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Curaleaf Holdings vs Tilray Brands: CURLF and TLRY compared
Curaleaf Holdings is the larger company: $353M of revenue in its latest quarter (Q3 2026) against $257M for Tilray Brands (Q1 FY27). Tilray Brands is growing faster (+23% against +11% a year earlier). Curaleaf Holdings is more profitable, with an operating margin of 0.8% against -9.4%.
Where the money goes: CURLF and TLRY
Curaleaf Holdings (CURLF) · Q3 2026
Curaleaf Holdings, Q3 2026: revenue $353M (+11% year over year), operating margin 0.8%, net loss $32.7M, operating cash flow $21.1M. The chart follows the revenue to costs, profit and cash.
Tilray Brands (TLRY) · Q1 FY27
Tilray Brands, Q1 FY27: revenue $257M (+23% year over year), operating margin -9.4%, net loss $40.0M, operating cash flow −$16.5M. The chart follows the revenue to costs, profit and cash.
| Curaleaf Holdings (CURLF) | Tilray Brands (TLRY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $353M | $257M |
| Revenue growth, Y/Y | +11% | +23% |
| Operating margin | 0.8% | -9.4% |
| Net earnings | −$32.7M | −$40.0M |
| Net margin | -9.3% | -15.6% |
| Operating cash flow | $21.1M | −$16.5M |
| Free cash flow | $4.0M | — |
| Market value | $2.5B | — |
| Analysts’ mean target | $16.00 | — |
Where the revenue comes from
Curaleaf Holdings
- Retail and wholesale revenues: $349M (99%)
- Management fee income: $3.9M (1%)
Tilray Brands
- Beverage Alcohol Business: $101M (39%)
- Distribution Business: $84.3M (33%)
- Cannabis Segment: $56.1M (22%)
- Wellness Business: $15.3M (6%)
Questions
Which is bigger, Curaleaf Holdings or Tilray Brands?
Curaleaf Holdings is the larger company: $353M of revenue in its latest quarter (Q3 2026) against $257M for Tilray Brands (Q1 FY27).
Is Curaleaf Holdings or Tilray Brands growing faster?
Tilray Brands is growing faster (+23% against +11% a year earlier).
Which is more profitable, Curaleaf Holdings or Tilray Brands?
Curaleaf Holdings is more profitable, with an operating margin of 0.8% against -9.4%.
More: Curaleaf Holdings earnings · how Curaleaf Holdings makes money · Tilray Brands earnings · how Tilray Brands makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 8, 2026). Fiscal quarters can end on different dates. Not investment advice.