Tilray Reports Record Revenue for Fiscal 2026 Year End
1 report, 1 independent
Updated Wed 00:00
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What happened
Tilray announced its results for the fiscal year ending May 31, reporting record revenue of $915.5 million, marking an 11% increase from the prior fiscal year. The company also reported an 8% increase in gross profit and that adjusted EBITDA rose to $61.1 million, up from $55 million. Tilray noted that recreational cannabis accounts for less than a third of its sales, with operational improvements driven by non-recreational businesses.
From fool.com
Why it matters
Despite the record results, the company faces ongoing share dilution issues. Management guidance calls for Tilray's revenue to reach $1 billion this fiscal year.
From fool.com
Who's involved
- TilrayPharmaceutical and cannabis company reporting quarterly earnings
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The entities involved
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Tilray
pharmaceutical and cannabis company