Tilray Brands, Inc.
About Tilray Brands, Inc.
Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. US exposure comes mainly from alcohol.
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Financial summary
- Revenue FY2025
- $821.3M
- Net income
- -$2.2B
- Total assets
- $2.1B
- Market cap
- $590.8M
- Gross margin
- 29.3%
- Operating margin
- -277.9%
- Net margin
- -265.6%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $821.3M
- Cost of revenue
- $580.7M
- Gross profit
- $240.6M
- Operating expenses
- $2.5B
- Operating income
- -$2.3B
- Income tax
- -$121.0M
- Net income
- -$2.2B
- EPS (basic)
- $-2.46
- EPS (diluted)
- $-2.46
Balance sheet
- Total assets
- $2.1B
- Current assets
- $688.6M
- Total liabilities
- $584.8M
- Current liabilities
- $280.3M
- Shareholders’ equity
- $1.5B
Cash flow
- Operating cash flow
- -$94.6M
- Investing cash flow
- -$46.7M
- Financing cash flow
- $133.5M
- Net cash flow
- -$6.7M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $590.8M
- EPS (diluted)
- $-2.46
- Shares outstanding
- 117.5M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Jan 23, 2015
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Reported a net loss of $2.2B in FY2025.
- Revenue grew 60% from FY2021 to FY2025.
- Gross margin of 29.3%, net margin -265.6%.
- Trading 76% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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