High Tide (HITI) Tax Rate (2020 - 2025)
High Tide (HITI) reported Tax Rate of 1.65% for Q2 2025, up 3503.0% year-over-year from 0.05% in Q2 2024, and up 104.94% quarter-over-quarter from 33.38% in Q2 2024.
High Tide (HITI) Tax Rate (2020 - 2025) Analysis & Trends
High Tide (HITI) has 6 years of Tax Rate data on file, last reported at 1.65% in Q2 2025.
- Tax Rate for Q2 2025 came in at 1.65%, up 3503.0% year-over-year; the trailing twelve-month figure through Apr 2025 was 31.31% (up 2858.0% YoY), and the FY2023 annual result was 15.73%, up 1178.0% from the prior year.
- Tax Rate advanced to 1.65% in Q2 2025 per HITI's latest filing, from 33.38% in the prior quarter.
- Over five years, Tax Rate peaked at 25.35% in Q4 2021 and troughed at 48.13% in Q2 2023.
- A 5-year average of 3.55% and a median of 1.65% in 2025 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2023 and 2025: Tax Rate sank 6124 bps in 2023, then jumped 3503 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 25.35% in 2021, then tumbled by 87 bps to 3.28% in 2022, then surged by 283 bps to 12.56% in 2023, then slumped by 366 bps to 33.38% in 2024, then surged by 105 bps to 1.65% in 2025.
- Business Quant data shows HITI's Tax Rate at 1.65% in Q2 2025, 33.38% in Q2 2024, and 12.56% in Q4 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 558.20 Mn | 531.28 Mn | 32.00 Mn | - |
| 2 | Wellgistics Health | 385.01 Mn | 384.95 Mn | 170,221.00 | - |
| 3 | Petmed Express | 35.71 Mn | 8.80 Mn | 9.46 Mn | -0.10% |
| 4 | Scienture Holdings | 14.72 Mn | 14.72 Mn | 53,850.00 | - |
| 5 | Ridgetech | 15.50 | -4.11 Mn | - | - |
| 6 | Scientist Home Future Health | - | - | 32,589.00 | - |
| 7 | BioScience Health Innovations | - | - | 485,596.00 | - |
| 8 | Rest Ez | - | - | - | - |
| 9 | Polomar Health Services | - | - | 550,489.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2025 | 1.65% |
| Apr 30, 2025 | 1.65% |
| Apr 30, 2024 | -33.38% |
| Apr 30, 2024 | -33.38% |
| Oct 31, 2023 | 12.56% |
| Oct 31, 2023 | 12.56% |
| Jul 31, 2023 | -43.29% |
| Jul 31, 2023 | -43.29% |
| Apr 30, 2023 | -48.13% |
| Apr 30, 2023 | -48.13% |
| Oct 31, 2022 | 3.28% |
| Oct 31, 2022 | 3.28% |
| Jul 31, 2022 | -0.04% |
| Jul 31, 2022 | -0.04% |
| Apr 30, 2022 | 13.11% |
| Apr 30, 2022 | 13.11% |
| Jan 31, 2022 | 12.64% |
| Jan 31, 2022 | 12.64% |
| Oct 31, 2021 | 25.35% |
| Oct 31, 2021 | 25.35% |