Tilray Brands (TLRY) Cash Flow: Operating & Free Cash Flow

Tilray Brands Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Tilray Brands, Inc. (TLRY) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 2026	May 2025	May 2024	May 2023	May 2022	May 2021	Dec 2020	Dec 2019	Dec 2018	May 2017
Operating Activities
Net Income	-0.11	-3.00	-0.33	-1.96	-0.43	-0.44	-0.31	-0.07	-0.01	-0.01
Depreciation & Amortization	0.07	0.13	0.13	0.18	0.15	0.08	0.02	0.00	0.00	0.00
Deferred Income Tax	0.02	-0.12	-0.04	-0.04	-0.03	-0.03	-0.01	0.00	0.00	0.00
Stock Based Compensation	0.05	0.02	0.03	0.00	0.04	0.00	0.00	0.00	0.00	0.00
Change in Working Capital	-0.09	-0.06	-0.01	0.02	-0.09	-0.06	-0.12	-0.01	0.00	0.00
Change in Accounts Receivable	-0.07	-0.02	-0.01	0.01	-0.01	-0.03	-0.02	-0.02	0.00	0.00
Change in Inventory	-0.01	-0.01	-0.02	-0.02	-0.05	-0.04	-0.10	-0.01	0.00	0.00
Change in Accounts Payable	0.02	-0.03	0.00	0.03	-0.04	0.02	0.02	0.01	0.00	0.00
Change in Other Working Capital	-0.01	0.03	0.05	0.00	-0.04	-0.01	-0.02	0.01	0.00	0.00
Other Operating Activities	-0.01	0.03	0.05	1.82	0.16	0.40	0.17	0.04	0.00	0.00
Net Cash from Operating Activities	-0.07	-0.09	-0.03	0.01	-0.18	-0.05	-0.25	-0.05	-0.01	0.00
Investing Activities
Capital Expenditures	-0.03	-0.03	-0.03	-0.03	-0.03	-0.05	-0.07	-0.05	-0.01	0.00
Acquisitions	-0.05	-0.02	-0.06	-0.03	0.00	0.09	-0.15	0.00	0.00	0.00
Purchases of Investments	0.00	0.00	0.00	-0.33	0.00	0.00	-1.36	-0.32	0.00	0.00
Sales/Maturities of Investments	0.03	0.00	0.21	0.00	0.00	0.00	1.34	0.28	0.00	0.00
Other Investing Activities	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-0.06	-0.05	0.13	-0.38	-0.02	0.06	-0.25	-0.10	-0.01	0.00
Financing Activities
Debt Repayment	-0.03	-0.02	-0.13	-0.08	-0.13	0.06	0.00	0.42	0.01	0.01
Common Stock Issued	0.16	0.16	0.01	0.17	0.27	0.12	0.11	0.22	0.00	0.00
Common Stock Repurchased	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	0.00	0.00	0.00	0.00	-0.01	-0.03	0.00	0.00	0.00	0.00
Net Cash from Financing Activities	0.13	0.13	-0.08	0.09	0.13	0.15	0.11	0.64	0.01	0.01
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	0.00	0.32	0.01	0.00	0.00	0.00
Net Change in Cash	0.01	-0.01	0.02	-0.28	-0.07	0.47	-0.38	0.49	-0.01	0.01
Cash at Beginning of Period	0.22	0.23	0.21	0.56	0.49	0.12	0.47	0.00	0.01	0.00
Cash at End of Period	0.23	0.22	0.23	0.28	0.42	0.59	0.09	0.49	0.00	0.01
Free Cash Flow	-0.10	-0.13	-0.06	-0.02	-0.21	-0.10	-0.32	-0.10	-0.02	0.00

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Tilray Brands Cash Flow

What is Tilray Brands's free cash flow?

Tilray Brands had negative free cash flow of $102.13M in fiscal 2026 (fiscal year ended May 31, 2026), operating cash flow of −$69.14M minus $32.99M of capital expenditures.

How much does Tilray Brands spend on capital expenditures?

Tilray Brands spent $32.99M on capital expenditures in fiscal 2026, compared with $32.92M a year earlier.

Does Tilray Brands pay dividends or buy back shares?

Yes. In fiscal 2026 Tilray Brands returned $159.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition