NASDAQ$TLRY

Tilray Brands Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Tilray Brands reported Q3 2025 revenue of $185.8M, a net loss of $789.4M, diluted EPS of $-0.85.

For Q3 2025, Tilray Brands reported Revenue was $185.8M, net loss was $789.4M, diluted EPS was $-0.85. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $185.8M for Q3 2025.
  • Net loss $789.4M.
  • Diluted EPS $-0.85.

Headline financials

Total Revenue

$186M

Previous: $188M-1.4%
EPS (adj)

-$0.85

Previous: -$0.12-608.3%
Gross Margin

28.0%

No prior period
Cannabis Gross Margin

41.0%

Previous: 33.0%+24.2%
Adjusted EBITDA

$9.04M

Previous: $10.2M-11.0%
Capital Expenditures

-$13.7M

Previous: -$9.7M-40.8%
Net Income

-$789M

Previous: -$92.7M-751.6%
Operating Income

-$760M

Previous: -$82.1M-825.6%
Gross Profit

$52M

Previous: $49.4M+5.3%
R&D Expense

$85K

Previous: $106K-19.8%

Revenue & EPS history

Tilray · Revenue · Quarterly

$186M

Q3 2025-1.4%vs Q3 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

Outlook emphasizes clinical milestones, cash runway, and R&D spend.

Tailwinds

  • Pipeline progress and partnership optionality.
  • Balance-sheet flexibility where noted.

Headwinds

  • Operating losses until commercialization.
  • Trial, regulatory, and financing risks.

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 Q3 2025

Historical avgQ3 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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