Canadian cannabis firm Tilray's Q1 revenue up 5%, net income $1.5 mln

Overview

• Tilray fiscal Q1 2026 net revenue rises 5% yr/yr to $209.5 mln

• Net income for fiscal Q1 2026 was $1.5 mln, a turnaround from a net loss

• Adjusted EBITDA for fiscal Q1 2026 increased 9% to $10.2 mln

Outlook

• Tilray reiterates fiscal year 2026 adjusted EBITDA outlook of $62 mln to $72 mln

Result Drivers

• OPERATIONAL EFFICIENCIES - Co attributes net income improvement to operational efficiencies and focus on profitability

• CANADIAN CANNABIS GROWTH - Canadian adult-use cannabis gross revenue increased 12%, maintaining #1 position in revenue and expanding market share

• INTERNATIONAL REVENUE - International cannabis revenue grew 10% yr/yr

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for Tilray Brands Inc is C$1.36, about 77.2% below its October 8 closing price of C$2.41

Press Release: ID:nGNE6NjhVB

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