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Tilray Brands, Inc. TLRY Operating Income

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Other financials

Income statement

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Revenue$281.7M+25.5%
Gross profit$55.0M+5.7%
Net income-$37.9M+97.0%
EPS (diluted)-$0.24+97.2%

Balance sheet

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Cash & equivalents$226.0M+1.9%
Total debt$300.7M+32.2%
Total equity$1.6B+6.8%
Total assets$2.3B+12.2%

Cash flow

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Operating cash flow-$37.3M-191%
CapEx$6.3M-34.8%
Free cash flow-$19.1M

Valuation

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Market cap$622.45M-38.4%
Enterprise value$697.19M-31.4%
P/S0.7×-0.6×

Profitability

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Gross margin30.9%+2.9pp
Operating margin-103.5%-198pp
Net margin-12%-5.9pp
FCF margin-15.5%

Returns & leverage

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Return on equity-7%-3.4pp
Debt / equity0.2×0.0×
Current ratio2.2×-0.2×

Where this comes from

Reported directly by Tilray Brands, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Tilray Brands, Inc.’s 10-Q, filed April 1, 2026.

Filed
Apr 1, 2026, 4:30 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-010907
Line itemThree months ended / February 28, 2026Three months ended / February 28, 2025Nine months ended / February 28, 2026Nine months ended / February 28, 2025
Restructuring costs4,0876,1335,92117,249
Transaction costs (income), net1,9276052,8962,563
Total operating expenses81,340811,942216,4931,011,656
Operating loss(26,386)(759,931)(46,573)(838,719)
Interest expense, net(4,965)(8,378)(17,035)(25,986)
Non-operating income (expense), net8,092(24,022)(386)(44,631)
Loss before income taxes(23,259)(792,331)(63,994)(909,336)
Income tax expense (recovery), net1,9741,2033,2354,125

Item 1. Financial Statements (Unaudited).

FAQ

What is Tilray Brands, Inc.'s operating income?
Tilray Brands, Inc. (TLRY) reported operating income of -$26.39M in Q4 2025.
How has Tilray Brands, Inc.'s operating income changed year-over-year?
Tilray Brands, Inc.'s operating income increased by 96.5% year-over-year, from -$759.93M to -$26.39M.
What is the long-term trend for Tilray Brands, Inc.'s operating income?
Over 2 years (2022 to 2024), Tilray Brands, Inc.'s operating income has grown at a -46.4% compound annual growth rate (CAGR), from -$608.72M to -$174.75M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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