Quarterly ResultJun 15, 2026, 04:07 PM
High Tide Inc. Q1 Revenue $179.3M; Swings to Net Income
AI Summary
High Tide Inc. has released its unaudited condensed interim consolidated financial statements for the three and six months ended April 30, 2026. The company reported significant revenue growth, with Q1 revenue reaching $179.3 million and six-month revenue at $357.6 million. Notably, High Tide swung to a net income of $0.02 million for the quarter, a substantial improvement from a net loss in the prior year, and reduced its six-month net loss to $0.33 million. The company's balance sheet shows total assets of $347.9 million and shareholders' equity of $101.9 million as of April 30, 2026.
Key Highlights
- High Tide Inc. reported revenue of $179.3 million for the three months ended April 30, 2026, an increase from $137.8 million in the prior year.
- For the six months ended April 30, 2026, revenue was $357.6 million, up from $280.3 million in the same period last year.
- Net income for the three months ended April 30, 2026, was $0.02 million, compared to a net loss of $2.84 million in the prior year.
- The company reported a net loss of $0.33 million for the six months ended April 30, 2026, an improvement from a loss of $5.53 million in the prior year.
- Total assets as of April 30, 2026, were $347.9 million, a slight decrease from $349.1 million as of October 31, 2025.
- Total liabilities decreased to $246.0 million as of April 30, 2026, from $246.3 million as of October 31, 2025.
- Shareholders' equity increased to $101.9 million as of April 30, 2026, from $102.8 million as of October 31, 2025.
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