Tilray Brands financials
$3.95−1.74%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY26 May 31 | FY25 May 31 | FY24 May 31 | FY23 May 31 | FY22 May 31 | FY21 May 31 | FY20 May 31 | FY19 May 31 | FY18 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $915.5M | $821.3M | $788.9M | $627.1M | $628.4M | $513.1M | $405.3M | $179.3M | $43.1M |
| Gross profit | $260.4M | $240.6M | $223.4M | $147.0M | $116.8M | $123.2M | $96.1M | $43.5M | $14.3M |
| Gross margin | 28.4% | 29.3% | 28.3% | 23.4% | 18.6% | 24.0% | 23.7% | 24.3% | 33.1% |
| Operating income | -$63.0M | -$2.28B | -$174.7M | -$1.37B | -$610.4M | -$132.2M | -$104.0M | -$138.9M | -$57.8M |
| Net income | -$121.4M | -$2.19B | -$245.0M | -$1.45B | -$476.8M | -$367.4M | -$100.8M | -$36.1M | -$67.7M |
| Net margin | −13.3% | −266.3% | −31.1% | −231.6% | −75.9% | −71.6% | −24.9% | −20.1% | −157.0% |
| Diluted EPS | $-1.09 | $-24.56 | $-3.30 | $-23.50 | $-9.90 | $-13.60 | $-4.70 | $-1.80 | $-8.20 |
| EBITDA | $6.6M | -$1.4M | -$39.8M | -$296.8M | -$104.9M | -$61.1M | -$15.8M | -$64.5M | -$54.3M |
| Operating cash flow | -$69.1M | -$94.6M | -$30.9M | $7.9M | -$177.3M | -$44.7M | -$100.6M | -$42.0M | -$46.2M |
| Free cash flow | -$69.1M | -$94.6M | -$30.9M | -$12.9M | -$211.3M | -$83.6M | -$199.4M | — | -$96.4M |
| Diluted shares | 111.8M | 89.0M | 74.3M | 61.8M | 48.1M | 27.0M | 21.6M | 20.3M | 8.3M |
Balance sheet
| Period end | May 31 | May 31 | May 31 | May 31 | May 31 | May 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $226.0M | $221.7M | $228.3M | $206.6M | $415.9M | $488.5M |
| Short-term investments | $5.3M | $34.7M | $32.2M | $241.9M | $0.00 | — |
| Total debt | $147.4M | $256.9M | $321.8M | $579.8M | $605.8M | $880.4M |
| Total assets | $2.33B | $2.07B | $4.22B | $4.31B | $5.45B | $6.03B |
| Total liabilities | $733.1M | $584.8M | $778.5M | $977.3M | $1.01B | $1.56B |
| Shareholders' equity | $1.59B | $1.49B | $3.44B | $3.33B | $4.44B | $4.47B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology