High Tide (HITI) Operating Leases (2020 - 2026)
High Tide's Operating Leases came in at $36.94 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 68.8% from $21.88 million a year earlier and up 5.7% from the prior quarter.
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Analysis
High Tide (HITI) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025 (ended Oct 31, 2025), High Tide's Operating Leases was $28.6 million, up 26.7% from FY2024.
- Operating Leases has increased in each of the last three fiscal years, with a five-year compound annual growth rate of 21.3% (FY2020 to FY2025).
- Going back by fiscal year, Operating Leases was $22.57 million in FY2024 (+12.2%), $20.12 million in FY2023 (+4.7%), $19.21 million in FY2022 (-1.4%) and $19.47 million in FY2021 (+79.2%).
- The fiscal Q3 2026 figure represents the highest quarterly Operating Leases in data going back to fiscal Q4 2020.
- Year-over-year, Operating Leases has increased for 12 consecutive quarters, with growth averaging 26.9% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in fiscal Q4 2021 (growth of 79.2%), and the weakest in fiscal Q1 2023 (a decline of 6.6%).
- Business Quant data shows HITI's Operating Leases at $34.94 million (Q2 2026), $31.86 million (Q1 2026) and $28.6 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 313.16 Bn | 292.80 Bn | 7.66 Bn |
| 2 | British American Tobacco p.l.c | 131.74 Bn | 108.11 Bn | - |
| 3 | Altria | 126.69 Bn | 112.84 Bn | 3.82 Bn |
| 4 | Trulieve Cannabis | 2.13 Bn | 751.28 Mn | 162.29 Mn |
| 5 | Curaleaf Holdings | 2.10 Bn | 1.71 Bn | 169.91 Mn |
| 6 | RLX Technology | 2.01 Bn | -1.76 Bn | 52.74 Mn |
| 7 | Green Thumb Industries | 1.41 Bn | 261.84 Mn | 137.87 Mn |
| 8 | Turning Point Brands | 1.32 Bn | 425.23 Mn | 93.70 Mn |
| 9 | Cronos | 1.28 Bn | -2.00 Bn | 28.45 Mn |
| 10 | High Tide | 216.95 Mn | 107.69 Mn | 37.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 36.94 Mn |
| Apr 30, 2026 | 34.94 Mn |
| Jan 31, 2026 | 31.86 Mn |
| Oct 31, 2025 | 28.60 Mn |
| Jul 31, 2025 | 21.88 Mn |
| Apr 30, 2025 | 21.92 Mn |
| Jan 31, 2025 | 22.31 Mn |
| Oct 31, 2024 | 22.57 Mn |
| Jul 31, 2024 | 21.77 Mn |
| Apr 30, 2024 | 21.80 Mn |
| Jan 31, 2024 | 21.33 Mn |
| Oct 31, 2023 | 20.12 Mn |
| Jul 31, 2023 | 18.77 Mn |
| Apr 30, 2023 | 18.51 Mn |
| Jan 31, 2023 | 18.98 Mn |
| Oct 31, 2022 | 19.21 Mn |
| Jul 31, 2022 | 19.90 Mn |
| Apr 30, 2022 | 19.54 Mn |
| Jan 31, 2022 | 20.32 Mn |
| Oct 31, 2021 | 19.47 Mn |
API Access
High Tide Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=HITI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "HITI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=HITI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();