Revenue
257 million USD
2026-08-31 · USD
Exact inputs and evidence
- Revenue: 257147000 USD Source
Fundies. English
Tilray Brands, Inc.
EDGARAnnual consolidated revenue for 2026: about USD 915.5M, using the latest reported figures. The previous period, 2025, was about USD 821.3M.
Latest quarter
- Cash and cash equivalents
- 215 million USD Source
Exact value
214960000 USD
- Long-term debt including current maturities
- 186 million USD Source
Exact value
185702000 USD
- Shares outstanding
- 145 million shares Source
Exact value
144936074 shares
Reported share-count change
-87.04% · -973 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
963 million USD
2025-09-01 – 2026-08-31
Exact inputs and evidence
Net income
-164 million USD
2025-09-01 – 2026-08-31
Exact inputs and evidence
Operating cash flow
-84.3 million USD
2025-09-01 – 2026-08-31
Exact inputs and evidence
- Operating cash flow: -9878000 USD · 2025-06-01 – 2025-11-30 Source
- Operating cash flow: -1341000 USD · 2025-06-01 – 2025-08-31 Source
- Operating cash flow: -31820000 USD · 2025-06-01 – 2026-02-28 Source
- Operating cash flow: -9878000 USD · 2025-06-01 – 2025-11-30 Source
- Operating cash flow: -69144000 USD · 2025-06-01 – 2026-05-31 Source
- Operating cash flow: -31820000 USD · 2025-06-01 – 2026-02-28 Source
- Operating cash flow: -16541000 USD · 2026-06-01 – 2026-08-31 Source
Capital expenditure
28.8 million USD
2020-04-01 – 2021-03-31
Exact inputs and evidence
- Capital expenditure: 27492000 USD · 2020-01-01 – 2020-06-30 Source
- Capital expenditure: 18290000 USD · 2020-01-01 – 2020-03-31 Source
- Capital expenditure: 39366000 USD · 2020-01-01 – 2020-09-30 Source
- Capital expenditure: 27492000 USD · 2020-01-01 – 2020-06-30 Source
- Capital expenditure: 44644000 USD · 2020-01-01 – 2020-12-31 Source
- Capital expenditure: 39366000 USD · 2020-01-01 – 2020-09-30 Source
- Capital expenditure: 2466000 USD · 2021-01-01 – 2021-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-08.
Financial data available through: 2026-05-31.
Coverage by financial measure
- Revenue: 8 of 11 periods available· newest 2026-05-31
- Operating income: 11 of 11 periods available· newest 2026-05-31
- Net income: 11 of 11 periods available· newest 2026-05-31
- Operating cash flow: 11 of 11 periods available· newest 2026-05-31
- Capital expenditure: 5 of 11 periods available· newest 2020-12-31
- Total assets: 7 of 11 periods available· newest 2026-05-31
- Total liabilities: 7 of 11 periods available· newest 2026-05-31
- Current assets: 7 of 11 periods available· newest 2026-05-31
- Current liabilities: 7 of 11 periods available· newest 2026-05-31
- Cash and cash equivalents: 7 of 11 periods available· newest 2026-05-31
- Long-term debt including current maturities: 3 of 11 periods available· newest 2022-05-31
- Shares outstanding: 6 of 11 periods available· newest 2026-05-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+11.5%Prior period
USD 821.31 million
–
Current period
USD 915.45 million
–
Exact inputs and evidence
915454000 − 821309000 = 94145000 USD
821309000 USD · 2024-06-01 – 2025-05-31
Inspect prior input Prior source915454000 USD · 2025-06-01 – 2026-05-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+USD 2.07 billionPrior period
−USD 2.19 billion
–
Current period
−USD 121.4 million
–
Exact inputs and evidence
-121397000 − -2186738000 = 2065341000 USD
-2186738000 USD · 2024-06-01 – 2025-05-31
Inspect prior input Prior source-121397000 USD · 2025-06-01 – 2026-05-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+USD 25.46 millionPrior period
−USD 94.6 million
–
Current period
−USD 69.14 million
–
Exact inputs and evidence
-69144000 − -94599000 = 25455000 USD
-94599000 USD · 2024-06-01 – 2025-05-31
Inspect prior input Prior source-69144000 USD · 2025-06-01 – 2026-05-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2026 2025-06-01 – 2026-05-31
- Revenue USD 915.45 million 100% of revenue
- Cost of revenue USD 655.01 million 72% of revenue
- Operating expenses USD 323.47 million 35% of revenue
- Operating income −USD 63.03 million −6.9% of revenue
- Tax, interest and other Derived USD 58.37 million 6.4% of revenue
- Net income −USD 121.4 million −13% of revenue
Cash
- Operating cash flow −USD 69.14 million −7.6% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2019 Operating loss: operating costs were 177% of revenue.
- 2020 Operating loss: operating costs were 126% of revenue.
- 2021 Operating loss: operating costs were 126% of revenue.
- 2022 Operating loss: operating costs were 197% of revenue.
- 2023 Operating loss: operating costs were 318% of revenue.
- 2024 Operating loss: operating costs were 122% of revenue.
- 2025 Operating loss: operating costs were 378% of revenue.
- 2026 Operating loss: operating costs were 107% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2019 2018-06-01 – 2019-05-31 | 179303000 | 318234000 Derived | -138931000 | -113894000 Derived | -25037000 | Unavailable | Source
|
| 2020 2019-06-01 – 2020-05-31 | 405326000 | 509335000 Derived | -104009000 | -1469000 Derived | -102540000 | Unavailable | Source
|
| 2021 2020-06-01 – 2021-05-31 | 513085000 | 645256000 Derived | -132171000 | 235250000 Derived | -367421000 | Unavailable | Source
|
| 2022 2021-06-01 – 2022-05-31 | 628372000 | 1238773000 Derived | -610401000 | -133600000 Derived | -476801000 | Unavailable | Source
|
| 2023 2022-06-01 – 2023-05-31 | 627124000 | 1996809000 Derived | -1369685000 | 82971000 Derived | -1452656000 | Unavailable | Source
|
| 2024 2023-06-01 – 2024-05-31 | 788942000 | 963687000 Derived | -174745000 | 70236000 Derived | -244981000 | Unavailable | Source
|
| 2025 2024-06-01 – 2025-05-31 | 821309000 | 3104014000 Derived | -2282705000 | -95967000 Derived | -2186738000 | Unavailable | Source
|
| 2026 2025-06-01 – 2026-05-31 | 915454000 | 978481000 Derived | -63027000 | 58370000 Derived | -121397000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 915.5M 2026
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2019 | Revenue | 179303000 |
|
| 2020 | Revenue | 405326000 |
|
| 2021 | Revenue | 513085000 |
|
| 2022 | Revenue | 628372000 |
|
| 2023 | Revenue | 627124000 |
|
| 2024 | Revenue | 788942000 |
|
| 2025 | Revenue | 821309000 |
|
| 2026 | Revenue | 915454000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
11.5% 2026
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2019 | Year over year | No prior comparable period |
|
| 2020 | Year over year | 126.1% |
|
| 2021 | Year over year | 26.6% |
|
| 2022 | Year over year | 22.5% |
|
| 2023 | Year over year | -0.2% |
|
| 2024 | Year over year | 25.8% |
|
| 2025 | Year over year | 4.1% |
|
| 2026 | Year over year | 11.5% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -6.9% 2026
Net margin -13.3% 2026
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2019 | Operating margin | -77.5% |
|
| 2020 | Operating margin | -25.7% |
|
| 2021 | Operating margin | -25.8% |
|
| 2022 | Operating margin | -97.1% |
|
| 2023 | Operating margin | -218.4% |
|
| 2024 | Operating margin | -22.1% |
|
| 2025 | Operating margin | -277.9% |
|
| 2026 | Operating margin | -6.9% |
|
| 2019 | Net margin | -14% |
|
| 2020 | Net margin | -25.3% |
|
| 2021 | Net margin | -71.6% |
|
| 2022 | Net margin | -75.9% |
|
| 2023 | Net margin | -231.6% |
|
| 2024 | Net margin | -31.1% |
|
| 2025 | Net margin | -266.3% |
|
| 2026 | Net margin | -13.3% |
|
| 2019 | Free cash flow margin | Not reported |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
| 2026 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD -69.1M 2026
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2019 | Operating cash flow | -42049000 |
|
| 2020 | Operating cash flow | -100627000 |
|
| 2021 | Operating cash flow | -44717000 |
|
| 2022 | Operating cash flow | -177262000 |
|
| 2023 | Operating cash flow | 7906000 |
|
| 2024 | Operating cash flow | -30905000 |
|
| 2025 | Operating cash flow | -94599000 |
|
| 2026 | Operating cash flow | -69144000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2019 | Free cash flow | Unavailable |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
| 2026 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
31.5% 2026
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2019-05-31 | Liabilities / assets | Not reported | No source recorded |
| 2020 | Liabilities / assets | 26.6% |
|
| 2021 | Liabilities / assets | 25.9% |
|
| 2022 | Liabilities / assets | 18.5% |
|
| 2023 | Liabilities / assets | 22.7% |
|
| 2024 | Liabilities / assets | 18.4% |
|
| 2025 | Liabilities / assets | 28.2% |
|
| 2026 | Liabilities / assets | 31.5% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
2.21× 2026
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2019-05-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2020 | Current assets / current liabilities | 4.85× |
|
| 2021 | Current assets / current liabilities | 2.2× |
|
| 2022 | Current assets / current liabilities | 2.87× |
|
| 2023 | Current assets / current liabilities | 1.79× |
|
| 2024 | Current assets / current liabilities | 2.27× |
|
| 2025 | Current assets / current liabilities | 2.46× |
|
| 2026 | Current assets / current liabilities | 2.21× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2019 2018-06-01 – 2019-05-31 | −USD 25.04 million Exact valueExact value: -25037000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 42.05 million Exact valueExact value: -42049000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2019 2019-01-01 – 2019-12-31 | −USD 321.17 million Exact valueExact value: -321169000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 258.07 million Exact valueExact value: -258065000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 73.74 million Exact valueExact value: 73741000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 331.81 million Calculation and evidence-258065000 − 73741000 USD Exact free cash flow: -331806000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2020 2019-06-01 – 2020-05-31 | −USD 102.54 million Exact valueExact value: -102540000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 100.63 million Exact valueExact value: -100627000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2020 2020-01-01 – 2020-12-31 | −USD 271.07 million Exact valueExact value: -271073000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 129.35 million Exact valueExact value: -129351000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 44.64 million Exact valueExact value: 44644000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 174 million Calculation and evidence-129351000 − 44644000 USD Exact free cash flow: -173995000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2021 2020-06-01 – 2021-05-31 | −USD 367.42 million Exact valueExact value: -367421000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 44.72 million Exact valueExact value: -44717000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2021-06-01 – 2022-05-31 | −USD 476.8 million Exact valueExact value: -476801000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 177.26 million Exact valueExact value: -177262000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2022-06-01 – 2023-05-31 | −USD 1.45 billion Exact valueExact value: -1452656000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 7.91 million Exact valueExact value: 7906000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2023-06-01 – 2024-05-31 | −USD 244.98 million Exact valueExact value: -244981000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 30.91 million Exact valueExact value: -30905000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2024-06-01 – 2025-05-31 | −USD 2.19 billion Exact valueExact value: -2186738000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 94.6 million Exact valueExact value: -94599000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2026 2025-06-01 – 2026-05-31 | −USD 121.4 million Exact valueExact value: -121397000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 69.14 million Exact valueExact value: -69144000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
44 filings · 3,963 latest values · 3,963 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001731348, 1731348, TLRY, edgar:1731348
Also known as TILRAY BRANDS, INC., TILRAY, INC., Tilray Brands, Inc., Tilray, Inc.