Tilray Brands Q3 Revenue Hits $206.7M, Gross Profit $55M, Net Loss Narrows 97%
Tilray Brands reported record Q3 fiscal 2026 net revenue of $206.7 million, up 11% year-on-year, and gross profit of $55.0 million, a 6% increase. Net loss narrowed by 97% to $25.2 million as adjusted net income reached $2.4 million and cash and marketable securities total $264.8 million.
1. Record Revenue and Profitability Trends
Tilray Brands delivered Q3 fiscal 2026 net revenue of $206.7 million, up 11% year-on-year, and gross profit of $55.0 million, a 6% increase. Net loss narrowed by 97% to $25.2 million with adjusted net income of $2.4 million and adjusted EBITDA of $10.7 million.
2. Business Segment Highlights
Cannabis net revenue grew 19% to $64.8 million driven by a 73% surge in international sales and an 8% rise in Canadian adult-use and medical cannabis. Beverage revenue declined to $42.6 million, while wellness revenue rose 16% to $16.4 million and distribution revenue reached a record $83.0 million.
3. Balance Sheet and Strategic Moves
The balance sheet holds $264.8 million in cash and marketable securities, supporting growth opportunities. The company completed a £40 million cash acquisition of BrewDog to expand its global craft beverage platform and is set to launch a Carlsberg partnership in 2027.