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Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
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Tilray Brands (TLRY) investor relations material
Tilray Brands Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary9 Oct, 2025
Executive summary
Achieved record Q1 net revenue of $210M (or $209.5M), up 5% year-over-year, with net income of $1.5M versus a net loss of $34.7M last year, marking a return to profitability.
Adjusted EBITDA rose 9% to $10.2M, supported by organic growth and cost-saving initiatives.
Operational efficiencies and Project 420 cost optimization led to $25.1M in cumulative savings.
Strengthened balance sheet by reducing outstanding debt by $7.7M and ending the quarter with $265M in cash and $1M in digital assets.
Focused on profitability, cash flow improvements, and integrating new acquisitions.
Financial highlights
Net revenue increased 5% year-over-year to $210M (or $209.5M), a Q1 record.
Net income was $1.5M, compared to a net loss of $34.7M in the prior year.
Adjusted EBITDA rose to $10.2M from $9.3M last year.
Gross profit was $57.5M, with gross margin declining to 27% from 30% due to lower margins in beverage and cannabis.
Cash and marketable securities totaled $265M at quarter-end.
Outlook and guidance
Reaffirmed FY2026 adjusted EBITDA guidance of $62M–$72M.
Expects continued growth in international cannabis as permit backlogs clear and regulatory reforms progress in key markets.
Management confident in long-term growth, citing U.S. cannabis rescheduling and European market evolution as key opportunities.
What drove Q1 gross margin compression?
Path to FY26 Adjusted EBITDA target
Capital allocation for strategic opportunities?
Detail U.S. cannabis rescheduling pathways.
How will German distribution triple via CC Pharma?
Beverage gross margin: next steps for improvement?
US rescheduling: Tilray's specific pathways?
Project 420: Remaining steps for margin improvement?
International cannabis: Mitigating supply chain risks?
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Next Tilray Brands earnings date
Q2 20269 Jan, 2026
Next Tilray Brands earnings date
Q2 20269 Jan, 2026
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Frequently asked questions
Tilray Brands Inc. engages in the research, cultivation, production, marketing, and distribution of medical cannabis products. It offers sativa, indica, and hybrid medical marijuana grown and sold under the Tilray brand; cannabis oils; capsules; and accessories for administration of medical cannabis including oral syringes and syringe applicators. The company also provides Tetrahydrocannabinol, Cannabidiol, Sativa, Indica, Hybrid, CBD Energy Shot; Live Resin Vape Pen Cartridges; and Cannabis oil. Tilray Brands Inc. was incorporated in 2018 and is headquartered in New York, New York.
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