Tilray Reports Strong First Quarter as Cannabis Market Evolves

NEW YORK, Oct. 09, 2025 — Tilray Brands, Inc. reported its financial results for the first fiscal quarter that ended on August 31, 2025, revealing a record net revenue of $210 million.

Irwin D. Simon, the Chairman and Chief Executive Officer, expressed confidence in the company’s strategic direction. “Achieving a record Q1 net revenue and delivering net income are proof points of our commitment to sustainable growth,” Simon stated. He emphasized that Tilray’s position allows it to lead the evolution of the cannabis, beverage, and wellness sectors.

The report showed some financial highlights, including wellness net revenue increasing to $15.2 million from $14.8 million the previous year. Beverage net revenue was slightly down to $55.7 million from $56.0 million, while distribution net revenue increased to $74.0 million from $68.1 million.

Tilray also reported a net income of $1.5 million compared to a net loss of $34.7 million in the prior year. Adjusted net income rose by $10 million, showing significant improvement.

Cash used in operations improved by $34 million to a loss of $1.3 million, and the company managed to reduce outstanding debt by $7.7 million, reinforcing its balance sheet. As of this quarter, Tilray holds a cash balance of $264.8 million, providing flexibility for future opportunities.

A live audio webcast discussing these results will be held today at 8:30 a.m. Eastern Time, accessible through Tilray’s Investor Relations website. An archived replay will also be available.

Tilray operates across Canada, the U.S., Europe, Australia, and Latin America, striving to lead in the sectors of cannabis, beverages, and wellness. It supports over 40 brands in more than 20 countries.