High Tide Q4 Earnings: Strong Sales Growth, Impairment Charge, and Flattening Margins

High Tide reported a net loss of $33.2 million in F4Q25, or $(0.39) per share, but adjusted net income was $0.3 million, or essentially breakeven on a per share basis. Revenue increased to $116.7 million, up from $104.1 million in F4Q24. Adjusted EBITDA rose to $8.8 million, up from $5.9 million in the year-ago quarter. The company maintains ample liquidity to fund new store openings and M&A opportunities.