Tillys Inc Financials
Tillys Inc (TLYS) reported $553.6M in revenue for fiscal year 2025, down 2.8% from the prior fiscal year. This page shows its 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).
A sharp margin and cash-flow repair in FY2025 leaves a smaller business operating with thinner liquidity and elevated leverage.
In FY2025, operating cash flow turned positive at$4.1M while net loss remained-$17.5M , showing that cash movement improved before reported earnings did. Yet capital spending of$4.7M consumed nearly all that inflow, leaving free cash flow at-$589K : the repair stabilized cash generation but did not create meaningful surplus.
FY2025 gross margin recovered to
Current ratio fell to 1.3x from 1.7x, so near-term coverage has narrowed. At the same time, debt-to-equity reached 2.6x and inventory stood at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Tillys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Tillys Inc has an operating margin of -3.5%, meaning the company loses $3 on every $100 of revenue. This results in a profitability score of 21/100. This is up from -8.8% the prior year.
Tillys Inc's revenue declined 2.8% year-over-year, from $569.5M to $553.6M. This contraction results in a growth score of 16/100.
Tillys Inc has elevated debt relative to equity (D/E of 2.65), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 24/100, reflecting increased financial risk.
Tillys Inc's current ratio of 1.25 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.
While Tillys Inc generated $4.1M in operating cash flow, capex of $4.7M consumed most of it, leaving -$589K in free cash flow. This results in a low score of 22/100, reflecting heavy capital investment rather than weak cash generation.
Tillys Inc posts a -20.5% return on equity (ROE), meaning it loses $21 for every $100 of shareholders' equity. This results in a returns score of 15/100. This is up from -45.8% the prior year.
Tillys Inc scores 1.58, below the 1.81 distress threshold. 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.
Tillys Inc passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Tillys Inc reported a net loss of $17.5M while generating $4.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Tillys Inc generated $553.6M in revenue in fiscal year 2025. This represents a decrease of 2.8% from the prior year.
Tillys Inc's EBITDA was -$8.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 76.4% from the prior year.
Tillys Inc reported -$17.5M in net income in fiscal year 2025. This represents an increase of 62.2% from the prior year.
Tillys Inc earned -$0.58 per diluted share (EPS) in fiscal year 2025. This represents an increase of 62.3% from the prior year.
Cash & Balance Sheet
Tillys Inc recorded an outflow of $589K in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 98.8% from the prior year.
Tillys Inc held $46.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Tillys Inc's gross margin was 29.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.4 percentage points from the prior year.
Tillys Inc's operating margin was -3.5% in fiscal year 2025, reflecting core business profitability. This is up 5.3 percentage points from the prior year.
Tillys Inc's net profit margin was -3.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.0 percentage points from the prior year.
Tillys Inc's ROE was -20.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 25.3 percentage points from the prior year.
Capital Allocation
Tillys Inc invested $4.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 43.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
TLYS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $553.6M-2.8% | $569.5M-8.6% | $623.1M-7.3% | $672.3M-13.3% | $775.7M+46.0% | $531.3M-14.2% | $619.3M+3.5% | $598.5M+3.7% | $576.9M+1.4% | $569.0M+3.3% | $551.0M+6.3% | $518.3M+4.5% | $495.8M+6.1% | $467.3M+16.6% | $400.6M |
| Cost of Revenue | $389.1M-7.3% | $419.8M-8.2% | $457.4M-2.6% | $469.5M-5.9% | $499.0M+28.2% | $389.1M-10.0% | $432.6M+3.6% | $417.6M+4.0% | $401.5M+0.3% | $400.5M+4.4% | $383.7M+5.8% | $362.8M+5.1% | $345.0M+7.9% | $319.7M+17.8% | $271.5M |
| Gross Profit | $164.5M+9.9% | $149.7M-9.6% | $165.7M-18.3% | $202.7M-26.7% | $276.7M+94.6% | $142.2M-23.8% | $186.7M+3.2% | $180.9M+3.2% | $175.4M+4.1% | $168.5M+0.7% | $167.2M+7.5% | $155.5M+3.1% | $150.8M+2.2% | $147.6M+14.3% | $129.1M |
| SG&A Expenses | $183.8M-7.9% | $199.5M+1.5% | $196.6M+2.7% | $191.6M+1.3% | $189.1M+30.2% | $145.2M-8.2% | $158.3M+5.9% | $149.4M-1.3% | $151.4M+1.5% | $149.1M0.0% | $149.2M+12.7% | $132.3M+9.3% | $121.1M+4.2% | $116.2M+23.3% | $94.2M |
| Operating Income | -$19.3M+61.2% | -$49.8M-60.9% | -$31.0M-376.9% | $11.2M-87.2% | $87.6M+2981.4% | -$3.0M-110.7% | $28.5M-9.6% | $31.5M+31.2% | $24.0M+24.1% | $19.3M+6.8% | $18.1M-22.0% | $23.2M-22.0% | $29.7M-5.3% | $31.4M-10.1% | $34.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $91K-53.6% | $196K |
| Income Tax | -$137K-163.1% | $217K-97.5% | $8.7M+149.5% | $3.5M-84.7% | $22.8M+1831.5% | -$1.3M-115.0% | $8.7M-1.3% | $8.8M-15.8% | $10.5M+26.0% | $8.3M-21.4% | $10.6M+16.6% | $9.1M-21.5% | $11.6M+56.5% | $7.4M+1803.9% | $389K |
| Net Income | -$17.5M+62.2% | -$46.2M-34.0% | -$34.5M-456.4% | $9.7M-84.9% | $64.2M+5711.3% | -$1.1M-105.1% | $22.6M-9.3% | $24.9M+69.7% | $14.7M+28.8% | $11.4M+51.3% | $7.5M-46.4% | $14.1M-22.4% | $18.1M-24.1% | $23.9M-30.4% | $34.3M |
| EPS (Diluted) | -$0.58+62.3% | -$1.54-32.8% | -$1.16 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0.92-45.2% | $1.68 |
Not reported in any period shown, so not listed: R&D Expenses.
TLYS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $310.8M-9.3% | $342.5M-20.3% | $429.5M-9.7% | $475.8M-5.8% | $504.8M-0.5% | $507.5M-7.2% | $546.6M+86.5% | $293.2M+1.1% | $290.1M-0.1% | $290.5M+7.3% | $270.8M+5.1% | $257.6M+10.8% | $232.4M+13.2% | $205.4M+45.8% | $140.8M |
| Current Assets | $125.2M-4.4% | $131.0M-25.6% | $176.1M-13.0% | $202.4M-11.2% | $228.0M+7.7% | $211.7M+1.4% | $208.9M-3.8% | $217.1M+6.9% | $203.1M+4.0% | $195.2M+17.1% | $166.8M+8.8% | $153.3M+20.8% | $126.9M+4.8% | $121.1M+64.0% | $73.8M |
| Cash & Equivalents | $46.3M+120.0% | $21.1M-55.2% | $47.0M-36.0% | $73.5M+74.2% | $42.2M-44.6% | $76.2M+8.6% | $70.1M+2.9% | $68.2M+28.1% | $53.2M-32.7% | $79.0M+54.8% | $51.0M+2.5% | $49.8M+95.9% | $25.4M+46.8% | $17.3M-31.0% | $25.1M |
| Inventory | $61.7M-10.8% | $69.2M+9.5% | $63.2M+1.7% | $62.1M-5.4% | $65.6M+17.9% | $55.7M-2.1% | $56.9M+2.0% | $55.8M+4.9% | $53.2M+11.4% | $47.8M-7.0% | $51.4M-0.3% | $51.5M+11.3% | $46.3M-0.7% | $46.6M+27.5% | $36.5M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $6.6M |
| Total Liabilities | $225.6M-6.6% | $241.6M-15.1% | $284.7M-4.8% | $299.0M-9.4% | $330.1M-4.8% | $346.8M-10.3% | $386.7M+197.9% | $129.8M+0.1% | $129.7M+28.0% | $101.3M+3.8% | $97.5M-1.3% | $98.9M+8.1% | $91.5M+3.9% | $88.1M+9.6% | $80.4M |
| Current Liabilities | $100.1M+0.7% | $99.4M-4.9% | $104.6M-3.5% | $108.3M-20.5% | $136.2M+1.5% | $134.2M-7.6% | $145.3M+49.4% | $97.3M+1.7% | $95.6M+46.2% | $65.4M+17.2% | $55.8M+0.9% | $55.3M+19.6% | $46.2M-2.1% | $47.2M+2.2% | $46.2M |
| Total Equity | $85.1M-15.6% | $100.9M-30.4% | $144.9M-18.1% | $176.8M+1.2% | $174.7M+8.8% | $160.6M+0.5% | $159.9M-2.1% | $163.3M+1.8% | $160.4M-15.2% | $189.2M+9.2% | $173.2M+9.2% | $158.7M+12.6% | $140.9M+20.1% | $117.3M+94.1% | $60.4M |
| Retained Earnings | -$91.6M-23.5% | -$74.2M-165.3% | -$28.0M-528.2% | $6.5M-15.8% | $7.8M+51.0% | $5.1M-18.2% | $6.3M-52.9% | $13.3M-18.7% | $16.4M-67.9% | $51.0M+28.8% | $39.6M+23.5% | $32.1M+78.2% | $18.0M+12955.0% | -$140K-100.2% | $60.3M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
TLYS 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 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.1M+109.8% | -$42.0M-524.1% | -$6.7M-375.8% | -$1.4M-102.2% | $63.4M+63.0% | $38.9M+6.8% | $36.4M-22.1% | $46.7M+42.9% | $32.7M-32.6% | $48.5M+31.3% | $36.9M-23.5% | $48.3M+10.3% | $43.8M+4.9% | $41.7M-20.6% | $52.6M |
| Capital Expenditures | $4.7M-43.0% | $8.2M-41.1% | $14.0M-7.7% | $15.1M+12.6% | $13.4M+58.5% | $8.5M-40.8% | $14.3M-4.2% | $14.9M+8.5% | $13.8M-19.3% | $17.0M-26.2% | $23.1M-2.3% | $23.6M-44.6% | $42.7M+28.2% | $33.3M+64.7% | $20.2M |
| Free Cash Flow | -$589K+98.8% | -$50.2M-142.8% | -$20.7M-25.1% | -$16.5M-133.1% | $50.0M+64.3% | $30.4M+37.5% | $22.1M-30.4% | $31.8M+67.9% | $19.0M-39.8% | $31.5M+127.2% | $13.8M-43.8% | $24.7M+2155.4% | $1.1M-87.0% | $8.4M-73.9% | $32.4M |
| Investing Cash Flow | $21.2M+34.3% | $15.8M+178.8% | -$20.0M-146.7% | $42.8M+194.4% | -$45.3M-1317.8% | -$3.2M+50.9% | -$6.5M-4.0% | -$6.3M+84.7% | -$40.9M | N/A | N/A | N/A | -$37.5M+48.1% | -$72.3M-258.1% | -$20.2M |
| Financing Cash Flow | $0-100.0% | $294K+29.5% | $227K+102.3% | -$10.1M+80.7% | -$52.1M-75.6% | -$29.7M-6.1% | -$27.9M-9.5% | -$25.5M-44.9% | -$17.6M | N/A | N/A | N/A | $1.8M-92.0% | $22.8M+162.3% | -$36.6M |
| Dividends Paid | N/A | N/A | $0 | $0-100.0% | $61.6M+107.7% | $29.7M+0.8% | $29.5M+1.3% | $29.1M+44.8% | $20.1M | $0 | $0 | N/A | N/A | $84.3M+134.1% | $36.0M |
| Share Buybacks | N/A | $0 | $0-100.0% | $10.9M | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TLYS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.7%+3.4pp | 26.3%-0.3pp | 26.6%-3.6pp | 30.2%-5.5pp | 35.7%+8.9pp | 26.8%-3.4pp | 30.1%-0.1pp | 30.2%-0.2pp | 30.4%+0.8pp | 29.6%-0.7pp | 30.3%+0.3pp | 30.0%-0.4pp | 30.4%-1.2pp | 31.6%-0.7pp | 32.2% |
| Operating Margin | -3.5%+5.3pp | -8.8%-3.8pp | -5.0%-6.6pp | 1.7%-9.6pp | 11.3%+11.9pp | -0.6%-5.2pp | 4.6%-0.7pp | 5.3%+1.1pp | 4.2%+0.8pp | 3.4%+0.1pp | 3.3%-1.2pp | 4.5%-1.5pp | 6.0%-0.7pp | 6.7%-2.0pp | 8.7% |
| Net Margin | -3.1%+5.0pp | -8.1%-2.6pp | -5.5%-7.0pp | 1.4%-6.8pp | 8.3%+8.5pp | -0.2%-3.9pp | 3.6%-0.5pp | 4.2%+1.6pp | 2.5%+0.5pp | 2.0%+0.6pp | 1.4%-1.3pp | 2.7%-0.9pp | 3.7%-1.4pp | 5.1%-3.5pp | 8.6% |
| Return on Equity | -20.5%+25.3pp | -45.8%-22.0pp | -23.8%-29.3pp | 5.5%-31.3pp | 36.8%+37.5pp | -0.7%-14.9pp | 14.1%-1.1pp | 15.3%+6.1pp | 9.2%+3.1pp | 6.0%+1.7pp | 4.3%-4.5pp | 8.9%-4.0pp | 12.9%-7.5pp | 20.4%-36.5pp | 56.8% |
| Return on Assets | -5.6%+7.9pp | -13.5%-5.5pp | -8.0%-10.1pp | 2.0%-10.7pp | 12.7%+13.0pp | -0.2%-4.4pp | 4.1%-4.4pp | 8.5%+3.4pp | 5.1%+1.1pp | 3.9%+1.1pp | 2.8%-2.7pp | 5.5%-2.3pp | 7.8%-3.8pp | 11.6%-12.8pp | 24.4% |
| Current Ratio | 1.25-0.1x | 1.32-0.4x | 1.68-0.2x | 1.87+0.2x | 1.67+0.1x | 1.58+0.1x | 1.44-0.8x | 2.23+0.1x | 2.12-0.9x | 2.990.0x | 2.99+0.2x | 2.770.0x | 2.75+0.2x | 2.57+1.0x | 1.60 |
| Debt-to-Equity | 2.65+0.3x | 2.40+0.4x | 1.97+0.3x | 1.69-0.2x | 1.89-0.3x | 2.16-0.3x | 2.42+1.6x | 0.800.0x | 0.81+0.3x | 0.540.0x | 0.56-0.1x | 0.620.0x | 0.65-0.1x | 0.75-0.6x | 1.33 |
| FCF Margin | -0.1%+8.7pp | -8.8%-5.5pp | -3.3%-0.9pp | -2.5%-8.9pp | 6.4%+0.7pp | 5.7%+2.2pp | 3.6%-1.7pp | 5.3%+2.0pp | 3.3%-2.2pp | 5.5%+3.0pp | 2.5%-2.3pp | 4.8%+4.5pp | 0.2%-1.6pp | 1.8%-6.3pp | 8.1% |
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Where Tillys Inc Ranks
Frequently Asked Questions
What is Tillys Inc's annual revenue?
Tillys Inc (TLYS) reported $553.6M in total revenue for fiscal year 2025. This represents a -2.8% 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 2.8% year-over-year, from $569.5M to $553.6M in fiscal year 2025.
Is Tillys Inc profitable?
No, Tillys Inc (TLYS) reported a net income of -$17.5M in fiscal year 2025, with a net profit margin of -3.1%.
What is Tillys Inc's EBITDA?
Tillys Inc (TLYS) had EBITDA of -$8.8M 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 29.7% 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 -3.5% 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 -3.1% 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 -20.5% 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) recorded an outflow of $589K in free cash flow during fiscal year 2025. This represents a 98.8% 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 $4.1M 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 $310.8M 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 $4.7M 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 1.25 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 2.65 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 -5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Tillys Inc's Altman Z-Score?
Tillys Inc (TLYS) has an Altman Z-Score of 1.58, 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 Tillys Inc's Piotroski F-Score?
Tillys Inc (TLYS) has a Piotroski F-Score of 5 out of 7 computable signals; 2 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 Tillys Inc's earnings high quality?
Tillys Inc (TLYS) reported a net loss of $17.5M while generating $4.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, 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.
How financially healthy is Tillys Inc?
Tillys Inc (TLYS) scores 22 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.