TILLY'S, INC. TLYS
Tillys is a leading destination specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men, young women, boys and girls with an extensive assortment of iconic global, emerging, and proprietary brands rooted in an active, outdoor and social lifestyle. Tillys is headquartered in Irvine, California and operated 223 stores in 33 states as of January 31, 2026. Our stores are located in malls, lifestyle centers, "power" centers, community centers, outlet centers, and street-front locations. Customers may also shop online at www.tillys.com, where we feature the same assortment of products as is carried in our brick-and-mortar stores, supplemented by additional online-only styles. Our goal is to serve as a destination for the latest, most relevant merchandise and brands important to our customers.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $553.6M | $569.5M | $623.1M | $672.3M | $775.7M | $531.3M | $619.3M | $598.5M | $576.9M | $569.0M |
| Cost of revenue | $389.1M | $419.8M | $457.4M | $469.5M | $499.0M | $389.1M | $432.6M | $417.6M | $401.5M | $400.5M |
| Gross profit | $164.5M | $149.7M | $165.7M | $202.7M | $276.7M | $142.2M | $186.7M | $180.9M | $175.4M | $168.5M |
| SG&A | $183.8M | $199.5M | $196.6M | $191.6M | $189.1M | $145.2M | $158.3M | $149.4M | $151.4M | $149.1M |
| Operating income | -$19.3M | -$49.8M | -$31.0M | $11.2M | $87.6M | -$3.0M | $28.5M | $31.5M | $24.0M | $19.3M |
| Pre-tax income | -$17.6M | -$46.0M | -$25.8M | $13.2M | $87.0M | -$2.5M | $31.4M | $33.8M | $25.2M | $19.7M |
| Income tax | $137.0K | $217.0K | $8.7M | $3.5M | $22.8M | $1.3M | $8.7M | $8.8M | $10.5M | $8.3M |
| Net income | -$17.5M | -$46.2M | -$34.5M | $9.7M | $64.2M | -$1.1M | $22.6M | $24.9M | $14.7M | $11.4M |
| EPS, diluted | -0.58 | -1.54 | -1.16 | — | — | — | — | — | — | — |
| Shares, diluted (wtd. avg.) | $30.1M | $30.0M | $29.8M | $30.3M | $31.1M | $29.7M | $29.8M | $29.8M | $29.1M | $28.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $46.3M | $21.1M | $47.0M | $73.5M | $42.2M | $76.2M | $70.1M | $68.2M | $53.2M | $79.0M |
| Short-term investments | $0 | $25.7M | $48.0M | $39.8M | $97.0M | $65.0M | $69.8M | $75.9M | $82.8M | $54.9M |
| Receivables | $6.1M | $4.1M | $5.9M | $9.2M | $6.7M | $8.7M | $7.5M | $6.1M | $4.4M | $4.0M |
| Inventory | $61.7M | $69.2M | $63.2M | $62.1M | $65.6M | $55.7M | $56.9M | $55.8M | $53.2M | $47.8M |
| Total current assets | $125.2M | $131.0M | $176.1M | $202.4M | $228.0M | $211.7M | $208.9M | $217.1M | $203.1M | $195.2M |
| Property, plant and equipment | $33.5M | $40.1M | $48.1M | $50.6M | $47.5M | $52.6M | $66.2M | $73.8M | $83.3M | $89.2M |
| Total assets | $310.8M | $342.5M | $429.5M | $475.8M | $504.8M | $507.5M | $546.6M | $293.2M | $290.1M | $290.5M |
| Accounts payable | $21.7M | $11.1M | $14.5M | $16.0M | $28.1M | $25.0M | $20.6M | $24.2M | $21.6M | $17.6M |
| Total current liabilities | $100.1M | $99.4M | $104.6M | $108.3M | $136.2M | $134.2M | $145.3M | $97.3M | $95.6M | $65.4M |
| Total liabilities | $225.6M | $241.6M | $284.7M | $299.0M | $330.1M | $346.8M | $386.7M | $129.8M | $129.7M | $101.3M |
| Retained earnings | -$91.6M | -$74.2M | -$28.0M | $6.5M | $7.8M | $5.1M | $6.3M | $13.3M | $16.4M | $51.0M |
| Total equity | $85.1M | $100.9M | $144.9M | $176.8M | $174.7M | $160.6M | $159.9M | $163.3M | $160.4M | $189.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.1M | -$42.0M | -$6.7M | -$1.4M | $63.4M | $38.9M | $36.4M | $46.7M | $32.7M | $48.5M |
| Depreciation and amortisation | $10.6M | $12.8M | $12.8M | $14.1M | $16.8M | $19.1M | $20.9M | $22.5M | $23.4M | $23.3M |
| Stock-based compensation | $1.9M | $2.1M | $2.2M | $2.3M | $1.9M | $2.0M | $2.1M | $2.2M | $2.4M | $2.6M |
| Capital expenditure | $4.7M | $8.2M | $14.0M | $15.1M | $13.4M | $8.5M | $14.3M | $14.9M | $13.8M | $17.0M |
| Investing cash flow | $21.2M | $15.8M | -$20.0M | $42.8M | -$45.3M | -$3.2M | -$6.5M | -$6.3M | -$40.9M | -$21.7M |
| Financing cash flow | $0 | $294.0K | $227.0K | -$10.1M | -$52.1M | -$29.7M | -$27.9M | -$25.5M | -$17.6M | $1.1M |
| Dividends paid | — | — | $0 | $0 | $1 | $29.7M | $29.7M | $29.1M | $20.1M | $20.1M |
| Buybacks | — | $0 | $0 | $10.9M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-025880.
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