12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $821M | -$2.2B | 29.3% | -277.9% | -$128M | — | $222M |
| 2024 | $789M | -$245M | 28.3% | -22.1% | -$60M | — | $228M |
| 2023 | $627M | -$1.5B | 23.4% | -218.4% | -$13M | — | $207M |
| 2022 | $628M | -$477M | 18.6% | -97.1% | -$211M | $204M | $416M |
| 2021 | $513M | -$367M | 24.0% | -25.8% | -$84M | $213M | $488M |
| 2020 | — | -$271M | — | — | — | — | $190M |
| 2020 | $405M | -$103M | 23.7% | -25.7% | -$199M | $94M | $361M |
| 2019 | — | -$321M | — | — | — | — | $97M |
| 2019 | $179M | -$25M | 24.3% | -77.5% | -$198M | — | — |
| 2018 | — | -$68M | — | — | — | — | $487M |
| 2017 | — | -$8M | — | — | — | $9M | $2M |
| 2016 | — | -$8M | — | — | — | — | $8M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Feb '26 | $207M | -$27M | 26.6% | -12.8% | — | — | $205M |
| Nov '25 | $218M | -$45M | 26.4% | -10.2% | — | — | $247M |
| Aug '25 | $210M | -$322000 | 27.4% | 1.0% | — | — | $265M |
| May '25 | $225M | -$1.3B | 30.1% | -643.1% | -$19M | — | $222M |
| Feb '25 | $186M | -$789M | 28.0% | -409.0% | -$20M | — | — |
| Nov '24 | $211M | -$85M | 29.0% | -20.0% | -$46M | — | $190M |
| Aug '24 | $200M | -$39M | 29.8% | -18.3% | -$42M | — | $205M |
| May '24 | $230M | -$32M | 35.8% | -7.2% | $21M | — | $228M |
| Feb '24 | $188M | -$93M | 26.2% | -43.6% | -$25M | — | $146M |
| Nov '23 | $194M | -$49M | 24.5% | -21.6% | -$36M | — | $143M |
| Aug '23 | $177M | -$72M | 25.0% | -19.4% | -$20M | — | $178M |
| May '23 | $184M | -$139M | 36.5% | -48.9% | $31M | — | $207M |
| Feb '23 | $146M | -$1.2B | -8.0% | -828.9% | -$19M | — | $165M |
| Nov '22 | $144M | -$69M | 29.8% | -35.9% | $25M | — | $190M |
| Aug '22 | $153M | -$73M | 31.7% | -13.8% | -$49M | — | $491M |
| May '22 | $153M | -$478M | -4.4% | -304.9% | -$26M | $204M | $416M |
| Feb '22 | $152M | $43M | 26.2% | -11.9% | -$51M | $209M | $279M |
| Nov '21 | $155M | -$201000 | 21.1% | -35.8% | -$25M | $192M | $332M |
| Aug '21 | $168M | -$42M | 30.3% | -40.8% | -$110M | $205M | $376M |
| May '21 | $142M | $40M | 15.8% | -51.8% | $3M | $213M | $488M |
How the market has priced TLRY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Tilray Brands's revenue has grown 15.2% per year. These are computed facts, not advice.
As of FY2025, Tilray Brands reported — of total debt against $222M of cash; operating income covered interest expense -55.2×.
In FY2025, gross margin was 29.3%, operating margin -277.9%, and net margin -266.3%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.