---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-26-006527"
form_type: "8-K"
ticker: "TLRY"
cik: "0001731348"
company_name: "Tilray Brands, Inc."
filed_at: "2026-10-08T11:00:19+00:00"
generated_at: "2026-10-12T15:39:36.929377+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tilray Q1 FY27 revenue up 23% to $257.1M; net loss $40M on non-cash charges, BrewDog lifts beverage

## Summary
- Net revenue $257.1M, up 23% YoY from $209.5M; gross profit $77.5M (+35%) with gross margin expanding ~300 bps to 30%.
- Net loss $40.0M, or $0.32 per share, driven predominantly by non-cash charges; adjusted net loss $3.0M, or $0.02/sh.
- Adjusted EBITDA $9.2M vs $10.2M a year ago, burdened by ~$1.7M of global fuel surcharges.
- Beverage revenue jumped 82% to $101.5M on the BrewDog acquisition; beverage gross margin 41% and BrewDog reached profitability in Q1.
- Cannabis revenue fell to $56.1M from $64.5M though cannabis gross margin rose to 39%; EMEA revenue +71%; distribution revenue +14% to $84.3M; wellness flat at $15.3M.

## SEC filing metadata
- accession: 0001171843-26-006527
- form_type: 8-K
- ticker: TLRY
- cik: 0001731348
- company_name: Tilray Brands, Inc.
- filed_at: 2026-10-08T11:00:19+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1731348/000117184326006527/0001171843-26-006527-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1731348/000117184326006527/f8k_100826.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-26-006527
- JSON: https://secwatch.observer/filing/0001171843-26-006527.json
- Plain text: https://secwatch.observer/filing/0001171843-26-006527.txt

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