Tilray Brands, Inc. (TLRY)

From the record

Tilray Brands, Inc.'s filings since 2018 show 5 warning events of 3 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2021-05-04); a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2025-03-25); an auditor change (8-K item 4.01, the latest 2021-05-21) (its current reports).

From the record

Tilray Brands, Inc.'s 8 filed years say what it did: revenue went from $179 million in fiscal 2019 to $915 million in fiscal 2026, up 26.2% a year; it rose in 6 of 7 years; the deepest fall was 0% from fiscal 2022 to fiscal 2023; net income was positive in 0 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2026-05-31, Tilray Brands, Inc. lost about 8 cents for every dollar of shareholders' money, and gross profitability: its products earned about 11 cents per dollar of everything the company owns. Leverage: it owed about 31 cents per dollar of assets, and net share issuance: its share count grew 25.6% over the year (the filed statements).

From the record

Tilray Brands, Inc.'s standing among 18 graded names in its industry family: revenue of $915 million in fiscal 2026 ranks in the top 18% by size; a net margin of -13.3% ranks in the bottom 47%; revenue growth of 13.4% a year over the last 3 filed years ranks in the top 31% (its annual reports).

From the record

Tilray Brands, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Simon, Irwin D (President and CEO, as filed), filing under that title since 2021-05-04, 5.5 years (top 35% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 5.5 years (top 41%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 4%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Tilray Brands, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $226 million against no long-term debt tagged leaves 9.7% of its assets as net cash, bottom 45% of its family; cash from operations less capital spending is -7.6% of revenue (bottom 36%); a gross margin of 28.4% (bottom 44%); research spending of 0% of revenue (bottom 5%) (its annual report).

From the record

Tilray Brands, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 13.4% a year over the last three filed years against 26.2% over all 8, slowing (top 42% of its family); the newest year grew 11.5% (top 31%); research spending grew -19.1% a year (bottom 46%); capital spending grew -1.1% a year (bottom 44%) (its annual reports). Tilray Brands, Inc. reported 4 lines of business in fiscal 2026: Distribution Business at $327 million (36%), Cannabis at $268 million (29%), Beverage Alcohol Business at $254 million (28%), and 1 more; 4 of 4 grew against the year before (its annual report).

From the record

Tilray Brands, Inc.'s newest year against its own record: revenue of $915 million in fiscal 2026 came in 2.6% below the $940 million its prior three years' pace pointed to (bottom 47% of its family); net income of $121 million against a prior three-year average of $1.3 billion (top 25%); a net margin of -13.3% against losses larger than its revenue before (top 19%) (its annual reports).