Cannabis firm Tilray's Q1 revenue rises 82% on BrewDog acquisition
TLRY•Tilray's fiscal first-quarter revenue rose 23% year over year to $257.15 million, while beverage revenue increased 82% to $101.5 million, driven by the BrewDog acquisition. The company reported an adjusted net loss of $3 million and reaffirmed fiscal 2027 adjusted EBITDA guidance of $68 million to $75 million.
1. Quarterly results
Tilray reported fiscal first-quarter revenue of $257.15 million, up 23% year over year. Its adjusted net loss was $3 million, or $0.02 per share, and its net loss was $40.03 million, or $0.32 per share.
2. Business and outlook
Beverage revenue rose 82% year over year to $101.5 million, driven by the BrewDog acquisition and expanded gross margin. EMEA revenue increased 71%, and cannabis gross margin expanded to 39% from 36% despite lower cannabis revenue. Tilray reduced outstanding debt by $42 million and ended the quarter with a net cash position; it reaffirmed fiscal 2027 adjusted EBITDA guidance of $68 million to $75 million and expects results to be more weighted toward the second half of the fiscal year.
