Tilray Brands annual free cash flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Tilray Brands Free Cash Flow (FCF) History (TLRY)
Tilray Brands reported −$127.5M in free cash flow for fiscal 2025, a decrease of $67.4M from the previous fiscal year, with a free cash flow margin of −15.53%.
View full Tilray Brands company overviewTilray Brands free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-05-31 | −$127.5M | −$67.4M | — | −15.53% |
| 2024 | 2024-05-31 | −$60.2M | −$47.3M | — | −7.62% |
| 2023 | 2023-05-31 | −$12.9M | $198.4M | — | −2.06% |
| 2022 | 2022-05-31 | −$211.3M | −$127.7M | — | −33.63% |
| 2021 | 2021-05-31 | −$83.6M | $90.4M | — | −16.29% |
| 2020 | 2020-12-31 | −$174.0M | $157.8M | — | −82.67% |
| 2019 | 2019-12-31 | −$331.8M | −$235.4M | — | −198.71% |
| 2018 | 2018-12-31 | −$96.4M | −$79.5M | — | −223.62% |
| 2017 | 2017-12-31 | −$16.9M | −$13.1M | — | −82.35% |
| 2016 | 2016-12-31 | −$3.8M | — | — | −30.10% |
Tilray Brands quarterly free cash flow
Q3.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q3.20
Q2.22
Q1.21
Q1.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q4 2025 | 2025-05-31 | −$19.1M | −$40.1M | — | −8.52% |
| Q3 2025 | 2025-02-28 | −$20.2M | $4.7M | — | −10.86% |
| Q2 2025 | 2024-11-30 | −$46.2M | −$9.9M | — | −21.88% |
| Q1 2025 | 2024-08-31 | −$42.0M | −$22.0M | — | −21.02% |
| Q4 2024 | 2024-05-31 | $21.0M | −$10.2M | −32.68% | +9.13% |
| Q3 2024 | 2024-02-29 | −$24.9M | −$5.4M | — | −13.21% |
| Q2 2024 | 2023-11-30 | −$36.3M | −$60.9M | — | −18.72% |
| Q1 2024 | 2023-08-31 | −$20.0M | $29.3M | — | −11.30% |
| Q4 2023 | 2023-05-31 | $31.2M | $57.3M | — | +16.93% |
| Q3 2023 | 2023-02-28 | −$19.5M | $31.5M | — | −13.39% |
| Q2 2023 | 2022-11-30 | $24.7M | $49.3M | — | +17.12% |
| Q1 2023 | 2022-08-31 | −$49.3M | $60.3M | — | −32.16% |
| Q4 2022 | 2022-05-31 | −$26.1M | −$10.6M | — | −17.03% |
| Q3 2022 | 2022-02-28 | −$51.0M | −$47.6M | — | −33.58% |
| Q2 2022 · Nov 30 | 2021-11-30 | −$24.7M | −$11.2M | — | −15.89% |
| Q1 2022 | 2021-08-31 | −$109.5M | −$83.7M | — | −65.20% |
| Q1 2021 · Mar 31 | 2021-03-31 | −$15.5M | $54.6M | — | −32.22% |
| Q1 2021 · Feb 28 | 2021-02-28 | −$3.4M | $42.3M | — | −2.72% |
| Q2 2022 · Nov 30 | 2020-11-30 | −$13.5M | $58.9M | — | −10.40% |
| Q3 2020 · Sep 30 | 2020-09-30 | −$25.9M | $88.3M | — | −50.30% |
| Q3 2020 · Aug 31 | 2020-08-31 | −$70.1M | $11.1M | — | −59.63% |
| Q2 2020 | 2020-06-30 | −$45.7M | $57.0M | — | −90.60% |
| Q1 2020 | 2020-03-31 | −$72.3M | −$38.5M | — | −138.81% |
| Q4 2019 | 2019-12-31 | −$114.1M | −$82.2M | — | −243.16% |
| Q3 2019 | 2019-09-30 | −$81.2M | −$47.8M | — | −158.87% |
| Q2 2019 | 2019-06-30 | −$102.6M | −$86.1M | — | −223.58% |
| Q1 2019 | 2019-03-31 | −$33.9M | −$19.3M | — | −146.97% |
| Q4 2018 | 2018-12-31 | −$31.9M | −$25.4M | — | −205.59% |
| Q3 2018 | 2018-09-30 | −$33.4M | — | — | −332.18% |
| Q2 2018 | 2018-06-30 | −$16.6M | — | — | −169.96% |
| Q1 2018 | 2018-03-31 | −$14.6M | — | — | −186.74% |
| Q3 2017 | 2017-09-30 | −$6.6M | — | — | −121.20% |
Tilray Brands free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$174.0M to −$127.5M, a net increase of $46.5M. Tilray Brands's latest reported quarter, Q4 2025, generated −$19.1M in free cash flow, a decrease of $40.1M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Tilray Brands filings at SEC.gov ↗