High Tide Income Statement

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

Millions CAD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	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	629.85	593.99	522.31	487.67	356.85	181.12
Revenue Growth (YoY)	17.36%	13.72%	7.10%	36.66%	97.02%	117.53%
Cost of Revenue	465.8	439.59	379.8	356.36	255.9	117.14
Gross Profit	162.5	153.53	142.5	131.31	100.95	63.98
Selling, General & Admin	117.99	113.78	101.79	101.21	90.9	54.27
Depreciation & Amortization Expenses	26.49	24.31	25.39	32.76	30.17	23.57
Other Operating Expenses	0.69	24.43	4.96	34.27	48.68	2.73
Total Operating Expenses	145.17	162.52	132.15	168.24	169.75	80.57
Operating Income	17.33	-8.99	10.35	-36.93	-68.79	-16.58
Interest Expense	-6.6	-6.32	-5.35	-4.5	-3.52	-2.09
Other Non-Operating Income (Expense)	-4.45	-11.25	11.39	12.31	20.28	10.09
Total Non-Operating Income (Expense)	-11.04	-17.57	6.04	7.81	16.77	7.99
Pretax Income	6.28	-26.56	16.4	-29.11	-52.03	-8.59
Provision for Income Taxes	0.56	0.56	1.8	5.8	3.68	4.67
Net Income	-46.73	-50.75	-4.34	-39.31	-71.76	-34.36
Minority Interest in Earnings	-2.33	-0.66	0.53	-1.64	0.91	-0.68
Net Income to Common	-46.73	-50.75	-4.34	-39.31	-71.76	-34.36
Shares Outstanding (Basic)	84	82	80	74	63	42
Shares Outstanding (Diluted)	86	82	80	74	63	42
Shares Change (YoY)	7.43%	3.29%	7.26%	18.15%	47.95%	207.19%
EPS (Basic)	-0.58	-0.62	-0.05	-0.53	-1.14	-0.84
EPS (Diluted)	-0.58	-0.62	-0.05	-0.53	-1.14	-0.84
Shares Outstanding	87.84	87.48	79.56	75.3	71.02	54.36
Free Cash Flow	-4.32	17.87	35.12	14.88	-3.26	-13.39
Free Cash Flow Growth	-	-49.13%	136.11%	-	-	-
Free Cash Flow Per Share	-0.05	0.22	0.44	-	-0.05	-0.32
Gross Margin	25.80%	25.85%	27.28%	26.93%	28.29%	35.33%
Operating Margin	2.75%	-1.51%	1.98%	-7.57%	-19.28%	-9.16%
Profit Margin	-7.79%	-8.65%	-0.73%	-8.40%	-19.85%	-19.34%
FCF Margin	-0.69%	3.01%	6.72%	3.05%	-0.91%	-7.39%
EBITDA	43.82	15.32	35.75	-4.17	-38.63	6.98
EBITDA Margin	6.96%	2.58%	6.84%	-0.85%	-10.82%	3.85%
EBIT	17.33	-8.99	10.35	-36.93	-68.79	-16.58
EBIT Margin	2.75%	-1.51%	1.98%	-7.57%	-19.28%	-9.16%
Effective Tax Rate	8.86%	-2.09%	10.95%	-19.92%	-7.07%	-54.37%

Updated Jan 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q