---
title: "Tilray Brands | 8-K: FY2026 Revenue Beats Estimate at USD 915.45 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294107262.md"
datetime: "2026-07-28T20:10:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294107262.md)
  - [en](https://longbridge.com/en/news/294107262.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294107262.md)
generator: "portal-rs"
---

# Tilray Brands | 8-K: FY2026 Revenue Beats Estimate at USD 915.45 M

Revenue: As of FY2026, the actual value is USD 915.45 M, beating the estimate of USD 877.96 M.

EPS: As of FY2026, the actual value is USD -1.09.

EBIT: As of FY2026, the actual value is USD -64.4 M.

### Fiscal Year 2026 Financial Highlights

#### Overall Performance

-   Net revenue for Tilray Brands, Inc. increased 11% to $915.5 million in fiscal 2026, up from $821.3 million in the prior fiscal year.
-   Gross profit increased 8% to $260.4 million, compared to $240.6 million in fiscal 2025.
-   Gross margin for fiscal 2026 was 28%, a decrease from 29% in the prior year.
-   Adjusted gross margin remained consistent at 29% for fiscal 2026.
-   Net loss was -$105.2 million in fiscal 2026, significantly lower than the -$2,181.356 million net loss in fiscal 2025, primarily driven by non-cash charges.
-   Adjusted net income increased almost 90% to $12.2 million, compared to $6.5 million in the prior fiscal year.
-   Adjusted EBITDA was $61.1 million in fiscal 2026, an increase from $55.0 million in fiscal 2025.

#### Segment Revenue

-   **Cannabis:** Net revenue increased 8% to $268.3 million in fiscal 2026, compared to $249.0 million in the prior year, with international medical cannabis revenue specifically increasing 34% for the fiscal year.
-   **Beverage:** Net revenue increased 6% to $254.0 million in fiscal 2026, compared to $240.6 million in the prior year.
-   **Distribution:** Net revenue increased 21% to $327.2 million in fiscal 2026, compared to $271.2 million in the prior year.
-   **Wellness:** Net revenue increased 9% to $65.9 million in fiscal 2026, compared to $60.5 million in the prior year.

#### Segment Gross Profit and Margin

-   **Cannabis:** Gross profit increased 8% to $107.1 million, up from $99.0 million in fiscal 2025, with a gross margin of 40%, which was unchanged.
-   **Beverage:** Gross profit decreased 2% to $91.2 million, from $93.0 million in fiscal 2025, and the gross margin was 36%, down from 39%.
-   **Distribution:** Gross profit increased 39% to $40.7 million, from $29.3 million in fiscal 2025, with a gross margin of 12%, up from 11%.
-   **Wellness:** Gross profit increased 12% to $21.5 million, from $19.2 million in fiscal 2025, with a gross margin of 33%, up from 32%.
-   CC Pharma gross profit increased 57% in the fiscal fourth quarter.

#### Cash Flow and Balance Sheet

-   Net cash used in operating activities was -$69.144 million in fiscal 2026, an improvement from -$94.599 million in fiscal 2025.
-   Free cash flow was -$98.624 million in fiscal 2026, compared to -$120.692 million in fiscal 2025.
-   Cash flow from operations, excluding working capital, improved by 157% to approximately $18.2 million.
-   Tilray Brands, Inc. ended the fiscal year with approximately $235 million in cash, restricted cash, and marketable securities.
-   Net debt was reduced to $0.7 million.

#### Fiscal Year 2027 Guidance

Tilray Brands, Inc. expects to achieve Adjusted EBITDA of $68 million to $75 million for the fiscal year ending May 31, 2027, reflecting double-digit growth compared to fiscal year 2026. The company also anticipates achieving over $1 billion in annual revenue in Fiscal 2027.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**