Tilray Brands posts record Q1 revenue $257.1M and gross profit $77.5M; adjusted EBITDA reaffirmed
Tilray Brands reported Q1 2027 revenue of $257.1M, up 23% YoY, and gross profit of $77.5M with a 30% margin. The company had a net loss of $40.0M but reaffirmed adjusted EBITDA guidance of $68M-$75M. Beverage and international segments showed growth, while cannabis margins improved.
How this was made

The 30-second read
Why it matters
Earnings beat revenue expectations, margins improved, but loss persists; guidance unchanged.
Market read
Tilray's earnings may lift sentiment in the cannabis sector and influence peer valuations.
What to watch
Integration of BrewDog acquisition and debt repayment effects are not fully reflected in the earnings.
Background
Tilray Brands reported Q1 FY2027 record revenue of $257.1M, gross profit $77.5M, net loss $40M, and reaffirmed FY2027 adjusted EBITDA guidance of $68-75M.
Ticker impact
Tilray Brands reported record Q1 FY2027 revenue of $257.1M and reaffirmed FY2027 adjusted EBITDA guidance of $68-75M.
likely modest upside as investors price in revenue growth and stable guidance
Revenue growth and improved margins suggest operational progress, but ongoing loss limits bullishness.
Market effects
Positive earnings could boost broader cannabis sector sentiment.
North American cannabis market may see increased investor interest.
International investors may view Tilray's expansion as a sign of sector maturation.
Counterpoint
Continued net loss and debt reduction may indicate underlying cost pressures despite revenue growth.
Key entities
- companyTilray Brands
Cannabis producer


