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Apr 15, 2026·SEC
Material company update
Apr 15, 2026·SEC
Material company update
Apr 1, 2026·SEC
Tilray Brands, Inc.(TLRY)Earnings, Financials & Key Ratios
TLRY•NASDAQ
$5.76
$671M mkt cap·Price updated May 6, 2026
SectorHealthcareIndustrySpecialty & Generic PharmaSub-IndustryCannabis and cannabinoid product companies
AboutTilray Brands, Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business. It offers medical and adult-use cannabis products, including GMP-certified flowers, oils, vapes, edibles, and topicals; purchases and resells pharmaceutical and wellness products; and produces, markets, sells, and distributes beverage alcohol products, and hemp-based food and other wellness products. The company offers its products under the Tilray, Aphria, Broken Coast, Symbios, B!NGO, The Batch, P'tite Pof, Dubon, Good Supply, Solei, Chowie Wowie, Canaca, RIFF, SweetWater, Breckenridge Distillery, Alpine Beer Company, and Green Flash brands. It sells its products to retailers, wholesalers, patients, physicians, hospitals, pharmacies, researchers, and governments, as well as direct to consumers. The company was formerly known as Tilray, Inc. Tilray Brands, Inc. is headquartered in Leamington, Canada.Show more
- Revenue$1.13B+4.8%
- EBITDA-$2.95B-4425.0%
- Net Income-$3B-798.9%
- EPS (Diluted)-33.80-651.7%
- Gross Margin29.29%+3.5%
- EBITDA Margin-261.68%-4216.2%
- Operating Margin-277.94%-1154.8%
- Net Margin-266.25%-757.4%
- ROE-89.1%-1124.7%
- ROIC-66.18%-1736.5%
- Debt/Equity0.22+96.2%
- Interest Coverage-55.23-1457.0%
TLRY Key Insights
Tilray Brands, Inc. (TLRY) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 97 (top 3%)
- ✓Strong 5Y sales CAGR of 22.7%
- ✓Trading at only 0.3x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 19.9% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
TLRY Price & Volume
Tilray Brands, Inc. (TLRY) stock price & volume — 10-year historical chart
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TLRY Growth Metrics
Tilray Brands, Inc. (TLRY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years119.02%
5 Years22.69%
3 Years12.47%
TTM3.03%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-764.38%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-649.35%
Return on Capital
10 Years-27.93%
5 Years-26.22%
3 Years-37.88%
Last Year-78.12%
TLRY Recent Earnings
Tilray Brands, Inc. (TLRY) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 1, 2026EPS
$0.24
Est $0.14
-71.4%
Revenue
$207M
Est $201M
+2.7%
Q1 2026
Jan 8, 2026EPS
$0.41
Est $0.14
-192.9%
Revenue
$218M
Est $211M
+3.1%
Q4 2025
Oct 9, 2025EPS
$0.00
Est $0.27
+98.4%
Revenue
$288M
Est $205M
+40.7%
Q3 2025
Jul 28, 2025EPS
$0.02
Est $0.03
+166.7%
Revenue
$224M
Est $208M
+7.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 1, 2026 | $0.24vs $0.14-71.4% | $207Mvs $201M+2.7% |
| Q1 2026 | Jan 8, 2026 | $0.41vs $0.14-192.9% | $218Mvs $211M+3.1% |
| Q4 2025 | Oct 9, 2025 | $0.00vs $0.27+98.4% | $288Mvs $205M+40.7% |
| Q3 2025 | Jul 28, 2025 | $0.02vs $0.03+166.7% | $224Mvs $208M+7.7% |
Based on last 12 quarters of dataView full earnings history →
TLRY Peer Comparison
Tilray Brands, Inc. (TLRY) competitors in Cannabis and cannabinoid product companies — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CGC | 123.69M | 1.15 | -0.28 | -9.47% | -110.99% | -43.07% | 0.72 | |
 CRON | 999.77M | 2.62 | 64.4% | -4.89% | -0.86% | 0.00 | ||
 ACB | 200.75M | 3.54 | 168.77 | 27.01% | 11.24% | 7.15% | 0.17 | |
 SMG | 3.65B | 62.85 | 25.45 | -3.93% | 2.68% | |||
 IIPR | 1.65B | 57.69 | 14.68 | -13.8% | 45.58% | 6.41% | 0.21 | |
 HYFM | 5.32M | 1.14 | -0.08 | -16.02% | -44.49% | -32.29% | 0.76 | |
 LWAY | 405.93M | 26.65 | 29.94 | 13.74% | 6.52% | 17.25% | 0.00 | |
 STZ | 26.4B | 152.29 | -338.42 | 2.47% | 11.83% | 13.87% | 1.70 |
Compare TLRY vs Peers
Tilray Brands, Inc. (TLRY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TLRY Income Statement
Tilray Brands, Inc. (TLRY) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 15.17M | 28.63M | 179.3M | 405.33M | 619.67M | 792.12M | 844.72M | 1.07B | 1.13B | 1.17B |
| Revenue Growth % | 134.61% | 88.71% | 526.29% | 126.06% | 52.88% | 27.83% | 6.64% | 27.26% | 4.84% | 3.03% |
| Cost of Goods Sold | 2.33M | -3.08M | 135.79M | 309.27M | 470.9M | 644.86M | 646.77M | 770.66M | 796.88M | 840.88M |
| COGS % of Revenue | 15.37% | -10.75% | 75.73% | 76.3% | 75.99% | 81.41% | 76.57% | 71.69% | 70.71% | - |
| Gross Profit | 12.84M▲ 0% | 31.71M▲ 147.0% | 43.51M▲ 37.2% | 96.05M▲ 120.8% | 148.77M▲ 54.9% | 147.26M▼ 1.0% | 197.95M▲ 34.4% | 304.33M▲ 53.7% | 330.11M▲ 8.5% | 327.19M▲ 0% |
| Gross Margin % | 84.63% | 110.75% | 24.27% | 23.7% | 24.01% | 18.59% | 23.43% | 28.31% | 29.29% | 28.01% |
| Gross Profit Growth % | 180.15% | 146.96% | 37.22% | 120.76% | 54.88% | -1.02% | 34.43% | 53.74% | 8.47% | - |
| Operating Expenses | 13.87M | 41.35M | 182.44M | 200.06M | 308.4M | 916.72M | 2.04B | 542.43M | 3.46B | 3.43B |
| OpEx % of Revenue | 91.44% | 144.42% | 101.75% | 49.36% | 49.77% | 115.73% | 241.84% | 50.46% | 307.23% | - |
| Selling, General & Admin | 10.2M | 33.85M | 96.99M | 129.86M | 188.03M | 294.19M | 311.13M | 341.63M | 356.06M | 359.1M |
| SG&A % of Revenue | 67.23% | 118.23% | 54.09% | 32.04% | 30.34% | 37.14% | 36.83% | 31.78% | 31.59% | - |
| Research & Development | 365.21K | 380K | 1.05M | 1.92M | 1M | 1.91M | 918.63K | 865.23K | 389.7K | 334.71K |
| R&D % of Revenue | 2.41% | 1.33% | 0.59% | 0.47% | 0.16% | 0.24% | 0.11% | 0.08% | 0.03% | - |
| Other Operating Expenses | 3.31M | 7.12M | 84.4M | 68.28M | 119.36M | 620.62M | 1.73B | 199.94M | 3.11B | 2M |
| Operating Income | -1.03M▲ 0% | -9.64M▼ 832.8% | -138.93M▼ 1341.5% | -104.01M▲ 25.1% | -159.63M▼ 53.5% | -769.46M▼ 382.0% | -1.84B▼ 139.8% | -238.1M▲ 87.1% | -3.13B▼ 1215.5% | -3.11B▲ 0% |
| Operating Margin % | -6.81% | -33.66% | -77.48% | -25.66% | -25.76% | -97.14% | -218.41% | -22.15% | -277.94% | -266.02% |
| Operating Income Growth % | -23.56% | -832.77% | -1341.48% | 25.14% | -53.47% | -382.03% | -139.77% | 87.09% | -1215.53% | - |
| EBITDA | 408.26K | -4.46M | -121.72M | -68.34M | -77.7M | -574.59M | -1.67B | -65.17M | -2.95B | -2.97B |
| EBITDA Margin % | 2.69% | -15.58% | -67.89% | -16.86% | -12.54% | -72.54% | -197.65% | -6.06% | -261.68% | -254.13% |
| EBITDA Growth % | 484.51% | -1192.24% | -2629.66% | 43.86% | -13.7% | -639.45% | -190.58% | 96.1% | -4424.98% | -4539.51% |
| D&A (Non-Cash Add-back) | 1.44M | 5.18M | 17.21M | 35.67M | 81.92M | 194.88M | 175.31M | 172.93M | 183.17M | 138.89M |
| EBIT | 3.5M | 28.85M | -32.26M | -83.54M | -379.33M | -505.49M | -1.89B | -272.18M | -3.1B | -3.06B |
| Net Interest Income | 540.39K | 3.89M | 5.26M | -19.37M | -33.79M | -35.23M | -18.3M | -49.64M | -41.1M | -34.25M |
| Interest Income | 827.65K | 4.93M | 11.14M | 6.27M | 3.53M | 14.79M | 44.48M | 17.48M | 15.61M | 0 |
| Interest Expense | 287.27K | 1.05M | 5.88M | 25.64M | 37.32M | 50.02M | 62.79M | 67.13M | 56.71M | 34.25M |
| Other Income/Expense | 4.25M | 37.44M | 100.79M | -5.18M | -257.02M | 213.96M | -108.43M | -101.2M | -26.99M | -5.53M |
| Pretax Income | 3.22M▲ 0% | 27.81M▲ 764.7% | -38.14M▼ 237.2% | -109.19M▼ 186.3% | -416.65M▼ 281.6% | -555.51M▼ 33.3% | -1.95B▼ 251.6% | -339.31M▲ 82.6% | -3.16B▼ 831.1% | -3.11B▲ 0% |
| Pretax Margin % | 21.2% | 97.13% | -21.27% | -26.94% | -67.24% | -70.13% | -231.24% | -31.56% | -280.33% | -266.49% |
| Income Tax | 99.47K | 4.97M | -2.04M | -8.35M | -10.84M | -8.25M | -9.67M | -36.27M | -166.06M | -168.17M |
| Effective Tax Rate % | 3.09% | 17.87% | 5.36% | 7.65% | 2.6% | 1.48% | 0.5% | 10.69% | 5.26% | 5.4% |
| Net Income | 3.12M▲ 0% | 22.84M▲ 632.9% | -25.04M▼ 209.6% | -102.54M▼ 309.6% | -443.75M▼ 332.8% | -601.05M▼ 35.4% | -1.96B▼ 225.5% | -333.8M▲ 82.9% | -3B▼ 798.9% | -2.95B▲ 0% |
| Net Margin % | 20.54% | 79.77% | -13.96% | -25.3% | -71.61% | -75.88% | -231.64% | -31.05% | -266.25% | -252.55% |
| Net Income Growth % | 921.27% | 632.87% | -209.63% | -309.55% | -332.76% | -35.45% | -225.55% | 82.94% | -798.92% | -764.38% |
| Net Income (Continuing) | 3.12M | 22.84M | -36.09M | -100.83M | -405.82M | -547.26M | -1.94B | -303.04M | -2.99B | -2.94B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 6.24M | 53.65M | 19.2M | 370.62K | -30.05M | -46.54M |
| EPS (Diluted) | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | 0.00▲ 0% | -15.10▲ 0% | -11.30▲ 25.2% | -31.70▼ 180.5% | -4.50▲ 85.8% | -33.80▼ 651.7% | -26.73▲ 0% |
| EPS Growth % | - | - | - | - | - | 25.17% | -180.53% | 85.82% | -651.7% | -649.35% |
| EPS (Basic) | 0.00 | 0.00 | 0.00 | 0.00 | -15.10 | -11.30 | -31.70 | -4.50 | -33.80 | - |
| Diluted Shares Outstanding | 9.34M | 13.91M | 20.35M | 22.82M | 26.95M | 48.12M | 61.8M | 74.26M | 89.03M | 110.34M |
| Basic Shares Outstanding | 8.74M | 13.5M | 20.35M | 22.8M | 26.95M | 48.12M | 61.8M | 74.26M | 89.03M | 110.34M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
TLRY Balance Sheet
Tilray Brands, Inc. (TLRY) balance sheet — assets, liabilities & shareholders' equity
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 16.38M | 15.77M | 754.67M | 345.05M | 883.61M | 1.01B | 1.04B | 923.43M | 944.93M | 1.02B |
| Cash & Short-Term Investments | 10.17M | 2.95M | 704.68M | 128.94M | 488.47M | 524.29M | 604.16M | 354.98M | 351.78M | 407.29M |
| Cash Only | 10.17M | 2.95M | 663.38M | 128.94M | 488.47M | 524.29M | 278.33M | 311.13M | 304.17M | 344.64M |
| Short-Term Investments | 0 | 0 | 41.3M | 0 | 0 | 0 | 325.83M | 43.85M | 47.61M | 62.65M |
| Accounts Receivable | 571.45K | 2.69M | 23.82M | 57.33M | 105.36M | 120.11M | 116.15M | 138.57M | 166.71M | 152.37M |
| Days Sales Outstanding | 13.75 | 34.26 | 48.48 | 51.63 | 62.06 | 55.34 | 50.19 | 47.05 | 53.99 | 48.08 |
| Inventory | 5.54M | 9.43M | 22.07M | 117.04M | 256.43M | 309.51M | 270.14M | 343.49M | 371.7M | 395.62M |
| Days Inventory Outstanding | 867.74 | -1.12K | 59.32 | 138.13 | 198.76 | 175.19 | 152.45 | 162.68 | 170.25 | 166.71 |
| Other Current Assets | 95.92K | 692.84K | 4.09M | 33.96M | -15.56M | 0 | 50.81M | 86.4M | 54.74M | 63.56M |
| Total Non-Current Assets | 28.52M | 52.98M | 139.37M | 848.95M | 5.14B | 5.86B | 4.88B | 4.98B | 1.96B | 1.91B |
| Property, Plant & Equipment | 26.94M | 50.83M | 109.21M | 268.73M | 668.97M | 756.97M | 586.75M | 782.59M | 810.57M | 796.14M |
| Fixed Asset Turnover | 0.56x | 0.56x | 1.64x | 1.51x | 0.93x | 1.05x | 1.44x | 1.37x | 1.39x | 1.46x |
| Goodwill | 0 | 0 | 0 | 217.47M | 2.83B | 3.33B | 2.71B | 2.74B | 1.03B | 1.05B |
| Intangible Assets | 1.11M | 1.19M | 6.11M | 304.82M | 1.61B | 1.61B | 1.31B | 1.25B | 29.4M | 31.52M |
| Long-Term Investments | 0 | 0 | 23.02M | 47.47M | 25.79M | 159.09M | 155.94M | 54.31M | 13.9M | 61.08M |
| Other Non-Current Assets | 267.48K | 795.82K | 1.03M | 10.47M | 8.29M | 395.82K | 299.03K | 7.35M | 15.21M | 55.32M |
| Total Assets | 44.91M▲ 0% | 68.75M▲ 53.1% | 894.03M▲ 1200.5% | 1.19B▲ 33.6% | 6.03B▲ 404.6% | 6.87B▲ 14.0% | 5.92B▼ 13.8% | 5.91B▼ 0.3% | 2.9B▼ 50.8% | 2.93B▲ 0% |
| Asset Turnover | 0.34x | 0.42x | 0.20x | 0.34x | 0.10x | 0.12x | 0.14x | 0.18x | 0.39x | 0.34x |
| Asset Growth % | 61.44% | 53.08% | 1200.48% | 33.55% | 404.63% | 14.01% | -13.77% | -0.28% | -50.83% | -165.1% |
| Total Current Liabilities | 29.71M | 63.84M | 35.31M | 123.12M | 401.24M | 353.39M | 583.21M | 407.64M | 384.63M | 362.26M |
| Accounts Payable | 1.02M | 7.07M | 14.5M | 52.03M | 69.67M | 86.48M | 95.39M | 143.6M | 147.3M | 159.95M |
| Days Payables Outstanding | 160.1 | -838.42 | 38.97 | 61.4 | 54 | 48.95 | 53.83 | 68.01 | 67.47 | 65.36 |
| Short-Term Debt | 27.19M | 54.2M | 639.89K | 5.29M | 45.34M | 116.79M | 302.07M | 53.09M | 39.64M | 35.56M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 155.11M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.49M | 2.57M | 20.17M | 32.81M | -60.32M | 120.01M | 140.34M | 196.99M | 195.64M | 0 |
| Current Ratio | 0.55x | 0.25x | 21.37x | 2.80x | 2.20x | 2.87x | 1.79x | 2.27x | 2.46x | 2.46x |
| Quick Ratio | 0.36x | 0.10x | 20.75x | 1.85x | 1.56x | 1.99x | 1.32x | 1.42x | 1.49x | 1.49x |
| Cash Conversion Cycle | 721.39 | -245.76 | 68.84 | 128.35 | 206.81 | 181.58 | 148.8 | 141.72 | 156.77 | 149.42 |
| Total Non-Current Liabilities | 11.79M | 11.07M | 589.62M | 690.87M | 1.16B | 917.69M | 855.01M | 807.93M | 475.86M | 409M |
| Long-Term Debt | 11.59M | 0 | 572.32M | 580.5M | 835.11M | 655.29M | 482.13M | 392.33M | 322.36M | 314.31M |
| Capital Lease Obligations | 0 | 10.91M | 11.28M | 39.17M | 53.95M | 14.28M | 10.69M | 82.33M | 89.09M | 349.29M |
| Deferred Tax Liabilities | 201.29K | 163.99K | 6.02M | 71.09M | 265.85M | 247.88M | 347.24M | 333.15M | 63.24M | 252.78M |
| Other Non-Current Liabilities | 0 | 0 | 0 | 114.56K | 3.91M | 240.77K | 14.96M | 122.63K | 1.17M | 4.45M |
| Total Liabilities | 41.49M | 74.91M | 624.93M | 814M | 1.56B | 1.27B | 1.44B | 1.22B | 860.49M | 771.26M |
| Total Debt | 38.77M | 65.11M | 584.24M | 624.97M | 938.66M | 786.36M | 794.89M | 527.75M | 451.09M | 446.52M |
| Net Debt | 28.6M | 62.16M | -79.15M | 496.03M | 450.19M | 262.07M | 516.56M | 216.62M | 146.92M | 101.88M |
| Debt / Equity | 11.35x | - | 2.17x | 1.64x | 0.21x | 0.14x | 0.18x | 0.11x | 0.22x | 0.22x |
| Debt / EBITDA | 94.98x | - | - | - | - | - | - | - | - | -0.15x |
| Net Debt / EBITDA | 70.06x | - | - | - | - | - | - | - | - | -0.03x |
| Interest Coverage | -3.60x | -9.21x | -23.63x | -4.06x | -4.28x | -15.38x | -29.38x | -3.55x | -55.23x | -89.43x |
| Total Equity | 3.42M▲ 0% | -6.17M▼ 280.6% | 269.1M▲ 4462.7% | 380.01M▲ 41.2% | 4.47B▲ 1075.0% | 5.6B▲ 25.4% | 4.49B▼ 19.9% | 4.69B▲ 4.6% | 2.04B▼ 56.4% | 2.16B▲ 0% |
| Equity Growth % | -87.28% | -280.61% | 4462.68% | 41.22% | 1075.05% | 25.38% | -19.89% | 4.6% | -56.43% | -181.24% |
| Book Value per Share | 0.37 | -0.44 | 13.23 | 16.66 | 165.66 | 116.34 | 72.58 | 63.17 | 22.96 | 19.58 |
| Total Shareholders' Equity | 3.42M | -6.17M | 269.1M | 380.01M | 4.46B | 5.55B | 4.47B | 4.69B | 2.07B | 2.21B |
| Common Stock | 0 | 0 | 0 | 14.65K | 46K | 66.81K | 88.9K | 113.09K | 145.45K | 162.05K |
| Retained Earnings | -44.1M | -51.43M | -147.28M | -572.98M | -486.05M | -1.21B | -3.25B | -3.63B | -6.65B | -6.83B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.84M | 4.91M | 5.14M | 12.95M | 152.67M | -26.17M | -62.78M | -59.27M | -59.09M | -54.89M |
| Minority Interest | 0 | 0 | 0 | 0 | 6.24M | 53.65M | 19.2M | 370.62K | -30.05M | -46.54M |
TLRY Cash Flow Statement
Tilray Brands, Inc. (TLRY) cash flow — operating, investing & free cash flow history
| Line item | May'17 | May'18 | May'19 | May'20 | May'21 | May'22 | May'23 | May'24 | May'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -4.48M | -7.63M | -62.97M | -343.77M | -53.99M | -223.45M | 10.65M | -42.11M | -129.81M | -129.81M |
| Operating CF Margin % | -29.55% | -26.66% | -35.12% | -84.81% | -8.71% | -28.21% | 1.26% | -3.92% | -11.52% | - |
| Operating CF Growth % | -491.64% | -70.25% | -725.08% | -445.97% | 84.29% | -313.87% | 104.77% | -495.43% | -208.26% | 104.96% |
| Net Income | -10.65M | -9.93M | -92.2M | -427.83M | -443.62M | -601.05M | -1.96B | -333.8M | -3B | -2.95B |
| Depreciation & Amortization | 2.64M | 2.36M | 4.85M | 21.11M | 81.9M | 194.88M | 175.31M | 172.93M | 183.17M | 138.89M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.1M |
| Deferred Taxes | 0 | 0 | -6.11M | -11.79M | -30.03M | -34.71M | -43.04M | -52.97M | -166.06M | -164.95M |
| Other Non-Cash Items | 1.25M | -401.72K | 49M | 235.34M | 399.26M | 333.12M | 1.82B | 183.82M | 2.94B | 2.94B |
| Working Capital Changes | 2.28M | 341.97K | -18.5M | -160.61M | -61.5M | -115.68M | 19.4M | -12.09M | -85.85M | -33.8M |
| Change in Receivables | 426.9K | -2.15M | -22.34M | -26.66M | -28.39M | -7.36M | 5.61M | -8.96M | -24.43M | 5.84M |
| Change in Inventory | 936.2K | -4.19M | -12.56M | -136.73M | -42.6M | -57.67M | -17.42M | -21.23M | -18.61M | -24.07M |
| Change in Payables | 164.81K | 6.01M | 7.1M | 26.65M | 17.51M | -56.29M | 27M | 288.86K | -31.48M | 1.89M |
| Cash from Investing | -1.38M | -15.02M | -134.27M | -337.26M | 55.67M | -27.14M | -384.04M | 174.88M | -64.11M | -28.61M |
| Capital Expenditures | -1.39M | -15.05M | -74.14M | -104.72M | -46.94M | -42.94M | -28.02M | -39.85M | -45.17M | -55.76M |
| CapEx % of Revenue | 9.18% | 52.57% | 41.35% | 25.84% | 7.57% | 5.42% | 3.32% | 3.71% | 4.01% | - |
| Acquisitions | 0 | 29.24K | 970.73K | -209.55M | 88.4M | 15.8M | -30.19M | -71.01M | -15.49M | 8.75M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 8.11K | 0 | 0 | -3.58M | 14.2M | 0 | 0 | 0 | 0 | -47.88M |
| Cash from Financing | 14.75M | 15.55M | 859.09M | 152.79M | 150.09M | 161.6M | 94.5M | -102.45M | 183.2M | 142.03M |
| Debt Issued (Net) | 14.75M | 15.55M | 568.61M | 4.91M | 56.22M | -149.85M | -76.96M | -110.24M | -31.89M | -26.22M |
| Equity Issued (Net) | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 4M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -6.68M | 0 | 0 | -1.6M | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | -671.38K | -30.13M | -19.46M | -1.5M | -3.95M | -6.1M | -1.81M |
| Net Change in Cash | 10.17M▲ 0% | -6.62M▼ 165.1% | 660.22M▲ 10072.0% | -520.14M▼ 178.8% | 472.9M▲ 190.9% | -91.46M▼ 119.3% | -281.89M▼ 208.2% | 29.58M▲ 110.5% | -9.16M▼ 131.0% | 78.58M▲ 0% |
| Free Cash Flow | -5.14M▲ 0% | -21.5M▼ 318.2% | -131.31M▼ 510.7% | -442M▼ 236.6% | -100.93M▲ 77.2% | -266.39M▼ 163.9% | -17.37M▲ 93.5% | -81.96M▼ 371.9% | -174.98M▼ 113.5% | -94.48M▲ 0% |
| FCF Margin % | -33.89% | -75.1% | -73.23% | -109.05% | -16.29% | -33.63% | -2.06% | -7.62% | -15.53% | -8.09% |
| FCF Growth % | -22.64% | -318.17% | -510.71% | -236.61% | 77.17% | -163.95% | 93.48% | -371.93% | -113.48% | 25.25% |
| FCF per Share | -0.55 | -1.55 | -6.45 | -19.37 | -3.74 | -5.54 | -0.28 | -1.10 | -1.97 | -1.97 |
| FCF Conversion (FCF/Net Income) | -1.44x | -0.33x | 2.51x | 3.35x | 0.12x | 0.37x | -0.01x | 0.13x | 0.04x | 0.03x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 5.62M | 0 | 0 | 0 | 0 | 0 |
TLRY Key Ratios
Tilray Brands, Inc. (TLRY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 20.6% | - | -19.04% | -31.59% | -18.32% | -11.94% | -38.81% | -7.27% | -89.1% | -136.55% |
| Return on Invested Capital (ROIC) | -3.35% | -16.43% | -84.73% | -14.64% | -4.13% | -10.71% | -25.48% | -3.6% | -66.18% | -66.18% |
| Gross Margin | 84.63% | 110.75% | 24.27% | 23.7% | 24.01% | 18.59% | 23.43% | 28.31% | 29.29% | 28.01% |
| Net Margin | 20.54% | 79.77% | -13.96% | -25.3% | -71.61% | -75.88% | -231.64% | -31.05% | -266.25% | -252.55% |
| Debt / Equity | 11.35x | - | 2.17x | 1.64x | 0.21x | 0.14x | 0.18x | 0.11x | 0.22x | 0.22x |
| Interest Coverage | -3.60x | -9.21x | -23.63x | -4.06x | -4.28x | -15.38x | -29.38x | -3.55x | -55.23x | -89.43x |
| FCF Conversion | -1.44x | -0.33x | 2.51x | 3.35x | 0.12x | 0.37x | -0.01x | 0.13x | 0.04x | 0.03x |
| Revenue Growth | 134.61% | 88.71% | 526.29% | 126.06% | 52.88% | 27.83% | 6.64% | 27.26% | 4.84% | 3.03% |
TLRY SEC Filings & Documents
Tilray Brands, Inc. (TLRY) SEC filings — annual & quarterly reports (10-K, 10-Q)
TLRY Frequently Asked Questions
Tilray Brands, Inc. (TLRY) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Tilray Brands, Inc. (TLRY) reported $1.17B in revenue for fiscal year 2025.
Tilray Brands, Inc. (TLRY) grew revenue by 4.8% over the past year. Growth has been modest.
Tilray Brands, Inc. (TLRY) reported a net loss of $2.95B for fiscal year 2025.
Dividend & Returns
Tilray Brands, Inc. (TLRY) has a return on equity (ROE) of -89.1%. Negative ROE indicates the company is unprofitable.
Tilray Brands, Inc. (TLRY) had negative free cash flow of $94.5M in fiscal year 2025, likely due to heavy capital investments.
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Tilray Brands, Inc. (TLRY) financial analysis — history, returns, DCA and operating performance tools
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