Tilt Hldgs Inc Financials
This page shows Tilt Hldgs Inc (TLLTF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tilt Hldgs Inc has an operating margin of -60.1%, meaning the company retains $-60 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -26.0% the prior year.
Tilt Hldgs Inc's revenue declined 30.3% year-over-year, from $166.0M to $115.6M. This contraction results in a growth score of 0/100.
Tilt Hldgs Inc's current ratio of 0.47 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Tilt Hldgs Inc generated -$189K in operating cash flow, capex of $892K consumed most of it, leaving -$1.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Tilt Hldgs Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Tilt Hldgs Inc generates $0.00 in operating cash flow (-$189K OCF vs -$99.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Tilt Hldgs Inc earns $-2.6 in operating income for every $1 of interest expense (-$69.4M vs $26.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Tilt Hldgs Inc generated $115.6M in revenue in fiscal year 2024. This represents a decrease of 30.3% from the prior year.
Tilt Hldgs Inc's EBITDA was -$50.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 132.3% from the prior year.
Tilt Hldgs Inc generated -$1.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 123.2% from the prior year.
Tilt Hldgs Inc reported -$99.7M in net income in fiscal year 2024. This represents a decrease of 59.8% from the prior year.
Tilt Hldgs Inc earned $-0.26 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 62.5% from the prior year.
Tilt Hldgs Inc held $4.3M in cash against $0 in long-term debt as of fiscal year 2024.
Tilt Hldgs Inc had 391M shares outstanding in fiscal year 2024. This represents an increase of 1.7% from the prior year.
Tilt Hldgs Inc's gross margin was 17.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.6 percentage points from the prior year.
Tilt Hldgs Inc's operating margin was -60.1% in fiscal year 2024, reflecting core business profitability. This is down 34.1 percentage points from the prior year.
Tilt Hldgs Inc's net profit margin was -86.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 48.6 percentage points from the prior year.
Tilt Hldgs Inc invested $892K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 25.1% from the prior year.
TLLTF Income Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.5M-53.9% | $22.7M-29.3% | $32.2M+19.3% | $27.0M-28.1% | $37.5M-0.1% | $37.5M-15.7% | $44.6M+7.1% | $41.6M |
| Cost of Revenue | $8.7M-55.2% | $19.3M-26.2% | $26.2M+13.1% | $23.2M-24.7% | $30.8M-9.3% | $34.0M-7.2% | $36.6M-2.6% | $37.6M |
| Gross Profit | $1.8M-46.3% | $3.4M-43.0% | $6.0M+56.9% | $3.8M-43.5% | $6.7M+87.6% | $3.6M-55.0% | $8.0M+97.0% | $4.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.1M-38.0% | $3.3M-8.8% | $3.7M+36.3% | $2.7M-22.7% | $3.5M-8.9% | $3.8M+2.7% | $3.7M-17.8% | $4.5M |
| Operating Income | -$5.0M+23.8% | -$6.6M+87.0% | -$50.6M-577.1% | -$7.5M-38.7% | -$5.4M+68.0% | -$16.9M-256.8% | -$4.7M+66.1% | -$14.0M |
| Interest Expense | $7.6M+0.4% | $7.6M-8.7% | $8.3M+24.0% | $6.7M+10.6% | $6.0M+19.1% | $5.1M-20.4% | $6.4M+16.5% | $5.5M |
| Income Tax | $89K-38.2% | $144K-90.7% | $1.5M+210.0% | -$1.4M+11.1% | -$1.6M-3025.9% | $54K+102.7% | -$2.0M+27.9% | -$2.7M |
| Net Income | -$12.1M+8.9% | -$13.2M+68.0% | -$41.4M-227.5% | -$12.6M-31.1% | -$9.7M+56.0% | -$22.0M-153.4% | -$8.7M+67.8% | -$26.9M |
| EPS (Diluted) | $-0.02+33.3% | $-0.03+81.3% | $-0.16-433.3% | $-0.030.0% | $-0.03+50.0% | $-0.06-200.0% | $-0.02+71.4% | $-0.07 |
TLLTF Balance Sheet
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $138.3M-7.6% | $149.7M-1.0% | $151.3M-17.1% | $182.6M-21.2% | $231.8M+0.3% | $231.2M-8.0% | $251.2M-2.7% | $258.2M |
| Current Assets | $30.2M-21.4% | $38.4M-5.9% | $40.8M+2.7% | $39.8M-33.6% | $59.9M+6.4% | $56.3M-13.2% | $64.9M-5.6% | $68.7M |
| Cash & Equivalents | $2.9M-33.0% | $4.3M+0.8% | $4.3M+10.1% | $3.9M+11.1% | $3.5M+5.6% | $3.3M+19.7% | $2.8M-32.3% | $4.1M |
| Inventory | $10.9M-42.4% | $18.9M+30.8% | $14.5M-36.9% | $22.9M-37.8% | $36.8M+11.9% | $32.9M-14.4% | $38.4M+4.4% | $36.8M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $17.7M0.0% | $17.7M0.0% | $17.7M0.0% | $17.7M0.0% | $17.7M0.0% | $17.7M-14.6% | $20.8M0.0% | $20.8M |
| Total Liabilities | $200.7M+0.3% | $200.1M+6.1% | $188.5M+5.8% | $178.2M-0.4% | $179.0M+6.0% | $168.8M+1.0% | $167.1M+0.1% | $166.9M |
| Current Liabilities | $124.1M-0.2% | $124.4M+42.2% | $87.5M+4.8% | $83.4M-8.4% | $91.1M+19.7% | $76.1M+1.6% | $74.9M+18.6% | $63.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $34.3M-24.7% | $45.5M |
| Total Equity | -$62.4M-23.9% | -$50.4M-35.4% | -$37.2M-945.3% | $4.4M-91.7% | $52.8M-15.3% | $62.4M-25.8% | $84.1M-9.2% | $92.6M |
| Retained Earnings | -$1.2B-1.1% | -$1.1B-1.2% | -$1.1B-3.8% | -$1.1B-4.7% | -$1.0B-0.9% | -$1.0B-2.2% | -$1.0B-0.9% | -$995.5M |
TLLTF Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.2M+15.7% | $1.9M+474.6% | -$508K-125.2% | $2.0M+182.7% | -$2.4M-161.3% | $4.0M+318.1% | $951K+128.5% | -$3.3M |
| Capital Expenditures | $2K-99.9% | $2.1M+561.6% | $320K-35.4% | $495K+124.0% | $221K-39.0% | $362K+1348.0% | $25K-87.6% | $201K |
| Free Cash Flow | $2.2M+1128.0% | -$214K+74.2% | -$828K-154.4% | $1.5M+157.2% | -$2.7M-173.6% | $3.6M+290.3% | $926K+126.2% | -$3.5M |
| Investing Cash Flow | $47K+102.2% | -$2.1M-617.9% | -$291K-708.3% | -$36K+80.5% | -$185K-153.4% | -$73K-105.4% | $1.4M+245.7% | -$934K |
| Financing Cash Flow | -$3.7M-1781.3% | $219K-81.7% | $1.2M+259.9% | -$748K-126.5% | $2.8M+184.0% | -$3.4M+7.7% | -$3.6M-213.7% | $3.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TLLTF Financial Ratios
| Metric | Q2'25 | Q1'25 | Q2'24 | Q3'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.4%+2.4pp | 14.9%-3.6pp | 18.5%+4.4pp | 14.1%-3.8pp | 17.9%+8.4pp | 9.5%-8.3pp | 17.9%+8.2pp | 9.7% |
| Operating Margin | -47.8%-18.8pp | -28.9%+128.5pp | -157.4%-129.7pp | -27.7%-13.4pp | -14.4%+30.5pp | -44.9%-34.3pp | -10.6%+22.9pp | -33.5% |
| Net Margin | -115.0%-56.8pp | -58.3%+70.5pp | -128.8%-81.9pp | -46.9%-21.2pp | -25.7%+32.8pp | -58.5%-39.0pp | -19.4%+45.2pp | -64.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -8.7%+0.1pp | -8.8%+18.5pp | -27.4%-20.4pp | -6.9%-2.8pp | -4.2%+5.3pp | -9.5%-6.0pp | -3.5%+7.0pp | -10.4% |
| Current Ratio | 0.24-0.1 | 0.31-0.2 | 0.470.0 | 0.48-0.2 | 0.66-0.1 | 0.74-0.1 | 0.87-0.2 | 1.09 |
| Debt-to-Equity | -3.22+0.8 | -3.97+1.1 | -5.07-45.6 | 40.49+37.1 | 3.39+0.7 | 2.71+2.3 | 0.41-0.1 | 0.49 |
| FCF Margin | 21.0%+21.9pp | -0.9%+1.6pp | -2.6%-8.2pp | 5.6%+12.7pp | -7.1%-16.7pp | 9.6%+7.5pp | 2.1%+10.6pp | -8.5% |
Note: Shareholder equity is negative (-$37.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.47), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Tilt Hldgs Inc's annual revenue?
Tilt Hldgs Inc (TLLTF) reported $115.6M in total revenue for fiscal year 2024. This represents a -30.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tilt Hldgs Inc's revenue growing?
Tilt Hldgs Inc (TLLTF) revenue declined by 30.3% year-over-year, from $166.0M to $115.6M in fiscal year 2024.
Is Tilt Hldgs Inc profitable?
No, Tilt Hldgs Inc (TLLTF) reported a net income of -$99.7M in fiscal year 2024, with a net profit margin of -86.2%.
What is Tilt Hldgs Inc's earnings per share (EPS)?
Tilt Hldgs Inc (TLLTF) reported diluted earnings per share of $-0.26 for fiscal year 2024. This represents a -62.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Tilt Hldgs Inc's EBITDA?
Tilt Hldgs Inc (TLLTF) had EBITDA of -$50.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tilt Hldgs Inc's gross margin?
Tilt Hldgs Inc (TLLTF) had a gross margin of 17.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tilt Hldgs Inc's operating margin?
Tilt Hldgs Inc (TLLTF) had an operating margin of -60.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Tilt Hldgs Inc's net profit margin?
Tilt Hldgs Inc (TLLTF) had a net profit margin of -86.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Tilt Hldgs Inc's free cash flow?
Tilt Hldgs Inc (TLLTF) generated -$1.1M in free cash flow during fiscal year 2024. This represents a -123.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tilt Hldgs Inc's operating cash flow?
Tilt Hldgs Inc (TLLTF) generated -$189K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Tilt Hldgs Inc's total assets?
Tilt Hldgs Inc (TLLTF) had $151.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Tilt Hldgs Inc's capital expenditures?
Tilt Hldgs Inc (TLLTF) invested $892K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Tilt Hldgs Inc have outstanding?
Tilt Hldgs Inc (TLLTF) had 391M shares outstanding as of fiscal year 2024.
What is Tilt Hldgs Inc's current ratio?
Tilt Hldgs Inc (TLLTF) had a current ratio of 0.47 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Tilt Hldgs Inc's debt-to-equity ratio?
Tilt Hldgs Inc (TLLTF) had a debt-to-equity ratio of -5.07 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tilt Hldgs Inc's return on assets (ROA)?
Tilt Hldgs Inc (TLLTF) had a return on assets of -65.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Tilt Hldgs Inc's cash runway?
Based on fiscal year 2024 data, Tilt Hldgs Inc (TLLTF) had $4.3M in cash against an annual operating cash burn of $189K. This gives an estimated cash runway of approximately 273 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Tilt Hldgs Inc's debt-to-equity ratio negative or unusual?
Tilt Hldgs Inc (TLLTF) has negative shareholder equity of -$37.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Tilt Hldgs Inc's Piotroski F-Score?
Tilt Hldgs Inc (TLLTF) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tilt Hldgs Inc's earnings high quality?
Tilt Hldgs Inc (TLLTF) has an earnings quality ratio of 0.00x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tilt Hldgs Inc cover its interest payments?
Tilt Hldgs Inc (TLLTF) has an interest coverage ratio of -2.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tilt Hldgs Inc?
Tilt Hldgs Inc (TLLTF) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.