Tilray Brands (TLRY) Gross Margin (2017 - 2026)
Tilray Brands' (TLRY) quarterly Gross Margin came in at 32.13% in Q2 2026, up 201.0% on a YoY basis from 10.68% in Q2 2025, and up 20.88% quarter-over-quarter from 26.58% in Q1 2026.
Analysis
Tilray Brands (TLRY) Gross Margin (2017 - 2026) Analysis & Trends
Tilray Brands (TLRY) has reported Gross Margin for 10 consecutive years, with 32.13% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 201.0% year-over-year to 32.13%; the trailing twelve-month figure through May 2026 stood at 28.45% (down 84.0% YoY), and the FY2026 full-year result was 28.45%, down 84.0% from the prior year.
- Gross Margin grew to 32.13% in Q2 2026 per TLRY's latest filing, from 26.58% in the prior quarter.
- Across five years, Gross Margin topped out at 36.46% in Q2 2023 and bottomed at 8.04% in Q1 2023.
- Historically, Gross Margin has averaged 25.16% across 5 years, with a median of 27.71% in 2025.
- The widest YoY moves for Gross Margin: up 4086 bps in 2023, down 3426 bps in 2023.
- Over 5 years, Gross Margin stood at 29.75% in 2022, then declined by 18 bps to 24.47% in 2023, then grew by 19 bps to 29.02% in 2024, then declined by 9 bps to 26.43% in 2025, then climbed by 22 bps to 32.13% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 32.13%, 26.58%, and 26.43% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 49.96% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | 59.90% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 44.96% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 40.30% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | 33.54% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 45.53% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 32.13% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | 45.75% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 22.16% |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | 23.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 32.13% |
| Feb 28, 2026 | 26.58% |
| Nov 30, 2025 | 26.43% |
| Aug 31, 2025 | 27.43% |
| May 31, 2025 | 30.12% |
| Feb 28, 2025 | 28.00% |
| Nov 30, 2024 | 29.02% |
| Aug 31, 2024 | 29.85% |
| May 31, 2024 | 35.82% |
| Feb 29, 2024 | 26.23% |
| Nov 30, 2023 | 24.47% |
| Aug 31, 2023 | 24.98% |
| May 31, 2023 | 36.46% |
| Feb 28, 2023 | -8.04% |
| Nov 30, 2022 | 29.75% |
| Aug 31, 2022 | 31.73% |
| May 31, 2022 | -4.39% |
| Feb 28, 2022 | 26.23% |
| Nov 30, 2021 | 21.12% |
| Aug 31, 2021 | 30.33% |