High Tide Inc. (NASDAQ:HITI) recently reported an earnings per share (EPS) of -$0.0289, falling short of the estimated EPS of -$0.02.

• The revenue for the quarter ending April 2025 reached $96.94 million, slightly exceeding the Zacks Consensus Estimate by 0.22%.
• High Tide’s financial metrics show a negative price-to-earnings (P/E) ratio of -35.24 but a positive price-to-sales ratio of 0.45, suggesting the stock is valued at below half of its sales.

High Tide Inc. operates as a major player in the cannabis retail industry, featuring an expansive network of Canna Cabana locations across Canada. It stands as the largest cannabis retail brand in the country, with 200 locations and a 12% market share.

On June 16, 2025, High Tide reported an EPS of -$0.0289, missing the earnings estimate. This marked a continuing challenge for the company, as it has only surpassed EPS estimates once over the last four quarters. The previous quarter had reported a loss of $0.02 per share.

Despite the earnings miss, High Tide’s revenue of $96.94 million surpassed consensus estimates, showing improvement from the $91.6 million from the same period last year. The company consistently exceeded revenue expectations over the last four quarters, showcasing a strong market presence.

The financial situation illustrates mixed dynamics, with a negative P/E ratio of -35.24 but a price-to-sales ratio of 0.45, indicating under-valuation. The company has a good current ratio of 1.61, covering its short-term liabilities. Meanwhile, its debt-to-equity ratio of 0.47 suggests moderate leverage.

Despite challenges, High Tide continues to be the top revenue generator within the Canadian cannabis industry, with annual revenue surpassing $550 million.