Welcome to our dedicated page for Tillys SEC filings (Ticker: TLYS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Tilly’s, Inc. (NYSE: TLYS) SEC filings page on Stock Titan brings together the company’s key regulatory disclosures, with AI-powered tools to help interpret them. Tillys is a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men, young women, boys, and girls, and its filings provide detailed insight into how this youth-focused retail business operates.
Tillys regularly files Current Reports on Form 8-K to furnish earnings press releases under Item 2.02, "Results of Operations and Financial Condition." These filings attach the full text of the company’s quarterly and annual earnings releases, which include net sales, comparable net sales, gross profit, SG&A expenses, operating income or loss, income tax expense or benefit, and net income or loss. They also break out the performance of physical stores and e-commerce, discuss inventory levels and liquidity, and present management’s outlook for upcoming periods.
The company also uses Form 8-K under Item 5.02 to report leadership and governance changes. For example, an 8-K describes the appointment of Nathan (Nate) Smith as President and Chief Executive Officer and as a director, effective August 18, 2025, and outlines the key terms of his employment offer letter, including base salary, bonus opportunities, equity awards, relocation support, and severance provisions. These disclosures provide transparency into executive compensation and board-level decisions.
On Stock Titan, AI-generated summaries highlight the most important points from Tillys’ filings, helping users quickly understand the implications of lengthy documents. Real-time updates from EDGAR ensure that new 8-Ks and other filings are available as soon as they are posted. Users can review earnings-related disclosures, leadership changes, and other material events without reading every line of the underlying documents.
For investors and researchers following TLYS, this filings page offers a structured view of how Tillys reports its financial condition, operational performance, and corporate governance actions through the SEC reporting framework, supported by AI tools that clarify complex sections and surface key themes.
TILLY'S, INC. reported that CFO Henry Michael received a grant of stock options covering 40,000 shares of Class A Common Stock. The options have an exercise price of $4.20 per share and expire on April 1, 2036. They vest in four equal annual installments on each anniversary of the April 1, 2026 grant date, contingent on his continued employment or service.
TILLY'S, INC. officer Michael Joseph Cingolani received a grant of stock options covering 40,000 shares of Class A Common Stock. The options have an exercise price of $4.20 per share and expire on April 1, 2036.
The options were awarded as compensation and are not an open-market purchase. According to the terms, they vest in four equal annual installments on each anniversary of the April 1, 2026 grant date, as long as he continues employment or service with the company through each vesting date. Following this grant, he holds 40,000 stock options directly.
TILLY'S, INC. director and officer Hezy Shaked received a grant of stock options covering 40,000 shares of Class A Common Stock. The options have an exercise price of $4.20 per share and expire on April 1, 2036.
The award vests in four equal annual installments on each of the next four anniversaries of the April 1, 2026 grant date, conditioned on his continued employment or service with the company. Following this grant, Shaked holds 40,000 stock options directly.
Shay Capital LLC, a 10% owner of TILLY'S, INC., reported an open-market sale of 20,000 shares of Common Stock on March 20, 2026 at a price of $3.7037 per share.
After this transaction, Shay Capital LLC directly holds 2,315,000 Tilly's shares, indicating a small reduction in its overall position.
Tilly's, Inc. Schedule 13G shows that BML Investment Partners, L.P. and Braden M. Leonard report beneficial ownership of 2,189,186 shares of Class A common stock, representing 9.4% of the class.
The filing states 100,000 shares are held with sole voting and dispositive power and 2,089,186 shares are held with shared voting and dispositive power. The filing is signed by Braden M. Leonard with a signature date of 03/19/2026.
Shay Capital LLC, a 10% owner of TILLY'S, INC., sold 1,025,000 shares of Common Stock in an open-market transaction. The sale occurred at an average price of $2.5522 per share. After this transaction, Shay Capital LLC directly holds 2,335,000 shares, indicating it remains a significant shareholder despite the sizable sale.
Tillys, Inc. returned to profitability in the fiscal 2025 fourth quarter, with net sales of $155.1 million, up 5.3%, and comparable net sales up 10.1%. Gross margin expanded to 33.2% of sales from 26.0%, driving net income of $2.9 million, or $0.10 per diluted share, versus a loss last year.
For fiscal 2025, net sales were $553.6 million, down 2.8%, but the net loss improved to $17.5 million from $46.2 million. Liquidity totaled $87.8 million, including $46.3 million of cash. First-quarter fiscal 2026 guidance calls for $119–$125 million of net sales, 16%–22% higher comparable net sales, and a narrower net loss of $10.1–$8.0 million.
The company highlighted a strong start to fiscal 2026, including February comparable net sales growth of 20.1%, and promoted Michael J. Cingolani to Executive Vice President, Chief Merchandising Officer with a $500,000 base salary and performance-based bonus opportunity.
TILLY'S, INC. director and officer Nathan Michael Smith reported a restructuring of his stock option awards. On February 26, 2026, previously granted options covering 900,000 shares were canceled by mutual agreement with the company for no consideration. On the same date, he received new stock option grants covering 900,000 shares each.
One new award vests over four years, with 25% vesting on September 8, 2026 and monthly vesting of 18,750 options through September 8, 2029, subject to continued employment. Another award is performance-based, with options potentially earned over a performance period through the option’s 10‑year life ending on September 8, 2035, up to a maximum of 900,000 shares based on stock price performance and service through August 18, 2026.
Tilly’s, Inc. reported changes to its long‑term incentive program and chief executive compensation structure. The board approved an amendment to the Third Amended and Restated 2012 Equity and Incentive Award Plan, raising the maximum number of Class A common shares that any one person can receive in awards in a calendar year to 2,500,000 shares.
On the same date, the company and President and CEO Nathan Smith agreed to cancel his previously granted time‑based option for 900,000 shares and performance‑based option for 900,000 shares. Immediately afterward, the compensation committee granted him new options in the same amounts, on the same terms, under the amended 2012 plan.
Tilly’s, Inc. reports another quarterly loss but with improved results versus last year. For the thirteen weeks ended November 1, 2025, net sales were $139.6M compared with $143.4M a year ago, while net loss narrowed sharply to $1.4M from $12.9M. Year-to-date net sales were $398.5M versus $422.2M, and the net loss improved to $20.4M from $32.6M.
Gross profit rose to $42.6M for the quarter from $37.2M, driven by lower product and occupancy costs, and operating loss shrank to $1.9M from $14.1M. Cash and cash equivalents increased to $39.0M as of November 1, 2025, up from $21.1M at the prior year-end, helped by positive investing cash flows and much lower operating cash use. Total stockholders’ equity declined to $81.6M from $114.3M a year earlier as cumulative losses continued.
The company operated 230 stores in 33 states, down from 246 a year ago, and expects to close a total of 21 stores in fiscal 2025. Management highlights ongoing headwinds from inflation, higher labor and operating costs, and cautious consumer spending, and it expects the annual effective tax rate to remain near zero due to a full valuation allowance on deferred tax assets.