Tilray Brands (TLRY) Cost of Revenue (2017 - 2026)

Tilray Brands (TLRY) posted Cost of Revenue of $151.8 million for Q1 2026, up 1188.33% on a QoQ basis from $11.8 million in Q4 2025, and up 13.46% year-over-year from $133.8 million in Q1 2025.

Tilray Brands (TLRY) Cost of Revenue (2017 - 2026) Analysis & Trends

Tilray Brands' Cost of Revenue history runs 10 years deep, the most recent figure standing at $151.8 million for Q1 2026.

  • Quarterly Cost of Revenue rose 13.46% year-over-year to $151.8 million in Q1 2026, while the trailing twelve-month figure through Feb 2026 was -$191.3 million (down 123.01% YoY) and the FY2025 annual result came in at $56.0 million, down 90.09% from the prior year.
  • Cost of Revenue was $151.8 million for Q1 2026 at Tilray Brands, up from $11.8 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $541.2 million in Q2 2024 and bottomed at -$367.8 million in Q2 2025.
  • A 5-year average of $98.4 million and a median of $104.6 million in 2022 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2023 — Cost of Revenue jumped 1413.72% — and 2025, when it sank 167.97%.
  • Tilray Brands' Cost of Revenue stood at $9.7 million in 2022, then soared by 1413.72% to $146.4 million in 2023, then slumped by 88.96% to $16.2 million in 2024, then retreated by 27.11% to $11.8 million in 2025, then jumped by 1188.33% to $151.8 million in 2026.
  • Business Quant data shows TLRY's Cost of Revenue at $151.8 million in Q1 2026, $11.8 million in Q4 2025, and $12.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Haleon 89.28 Bn 87.42 Bn - -
2 Teva Pharmaceutical Industries 35.97 Bn 32.23 Bn 1.97 Bn 2.01 Bn
3 Zoetis 32.42 Bn 30.48 Bn 1.62 Bn 641.00 Mn
4 Takeda Pharmaceutical 27.48 Bn 23.42 Bn 4.39 Bn 2.59 Bn
5 United Therapeutics 22.89 Bn 20.73 Bn 648.10 Mn 133.40 Mn
6 RedHill Biopharma 22.11 Bn 22.11 Bn - -
7 Viatris 20.44 Bn 18.64 Bn 1.16 Bn 2.36 Bn
8 Neurocrine Biosciences 17.76 Bn 16.44 Bn 800.70 Mn 13.80 Mn
9 Elanco Animal Health 12.62 Bn 12.19 Bn 785.00 Mn 586.00 Mn
10 Tilray Brands 454.65 Mn 394.45 Mn 54.95 Mn 151.78 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 151.78 Mn
Feb 28, 2026 151.78 Mn
Nov 30, 2025 11.78 Mn
Nov 30, 2025 11.78 Mn
Aug 31, 2025 12.92 Mn
Aug 31, 2025 12.92 Mn
May 31, 2025 -367.80 Mn
May 31, 2025 -367.80 Mn
Feb 28, 2025 133.77 Mn
Feb 28, 2025 133.77 Mn
Nov 30, 2024 16.16 Mn
Nov 30, 2024 16.16 Mn
Aug 31, 2024 140.34 Mn
Aug 31, 2024 140.34 Mn
May 31, 2024 541.15 Mn
May 31, 2024 541.15 Mn
Feb 29, 2024 10.00 Mn
Feb 29, 2024 10.00 Mn
Nov 30, 2023 146.36 Mn
Nov 30, 2023 146.36 Mn