High Tide (HITI) Cash Flow: Operating & Free Cash Flow

High Tide Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for High Tide Inc. (HITI) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021	Jan 2021	Jan 2020	Jan 2019	Oct 2017
Operating Activities
Net Income	-51.40	-3.81	-40.95	-70.85	-35.04	-6.35	-26.29	-4.53	0.30
Depreciation & Amortization	24.31	25.39	32.76	30.17	23.57	6.80	1.40	0.09	0.03
Deferred Income Tax	-0.03	-0.59	-7.64	-2.92	-0.73	0.23	-0.71	-1.49	0.27
Stock Based Compensation	3.92	2.98	5.31	8.18	4.88	0.13	2.21	0.15	0.00
Change in Working Capital	-0.29	3.04	-4.86	-4.61	-9.90	5.20	1.85	-5.06	0.67
Change in Accounts Receivable	-1.34	4.27	0.63	-0.74	-1.63	-0.46	-1.92	-0.67	-0.60
Change in Inventory	-5.81	-3.32	-2.87	-2.87	-5.50	1.95	-1.81	-0.10	0.22
Change in Accounts Payable	2.53	2.31	-5.34	1.20	0.92	2.47	2.46	1.72	0.30
Change in Other Working Capital	4.33	4.31	2.00	-2.85	-3.69	1.23	3.12	-6.00	0.75
Other Operating Activities	47.36	4.31	28.68	41.71	14.40	2.85	6.71	2.07	-0.21
Net Cash from Operating Activities	23.87	35.55	20.66	4.50	-2.83	8.85	-14.83	-8.78	1.04
Investing Activities
Capital Expenditures	-10.44	-9.75	-5.79	-7.76	-10.71	-2.77	-10.41	-4.23	-0.05
Acquisitions	-12.29	-0.60	0.27	0.46	-19.73	-2.23	-6.52	0.00	0.00
Purchases of Investments	0.00	-0.66	0.10	0.00	-0.51	0.47	0.00	0.00	-0.48
Sales/Maturities of Investments	0.65	-0.70	-0.30	-1.30	-0.15	1.70	0.00	0.00	0.00
Other Investing Activities	-0.21	-0.83	-0.30	-1.30	2.61	-0.47	-2.33	-0.65	-0.48
Net Cash from Investing Activities	-22.29	-11.01	-5.72	-8.59	-28.49	-3.30	-16.92	-4.23	-0.53
Financing Activities
Debt Repayment	11.28	-19.64	-2.98	-19.80	-10.08	3.43	24.41	-0.03	0.00
Common Stock Issued	0.34	3.15	2.60	21.90	38.57	0.00	0.00	3.89	0.00
Common Stock Repurchased	0.00	0.00	-0.03	-0.97	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-1.40	-0.20	-0.46	-1.96	0.00	0.00	0.00	-1.16	-0.56
Other Financing Activities	-10.01	-0.30	-0.49	-2.94	9.32	-2.26	-0.40	17.44	0.00
Net Cash from Financing Activities	0.20	-7.72	-9.26	15.17	37.81	1.17	24.36	20.14	-0.56
Summary
Effect of Forex Changes on Cash	-1.16	0.33	-0.65	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	0.62	17.15	5.04	11.07	6.49	6.72	-7.39	7.13	-0.05
Cash at Beginning of Period	47.27	30.12	25.08	14.01	7.52	0.81	8.20	1.07	1.12
Cash at End of Period	47.88	47.27	30.12	25.08	14.01	7.52	0.81	8.20	1.07
Free Cash Flow	13.43	25.80	14.88	-3.26	-13.54	6.08	-25.24	-13.01	0.99
Supplemental Disclosures
Interest Paid	7.37	6.41	-	-	2.46	-	-	-	-
Income Taxes Paid	0.33	0.64	-	-	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About High Tide Cash Flow

What is High Tide's free cash flow?

High Tide generated free cash flow of CAD 13.43M in fiscal 2025 (fiscal year ended Oct 31, 2025), operating cash flow of CAD 23.87M minus CAD 10.44M of capital expenditures. That was down 47.9% from CAD 25.80M a year earlier. Free cash flow equaled 2.3% of revenue.

How much does High Tide spend on capital expenditures?

High Tide spent CAD 10.44M on capital expenditures in fiscal 2025, compared with CAD 9.75M a year earlier. That equals 43.7% of operating cash flow.

Does High Tide pay dividends or buy back shares?

Yes. In fiscal 2025 High Tide returned CAD 1.40M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition