Tilt Hldgs Inc Financials
Tilt Hldgs Inc (TLLTF) reported $92.3M in revenue over the twelve months to Jun 30, 2025, down 33.4% from the prior twelve months. This page shows its 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).
TILT is shrinking its asset base to protect cash, but rising financing strain is outrunning that smaller operating footprint.
FY2024 operating cash flow was nearly flat at-$189K even though the company posted a net loss of-$99.7M . That gap was helped by working-capital release: inventory fell from$32.9M in FY2023 to$14.5M , so cash preservation came more from shrinking the balance sheet than from restoring profitability.
In FY2024, interest expense of
The balance sheet has moved from positive equity of
Financial Health Signals
Tilt Hldgs Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Tilt Hldgs Inc scores -11.53, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($44K) relative to total liabilities ($188.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Tilt Hldgs Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Tilt Hldgs Inc reported a net loss of $99.7M while operations used $189K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Tilt Hldgs Inc reported an operating loss of $69.4M against $26.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
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 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.
Cash & Balance Sheet
Tilt Hldgs Inc recorded an outflow of $1.1M in free cash flow in fiscal year 2024, representing a cash shortfall after capex. This represents a decrease of 123.2% from the prior year.
Tilt Hldgs Inc held $4.3M in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Margins & Returns
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.
Not reported for fiscal year 2024.
Capital Allocation
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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
TLLTF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.5M-53.9% | $22.7M-29.3% | $32.2M+19.3% | $27.0M+42.1% | $19.0M-49.4% | $37.5M-0.1% | $37.5M-15.7% | $44.6M |
| Cost of Revenue | $8.7M-55.2% | $19.3M-26.2% | $26.2M+13.1% | $23.2M+50.5% | $15.4M-50.0% | $30.8M-9.3% | $34.0M-7.2% | $36.6M |
| Gross Profit | $1.8M-46.3% | $3.4M-43.0% | $6.0M+56.9% | $3.8M+5.8% | $3.6M-46.6% | $6.7M+87.6% | $3.6M-55.0% | $8.0M |
| SG&A Expenses | $2.1M-38.0% | $3.3M-8.8% | $3.7M+36.3% | $2.7M-1.4% | $2.7M-21.6% | $3.5M-8.9% | $3.8M+2.7% | $3.7M |
| Operating Income | -$5.0M+23.8% | -$6.6M+87.0% | -$50.6M-577.1% | -$7.5M-25.7% | -$5.9M-10.3% | -$5.4M+68.0% | -$16.9M-256.8% | -$4.7M |
| Interest Expense | $7.6M+0.4% | $7.6M-8.7% | $8.3M+24.0% | $6.7M+24.3% | $5.4M-11.0% | $6.0M+19.1% | $5.1M-20.4% | $6.4M |
| Income Tax | $89K-38.2% | $144K-90.7% | $1.5M+210.0% | -$1.4M-122.8% | $6.2M+490.2% | -$1.6M-3025.9% | $54K+102.7% | -$2.0M |
| Net Income | -$12.1M+8.9% | -$13.2M+68.0% | -$41.4M-227.5% | -$12.6M+64.8% | -$35.9M-272.5% | -$9.7M+56.0% | -$22.0M-153.4% | -$8.7M |
| EPS (Diluted) | -$0.02+33.3% | -$0.03+72.7% | -$0.11-266.7% | -$0.03 | -$0.04 | -$0.03+40.0% | -$0.05-150.0% | -$0.02 |
Not reported in any period shown, so not listed: R&D Expenses.
TLLTF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $138.3M-7.6% | $149.7M-1.0% | $151.3M-17.1% | $182.6M-3.9% | $189.9M-18.1% | $231.8M+0.3% | $231.2M-8.0% | $251.2M |
| Current Assets | $30.2M-21.4% | $38.4M-5.9% | $40.8M+2.7% | $39.8M-7.2% | $42.9M-28.4% | $59.9M+6.4% | $56.3M-13.2% | $64.9M |
| Cash & Equivalents | $2.9M-33.0% | $4.3M+0.8% | $4.3M+10.1% | $3.9M+46.0% | $2.7M-23.9% | $3.5M+5.6% | $3.3M+19.7% | $2.8M |
| Inventory | $10.9M-42.4% | $18.9M+30.8% | $14.5M-36.9% | $22.9M-16.6% | $27.5M-25.4% | $36.8M+11.9% | $32.9M-14.4% | $38.4M |
| Goodwill | $17.7M0.0% | $17.7M0.0% | $17.7M0.0% | $17.7M0.0% | $17.7M0.0% | $17.7M0.0% | $17.7M-14.6% | $20.8M |
| Total Liabilities | $200.7M+0.3% | $200.1M+6.1% | $188.5M+5.8% | $178.2M+3.0% | $173.0M-3.3% | $179.0M+6.0% | $168.8M+1.0% | $167.1M |
| Current Liabilities | $124.1M-0.2% | $124.4M+42.2% | $87.5M+4.8% | $83.4M+7.2% | $77.8M-14.5% | $91.1M+19.7% | $76.1M+1.6% | $74.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $34.3M |
| Total Equity | -$62.4M-23.9% | -$50.4M-35.4% | -$37.2M-945.3% | $4.4M-74.0% | $16.9M-68.0% | $52.8M-15.3% | $62.4M-25.8% | $84.1M |
| Retained Earnings | -$1.2B-1.1% | -$1.1B-1.2% | -$1.1B-3.8% | -$1.1B-1.2% | -$1.1B-3.5% | -$1.0B-0.9% | -$1.0B-2.2% | -$1.0B |
Not reported in any period shown, so not listed: Accounts Receivable.
TLLTF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.2M+15.7% | $1.9M+474.6% | -$508K-125.2% | $2.0M+172.2% | $741K+130.4% | -$2.4M-161.3% | $4.0M+318.1% | $951K |
| Capital Expenditures | $2K-99.9% | $2.1M+561.6% | $320K-35.4% | $495K+243.8% | -$144K-34.8% | $221K-39.0% | $362K+1348.0% | $25K |
| Free Cash Flow | $2.2M+1128.0% | -$214K+74.2% | -$828K-154.4% | $1.5M+154.9% | $597K+122.4% | -$2.7M-173.6% | $3.6M+290.3% | $926K |
| Investing Cash Flow | $47K+102.2% | -$2.1M-617.9% | -$291K-708.3% | -$36K+84.3% | -$230K-24.3% | -$185K-153.4% | -$73K-105.4% | $1.4M |
| Financing Cash Flow | -$3.7M-1781.3% | $219K-81.7% | $1.2M+259.9% | -$748K+44.8% | -$1.4M-148.0% | $2.8M+184.0% | -$3.4M+7.7% | -$3.6M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TLLTF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.4%+2.4pp | 14.9%-3.6pp | 18.5%+4.4pp | 14.1%-4.8pp | 18.9%+1.0pp | 17.9%+8.4pp | 9.5%-8.3pp | 17.9% |
| Operating Margin | -47.8%-18.8pp | -28.9% | -157.4% | -27.7%+3.6pp | -31.3%-17.0pp | -14.4%+30.5pp | -44.9%-34.3pp | -10.6% |
| Net Margin | -115.0% | -58.3% | -128.8% | -46.9% | -189.4% | -25.7%+32.8pp | -58.5%-39.0pp | -19.4% |
| Return on Equity | N/A | N/A | N/A | -287.4%-74.9pp | -212.5%-194.2pp | -18.3%+16.9pp | -35.2%-24.9pp | -10.3% |
| Return on Assets | -8.7%+0.1pp | -8.8%+18.5pp | -27.4%-20.4pp | -6.9%+12.0pp | -18.9%-14.8pp | -4.2%+5.3pp | -9.5%-6.0pp | -3.5% |
| Current Ratio | 0.24-0.1x | 0.31-0.2x | 0.470.0x | 0.48-0.1x | 0.55-0.1x | 0.66-0.1x | 0.74-0.1x | 0.87 |
| Debt-to-Equity | N/A | N/A | N/A | 40.49+30.3x | 10.23+6.8x | 3.39+0.7x | 2.71+2.3x | 0.41 |
| FCF Margin | 21.0%+21.9pp | -0.9%+1.6pp | -2.6%-8.2pp | 5.6%+2.5pp | 3.1%+10.2pp | -7.1%-16.7pp | 9.6%+7.5pp | 2.1% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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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Where Tilt Hldgs Inc Ranks
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 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) recorded an outflow of $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) recorded an outflow of $189K in operating cash flow during fiscal year 2024, representing cash used by 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.
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 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.
Why is Tilt Hldgs Inc's debt-to-equity ratio negative or not reported?
Tilt Hldgs Inc (TLLTF) has negative shareholder equity of -$37.2M as of fiscal year 2024, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Altman Z-Score?
Tilt Hldgs Inc (TLLTF) has an Altman Z-Score of -11.53, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tilt Hldgs Inc's Piotroski F-Score?
Tilt Hldgs Inc (TLLTF) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $99.7M while operations used $189K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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) reported an operating loss of $69.4M against $26.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.