High Tide Inc. (HITI)

High Tide Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Operating Revenue	568.25	522.31	487.67	356.85	181.12	83.27
Revenue	568.25	522.31	487.67	356.85	181.12	83.27
Revenue Growth (YoY)	11.18%	7.10%	36.66%	97.02%	117.53%	166.07%
Cost of Revenue	421.49	379.8	356.36	255.9	117.14	52.45
Gross Profit	146.76	142.5	131.31	100.95	63.98	30.81
Selling, General & Admin	106.5	98.82	96.18	82.82	49.39	22.51
Operating Expenses	133.67	127.19	133.98	121.07	77.83	29.44
Operating Income	13.09	15.32	-2.66	-20.11	-13.85	1.37
Interest Expense	-14.37	-12.79	-11.64	-9.44	-9.06	-8
Currency Exchange Gain (Loss)	-0.23	-0.02	0.13	-0.31	-0.54	0.08
Other Non Operating Income (Expenses)	1.39	1.2	1.88	6.34	-10.37	-3.05
EBT Excluding Unusual Items	-0.12	3.7	-12.29	-23.52	-33.82	-9.59
Merger & Restructuring Charges	-3.9	-2.61	-2.59	-0.31	-2.69	-
Impairment of Goodwill	-3.47	-3.47	-10.29	-	-	-
Gain (Loss) on Sale of Investments	-	-0.09	0.04	-0.49	-0.55	3.81
Gain (Loss) on Sale of Assets	-	-	-	-	3.31	-
Asset Writedown	-1.5	-1.5	-23.97	-48.68	-2.73	-0.71
Other Unusual Items	-0.52	-0.44	0.51	-0.77	0.72	0.36
Pretax Income	-9.5	-4.4	-48.6	-73.76	-35.77	-6.13
Income Tax Expense	-	-0.59	-7.64	-2.92	-0.73	0.23
Earnings From Continuing Operations	-9.5	-3.81	-40.95	-70.85	-35.04	-6.35
Minority Interest in Earnings	-0.3	-0.53	1.64	-0.91	0.68	-
Net Income	-9.8	-4.34	-39.31	-71.76	-34.36	-6.35
Net Income to Common	-9.8	-4.34	-39.31	-71.76	-34.36	-6.35
Shares Outstanding (Basic)	81	80	74	63	42	15
Shares Outstanding (Diluted)	81	80	74	63	42	15
Shares Change (YoY)	3.52%	7.03%	18.40%	47.95%	177.93%	15.55%
EPS (Basic)	-0.12	-0.05	-0.53	-1.14	-0.81	-0.42
EPS (Diluted)	-0.12	-0.05	-0.53	-1.14	-0.81	-0.42
Free Cash Flow	20.59	27.33	14.88	-3.26	-13.39	6.56
Free Cash Flow Per Share	0.25	0.34	0.20	-0.05	-0.32	0.43
Gross Margin	25.83%	27.28%	26.93%	28.29%	35.33%	37.00%
Operating Margin	2.30%	2.93%	-0.55%	-5.64%	-7.65%	1.65%
Profit Margin	-1.72%	-0.83%	-8.06%	-20.11%	-18.97%	-7.63%
Free Cash Flow Margin	3.62%	5.23%	3.05%	-0.92%	-7.39%	7.87%
EBITDA	14.64	28.99	27.97	-0.69	3.79	8.7
EBITDA Margin	2.58%	5.55%	5.73%	-0.19%	2.09%	10.45%
D&A For EBITDA	1.56	13.67	30.63	19.42	17.64	7.33
EBIT	13.09	15.32	-2.66	-20.11	-13.85	1.37
EBIT Margin	2.30%	2.93%	-0.55%	-5.64%	-7.65%	1.65%
Advertising Expenses	-	4.17	4.14	7.87	3.44	0.43

Updated Sep 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q