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Tilray Brands, Inc. TLRY Cannabis — Cost of Goods Sold

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Other financials

Income statement

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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

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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

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Operating cash flow-$21.9M-281%
CapEx$6.3M-34.8%
Free cash flow-$19.1M

Valuation

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Market cap$538.85M+47.3%
Enterprise value$545.59M+46.8%
P/S0.6×+0.2×

Profitability

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Gross margin30.9%+2.9pp
Operating margin-103.5%-198pp
Net margin-156.1%+89.5pp
FCF margin-15.5%

Returns & leverage

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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:CostOfGoodsAndServicesSold.

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

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Questions, answered.

What is Tilray Brands, Inc.'s cannabis — cost of goods sold?
Tilray Brands, Inc. (TLRY) reported cannabis — cost of goods sold of $38.86M in Q4 2025.
How has Tilray Brands, Inc.'s cannabis — cost of goods sold changed year-over-year?
Tilray Brands, Inc.'s cannabis — cost of goods sold increased by 20.4% year-over-year, from $32.28M to $38.86M.
What is the long-term trend for Tilray Brands, Inc.'s cannabis — cost of goods sold?
Over 4 years (2021 to 2025), Tilray Brands, Inc.'s cannabis — cost of goods sold has grown at a 3.5% compound annual growth rate (CAGR), from $130.51M to $150.01M.
What does cannabis — cost of goods sold mean?
Includes the direct costs attributable to the production and distribution of cannabis products, such as raw materials, labor, and cultivation overhead. This metric is essential for calculating the segment's gross margin and assessing operational efficiency in manufacturing. It reflects the direct expense required to generate the segment's net revenue.