Tilray’s fiscal 2026 revenue rose 11% to $915 million, but GAAP losses and missed earnings forecasts weigh on investor sentiment.
Tilray Brands reported fiscal 2026 revenue of $915 million, an 11% increase, nearing its $1 billion target. Adjusted EBITDA grew to $61.1 million, while adjusted net income nearly doubled to $12.2 million from $6.5 million.
Despite these gains, adjusted earnings fell short of sell-side estimates. GAAP net losses widened to $49.6 million, or negative 43 cents per share, marking another quarter of heavy losses for the cannabis company.
Shares initially rallied post-earnings but have since retreated, reflecting investor caution amid persistent profitability challenges and broader sector headwinds.