secwatch.observer — SEC 8-K summary
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Issuer:     Tilray Brands, Inc. (TLRY)
CIK:        0001731348
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0001171843-25-004746
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tilray Q4/FY2025: net loss $1.27B on $2.1B impairment; guides FY2026 EBITDA $62-72M
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- FY2025 net revenue $821.3M (+4% YoY); Q4 net revenue $224.5M (down 2% from $229.9M).
- Q4 net loss $1.27B includes $1.4B non-cash goodwill impairment; adjusted net income $20.2M.
- Cannabis gross margin improved to 44% in Q4 (vs 40%); international cannabis revenue up 71% Q4.
- Debt reduced ~$100M; cash+marketable securities $256M; net debt/EBITDA 0.3x.
- FY2026 adjusted EBITDA guidance $62M-$72M (13-31% growth vs FY2025 $55.0M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731348/000117184325004746/0001171843-25-004746-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731348/000117184325004746/f8k_072825.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-004746

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer