TLYS TILLY'S, INC.

Overview and Growth

TILLY'S, INC. generated $553.59M of revenue in fiscal 2025, with net loss of $17.45M and an operating cash inflow of $4.10M. The $553.59M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line contracted 2.8% from $569.45M in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was -$0.58, which connects the reported earnings outcome with the company’s diluted share count. Total assets stood at $310.76M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 1.78x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $164.47M as gross profit before recognizing operating expenses and other items. Gross margin was 29.7%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was an operating loss of $19.34M, reflecting costs that exceeded gross profit. An operating margin of -3.5% reflected costs exceeding revenue-level gross profit by 3.5% of sales. The company ended the period with a net loss of $17.45M, extending the operating result through all remaining items. The net loss equaled 3.2% of revenue, showing the bottom-line deficit relative to the company’s sales base. The pretax result was a loss of $17.59M, establishing the deficit before tax effects. Pretax margin was -3.2%, reflecting a pre-tax loss equal to 3.2% of revenue. The company recognized an income-tax benefit of $137.00K, increasing after-tax earnings relative to the pretax result. The net loss equaled 20.5% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 5.6%, placing the bottom-line deficit against the company’s resource base. Compared with a $46.23M net loss in fiscal 2024, the current loss improved to $17.45M.

Liquidity and Capital Structure

Total assets were $310.76M, supported by $225.62M of liabilities and $85.14M of shareholder equity. Current assets were $125.19M against $100.11M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 1.25x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $46.31M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 46.3% of current liabilities, showing how much near-term coverage came from cash alone. The equity-to-assets relationship was 27.4%, placing book capital against the total resource base. The liabilities-to-assets relationship was 72.6%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 14.9%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 9.3% lower than fiscal 2024 assets of $342.46M, measuring the company’s own balance-sheet change. Book equity was 15.6% lower than fiscal 2024 equity of $100.87M, showing how shareholder capital changed year over year. Compared with $21.06M in fiscal 2024, the current cash balance moved 120.0% and finished higher.

Cash Flow and Earnings Quality

The company reported $4.10M of operating cash flow, a cash inflow that shows the cash generated by operations. The cash-flow statement records $4.69M of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 114.4% of operating cash flow, leaving the remainder available as free cash flow. Operating cash flow and capital spending combined to leave a $589.00K cash deficit after capital spending. The free-cash-flow deficit equaled 0.1% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 0.2%.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Oct 21, 2026.