v3.25.2
Consolidated Statements of Loss and Comprehensive Loss - USD ($)
$ in Thousands
 12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Net revenue $ 821,309 $ 788,942 $ 627,124
Cost of goods sold 580,739 565,591 480,164
Gross profit 240,570 223,351 146,960
Operating expenses:      
General and administrative 167,324 167,358 165,159
Selling 56,039 37,233 34,840
Amortization 88,616 84,752 93,489
Marketing and promotion 37,048 41,933 30,937
Research and development 284 635 682
Change in fair value of contingent consideration 0 (15,790) 855
Asset Impairment Charges 2,096,139 0 934,001
Other than temporary change in fair value of convertible notes receivable 21,661 42,681 246,330
Litigation costs, net of recoveries 17,347 8,251 (505)
Restructuring costs 34,283 15,581 9,245
Transaction costs (income), net 4,534 15,462 1,613
Total operating expenses 2,523,275 398,096 1,516,645
Operating loss (2,282,705) (174,745) (1,369,685)
Interest expense, net (29,952) (36,433) (13,587)
Non-operating income (expense), net 10,284 (37,842) (66,909)
Loss before income taxes (2,302,373) (249,020) (1,450,181)
Income tax (recovery) expense (121,017) (26,616) (7,181)
Net loss (2,181,356) (222,404) (1,443,000)
Total net income (loss) attributable to:      
Stockholders of Tilray Brands, Inc. (2,186,738) (244,981) (1,452,656)
Non-controlling interests 5,382 22,577 9,656
Other comprehensive gain (loss), net of tax      
Foreign currency translation gain (loss) 430 3,121 (83,533)
Unrealized gain (loss) on convertible notes receivable 0 0 75,177
Total other comprehensive gain (loss), net of tax 430 3,121 (8,356)
Comprehensive loss (2,180,926) (219,283) (1,451,356)
Total comprehensive income (loss) attributable to:      
Stockholders of Tilray Brands, Inc. (2,186,302) (241,870) (1,478,502)
Non-controlling interests $ 5,376 $ 22,587 $ 27,146
Weighted average number of common shares - basic (in shares) 890,326,017 742,649,477 617,982,589
Weighted average number of common shares - diluted (in shares) 890,326,017 742,649,477 617,982,589
Net loss per share - basic (in dollars per share) $ (2.46) $ (0.33) $ (2.35)
Net loss per share - diluted (in dollars per share) $ (2.46) $ (0.33) $ (2.35)