Tilly's Inc. (TLYS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2027, filed Sep 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TLYS SEC filings page.
Tilly's 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).
Tilly’s is operating from a smaller sales base, but expense discipline and lighter investment improved cash while shrinking equity increased leverage.
In FY2025, a net loss of$17.5M coexisted with operating cash flow of$4.1M . Compared with FY2024, that reverses cash generation while profitability remains negative, showing that cash recovery preceded earnings recovery.
Sales contracted in FY2025, yet gross margin expanded from
Free cash flow nearly reached break-even 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 Tilly's 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.
Tilly's 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 18/100. This is up from -8.8% the prior year.
Tilly's Inc.'s revenue declined 2.8% year-over-year, from $569.5M to $553.6M. This contraction results in a growth score of 14/100.
Tilly's 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 25/100, reflecting increased financial risk.
Tilly's 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 Tilly's 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 18/100, reflecting heavy capital investment rather than weak cash generation.
Tilly's 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 12/100. This is up from -45.8% the prior year.
Tilly's Inc. scores 1.62, 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.
Tilly's 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.
Tilly's 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
Tilly's Inc. generated $163.5M in revenue in Q3 2027. This represents an increase of 8.1% from the same quarter a year earlier. Against the prior quarter it is up 31.1%.
Tilly's Inc.'s EBITDA was $10.4M in Q3 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 89.4% from the same quarter a year earlier. Against the prior quarter it is up 277.7%.
Tilly's Inc. reported $8.4M in net income in Q3 2027. This represents an increase of 164.8% from the same quarter a year earlier. Against the prior quarter it is up 205.4%.
Not reported for Q3 2027.
Cash & Balance Sheet
Tilly's Inc. generated $20.9M in free cash flow in Q3 2027, representing cash available after capex. This represents an increase of 55.7% from the same quarter a year earlier. Against the prior quarter it is up 497.2%.
Tilly's Inc. held $52.3M in cash as of Q3 2027; long-term debt is not reported for that period.
Not reported for Q3 2027.
Margins & Returns
Tilly's Inc.'s gross margin was 35.5% in Q3 2027, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.6 percentage points.
Tilly's Inc.'s operating margin was 5.0% in Q3 2027, reflecting core business profitability. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.5 percentage points.
Tilly's Inc.'s net profit margin was 5.1% in Q3 2027, showing the share of revenue converted to profit. This is up 3.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.5 percentage points.
Tilly's Inc.'s ROE was 9.6% in Q3 2027, measuring profit generated per dollar of shareholder equity. This is up 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 19.9 percentage points.
Capital Allocation
Tilly's Inc. invested $1.4M in capex in Q3 2027, funding long-term assets and infrastructure. This represents an increase of 173.0% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.
Not reported for Q3 2027.
Not reported for Q3 2027.
TLYS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2710-Q | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $163.5M+8.1% | $124.7M+15.9% | $139.6M-2.7% | $151.3M-7.1% | $107.6M-7.1% | $155.5M-14.0% | $143.4M | $162.9M-2.2% |
| Cost of Revenue | $105.4M+3.2% | $88.6M+2.7% | $97.0M-8.7% | $102.2M-9.6% | $86.3M-5.7% | $114.2M-13.8% | $106.2M | $112.9M-4.1% |
| Gross Profit | $58.1M+18.3% | $36.1M+69.5% | $42.6M+14.5% | $49.1M-1.6% | $21.3M-12.5% | $41.3M-14.5% | $37.2M | $49.9M+2.5% |
| SG&A Expenses | $49.9M+7.5% | $44.2M+0.4% | $44.5M-13.2% | $46.4M-8.6% | $44.0M-2.5% | $53.5M+0.5% | $51.3M | $50.8M-0.9% |
| Operating Income | $8.2M+205.2% | -$8.1M+64.3% | -$1.9M+86.4% | $2.7M+411.8% | -$22.7M-9.1% | -$12.2M-145.3% | -$14.1M | -$859K+65.9% |
| EBITDA | $10.4M+89.4% | -$5.8M+70.6% | $582K+105.4% | $5.5M+134.0% | -$19.9M-12.3% | -$8.8M-451.3% | -$10.8M | $2.3M+300.9% |
| Income Tax | $86K+309.8% | $137K+198.6% | $25K+600.0% | -$41K-925.0% | -$139K-969.2% | $365K-96.1% | -$5K | -$4K+98.8% |
| Net Income | $8.4M+164.8% | -$8.0M+64.1% | -$1.4M+89.1% | $3.2M+4687.0% | -$22.2M-12.9% | -$11.1M+13.7% | -$12.9M | -$69K+91.9% |
| Diluted Shares (Avg) | 31M+3.0% | 30M+0.2% | 30M+0.2% | 30M+0.8% | 30M+0.3% | N/A | 30M | 30M+0.5% |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense, EPS (Basic), EPS (Diluted).
TLYS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2710-Q | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $347.1M+0.5% | $317.1M-5.1% | $317.1M-18.1% | $345.5M-19.5% | $334.2M-18.5% | $342.5M-20.3% | $387.3M | $429.2M-9.8% |
| Current Assets | $161.9M+7.5% | $126.0M-0.8% | $135.1M-16.7% | $150.6M-22.6% | $127.0M-22.3% | $131.0M-25.6% | $162.1M | $194.4M-0.6% |
| Cash & Equivalents | $52.3M+3.3% | $31.2M+14.7% | $39.0M+47.8% | $50.7M+37.9% | $27.2M+37.0% | $21.1M-55.2% | $26.4M | $36.7M-17.3% |
| Short-Term Investments | $9.9M | $9.9M-1.0% | $0-100.0% | $0-100.0% | $10.0M-79.3% | $25.7M-46.6% | $25.3M | $39.9M-19.3% |
| Inventory | $80.2M-1.3% | $70.7M-6.4% | $80.7M-12.8% | $81.2M-14.5% | $75.6M-3.8% | $69.2M+9.5% | $92.5M | $95.0M+14.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $260.2M-1.1% | $239.4M-6.1% | $235.5M-13.7% | $263.0M-13.0% | $255.0M-10.2% | $241.6M-15.1% | $273.0M | $302.4M-2.8% |
| Current Liabilities | $139.8M+5.3% | $112.5M-3.4% | $114.4M-4.9% | $132.7M-7.2% | $116.5M+2.7% | $99.4M-4.9% | $120.3M | $143.0M+19.9% |
| Non-Current Liabilities | $120.5M-7.6% | $126.8M-8.4% | $121.0M-20.7% | $130.3M-18.2% | $138.5M-18.8% | $142.2M-21.0% | $152.7M | $159.4M-16.9% |
| Total Equity | $86.9M+5.4% | $77.8M-1.7% | $81.6M-28.6% | $82.5M-34.9% | $79.1M-37.2% | $100.9M-30.4% | $114.3M | $126.8M-23.1% |
| Retained Earnings | -$91.2M+2.1% | -$99.6M-3.4% | -$94.6M-56.3% | -$93.2M-95.5% | -$96.3M-102.5% | -$74.2M-165.3% | -$60.5M | -$47.7M-543.1% |
Not reported in any period shown, so not listed: Accounts Receivable, 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2710-Q | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $22.4M+60.1% | -$3.9M+52.2% | -$10.4M+55.0% | $14.0M+33.2% | -$8.1M+68.4% | -$3.8M-202.4% | -$23.0M | $10.5M+259.9% |
| Depreciation & Amortization | $2.2M-21.4% | $2.3M-20.1% | $2.5M-24.2% | $2.8M-12.5% | $2.8M-8.6% | $3.2M-3.1% | $3.3M | $3.2M+3.2% |
| Stock-Based Compensation | $675K+78.1% | $503K+14.3% | $524K-9.2% | $379K-37.0% | $440K-22.3% | N/A | $577K | $602K-0.7% |
| Capital Expenditures | $1.4M+173.0% | $1.4M-8.7% | $1.3M-36.6% | $529K-78.7% | $1.5M-28.8% | $1.5M-54.7% | $2.1M | $2.5M-41.2% |
| Free Cash Flow | $20.9M+55.7% | -$5.3M+45.4% | -$11.7M+53.5% | $13.4M+68.0% | -$9.6M+65.4% | -$5.4M-1829.4% | -$25.1M | $8.0M+174.1% |
| Investing Cash Flow | -$1.3M-114.1% | -$11.2M-178.7% | -$1.3M-110.1% | $9.5M+51.9% | $14.3M+987.8% | -$1.5M-17.0% | $12.7M | $6.2M+276.0% |
| Financing Cash Flow | $59K | $58K | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0 | $141K+400.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TLYS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2710-Q | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-K | Q4'2510-Q | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.5%+3.1pp | 28.9%+9.1pp | 30.5%+4.6pp | 32.5%+1.8pp | 19.8%-1.2pp | 26.6%-0.2pp | 25.9% | 30.6%+1.4pp |
| Operating Margin | 5.0%+3.2pp | -6.5%+14.6pp | -1.4%+8.4pp | 1.8%+2.3pp | -21.1%-3.1pp | -7.9%-5.1pp | -9.8% | -0.5%+1.0pp |
| Net Margin | 5.1%+3.0pp | -6.4%+14.2pp | -1.0%+8.0pp | 2.1%+2.1pp | -20.6%-3.7pp | -7.2%0.0pp | -9.0% | 0.0%+0.5pp |
| Return on Equity | 9.6%+5.8pp | -10.2%+17.8pp | -1.7%+9.5pp | 3.8%+3.9pp | -28.0%-12.4pp | -11.0%-2.1pp | -11.3% | -0.1%+0.5pp |
| Return on Assets | 2.4%+1.5pp | -2.5%+4.1pp | -0.4%+2.9pp | 0.9%+0.9pp | -6.6%-1.8pp | -3.3%-0.3pp | -3.3% | 0.0%+0.2pp |
| Current Ratio | 1.160.0x | 1.120.0x | 1.18-0.2x | 1.13-0.2x | 1.09-0.4x | 1.32-0.4x | 1.35 | 1.36-0.3x |
| Debt-to-Equity | 2.99-0.2x | 3.08-0.1x | 2.88+0.5x | 3.19+0.8x | 3.22+1.0x | 2.40+0.4x | 2.39 | 2.39+0.5x |
| Asset Turnover | 0.470.0x | 0.39+0.1x | 0.44+0.1x | 0.44+0.1x | 0.320.0x | 0.450.0x | 0.37 | 0.380.0x |
| FCF Margin | 12.8%+3.9pp | -4.2%+4.7pp | -8.3%+9.1pp | 8.9%+4.0pp | -9.0%+15.1pp | -3.5%-3.6pp | -17.5% | 4.9%+11.4pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Tilly's Inc. TLYS | FY2025 | $553.6M | -$17.5M | -3.1% | $135.2M | 20/100 |
| BrilliA Inc BRIA | FY2025 | $64.4M | $2.8M | 4.4% | $35.0M | 42/100 |
| Destination XL Group, Inc. DXLG | FY2025 | $435.0M | -$35.9M | -8.3% | $24.1M | 27/100 |
| Digital Brands Group, Inc. DBGI | FY2025 | $7.4M | -$28.3M | N/A | $2.8M | 8/100 |
| CATO CORP CATO | FY2025 | $653.8M | -$5.9M | -0.9% | $47.8M | 24/100 |
| a.k.a. Brands Holding Corp. AKA | FY2025 | $600.2M | -$31.4M | -5.2% | $119.3M | 33/100 |
Where Tilly's Inc. Ranks
Frequently Asked Questions
What is Tilly's Inc.'s annual revenue?
Tilly's 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 Tilly's Inc.'s revenue growing?
Tilly's Inc. (TLYS) revenue declined by 2.8% year-over-year, from $569.5M to $553.6M in fiscal year 2025.
Is Tilly's Inc. profitable?
No, Tilly's Inc. (TLYS) reported a net income of -$17.5M in fiscal year 2025, with a net profit margin of -3.1%.
What is Tilly's Inc.'s EBITDA?
Tilly's Inc. (TLYS) had EBITDA of -$8.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tilly's Inc.'s gross margin?
Tilly's 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 Tilly's Inc.'s operating margin?
Tilly's 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 Tilly's Inc.'s net profit margin?
Tilly's 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 Tilly's Inc.'s return on equity (ROE)?
Tilly's 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 Tilly's Inc.'s free cash flow?
Tilly's 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 Tilly's Inc.'s operating cash flow?
Tilly's Inc. (TLYS) generated $4.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Tilly's Inc.'s total assets?
Tilly's Inc. (TLYS) had $310.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Tilly's Inc.'s capital expenditures?
Tilly's Inc. (TLYS) invested $4.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Tilly's Inc.'s current ratio?
Tilly's Inc. (TLYS) had a current ratio of 1.25 as of fiscal year 2025, which is considered adequate.
What is Tilly's Inc.'s debt-to-equity ratio?
Tilly's 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 Tilly's Inc.'s return on assets (ROA)?
Tilly's 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 Tilly's Inc.'s P/E ratio?
Tilly's Inc. (TLYS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $135.2M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Tilly's Inc.'s price-to-sales ratio?
Tilly's Inc. (TLYS) trades at 0.2x sales, its market capitalization divided by revenue of $553.6M revenue, FY2025. The market capitalization is $135.2M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Tilly's Inc.'s Altman Z-Score?
Tilly's Inc. (TLYS) has an Altman Z-Score of 1.62, 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 Tilly's Inc.'s Piotroski F-Score?
Tilly's 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 Tilly's Inc.'s earnings high quality?
Tilly's 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 Tilly's Inc.?
Tilly's Inc. (TLYS) scores 20 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.