All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | MAY 2026 | DEC 2025 | MAY 2025 | MAY 2024 | MAY 2023 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $963 | $915 | – | $821 | $789 | $627 |
| Cost of Revenue | $683 | $655 | – | $581 | $566 | $480 |
| Gross Profit | $280 | $260 | – | $241 | $223 | $147 |
| Operating Expenses | ||||||
| Selling & Marketing | $50 | $49 | – | $56 | $37 | $35 |
| General & Administrative | $220 | $204 | – | $167 | $167 | $165 |
| Research & Development | $0 | $0 | – | $0 | $1 | $1 |
| Provision for Doubtful Accounts | – | -$1 | – | -$4 | $1 | $1 |
| Total Operating Expenses | $370 | $323 | – | $2,523 | $398 | $1,517 |
| Operating Income | -$89 | -$63 | – | -$2,283 | -$175 | -$1,370 |
| Non-Operating | ||||||
| Net Interest Expense | – | -$24 | – | -$30 | -$36 | -$14 |
| Other Non-Operating Income (Expense) | -$25 | -$1 | – | $10 | -$38 | -$67 |
| EBT (Earnings Before Tax) | -$126 | -$88 | – | -$2,302 | -$249 | -$1,450 |
| Income Tax Expense | $21 | $17 | – | -$121 | -$27 | -$7 |
| Minority Interest | $18 | $16 | – | $5 | $23 | $10 |
| Net Income | ||||||
| Net Income | -$164 | -$121 | – | -$2,187 | -$245 | -$1,453 |
| Per Share Data | ||||||
| Revenue Per Share | $7.22 | $8.19 | – | $9.22 | $10.62 | $10.15 |
| EPS (Basic) | -$1.41 | -$1.09 | – | -$24.56 | -$3.30 | -$23.50 |
| EPS (Diluted) | -$1.41 | -$1.09 | – | -$24.56 | -$3.30 | -$23.50 |
| Weighted Avg Shares (Basic) | 133.3M | 111.8M | – | 890.3M | 742.6M | 618.0M |
| Weighted Avg Shares (Diluted) | 133.3M | 111.8M | – | 890.3M | 742.6M | 618.0M |
| Shares Outstanding | 133.3M | 111.8M | 106.1M | 89.0M | 74.3M | 61.8M |
Tilray Brands (TLRY) financials: revenue, profit and margins
Tilray Brands (TLRY) generated about $963 million in revenue and -$164 million in net income (a -17.1% net margin) over the trailing twelve months, growing at roughly 12.3% a year. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
What is Tilray Brands's (TLRY) revenue?+
Tilray Brands generated about $963 million in revenue over the trailing twelve months. Revenue has grown at roughly 12.3% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is Tilray Brands profitable?+
Tilray Brands reported about -$164 million in net loss over the trailing twelve months, a net margin of roughly -17.1%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are Tilray Brands's profit margins?+
Tilray Brands runs a gross margin of about 29.1%, an operating margin of about -9.3%, a net margin of about -17.1%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is Tilray Brands growing?+
Tilray Brands's revenue has compounded at roughly 12.3% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside TLRY's margins and free cash flow. This is analysis from SEC filings, not investment advice.
SourceFinancial statements computed from the 10-Q filed 6 Oct 2026, covering the period ending 31 Aug 2026, as reported to the SEC. Data last refreshed 9 Oct 2026. How this is calculated.
Fiscal year ends May.
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Held by ETFs
TLRY is in 9 US ETFs. The largest of them, with TLRY's weight in each:
Vanguard Health Care ETFVHT0.01%of the fund
Fidelity Nasdaq Composite Index ETFONEQ0.00%of the fund
iShares U.S. Small-Cap Equity Factor ETFSMLF0.01%of the fund
Invesco RAFI Developed Markets ex-U.S. Small-Mid ETFPDN0.04%of the fund
Spot a number that looks wrong? Check it in TLRY's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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