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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.
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.
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