High Tide (HITI) Operating Expenses (2020 - 2026)
High Tide (HITI) reported Operating Expenses of -$30.3 million for Q1 2026, down 21.57% year-over-year from -$38.6 million in Q1 2025, and up 31.91% quarter-over-quarter from -$44.5 million in Q4 2025.
High Tide (HITI) Operating Expenses (2020 - 2026) Analysis & Trends
High Tide (HITI) has 7 years of Operating Expenses data on file, last reported at -$30.3 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$30.3 million, down 21.57% year-over-year; the trailing twelve-month figure through Jan 2026 was -$125.5 million (down 70.35% YoY), and the FY2025 annual result was -$121.1 million, down 20.26% from the prior year.
- Operating Expenses grew to -$30.3 million in Q1 2026 per HITI's latest filing, from -$44.5 million in the prior quarter.
- Over five years, Operating Expenses peaked at $4.1 million in Q2 2024 and troughed at -$62.8 million in Q4 2022.
- A 5-year average of -$28.5 million and a median of -$25.3 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses slumped 252.73% in 2022, then jumped 42.98% in 2024.
- A 5-year view of Operating Expenses shows it stood at -$62.8 million in 2022, then grew by 21.12% to -$49.6 million in 2023, then jumped by 42.98% to -$28.3 million in 2024, then slumped by 57.45% to -$44.5 million in 2025, then soared by 31.91% to -$30.3 million in 2026.
- Business Quant data shows HITI's Operating Expenses at -$30.3 million in Q1 2026, -$44.5 million in Q4 2025, and -$26.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 558.20 Mn | 531.28 Mn | 32.00 Mn | -30.29 Mn |
| 2 | Wellgistics Health | 385.01 Mn | 384.95 Mn | 170,221.00 | 6.19 Mn |
| 3 | Petmed Express | 35.71 Mn | 8.80 Mn | 9.46 Mn | 19.93 Mn |
| 4 | Scienture Holdings | 14.72 Mn | 14.72 Mn | 53,850.00 | 3.56 Mn |
| 5 | Ridgetech | 15.50 | -4.11 Mn | - | - |
| 6 | Scientist Home Future Health | - | - | 32,589.00 | 185,315.00 |
| 7 | BioScience Health Innovations | - | - | 485,596.00 | 715,503.00 |
| 8 | Rest Ez | - | - | - | - |
| 9 | Polomar Health Services | - | - | 550,489.00 | 557,391.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -30.29 Mn |
| Oct 31, 2025 | -44.49 Mn |
| Jul 31, 2025 | -26.46 Mn |
| Apr 30, 2025 | -24.27 Mn |
| Jan 31, 2025 | -24.92 Mn |
| Oct 31, 2024 | -28.26 Mn |
| Jun 30, 2024 | 4.06 Mn |
| Apr 30, 2024 | -24.57 Mn |
| Jan 31, 2024 | -24.56 Mn |
| Oct 31, 2023 | -49.55 Mn |
| Jul 31, 2023 | -26.40 Mn |
| Apr 30, 2023 | -25.28 Mn |
| Jan 31, 2023 | -26.77 Mn |
| Oct 31, 2022 | -62.82 Mn |
| Jul 31, 2022 | -23.66 Mn |
| Apr 30, 2022 | -23.90 Mn |
| Jan 31, 2022 | -23.01 Mn |
| Oct 31, 2021 | -17.81 Mn |
| Jul 31, 2021 | -19.49 Mn |
| Apr 30, 2021 | -15.50 Mn |