Tilray Brands Reports Surprise Profit and Record Revenue in First Quarter
Oct 9, 2025
Tilray Brands reported better-than-expected results for its first quarter of fiscal year 2026, posting net income of $1.5 million and adjusted net profit of $3.9 million. This marks a turnaround from a loss of $6.1 million in the same period last year.
Net revenue for the quarter reached a record $210 million, a 5% increase from the previous year. Growth was helped by a 12% rise in Canadian adult-use cannabis sales and a 10% boost in international cannabis revenue. Operational efficiencies improved, with adjusted EBITDA rising 9% to $10 million, and the company reduced its net cash used in operations by $34 million compared to last year.
Tilray's results exceeded market expectations, causing its stock to jump as much as 15% after the announcement. The company also strengthened its balance sheet by lowering its debt.
However, some analysts noted that much of the revenue growth came from acquisitions and currency gains, rather than from expanding the core cannabis business. Tilray currently has limited exposure to the U.S. cannabis market.
Why did Tilray's stock price go up after the earnings report?
Tilray's stock rose because the company reported a profit and higher revenue than analysts expected.
What helped Tilray achieve higher revenues this quarter?
Higher sales in Canada and internationally, as well as acquisitions and favorable currency movements, supported revenue growth.
Does Tilray have significant business in the United States?
Currently, Tilray has limited exposure to the U.S. cannabis market.
Is Tilray's profit a sign of strong growth in its core cannabis business?
While profits improved, much of the revenue growth came from acquisitions and not from expanding existing cannabis sales.
Sources
Tilray Brands Reports Strong First Quarter Fiscal 2026 Results, Highlighting Con...
GlobeNewsWire
GlobeNewsWire
Operational Efficiencies and Focus on Profitability Drove Net Income of $1.5 Million, Adjusted EBITDA Increased 9% to $10 Million and Net Cash Used in Operations Improved by $34 Million Year-Over-Year
Tilray Delivers Q1 Earnings Surprise, Strengthens Balance Sheet With Lower Debt
Benzinga
Benzinga
Tilray Brands Inc. (NASDAQ:TLRY) stock is surging on Thursday after the cannabis company reported better-than-expected first-quarter 2026 earnings.
Tilray Brands stock surges as cannabis company posts Q1 profit
Proactive Investors
Proactive Investors
Tilray Inc (NASDAQ:TLRY) shares climbed 15% to US$1.98 in early trading on Thursday after the cannabis company announced that it swung to an adjusted net profit of $3.9 million for its fiscal first quarter 2025, from loss of $6.1 million during the same period last year. Its net revenue for the qua...
Why Tilray Brands Stock Glows Green Today
The Motley Fool
The Motley Fool
Tilray Brands (TLRY 25.00%) stock exploded higher after reporting a surprise profit in its fiscal Q1 earnings report Thursday.
Tilray: Another Blah Quarter
Seeking Alpha
Seeking Alpha
Tilray Brands surged after FQ1 results, but the business shows minimal growth and is no longer focused on key cannabis sales. TLRY's revenue growth was driven mainly by acquisitions and currency gains, not organic expansion, with weak margins and declining beverage sales. The stock's rally is based...
Tilray Brands, Inc. (TLRY) Q1 2026 Earnings Call Transcript
Seeking Alpha
Seeking Alpha
Tilray Brands, Inc. (NASDAQ:TLRY ) Q1 2026 Earnings Call October 9, 2025 8:30 AM EDT Company Participants Berrin Noorata - Chief Corporate Affairs Officer Irwin Simon - President, CEO & Chairman Carl Merton - CFO & Principal Accounting Officer Lloyd Brathwaite - Chief Information Officer Blair MacNe...
Tilray stock: why options data is skewed to downside despite solid Q1 earnings
Invezz
Invezz
Tilray Brands Inc (NASDAQ: TLRY) soared on market open today after coming in ahead of Street estimates for its fiscal Q1, with net income printing at $1.5 million and revenue climbing to a record $210 million. Part of the momentum this morning is related to optimism around cannabis rescheduling unde...
Tilray Reports Strong Q1-2026 Earnings As The Cannabis Sector Rallies
Seeking Alpha
Seeking Alpha
Tilray reported strong Q1-2026 results with net income and revenue growth, sparking a sector-wide rally in cannabis stocks. Tilray's performance was driven by international and Canadian cannabis sales. I continue a Hold rating due to uncertainty around cannabis rescheduling and recent price surges.
Why Tilray Brands Stock Just Stubbed Out
The Motley Fool
The Motley Fool
Tilray Brands (TLRY -15.95%), the Canadian marijuana stock, closed 22% higher yesterday after reporting a surprise profit for fiscal Q1. That's the good news.
Top 3 Canadian Cannabis Stocks to Watch in October 2025
The Canadian cannabis sector continues to attract investors as North American legalization momentum gains strength. Recently, U.S. regulators advanced discussions on cannabis rescheduling, signaling a potential shift toward federal reform. This news lifted optimism across the industry, especially fo...
Tilray stock price forecast as a shooting star candle forms
Invezz
Invezz
Tilray stock price surged to the highest point since April last year and then pulled back after its mixed financial results. TLRY's US shares ended the week at $1.72, down by 26% from its highest point this year.
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