TILT Holdings Inc. (TLLTF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
SUITE 2200, 885 WEST GEORGIA STREET VANCOUVER, BC V6C 3E8 |
| State of Incorp. | BC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2111 - Cigarettes (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,377 | 2,219 | 2,034 | 1,486 | 2,815 | 3,891 | |||
| Cash and cash equivalent | 1,377 | 2,219 | 2,034 | 1,486 | 2,815 | 3,891 | |||
| Restricted cash and investments | 1,300 | 1,300 | 1,298 | 1,297 | 1,298 | 1,298 | |||
| Receivables | (1,171) | 252 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 27,487 | 36,838 | 32,908 | 38,435 | 36,826 | 45,905 | |||
| Inventory | 27,487 | 36,838 | 32,908 | 38,435 | 36,826 | 45,905 | |||
| Asset, held-for-sale, not part of disposal group | 185 | ||||||||
| Financing receivable, accrued interest, after allowance for credit loss | ✕ | ✕ | ✕ | 198 | 132 | ||||
| Other undisclosed current assets | 12,699 | 19,526 | 21,205 | 23,639 | 27,586 | 28,076 | |||
| Total current assets: | 42,863 | 59,883 | 56,274 | 64,857 | 68,723 | 79,739 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,854 | 2,048 | 2,242 | 2,437 | 2,631 | 4,094 | |||
| Operating lease, right-of-use asset | 12,155 | 12,266 | 12,296 | 12,406 | 12,518 | 12,629 | |||
| Property, plant and equipment | 32,831 | 49,847 | 51,185 | 52,675 | 54,319 | 59,439 | |||
| Long-term investments and receivables | 1,002 | 1,030 | 1,067 | 1,356 | 1,357 | 12,107 | |||
| Long-term investments | 1 | 1 | 2 | 6,402 | |||||
| Accounts and financing receivable, after allowance for credit loss | 1,002 | 1,030 | 1,066 | 1,355 | 1,355 | 5,705 | |||
| Intangible assets, net (including goodwill) | 96,046 | 99,284 | 102,522 | 112,970 | 116,208 | 120,201 | |||
| Goodwill | 17,721 | 17,721 | 17,721 | 20,751 | 20,751 | 20,751 | |||
| Intangible assets, net (excluding goodwill) | 78,325 | 81,563 | 84,801 | 92,219 | 95,457 | 99,450 | |||
| Deferred income tax assets | 5,524 | 3,657 | 2,574 | 1,008 | |||||
| Other noncurrent assets | 3,171 | 1,945 | 1,945 | 1,954 | 1,454 | 1,473 | |||
| Total noncurrent assets: | 147,059 | 171,944 | 174,914 | 186,372 | 189,495 | 209,943 | |||
| TOTAL ASSETS: | 189,922 | 231,827 | 231,188 | 251,229 | 258,218 | 289,682 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 45,119 | 53,601 | 49,098 | 48,984 | 43,147 | 50,624 | |||
| Accounts payable | 43,482 | 51,273 | 46,326 | 45,587 | 40,144 | 45,983 | |||
| Accrued liabilities | 4,353 | 1,840 | 1,534 | 2,183 | 1,634 | 3,875 | |||
| Other undisclosed accounts payable and accrued liabilities | (2,716) | 488 | 1,238 | 1,214 | 1,369 | 766 | |||
| Deferred revenue | 3,979 | 4,241 | 6,083 | 4,040 | 5,404 | 4,745 | |||
| Debt | 25,710 | 30,366 | 18,255 | 20,366 | 12,668 | 6,645 | |||
| Other undisclosed current liabilities | 3,017 | 2,854 | 2,636 | 1,493 | 1,907 | 1,559 | |||
| Total current liabilities: | 77,825 | 91,062 | 76,072 | 74,883 | 63,126 | 63,573 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 40,059 | 33,266 | 38,149 | 37,642 | 49,167 | 47,315 | |||
| Long-term debt, excluding current maturities | 37,669 | 30,545 | 35,108 | 34,287 | 45,504 | 43,356 | |||
| Finance lease, liability | 2,390 | 2,721 | 3,041 | 3,355 | 3,663 | 3,959 | |||
| Liabilities, other than long-term debt | 13,948 | 13,680 | 13,800 | 13,990 | 14,189 | 16,545 | |||
| Deferred income tax liabilities | 472 | 2,157 | |||||||
| Other liabilities | 716 | 889 | 1,057 | 1,233 | 1,413 | 1,593 | |||
| Operating lease, liability | 12,760 | 12,791 | 12,743 | 12,757 | 12,776 | 12,795 | |||
| Other undisclosed noncurrent liabilities | 41,173 | 40,977 | 40,774 | 40,577 | 40,386 | 40,201 | |||
| Total noncurrent liabilities: | 95,180 | 87,923 | 92,723 | 92,209 | 103,742 | 104,061 | |||
| Total liabilities: | 173,005 | 178,985 | 168,795 | 167,092 | 166,868 | 167,634 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 16,917 | 52,842 | 62,393 | 84,137 | 92,617 | 121,873 | |||
| Common stock | 856,532 | 856,512 | 856,422 | 856,208 | 856,044 | 858,405 | |||
| Additional paid in capital | 225,270 | 225,267 | 225,250 | 225,254 | 225,228 | 225,225 | |||
| Accumulated other comprehensive income | 965 | 966 | 973 | 976 | 983 | 986 | |||
| Accumulated deficit | (1,071,685) | (1,035,738) | (1,026,087) | (1,004,136) | (995,473) | (968,578) | |||
| Other undisclosed equity, attributable to parent | 5,835 | 5,835 | 5,835 | 5,835 | 5,835 | 5,835 | |||
| Equity, attributable to noncontrolling interest | (1,267) | 175 | |||||||
| Total equity: | 16,917 | 52,842 | 62,393 | 84,137 | 91,350 | 122,048 | |||
| TOTAL LIABILITIES AND EQUITY: | 189,922 | 231,827 | 231,188 | 251,229 | 258,218 | 289,682 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,581 | 37,504 | 37,538 | 44,555 | 41,599 | 42,264 | ||
| Cost of revenue (Cost of Product and Service Sold) | (22,322) | (30,787) | (33,958) | (36,595) | (37,559) | (33,468) | ||
| Gross profit: | 4,259 | 6,717 | 3,580 | 7,960 | 4,040 | 8,796 | ||
| Operating expenses | (27,760) | (12,106) | (20,435) | (12,684) | (17,991) | (16,418) | ||
| Operating loss: | (23,501) | (5,389) | (16,855) | (4,724) | (13,951) | (7,622) | ||
| Nonoperating income (expense) | 1 | (2) | 6 | (17) | (65) | 64 | ||
| Investment income, nonoperating | 1 | 2 | (64) | 64 | ||||
| Gain (loss), foreign currency transaction, before tax | (4) | 6 | (17) | (1) | ||||
| Interest and debt expense | (6,792) | (6,043) | (5,072) | (6,369) | (5,466) | (4,092) | ||
| Loss from continuing operations before equity method investments, income taxes: | (30,292) | (11,434) | (21,921) | (11,110) | (19,482) | (11,650) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 510 | 203 | 24 | 470 | (11,597) | 8,110 | ||
| Loss from continuing operations before income taxes: | (29,782) | (11,231) | (21,897) | (10,640) | (31,079) | (3,540) | ||
| Income tax expense (benefit) | (6,165) | 1,580 | (54) | 1,977 | 2,742 | (1,326) | ||
| Net loss: | (35,947) | (9,651) | (21,951) | (8,663) | (28,337) | (4,866) | ||
| Net income (loss) attributable to noncontrolling interest | 1,442 | (9) | ||||||
| Net loss available to common stockholders, diluted: | (35,947) | (9,651) | (21,951) | (8,663) | (26,895) | (4,875) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (35,947) | (9,651) | (21,951) | (8,663) | (28,337) | (4,866) | ||
| Other undisclosed comprehensive income (loss) | (1) | (7) | (3) | (7) | (3) | (2) | ||
| Comprehensive loss: | (35,948) | (9,658) | (21,954) | (8,670) | (28,340) | (4,868) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1,442 | (9) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (35,948) | (9,658) | (21,954) | (8,670) | (26,898) | (4,877) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.