.5	-3.52	-2.09
Other Non-Operating Income (Expense)	-11.25	11.39	12.31	20.28	10.09
Total Non-Operating Income (Expense)	-17.57	6.04	7.81	16.77	7.99
Pretax Income	-26.56	16.4	-29.11	-52.03	-8.59
Provision for Income Taxes	0.56	1.8	5.8	3.68	4.67
Net Income	-50.75	-4.34	-39.31	-71.76	-34.36
Minority Interest in Earnings	-0.66	0.53	-1.64	0.91	-0.68
Net Income to Common	-50.75	-4.34	-39.31	-71.76	-34.36
Shares Outstanding (Basic)	82	80	74	63	42
Shares Outstanding (Diluted)	82	80	74	63	42
Shares Change (YoY)	3.29%	7.26%	18.15%	47.95%	207.19%
EPS (Basic)	-0.62	-0.05	-0.53	-1.14	-0.84
EPS (Diluted)	-0.62	-0.05	-0.53	-1.14	-0.84
Free Cash Flow	17.87	35.12	14.88	-3.26	-13.39
Free Cash Flow Growth	-49.13%	136.11%	-	-	-
Free Cash Flow Per Share	0.22	0.44	-	-0.05	-0.32
Gross Margin	25.85%	27.28%	26.93%	28.29%	35.33%
Operating Margin	-1.51%	1.98%	-7.57%	-19.28%	-9.16%
Profit Margin	-8.65%	-0.73%	-8.40%	-19.85%	-19.34%
FCF Margin	3.01%	6.72%	3.05%	-0.91%	-7.39%
EBITDA	15.32	35.75	-4.17	-38.63	6.98
EBITDA Margin	2.58%	6.84%	-0.85%	-10.82%	3.85%
EBIT	-8.99	10.35	-36.93	-68.79	-16.58
EBIT Margin	-1.51%	1.98%	-7.57%	-19.28%	-9.16%
Effective Tax Rate	-2.09%	10.95%	-19.92%	-7.07%	-54.37%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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