Tilray Brands (TLRY) Cost of Revenue (2017 - 2026)
Tilray Brands (TLRY) posted Cost of Revenue of $179.64 million for fiscal Q1 2027 (quarter ended Aug 31, 2026), up 18.2% from $152.03 million a year earlier but down 6.0% from the prior quarter.
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Analysis
Tilray Brands (TLRY) Cost of Revenue (2017 - 2026) Analysis & Trends
For the trailing twelve months through Aug 31, 2026, Cost of Revenue at Tilray Brands was $682.62 million, up 15.2% year-over-year; for FY2026 (ended May 31, 2026), it came in at $655.01 million, up 12.8% from FY2025.
- Annual Cost of Revenue has increased for three consecutive fiscal years, with a five-year compound annual growth rate of 10.9% (FY2021 to FY2026).
- In prior fiscal years, Tilray Brands' Cost of Revenue was $580.74 million in FY2025 (+2.7%), $565.59 million in FY2024 (+17.8%), $480.16 million in FY2023 (-6.1%) and $511.56 million in FY2022 (+31.2%).
- Quarterly Cost of Revenue has run from a low of $101.25 million in fiscal Q2 2023 to a high of $191.19 million in fiscal Q4 2026 over five years.
- On a year-over-year basis, Cost of Revenue has increased in each of the last six quarters, with growth averaging 9.2% over the last eight quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was fiscal Q2 2024, with growth of 44.5%; the weakest was fiscal Q4 2023, with a decline of 26.9%.
- According to Business Quant data, Cost of Revenue for the three prior fiscal quarters was $191.19 million (Q4 2026), $151.78 million (Q3 2026) and $160.01 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.95 Bn | 289.94 Bn | 7.85 Bn | 3.58 Bn |
| 2 | British American Tobacco p.l.c | 137.57 Bn | 114.22 Bn | - | - |
| 3 | Altria | 124.10 Bn | 110.30 Bn | 3.82 Bn | 1.54 Bn |
| 4 | RLX Technology | 2.51 Bn | -1.24 Bn | 52.74 Mn | 82.40 Mn |
| 5 | Verano Holdings | 2.17 Bn | 1.84 Bn | 99.70 Mn | 118.22 Mn |
| 6 | Curaleaf Holdings | 2.09 Bn | 1.70 Bn | 169.91 Mn | 170.19 Mn |
| 7 | Trulieve Cannabis | 2.00 Bn | 614.45 Mn | 162.29 Mn | 108.66 Mn |
| 8 | Turning Point Brands | 1.28 Bn | 415.13 Mn | 93.70 Mn | 49.26 Mn |
| 9 | Cronos | 1.24 Bn | -1.98 Bn | 28.45 Mn | 42.15 Mn |
| 10 | Tilray Brands | 415.28 Mn | -568.91 Mn | 77.51 Mn | 179.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 179.64 Mn |
| May 31, 2026 | 191.19 Mn |
| Feb 28, 2026 | 151.78 Mn |
| Nov 30, 2025 | 160.01 Mn |
| Aug 31, 2025 | 152.03 Mn |
| May 31, 2025 | 156.90 Mn |
| Feb 28, 2025 | 133.77 Mn |
| Nov 30, 2024 | 149.73 Mn |
| Aug 31, 2024 | 140.34 Mn |
| May 31, 2024 | 147.53 Mn |
| Feb 29, 2024 | 138.94 Mn |
| Nov 30, 2023 | 146.36 Mn |
| Aug 31, 2023 | 132.75 Mn |
| May 31, 2023 | 117.03 Mn |
| Feb 28, 2023 | 157.29 Mn |
| Nov 30, 2022 | 101.25 Mn |
| Aug 31, 2022 | 104.60 Mn |
| May 31, 2022 | 160.06 Mn |
| Feb 28, 2022 | 112.04 Mn |
| Nov 30, 2021 | 122.39 Mn |
API Access
Tilray Brands Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TLRY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "TLRY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=TLRY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();