Tilray Brands (TLRY) Revenue & Revenue Breakdown

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Tilray Brands Revenue Highlights

Latest Revenue (Y)

$821.31M

Latest Revenue (Q)

$217.51M

Main Segment (Y)

Cannabis Segment

Main Geography (Y)

EMEA

Tilray Brands Revenue by Period

Tilray Brands Revenue by Year

Date	Revenue	Change
2025-05-31	$821.31M	4.10%
2024-05-31	$788.94M	25.80%
2023-05-31	$627.12M	-0.20%
2022-05-31	$628.37M	22.47%
2021-05-31	$513.09M	31.23%
2020-05-31	$391.00M	123.11%
2019-05-31	$175.25M	512.12%
2018-05-31	$28.63M	88.71%
2017-05-31	$15.17M	134.62%
2016-05-31	$6.47M	1357.38%
2015-05-31	$443.70K	100.00%
2013-08-31	-	100.00%
2012-08-31	-	-

Tilray Brands generated $821.31M in revenue during NA 2025, up 4.10% compared to the previous quarter, and up 210.06% compared to the same period a year ago.

Tilray Brands Revenue by Quarter

Date	Revenue	Change
2025-11-30	$217.51M	-24.42%
2025-08-31	$287.78M	-6.60%
2025-05-31	$308.10M	14.82%
2025-02-28	$268.34M	-9.05%
2024-11-30	$295.06M	9.34%
2024-08-31	$269.84M	-13.85%
2024-05-31	$313.23M	22.53%
2024-02-29	$255.65M	-2.57%
2023-11-30	$262.38M	9.47%
2023-08-31	$239.67M	-3.40%
2023-05-31	$248.10M	25.25%
2023-02-28	$198.08M	1.85%
2022-11-30	$194.48M	-3.33%
2022-08-31	$201.17M	4.08%
2022-05-31	$193.28M	0.10%
2022-02-28	$193.08M	-2.76%
2021-11-30	$198.55M	-5.95%
2021-08-31	$211.11M	14.85%
2021-05-31	$183.81M	-2.70%
2021-02-28	$188.91M	45.93%
2020-11-30	$129.46M	10.19%
2020-08-31	$117.49M	17.74%
2020-05-31	$99.78M	-19.46%
2020-02-28	$123.90M	36.53%
2019-11-30	$90.75M	-3.82%
2019-09-30	$94.36M	1.81%
2019-06-30	$92.69M	65.60%
2018-12-31	$55.97M	242.97%
2018-11-30	$16.32M	59.45%
2018-09-30	$10.23M	11.91%
2018-06-30	$9.14M	13.79%
2018-02-28	$8.04M	21.62%
2017-11-30	$6.61M	36.29%
2017-08-31	$4.85M	20.86%
2017-05-31	$4.01M	3.38%
2017-02-28	$3.88M	-0.25%
2016-11-30	$3.89M	16.39%
2016-08-31	$3.34M	45.87%
2016-05-31	$2.29M	15.87%
2016-02-29	$1.98M	30.46%
2015-11-30	$1.52M	111.14%
2015-08-31	$717.98K	78.38%
2015-05-31	$402.51K	877.12%
2015-02-28	$41.19K	100.00%
2014-11-30	-	100.00%
2014-08-31	-	100.00%
2014-05-31	-	100.00%
2014-02-28	-	100.00%
2013-11-30	-	100.00%
2013-08-31	-	100.00%
2013-05-31	-	100.00%
2013-02-28	-	100.00%
2012-11-30	-	100.00%
2012-08-31	-	100.00%
2012-05-31	-	100.00%
2012-02-29	-	100.00%
2011-11-30	-	-

Tilray Brands generated $217.51M in revenue during Q2 2026, up -24.42% compared to the previous quarter, and up 80.61% compared to the same period a year ago.

Tilray Brands Revenue Breakdown

Tilray Brands Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	May 25	May 24	May 23	May 22	May 21
Distribution Revenue	$271.23M	$258.74M	$259.75M	$277.30M	-
Wellness Business	$60.48M	$55.31M	-	-	-
Cannabis Segment	$330.61M	$370.69M	-	-	-
Beverage Alcohol Business	$253.18M	$213.61M	$100.68M	-	-
Cannabis Revenue Net	-	-	-	$237.52M	$201.39M
Wellness Revenue	-	-	-	$59.61M	$5.79M
Cannabis Excise Taxes	-	-	-	$-63.37M	$-62.94M
Beverage Alcohol Revenue Net	-	-	-	$71.49M	$28.60M
Beverage Alcohol Excise Taxes	-	-	-	$-3.47M	$-1.06M
Beverage Alcohol Revenue	-	-	-	$74.96M	$29.66M
Cannabis Revenue	-	-	-	$300.89M	$264.33M

Tilray Brands's latest annual revenue breakdown by segment (product or service), as of May 25: Cannabis Segment (36.11%), Distribution Revenue (29.63%), Beverage Alcohol Business (27.65%), and Wellness Business (6.61%).

Quarterly Revenue by Product

Product/Service	Nov 25	Aug 25	May 25	Feb 25	Nov 24	Aug 24	May 24	Feb 24	Nov 23	Aug 23	May 23	Feb 23	Nov 22	Aug 22	May 22	Feb 22	Nov 21	Aug 21	Mar 21	Dec 20
Beverage Alcohol Business	$53.55M	$58.51M	$69.15M	$58.01M	$66.86M	$59.16M	$80.38M	$58.25M	$49.65M	$25.34M	$33.47M	$21.94M	$23.41M	$21.86M	-	-	-	-	-	-
Wellness Business	$14.58M	$15.24M	$17.04M	$14.09M	$14.61M	$14.75M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution Revenue	$85.32M	$74.01M	$74.05M	$61.49M	$61.16M	$62.53M	$68.87M	$67.19M	-	-	-	-	-	-	-	-	-	-	-	-
Cannabis Segment	$90.21M	$87.73M	$89.22M	$72.98M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution Business	-	-	-	$61.49M	$67.61M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wellness Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$16.18M	$14.70M	$13.80M	$14.93M	-	-
Cannabis Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$68.35M	$69.18M	$73.43M	$89.93M	-	-
Cannabis Revenue Net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$53.25M	$55.05M	$58.77M	$70.45M	-	-
Cannabis Excise Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-15.10M	$-14.13M	$-14.65M	$-19.48M	-	-
Beverage Alcohol Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$23.46M	$20.47M	$14.54M	$16.48M	-	-
Beverage Alcohol Revenue Net	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$22.73M	$19.60M	$13.71M	$15.46M	-	-
Beverage Alcohol Excise Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-732.00K	$-876.00K	$-837.00K	$-1.02M	-	-
Dried Cannabis	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$21.09M	$31.44M
Accessories And Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$30.00K	$50.00K
Cannabis Extracts	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$10.27M	$9.74M
Hemp Products	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$16.64M	$15.33M
Hemp	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$15.33M

Tilray Brands's latest quarterly revenue breakdown by segment (product or service), as of Nov 25: Cannabis Segment (37.02%), Distribution Revenue (35.02%), Beverage Alcohol Business (21.98%), and Wellness Business (5.98%).

Tilray Brands Revenue Breakdown by Country

Annual Revenue by Country

Country	May 25	May 24	May 22	May 21	Dec 20
EMEA	$323.35M	$296.45M	-	-	-
Rest of World	$11.40M	$15.63M	-	-	-
UNITED STATES	$273.69M	$233.14M	$53.78M	-	-
CANADA	$212.86M	$243.72M	$120.58M	-	-
E M E A	-	-	$296.91M	$279.06M	-
North America	-	-	$314.13M	$229.12M	-
Rest Of World	-	-	$17.33M	-	-
Latin America	-	-	-	$4.90M	-
Others Countries	-	-	-	-	$36.12M

Tilray Brands's latest annual revenue breakdown by geography, as of May 25: EMEA (39.37%), UNITED STATES (33.32%), CANADA (25.92%), and Rest of World (1.39%).

Quarterly Revenue by Country

Country	Nov 25	Aug 25	May 25	Feb 25	Nov 24	Aug 24	May 22	Feb 22	Nov 21	Aug 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18
CANADA	$54.17M	$58.17M	$54.30M	$45.93M	$56.72M	$55.91M	$27.20M	$33.77M	$29.48M	$27.84M	$29.49M	$33.59M	$30.33M	$17.00M	$14.45M	$9.10M	-	-	-	-
Rest of World	$2.34M	$2.12M	$2.55M	$3.04M	$3.22M	$2.59M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EMEA	$103.16M	$85.25M	$94.04M	$72.39M	$79.25M	$77.67M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
UNITED STATES	$57.84M	$63.96M	$73.64M	$64.42M	$71.75M	$63.88M	$11.04M	$9.93M	$13.34M	$13.98M	$16.53M	$10.84M	$10.73M	$4.22M	-	-	-	-	-	-
North America	-	-	-	-	-	-	$77.91M	$73.23M	$72.44M	$90.54M	-	-	-	-	-	-	-	-	-	-
Rest Of World	-	-	-	-	-	-	$4.10M	$3.97M	$7.79M	-	-	-	-	-	-	-	-	-	-	-
E M E A	-	-	-	-	-	-	$71.31M	$74.67M	$74.92M	$76.01M	-	-	-	-	-	-	-	-	-	-
Latin America	-	-	-	-	-	-	-	-	-	$1.47M	-	-	-	-	-	-	-	-	-	-
Others Countries	-	-	-	-	-	-	-	-	-	-	$9.78M	$12.86M	$8.59M	$8.59M	$6.08M	$6.68M	$4.84M	$1.81M	$1.08M	$949.00K

Tilray Brands's latest quarterly revenue breakdown by geography, as of Nov 25: EMEA (47.43%), UNITED STATES (26.59%), CANADA (24.91%), and Rest of World (1.08%).

Tilray Brands Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
HROW	Harrow Health	$199.61T	$71.64M
PAHC	Phibro Animal Health	$1.30B	$378.70M
NEOG	Neogen	$894.66M	$224.69M
TLRY	Tilray Brands	$821.31M	$217.51M
EVO	Evotec SE	$781.43M	$208.73M
AMPH	Amphastar Pharmaceuticals	$712.81M	$191.84M
DVAX	Dynavax	$277.25M	$95.44M
MAZE	Maze Therapeutics	$167.50M	-
ALVO	Alvotech	$91.43M	$12.43M
IMNM	Immunome	$9.04M	-
NTLA	Intellia Therapeutics	-	$13.78M

TLRY Revenue FAQ

What is Tilray Brands’s yearly revenue?

Tilray Brands's yearly revenue for 2025 was $821.31M, representing an increase of 4.10% compared to 2024. The company's yearly revenue for 2024 was $788.94M, representing an increase of 25.80% compared to 2023. TLRY's yearly revenue for 2023 was $627.12M, representing a decrease of -0.20% compared to 2022.

What is Tilray Brands’s quarterly revenue?

Tilray Brands's quarterly revenue for Q2 2026 was $217.51M, a -24.42% decrease from the previous quarter (Q1 2026), and a -26.28% decrease year-over-year (Q2 2025). The company's quarterly revenue for Q1 2026 was $287.78M, a -6.60% decrease from the previous quarter (Q4 2025), and a 6.65% increase year-over-year (Q1 2025). TLRY's quarterly revenue for Q4 2025 was $308.1M, a 14.82% increase from the previous quarter (Q3 2025), and a -1.64% decrease year-over-year (Q4 2024).

What is Tilray Brands’s revenue growth rate?

Tilray Brands's revenue growth rate for the last 3 years (2023-2025) was 30.96%, and for the last 5 years (2021-2025) was 60.07%.

What are Tilray Brands’s revenue streams?

Tilray Brands's revenue streams in y 25 are Distribution Revenue, Wellness Business, Cannabis Segment, and Beverage Alcohol Business. Distribution Revenue generated $271.23M in revenue, accounting 29.63% of the company's total revenue, up 4.83% year-over-year. Wellness Business generated $60.48M in revenue, accounting 6.61% of the company's total revenue, up 9.36% year-over-year. Cannabis Segment generated $330.61M in revenue, accounting 36.11% of the company's total revenue, down -10.81% year-over-year. Beverage Alcohol Business generated $253.18M in revenue, accounting 27.65% of the company's total revenue, up 18.52% year-over-year.

What is Tilray Brands’s main source of revenue?

For the fiscal year ending May 25, the largest source of revenue of Tilray Brands was Cannabis Segment. This segment made a revenue of $330.61M, representing 36.11% of the company's total revenue.