NASDAQ · Consumer discretionary

High Tide Inc. (HITI)

High Tide Inc. reported revenue of CA$594M in fiscal 2025, up 13.7% from a year earlier. It posted a net loss of CA$50.7M. Operating cash flow minus capital spending left CA$13.8M of free cash flow in fiscal 2025. At October 31, 2025 it held CA$47.9M in cash against CA$13.4M of debt. Its latest periodic report to the SEC is the annual report (Canadian issuer) (amended) (40-F/A) filed on February 3, 2026.

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Price

$2.63

0.00% on the day · November 6, 2026

52-week range $2.02 to $3.07

Market cap

$231.2M

Revenue (FY2025)

CA$594M

+13.7% year on year

Net margin

-8.5%

Key facts about High Tide Inc.

Net worth: High Tide Inc. has a market value (market cap) of $231.2M at the latest share price, and shareholders' equity of CA$87.6M on its balance sheet at October 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit: In fiscal 2025 revenue was CA$594M (+13.7% year on year), with a net loss of CA$50.7M.
Cash flow: In fiscal 2025 operations brought in CA$23.9M of cash; after CA$10.1M of capital spending, free cash flow was CA$13.8M.
Latest report: The latest periodic report (annual report (Canadian issuer) (amended), 40-F/A) was filed with the SEC on February 3, 2026 and covers the period to October 31, 2025. Open on SEC EDGAR

What High Tide Inc. does

High Tide Inc. is registered with the SEC under industry code SIC 5990 (Retail-Retail Stores, NEC). Its shares trade on NASDAQ under the ticker HITI.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in CAD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	CA$594M	-CA$14.4M	-CA$50.7M	-CA$0.62	CA$13.8M
2024	CA$522.3M	CA$5M	-CA$4.3M	-CA$0.05	CA$27.3M
2023	CA$487.7M	-CA$41.4M	-CA$39.3M	-CA$0.53	CA$14.9M
2022	CA$356.9M	-CA$72.3M	-CA$71.8M	-CA$1.14	-CA$3.3M
2021	CA$181.1M	-CA$18.7M	-CA$34.4M	-CA$0.84	-CA$13.4M
2021	CA$83.3M	CA$91K	-CA$7M	-CA$0.46	CA$6.6M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where HITI ranks in Consumer discretionary

Revenue growth+13.7%

#206 of 952 in Consumer discretionary · Top 22%

Net margin-8.5%

#779 of 968 in Consumer discretionary · Bottom 20%

Free cash flow margin2.3%

#524 of 853 in Consumer discretionary · Bottom 39%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Dividends

It paid out CA$1.4M in cash dividends.

Fiscal year	Per share	Paid out	Of profit
2025	n/a	CA$1.4M	n/a
2024	n/a	CA$200K	n/a
2023	n/a	CA$462K	n/a
2022	n/a	CA$2M	n/a
2021	n/a	CA$500K	n/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What High Tide Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

October 9, 2026
Foreign issuer update 6-K
October 1, 2026
Foreign issuer update 6-K
September 28, 2026
Foreign issuer update 6-K
September 23, 2026
Foreign issuer update 6-K
September 14, 2026
Foreign issuer update 6-K
September 14, 2026
Foreign issuer update 6-K
August 31, 2026
Foreign issuer update 6-K
August 25, 2026
Foreign issuer update 6-K
August 12, 2026
Foreign issuer update 6-K
August 12, 2026
Foreign issuer update 6-K

Insider trades

What the people running High Tide Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)

last 90 days

Sold

last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about HITI

What does High Tide Inc. do?

High Tide Inc. is a company in the Consumer discretionary sector, listed on NASDAQ as HITI. Its shares trade on NASDAQ under the ticker HITI.

What is High Tide Inc.'s net worth?

High Tide Inc. has a market value (market cap) of $231.2M at the latest share price, and shareholders' equity of CA$87.6M on its balance sheet at October 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is High Tide Inc. profitable?

No. In fiscal 2025 it reported a net loss of CA$50.7M on revenue of CA$594M.

How much revenue does High Tide Inc. make?

In fiscal 2025 High Tide Inc. reported revenue of CA$594M. That is 13.7% more than a year earlier.

When did High Tide Inc. last report?

Its most recent periodic report is the annual report (Canadian issuer) (amended) (40-F/A) filed on February 3, 2026. It covers the period to October 31, 2025. Its newest filing of any kind is the foreign issuer update from October 9, 2026.

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Where the numbers come from

Financial figures are the values High Tide Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.