InsiderClue
Stocks · Consumer discretionary · Retail-Retail Stores, NEC

High Tide Inc.

HITI Clue Score53
Alberta, Canada Fiscal year ends October CIK 0001847409
$2.58 +0.00% Close, 13 Oct 2026
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Price $2.58 −54.90% Close, 13 Oct 2026

Closing prices at the end of each trading day, from 28 Jan 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2020Revenue83.3Operating income0.1Net income−7.0EPS, diluted−0.46Fiscal year 2021Revenue181.1 +117.5%Operating income−18.7Net income−34.4EPS, diluted−0.84Fiscal year 2022Revenue356.9 +97.0%Operating income−72.3Net income−71.8EPS, diluted−1.14Fiscal year 2023Revenue487.7 +36.7%Operating income−41.4Net income−39.3EPS, diluted−0.53Fiscal year 2024Revenue522.3 +7.1%Operating income5.0Net income−4.3EPS, diluted−0.05Fiscal year 2025Revenue594.0 +13.7%Operating income−14.4Net income−50.7EPS, diluted−0.62
FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 83.3 181.1 356.9 487.7 522.3 594.0
Growth +117.5% +97.0% +36.7% +7.1% +13.7%
Operating income 0.1 −18.7 −72.3 −41.4 5.0 −14.4
Net income −7.0 −34.4 −71.8 −39.3 −4.3 −50.7
Growth
EPS, diluted −0.46 −0.84 −1.14 −0.53 −0.05 −0.62

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2020Gross margin37.0%Operating margin0.1%Net margin−8.4%Free cash flow margin7.9%Fiscal year 2021Gross margin35.3%Operating margin−10.3%Net margin−19.0%Free cash flow margin−7.4%Fiscal year 2022Gross margin28.3%Operating margin−20.3%Net margin−20.1%Free cash flow margin−0.9%Fiscal year 2023Gross margin26.9%Operating margin−8.5%Net margin−8.1%Free cash flow margin3.1%Fiscal year 2024Gross margin27.3%Operating margin1.0%Net margin−0.8%Free cash flow margin5.2%Fiscal year 2025Gross margin25.8%Operating margin−2.4%Net margin−8.5%Free cash flow margin2.3%
FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 37.0% 35.3% 28.3% 26.9% 27.3% 25.8%
Operating margin 0.1% −10.3% −20.3% −8.5% 1.0% −2.4%
Net margin −8.4% −19.0% −20.1% −8.1% −0.8% −8.5%
Free cash flow margin 7.9% −7.4% −0.9% 3.1% 5.2% 2.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2020Operating cash flow8.9Capital expenditure−2.3Free cash flow6.6Fiscal year 2021Operating cash flow−2.8Capital expenditure−10.6Free cash flow−13.4 −304.2%Dividends paid−0.5Fiscal year 2022Operating cash flow4.5Capital expenditure−7.8Free cash flow−3.3Dividends paid−2.0Fiscal year 2023Operating cash flow20.7Capital expenditure−5.8Free cash flow14.9Dividends paid−0.5Fiscal year 2024Operating cash flow35.5Capital expenditure−8.2Free cash flow27.3 +83.7%Dividends paid−0.2Fiscal year 2025Operating cash flow23.9Capital expenditure−10.1Free cash flow13.8 −49.6%Dividends paid−1.4
FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 8.9 −2.8 4.5 20.7 35.5 23.9
Capital expenditure −2.3 −10.6 −7.8 −5.8 −8.2 −10.1
Free cash flow 6.6 −13.4 −3.3 14.9 27.3 13.8
Growth −304.2% +83.7% −49.6%
Dividends paid n/a −0.5 −2.0 −0.5 −0.2 −1.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2020Cash and securities7.5Total debt4.5Net cash (debt)3.0Shareholders’ equity10.2Debt to equity0.45Fiscal year 2021Cash and securities14.0Total debt17.5Net cash (debt)−3.5Shareholders’ equity147.2Debt to equity0.12Fiscal year 2022Cash and securities25.1Total debt28.7Net cash (debt)−3.6Shareholders’ equity156.4Debt to equity0.18Fiscal year 2023Cash and securities30.1Total debt28.8Net cash (debt)1.3Shareholders’ equity131.6Debt to equity0.22Fiscal year 2024Cash and securities47.3Total debt26.9Net cash (debt)20.3Shareholders’ equity143.3Debt to equity0.19Fiscal year 2025Cash and securities47.9Total debt29.6Net cash (debt)18.3Shareholders’ equity87.6Debt to equity0.34
FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities 7.5 14.0 25.1 30.1 47.3 47.9
Total debt 4.5 17.5 28.7 28.8 26.9 29.6
Net cash (debt) 3.0 −3.5 −3.6 1.3 20.3 18.3
Shareholders’ equity 10.2 147.2 156.4 131.6 143.3 87.6
Debt to equity 0.45 0.12 0.18 0.22 0.19 0.34

In millions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of CAD, except per-share figures; shares in millions. Fiscal years ending October, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2020 31 Oct 2020 FY2021 31 Oct 2021 FY2022 31 Oct 2022 FY2023 31 Oct 2023 FY2024 31 Oct 2024 FY2025 31 Oct 2025
Assets
7.5 14.0 25.1 30.1 47.3 47.9
2.9 7.2 8.2 7.6 3.3 5.6
5.7 17.0 23.4 26.0 29.3 67.4
13.1 24.8 31.5 27.1 27.5 29.4
18.0 79.9 n/a n/a n/a n/a
69.8 246.2 274.7 233.4 246.2 349.1
Growth +252.7% +11.6% −15.0% +5.5% +41.8%
Liabilities
n/a 4.0 16.4 16.1 12.9 16.2
1.9 1.6 n/a 0.1 14.0 1.5
2.6 11.9 12.3 12.5 0.1 11.9
calc 4.5 17.5 28.7 28.8 26.9 29.6
58.1 94.2 112.7 99.7 100.7 246.3
Equity
−34.4 −87.8 −168.1 −205.9 −209.4 −260.1
10.2 147.2 156.4 131.6 143.3 87.6
Growth +1,347.3% +6.2% −15.9% +8.9% −38.9%
Per share and net cash
calc 3.0 −3.5 −3.6 1.3 20.3 18.3
n/a 54.4 71.0 71.0 80.8 87.2
calc n/a 2.71 2.20 1.85 1.77 1.00

Lines marked calc are worked out here from filed figures; point at one for how. Shown in CAD as filed; the screener converts to dollars.