High Tide Inc

(a) Capital structure and liquidity cannot be fully assessed due to the absence of balance-sheet line items such as cash, debt, or current liabilities in the provided data. The company has 87,235,986 basic and diluted shares outstanding, indicating no immediate dilution from options or warrants in the current snapshot. The market capitalization stands at approximately $193.7 million, derived from a share price of $2.22. Without balance-sheet inputs, liquidity risk remains unknown, and no going-concern language was identified in source documents.

(b) Profitability and return metrics are not available in the valuation snapshot, as key ratios such as P/E, ROE, ROA, and EV/EBITDA are absent. Consequently, comparisons to cohort medians or industry benchmarks for profitability cannot be made. The lack of financial performance data prevents an assessment of the company’s economic quality or margin profile relative to peers.

High Tide Inc (HITI.O) has experienced no material changes in its operational or financial profile relative to prior analysis. A comprehensive review of 17 key fields confirmed the absence of significant developments, with only four schema-expansion fields excluded from this assessment. Consequently, there are no new events, figures, or strategic shifts to report for the company at this time. The lack of material change is further underscored by a complete absence of market signals. Watcher signals are empty, and cross-source data indicates zero dispatches per day over the 30-day period ending in July 2026. This silence suggests a period of low activity or visibility in the news cycle and market commentary surrounding the stock. From a structural perspective, High Tide Inc currently lists zero officers, zero analysts, and zero index memberships. The company’s ownership structure is characterized by a top holder count of two. These static metrics provide the baseline context for the current lack of dynamic changes, reflecting a stable but inactive corporate footprint in the available data. Given the absence of new material information, the significance of this period lies in its continuity rather than transformation. Investors and observers should note that the company’s status remains unchanged, with no new catalysts identified in the recent data window. The available financial and estimate citations [doc:hiti.o-ha-financials] [doc:hiti.o-ha-estimates] remain the primary reference points, as no new developments have altered the existing narrative.

Revenue $179.3M, +30,1% YoY; Operating income +687,7% YoY.

• ▍Revenue $179.3M, +30,1% YoY
• ▍Operating income +687,7% YoY
• ▍Net income +93,2% YoY
• ▍Free cash flow +812,4% YoY
• ▍Net margin -0.1%

Revenue $178.3M, +25,2% YoY; Operating income −4,3% YoY.

• ▍Revenue $178.3M, +25,2% YoY
• ▍Operating income −4,3% YoY
• ▍Net income +142,9% YoY
• ▍Free cash flow +1 189,0% YoY
• ▍Net margin 0.7%

Revenue $164.0M, +18,6% YoY; Operating income −506,8% YoY.

• ▍Revenue $164.0M, +18,6% YoY
• ▍Operating income −506,8% YoY
• ▍Net income −873,3% YoY
• ▍Free cash flow −2 878,1% YoY
• ▍Net margin -27.8%

Revenue $149.7M, +13,7% YoY; Operating income −6,1% YoY.

• ▍Revenue $149.7M, +13,7% YoY
• ▍Operating income −6,1% YoY
• ▍Net income −16,6% YoY
• ▍Free cash flow +57,8% YoY
• ▍Net margin 0.4%

Revenue $137.8M; Operating income -$684.0k.

• ▍Revenue $137.8M
• ▍Operating income -$684.0k
• ▍Net margin -2.1%

Revenue $142.5M; Operating income -$563.0k.

• ▍Revenue $142.5M
• ▍Operating income -$563.0k
• ▍Net margin -2.0%

Revenue $138.3M; Operating income -$3.6M.

• ▍Revenue $138.3M
• ▍Operating income -$3.6M
• ▍Net margin -3.4%

Revenue $131.7M; Operating income $3.0M.

• ▍Revenue $131.7M
• ▍Operating income $3.0M
• ▍Net margin 0.5%

Revenue $594.0M, +13,7% YoY; Operating income −1 137,2% YoY.

• ▍Revenue $594.0M, +13,7% YoY
• ▍Operating income −1 137,2% YoY
• ▍Net income −1 070,1% YoY
• ▍Free cash flow −419,0% YoY
• ▍Net margin -8.5%

Revenue $522.3M, +7,1% YoY; Operating income +104,7% YoY.

• ▍Revenue $522.3M, +7,1% YoY
• ▍Operating income +104,7% YoY
• ▍Net income +89,0% YoY
• ▍Free cash flow +182,9% YoY
• ▍Net margin -0.8%

Revenue $487.7M, +36,7% YoY; Operating income +42,8% YoY.

• ▍Revenue $487.7M, +36,7% YoY
• ▍Operating income +42,8% YoY
• ▍Net income +45,2% YoY
• ▍Free cash flow +71,2% YoY
• ▍Net margin -8.1%

Revenue $356.9M, +97,0% YoY; Operating income −303,4% YoY.

• ▍Revenue $356.9M, +97,0% YoY
• ▍Operating income −303,4% YoY
• ▍Net income −100,9% YoY
• ▍Free cash flow −123,7% YoY
• ▍Net margin -20.1%