Filing Flows › Tilray Brands (TLRY) › Q1 FY26
Tilray Brands (TLRY) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 9, 2025
Tilray Brands (TLRY) reported revenue of $210M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -7% from the quarter before. Operating margin was 1.0%, net earnings $1.5M (0.7% of revenue).
Tilray Brands, Q1 FY26: revenue $210M (+5% year over year), operating margin 1.0%, net earnings $1.5M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $210M | -7% | +5% |
| Operating profit | $2.1M | — | — |
| Net earnings | $1.5M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $209.5M in Q1 FY26, up 5% year over year and down 7% from the previous quarter. Distribution Business was the largest line at 35% of revenue. Distribution Business added $5.9M year over year (up 9%), 63% of the total change.
Gross margin was 27.4%, down 2.4 points from a year earlier. Operating profit was $2.1M, a 1.0% margin (up 19.3 points year over year). Operating expenses fell 42% while revenue rose 5%. Net earnings were −$322K.
Operating cash flow was −$1.3M. Non-cash charges added back $5.1M of share-based compensation. Working capital and other items used $7.9M.
Questions
What was Tilray Brands' revenue in the first quarter fiscal 2026?
Tilray Brands (TLRY) reported revenue of $210M for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and -7% from the quarter before.
Was Tilray Brands profitable in the first quarter fiscal 2026?
Operating profit was $2.1M (1.0% of revenue) and net earnings $1.5M.
Source: Tilray Brands 10-Q on SEC EDGAR.