Tilray Posts Record $915.5 Million Fiscal 2026 Revenue as BrewDog Deal Pays Off

Tilray Brands reported record fiscal 2026 revenue of $915.5 million, up from $821.3 million a year earlier, with fourth-quarter net revenue climbing 25% to $281.7 million. Shares rose after hours following the report, as adjusted EBITDA reached a record $61.1 million for the year.

Growth was broad-based across the company's diversified platform: cannabis revenue rose 8%, beverage revenue gained 6%, pharmaceutical distribution climbed 21%, and wellness grew 9%. The beverage segment got a notable boost from the BrewDog acquisition completed during the fourth quarter, which added $51.1 million in quarterly revenue.

Tilray still posted a net loss of $105.2 million for the year, but analysts remain constructive on the long-term trajectory, pointing to strategic acquisitions and the company's expanding footprint across cannabis, beverage, hospitality and wellness.