What is Tilray Brands, Inc.'s beverage — goodwill impairment?

Tilray Brands, Inc. (TLRY) reported beverage — goodwill impairment of $100M in Q4 2025.

What does beverage — goodwill impairment mean?

This represents the non-cash charge recognized when the carrying value of goodwill allocated to the beverage business segment exceeds its implied fair value. It serves as an indicator that the expected future economic benefits from acquisitions within the beverage portfolio have declined. Investors monitor this to assess the success of past M&A activity and the current valuation of the segment's intangible assets.

Tilray Brands, Inc. TLRY Beverage — Goodwill Impairment

Other segment segments

Cannabis

$570M0.0%

Wellness Business

$25M0.0%

Distribution Business

$4.24M0.0%

Similar metrics at other companies

WESTBeverage Solutions Segments — Goodwill Impairment

$0—

WESTBeverage Solutions — Goodwill Impaired Accumulated Impairment Loss

$76.88M0.0%

WESTBeverage Solutions — Goodwill

$116.11M0.0%

WESTBeverage Solutions Segments — Goodwill Impairment Analysis Percent Increase In Weighted Average Cost Of Capital

1%—

WESTBeverage Solutions Segments — Goodwill Impairment Analysis Percentage That Fair Value Exceeds Carrying Value After Input Adjustments

40%—

WESTBeverage Solutions — Goodwill Gross

$192.99M0.0%

Other financials

Income statement

See full

Revenue$206.7M+11.3%

Gross profit$55.0M+5.7%

Operating income-$26.4M+96.5%

Net income-$26.6M+96.6%

EPS (diluted)-$0.24+97.2%

Balance sheet

See full

Cash & equivalents$204.6M+2.3%

Total debt$211.4M-6.9%

Total equity$1.6B-42.9%

Total assets$2.1B-39.0%

Cash flow

See full

Operating cash flow-$21.9M-281%

CapEx$6.3M-34.8%

Free cash flow-$19.1M—

Valuation

See full

Market cap$538.85M+47.3%

Enterprise value$545.59M+46.8%

P/S0.6×+0.2×

Profitability

See full

Gross margin30.9%+2.9pp

Operating margin-103.5%-198pp

Net margin-156.1%+89.5pp

FCF margin-15.5%—

Returns & leverage

See full

Return on equity-62.5%-1,636pp

Debt / equity0.1×+0.1×

Current ratio2.8×+0.2×

Where this comes from

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

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Tilray Brands, Inc.’s 10-Q, filed April 1, 2026, on SEC EDGAR. View the filing →

Ask your AI about Tilray Brands, Inc.'s beverage — goodwill impairment.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Tilray Brands, Inc.'s beverage — goodwill impairment?: Tilray Brands, Inc. (TLRY) reported beverage — goodwill impairment of $100M in Q4 2025.
What does beverage — goodwill impairment mean?: This represents the non-cash charge recognized when the carrying value of goodwill allocated to the beverage business segment exceeds its implied fair value. It serves as an indicator that the expected future economic benefits from acquisitions within the beverage portfolio have declined. Investors monitor this to assess the success of past M&A activity and the current valuation of the segment's intangible assets.