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Tillys Inc SEC Filings

TLYS NYSE

Welcome to our dedicated page for Tillys SEC filings (Ticker: TLYS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Tilly’s, Inc. (NYSE: TLYS) SEC filings page on Stock Titan brings together the company’s key regulatory disclosures, with AI-powered tools to help interpret them. Tillys is a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men, young women, boys, and girls, and its filings provide detailed insight into how this youth-focused retail business operates.

Tillys regularly files Current Reports on Form 8-K to furnish earnings press releases under Item 2.02, "Results of Operations and Financial Condition." These filings attach the full text of the company’s quarterly and annual earnings releases, which include net sales, comparable net sales, gross profit, SG&A expenses, operating income or loss, income tax expense or benefit, and net income or loss. They also break out the performance of physical stores and e-commerce, discuss inventory levels and liquidity, and present management’s outlook for upcoming periods.

The company also uses Form 8-K under Item 5.02 to report leadership and governance changes. For example, an 8-K describes the appointment of Nathan (Nate) Smith as President and Chief Executive Officer and as a director, effective August 18, 2025, and outlines the key terms of his employment offer letter, including base salary, bonus opportunities, equity awards, relocation support, and severance provisions. These disclosures provide transparency into executive compensation and board-level decisions.

On Stock Titan, AI-generated summaries highlight the most important points from Tillys’ filings, helping users quickly understand the implications of lengthy documents. Real-time updates from EDGAR ensure that new 8-Ks and other filings are available as soon as they are posted. Users can review earnings-related disclosures, leadership changes, and other material events without reading every line of the underlying documents.

For investors and researchers following TLYS, this filings page offers a structured view of how Tillys reports its financial condition, operational performance, and corporate governance actions through the SEC reporting framework, supported by AI tools that clarify complex sections and surface key themes.

Rhea-AI Summary

TILLY'S, INC. director and officer Nathan Michael Smith reported a restructuring of his stock option awards. On February 26, 2026, previously granted options covering 900,000 shares were canceled by mutual agreement with the company for no consideration. On the same date, he received new stock option grants covering 900,000 shares each.

One new award vests over four years, with 25% vesting on September 8, 2026 and monthly vesting of 18,750 options through September 8, 2029, subject to continued employment. Another award is performance-based, with options potentially earned over a performance period through the option’s 10‑year life ending on September 8, 2035, up to a maximum of 900,000 shares based on stock price performance and service through August 18, 2026.

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Tilly’s, Inc. reported changes to its long‑term incentive program and chief executive compensation structure. The board approved an amendment to the Third Amended and Restated 2012 Equity and Incentive Award Plan, raising the maximum number of Class A common shares that any one person can receive in awards in a calendar year to 2,500,000 shares.

On the same date, the company and President and CEO Nathan Smith agreed to cancel his previously granted time‑based option for 900,000 shares and performance‑based option for 900,000 shares. Immediately afterward, the compensation committee granted him new options in the same amounts, on the same terms, under the amended 2012 plan.

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Tilly’s, Inc. reports another quarterly loss but with improved results versus last year. For the thirteen weeks ended November 1, 2025, net sales were $139.6M compared with $143.4M a year ago, while net loss narrowed sharply to $1.4M from $12.9M. Year-to-date net sales were $398.5M versus $422.2M, and the net loss improved to $20.4M from $32.6M.

Gross profit rose to $42.6M for the quarter from $37.2M, driven by lower product and occupancy costs, and operating loss shrank to $1.9M from $14.1M. Cash and cash equivalents increased to $39.0M as of November 1, 2025, up from $21.1M at the prior year-end, helped by positive investing cash flows and much lower operating cash use. Total stockholders’ equity declined to $81.6M from $114.3M a year earlier as cumulative losses continued.

The company operated 230 stores in 33 states, down from 246 a year ago, and expects to close a total of 21 stores in fiscal 2025. Management highlights ongoing headwinds from inflation, higher labor and operating costs, and cautious consumer spending, and it expects the annual effective tax rate to remain near zero due to a full valuation allowance on deferred tax assets.

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Filing
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Tilly's, Inc. reported that it has released its earnings press release for the third quarter ended November 1, 2025. The company furnished this press release as Exhibit 99.1 to this report, making detailed quarterly financial and operating results available to the market. The information in the press release and this item is treated as furnished rather than filed under securities laws, which limits how it can be used for certain legal purposes.

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Long Focus Capital Management, LLC and John Helmers filed a Schedule 13G reporting a passive stake in Tilly’s, Inc. (Class A). They beneficially own 1,712,130 shares, equal to 7.4% of the class, as of September 30, 2025.

The reporting persons have shared voting and dispositive power over 1,712,130 shares and no sole voting or dispositive power. The shares are held in client accounts under investment management agreements, and no single client owns more than 5% of the class. The certification states the securities were acquired and are held in the ordinary course of business and not to change or influence control.

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Filing
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Fund 1 Investments, LLC reports beneficial ownership of 8,058,268 shares of Tilly's, Inc. Class A Common Stock, representing approximately 34.8% of the 23,167,562 shares outstanding. The reporting states the aggregate purchase price for those shares was approximately $66,541,551 including commissions, and discloses a pro rata distribution of 116,611 shares to certain unaffiliated limited partners on 10/03/2025. The filing clarifies the shares were acquired using the funds' working capital (which may include ordinary-course margin loans) and that no other transactions occurred in the past 60 days. The statement is signed by Benjamin C. Cable as COO and reporting person.

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Tilly's, Inc. (TLYS) insiders—Fund 1 Investments, Pleasant Lake Partners LLC, and PLP Funds Master Fund LP—reported a distribution of 116,611 Class A common shares on 10/03/2025 for no consideration to certain unaffiliated limited partners on a pro rata basis. After the distribution, the Reporting Persons collectively beneficially own 8,058,268 Class A shares, held indirectly. The filing clarifies that the shares are held for the benefit of the Master Fund and related private vehicles and that each Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest. Signatures indicate the form was executed on 10/07/2025.

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TILLY'S, INC. (TLYS) Form 4 shows insider awards to Nathan Michael Smith, the company's President and Chief Executive Officer. On 09/08/2025 Mr. Smith was granted two stock option awards, each covering 900,000 shares of Class A common stock with an exercise price of $1.99 and a ten-year term expiring on 09/08/2035. One award vests over four years beginning 09/08/2026 with 25% at the first anniversary and monthly vesting thereafter; the other is a performance-based option that vests only if performance and service conditions are met, with the maximum quantity reported and service vesting satisfied on 08/18/2026 if earned. Both grants are reported as direct beneficial ownership. The filing is signed by an attorney-in-fact on 09/17/2025.

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Nathan Michael Smith is disclosed as a director and officer of Tilly's, Inc. (TLYS) with the title President and Chief Executive Officer. The filing states that no securities are beneficially owned by the reporting person. The submission was made as an initial Form 3 by a single reporting person and was signed by an attorney-in-fact.

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Tillys, Inc. reported weaker first-half results with total net sales of $258.9 million, down 7.1% year-over-year, and comparable net sales down 5.5%. Physical store sales fell to $208.6 million (down 7.3%) while e-com sales were $50.2 million (down 6.3%). Gross profit was $70.4 million, or 27.2% of sales, improving margin mix by 140 basis points due to higher initial markups and lower markdowns, despite lower sales. SG&A was $90.4 million (34.9% of sales), contributing to a first-half $19.0 million net loss ($0.63 per share). The company operated 232 stores versus 247 a year ago and expects to close about 16 stores in fiscal 2025. Liquidity: an asset-based Revolving Commitment of $65.0 million (amended maturity June 25, 2027) with $63.0 million borrowing capacity and no outstanding borrowings as of August 2, 2025. Management cites inflationary pressure, wage increases, and retail softness as ongoing headwinds.

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FAQ

What is the current stock price of Tillys (TLYS)?

The current stock price of Tillys (TLYS) is $1.49 as of March 6, 2026.

What is the market cap of Tillys (TLYS)?

The market cap of Tillys (TLYS) is approximately 45.1M.

TLYS Rankings

TLYS Stock Data

45.10M
22.39M
Apparel Retail
Retail-apparel & Accessory Stores
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United States
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