Tilray Brands (TLRY) Research & Development (2017 - 2026)
Tilray Brands' (TLRY) quarterly Research & Development came in at $2.0 million in Q2 2026, up 42.41% on a YoY basis from $1.4 million in Q2 2025, and up 92.41% quarter-over-quarter from $1.0 million in Q1 2026.
Analysis
Tilray Brands (TLRY) Research & Development (2017 - 2026) Analysis & Trends
Tilray Brands (TLRY) has reported Research & Development for 10 consecutive years, with $2.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 42.41% year-over-year to $2.0 million; the trailing twelve-month figure through May 2026 stood at $5.6 million (down 2.59% YoY), and the FY2026 full-year result was $5.6 million, down 2.59% from the prior year.
- Research & Development advanced to $2.0 million in Q2 2026 per TLRY's latest filing, from $1.0 million in the prior quarter.
- Across five years, Research & Development topped out at $2.0 million in Q2 2026 and bottomed at $1.0 million in Q1 2026.
- Historically, Research & Development has averaged $1.3 million across 5 years, with a median of $1.3 million in 2024.
- The sharpest annual moves came in 2022 and 2025: Research & Development soared 115.64% in 2022, then retreated 26.34% in 2025.
- Over 5 years, Research & Development stood at $1.2 million in 2022, then climbed by 12.72% to $1.4 million in 2023, then gained by 27.66% to $1.8 million in 2024, then declined by 26.34% to $1.3 million in 2025, then surged by 51.01% to $2.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $2.0 million, $1.0 million, and $1.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.69 Bn | 2.60 Bn | 169.91 Mn | - |
| 2 | Trulieve Cannabis | 2.31 Bn | 1.99 Bn | 162.29 Mn | - |
| 3 | Green Thumb Industries | 1.72 Bn | 1.43 Bn | 137.87 Mn | - |
| 4 | Cronos | 1.18 Bn | 383.59 Mn | 28.45 Mn | 6.79 Mn |
| 5 | Glass House Brands | 672.69 Mn | 654.14 Mn | 15.77 Mn | 357,000.00 |
| 6 | Vireo Growth | 550.06 Mn | 407.76 Mn | 95.30 Mn | - |
| 7 | Tilray Brands | 475.29 Mn | 240.66 Mn | 90.52 Mn | 1.95 Mn |
| 8 | Verano Holdings | 439.55 Mn | 354.35 Mn | 99.70 Mn | - |
| 9 | Canopy Growth | 407.36 Mn | 160.35 Mn | 16.08 Mn | - |
| 10 | Sndl | 363.80 Mn | 231.26 Mn | 40.74 Mn | 5,783.40 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 1.95 Mn |
| Feb 28, 2026 | 1.01 Mn |
| Nov 30, 2025 | 1.29 Mn |
| Aug 31, 2025 | 1.31 Mn |
| May 31, 2025 | 1.37 Mn |
| Feb 28, 2025 | 1.10 Mn |
| Nov 30, 2024 | 1.75 Mn |
| Aug 31, 2024 | 1.49 Mn |
| May 31, 2024 | 1.41 Mn |
| Feb 29, 2024 | 1.25 Mn |
| Nov 30, 2023 | 1.37 Mn |
| Aug 31, 2023 | 1.11 Mn |
| May 31, 2023 | 1.05 Mn |
| Feb 28, 2023 | 1.10 Mn |
| Nov 30, 2022 | 1.22 Mn |
| Aug 31, 2022 | 1.16 Mn |
| May 31, 2022 | 1.33 Mn |
| Feb 28, 2022 | 1.10 Mn |
| Nov 30, 2021 | 982,000.00 |
| Aug 31, 2021 | 790,000.00 |