High Tide (HITI) Operating Expenses (2020 - 2026)
High Tide (HITI) posted quarterly Operating Expenses of -$30.9 million for Q2 2026, down 27.12% year-over-year from -$42.3 million in Q2 2025, and down 1.86% quarter-over-quarter from -$30.3 million in Q1 2026.
High Tide (HITI) Operating Expenses (2020 - 2026) Analysis & Trends
High Tide (HITI) has reported Operating Expenses for 7 consecutive years, with -$30.9 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses fell 27.12% year-over-year to -$30.9 million; the TTM figure through Apr 2026 stood at -$85.9 million (down 45.57% YoY), while the FY2025 annual figure was -$121.1 million, down 20.26% from the prior year.
- Operating Expenses retreated to -$30.9 million in Q2 2026 per HITI's latest filing, from -$30.3 million in the prior quarter.
- Across five years, Operating Expenses topped out at $19.8 million in Q2 2025 and bottomed at -$62.8 million in Q4 2022.
- Historically, Operating Expenses has averaged -$22.5 million across 5 years, with a median of -$24.7 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 252.73% — and 2024, when it soared 5602.61%.
- High Tide's Operating Expenses stood at -$62.8 million in 2022, then increased by 21.12% to -$49.6 million in 2023, then surged by 42.98% to -$28.3 million in 2024, then tumbled by 57.45% to -$44.5 million in 2025, then soared by 30.65% to -$30.9 million in 2026.
- Business Quant data shows HITI's Operating Expenses at -$30.9 million in Q2 2026, -$30.3 million in Q1 2026, and -$44.5 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 215.72 Mn | 182.44 Mn | 35.30 Mn | -30.85 Mn |
| 2 | BioScience Health Innovations | 58.76 Mn | 58.05 Mn | 659,483.00 | 877,365.00 |
| 3 | Petmed Express | 38.29 Mn | 25.19 Mn | 11.33 Mn | 17.57 Mn |
| 4 | Scienture Holdings | 17.81 Mn | 17.81 Mn | 335,779.00 | 3.04 Mn |
| 5 | Polomar Health Services | 8.48 Mn | 8.31 Mn | 935,916.00 | 717,539.00 |
| 6 | Ridgetech | 58,214.34 | -17.85 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | -30.85 Mn |
| Jan 31, 2026 | -30.29 Mn |
| Oct 31, 2025 | -44.49 Mn |
| Jun 30, 2025 | 19.78 Mn |
| Apr 30, 2025 | -24.27 Mn |
| Jan 31, 2025 | -24.92 Mn |
| Oct 31, 2024 | -28.26 Mn |
| Jun 30, 2024 | 18.47 Mn |
| Apr 30, 2024 | -24.57 Mn |
| Jan 31, 2024 | -24.56 Mn |
| Oct 31, 2023 | -49.55 Mn |
| Jun 30, 2023 | 323,836.82 |
| Apr 30, 2023 | -25.28 Mn |
| Jan 31, 2023 | -26.77 Mn |
| Oct 31, 2022 | -62.82 Mn |
| Jun 30, 2022 | 524,723.90 |
| Apr 30, 2022 | -23.90 Mn |
| Jan 31, 2022 | -23.01 Mn |
| Oct 31, 2021 | -17.81 Mn |
| Jun 30, 2021 | 723,225.64 |