Tilray Brands, Inc. (TLRY) Revenue History
Annual and quarterly revenue from 2012 to 2025
Compound Annual Growth Rate (CAGR)
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TLRY Revenue Growth
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)
As of May 8, 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.
Looking at the longer-term picture, TLRY's 5-year compound annual growth rate (CAGR) stands at +22.7%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $1.13 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows TLRY's business is primarily driven by Cannabis Segment (36%), Distribution Revenue (30%), and Beverage Alcohol Business (28%).
When compared to Healthcare sector peers including CGC (+6.3% YoY), CRON (+64.4% YoY), and ACB (+12.8% YoY), TLRY has underperformed the peer group in terms of 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 | $269M | +6.3% | -7.6% | -43.5% | |
 CRON | $193M | +64.4% | +32.9% | -1.5% | |
 ACB | $343M | +12.8% | +5.0% | 1.4% | |
 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% |
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Start ComparisonTLRY — 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 slowed to +3.0%, below the 5-year CAGR of +22.7%. TTM revenue is $1.2B. The deceleration marks a shift from historical growth rates.
What is TLRY's long-term revenue growth rate?
Tilray Brands, Inc.'s 5-year revenue CAGR of +22.7% reflects the variable expansion pattern. Current YoY growth of +3.0% is near this long-term average.
How is TLRY's revenue distributed by segment?
TLRY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2012-2025 are available for download. Segment mix reveals concentration and diversification trends.