HITINasdaqRetail-Retail Stores, NECFiscal year ends October 31
High Tide Inc.
Financials through fiscal 2025, year ended Oct 31, 2025
$2.62+0.05 (+1.95%)
Close on Oct 19, 2026
High Tide Inc. revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|
| Bricks-and-mortar | C$565.32M | C$484.44M | – | – | – | – | 95.2% | +16.7% |
| E-commerce | C$18.86M | C$37.86M | – | – | – | – | 3.2% | -50.2% |
| Medical cannabis distribution | C$9.81M | C$0 | – | – | – | – | 1.7% | – |
| Corporate | – | – | C$417.00K | C$122.00K | C$87.00K | C$373.00K | – | – |
| Wholesale | – | – | C$1.69M | C$4.27M | C$7.19M | C$7.91M | – | – |
| Retail | – | – | C$485.57M | C$352.46M | C$173.85M | C$74.98M | – | – |
| E-commerce | – | C$37.86M | C$55.98M | – | – | – | – | – |
| Bricks and Mortar | – | C$484.44M | C$431.69M | – | – | – | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | YoY |
|---|---|---|---|---|---|---|---|
| Bricks-and-mortar | C$22.58M | C$12.18M | – | – | – | – | +85.4% |
| Medical cannabis distribution | -C$2.06M | – | – | – | – | – | – |
| E-commerce | -C$34.97M | -C$7.18M | – | – | – | – | +387.2% |
| Corporate | – | – | -C$27.19M | -C$23.63M | -C$14.50M | -C$3.58M | – |
| Wholesale | – | – | -C$4.68M | -C$1.67M | -C$1.15M | -C$800.00K | – |
| Retail | – | – | -C$9.56M | -C$47.01M | -C$3.02M | C$4.47M | – |
| E-commerce | – | -C$7.18M | -C$32.39M | – | – | – | – |
| Bricks and Mortar | – | C$12.18M | -C$9.03M | – | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|
| Cannabis and Hemp-derived products | C$521.08M | C$452.79M | – | – | – | – | 87.7% | +15.1% |
| Data analytics, advertising and other revenue | C$47.71M | C$36.71M | C$27.41M | C$21.65M | C$12.20M | C$2.19M | 8.0% | +29.9% |
| Consumption accessories | C$25.20M | C$32.80M | C$43.74M | C$45.15M | C$33.94M | C$21.10M | 4.2% | -23.2% |
| Cannabis and CBD | – | – | C$416.51M | C$288.29M | C$132.79M | C$58.32M | – | – |
| Other revenue | – | – | C$1.16M | C$1.76M | C$2.20M | C$1.67M | – | – |
| Cannabis and CBD products | – | C$452.79M | C$416.51M | – | – | – | – | – |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|
| Canada | C$565.32M | C$484.44M | C$431.69M | C$290.44M | C$150.47M | C$72.69M | 95.2% | +16.7% |
| United States | C$18.13M | C$36.06M | C$52.78M | C$59.87M | C$19.95M | C$14.26M | 3.1% | -49.7% |
| International | C$10.54M | C$1.80M | C$3.20M | C$6.55M | C$10.71M | – | 1.8% | +485.4% |
| Europe | – | – | – | – | C$10.71M | C$10.58M | – | – |
| International | – | – | C$3.20M | C$7.09M | C$920.00K | C$635.00K | – | – |
From the segment and revenue-disaggregation notes of High Tide's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.