Filing Flows › Tilray Brands (TLRY) › Q3 FY26
Tilray Brands (TLRY) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Apr 1, 2026
Tilray Brands (TLRY) reported revenue of $207M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and -5% from the quarter before. Operating margin was -12.8%, net loss $25.2M (12.2% of revenue).
Tilray Brands, Q3 FY26: revenue $207M (+11% year over year), operating margin -12.8%, net loss $25.2M, operating cash flow −$21.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | -5% | +11% |
| Operating profit | −$26.4M | — | — |
| Net earnings | −$25.2M | — | — |
| Operating cash flow | −$21.9M | — | — |
What changed
Revenue was $206.7M in Q3 FY26, up 11% year over year and down 5% from the previous quarter. Distribution Business was the largest line at 40% of revenue. Distribution Business added $21.5M year over year (up 35%), 102% of the total change. Beverage Alcohol Business declined 24%.
Gross margin was 26.6%, down 1.4 points from Q3 FY25. Operating costs exceeded revenue by $26.4M, an operating margin of -12.8%. Operating expenses fell 90% while revenue rose 11%. The fastest-growing cost line was General & admin (+28%). The quarter ended with a net loss of $25.2M, narrower than the previous quarter's $43.5M loss.
Operating cash flow was −$21.9M. Non-cash charges added back $13.7M of share-based compensation. Working capital and other items used $10.4M.
Questions
What was Tilray Brands' revenue in the third quarter fiscal 2026?
Tilray Brands (TLRY) reported revenue of $207M for the third quarter fiscal 2026 (Q3 FY26), +11% from a year earlier and -5% from the quarter before.
Was Tilray Brands profitable in the third quarter fiscal 2026?
Operating loss was $26.4M (-12.8% of revenue) and net loss $25.2M.
Source: Tilray Brands 10-Q on SEC EDGAR.