Tilray Brands Stock Skyrockets On Swing To Profit, Significant Debt Reduction

Shares of Tilray Brands (TLRY) soared 19% in the pre-market session on Thursday after the company reported adjusted net income of $3.9 million for the first quarter, marking a turnaround from a loss of $6.1 million reported in the corresponding quarter of 2024.

The company’s net revenue increased 5% to $209.5 million in the quarter, driven by a rise in cannabis net revenue, and beating an analyst estimate of $206 million, according to data from Koyfin. On an adjusted basis, the company reported nil earnings per share for the quarter, compared to a loss of $0.04 in the corresponding quarter of the last fiscal year.  

The cannabis and beverage firm also said that it reduced its total outstanding debt by $7.7 million in the three months in a bid to strengthen its balance sheet. The company ended the quarter with a cash balance of $264.8 million.

On Stocktwits, retail sentiment around TLRY stock stayed within the ‘bullish’ territory over the past 24 hours, while message volume stayed at ‘high’ levels.

A Stocktwits user expressed hopes for the company's future, particularly in light of the possibility of positive cannabis legislation.

Another user expects the company to hit profitability soon.

Last month, U.S. President Donald Trump shared a video promoting cannabis use for seniors and medicaid coverage of cannabis products, sending shares of Tilray soaring.

For fiscal year 2026, the company now expects to report adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $62 million to $72 million.

TLRY stock is up by 29% this year and by about 6% over the past 12 months. 

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