High Tide Inc. (HITI) — Financial statements
Income statement, balance sheet, and cash flow for High Tide Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 594↑13.7% | 522↑7.1% | 488↑36.7% | 357↑97.0% | 181 | |
| Cost of Revenue | 440↑16.0% | 380↑6.6% | 356↑39.3% | 256↑118.5% | 117 | |
| Gross Profit | 154↑7.7% | 143↑8.5% | 131↑30.1% | 101↑57.8% | 64 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 111↑13.3% | 98↑0.6% | 97↑16.9% | 83↑63.4% | 51 | |
| Selling & Marketing Expenses | 3↓23.5% | 4↑0.5% | 4↓47.3% | 8↑128.5% | 3 | |
| SG&A Expenses | 114↑11.8% | 102↑0.6% | 101↑11.4% | 91↑67.5% | 54 | |
| Other Expenses | 54↑51.8% | 36↓50.1% | 72↓13.2% | 82↑190.1% | 28 | |
| Operating Expenses | 168↑22.2% | 137↓20.4% | 173↓0.3% | 173↑109.6% | 83 | |
| Total Costs & Expenses | 608↑17.6% | 517↓2.2% | 529↑23.3% | 429↑114.8% | 200 | |
| Operating Results | ||||||
| Operating Income | -14↓388.8% | 5↑112.1% | -41↑42.7% | -72↓287.2% | -19 | |
| Depreciation & Amortization | 24↓4.3% | 25↓22.5% | 33↑8.6% | 30↑28.0% | 24 | |
| EBITDA | -14↓140.7% | 34↑904.3% | -4↑87.5% | -34↓1615.8% | -2 | |
| EBIT | -38↓553.6% | 8↑122.7% | -37↑42.1% | -64↓150.0% | -26 | |
| Interest & Other Income | ||||||
| Net Interest Income | -13↓4.6% | -13↓10.0% | -12↓17.0% | -10↑2.9% | -10 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 13↑4.6% | 13↑10.0% | 12↑17.0% | 10↓2.9% | 10 | |
| Non-Operating Income | 24↑797.0% | -3↑24.1% | -4↑47.5% | -8↓224.0% | 7 | |
| Other Income / Expenses | -37↓293.1% | -9↓31.2% | -7↓393.5% | -1↑91.5% | -17 | |
| Income Before Tax | -51↓1067.8% | -4↑90.9% | -49↑34.1% | -74↓106.2% | -36 | |
| Income Tax Expense | -0.03↑95.8% | -0.59↑92.2% | -8↓162.2% | -3↓299.3% | -0.73 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -51↓1248.8% | -4↑90.7% | -41↑42.2% | -71↓102.2% | -35 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -51↓1070.1% | -4↑89.0% | -39↑45.2% | -72↓108.9% | -34 | |
| Bottom-Line Net Income | -51↓1070.1% | -4↑89.0% | -39↑45.2% | -72↓108.9% | -34 | |
| EPS (Basic) | -0.62↓1037.6% | -0.05↑89.7% | -0.53↑53.1% | -1.13↓36.1% | -0.83 | |
| EPS (Diluted) | -0.62↓1037.6% | -0.05↑89.7% | -0.53↑53.1% | -1.13↓36.1% | -0.83 | |
| Weighted Average Shares | 82↑3.3% | 80↑7.0% | 74↑18.4% | 63↑47.9% | 42 | |
| Weighted Average Diluted Shares | 82↑3.3% | 80↑7.0% | 74↑18.4% | 63↑47.9% | 42 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.