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Tilray Brands, Inc. TLRY Cannabis — Gross Profit

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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:GrossProfit.

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 — gross profit?
Tilray Brands, Inc. (TLRY) reported cannabis — gross profit of $25.97M in Q4 2025.
How has Tilray Brands, Inc.'s cannabis — gross profit changed year-over-year?
Tilray Brands, Inc.'s cannabis — gross profit increased by 18.1% year-over-year, from $22M to $25.97M.
What is the long-term trend for Tilray Brands, Inc.'s cannabis — gross profit?
Over 3 years (2021 to 2025), Tilray Brands, Inc.'s cannabis — gross profit has grown at a 11.8% compound annual growth rate (CAGR), from $70.88M to $99M.
What does cannabis — gross profit mean?
Calculated as net revenue from cannabis sales minus the cost of goods and services sold. This metric measures the fundamental profitability of the cannabis segment's production and sales activities. A higher gross profit indicates better pricing power or superior cost management in the cultivation and distribution process.