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

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

Tilray Brands' (TLRY) quarterly Operating Expenses came in at $107.0 million in Q2 2026, down 92.92% on a YoY basis from $1.5 billion in Q2 2025, and up 31.52% quarter-over-quarter from $81.3 million in Q1 2026.

Analysis

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

Tilray Brands (TLRY) has reported Operating Expenses for 10 consecutive years, with $107.0 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses fell 92.92% year-over-year to $107.0 million; the trailing twelve-month figure through May 2026 stood at $323.5 million (down 87.18% YoY), and the FY2026 full-year result was $323.5 million, down 87.18% from the prior year.
  • Operating Expenses improved to $107.0 million in Q2 2026 per TLRY's latest filing, from $81.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.5 billion in Q2 2025 and bottomed at $55.4 million in Q3 2025.
  • Historically, Operating Expenses has averaged $293.3 million across 5 years, with a median of $97.6 million in 2024.
  • The sharpest annual moves came in 2023 and 2026: Operating Expenses surged 1963.65% in 2023, then sank 92.92% in 2026.
  • Over 5 years, Operating Expenses stood at $94.7 million in 2022, then retreated by 5.81% to $89.2 million in 2023, then rose by 16.0% to $103.4 million in 2024, then dropped by 22.88% to $79.8 million in 2025, then jumped by 34.09% to $107.0 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $107.0 million, $81.3 million, and $79.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Curaleaf Holdings 2.66 Bn 2.56 Bn 169.91 Mn 165.69 Mn
2 Trulieve Cannabis 2.27 Bn 1.94 Bn 162.29 Mn 532.81 Mn
3 Green Thumb Industries 1.71 Bn 1.42 Bn 137.87 Mn 117.91 Mn
4 Cronos 1.18 Bn 379.85 Mn 28.45 Mn 21.05 Mn
5 Glass House Brands 666.14 Mn 647.59 Mn 15.77 Mn 18.76 Mn
6 Vireo Growth 545.10 Mn 402.80 Mn 95.30 Mn 101.60 Mn
7 Tilray Brands 470.81 Mn 236.18 Mn 90.52 Mn 106.98 Mn
8 Verano Holdings 434.44 Mn 349.24 Mn 99.70 Mn 96.56 Mn
9 Canopy Growth 406.26 Mn 159.25 Mn 16.08 Mn 32.06 Mn
10 Sndl 362.57 Mn 230.02 Mn 40.74 Mn 31.60 Mn
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 106.98 Mn
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