High Tide (HITI) Cost of Revenue (2020 - 2026)
High Tide (HITI) posted quarterly Cost of Revenue of $94.9 million for Q2 2026, up 31.99% year-over-year from $71.9 million in Q2 2025, and down 1.13% quarter-over-quarter from $96.0 million in Q1 2026.
High Tide (HITI) Cost of Revenue (2020 - 2026) Analysis & Trends
High Tide (HITI) has reported Cost of Revenue for 7 consecutive years, with $94.9 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Cost of Revenue rose 31.99% year-over-year to $94.9 million; the TTM figure through Apr 2026 stood at $349.8 million (up 21.46% YoY), while the FY2025 annual figure was $316.9 million, up 13.94% from the prior year.
- Cost of Revenue declined to $94.9 million in Q2 2026 per HITI's latest filing, from $96.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $96.0 million in Q1 2026 and bottomed at $38.9 million in Q1 2022.
- Historically, Cost of Revenue has averaged $69.7 million across 5 years, with a median of $68.8 million in 2024.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 124.15% — and 2024, when it grew 2.55%.
- High Tide's Cost of Revenue stood at $59.3 million in 2022, then advanced by 17.1% to $69.4 million in 2023, then grew by 8.18% to $75.1 million in 2024, then climbed by 15.82% to $87.0 million in 2025, then climbed by 9.14% to $94.9 million in 2026.
- Business Quant data shows HITI's Cost of Revenue at $94.9 million in Q2 2026, $96.0 million in Q1 2026, and $87.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 215.72 Mn | 182.44 Mn | 35.30 Mn | 94.92 Mn |
| 2 | BioScience Health Innovations | 58.76 Mn | 58.05 Mn | 659,483.00 | 376,881.00 |
| 3 | Petmed Express | 38.29 Mn | 25.19 Mn | 11.33 Mn | 29.68 Mn |
| 4 | Scienture Holdings | 17.81 Mn | 17.81 Mn | 335,779.00 | 7,860.00 |
| 5 | Polomar Health Services | 8.48 Mn | 8.31 Mn | 935,916.00 | 592,789.00 |
| 6 | Ridgetech | 58,214.34 | -17.85 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 94.92 Mn |
| Apr 30, 2026 | 94.92 Mn |
| Jan 31, 2026 | 96.00 Mn |
| Jan 31, 2026 | 96.00 Mn |
| Oct 31, 2025 | 86.97 Mn |
| Oct 31, 2025 | 86.97 Mn |
| Apr 30, 2025 | 71.91 Mn |
| Apr 30, 2025 | 71.91 Mn |
| Jan 31, 2025 | 75.39 Mn |
| Jan 31, 2025 | 75.39 Mn |
| Oct 31, 2024 | 75.09 Mn |
| Oct 31, 2024 | 75.09 Mn |
| Apr 30, 2024 | 65.61 Mn |
| Apr 30, 2024 | 65.61 Mn |
| Jan 31, 2024 | 68.11 Mn |
| Jan 31, 2024 | 68.11 Mn |
| Oct 31, 2023 | 69.41 Mn |
| Oct 31, 2023 | 69.41 Mn |
| Apr 30, 2023 | 63.98 Mn |
| Apr 30, 2023 | 63.98 Mn |