Filing Flows › Tilray Brands (TLRY) › Q4 FY26
Tilray Brands (TLRY) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Jul 28, 2026
Tilray Brands (TLRY) reported revenue of $282M for the fourth quarter fiscal 2026 (Q4 FY26), +25% from a year earlier and +36% from the quarter before. Operating margin was -5.8%, net loss $37.9M (13.5% of revenue).
Tilray Brands, Q4 FY26: revenue $282M (+26% year over year), operating margin -5.8%, net loss $37.9M, operating cash flow −$37.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $282M | +36% | +25% |
| Operating profit | −$16.5M | — | — |
| Net earnings | −$37.9M | — | — |
| Operating cash flow | −$37.3M | — | — |
What changed
Revenue was $281.7M in Q4 FY26, up 25% year over year and up 36% from the previous quarter. Beverage Alcohol Business was the largest line at 37% of revenue.
Gross margin was 32.1%, up 2.0 points from Q4 FY25. Operating costs exceeded revenue by $16.5M, an operating margin of -5.8%. Operating expenses fell 93% while revenue rose 25%. The fastest-growing cost line was Research & development (+429%). The quarter ended with a net loss of $37.9M, wider than the previous quarter's $25.2M loss.
Operating cash flow was −$37.3M. Non-cash charges added back $14.9M of share-based compensation. Working capital and other items used $14.3M.
Questions
What was Tilray Brands' revenue in the fourth quarter fiscal 2026?
Tilray Brands (TLRY) reported revenue of $282M for the fourth quarter fiscal 2026 (Q4 FY26), +25% from a year earlier and +36% from the quarter before.
Was Tilray Brands profitable in the fourth quarter fiscal 2026?
Operating loss was $16.5M (-5.8% of revenue) and net loss $37.9M.
Source: Tilray Brands 10-K on SEC EDGAR.