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| Date | Value |
|---|---|
| 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 |