Tilray Brands Inc

TLRY: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tilray Earnings: Decent Performance in Cannabis and Alcohol, but Rally Leaves Shares Overvalued

Kristoffer Inton

Oct 9, 2025

Tilray reported that fiscal first-quarter 2026 net revenue increased 5% to USD 200 million. Cannabis revenue grew 5%, while sales of alcoholic beverages declined less than 1%. Adjusted EBITDA margin increased about 20 basis points to 4.9%.

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Tilray Brands Inc

Tilray Earnings: Decent Performance in Cannabis and Alcohol, but Rally Leaves Shares Overvalued

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