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Tilray Brands, Inc. TLRY Cannabis — Gross Profit

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Other financials

Income statement

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Revenue$281.7M+25.5%
Gross profit$55.0M+5.7%
Operating income-$26.4M+96.5%
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:GrossProfit.

The source filing: Tilray Brands, Inc.’s 10-K, filed July 28, 2026.

Filed
Jul 28, 2026, 5:03 PM EDT
Fiscal year
FY2026
Accession
0001437749-26-024698
Line itemFor the year ended May 31, 2026For the year ended May 31, 2025For the year ended May 31, 2024
Cannabis
Net cannabis revenue268,342249,001272,798
Cannabis costs161,256150,005182,594
Cannabis gross profit107,08698,99690,204
Distribution
Distribution revenue327,244271,228258,740
Distribution costs286,589241,896230,596
Distribution gross profit40,65529,33228,144

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FAQ

What is Tilray Brands, Inc.'s cannabis — gross profit?
Tilray Brands, Inc. (TLRY) reported cannabis — gross profit of $31.71M in Q1 2026.
How has Tilray Brands, Inc.'s cannabis — gross profit changed year-over-year?
Tilray Brands, Inc.'s cannabis — gross profit increased by 7.0% year-over-year, from $29.63M to $31.71M.
What is the long-term trend for Tilray Brands, Inc.'s cannabis — gross profit?
Over 3 years (2023 to 2026), Tilray Brands, Inc.'s cannabis — gross profit has grown at a 24.9% compound annual growth rate (CAGR), from $54.92M to $107.09M.
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.

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