High Tide annual operating expenses
2020
2021
2022
2023
2024
2025
High Tide Operating Expenses Growth & History (HITI)
High Tide's operating expenses was $168.0M for fiscal 2025.
View full High Tide company overviewHigh Tide annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-10-31 | $168.0M | $30.5M | +22.17% |
| 2024 | 2024-10-31 | $137.5M | −$35.2M | −20.40% |
| 2023 | 2023-10-31 | $172.7M | −$523,000 | −0.30% |
| 2022 | 2022-10-31 | $173.3M | $90.6M | +109.62% |
| 2021 | 2021-10-31 | $82.7M | $51.9M | +169.06% |
| 2020 | 2020-10-31 | $30.7M | — | — |
High Tide quarterly operating expenses
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-04-30 | $40.3M | $7.2M | +21.75% |
| Q1 2026 | 2026-01-31 | $40.3M | — | — |
| Q4 2025 | 2025-10-31 | $36.4M | — | — |
| Q3 2025 | 2025-07-31 | $34.7M | — | — |
| Q2 2025 | 2025-04-30 | $33.1M | — | — |
High Tide operating expenses trends
Over the last five fiscal years, High Tide's operating expenses increased from $30.7M to $168.0M, a change of $137.3M. The latest reported quarter, Q2 2026, shows $40.3M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review High Tide source filings ↗