Tilray Brands TLRY
NASDAQ TLRY
$4.21 -0.09 (-2.10%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%