Tilray Brands (TLRY) Cost of Revenue (2017 - 2026)
Tilray Brands' (TLRY) quarterly Cost of Revenue came in at $191.2 million in Q2 2026, up 21.86% on a YoY basis from $156.9 million in Q2 2025, and up 25.97% quarter-over-quarter from $151.8 million in Q1 2026.
Analysis
Tilray Brands (TLRY) Cost of Revenue (2017 - 2026) Analysis & Trends
Tilray Brands (TLRY) has reported Cost of Revenue for 10 consecutive years, with $191.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 21.86% year-over-year to $191.2 million; the trailing twelve-month figure through May 2026 stood at $655.0 million (up 12.79% YoY), and the FY2026 full-year result was $655.0 million, up 12.79% from the prior year.
- Cost of Revenue improved to $191.2 million in Q2 2026 per TLRY's latest filing, from $151.8 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $191.2 million in Q2 2026 and bottomed at $101.3 million in Q4 2022.
- Historically, Cost of Revenue has averaged $141.9 million across 5 years, with a median of $146.9 million in 2023.
- The widest YoY moves for Cost of Revenue: up 44.55% in 2023, down 26.89% in 2023.
- Over 5 years, Cost of Revenue stood at $101.3 million in 2022, then soared by 44.55% to $146.4 million in 2023, then grew by 2.3% to $149.7 million in 2024, then rose by 6.87% to $160.0 million in 2025, then gained by 19.49% to $191.2 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $191.2 million, $151.8 million, and $160.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.58 Bn | 2.48 Bn | 169.91 Mn | 170.19 Mn |
| 2 | Trulieve Cannabis | 2.19 Bn | 1.86 Bn | 162.29 Mn | 108.66 Mn |
| 3 | Green Thumb Industries | 1.66 Bn | 1.37 Bn | 137.87 Mn | 168.81 Mn |
| 4 | Cronos | 1.18 Bn | 383.59 Mn | 28.45 Mn | 24.17 Mn |
| 5 | Glass House Brands | 654.26 Mn | 635.70 Mn | 15.77 Mn | 31.25 Mn |
| 6 | Vireo Growth | 545.55 Mn | 403.25 Mn | 95.30 Mn | 114.00 Mn |
| 7 | Tilray Brands | 462.43 Mn | 227.80 Mn | 90.52 Mn | 191.19 Mn |
| 8 | Verano Holdings | 429.33 Mn | 344.13 Mn | 99.70 Mn | 118.22 Mn |
| 9 | Canopy Growth | 389.88 Mn | 142.87 Mn | 16.08 Mn | 42.60 Mn |
| 10 | Sndl | 345.79 Mn | 213.25 Mn | 40.74 Mn | 129.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Aug 31, 2021 | 117.07 Mn |