Tilray Brands, Inc.
Financial highlights
| Metric | FY 05/31/25 | FY 05/31/24 | FY 05/31/23 | FY 05/31/22 | FY 05/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $821.3M | $788.9M | $627.1M | $628.4M | $513.1M |
| Cost of revenue | $580.7M | $565.6M | $480.2M | $511.6M | $389.9M |
| Gross profit | $240.6M | $223.4M | $147.0M | $116.8M | $123.2M |
| Research and development | $284,000 | $635,000 | $682,000 | $1.5M | $830,000 |
| Operating expenses | $2.5B | $398.1M | $1.5B | $727.2M | $255.4M |
| Operating income | -$2.3B | -$174.7M | -$1.4B | -$610.4M | -$132.2M |
| Interest expense | $41.3M | $49.3M | $46.6M | $39.7M | $30.9M |
| Pretax income | -$2.3B | -$249.0M | -$1.5B | -$440.7M | -$345.0M |
| Income tax expense | -$121.0M | -$26.6M | -$7.2M | -$6.5M | -$9.0M |
| Net income | -$2.2B | -$245.0M | -$1.5B | -$476.8M | -$367.4M |
| Balance Sheet | |||||
| Cash and equivalents | $221.7M | $228.3M | $206.6M | $415.9M | $488.5M |
| Current assets | $688.6M | $677.7M | $773.0M | $803.5M | $883.6M |
| Total assets | $2.1B | $4.2B | $4.3B | $5.4B | $6.0B |
| Current liabilities | $280.3M | $299.2M | $433.0M | $280.3M | $401.2M |
| Total liabilities | $584.8M | $778.5M | $977.3M | $1.0B | $1.6B |
| Total debt | — | $129.9M | $395.4M | $401.9M | $206.2M |
| Stockholders' equity | $1.5B | $3.4B | $3.3B | $4.4B | $4.5B |
| Cash Flow Statement | |||||
| Cash from operations | -$94.6M | -$30.9M | $7.9M | -$177.3M | -$44.7M |
| Depreciation and amortization | — | — | — | $154.6M | $67.8M |
| Stock-based compensation | $24.3M | $31.8M | $39.6M | $36.0M | $17.4M |
| Capital expenditure | $32.9M | $29.2M | $20.8M | $34.1M | $38.9M |
| Free cash flow | -$127.5M | -$60.2M | -$12.9M | -$211.3M | -$83.6M |
| Impairments | $2.1B | $0 | $934.0M | $378.2M | $0 |
Shares outstanding 116.5M · Free float 92.9%
Annual filing data through FY ended May 31, 2025; float as of July 15, 2026.