Tilray Brands, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $915.5M | $821.3M | $788.9M | $627.1M | $628.4M | $513.1M | $210.5M | $167.0M |
| Cost of Revenue | $655.0M | $580.7M | $565.6M | $480.2M | $511.6M | $389.9M | $185.8M | $190.5M |
| Gross Profit | $260.4M | $240.6M | $223.4M | $147.0M | $116.8M | $123.2M | $24.7M | $-23.5M |
| Gross Margin | 28.4% | 29.3% | 28.3% | 23.4% | 18.6% | 24.0% | 11.7% | -14.1% |
| Operating Expenses | ||||||||
| Research & Development | $361.0K | $284.0K | $635.0K | $682.0K | $1.5M | $830.0K | $4.4M | $9.2M |
| SG&A Expense | $203.6M | $167.3M | $167.4M | $165.2M | $162.8M | $111.6M | $85.9M | $110.9M |
| Operating Income | $-63.0M | $-2.28B | $-174.7M | $-1.37B | $-610.4M | $-132.2M | $-201.1M | $-304.1M |
| Operating Margin | -6.9% | -277.9% | -22.1% | -218.4% | -97.1% | -25.8% | -95.6% | -182.1% |
| Interest Expense | $29.9M | $41.3M | $49.3M | $46.6M | $39.7M | $30.9M | $25.6M | — |
| Pretax Income | $-88.1M | $-2.30B | $-249.0M | $-1.45B | $-440.7M | $-345.0M | $-276.7M | $-329.6M |
| Income Tax Expense | $17.1M | $-121.0M | $-26.6M | $-7.2M | $-6.5M | $-9.0M | $-5.6M | $-8.5M |
| Net Income | $-121.4M | $-2.19B | $-245.0M | $-1.45B | $-476.8M | $-367.4M | $-271.1M | $-321.2M |
| Net Margin | -13.3% | -266.3% | -31.1% | -231.6% | -75.9% | -71.6% | -128.8% | -192.3% |
| EPS (Basic) | $-1.09 | $-24.56 | $-3.30 | $-2.35 | $-0.99 | $-1.36 | $-2.15 | $-3.20 |
| EPS (Diluted) | $-1.09 | $-24.56 | $-3.30 | $-2.35 | $-0.99 | $-1.36 | $-2.15 | $-3.20 |
| Shares Outstanding (Basic) | 111.8M | 89.0M | 74.3M | 618.0M | 481.2M | 269.5M | 216.2M | 203.5M |
| Shares Outstanding (Diluted) | 111.8M | 89.0M | 74.3M | 618.0M | 481.2M | 269.5M | 216.2M | 203.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |