← Tilray Brands, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $2.3m | $2.3m | $96.8m | $189.7m | $488.5m | $415.9m | $206.6m | $228.3m | $221.7m | $226.0m | |
| Prepaid Expense and Other Assets, Current | — | $545k | $38.2m | $34.6m | $48.9m | $46.8m | $37.7m | $31.3m | $34.1m | — | |
| Accounts receivable, net | $983k | $16.5m | $36.2m | $29.0m | $87.3m | $95.3m | $86.2m | $101.7m | $121.5m | $189.2m | |
| Prepaids and other current assets | $545k | $3.0m | $38.2m | $34.6m | $48.9m | $46.8m | $37.7m | $31.3m | $34.1m | $64.7m | |
| Convertible notes receivable | — | — | — | $10.6m | $2.5m | $111.2m | $103.4m | $32.0m | $0 | — | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | — | ($6.6m) | ($7.7m) | ($3.7m) | ($3.2m) | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $448.5m | $260.5m | $256.4m | $231.3m | |
| Gross Accounts Receivable | — | — | — | — | — | — | $92.9m | $109.4m | $125.2m | $192.3m | |
| Other Inventories | — | — | — | — | — | — | $59.0m | $85.3m | $94.9m | $109.3m | |
| Other Short Term Investments | — | — | — | — | — | — | $241.9m | $32.2m | $34.7m | $5.3m | |
| Inventory, Net | $7.4m | $7.4m | $87.9m | $93.6m | $256.4m | $245.5m | $200.6m | $252.1m | $270.9m | $301.2m | |
| Assets, Current | — | $12.4m | $259.0m | $347.0m | $883.6m | $803.5m | $773.0m | $677.7m | $688.6m | — | |
| Total current assets | $12.4m | $554.3m | $259.0m | $347.0m | $883.6m | $803.5m | $773.0m | $677.7m | $688.6m | — | |
| Long-term investments | — | — | — | $19.6m | $17.7m | $10.1m | $7.8m | $7.9m | $10.1m | — | |
| Property, Plant and Equipment, Net | — | $40.0m | $184.2m | $199.6m | $650.7m | $587.5m | $429.7m | $558.2m | $568.4m | — | |
| Goodwill | — | — | $163.3m | $166.9m | $2.8b | $2.6b | $2.0b | $2.0b | $752.4m | $752.4m | |
| Intangible Assets, Net (Excluding Goodwill) | $934k | $934k | $228.8m | $186.4m | $1.6b | $1.3b | $973.8m | $915.5m | $21.4m | $43.5m | |
| Goodwill And Other Intangible Assets | — | — | — | — | — | — | $3.0b | $2.9b | $773.8m | $795.8m | |
| Operating Lease, Right-of-Use Asset | — | — | $17.5m | $18.0m | $18.3m | $13.0m | $5.9m | $16.1m | $22.3m | — | |
| Other Assets, Noncurrent | — | — | $7.9m | $4.4m | $8.3m | $314k | $222k | $5.4m | $11.1m | — | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | $983k | $36.2m | $29.0m | $87.3m | $95.3m | $86.2m | $101.7m | $121.5m | — | |
| Marketable securities | — | — | — | — | — | $0 | $241.9m | $32.2m | $34.7m | — | |
| Assets held for sale | — | — | — | — | — | — | $0 | $32.1m | $5.8m | $2.4m | |
| Capital assets | — | — | — | $420.7m | $650.7m | $587.5m | $429.7m | $558.2m | $568.4m | — | |
| Bank indebtedness | — | — | — | $389k | $8.7m | $18.1m | $23.4m | $18.0m | $7.2m | — | |
| Contingent consideration | — | — | — | — | $60.7m | $16.0m | $10.9m | $0 | $15.0m | — | |
| Warrant liability | — | — | — | $120.6m | $78.2m | $14.3m | $1.8m | $3.3m | $1.1m | — | |
| Operating and Finance Lease Liability, Current | — | — | — | $954k | $4.3m | $6.7m | $2.4m | $5.1m | $6.9m | — | |
| Deduct - current portion | — | — | — | — | — | $0 | $174.4m | $330k | $0 | — | |
| Operating and Finance Lease Liability, Noncurrent | — | — | — | $4.2m | $53.9m | $11.3m | $7.9m | $60.4m | $64.9m | — | |
| Convertible debentures payable | — | — | — | — | — | $401.9m | $221.0m | $129.6m | $86.4m | — | |
| Preferred shares ($0.0001 par value; 10,000,000 preferred shares authorized; nil and nil preferred shares issued and outstanding, respectively) | — | — | — | — | — | — | 0 | 0 | 0 | — | |
| Non-controlling interests | — | — | — | $27.0m | $6.2m | $42.6m | $14.3m | $272k | ($21.9m) | — | |
| Accumulated Depreciation | — | — | — | — | — | — | ($146.8m) | ($189.6m) | ($236.3m) | ($288.7m) | |
| Available For Sale Securities | — | — | — | — | — | — | $7.8m | $7.9m | $10.1m | $6.6m | |
| Capital Lease Obligations | — | — | — | — | — | — | $10.4m | $65.5m | $71.9m | $171.5m | |
| Construction In Progress | — | — | — | — | — | — | $8.0m | $10.7m | $11.2m | $10.0m | |
| Current Accrued Expenses | — | — | — | — | — | — | $100.3m | $127.2m | $121.3m | $171.1m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | $2.4m | $5.1m | $6.9m | $13.4m | |
| Current Debt | — | — | — | — | — | — | $221.8m | $33.9m | $21.9m | $26.9m | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | $224.3m | $39.0m | $28.9m | $40.3m | |
| Finished Goods | — | — | — | — | — | — | $130.7m | $153.0m | $152.0m | $153.6m | |
| Gross PPE | — | — | — | — | — | — | $582.4m | $763.9m | $827.0m | $1.0b | |
| Income Tax Payable | — | — | — | — | — | — | $14.9m | $4.1m | $58k | $12.7m | |
| Interest Payable | — | — | — | — | — | — | $8.1m | $4.2m | $4.2m | $3.3m | |
| Invested Capital | — | — | — | — | — | — | $3.9b | $3.8b | $1.8b | $1.8b | |
| Investmentin Financial Assets | — | — | — | — | — | — | $7.8m | $7.9m | $10.1m | $6.6m | |
| Investments And Advances | — | — | — | — | — | — | $12.4m | $7.9m | $10.1m | $6.6m | |
| Land And Improvements | — | — | — | — | — | — | $30.6m | $45.6m | $44.5m | $59.8m | |
| Leases | — | — | — | — | — | — | $7.8m | $19.4m | $20.4m | $33.0m | |
| Line Of Credit | — | — | — | — | — | — | $23.4m | $18.0m | $7.2m | $8.8m | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | $7.9m | $60.4m | $64.9m | $158.2m | |
| Long Term Equity Investment | — | — | — | — | — | $5.0m | $4.6m | $0 | — | — | |
| Machinery Furniture Equipment | — | — | — | — | — | — | $344.6m | $369.6m | $407.6m | $464.4m | |
| Net Debt | — | — | — | — | — | — | $373.1m | $93.5m | $35.2m | $912k | |
| Net PPE | — | — | — | — | — | — | $435.6m | $574.3m | $590.7m | $722.5m | |
| Net Tangible Assets | — | — | — | — | — | — | $333.1m | $518.6m | $737.7m | $818.5m | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | $167.4m | $130.9m | $3.7m | $12.3m | |
| Non Current Note Receivables | — | — | — | — | — | $111.2m | $103.4m | $32.0m | $0 | — | |
| Ordinary Shares Number | — | — | — | — | — | — | $65.7m | $83.2m | $105.9m | $131.1m | |
| Other Current Borrowings | — | — | — | — | — | — | $198.5m | $15.8m | $14.8m | $18.2m | |
| Other Current Liabilities | — | — | — | — | — | $30.3m | $18.0m | $18.3m | $16.1m | — | |
| Other Equity Adjustments | — | — | — | — | — | — | ($46.6m) | ($43.5m) | ($43.1m) | ($44.2m) | |
| Other Non Current Assets | — | — | — | — | — | — | $222k | $5.4m | $11.1m | $11.0m | |
| Other Non Current Liabilities | — | — | — | — | — | — | $11.1m | $90k | $855k | $4.4m | |
| Other Properties | — | — | — | — | — | — | $191.4m | $318.6m | $343.2m | $444.1m | |
| Properties | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Raw Materials | — | — | — | — | — | — | $10.9m | $13.8m | $24.0m | $38.3m | |
| Restricted Cash | — | — | — | — | — | — | — | — | $0 | $3.4m | |
| Share Issued | — | — | — | — | — | — | $65.7m | $83.2m | $106.1m | $131.1m | |
| Tangible Book Value | — | — | — | — | — | — | $333.1m | $518.6m | $737.7m | $818.5m | |
| Working Capital | — | — | — | — | — | — | $340.1m | $378.5m | $408.3m | $433.8m | |
| Accrued Liabilities, Current | — | — | — | — | $112.6m | $57.5m | $82.2m | $92.4m | $103.3m | — | |
| Total Tilray Brands, Inc. stockholders' equity | ($4.9m) | $197.7m | $285.3m | $373.9m | $4.5b | $4.4b | $3.3b | $3.4b | $1.5b | — | |
| Total Capitalization | — | — | — | — | — | — | $3.7b | $3.7b | $1.7b | $1.8b | |
| Total Debt | — | — | — | — | — | — | $590.1m | $387.3m | $328.7m | $398.4m | |
| Total Non Current Assets | — | — | — | — | — | — | $3.5b | $3.5b | $1.4b | $1.5b | |
| Total Tax Payable | — | — | — | — | — | — | $19.6m | $9.4m | $6.7m | $32.4m | |
| Assets | $53.9m | $53.9m | $896.3m | $945.9m | $6.0b | $5.4b | $4.3b | $4.2b | $2.1b | $2.3b | |
| LIABILITIES AND EQUITY | |||||||||||
| Total liabilities and stockholders' equity | $53.9m | $656.7m | $896.3m | $945.9m | $6.0b | $5.4b | $4.3b | $4.2b | $2.1b | — | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $2.5m | $2.9m | $3.6m | $6.7m | — | $4.0m | $5.4m | — | |
| Accounts Payable, Current | — | $5.6m | $39.1m | $17.8m | $57.7m | $68.6m | $70.8m | $105.4m | $107.3m | $114.5m | |
| Operating Lease, Liability, Noncurrent | — | — | $15.3m | $15.3m | $18.5m | $11.3m | — | $16.5m | $20.6m | — | |
| Long-term Debt, Excluding Current Maturities | — | $9.4m | — | $94.0m | $167.5m | $117.9m | $136.9m | $158.4m | $148.5m | $200.0m | |
| Long-term Debt, Current Maturities | — | $9.4m | — | — | $36.6m | $67.8m | — | — | — | — | |
| Accounts payable and accrued liabilities | — | — | — | $112.4m | $212.8m | $157.4m | $190.7m | $242.0m | $235.3m | — | |
| Current portion of long-term debt | $9.4m | — | — | $6.1m | $36.6m | $67.8m | $24.1m | $15.5m | $14.8m | — | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $190.7m | $242.0m | $235.3m | $318.1m | |
| Liabilities, Current | — | $50.2m | $92.4m | $181.3m | $401.2m | $280.3m | $433.0m | $299.2m | $280.3m | — | |
| Total current liabilities | $50.2m | $25.9m | $92.4m | $181.3m | $401.2m | $280.3m | $433.0m | $299.2m | $280.3m | — | |
| Deferred Income Tax Liabilities, Net | — | — | — | $49.3m | $265.8m | $196.6m | $167.4m | $130.9m | $3.7m | — | |
| Other Liabilities, Noncurrent | — | — | $86k | $4.6m | $3.9m | $191k | $215k | $90k | $855k | — | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | $365.9m | $348.4m | $299.8m | $358.1m | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | $167.4m | $130.9m | $3.7m | $12.3m | |
| Deferred Tax Liabilities, Net | — | — | $53.4m | $49.3m | $265.6m | $196.6m | $167.4m | $130.9m | $3.7m | — | |
| Liabilities | $58.8m | $58.8m | $611.1m | $572.0m | $1.6b | $1.0b | $977.3m | $778.5m | $584.8m | $733.1m | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | — | — | — | — | $46k | $53k | $66k | $83k | $106k | — | |
| Additional Paid in Capital | $31.7m | $31.7m | $705.7m | $1.1b | $4.8b | $5.4b | $5.8b | $6.1b | $6.4b | $6.6b | |
| Retained Earnings (Accumulated Deficit) | ($40.5m) | ($40.5m) | ($430.1m) | ($730.1m) | ($486.1m) | ($962.9m) | ($2.4b) | ($2.7b) | ($4.8b) | ($5.0b) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | $3.9m | $9.7m | $8.2m | $152.7m | ($20.8m) | ($46.6m) | ($43.5m) | ($43.1m) | — | |
| Common stock ($0.0001 par value; 1,416,000,000 common shares authorized; 1,060,678,745 and 831,925,373 common shares issued and outstanding, respectively) | — | 10k | 11k | 16k | 46k | 53k | 66k | 83k | 106k | — | |
| Treasury Stock (2,004,218 and nil treasury shares issued and outstanding, respectively) | — | — | — | — | — | — | — | 0 | 0 | 0 | |
| Accumulated other comprehensive loss | $3.9m | $3.8m | $9.7m | $8.2m | $152.7m | ($20.8m) | ($46.6m) | ($43.5m) | ($43.1m) | — | |
| Capital Stock | — | — | — | — | — | — | $66k | $83k | $106k | $132k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | — | ($46.6m) | ($43.5m) | ($43.1m) | ($44.2m) | |
| Stockholders' Equity Attributable to Parent | — | ($4.9m) | $285.3m | $373.9m | $4.5b | $4.4b | $3.3b | $3.4b | $1.5b | — | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | $6.2m | $42.6m | $14.3m | $272k | ($21.9m) | — | |
| Minority Interest | — | — | — | — | — | — | $14.3m | $272k | ($21.9m) | ($19.5m) | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $3.3b | $3.4b | $1.5b | $1.6b | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $544.3m | $479.3m | $304.4m | $374.8m | |
| Total stockholders' equity | — | — | — | $1.3b | $4.5b | $4.4b | $3.3b | $3.4b | $1.5b | — | |
| Liabilities and Equity | — | $53.9m | $896.3m | $945.9m | $6.0b | $5.4b | $4.3b | $4.2b | $2.1b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.