Tilray Brands, Inc.
Financial highlights
| Metric | FY 05/31/26 | FY 12/31/25 | FY 05/31/25 | FY 05/31/24 | FY 05/31/23 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $915.5M | — | $821.3M | $788.9M | $627.1M |
| Cost of revenue | $655.0M | — | $580.7M | $565.6M | $480.2M |
| Gross profit | $260.4M | — | $240.6M | $223.4M | $147.0M |
| Research and development | $361,000 | — | $284,000 | $635,000 | $682,000 |
| Operating expenses | $323.5M | — | $2.5B | $398.1M | $1.5B |
| Operating income | -$63.0M | — | -$2.3B | -$174.7M | -$1.4B |
| Interest expense | $29.9M | — | $41.3M | $49.3M | $46.6M |
| Pretax income | -$88.1M | — | -$2.3B | -$249.0M | -$1.5B |
| Income tax expense | $17.1M | — | -$121.0M | -$26.6M | -$7.2M |
| Net income | -$121.4M | — | -$2.2B | -$245.0M | -$1.5B |
| Balance Sheet | |||||
| Cash and equivalents | $226.0M | $221.7M | $221.7M | $228.3M | $206.6M |
| Current assets | $792.1M | $688.6M | $688.6M | $677.7M | $773.0M |
| Total assets | $2.3B | $2.1B | $2.1B | $4.2B | $4.3B |
| Current liabilities | $358.4M | $280.3M | $280.3M | $299.2M | $433.0M |
| Total liabilities | $733.1M | $584.8M | $584.8M | $778.5M | $977.3M |
| Total debt | — | — | — | $129.9M | $395.4M |
| Stockholders' equity | $1.6B | $1.5B | $1.5B | $3.4B | $3.3B |
| Cash Flow Statement | |||||
| Cash from operations | -$69.1M | — | -$94.6M | -$30.9M | $7.9M |
| Stock-based compensation | $45.9M | — | $24.3M | $31.8M | $39.6M |
| Capital expenditure | — | — | $32.9M | $29.2M | $20.8M |
| Free cash flow | — | — | -$127.5M | -$60.2M | -$12.9M |
| Impairments | $0 | — | $2.1B | $0 | $934.0M |
Shares outstanding 116.5M · Free float 92.9%
Annual filing data through FY ended May 31, 2026; float as of July 15, 2026.