---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-000152"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T05:20:16.506550+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tilray Brands Q2 revenue up 9% to $211M; gross profit +29%; reaffirms FY2025 guidance

## Summary
- Net revenue $211M (record Q2), +9% YoY; gross margin 29% vs 24% prior year.
- Net loss $(85)M includes $75M non-cash items; adj net loss $(2)M, adj EPS $(0.00).
- Beverage segment +36% to $63M; int'l cannabis +25%; wellness +13%; cannabis flat at $66M.
- Project 420 synergy plan achieved $17M of $25M target; reaffirms FY2025 revenue guidance $950M-$1B.
- Adjusted EBITDA $9M vs $10M prior year, impacted by $1.8M SKU rationalization cost.

## SEC filing metadata
- accession: 0001171843-25-000152
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000117184325000152/0001171843-25-000152-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000117184325000152/f8k_011025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-000152
- JSON: https://secwatch.observer/filing/0001171843-25-000152.json
- Plain text: https://secwatch.observer/filing/0001171843-25-000152.txt

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