TLLTF · Tilt Holdings Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.49M | $22.73M | - | $26.97M | $26.58M | $37.50M | - | $44.55M | $41.60M | $42.35M |
| Cost of Revenue | $8.67M | $19.33M | - | $23.17M | $22.32M | $30.79M | - | $36.59M | $37.56M | $33.00M |
| Gross Profit | $1.82M | $3.39M | - | $3.79M | $4.26M | $6.72M | - | $7.96M | $4.04M | $9.35M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $2.08M | $3.35M | - | $2.69M | $3.32M | $3.48M | - | $3.72M | $4.53M | $5.62M |
| Total Operating Expenses | $6.83M | $9.96M | - | $11.27M | $27.76M | $12.11M | - | $12.68M | $17.99M | $16.42M |
| D&A | $2.32M | $3.40M | - | $3.86M | $3.86M | $4.98M | - | $3.89M | $4.71M | $5.89M |
| Operating Income | ($5.01M) | ($6.57M) | - | ($7.48M) | ($23.50M) | ($5.39M) | - | ($4.72M) | ($13.95M) | ($7.62M) |
| Interest Expense | $7.60M | $6.04M | - | $6.37M | $5.47M | $6.04M | - | $6.37M | $5.47M | $4.09M |
| Income Tax | $89.0K | $144.0K | - | ($1.41M) | $6.17M | ($1.58M) | - | ($1.98M) | ($2.74M) | ($1.33M) |
| Net Income | ($12.06M) | ($13.24M) | - | ($12.65M) | ($35.95M) | ($9.65M) | - | ($8.66M) | ($26.89M) | ($11.63M) |
| EPS - Basic | ($0.02) | ($0.03) | - | ($0.03) | ($0.09) | ($0.03) | - | ($0.02) | ($0.07) | ($0.03) |
| EPS - Diluted | ($0.02) | ($0.03) | - | ($0.03) | ($0.09) | ($0.03) | - | ($0.02) | ($0.02) | ($0.01) |
Balance Sheet
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.90M | $4.34M | $4.30M | $3.91M | $2.68M | $3.52M | $3.33M | $2.78M | $4.11M | $9.23M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | $10.89M | $18.92M | $22.50M | $22.92M | $27.49M | $36.84M | $32.91M | $38.44M | $36.83M | $45.91M |
| Accounts Payable | $48.31M | $51.78M | $50.27M | $45.49M | $43.48M | $51.27M | $46.33M | $45.59M | $40.14M | $45.98M |
| Current Assets | $30.23M | $38.44M | $40.85M | $39.76M | $42.86M | $59.88M | $56.27M | $64.86M | $68.72M | $79.74M |
| Total Assets | $138.29M | $149.74M | $151.32M | $182.59M | $189.92M | $231.83M | $231.19M | $251.23M | $258.22M | $289.68M |
| Current Liabilities | $124.11M | $124.39M | $87.45M | $83.44M | $77.83M | $91.06M | $76.07M | $74.88M | $63.13M | $63.57M |
| Long-term Debt | - | - | - | - | - | - | - | $34.29M | $45.50M | $43.36M |
| Total Liabilities | $200.71M | $200.11M | $188.53M | $178.19M | $173.00M | $178.99M | $168.79M | $167.09M | $166.87M | $167.63M |
| Stockholders' Equity | ($62.42M) | ($50.38M) | ($37.20M) | $4.40M | $16.92M | $52.84M | $62.39M | $84.14M | $92.62M | $121.87M |
| Retained Earnings | ($1.15B) | ($1.14B) | ($1.13B) | ($1.08B) | ($1.07B) | ($1.04B) | ($1.03B) | ($1.00B) | ($995.47M) | ($968.58M) |
Cash Flow
| Line item | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $1.90M | - | - | - | ($2.44M) | - | - | - | $4.20M |
| Investing Cash Flow | - | ($2.09M) | - | - | - | ($185.0K) | - | - | - | ($775.0K) |
| Financing Cash Flow | - | $219.0K | - | - | - | $2.82M | - | - | - | ($1.15M) |
| CapEx | - | $2.12M | - | - | - | $221.0K | - | - | - | $491.0K |
| Free Cash Flow | - | ($214.0K) | - | - | - | ($2.66M) | - | - | - | $3.71M |
Ratios
| Metric | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 17.4% | 14.9% | - | 14.1% | 16.0% | 17.9% | - | 17.9% | 9.7% | 22.1% |
| Operating margin | -47.7% | -28.9% | - | -27.7% | -88.4% | -14.4% | - | -10.6% | -33.5% | -18.0% |
| EBITDA margin | -25.6% | -13.9% | - | -13.4% | -73.9% | -1.1% | - | -1.9% | -22.2% | -4.1% |
| Net margin | -115.0% | -58.3% | - | -46.9% | -135.2% | -25.7% | - | -19.4% | -64.7% | -27.5% |
| Free cash flow margin | - | -0.9% | - | - | - | -7.1% | - | - | - | 8.8% |
| FCF / Net income | - | 0.02 | - | - | - | 0.28 | - | - | - | -0.32 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 19.8% | 14.7% | - | 10.0% | 12.5% | 9.3% | - | 8.4% | 10.9% | 13.3% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -8.7% | -8.8% | - | -6.9% | -18.9% | -4.2% | - | -3.4% | -10.4% | -4.0% |
| Return on equity | 19.3% | 26.3% | - | -287.4% | -212.5% | -18.3% | - | -10.3% | -29.0% | -9.5% |
| Return on invested capital | - | - | - | - | - | - | - | -3.2% | -8.0% | -3.6% |
| Liquidity | ||||||||||
| Current ratio | 0.24 | 0.31 | 0.47 | 0.48 | 0.55 | 0.66 | 0.74 | 0.87 | 1.09 | 1.25 |
| Quick ratio | 0.16 | 0.16 | 0.21 | 0.20 | 0.20 | 0.25 | 0.31 | 0.35 | 0.51 | 0.53 |
| Cash ratio | 0.02 | 0.03 | 0.05 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.07 | 0.15 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | 0.41 | 0.49 | 0.36 |
| Debt / Assets | - | - | - | - | - | - | - | 0.14 | 0.18 | 0.15 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -0.7x | -1.1x | - | -1.2x | -4.3x | -0.9x | - | -0.7x | -2.6x | -1.9x |
| Equity multiplier | -2.22 | -2.97 | -4.07 | 41.49 | 11.23 | 4.39 | 3.71 | 2.99 | 2.79 | 2.38 |
| Liabilities / Assets | 1.45 | 1.34 | 1.25 | 0.98 | 0.91 | 0.77 | 0.73 | 0.67 | 0.65 | 0.58 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | 0.15 | - | 0.15 | 0.14 | 0.16 | - | 0.18 | 0.16 | 0.15 |
| Inventory turnover | 0.80 | 1.02 | - | 1.01 | 0.81 | 0.84 | - | 0.95 | 1.02 | 0.72 |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 459d | 357d | - | 361d | 449d | 437d | - | 383d | 358d | 508d |
| Days payable outstanding | 2035d | 978d | - | 717d | 711d | 608d | - | 455d | 390d | 509d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | 1.0x | 0.5x | 0.2x | - | 0.2x | 0.1x | - |
| P / S | 0.2x | 0.2x | - | 0.2x | 0.3x | 0.3x | - | 0.4x | 0.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -60.6% | -39.4% | - | -39.5% | -36.1% | -11.4% | - | -16.5% | -14.2% | - |
| Revenue CAGR (3y) | -40.0% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -57.3% | -49.5% | - | -52.3% | 5.4% | -28.2% | - | -16.5% | -63.1% | - |
| Operating income growth (YoY) | 78.7% | -21.9% | - | -58.3% | -68.5% | 29.3% | - | 22.5% | -809.5% | - |
| Net income growth (YoY) | 66.4% | -37.2% | - | -46.0% | -33.7% | 17.0% | - | - | -281.4% | - |
| EPS growth (YoY) | 77.8% | 0.0% | - | -50.0% | -350.0% | -200.0% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | 92.0% | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | -94.8% | -81.7% | -56.6% | -48.6% | -65.6% | -59.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Business segments
$116.50M totalAccessories Segment$77.93M · 66.9%
Cannabis Segment$38.57M · 33.1%
Geographic
$115.61M totalUS$100.83M · 87.2%
CA$14.56M · 12.6%
Countries Other Than Us And Canada$221.0K · 0.2%
Peer comparison
Same SIC group: Cigarettes
Comparing TILT Holdings Inc. against the 5 most active filers in the same SIC group.