TLRY

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Tilray Brands, Inc.

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Key Metrics

Previous Close: $4.83
52-Week Range: $3.67 – $23.20
Market Cap: $642.50M
P/E (TTM): —
EPS (TTM): -1.09
Dividend Yield: —

Advanced Metrics

Price/Book: 1.55
PEG Ratio: —
Return on Equity: -6.82%
Return on Assets: -1.49%
Gross Margin: 28.68%
Operating Margin: -52.70%
Profit Margin: -13.26%
Current Ratio: 2.21
Debt/Equity: 0.64
Total Debt: $343.90M
Free Cash Flow: $-25.03M
Revenue Growth: -7.80%
Earnings Growth: —
Enterprise Value: $2.01B

TLRY Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$627.12M	$788.94M	$821.31M	$915.45M
Cost of Revenue	$480.16M	$565.59M	$580.74M	$655.01M
Gross Profit	$146.96M	$223.35M	$240.57M	$260.44M
Research & Development	$682.00K	$635.00K	$284.00K	$361.00K
Selling, General & Admin	$230.98M	$250.72M	$259.48M	$295.76M
Operating Expenses	$325.15M	$336.11M	$348.38M	$315.70M
Operating Income	-$178.19M	-$112.76M	-$107.81M	-$55.26M
EBITDA	-$1.27B	-$72.84M	-$2.13B	$9.45M
Pretax Income	-$1.45B	-$249.02M	-$2.30B	-$88.06M
Income Tax	-$7.18M	-$26.62M	-$121.02M	$17.10M
Net Income	-$1.45B	-$244.98M	-$2.19B	-$121.40M
Diluted EPS	-23.50	-3.30	-24.60	-1.09
Diluted Shares	61.40M	67.40M	89.03M	111.83M

TLRY Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$206.63M	$228.34M	$221.67M	$225.98M
Receivables	$86.23M	$101.69M	$121.49M	$189.17M
Inventory	$200.55M	$252.09M	$270.88M	$301.19M
Current Assets	$773.03M	$677.71M	$688.63M	$792.13M
Total Assets	$4.31B	$4.22B	$2.07B	$2.33B
Current Liabilities	$432.98M	$299.17M	$280.30M	$358.38M
Long-Term Debt	$357.93M	$287.94M	$234.92M	$199.95M
Total Debt	$590.13M	$387.32M	$328.74M	$398.40M
Total Liabilities	$977.32M	$778.49M	$584.75M	$733.14M
Retained Earnings	-$2.42B	-$2.66B	-$4.85B	-$4.97B
Shareholders' Equity	$3.32B	$3.44B	$1.51B	$1.61B
Working Capital	$340.05M	$378.54M	$408.32M	$433.75M
Net Debt	$373.14M	$93.46M	$35.20M	$912.00K

TLRY Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$7.91M	-$30.91M	-$94.60M	-$69.14M
Capital Expenditure	-$20.80M	-$29.25M	-$32.92M	-$32.99M
Free Cash Flow	-$12.89M	-$60.15M	-$127.52M	-$102.13M
Depreciation & Amortisation	$130.15M	$126.91M	$133.49M	$67.60M
Stock-Based Compensation	$39.59M	$31.77M	$24.29M	$45.94M
Investing Cash Flow	-$285.11M	$128.35M	-$46.72M	-$55.80M
Financing Cash Flow	$70.16M	-$75.19M	$133.51M	$130.99M
Share Repurchases	-$1.19M	$0.00	$0.00	-$159.00K
Net Change in Cash	-$207.05M	$22.26M	-$7.81M	$6.05M

TLRY Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$224.53M	$209.50M	$217.51M	$206.73M	$281.71M
Cost of Revenue	$156.90M	$152.03M	$160.01M	$151.78M	$191.19M
Gross Profit	$67.63M	$57.47M	$57.50M	$54.95M	$90.52M
Research & Development	$34.00K	$41.00K	$78.00K	$62.00K	$180.00K
Selling, General & Admin	$59.56M	$64.37M	$73.07M	$69.66M	$88.66M
Operating Expenses	$80.30M	$68.34M	$77.51M	$74.82M	$95.03M
Operating Income	-$12.66M	-$10.87M	-$20.01M	-$19.87M	-$4.51M
EBITDA	-$1.34B	$21.48M	-$18.63M	-$1.55M	$8.15M
Pretax Income	-$1.39B	-$772.00K	-$39.96M	-$23.26M	-$24.07M
Income Tax	-$125.14M	-$2.29M	$3.55M	$1.97M	$13.86M
Net Income	-$1.27B	-$322.00K	-$44.93M	-$26.57M	-$49.57M
Diluted EPS	-13.00	0.00	-0.41	-0.24	-0.43
Diluted Shares	97.80M	106.03M	110.34M	112.68M	115.51M

TLRY Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$221.67M	$264.83M	$246.70M	$204.62M	$225.98M
Receivables	$121.49M	$107.08M	$109.07M	$118.37M	$189.17M
Inventory	$270.88M	$282.79M	$283.20M	$292.30M	$301.19M
Current Assets	$688.63M	$701.14M	$729.32M	$718.76M	$792.13M
Total Assets	$2.07B	$2.08B	$2.10B	$2.07B	$2.33B
Current Liabilities	$280.30M	$267.63M	$259.31M	$257.54M	$358.38M
Long-Term Debt	$234.92M	$228.44M	$224.99M	$223.25M	$199.95M
Total Debt	$328.74M	$323.74M	$319.63M	$317.08M	$398.40M
Total Liabilities	$584.75M	$561.99M	$552.09M	$549.12M	$733.14M
Retained Earnings	-$4.85B	-$4.85B	-$4.89B	-$4.92B	-$4.97B
Shareholders' Equity	$1.51B	$1.54B	$1.58B	$1.56B	$1.61B
Working Capital	$408.32M	$433.51M	$470.00M	$461.22M	$433.75M
Net Debt	$35.20M	—	$3.75M	$44.92M	$912.00K

TLRY Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$12.81M	-$1.34M	-$8.54M	-$21.94M	-$37.32M
Capital Expenditure	-$6.33M	-$9.52M	-$9.70M	-$3.62M	-$10.15M
Free Cash Flow	-$19.14M	-$10.86M	-$18.23M	-$25.56M	-$47.47M
Depreciation & Amortisation	$34.08M	$15.56M	$15.96M	$16.74M	$19.34M
Stock-Based Compensation	$6.10M	$5.05M	$12.28M	$13.72M	$14.88M
Investing Cash Flow	$13.52M	$24.47M	-$58.01M	$28.92M	-$51.18M
Financing Cash Flow	$16.64M	$19.85M	$48.10M	-$5.13M	$68.17M
Share Repurchases	—	—	—	—	$0.00
Net Change in Cash	$17.36M	$42.97M	-$18.44M	$1.85M	-$20.33M

Market Snapshot

About

Tilray Brands, Inc. is a leading global cannabis-lifestyle and consumer packaged goods company. The company operates in multiple segments including cannabis, beverage alcohol, wellness, and distribution across North America, Europe, and Australia.