NASDAQ$TLRY

Tilray Brands Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Tilray reported strong Q2 2025 financial results with gross profit increasing by 29% year-over-year and net revenue reaching a record $211 million.

Tilray Brands reported strong Q2 2025 financial results, with a 29% increase in gross profit year-over-year, reaching $61 million. The company achieved a record Q2 net revenue of $211 million, a 9% increase year-over-year (10% in constant currency).

  • Gross Profit Increased by 29% Year-Over-Year, Reaching $61 Million in Q2 with Growth Across All Four Business Segments
  • Achieved 9% Year-Over-Year Growth, Generating Record Q2 Net Revenue of $211 Million, 10% in Constant Currency
  • Beverage Revenue Increase by 36%
  • Announces Project 420: A $25 Million Synergy Plan for Tilray Beverage Business

Headline financials

Total Revenue

$211M

Previous: $194M+8.9%
EPS (adj)

-$0.10

Previous: -$0.07-42.9%
Gross Margin

29.0%

No prior period
Adjusted EBITDA

$9.02M

No prior period
Cannabis Gross Margin

35.0%

No prior period
Capital Expenditures

-$5.41M

Previous: -$5.74M+5.8%
Net Income

-$85.3M

Previous: -$49M-74.0%
Operating Income

-$42.2M

Previous: -$41.8M-1.1%
Gross Profit

$61M

Previous: $47.4M+28.7%
Stock-Based Comp

$7.24M

Previous: $8.2M-11.8%

Revenue & EPS history

Tilray · Revenue · Quarterly

$211M

Q2 2025+8.9%vs Q2 2024
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

Tilray · $225M total across 4 segments · Q4 2025

  • Distribution
    $74.1M—
  • Cannabis
    $67.8M—
  • Beverage
    $65.6M—
  • Wellness
    $17M—

Forward guidance

The Company reaffirms its fiscal year 2025 guidance of anticipated net revenues between $950 million and $1 billion.

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 Q2 2025

Historical avgQ2 2025

-2.0%

Avg return

Earnings day

-4.6%

Avg return

5 days after

-0.3%

Avg return

30 days after

36%

12 / 33 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%
Q4 2025+1.4%-17.4%+98.6%
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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