Tilray Brands, Inc. (TLRY) Revenue History
Annual and quarterly revenue from 2012 to present
TLRY Revenue Over Time (2012–2025)
TLRY Revenue Growth History
10 of 10 years with positive growth- FY2012 revenue growth
- N/A
- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +1357.4%
- FY2017 revenue growth
- +134.6%
- FY2018 revenue growth
- +88.7%
- FY2019 revenue growth
- +526.3%
- FY2020 revenue growth
- +126.1%
- FY2021 revenue growth
- +52.9%
- FY2022 revenue growth
- +27.8%
- FY2023 revenue growth
- +6.6%
- FY2024 revenue growth
- +27.3%
- FY2025 revenue growth
- +4.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $303.9M | +3.0% |
| Q1 2026 | $287.8M | +6.6% |
| Q4 2025 | $308.1M | -1.6% |
| Q3 2025 | $268.3M | +5.0% |
| Q2 2025 | $295.1M | +12.5% |
| Q1 2025 | $269.8M | +12.6% |
| Q4 2024 | $313.2M | +26.3% |
| Q3 2024 | $255.6M | +29.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
TLRY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
TLRY Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 22, 2026, Tilray Brands, Inc. (TLRY) generated trailing twelve-month (TTM) revenue of $1.17 billion, reflecting modest growth of +3.0% year-over-year. The most recent quarter (Q2 2026) recorded $303.9 million in revenue, up 5.6% sequentially.
Historical Growth Trajectory
TLRY's 5-year compound annual growth rate (CAGR) stands at +22.7%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +12.5% is below the 5-year average, signalling a growth deceleration in recent years. Tilray Brands, Inc.'s highest annual revenue of $1.13 billion was recorded in 2025, an all-time high.
Revenue by Segment
TLRY's revenue is primarily driven by Cannabis Segment (36%), Distribution Revenue (30%), and Beverage Alcohol Business (28%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Healthcare sector peers — including CGC (+16.1% YoY), CRON (+65.1% YoY), and ACB (-9.4% YoY) — TLRY has underperformed the peer group in revenue growth. Compare TLRY vs CGC →
TLRY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TLRYCurrent | $1.2B | +3.0% | +22.7% | -277.9% | |
 CGC | $285M | +16.1% | -12.2% | -56.8% | |
 CRON | $193M | +65.1% | +32.9% | -1.5% | |
 ACB | $321M | -9.4% | +5.6% | -50.8% | |
 SMG | $3.4B | -5.9% | -3.7% | 10.5% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% |
TLRY Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.13B | +4.8% | $330.1M | 29.3% | $-3,132,304,973 | -277.9% |
| 2024 | $1.07B | +27.3% | $304.3M | 28.3% | $-238,102,294 | -22.1% |
| 2023 | $844.7M | +6.6% | $198.0M | 23.4% | $-1,844,929,170 | -218.4% |
| 2022 | $792.1M | +27.8% | $147.3M | 18.6% | $-769,461,327 | -97.1% |
| 2021 | $619.7M | +52.9% | $148.8M | 24.0% | $-159,627,762 | -25.8% |
| 2020 | $405.3M | +126.1% | $96.1M | 23.7% | $-104,009,000 | -25.7% |
| 2019 | $179.3M | +526.3% | $43.5M | 24.3% | $-138,931,000 | -77.5% |
| 2018 | $28.6M | +88.7% | $31.7M | 110.8% | $-9,638,068 | -33.7% |
| 2017 | $15.2M | +134.6% | $12.8M | 84.6% | $-1,033,269 | -6.8% |
| 2016 | $6.5M | +1357.4% | $4.6M | 70.9% | $-836,229 | -12.9% |
| 2015 | $444K | - | $640K | 144.1% | $-2,732,245 | -615.8% |
| 2012 | $0 | - | $0 | - | $-98,511 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
TLRY — Frequently Asked Questions
Quick answers to the most common questions about buying TLRY stock.
Is TLRY's revenue growth accelerating or slowing?
TLRY revenue growth is slowing. TTM revenue is $1.2B, up +3.0% year-over-year — below the 5-year CAGR of +22.7%. The deceleration suggests maturing end-markets or increased competition.
What is TLRY's revenue history from 2012 to 2026?
Tilray Brands, Inc. (TLRY) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $1.2B, growing at +3.0% YoY. The 5-year CAGR is +22.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TLRY's long-term revenue growth rate (CAGR)?
Tilray Brands, Inc.'s 5-year revenue CAGR of +22.7% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +3.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TLRY.
Why does TLRY's quarterly revenue fluctuate?
TLRY quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Tilray Brands, Inc.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is TLRY's revenue distributed by segment?
TLRY reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TLRY's revenue compare to industry peers?
Tilray Brands, Inc. (TLRY) with TTM revenue of $1.2B and +3.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.