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TLRYTilray Brands, Inc.
$4.23$460M
Overview & Tools
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TLRY logo

Tilray Brands, Inc.

TLRY
NASDAQ · Specialty & Generic Pharma
$4.23
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$473M
P/E-3.9x
52W High$23.20
Volume4.2M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q4

Persistent Cash Burn Erodes Equity Amidst Margin Compression

Tilray's investment thesis is challenged by a deteriorating operational profile, with revenue growth decelerating to -8.6% in 2026Q4 and gross margins compressing to 29.9%, indicating a loss of pricing power. The company's path to profitability remains elusive...

GrowthDecelerating
ProfitabilityStrained
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

TLRY price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/12 Beats

EPS beat 2 of last 12 quarters

02

Valuation risk

-118% Peers

P/E is 118% below peer median

03

Market leadership

RS 14 · Lag

Laggard (Underperforming 86% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 28

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TLRY-56.48%
S&P 500 (^GSPC)+13.20%
1-Year Return
TLRY-64.75%
S&P 500 (^GSPC)+15.98%
3-Year Return
TLRY-82.38%
S&P 500 (^GSPC)+82.15%
5-Year Return
TLRY-96.36%
S&P 500 (^GSPC)+76.64%

Growth & profitability

Annual revenue & EPS trend
Revenue
$915M-18.8% YoY
Net income
-$123M+95.9% YoY
Free cash flow
-$102M+41.6% YoY
Operating margin
-6.9%+271.1 pts YoY
ROIC (TTM)-2.4%
Avg ROIC 5Y-
ROE (TTM)-6.7%
Piotroski Score3 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate2/12 (17%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
-$0.43-3471.4%
vs -$0.01
$282M+14.4%
vs $246M
Q2 2026
Apr 1, 2026
-$0.24-71.4%
vs -$0.14
$207M+2.7%
vs $201M
Q1 2026
Jan 8, 2026
-$0.41-192.9%
vs -$0.14
$218M+3.1%
vs $211M
Q4 2025
Oct 9, 2025
-$0.00+98.9%
vs -$0.27
$210M+2.4%
vs $205M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 16, 2026
Shock Top and Spirit Halloween Brew Up a Scary Good Collaboration

PORTLAND, Ore., Sept. 16, 2026 (GLOBE NEWSWIRE) -- Shock Top , the shockingly refreshing craft beer brand by Tilray Brands, Inc. (NASDAQ: TLRY; TSX: TLRY), known for its bold flavors and unfiltered wheat ales, has teamed up with Spirit , North America's premier Halloween retailer, for a limited-edition collaboration that's spilling two must-have treats for spooky season: the all-new Shock Top Candy Corn Wheat Ale and a Wedgehead Costume, exclusively at Spirit Halloween.

Invezz·Sep 15, 2026
Tilray stock has slumped 55% this year: is it a golden opportunity to buy?

Tilray Brands stock has remained under pressure and is underperforming the market this year. TLRY was trading at $4.15 after falling by 55% since January and by 62% in the last 12 months.

Fool - Investing News·Sep 15, 2026
Tilray Brands Has Lost More Than Half of Its Value in 2026, but Here's the Bullish Case for Taking a Chance on This Highly Risky Stock

The cannabis stock has moved quickly in the past when there's been talk of marijuana reform.

GlobeNewsWire·Sep 15, 2026
Art Meets Whiskey: Breckenridge Distillery Debuts Limited-Edition Collectors Series Release with Pat Milbery

BRECKENRIDGE, Colo., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Breckenridge Distillery, one of the most-awarded craft distilleries in the U.S. and part of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), is turning whiskey into a canvas with the sixth edition of its acclaimed Collectors Art Series.

Filtered for Tilray Brands, Inc.More Headlines
04

Compare before deciding

Benchmark TLRY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Tilray Brands, Inc. (TLRY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TLRY logoTLRYTilray Brands, Inc.Current
$4.23$473.05M-3.88-18.77%-13.39%-6.74%—
CGC logoCGCCanopy Growth Corporation
$0.97$408.41M-1.545.8%-80.67%-32.79%—
CRON logoCRONCronos Group Inc.
$3.43$1.28B-136.6526.81%28.74%6.18%—
ACB logoACBAurora Cannabis Inc.
$4.27$264.49M-2.80-6.61%-38.15%-20.36%—
SMG logoSMGThe Scotts Miracle-Gro Company
$52.68$3.07B21.33-3.93%2.19%——
IIPR logoIIPRInnovative Industrial Properties, Inc.
$56.74$1.65B14.44-13.8%52.27%7.39%—

Compare TLRY vs Peers

Tilray Brands, Inc. (TLRY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CGC

Most directly comparable listed peer for TLRY.

Scale Benchmark

vs BUD

Larger-name benchmark to compare TLRY against a more recognizable public peer.

Peer Set

Compare Top 5

vs CGC, CRON, ACB, SMG

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

TLRY SEC Filings & Documents

Tilray Brands, Inc. (TLRY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 28, 2026·SEC

Material company update

Jun 30, 2026·SEC

Material company update

Jun 9, 2026·SEC

10-K Annual Reports

3
FY 2026

Jul 28, 2026·SEC

FY 2025

Jul 29, 2025·SEC

FY 2024

Jul 30, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 1, 2026·SEC

FY 2026

Jan 8, 2026·SEC

FY 2025

Oct 9, 2025·SEC

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TLRY Frequently Asked Questions

Tilray Brands, Inc. (TLRY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Tilray Brands, Inc.'s revenue?

Tilray Brands, Inc. (TLRY) reported $1.16B in revenue for fiscal year 2026.

How fast is Tilray Brands, Inc. growing?

Tilray Brands, Inc. (TLRY) saw revenue decline by 18.8% over the past year.

Is TLRY profitable?

Tilray Brands, Inc. (TLRY) reported a net loss of $149.1M for fiscal year 2026.

Dividend & Returns
What is TLRY's return on equity?

Tilray Brands, Inc. (TLRY) has a return on equity (ROE) of -6.7%. Negative ROE indicates the company is unprofitable.

What is Tilray Brands, Inc.'s free cash flow?

Tilray Brands, Inc. (TLRY) had negative free cash flow of $114.1M in fiscal year 2026, likely due to heavy capital investments.

What if you invested $1,000 in TLRY back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →