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Tilray Brands, Inc. TLRY Distribution Business — Gross Profit

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FELEDistribution — Operating Income (Loss)
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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 distribution business — gross profit?
Tilray Brands, Inc. (TLRY) reported distribution business — gross profit of $10.01M in Q4 2025.
How has Tilray Brands, Inc.'s distribution business — gross profit changed year-over-year?
Tilray Brands, Inc.'s distribution business — gross profit increased by 80.2% year-over-year, from $5.56M to $10.01M.
What is the long-term trend for Tilray Brands, Inc.'s distribution business — gross profit?
Over 3 years (2021 to 2025), Tilray Brands, Inc.'s distribution business — gross profit has grown at a -5.6% compound annual growth rate (CAGR), from $34.83M to $29.33M.
What does distribution business — gross profit mean?
The difference between the distribution segment's revenue and its direct cost of goods and services sold. This figure indicates the fundamental profitability of the distribution operations before accounting for overhead, administrative, or restructuring expenses. It serves as a key measure of the segment's pricing power and cost management efficiency.