NASDAQ : TLRY
Tilray Brands, Inc. — Financial statements
Healthcare · Drug Manufacturers - Specialty & Generic · Canada
Last price 2.53 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 371.06M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Tilray Brands, Inc. (TLRY) reported revenue of 963.10M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 963.10M | 915.45M | 821.31M | 788.94M | 627.12M | 628.37M |
| Cost of Revenue | 680.47M | 652.86M | 579.13M | 553.36M | 475.68M | 509.34M |
| Gross Profit | 282.63M | 262.59M | 242.18M | 235.58M | 151.44M | 119.03M |
| Selling, General & Admin | 318.05M | 295.25M | 260.41M | 246.52M | 230.94M | 232.69M |
| Research & Development | 409.00K | 361.00K | 284.00K | 635.00K | 682.00K | 1.52M |
| Amortization of Goodwill & Intangibles | 22.16M | 19.59M | 88.62M | 84.75M | 93.49M | 115.19M |
| Operating Expenses | 340.62M | 315.19M | 349.31M | 331.91M | 325.11M | 349.40M |
| Operating Income | -57.99M | -52.60M | -107.13M | -96.33M | -173.66M | -230.37M |
| Interest Expense | -28.70M | -29.91M | -41.33M | -49.26M | -46.61M | -39.68M |
| Interest & Investment Income | 5.25M | 6.25M | 11.38M | 12.83M | 33.02M | 11.74M |
| Currency Exchange Gain (Loss) | -11.57M | 6.59M | 9.64M | -4.09M | -25.54M | -28.38M |
| Other Non Operating Income (Expenses) | 5.24M | -1.38M | -9.67M | -76.22M | -285.51M | 232.79M |
| EBT Excluding Unusual Items | -87.76M | -71.06M | -137.12M | -213.07M | -498.30M | -53.91M |
| Merger & Restructuring Charges | -27.50M | -21.52M | -40.43M | -43.27M | -15.34M | -33.95M |
| Impairment of Goodwill | -1.25B | -618.50M | -182.74M | |||
| Gain (Loss) on Sale of Investments | -4.60M | -4.53M | -5.55M | -217.00K | -2.19M | -6.74M |
| Asset Writedown | -847.94M | -315.50M | -195.50M | |||
| Legal Settlements | -3.68M | -3.90M | -17.35M | -8.25M | 505.00K | -16.52M |
| Other Unusual Items | -2.05M | 12.95M | -5.79M | 15.79M | -855.00K | 44.65M |
| Pretax Income | -125.59M | -88.06M | -2.30B | -249.02M | -1.45B | -440.67M |
| Income Tax Expense | 21.11M | 17.10M | -121.02M | -26.62M | -7.18M | -6.54M |
| Earnings From Continuing Operations | -146.70M | -105.16M | -2.18B | -222.40M | -1.44B | -434.13M |
| Minority Interest in Earnings | -17.51M | -16.24M | -5.38M | -22.58M | -9.66M | -42.67M |
| Net Income | -164.22M | -121.40M | -2.19B | -244.98M | -1.45B | -476.80M |
| Net Income to Common | -164.22M | -121.40M | -2.19B | -244.98M | -1.45B | -476.80M |
| Shares Outstanding (Basic) | 118.66M | 111.83M | 89.03M | 74.26M | 61.80M | 48.12M |
| Shares Outstanding (Diluted) | 118.66M | 111.83M | 89.03M | 74.26M | 61.80M | 48.12M |
| EPS (Basic) | -1.38 | -1.09 | -24.56 | -3.30 | -23.51 | -9.91 |
| EPS (Diluted) | -1.38 | -1.09 | -24.56 | -3.30 | -23.51 | -9.91 |
| Free Cash Flow | -118.82M | -102.13M | -127.52M | -60.15M | -12.89M | -211.33M |
| Free Cash Flow Per Share | -1.00 | -0.91 | -1.43 | -0.81 | -0.21 | -4.39 |
| Gross Margin | 29.35% | 28.68% | 29.49% | 29.86% | 24.15% | 18.94% |
| Operating Margin | -6.02% | -5.75% | -13.04% | -12.21% | -27.69% | -36.66% |
| Profit Margin | -17.05% | -13.26% | -266.25% | -31.05% | -231.64% | -75.88% |
| Free Cash Flow Margin | -12.34% | -11.16% | -15.53% | -7.62% | -2.06% | -33.63% |
| EBITDA | 12.69M | 15.00M | 26.36M | 30.58M | -43.52M | -75.78M |
| EBITDA Margin | 1.32% | 1.64% | 3.21% | 3.88% | -6.94% | -12.06% |
| D&A For EBITDA | 70.68M | 67.60M | 133.49M | 126.91M | 130.15M | 154.59M |
| EBIT | -57.99M | -52.60M | -107.13M | -96.33M | -173.66M | -230.37M |
| EBIT Margin | -6.02% | -5.75% | -13.04% | -12.21% | -27.69% | -36.66% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 214.96M | 225.98M | 221.67M | 228.34M | 206.63M | 415.91M |
| Short-Term Investments | 3.05M | 5.29M | 34.70M | 32.18M | 241.90M | |
| Cash & Short-Term Investments | 218.01M | 231.27M | 256.36M | 260.52M | 448.53M | 415.91M |
| Accounts Receivable | 190.62M | 189.17M | 121.49M | 101.69M | 86.23M | 95.28M |
| Receivables | 190.62M | 189.17M | 121.49M | 101.69M | 86.23M | 95.28M |
| Inventory | 328.97M | 301.19M | 270.88M | 252.09M | 200.55M | 245.53M |
| Prepaid Expenses | 64.16M | 64.69M | 34.09M | 31.33M | 37.72M | 46.79M |
| Restricted Cash | 3.38M | 3.37M | ||||
| Other Current Assets | 2.45M | 2.45M | 5.80M | 32.07M | ||
| Total Current Assets | 807.59M | 792.13M | 688.63M | 677.71M | 773.03M | 803.50M |
| Property, Plant & Equipment | 707.95M | 722.54M | 590.71M | 574.35M | 435.61M | 600.50M |
| Long-Term Investments | 6.37M | 6.55M | 10.13M | 7.86M | 12.37M | 15.00M |
| Goodwill | 752.35M | 752.35M | 752.35M | 2.01B | 2.01B | 2.64B |
| Other Intangible Assets | 42.47M | 42.78M | 21.42M | 915.47M | 973.78M | 1.28B |
| Other Long-Term Assets | 11.23M | 11.65M | 11.08M | 5.39M | 222.00K | 314.00K |
| Total Assets | 2.33B | 2.33B | 2.07B | 4.22B | 4.31B | 5.45B |
| Accounts Payable | 133.60M | 114.54M | 107.35M | 105.39M | 70.82M | 68.60M |
| Accrued Expenses | 174.28M | 178.95M | 115.48M | 108.09M | 79.93M | 82.68M |
| Short-Term Debt | 8.69M | 8.78M | 7.18M | 18.03M | 23.38M | 18.12M |
| Current Portion of Long-Term Debt | 74.68M | 18.16M | 14.77M | 15.84M | 198.46M | 67.82M |
| Current Portion of Leases | 11.90M | 13.36M | 6.94M | 5.09M | 2.42M | 6.70M |
| Current Income Taxes Payable | 15.60M | 12.67M | 58.00K | 4.09M | 14.93M | 6.15M |
| Other Current Liabilities | 11.92M | 11.93M | 28.52M | 42.63M | 43.03M | 30.26M |
| Total Current Liabilities | 430.69M | 358.38M | 280.30M | 299.17M | 432.98M | 280.34M |
| Long-Term Debt | 118.05M | 199.95M | 234.92M | 287.94M | 357.93M | 519.83M |
| Long-Term Leases | 158.61M | 158.16M | 64.92M | 60.42M | 7.94M | 11.33M |
| Long-Term Deferred Tax Liabilities | 9.75M | 12.26M | 3.75M | 130.87M | 167.36M | 196.64M |
| Other Long-Term Liabilities | 4.19M | 4.40M | 855.00K | 90.00K | 11.10M | 191.00K |
| Total Liabilities | 721.28M | 733.14M | 584.75M | 778.49M | 977.32M | 1.01B |
| Common Stock | 145.00K | 132.00K | 106.00K | 83.00K | 66.00K | 53.00K |
| Additional Paid-In Capital | 6.67B | 6.63B | 6.40B | 6.15B | 5.78B | 5.38B |
| Retained Earnings | -5.01B | -4.97B | -4.85B | -2.66B | -2.42B | -962.85M |
| Comprehensive Income & Other | -39.49M | -44.23M | -43.06M | -43.50M | -46.61M | -20.76M |
| Total Common Equity | 1.62B | 1.61B | 1.51B | 3.44B | 3.32B | 4.40B |
| Minority Interest | -16.68M | -19.46M | -21.90M | 272.00K | 14.25M | 42.56M |
| Shareholders' Equity | 1.61B | 1.59B | 1.49B | 3.44B | 3.33B | 4.44B |
| Total Liabilities & Equity | 2.33B | 2.33B | 2.07B | 4.22B | 4.31B | 5.45B |
| Total Debt | 371.93M | 398.40M | 328.74M | 387.32M | 590.13M | 623.81M |
| Net Cash (Debt) | -153.92M | -167.13M | -72.37M | -126.80M | -141.60M | -207.90M |
| Net Cash Per Share | -1.30 | -1.49 | -0.81 | -1.71 | -2.29 | -4.32 |
| Filing Date Shares Outstanding | 146.66M | 135.61M | 109.85M | 84.30M | 70.33M | 53.64M |
| Total Common Shares Outstanding | 143.81M | 131.09M | 105.87M | 83.19M | 65.67M | 53.27M |
| Working Capital | 376.90M | 433.75M | 408.32M | 378.54M | 340.05M | 523.16M |
| Book Value Per Share | 11.29 | 12.31 | 14.28 | 41.38 | 50.49 | 82.58 |
| Tangible Book Value | 828.54M | 819.20M | 737.70M | 518.55M | 333.06M | 479.62M |
| Tangible Book Value Per Share | 5.76 | 6.25 | 6.97 | 6.23 | 5.07 | 9.00 |
| Land | 59.58M | 59.76M | 44.53M | 45.58M | 30.64M | 31.88M |
| Machinery | 286.60M | 283.78M | 280.58M | 258.53M | 185.42M | 254.49M |
| Construction In Progress | 7.63M | 10.01M | 11.24M | 10.71M | 8.05M | 7.50M |
| Leasehold Improvements | 32.81M | 32.95M | 20.41M | 19.38M | 7.75M | 7.46M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -164.22M | -121.40M | -2.19B | -244.98M | -1.45B | -476.80M |
| Depreciation & Amortization | 70.68M | 67.60M | 133.49M | 126.91M | 130.15M | 154.59M |
| Other Amortization | 7.40M | 7.91M | 10.86M | 14.46M | 3.85M | 5.04M |
| Loss (Gain) From Sale of Assets | -509.00K | -509.00K | 928.00K | -4.20M | -48.00K | -682.00K |
| Asset Writedown & Restructuring Costs | 2.10B | 934.00M | 378.24M | |||
| Loss (Gain) From Sale of Investments | 4.60M | 4.53M | 5.55M | 4.86M | 2.19M | 4.91M |
| Stock-Based Compensation | 47.47M | 45.94M | 24.29M | 31.77M | 39.59M | 35.99M |
| Other Operating Activities | 35.52M | 14.13M | -116.56M | 49.15M | 336.43M | -186.79M |
| Change in Accounts Receivable | -82.16M | -66.42M | -17.80M | -6.58M | 4.17M | -5.84M |
| Change in Inventory | -29.32M | -13.44M | -13.56M | -15.58M | -12.93M | -45.75M |
| Change in Accounts Payable | 44.94M | 19.40M | -22.94M | 212.00K | 20.04M | -44.65M |
| Change in Other Net Operating Assets | -18.76M | -26.90M | -8.26M | 13.07M | 3.12M | 4.47M |
| Operating Cash Flow | -84.34M | -69.14M | -94.60M | -30.91M | 7.91M | -177.26M |
| Capital Expenditures | -34.47M | -32.99M | -32.92M | -29.25M | -20.80M | -34.06M |
| Sale of Property, Plant & Equipment | 3.31M | 3.51M | 6.82M | 8.51M | 4.30M | 12.21M |
| Cash Acquisitions | -54.42M | -53.70M | -18.11M | -60.63M | -26.72M | 326.00K |
| Investment in Securities | -3.94M | 28.38M | -2.52M | 209.72M | -241.90M | |
| Other Investing Activities | -1.00M | |||||
| Investing Cash Flow | -89.52M | -55.80M | -46.72M | 128.35M | -285.11M | -21.53M |
| Short-Term Debt Issued | 1.59M | 5.26M | 9.41M | |||
| Long-Term Debt Issued | 3.45M | 54.17M | 146.34M | |||
| Total Debt Issued | 590.00K | 1.59M | 3.45M | 54.17M | 151.60M | 9.41M |
| Short-Term Debt Repaid | -10.85M | -5.35M | ||||
| Long-Term Debt Repaid | -30.78M | -18.74M | -132.63M | -209.84M | -132.95M | |
| Total Debt Repaid | -35.51M | -30.78M | -29.59M | -137.98M | -209.84M | -132.95M |
| Net Debt Issued (Repaid) | -34.92M | -29.19M | -26.14M | -83.81M | -58.25M | -123.55M |
| Issuance of Common Stock | 161.48M | 161.64M | 161.19M | 8.62M | 129.59M | 267.91M |
| Repurchase of Common Stock | -1.19M | -8.69M | ||||
| Other Financing Activities | -1.45M | -1.45M | -1.54M | -7.48M | ||
| Financing Cash Flow | 125.11M | 130.99M | 133.51M | -75.19M | 70.16M | 128.20M |
| Foreign Exchange Rate Adjustments | 2.27M | 1.63M | 1.14M | -549.00K | -2.23M | -1.96M |
| Net Cash Flow | -46.48M | 7.68M | -6.67M | 21.71M | -209.28M | -72.56M |
| Free Cash Flow | -118.82M | -102.13M | -127.52M | -60.15M | -12.89M | -211.33M |
| Free Cash Flow Margin | -12.34% | -11.16% | -15.53% | -7.62% | -2.06% | -33.63% |
| Free Cash Flow Per Share | -1.00 | -0.91 | -1.43 | -0.81 | -0.21 | -4.39 |
| Levered Free Cash Flow | -16.63M | -25.03M | 19.07M | 11.70M | 99.24M | -163.61M |
| Unlevered Free Cash Flow | -6.09M | -14.25M | 34.03M | 28.03M | 124.52M | -143.86M |
| Change in Working Capital | -85.29M | -87.36M | -62.56M | -8.87M | 14.40M | -91.77M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 371.06M | 657.25M | 425.51M | 1.49B | 1.03B | 2.98B |
| Enterprise Value | 524.98M | 722.63M | 493.34M | 1.73B | 1.23B | 3.47B |
| Last Close Price | 2.53 | 5.51 | 4.26 | 18.00 | 16.70 | 44.90 |
| Forward PE | 34.98 | |||||
| PS Ratio | 0.39 | 0.72 | 0.52 | 1.88 | 1.65 | 4.75 |
| PB Ratio | 0.22 | 0.41 | 0.29 | 0.43 | 0.31 | 0.67 |
| P/TBV Ratio | 0.45 | 0.80 | 0.58 | 2.87 | 3.10 | 6.22 |
| P/OCF Ratio | 130.54 | |||||
| EV/Sales Ratio | 0.55 | 0.79 | 0.60 | 2.19 | 1.96 | 5.52 |
| EV/EBITDA Ratio | 41.37 | 48.18 | 18.72 | 56.45 | ||
| Debt / Equity Ratio | 0.23 | 0.25 | 0.22 | 0.11 | 0.18 | 0.14 |
| Debt / EBITDA Ratio | 19.56 | 19.94 | 11.03 | 11.01 | ||
| Net Debt / Equity Ratio | 0.10 | 0.10 | 0.05 | 0.04 | 0.04 | 0.05 |
| Net Debt / EBITDA Ratio | 12.13 | 11.14 | 2.75 | 4.15 | -3.25 | -2.74 |
| Net Debt / FCF Ratio | -1.29 | -1.64 | -0.57 | -2.11 | -10.98 | -0.98 |
| Asset Turnover | 0.44 | 0.42 | 0.26 | 0.18 | 0.13 | 0.11 |
| Inventory Turnover | 2.23 | 2.28 | 2.21 | 2.44 | 2.13 | 2.03 |
| Quick Ratio | 0.95 | 1.17 | 1.35 | 1.21 | 1.24 | 1.82 |
| Current Ratio | 1.88 | 2.21 | 2.46 | 2.27 | 1.78 | 2.87 |
| Return on Equity (ROE) | -9.38% | -6.82% | -88.44% | -6.57% | -37.14% | -9.75% |
| Return on Assets (ROA) | -1.64% | -1.49% | -2.13% | -1.41% | -2.23% | -2.51% |
| Return on Invested Capital (ROIC) | -3.29% | -3.16% | -4.17% | -2.74% | -4.28% | -4.82% |
| Return on Capital Employed (ROCE) | -3.10% | -2.70% | -6.00% | -2.50% | -4.50% | -4.50% |
| Earnings Yield | -54.71% | -18.47% | -513.91% | -16.48% | -140.75% | -15.98% |
| FCF Yield | -32.02% | -15.54% | -29.97% | -4.05% | -1.25% | -7.08% |
| Buyback Yield / Dilution | -26.70% | -25.61% | -19.89% | -20.17% | -28.42% | -78.53% |