NASDAQ$TLRY

Tilray Brands Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Achieved 13% year-over-year growth with record Q1 net revenue of $200 million.

Tilray Brands reported a 13% year-over-year revenue growth, reaching a record $200 million in net revenue for Q1 2025. The company's gross margin increased by over 500 basis points, representing a 20% year-over-year growth. Tilray Beverages experienced a 132% net revenue growth, and German medical cannabis flower revenue increased by 50% following legalization.

  • Tilray Brands achieved 13% year-over-year revenue growth.
  • Record Q1 net revenue of $200 million was generated.
  • Gross margin increased over 500 basis points, a 20% year-over-year growth.
  • Tilray Beverages net revenue grew by 132%.

Headline financials

Total Revenue

$200M

Previous: $177M+13.1%
EPS

-$0.04

Previous: -$0.10+60.0%
Gross Margin

30.0%

No prior period
Cannabis Gross Margin

40.0%

No prior period
Adjusted EBITDA

$9.33M

No prior period
Capital Expenditures

-$6.74M

No prior period
Free Cash Flow

-$39.2M

Previous: -$71.5M+45.2%
Net Income

-$39.2M

Previous: -$71.5M+45.2%
Operating Income

-$36.6M

Previous: -$34.4M-6.4%
Gross Profit

$59.7M

Previous: $44.2M+35.1%
Cash & Equivalents

$205M

Previous: $178M+15.6%
Total Assets

$4.26B

Previous: $4.4B-3.2%
Stock-Based Comp

$6.92M

Previous: $8.26M-16.2%

Revenue & EPS history

Tilray · Revenue · Quarterly

$200M

Q1 2025+13.1%vs Q1 2024
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Tilray · $152M total across 4 segments · Q3 2022

  • Distribution
    $62.5M-11.0%
  • Cannabis
    $55M+31.9%
  • Beverage
    $19.6M+64.1%
  • Wellness
    $14.7M

Forward guidance

Tilray anticipates improved regulatory changes in the cannabis industry following the upcoming U.S. Presidential elections, with both candidates expressing support for further legalization. The company is optimistic about future opportunities in the cannabis industry.

Tailwinds

  • Anticipates improved regulatory changes in the cannabis industry following the upcoming U.S. Presidential elections.
  • Both candidates have publicly confirmed their support for further legalization.
  • Optimistic about the future of the cannabis industry.
  • Dedicated to executing strategic plan to increase revenue.
  • Dedicated to executing strategic plan to drive operational efficiencies, and improve margins and profitability

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.1%

Avg return

Earnings day

-4.2%

Avg return

5 days after

-3.5%

Avg return

30 days after

34%

11 / 32 earnings

Positive

+27.4%

Q4 2023

Best reaction

-22.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-2.9%-9.2%
Q2 2026+0.2%+8.4%-17.0%
Q1 2026+21.2%-7.0%-27.9%
Q3 2025-21.2%-15.5%-24.1%
Q2 2025-13.9%-13.9%-27.0%
Q1 2025+0.0%-3.7%-8.6%
Q4 2024+9.8%+1.6%-7.1%
Q3 2024-22.0%-29.7%-23.6%
Q2 2024-14.5%-20.1%-19.2%
Q1 2024-5.4%-9.4%-14.3%
Q4 2023+27.4%+50.6%+39.3%
Q3 2023-3.1%-8.8%+5.8%
Q2 2023-5.4%+7.5%+2.7%
Q1 2023-21.3%-21.0%-2.3%
Q4 2022+12.0%+19.6%+17.5%
Q3 2022-7.8%-9.4%-32.6%
Q2 2022+15.0%+6.9%+7.8%
Q1 2022-2.8%-4.7%-0.8%
Q4 2021+21.1%+14.8%+5.4%
Q3 2021+1.4%+0.1%-16.8%
Q4 2020-21.7%-24.1%-26.8%
Q2 2021+4.3%+10.2%+109.7%
Q3 2020-13.5%-20.6%-17.8%
Q2 2020-7.1%-2.8%-24.3%
Q1 2020-4.0%-0.1%+24.6%
Q4 2019-9.8%-30.6%-59.1%
Q3 2019-4.5%-9.1%-13.6%
Q2 2019-8.1%-26.3%-28.0%
Q1 2019+5.2%-1.7%-12.4%
Q4 2018-3.7%-7.4%-30.1%
Q3 2018-9.8%-2.6%-33.4%
Q2 2018+16.3%+22.0%+145.7%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2012
Q4 2012
Q3 2011
Q2 2011

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