Tilray Q1 revenue $200M (+13%), net loss narrows; beverage alcohol up 132%

Tilray Brands, Inc.

2025-Q1 EPS reported -$0.04 revenue$200,044,000

Net revenue $200M (+13% YoY); gross margin 30% (+500 bps) to $59.7M.
Net loss improved to ($34.7M) from ($55.9M); EPS ($0.04) vs ($0.10) prior year.
Adjusted EBITDA $9.3M vs $10.7M; adjusted EPS loss ($0.01) vs ($0.04).
Beverage alcohol revenue $56M (+132% YoY); cannabis revenue $61.2M; distribution $68.1M.
German medical cannabis flower revenue grew 50% following legalization.

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