NASDAQ$TLRY

Tilray Brands Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Tilray Brands reported Q2 2026, revenue of $217.5M, net loss of $43.5M, diluted EPS of $-0.41.

For Q2 2026, Tilray Brands reported revenue of $217.5M, a net loss of $43.5M, diluted EPS was $-0.41. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Revenue $217.5M.
  • Net loss $43.5M.
  • Diluted EPS $-0.41.

Headline financials

Total Revenue

$218M

Previous: $211M+3.1%
EPS (adj)

-$0.41

Previous: -$0.10-310.0%
Gross Margin

26.0%

Previous: 29.0%-10.3%
Cannabis Gross Margin

39.0%

Previous: 35.0%+11.4%
Adjusted EBITDA

$8.37M

Previous: $9.02M-7.2%
Free Cash Flow

-$44.9M

No prior period
Net Income

-$44.9M

Previous: -$85.3M+47.3%
Operating Income

-$22.3M

Previous: -$42.2M+47.2%
Gross Profit

$57.5M

Previous: $61M-5.7%
Cash & Equivalents

$247M

No prior period
Total Assets

$2.1B

No prior period

Revenue & EPS history

Tilray · Revenue · Quarterly

$218M

Q2 2026+3.1%vs Q2 2025
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

The release discusses Tilray Brands's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Tilray Brands cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q2 2026.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.
  • Impairments, leverage, or category headwinds may pressure near-term GAAP results.

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 2026

Historical avgQ2 2026

-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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