Tilray Delivers Q1 Earnings Surprise, Strengthens Balance Sheet With Lower Debt

Tilray Brands Inc. (NASDAQ:TLRY) stock is surging on Thursday after the cannabis company reported better-than-expected first-quarter 2026 earnings.The company reported a break-even versus a consensus loss of 2 cents per share. It reported adjusted net income of $3.9 million in the first quarter compared to adjusted net loss of $(6.1) million.Adjusted EBITDA increased 9% year over year to $10.2 million in the first quarter, compared to $9.3 million.Net revenue increased 5% to $209.5 million in the first quar ...