High Tide Inc. logo HITI - High Tide Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 3
HOLD 1
SELL 0
STRONG
SELL 0
| PRICE TARGET: $2.70 DETAILS
HIGH: $2.70
LOW: $2.70
MEDIAN: $2.70
CONSENSUS: $2.70
UPSIDE: 5.26%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue
Revenue 594.0 522.3 487.7 356.9 181.1 83.3 31.3 8.7 9.8 8.3
Cost of Revenue 440.5 379.8 356.4 255.9 117.1 52.5 20.0 5.6 5.3 4.0
Gross Profit 153.5 142.5 131.3 101.0 64.0 30.8 11.3 2.9 4.5 4.3
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 113.8 101.8 101.2 90.9 54.3 22.6 29.5 6.6 3.6 2.6
Other Expenses 54.2 35.7 71.5 82.4 28.4 8.1 1.7 (0.0) 0.0 0
Operating Expenses 168.0 137.5 172.7 173.3 82.7 30.7 31.2 6.6 3.6 2.6
Operating Income
Operating Income (14.4) 5.0 (41.4) (72.3) (18.7) 0.1 (19.9) (3.7) 1.0 1.7
Interest Expense 13.4 12.8 11.6 9.9 10.2 7.8 3.3 0 0.1 0
Interest Income 0 0 0 0 0 0 0 0.1 0 0.0
Profitability
EBITDA (13.7) 33.8 (4.2) (33.6) (2.0) 8.7 (22.3) (5.8) 0.7 1.7
EBIT (38.0) 8.4 (37.0) (63.8) (25.5) 1.9 (23.7) (5.9) 0.7 1.6
Income Before Tax (51.4) (4.4) (48.6) (73.8) (35.8) (6.1) (27) (6.0) 0.6 1.7
Income Tax Expense (0.0) (0.6) (7.6) (2.9) (0.7) 0.2 (0.7) (1.5) 0.3 0.5
Net Income (50.7) (4.3) (39.3) (71.8) (34.4) (7.0) (26.3) (4.5) 0.3 1.2
Per Share Data
EPS (Basic) -0.62 -0.05 -0.53 -1.13 -0.83 -0.45 -1.99 -0.36 0.02 0.03
EPS (Diluted) -0.62 -0.05 -0.53 -1.13 -0.83 -0.45 -1.99 -0.35 0.02 0.03
Shares Outstanding 82.2 79.6 74.3 62.8 42.4 15.3 13.2 12.6 13.1 45.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Current Assets
Cash & Cash Equivalents 47.9 65.8 30.1 25.1 14.0 7.5 0.8 8.2 1.1 1.1
Short-Term Investments 0.1 0.7 0.1 0.2 0.9 0.1 0.1 0 0.7 0.2
Net Receivables 5.6 4.6 7.6 7.9 6.5 2.9 2.6 0.9 1.7 1.1
Inventory 67.4 40.8 26.0 23.4 17.0 5.7 6.7 3.5 3.5 3.7
Other Current Assets 0 0 0 0.3 1.0 0 0 0.0 3.2 3.2
Total Current Assets 136.9 119.4 68.6 64.1 46.3 19.3 12.7 17.5 10.5 9.8
Non-Current Assets
Property, Plant & Equipment 77.2 89.1 57.8 62.0 52.7 29.5 12.4 3.6 0.1 0.1
Goodwill 90.1 102.1 76.2 83.4 79.9 6.1 4.1 0 0 0
Intangible Assets 39.4 27.1 27.3 62.1 62.3 12.0 8.0 0.9 0 0
Long-Term Investments 0 0 0.2 0.2 0.5 1.7 0 0.7 0.1 0
Other Non-Current Assets 5.4 5.0 3.3 3.0 4.4 1.0 2.3 1.2 0.1 0.5
Total Non-Current Assets 212.2 223.3 164.8 210.7 199.9 50.5 28.0 8.4 0.7 0.6
Total Assets 349.1 342.7 233.4 274.7 246.2 69.8 40.7 25.9 11.1 10.4
Current Liabilities
Account Payables 27.8 11.2 8.4 7.7 8.7 6.4 4.4 2.5 0.7 0.4
Short-Term Debt 17.7 37.4 25.0 19.1 6.5 16.4 4.3 0.0 0.6 19.1
Deferred Revenue 8.0 2.8 0 0.6 0.2 1.7 0 0 0 0
Other Current Liabilities 10.0 10.1 6.7 9.5 11.8 2.5 2.1 0.0 19.3 0.6
Total Current Liabilities 99.9 85.6 58.1 59.9 40.8 27.5 10.8 2.6 20.7 20.3
Non-Current Liabilities
Long-Term Debt 81.4 10.5 12.5 17.0 19.1 14.0 19.7 0 0 0
Deferred Tax Liabilities 7.1 0.4 1.3 9.6 8.6 2.2 0.7 0 0 0
Other Non-Current Liabilities 17.9 0 0 0 1.7 (0.1) 0 0 0 0
Total Non-Current Liabilities 146.4 54.6 41.6 52.8 53.4 30.6 20.5 0.0 0.0 0.0
Total Liabilities 246.3 140.2 99.7 112.7 94.2 58.1 31.3 2.6 20.8 20.3
Stockholders' Equity
Common Stock 329.6 300.6 288.0 279.5 208.9 32.6 26.3 35.7 0.7 0.0
Retained Earnings (260.1) (209.1) (205.9) (168.1) (87.8) (34.4) (26.7) (30.2) (10.4) (9.9)
Accumulated Other Comprehensive Income 7.3 11.5 5.3 5.7 (0.6) (0.5) (0.4) 17.8 0.1 0
Total Stockholders' Equity 87.6 199.4 131.6 156.3 147.2 10.2 9.6 23.3 (9.7) (9.9)
Total Liabilities & Equity 349.1 342.7 233.4 274.7 246.2 69.8 40.7 25.9 11.1 10.4
Debt Metrics
Total Debt 148.9 103.9 72.5 69.9 55.4 47.0 24.0 0.1 0.7 19.2
Net Debt 101.0 38.1 42.4 44.8 41.4 39.4 23.2 (8.1) (0.4) 18.0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Operating Activities
Net Income (51.4) (3.8) (41.0) (70.8) (35.0) (6.4) (26.3) (4.5) 0.3 1.2
Depreciation & Amortization 24.3 25.4 32.8 30.2 23.6 6.8 1.4 0.1 0.0 0.1
Stock-Based Compensation 3.9 3.0 5.0 8.1 4.9 0.1 2.2 0.1 0 0
Change in Working Capital (0.3) 3.0 (4.9) (4.6) (9.9) 5.2 2.2 (5.1) 0.7 (1.7)
Other Non-Cash Items 47.4 8.5 36.3 44.6 14.4 2.9 6.7 2.1 (0.2) 0.7
Operating Cash Flow 23.9 35.5 20.7 4.5 (2.8) 8.8 (14.5) (8.8) 1.0 0.3
Investing Activities
Capital Expenditure (10.6) (9.8) (6.1) (9.1) (10.7) (2.8) (10.4) (4.2) (0.1) (0.0)
Acquisitions (12.3) (0.6) 0.3 0.5 (19.7) (2.2) (6.5) 0 0 0
Purchases of Investments 0 (0.7) 0 0 (0.5) 0 0 0 (0.5) 0
Sales/Maturities of Investments 0.6 0 0.1 0 0 1.7 0 0 0 0
Other Investing Activities (0.2) (0.7) (0.3) (1.3) 2.3 (0.5) (2.3) (0.6) 0 0.8
Investing Cash Flow (22.3) (11.0) (5.7) (8.6) (28.5) (3.3) (16.9) (4.2) (0.5) 0.8
Financing Activities
Net Debt Issuance 1.3 (10.9) (11.4) (3.8) (10.1) 3.4 24.4 0.5 0.0 (0.0)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0
Dividends Paid (1.4) (0.2) (0.5) (2.0) 0 0 0 (1.2) (0.6) (0.2)
Other Financing Activities (0.3) (0.1) (0.0) (1.0) 9.3 (2.3) (0.4) 16.9 0 0
Financing Cash Flow 0.2 (7.7) (9.3) 15.2 37.8 1.2 24.0 20.1 (0.6) (0.2)
Cash Position
Net Change in Cash 0.6 17.1 5.0 11.1 6.5 6.7 (7.4) 7.1 (0.0) 0.9
Cash at Beginning 47.3 30.1 25.1 14.0 7.5 0.8 8.2 1.1 1.1 0.2
Cash at End 47.9 47.3 30.1 25.1 14.0 7.5 0.8 8.2 1.1 1.1
Free Cash Flow 13.2 25.8 14.6 (4.6) (13.5) 6.1 (24.9) (13.0) 1.0 0.3
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Income Statement
Revenue 594.0 522.3 487.7 356.9 181.1 83.3 31.3 8.7 9.8 8.3
Gross Profit 153.5 142.5 131.3 101.0 64.0 30.8 11.3 2.9 4.5 4.3
Operating Income (14.4) 5.0 (41.4) (72.3) (18.7) 0.1 (19.9) (3.7) 1.0 1.7
Net Income (50.7) (4.3) (39.3) (71.8) (34.4) (7.0) (26.3) (4.5) 0.3 1.2
EPS (Diluted) -0.62 -0.05 -0.53 -1.13 -0.83 -0.45 -1.99 -0.35 0.02 0.03
Balance Sheet
Cash & Equivalents 47.9 65.8 30.1 25.1 14.0 7.5 0.8 8.2 1.1 1.1
Total Assets 349.1 342.7 233.4 274.7 246.2 69.8 40.7 25.9 11.1 10.4
Total Debt 148.9 103.9 72.5 69.9 55.4 47.0 24.0 0.1 0.7 19.2
Stockholders' Equity 87.6 199.4 131.6 156.3 147.2 10.2 9.6 23.3 (9.7) (9.9)
Cash Flow
Operating Cash Flow 23.9 35.5 20.7 4.5 (2.8) 8.8 (14.5) (8.8) 1.0 0.3
Capital Expenditure (10.6) (9.8) (6.1) (9.1) (10.7) (2.8) (10.4) (4.2) (0.1) (0.0)
Free Cash Flow 13.2 25.8 14.6 (4.6) (13.5) 6.1 (24.9) (13.0) 1.0 0.3