High Tide (HITI) Cost of Revenue (2020 - 2026)
High Tide (HITI) reported Cost of Revenue of $96.0 million for Q1 2026, up 27.34% year-over-year from $75.4 million in Q1 2025, and up 10.39% quarter-over-quarter from $87.0 million in Q4 2025.
High Tide (HITI) Cost of Revenue (2020 - 2026) Analysis & Trends
High Tide (HITI) has 7 years of Cost of Revenue data on file, last reported at $96.0 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $96.0 million, up 27.34% year-over-year; the trailing twelve-month figure through Jan 2026 was $334.6 million (up 17.75% YoY), and the FY2025 annual result was $316.9 million, up 13.94% from the prior year.
- Cost of Revenue climbed to $96.0 million in Q1 2026 per HITI's latest filing, from $87.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $96.0 million in Q1 2026 and troughed at $38.9 million in Q1 2022.
- A 5-year average of $67.6 million and a median of $67.7 million in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue soared 124.15% in 2022, then grew 2.55% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $59.3 million in 2022, then gained by 17.1% to $69.4 million in 2023, then climbed by 8.18% to $75.1 million in 2024, then advanced by 15.82% to $87.0 million in 2025, then advanced by 10.39% to $96.0 million in 2026.
- Business Quant data shows HITI's Cost of Revenue at $96.0 million in Q1 2026, $87.0 million in Q4 2025, and $79.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 549.85 Mn | 522.94 Mn | 32.00 Mn | 96.00 Mn |
| 2 | Wellgistics Health | 380.82 Mn | 380.77 Mn | 170,221.00 | 1.39 Mn |
| 3 | Petmed Express | 35.82 Mn | 8.90 Mn | 9.46 Mn | 31.20 Mn |
| 4 | Scienture Holdings | 14.33 Mn | 14.33 Mn | 53,850.00 | 2,475.00 |
| 5 | Ridgetech | 17.20 | -4.11 Mn | - | - |
| 6 | Scientist Home Future Health | - | - | 32,589.00 | 55,486.00 |
| 7 | BioScience Health Innovations | - | - | 485,596.00 | 265,350.00 |
| 8 | Rest Ez | - | - | - | - |
| 9 | Polomar Health Services | - | - | 550,489.00 | 455,030.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 96.00 Mn |
| Jan 31, 2026 | 96.00 Mn |
| Oct 31, 2025 | 86.97 Mn |
| Oct 31, 2025 | 86.97 Mn |
| Jul 31, 2025 | 79.76 Mn |
| Jul 31, 2025 | 79.76 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 |
| Jul 31, 2023 | 67.26 Mn |
| Jul 31, 2023 | 67.26 Mn |