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TLYS

Tilly's, Inc.

TLYS

Tilly's, Inc. • NYSE
$1.37 ▼ -2.14% (-0.03)
Market Cap $41.19 M
52w High $4.77
52w Low $0.57
Dividend Yield 0%
P/E -0.91
Volume 52.40K
Outstanding Shares 30.07M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $151.256M ▲ $46.424M ▲ $3.165M ▲ 2.092% ▲ $0.11 ▲ $8.73M ▲
Q1-2025 $107.611M ▼ $43.974M ▼ $-22.152M ▼ -20.585% ▼ $-0.74 ▼ $-19.861M ▼
Q4-2024 $147.288M ▲ $52.28M ▲ $-13.664M ▼ -9.277% ▼ $-0.45 ▼ $-10.963M ▲
Q3-2024 $143.442M ▼ $51.251M ▲ $-12.875M ▼ -8.976% ▼ $-0.43 ▼ $-13.921M ▼
Q2-2024 $162.867M $50.648M $-69K -0.042% $-0.002 $2.351M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $50.68M ▲ $345.531M ▲ $263.031M ▲ $82.5M ▲
Q1-2025 $37.204M ▼ $334.151M ▼ $255.036M ▲ $79.115M ▼
Q4-2024 $46.709M ▼ $342.463M ▼ $241.592M ▼ $100.871M ▼
Q3-2024 $51.728M ▼ $387.27M ▼ $272.959M ▼ $114.311M ▼
Q2-2024 $76.696M $429.197M $302.424M $126.773M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $3.165M ▲ $17.838M ▲ $9.48M ▼ $-3.869M ▼ $23.449M ▲ $17.309M ▲
Q1-2025 $-22.152M ▼ $-8.119M ▼ $14.294M ▲ $0 $6.175M ▲ $-9.641M ▼
Q4-2024 $-13.664M ▼ $-3.815M ▲ $-1.536M ▼ $0 $-5.351M ▲ $-5.361M ▲
Q3-2024 $-12.875M ▼ $-23M ▼ $12.658M ▲ $0 ▼ $-10.342M ▼ $-25.053M ▼
Q2-2024 $-69K $10.487M $6.241M $141K $16.869M $7.999M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q2-2025
Breakage
Breakage
 $0 ▲$0 ▲$10.00M ▲$0 ▼
Customer Loyalty Program
Customer Loyalty Program
 $0 ▲$0 ▲$0 ▲$0 ▲
Ecommerce
Ecommerce
 $30.00M ▲$30.00M ▲$0 ▼$0 ▲
Retail Store
Retail Store
 $130.00M ▲$110.00M ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Sales have been drifting down from their peak a few years ago, and profits have turned into losses. The company is still bringing in a meaningful level of revenue, but its costs and discounting are eroding margins. Earnings swung from solidly positive in the past to clearly negative in the last two years, showing that the current sales base is not large or profitable enough to comfortably cover operating expenses. Overall, the income statement tells a story of pressure on both growth and profitability that management needs to address through better merchandising, pricing, and cost control.

Balance Sheet

Balance Sheet The balance sheet has gradually shrunk, with total assets and shareholders’ equity both trending lower. Cash levels have come down from earlier years, giving the company less of a cushion than it once had. Lease and other debt-like obligations remain meaningful compared with equity, which reduces financial flexibility. The company is not in an obviously distressed position based on this high-level view, but it clearly has less balance sheet strength and fewer reserves than it enjoyed at its recent peak.

Cash Flow

Cash Flow Cash generation from the core business has weakened, turning negative in the last couple of years. After routine investment in stores and systems, free cash flow has also been negative most recently, meaning the business is not currently funding itself from internal cash generation. Capital spending is relatively modest, so the main issue is operating performance rather than overspending on growth projects. Sustained improvement in day-to-day profitability will be important to restore healthier, self-funded cash flow.

Competitive Edge

Competitive Edge Tilly’s competes in a very crowded teen and young-adult apparel space, fighting for attention against specialty chains, brands’ own websites, online marketplaces, and off-price retailers. Its edge comes from a curated mix of popular third‑party brands, a strong private-label portfolio led by RSQ, and a lifestyle-oriented store experience tailored to its young audience. Exclusive collaborations and a distinct in-store vibe help differentiation, but the company is still exposed to intense price competition, shifting fashion trends, and the risk that key partner brands keep pushing their own direct-to-consumer channels. Overall, it has a recognizable niche but operates in a tough, fast-moving market.

Innovation and R&D

Innovation and R&D The company is not a heavy research spender in the traditional sense, but it is investing in digital tools, data, and product development. On the technology side, it has built an omnichannel model with an upgraded website, app integrations in stores, digital kiosks, curbside options, and new AI-driven systems for inventory and allocation. On the product side, its in-house brands and exclusive collaborations are core innovation drivers, offering unique styles and better margins. Future value from these efforts depends on how well Tilly’s keeps up with changing platforms, social media trends, and rapidly shifting teen tastes.

Summary

Tilly’s has a recognizable brand and a clear target customer, supported by strong relationships with major labels, growing private brands, and a more tech-enabled shopping experience. At the same time, its recent financial performance shows real strain: revenue has softened, profits have turned into losses, and cash flow is under pressure, while the balance sheet is not as strong as it once was. The strategic focus on proprietary labels, exclusive collaborations, and better digital execution gives it levers to improve, but execution risk is high in such a competitive, trend-sensitive segment. The key questions going forward are whether management can stabilize sales, rebuild margins, and convert its innovation and brand strengths back into consistent, positive cash generation.

NEWS

September 3, 2025 · 4:05 PM UTC

Tilly's, Inc. Reports Fiscal 2025 Second Quarter Operating Results

Read more