TLRY (TLRY) financial statements
TLRY reported revenue of $915M in fiscal 2026, up 19.9% a year over 9 years.
Net income was -$121M and the operating margin -6.9%, against -77.5% in 2019.
The diluted share count rose 450% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from TLRY's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $179M | $167M | $405M | $210M | $513M | $628M | $627M | $789M | $821M | $915M |
| Cost of revenue | $136M | $190M | $309M | $186M | $390M | $512M | $480M | $566M | $581M | $655M |
| Gross profit | $44M | -$23M | $96M | $25M | $123M | $117M | $147M | $223M | $241M | $260M |
| Research and development | $1M | $9M | $2M | $4M | $830,000 | $2M | $682,000 | $635,000 | $284,000 | $361,000 |
| Selling, general and admin | $80M | $175M | $113M | $141M | $138M | $198M | $200M | $205M | $223M | $253M |
| Operating income | -$139M | -$304M | -$104M | -$201M | -$132M | -$610M | -$1.4B | -$175M | -$2.3B | -$63M |
| Interest expense | — | — | $26M | — | $31M | $40M | $47M | $49M | $41M | $30M |
| Pre-tax income | -$38M | -$330M | -$109M | -$277M | -$345M | -$441M | -$1.5B | -$249M | -$2.3B | -$88M |
| Income tax | -$2M | -$8M | -$8M | -$6M | -$9M | -$7M | -$7M | -$27M | -$121M | $17M |
| Net income | -$25M | -$321M | -$103M | -$271M | -$367M | -$477M | -$1.5B | -$245M | -$2.2B | -$121M |
| EPS (diluted) | -$1.80 | -$32.00 | -$4.70 | -$21.50 | -$13.60 | -$9.90 | -$23.50 | -$3.30 | -$24.56 | -$1.09 |
| Diluted shares | 20M | 10M | 22M | 13M | 27M | 48M | 62M | 74M | 89M | 112M |
| Gross margin | 24.3% | -14.1% | 23.7% | 11.7% | 24.0% | 18.6% | 23.4% | 28.3% | 29.3% | 28.4% |
| Operating margin | -77.5% | -182.1% | -25.7% | -95.6% | -25.8% | -97.1% | -218.4% | -22.1% | -277.9% | -6.9% |
| Net margin | -14.0% | -192.3% | -25.3% | -128.8% | -71.6% | -75.9% | -231.6% | -31.1% | -266.3% | -13.3% |
Balance sheet
Fiscal years, from TLRY's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $97M | $361M | $190M | $488M | $416M | $449M | $261M | $256M | $231M |
| Receivables | — | $36M | $38M | $29M | $87M | $95M | $86M | $102M | $121M | $189M |
| Inventory | — | $88M | $140M | $94M | $256M | $246M | $201M | $252M | $271M | $301M |
| Total current assets | — | $259M | $582M | $347M | $884M | $804M | $773M | $678M | $689M | $792M |
| Property, plant and equipment | $365M | $184M | $421M | $200M | $651M | $587M | $430M | $558M | $568M | $680M |
| Goodwill | — | $163M | $447M | $167M | $2.8B | $2.6B | $2.0B | $2.0B | $752M | $752M |
| Total assets | — | $896M | $1.7B | $946M | $6.0B | $5.4B | $4.3B | $4.2B | $2.1B | $2.3B |
| Total current liabilities | — | $92M | $120M | $181M | $401M | $280M | $433M | $299M | $280M | $358M |
| Long-term debt | — | — | $94M | — | $167M | $118M | — | — | — | $120M |
| Total liabilities | — | $611M | $463M | $572M | $1.6B | $1.0B | $977M | $778M | $585M | $733M |
| Shareholders' equity | $1.2B | $285M | $1.2B | $374M | $4.5B | $4.4B | $3.3B | $3.4B | $1.5B | $1.6B |
| Net debt | — | -$97M | -$260M | -$190M | -$284M | -$230M | -$207M | -$228M | -$222M | -$106M |
Cash flow
Fiscal years, from TLRY's 10-K filings with the SEC.
| Fiscal year | 2019 | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$42M | -$258M | -$101M | -$129M | -$45M | -$177M | $8M | -$31M | -$95M | -$69M |
| Capital spending | $156M | $74M | $99M | $45M | $39M | $34M | $21M | $29M | $33M | — |
| Free cash flow | -$198M | -$332M | -$199M | -$174M | -$84M | -$211M | -$13M | -$60M | -$128M | — |
| Stock-based compensation | $22M | $32M | $18M | $30M | $17M | $36M | $40M | $32M | $24M | $46M |
| Net borrowing | — | — | — | — | $8M | $9M | $5M | -$5M | -$11M | $2M |
| Free cash flow margin | -110.3% | -198.7% | -49.2% | -82.7% | -16.3% | -33.6% | -2.1% | -7.6% | -15.5% | — |
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Open TLRY in InvestinglyQuestions
What was TLRY's revenue in 2026?
$915M in fiscal 2026, from its 10-K filing.
From TLRY's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.