Filing Flows › Tilray Brands (TLRY) › Q3 FY25
Tilray Brands (TLRY) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 8, 2025
Tilray Brands (TLRY) reported revenue of $186M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and -12% from the quarter before. Operating margin was -409.0%, net loss $794M (427.1% of revenue).
Tilray Brands, Q3 FY25: revenue $186M (-1% year over year), operating margin -409.0%, net loss $794M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $186M | -12% | -1% |
| Operating profit | −$760M | — | — |
| Net earnings | −$794M | — | — |
| Operating cash flow | −$5.8M | — | — |
What changed
Revenue was $185.8M in Q3 FY25, down 1% year over year and down 12% from the previous quarter. Distribution Business was the largest line at 33% of revenue. Cannabis Segment lost $9.2M year over year (down 14%), 358% of the total change.
Gross margin was 28.0%, up 1.8 points from a year earlier. Operating costs exceeded revenue by $759.9M, an operating margin of -409.0%. Operating expenses grew 517% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+854%). The quarter ended with a net loss of $793.5M, wider than the previous quarter's $85.3M loss. Minority interests bore $4.1M of it: to shareholders the quarter was a loss of $789.4M.
Operating cash flow was −$5.8M. Non-cash charges added back $4.0M of share-based compensation. Working capital and other items added $783.7M. Capital expenditures of $14.4M exceeded it, leaving free cash flow of −$20.2M.
Questions
What was Tilray Brands' revenue in the third quarter fiscal 2025?
Tilray Brands (TLRY) reported revenue of $186M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and -12% from the quarter before.
Was Tilray Brands profitable in the third quarter fiscal 2025?
Operating loss was $760M (-409.0% of revenue) and net loss $794M.
Source: Tilray Brands 10-Q on SEC EDGAR.