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Stocks · Health care · Medicinal Chemicals & Botanical Products

Tilray Brands, Inc.

TLRY Clue Score53
United States Fiscal year ends May CIK 0001731348
$3.54 -1.39% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.54 −65.16% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 19 Jul 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue179.3Operating income−138.9Net income−25.0EPS, diluted−0.18Fiscal year 2019Revenue167.0 −6.9%Operating income−304.1Net income−321.2Fiscal year 2020Revenue405.3 +142.7%Operating income−104.0Net income−102.5EPS, diluted−0.47Fiscal year 2020Revenue210.5 −48.1%Operating income−201.1Net income−271.1Fiscal year 2021Revenue513.1 +143.8%Operating income−132.2Net income−367.4EPS, diluted−1.36Fiscal year 2022Revenue628.4 +22.5%Operating income−610.4Net income−476.8EPS, diluted−0.99Fiscal year 2023Revenue627.1 −0.2%Operating income−1,369.7Net income−1,452.7EPS, diluted−2.35Fiscal year 2024Revenue788.9 +25.8%Operating income−174.7Net income−245.0EPS, diluted−3.30Fiscal year 2025Revenue821.3 +4.1%Operating income−2,282.7Net income−2,186.7EPS, diluted−24.56Fiscal year 2026Revenue915.5 +11.5%Operating income−63.0Net income−121.4EPS, diluted−1.09
FY2019FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 179.3 167.0 405.3 210.5 513.1 628.4 627.1 788.9 821.3 915.5
Growth −6.9% +142.7% −48.1% +143.8% +22.5% −0.2% +25.8% +4.1% +11.5%
Operating income −138.9 −304.1 −104.0 −201.1 −132.2 −610.4 −1,369.7 −174.7 −2,282.7 −63.0
Net income −25.0 −321.2 −102.5 −271.1 −367.4 −476.8 −1,452.7 −245.0 −2,186.7 −121.4
Growth
EPS, diluted −0.18 n/a −0.47 n/a −1.36 −0.99 −2.35 −3.30 −24.56 −1.09

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin24.3%Operating margin−77.5%Net margin−14.0%Free cash flow margin−110.3%Fiscal year 2019Gross margin−14.1%Operating margin−182.1%Net margin−192.3%Free cash flow margin−198.7%Fiscal year 2020Gross margin23.7%Operating margin−25.7%Net margin−25.3%Free cash flow margin−49.2%Fiscal year 2020Gross margin11.7%Operating margin−95.6%Net margin−128.8%Free cash flow margin−82.7%Fiscal year 2021Gross margin24.0%Operating margin−25.8%Net margin−71.6%Free cash flow margin−16.3%Fiscal year 2022Gross margin18.6%Operating margin−97.1%Net margin−75.9%Free cash flow margin−33.6%Fiscal year 2023Gross margin23.4%Operating margin−218.4%Net margin−231.6%Free cash flow margin−2.1%Fiscal year 2024Gross margin28.3%Operating margin−22.1%Net margin−31.1%Free cash flow margin−7.6%Fiscal year 2025Gross margin29.3%Operating margin−277.9%Net margin−266.3%Free cash flow margin−15.5%Fiscal year 2026Gross margin28.4%Operating margin−6.9%Net margin−13.3%
FY2019FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 24.3% −14.1% 23.7% 11.7% 24.0% 18.6% 23.4% 28.3% 29.3% 28.4%
Operating margin −77.5% −182.1% −25.7% −95.6% −25.8% −97.1% −218.4% −22.1% −277.9% −6.9%
Net margin −14.0% −192.3% −25.3% −128.8% −71.6% −75.9% −231.6% −31.1% −266.3% −13.3%
Free cash flow margin −110.3% −198.7% −49.2% −82.7% −16.3% −33.6% −2.1% −7.6% −15.5% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow−42.0Capital expenditure−155.8Free cash flow−197.8Fiscal year 2019Operating cash flow−258.1Capital expenditure−73.7Free cash flow−331.8Fiscal year 2020Operating cash flow−100.6Capital expenditure−98.8Free cash flow−199.4Fiscal year 2020Operating cash flow−129.4Capital expenditure−44.6Free cash flow−174.0Fiscal year 2021Operating cash flow−44.7Capital expenditure−38.9Free cash flow−83.6Fiscal year 2022Operating cash flow−177.3Capital expenditure−34.1Free cash flow−211.3Fiscal year 2023Operating cash flow7.9Capital expenditure−20.8Free cash flow−12.9Fiscal year 2024Operating cash flow−30.9Capital expenditure−29.2Free cash flow−60.2Fiscal year 2025Operating cash flow−94.6Capital expenditure−32.9Free cash flow−127.5Fiscal year 2026Operating cash flow−69.1
FY2019FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow −42.0 −258.1 −100.6 −129.4 −44.7 −177.3 7.9 −30.9 −94.6 −69.1
Capital expenditure −155.8 −73.7 −98.8 −44.6 −38.9 −34.1 −20.8 −29.2 −32.9 n/a
Free cash flow −197.8 −331.8 −199.4 −174.0 −83.6 −211.3 −12.9 −60.2 −127.5 n/a
Growth

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Shareholders’ equity1,234.1Fiscal year 2019Cash96.8Shareholders’ equity285.3Fiscal year 2020Cash360.6Total debt100.2Net cash (debt)260.5Shareholders’ equity1,248.0Debt to equity0.08Fiscal year 2020Cash189.7Shareholders’ equity373.9Fiscal year 2021Cash488.5Total debt204.1Net cash (debt)284.4Shareholders’ equity4,459.1Debt to equity0.05Fiscal year 2022Cash415.9Total debt185.7Net cash (debt)230.2Shareholders’ equity4,398.8Debt to equity0.04Fiscal year 2023Cash206.6Shareholders’ equity3,315.7Fiscal year 2024Cash228.3Shareholders’ equity3,442.9Fiscal year 2025Cash221.7Shareholders’ equity1,511.5Fiscal year 2026Cash226.0Total debt120.4Net cash (debt)105.6Shareholders’ equity1,614.3Debt to equity0.07
FY2019FY2019FY2020FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash n/a 96.8 360.6 189.7 488.5 415.9 206.6 228.3 221.7 226.0
Total debt n/a n/a 100.2 n/a 204.1 185.7 n/a n/a n/a 120.4
Net cash (debt) n/a n/a 260.5 n/a 284.4 230.2 n/a n/a n/a 105.6
Shareholders’ equity 1,234.1 285.3 1,248.0 373.9 4,459.1 4,398.8 3,315.7 3,442.9 1,511.5 1,614.3
Debt to equity n/a n/a 0.08 n/a 0.05 0.04 n/a n/a n/a 0.07

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending May, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 May 2019 FY2019 31 Dec 2019 FY2020 31 May 2020 FY2020 31 Dec 2020 FY2021 31 May 2021 FY2022† 31 May 2022 FY2023 31 May 2023 FY2024† 31 May 2024 FY2025 31 May 2025 FY2026 31 May 2026
Operations
−3.3 −6.0 −46.2 −42.0 −258.1 −100.6 −129.4 −44.7 −177.3 7.9 −30.9 −94.6 −69.1
Growth −490.9%
2.0 1.9 3.6 17.2 15.8 35.7 18.7 67.8 154.6 n/a n/a n/a n/a
Investment
−0.5 −10.9 −50.2 −155.8 −73.7 −98.8 −44.6 −38.9 −34.1 −20.8 −29.2 −32.9 n/a
calc −3.8 −16.9 −96.4 −197.8 −331.8 −199.4 −174.0 −83.6 −211.3 −12.9 −60.2 −127.5 n/a
Growth
calc n/a n/a n/a −0.97 n/a −0.92 n/a −0.31 −0.44 −0.02 −0.81 −1.43 n/a
−1.0 −11.8 −98.6 −134.5 −253.2 −69.9 −41.7 46.1 −21.5 −285.1 128.3 −46.7 −55.8
Financing
10.9 12.2 631.0 547.2 114.7 130.6 264.8 124.3 128.2 70.2 −75.2 133.5 131.0

† The diluted share count jumps at 2022 and 2024, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.