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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.

Revenue (FY2025)
CA$594M
+13.7% year on year
Net margin
-8.5%

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
FY21: CA$83.3M CA$83.3M FY21FY21: CA$181.1M CA$181.1M FY21FY22: CA$356.9M CA$356.9M FY22FY23: CA$487.7M CA$487.7M FY23FY24: CA$522.3M CA$522.3M FY24FY25: CA$594M CA$594M FY25
Net income
FY21: -CA$7M -CA$7M FY21FY21: -CA$34.4M -CA$34.4M FY21FY22: -CA$71.8M -CA$71.8M FY22FY23: -CA$39.3M -CA$39.3M FY23FY24: -CA$4.3M -CA$4.3M FY24FY25: -CA$50.7M -CA$50.7M FY25

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

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025CA$594M-CA$14.4M-CA$50.7M-CA$0.62CA$13.8M
2024CA$522.3MCA$5M-CA$4.3M-CA$0.05CA$27.3M
2023CA$487.7M-CA$41.4M-CA$39.3M-CA$0.53CA$14.9M
2022CA$356.9M-CA$72.3M-CA$71.8M-CA$1.14-CA$3.3M
2021CA$181.1M-CA$18.7M-CA$34.4M-CA$0.84-CA$13.4M
2021CA$83.3MCA$91K-CA$7M-CA$0.46CA$6.6M

Latest SEC filings

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

  1. September 23, 2026
  2. September 14, 2026
  3. September 14, 2026
  4. August 31, 2026
  5. August 25, 2026
  6. August 12, 2026
  7. August 12, 2026
  8. August 4, 2026
  9. July 23, 2026
  10. July 16, 2026

All filings on SEC EDGAR

Questions about HITI

What does High Tide Inc. do?

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.

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 September 23, 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.