Tilray ( (TLRY) ) has released its Q1 earnings. Here is a breakdown of the information Tilray presented to its investors.
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Tilray Brands, Inc. is a global lifestyle and consumer packaged goods company operating in the cannabis, beverage, and wellness industries, with a presence in Canada, the United States, Europe, Australia, and Latin America.
In its first fiscal quarter of 2026, Tilray reported a record net revenue of $210 million and a net income of $1.5 million, showcasing its strategic focus on growth and profitability. The company also improved its balance sheet with $265 million in cash and reduced net debt to $4 million.
Key financial highlights include a 5% increase in net revenue to $209.5 million, with cannabis revenue rising 5% to $64.5 million. The company achieved an adjusted EBITDA increase of 9% to $10.2 million and significantly improved cash flow, reducing cash used in operations by $34 million year-over-year.
Tilray maintains its leadership in the Canadian adult-use cannabis market with a 12% increase in gross revenue and a 10% growth in international cannabis revenue. The company continues to strengthen its financial position, reducing total outstanding debt by $7.7 million.
Looking ahead, Tilray is optimistic about its ability to capitalize on opportunities in the evolving cannabis landscape, particularly in the U.S. and Europe, and remains committed to delivering long-term value to its investors.