Filing Flows › Tilray Brands (TLRY) › Q4 FY25
Tilray Brands (TLRY) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jul 29, 2025
Tilray Brands (TLRY) reported revenue of $225M for the fourth quarter fiscal 2025 (Q4 FY25), -2% from a year earlier and +21% from the quarter before. Operating margin was -643.1%, net loss $1.3B (564.7% of revenue).
Tilray Brands, Q4 FY25: revenue $225M (-2% year over year), operating margin -643.1%, net loss $1.3B, operating cash flow −$12.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $225M | +21% | -2% |
| Operating profit | −$1.4B | — | — |
| Net earnings | −$1.3B | — | — |
| Operating cash flow | −$12.8M | — | — |
What changed
Revenue was $224.5M in Q4 FY25, down 2% year over year and up 21% from the previous quarter. Distribution Business was the largest line at 33% of revenue.
Gross margin was 30.1%, down 5.7 points from a year earlier. Operating costs exceeded revenue by $1,444.0M, an operating margin of -643.1%. Operating expenses grew 1429% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+3396%). The quarter ended with a net loss of $1,267.9M, wider than the previous quarter's $793.5M loss.
Operating cash flow was −$12.8M. Non-cash charges added back $6.1M of share-based compensation. Working capital and other items added $1,249.0M. Capital expenditures of $6.3M exceeded it, leaving free cash flow of −$19.1M.
Questions
What was Tilray Brands' revenue in the fourth quarter fiscal 2025?
Tilray Brands (TLRY) reported revenue of $225M for the fourth quarter fiscal 2025 (Q4 FY25), -2% from a year earlier and +21% from the quarter before.
Was Tilray Brands profitable in the fourth quarter fiscal 2025?
Operating loss was $1.4B (-643.1% of revenue) and net loss $1.3B.
Source: Tilray Brands 10-K on SEC EDGAR.