v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
May 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 225,977 $ 221,666
Restricted cash 3,365 0
Marketable securities 5,289 34,697
Accounts receivable, net 189,170 121,489
Inventory 301,192 270,882
Prepaids and other current assets 64,692 34,092
Assets held for sale 2,449 5,800
Total current assets 792,134 688,626
Capital assets 680,225 568,433
Operating lease, right-of-use assets 42,318 22,279
Digital assets 674 0
Intangible assets 42,779 21,423
Goodwill 752,350 752,350
Long-term investments 6,551 10,132
Other assets 10,981 11,084
Total assets 2,328,012 2,074,327
Liabilities, Current [Abstract]    
Bank indebtedness 8,775 7,181
Accounts payable and accrued liabilities 318,088 235,322
Contingent consideration 0 15,000
Warrant liability 0 1,092
Operating and Finance Lease Liability, Current 13,357 6,941
Current portion of long-term debt 18,160 14,767
Total current liabilities 358,380 280,303
Liabilities, Noncurrent [Abstract]    
Operating and Finance Lease Liability, Noncurrent 158,155 64,925
Long-term debt 120,425 148,493
Convertible debentures payable 79,529 86,428
Deferred tax liabilities, net 12,256 3,748
Other liabilities 4,400 855
Total liabilities 733,145 584,752
Commitments and contingencies (refer to Note 27)
Stockholders' equity    
Common stock ($0.0001 par value; 1,416,000,000 common shares authorized;131,683,075 and 106,067,875 common shares issued and outstanding, respectively)(1) [1] 132 106
Treasury Stock (589,217 and 200,422 treasury shares issued and outstanding, respectively)(1) [1] 0 0
Preferred shares ($0.0001 par value; 10,000,000 preferred shares authorized; nil and nil preferred shares issued and outstanding, respectively) 0 0
Additional paid-in capital 6,627,056 6,401,657
Accumulated other comprehensive loss (44,233) (43,063)
Accumulated deficit (4,968,623) (4,847,226)
Total Tilray Brands, Inc. stockholders' equity 1,614,332 1,511,474
Non-controlling interests (19,465) (21,899)
Total stockholders' equity 1,594,867 1,489,575
Total liabilities and stockholders' equity $ 2,328,012 $ 2,074,327
[1] Current and prior year share amounts have been retrospectively adjusted to reflect the Reverse Stock Split (as defined below), which became effective on December 2, 2025. See Note 2 (Basis of preparation).