Tilray Brands (TLRY) Operating Expenses (2017 - 2026)

Tilray Brands (TLRY) reported Operating Expenses of $81.3 million for Q1 2026, down 89.98% on a YoY basis from $811.9 million in Q1 2025, and up 1.96% quarter-over-quarter from $79.8 million in Q4 2025.

Tilray Brands (TLRY) Operating Expenses (2017 - 2026) Analysis & Trends

Tilray Brands has reported Operating Expenses for 10 years, with the latest figure at $81.3 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 89.98% year-over-year to $81.3 million; the trailing twelve-month figure through Feb 2026 stood at $1.7 billion (up 55.61% YoY), and the FY2025 full-year result was $2.5 billion, up 533.84% from the prior year.
  • Operating Expenses for Q1 2026 stood at $81.3 million, up from $79.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $1.5 billion in Q2 2025, with the low at $55.4 million in Q3 2025.
  • Historically, Operating Expenses has averaged $304.3 million across 5 years, with a median of $96.3 million in 2024.
  • Annual changes were most pronounced in 2023 — Operating Expenses jumped 1963.65% — and 2026, when it tumbled 89.98%.
  • Tilray Brands' Operating Expenses stood at $94.7 million in 2022, then declined by 5.81% to $89.2 million in 2023, then grew by 16.0% to $103.4 million in 2024, then decreased by 22.88% to $79.8 million in 2025, then climbed by 1.96% to $81.3 million in 2026.
  • The last three Operating Expenses figures came in at $81.3 million (Q1 2026), $79.8 million (Q4 2025), and $55.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Teva Pharmaceutical Industries 38.34 Bn 34.60 Bn 1.97 Bn 526.00 Mn
2 Zoetis 33.27 Bn 31.33 Bn 1.62 Bn 788.00 Mn
3 United Therapeutics 23.75 Bn 21.60 Bn 648.10 Mn 455.70 Mn
4 Aurora Cannabis 17.11 Bn 17.03 Bn 33.43 Mn 19.40 Mn
5 Neurocrine Biosciences 16.37 Bn 15.05 Bn 800.70 Mn 621.10 Mn
6 Elanco Animal Health 11.78 Bn 11.35 Bn 785.00 Mn 478.00 Mn
7 Alkermes 7.05 Bn 6.54 Bn -116.06 Mn 441.19 Mn
8 Lantheus Holdings 6.49 Bn 5.99 Bn 230.92 Mn 96.91 Mn
9 Hims & Hers Health 6.19 Bn 5.44 Bn 396.79 Mn 475.11 Mn
10 Tilray Brands - - 54.95 Mn 81.34 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 81.34 Mn
Nov 30, 2025 79.78 Mn
Aug 31, 2025 55.38 Mn
May 31, 2025 1.51 Bn
Feb 28, 2025 811.94 Mn
Nov 30, 2024 103.44 Mn
Aug 31, 2024 96.28 Mn
May 31, 2024 98.88 Mn
Feb 29, 2024 131.49 Mn
Nov 30, 2023 89.17 Mn
Aug 31, 2023 78.56 Mn
May 31, 2023 157.14 Mn
Feb 28, 2023 1.20 Bn
Nov 30, 2022 94.67 Mn
Aug 31, 2022 69.79 Mn
May 31, 2022 460.69 Mn
Feb 28, 2022 57.91 Mn
Nov 30, 2021 88.30 Mn
Aug 31, 2021 120.32 Mn
May 31, 2021 96.19 Mn