Tillys Inc Financials
This page shows Tillys Inc (TLYS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tillys Inc has an operating margin of -8.8%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 3/100, suggesting thin profitability after operating expenses. This is down from -5.0% the prior year.
Tillys Inc's revenue declined 8.6% year-over-year, from $623.1M to $569.5M. This contraction results in a growth score of 19/100.
Tillys Inc has a moderate D/E ratio of 3.22. This balance of debt and equity financing earns a leverage score of 36/100.
Tillys Inc's current ratio of 1.09 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.
While Tillys Inc generated -$42.0M in operating cash flow, capex of $8.2M consumed most of it, leaving -$50.2M in free cash flow. This results in a low score of 3/100, reflecting heavy capital investment rather than weak cash generation.
Tillys Inc generates a -58.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -27.4% the prior year.
Tillys Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Tillys Inc generates $0.91 in operating cash flow (-$42.0M OCF vs -$46.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Tillys Inc generated $569.5M in revenue in fiscal year 2025. This represents a decrease of 8.6% from the prior year.
Tillys Inc's EBITDA was -$37.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 104.3% from the prior year.
Tillys Inc reported -$46.2M in net income in fiscal year 2025. This represents a decrease of 34.0% from the prior year.
Cash & Balance Sheet
Tillys Inc generated -$50.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 142.8% from the prior year.
Tillys Inc held $27.2M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Tillys Inc's gross margin was 26.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Tillys Inc's operating margin was -8.8% in fiscal year 2025, reflecting core business profitability. This is down 3.8 percentage points from the prior year.
Tillys Inc's net profit margin was -8.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
Tillys Inc's ROE was -58.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 31.1 percentage points from the prior year.
Capital Allocation
Tillys Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Tillys Inc invested $8.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 41.1% from the prior year.
TLYS Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $139.6M-7.7% | $151.3M+40.6% | $107.6M-30.8% | $155.5M+8.4% | $143.4M-11.9% | $162.9M+40.6% | $115.9M-35.9% | $180.8M |
| Cost of Revenue | $97.0M-5.0% | $102.2M+18.3% | $86.3M-24.4% | $114.2M+7.5% | $106.2M-5.9% | $112.9M+23.4% | $91.5M-30.9% | $132.5M |
| Gross Profit | $42.6M-13.3% | $49.1M+130.7% | $21.3M-48.5% | $41.3M+11.0% | $37.2M-25.5% | $49.9M+105.3% | $24.3M-49.7% | $48.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $44.5M-4.1% | $46.4M+5.6% | $44.0M-17.9% | $53.5M+4.5% | $51.3M+0.9% | $50.8M+12.6% | $45.1M-15.4% | $53.3M |
| Operating Income | -$1.9M-171.6% | $2.7M+111.8% | -$22.7M-85.3% | -$12.2M+12.9% | -$14.1M-1536.1% | -$859K+95.9% | -$20.8M-316.3% | -$5.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $25K+161.0% | -$41K+70.5% | -$139K-138.1% | $365K+7400.0% | -$5K-25.0% | -$4K+69.2% | -$13K-100.1% | $9.4M |
| Net Income | -$1.4M-144.5% | $3.2M+114.3% | -$22.2M-99.0% | -$11.1M+13.5% | -$12.9M-18559.4% | -$69K+99.6% | -$19.6M-52.1% | -$12.9M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TLYS Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $317.1M-8.2% | $345.5M+3.4% | $334.2M-2.4% | $342.5M-11.6% | $387.3M-9.8% | $429.2M+4.7% | $410.0M-4.5% | $429.5M |
| Current Assets | $135.1M-10.3% | $150.6M+18.6% | $127.0M-3.0% | $131.0M-19.2% | $162.1M-16.6% | $194.4M+19.0% | $163.4M-7.2% | $176.1M |
| Cash & Equivalents | $39.0M-23.0% | $50.7M+86.1% | $27.2M+29.3% | $21.1M-20.3% | $26.4M-28.1% | $36.7M+84.9% | $19.9M-57.7% | $47.0M |
| Inventory | $80.7M-0.7% | $81.2M+7.5% | $75.6M+9.2% | $69.2M-25.2% | $92.5M-2.7% | $95.0M+21.0% | $78.5M+24.3% | $63.2M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $235.5M-10.5% | $263.0M+3.1% | $255.0M+5.6% | $241.6M-11.5% | $273.0M-9.7% | $302.4M+6.5% | $284.0M-0.2% | $284.7M |
| Current Liabilities | $114.4M-13.8% | $132.7M+13.9% | $116.5M+17.2% | $99.4M-17.4% | $120.3M-15.9% | $143.0M+26.1% | $113.4M+8.5% | $104.6M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $81.6M-1.1% | $82.5M+4.3% | $79.1M-21.6% | $100.9M-11.8% | $114.3M-9.8% | $126.8M+0.6% | $126.0M-13.0% | $144.9M |
| Retained Earnings | -$94.6M-1.5% | -$93.2M+3.3% | -$96.3M-29.9% | -$74.2M-22.6% | -$60.5M-27.0% | -$47.7M-0.1% | -$47.6M-70.2% | -$28.0M |
TLYS Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$10.4M-174.1% | $14.0M+272.1% | -$8.1M-112.8% | -$3.8M+83.4% | -$23.0M-319.3% | $10.5M+140.8% | -$25.7M-789.7% | $3.7M |
| Capital Expenditures | $1.3M+146.1% | $529K-65.2% | $1.5M-1.6% | $1.5M-24.7% | $2.1M-17.5% | $2.5M+16.4% | $2.1M-37.4% | $3.4M |
| Free Cash Flow | -$11.7M-186.8% | $13.4M+239.4% | -$9.6M-79.8% | -$5.4M+78.6% | -$25.1M-413.2% | $8.0M+128.7% | -$27.8M-9076.5% | $310K |
| Investing Cash Flow | -$1.3M-113.5% | $9.5M-33.7% | $14.3M+1030.6% | -$1.5M-112.1% | $12.7M+102.8% | $6.2M+487.6% | -$1.6M-22.6% | -$1.3M |
| Financing Cash Flow | $0 | $0 | $0 | $0 | $0-100.0% | $141K-7.8% | $153K-19.5% | $190K |
| 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 | $0 |
TLYS Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.5%-2.0pp | 32.5%+12.7pp | 19.8%-6.8pp | 26.6%+0.6pp | 25.9%-4.7pp | 30.6%+9.7pp | 21.0%-5.7pp | 26.7% |
| Operating Margin | -1.4%-3.1pp | 1.8%+22.8pp | -21.1%-13.2pp | -7.9%+1.9pp | -9.8%-9.3pp | -0.5%+17.4pp | -17.9%-15.2pp | -2.8% |
| Net Margin | -1.0%-3.1pp | 2.1%+22.7pp | -20.6%-13.4pp | -7.2%+1.8pp | -9.0%-8.9pp | -0.0%+16.9pp | -16.9%-9.8pp | -7.1% |
| Return on Equity | -1.7%-5.6pp | 3.8%+31.8pp | -28.0%-17.0pp | -11.0%+0.2pp | -11.3%-11.2pp | -0.1%+15.5pp | -15.6%-6.7pp | -8.9% |
| Return on Assets | -0.4%-1.4pp | 0.9%+7.5pp | -6.6%-3.4pp | -3.3%+0.1pp | -3.3%-3.3pp | -0.0%+4.8pp | -4.8%-1.8pp | -3.0% |
| Current Ratio | 1.18+0.0 | 1.13+0.0 | 1.09-0.2 | 1.32-0.0 | 1.35-0.0 | 1.36-0.1 | 1.44-0.2 | 1.68 |
| Debt-to-Equity | 2.88-0.3 | 3.19-0.0 | 3.22+0.8 | 2.400.0 | 2.390.0 | 2.39+0.1 | 2.25+0.3 | 1.97 |
| FCF Margin | -8.3%-17.2pp | 8.9%+17.8pp | -9.0%-5.5pp | -3.5%+14.0pp | -17.5%-22.4pp | 4.9%+28.9pp | -24.0%-24.2pp | 0.2% |
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Frequently Asked Questions
What is Tillys Inc's annual revenue?
Tillys Inc (TLYS) reported $569.5M in total revenue for fiscal year 2025. This represents a -8.6% 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 Tillys Inc's revenue growing?
Tillys Inc (TLYS) revenue declined by 8.6% year-over-year, from $623.1M to $569.5M in fiscal year 2025.
Is Tillys Inc profitable?
No, Tillys Inc (TLYS) reported a net income of -$46.2M in fiscal year 2025, with a net profit margin of -8.1%.
What is Tillys Inc's EBITDA?
Tillys Inc (TLYS) had EBITDA of -$37.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tillys Inc's gross margin?
Tillys Inc (TLYS) had a gross margin of 26.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tillys Inc's operating margin?
Tillys Inc (TLYS) had an operating margin of -8.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Tillys Inc's net profit margin?
Tillys Inc (TLYS) had a net profit margin of -8.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Tillys Inc's return on equity (ROE)?
Tillys Inc (TLYS) has a return on equity of -58.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Tillys Inc's free cash flow?
Tillys Inc (TLYS) generated -$50.2M in free cash flow during fiscal year 2025. This represents a -142.8% 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 Tillys Inc's operating cash flow?
Tillys Inc (TLYS) generated -$42.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tillys Inc's total assets?
Tillys Inc (TLYS) had $334.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tillys Inc's capital expenditures?
Tillys Inc (TLYS) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Tillys Inc's current ratio?
Tillys Inc (TLYS) had a current ratio of 1.09 as of fiscal year 2025, which is considered adequate.
What is Tillys Inc's debt-to-equity ratio?
Tillys Inc (TLYS) had a debt-to-equity ratio of 3.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tillys Inc's return on assets (ROA)?
Tillys Inc (TLYS) had a return on assets of -13.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tillys Inc's cash runway?
Based on fiscal year 2025 data, Tillys Inc (TLYS) had $27.2M in cash against an annual operating cash burn of $42.0M. This gives an estimated cash runway of approximately 8 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.
What is Tillys Inc's Piotroski F-Score?
Tillys Inc (TLYS) has a Piotroski F-Score of 2 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 Tillys Inc's earnings high quality?
Tillys Inc (TLYS) has an earnings quality ratio of 0.91x, 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.
How financially healthy is Tillys Inc?
Tillys Inc (TLYS) scores 13 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.