Tilray Brands, Inc. (TLRY)

Tilray Brands Financials Overview

Financials in millions USD. Fiscal year is June - May.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Revenue Revenue Growth	915.45	915.45	821.31	788.94	627.12	628.37
Revenue Growth	11.46%	11.46%	4.10%	25.80%	-0.20%	22.47%
Gross Profit Gross Profit Growth	262.59	262.59	242.18	235.58	151.44	119.03
Operating Income Operating Income Growth	-52.6	-52.6	-107.13	-96.33	-173.67	-230.37
Net Income Net Income Growth	-121.4	-121.4	-2,187	-244.98	-1,453	-476.8
Earnings Per Share EPS Growth	-1.09	-1.09	-24.56	-3.30	-23.51	-9.91
EPS Growth	-	-	-	-	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Beverage Beverage Growth	253.98	253.98	240.6	202.09	95.09	71.49
Cannabis Cannabis Growth	268.34	268.34	249	272.8	220.43	237.52
Distribution Distribution Growth	327.24	327.24	271.23	258.74	258.77	259.75
Wellness Wellness Growth	65.89	65.89	60.49	55.31	52.83	59.61
Total Total Growth	915.45	915.45	821.31	788.94	627.12	628.37

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Cash & Investments Cash & Investments Growth	231.27	231.27	256.36	260.52	448.53	415.91
Total Debt Total Debt Growth	398.4	398.4	328.74	387.32	590.13	623.81
Net Cash (Debt) Net Cash Growth	-167.14	-167.14	-72.37	-126.8	-141.6	-207.9
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-1.49	-1.49	-0.81	-1.71	-2.29	-4.32

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Operating Cash Flow Operating Cash Flow Growth	-69.14	-69.14	-94.6	-30.91	7.91	-177.26
Capital Expenditures CapEx Growth	-32.99	-32.99	-32.92	-29.25	-20.8	-34.06
Free Cash Flow Free Cash Flow Growth	-102.13	-102.13	-127.52	-60.15	-12.89	-211.33
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Gross Margin	28.68%	28.68%	29.49%	29.86%	24.15%	18.94%
Operating Margin	-5.75%	-5.75%	-13.04%	-12.21%	-27.69%	-36.66%
Pretax Margin	-9.62%	-9.62%	-280.33%	-31.56%	-231.24%	-70.13%
Profit Margin	-13.26%	-13.26%	-266.25%	-31.05%	-231.64%	-75.88%
FCF Margin	-11.16%	-11.16%	-15.53%	-7.63%	-2.06%	-33.63%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct 8, 2026	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022
Forward PE	15.90	34.99	-	-	-	-
PS Ratio	0.56	0.72	0.52	1.88	1.65	4.75

Data Source: S&P Global Market Intelligence Last updated: Jul 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 8, 2026

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