---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004651"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:24:21.913040+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tilray Q4 revenue $184M (+20% YoY); adjusted EBITDA +93% to $22M; FY2024 guidance $68-78M

## Summary
- Record Q4 net revenue $184M, up 20% YoY; FY2023 net revenue $627M (flat YoY, constant-currency +6%).
- Cannabis Q4 revenue $64M (+21% YoY); adjusted gross margin 61% vs 53%; Canadian market share 13% post-HEXO.
- Beverage-alcohol Q4 revenue $32.4M (+43% YoY); distribution Q4 revenue $73M (+19% YoY).
- Adjusted EBITDA Q4 $22M (+93% YoY), FY2023 $61M (+28%); Q4 operating cash flow $44M vs -$21M a year ago.
- FY2024 guidance: adjusted EBITDA target $68-78M (11-27% growth) and positive adjusted free cash flow expected.

## SEC filing metadata
- accession: 0001171843-23-004651
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000117184323004651/0001171843-23-004651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000117184323004651/f8k_072623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004651
- JSON: https://secwatch.observer/filing/0001171843-23-004651.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004651.txt

## Key facts
- Earnings Releases
  Tilray Brands, Inc. reported financial results for quarter and year ended May 31, 2023.
  - Period: quarter and year ended May 31, 2023
  - Result: reported results
  source text: On July 26, 2023, Tilray Brands, Inc. (“Tilray”) issued a press release announcing financial results for its quarter and year ended May 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1731348/000117184323004651/0001171843-23-004651-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.