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NASDAQ · Drug Manufacturers - Specialty & Generic · USD

Tilray Brands, Inc. (TLRY) Stock Analysis

Tilray Brands, Inc. (TLRY) is a Drug Manufacturers - Specialty & Generic stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

TLRY

$2.92

−$0.11 (−3.63%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TLRY Key Statistics

As of Oct 21, 2026
Trading
Open
$3.06
Previous Close
$3.03
Day's Range
2.91–3.07
52-Week Range
2.91–15.70
Volume
4.19M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.92
Valuation
Market Cap
$431.54M
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
20.55
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
0.45
EPS (ttm)Profit attributable to each share over the last twelve months.
−1.41
Financials (FY)
Revenue (FY)
$915.45M+11.46%
Net Income (FY)
−$121.40M
Profit marginThe share of revenue left as profit after all costs and taxes.
−17.05%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
147.79M
1-Year Return
−80.27%
Dividend and dates
Earnings Date
January 7, 2027estimated
Avg Volume
4.21M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TLRY closed at $2.92, −80.27% over 1 year.

Tilray Brands, Inc. (TLRY) has a market capitalization of $431.54M.

In fiscal 2025, TLRY reported revenue of $915.45M.

TLRY Stock Return by Calendar Year

Tilray Brands, Inc. (TLRY) return since Jul 2018: what $10,000 became

1 year
$10,000 $1,973
−80.27%
5 years
$10,000 $253
−97.47%
Since Jul 2018
$10,000 $130
−98.70%

If you had invested $10,000 in Tilray Brands, Inc. (TLRY) at the close on July 19, 2018, the earliest close on record here, it would have been worth $130 at the close on October 21, 2026: −98.70% in total, −40.88% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−67.66%
2025−32.11%
2024−42.17%
2023−14.50%
2022−61.74%
2021−14.89%
2020−51.78%
2019−75.72%
2018 (partial year)+215.05%

As of October 21, 2026.

TLRY Revenue and Earnings by Fiscal Year

FY ends May
Fiscal yearRevenueNet incomeNet margin
2025$915.45M−$121.40M−13.3%
2024$821.31M−$2.19B−266.3%
2023$788.94M−$244.98M−31.1%
2022$627.12M−$1.45B−231.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$915.45M$260.44M−$55.26M−$121.40M−13.3%
2024$821.31M$240.57M−$107.81M−$2.19B−266.3%
2023$788.94M$223.35M−$112.76M−$244.98M−31.1%
2022$627.12M$146.96M−$178.20M−$1.45B−231.6%

Annual figures as reported, in the company's reporting currency. As of May 31, 2026.

TLRY Valuation vs Drug Manufacturers - Specialty & Generic Median

Median of 97 stocks
MetricTLRYDrug Manufacturers - Specialty & Generic medianvs median
P/S ratio0.452.100.2x the median
Profit margin−17.05%−8.14%8.9 pts below

Medians across 97 Drug Manufacturers - Specialty & Generic stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Tilray Brands, Inc. (TLRY) at $431.54M. It is classified in the Drug Manufacturers - Specialty & Generic industry, within the Healthcare sector. Headcount on file is 3,595.

TLRY last closed at $2.92 on October 21, 2026. That is −$0.11 (−3.63%) against the previous close. The 52-week range on file runs from $2.91 to $15.70. The latest close sits 0.34% above that 52-week low.

Financial Health

In fiscal 2025, Tilray Brands, Inc. reported revenue of $915.45M. That is +11.46% against the prior fiscal year, when revenue was $821.31M. The same year closed with a net loss of $121.40M. The reported profit margin is −17.05%. That is 8.9 percentage points below the Drug Manufacturers - Specialty & Generic median of −8.14%. Earnings per share on a trailing basis come to −1.41.

Across the 4 fiscal years on file, revenue moves from $627.12M in 2022 to $915.45M in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. On forward earnings the ratio is 20.55. Measured against sales, the shares trade at 0.45 times revenue. On price-to-sales that is 0.2 times the Drug Manufacturers - Specialty & Generic median of 2.1. 97 Drug Manufacturers - Specialty & Generic companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is −80.27%. Measured over 5 years, that is −52.08% a year compounded. Beta against the wider market is reported at 1.92. Annualized volatility over the trailing 8 years is 105.43%.

Growth & Income

No dividend is on file for TLRY.

2026 is still running; the total return is −67.66% year to date. The strongest complete calendar year on file is 2023 at −14.50%; the weakest is 2019 at −75.72%. Of the 7 complete calendar years on file, 0 finished higher.

Peer Comparison

Tilray Brands, Inc. (TLRY) operates in the Drug Manufacturers - Specialty & Generic industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Tilray Brands, Inc. TLRY $431.54M —
Takeda Pharmaceutical Company Limited TAK $63.67B —
Teva Pharmaceutical Industries Limited TEVA $47.37B 67.7
Haleon plc HLN $44.06B 20.5

The Drug Manufacturers - Specialty & Generic industry average P/E ratio is 20.3x. Tilray Brands, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Tilray Brands, Inc.

Tilray Brands, Inc., a lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, the Middle East, Africa, and internationally. The company operates through four segments: Beverage, Cannabis, Distribution, and Wellness. It also offers medical and adult-use cannabis products; resells and distributes pharmaceutical and wellness products; and produces, markets, and sells beverage products, and hemp-based food products. In addition, the company provides entertainment products. It offers its products under the Tilray, Aphria, Broken Coast, Symbios, Navcora, Tilray Craft, Charlotte's Web, Shock Top, Montauk Brewing, 10 Barrell, Breckenridge Brewery, SweetWater Brewing, Breckenridge Distillery, Blue Point, Alpine, Broken Coast, Redecan, XMG, Manitoba Harvest, CC Pharma, Good Supply, Solei, Mollo, Chowie Wowie, Original Stash, Canaca, RIFF, Tilray Medical, Bake Sale, The Batch, HEXO, Cruisies, Atwater Brewery, Hi-ball Energy, Liquid Love, Hop Valley Brewing, Redhook Brewery, Revolver Brewing, Square Mile Cider, Mock One, Widmer Brothers Brewing, Runner's High Brewing Company, SweetWater Brewing Company, Terrapin brands. The company sells its products to retailers, wholesalers, patients, physicians, hospitals, pharmacies, researchers, and governments, as well as direct to consumers. The company was formerly known as Tilray, Inc. and changed its name to Tilray Brands, Inc. in January 2022. Tilray Brands, Inc. is headquartered in Leamington, Canada.

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