Tilray Brands, Inc. reported record financial results for its first fiscal quarter ended August 31, 2026. The company announced net revenue of $257.1 million for the quarter, representing a 23% increase compared to the same period in the prior year.
Gross profit for the quarter reached $77.5 million, a 35% increase year-over-year, with the gross margin expanding to 30% from 27%. This expansion was driven by the company's global beverage business and international cannabis operations.
Revenue performance was driven by specific business segments. Beverage net revenue increased 82% year-over-year to $101.5 million, while international business revenue increased 71%.
On the balance sheet, Tilray reported cash, restricted cash, and marketable securities totaling $221.4 million at the end of the quarter. The company also reduced total outstanding debt by $42 million during the fiscal year-to-date period.
For the fiscal year ending May 31, 2027, Tilray reaffirmed its guidance for Adjusted EBITDA to be between $68 million and $75 million, representing double-digit growth compared to fiscal year 2026.
