MarketCap
Facebook
X
Telegram
Tilray Balance Sheet 2025-2011 | TLRY
Brief balance sheet overview of Tilray
The balance sheet is assessed across five available annual reports spanning 2019 to 2023.
The asset base grew from $2.4 billion to $4.3 billion, or +76.4%. Average annual growth of roughly 15.2% was strong.
Liabilities grew more slowly than assets: +38% versus +76.4%. Expansion relied more on equity, improving funding quality.
The equity ratio reached 77% from 11.7%. A high capital share reduces dependence on liabilities.
Net debt to equity stands at 0x; the current burden does not look excessive.
Cash represents 4.8% of assets versus 4% initially, showing how the immediate liquidity reserve changed.
Retained earnings are negative at -$2.4 billion. This reduces the formal capital cushion, although large shareholder returns may have contributed.
What the balance sheet shows
Tilray has a solid balance sheet cushion. Capital and liquidity support development without excessive reliance on debt.
Annual Balance Sheet Tilray
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-172 M | -180 M | 16.8 M | -291 M | -321 M | 211 M | -62.2 M | -28.6 M | -46.5 M | -16.5 M | -7.05 M | -12.9 K | -10.3 K | -23.7 K | - |
Long Term Debt |
44.3 M | 43.9 M | 221 M | 118 M | 167 M | 400 M | 482 M | 28.3 M | 31.8 M | - | - | - | - | - | - |
Long Term Debt Current |
5.38 M | 4 M | 2.42 M | 6.7 M | - | - | 2.47 M | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 570 M | 96.6 M | 31.8 M | - | - | - | - | - | - |
Total Current Liabilities |
280 M | 299 M | 433 M | 280 M | 401 M | 181 M | 92.4 M | 25.9 M | - | - | - | - | - | - | - |
Total Liabilities |
585 M | 778 M | 977 M | 1.01 B | 1.56 B | 660 M | 708 M | 140 M | 42.1 M | 1.27 M | 947 K | 30 K | 11 K | 11 K | - |
Deferred Revenue |
- | - | - | - | - | - | 23.7 M | 2.61 M | 2.8 M | - | - | - | - | - | - |
Retained Earnings |
-4.85 B | -2.66 B | -2.42 B | -963 M | -486 M | -61.2 M | 12.1 M | 27.5 M | -4.12 M | -8.32 M | -8.72 M | -272 K | -140 K | -95.8 K | - |
Total Assets |
2.07 B | 4.22 B | 4.31 B | 5.45 B | 6.03 B | 2.5 B | 2.44 B | 1.31 B | 316 M | 36.3 M | 14.3 M | 184 K | 298 K | 342 K | - |
Cash and Cash Equivalents |
222 M | 228 M | 207 M | 416 M | 488 M | 190 M | 96.8 M | 487 M | - | - | - | - | - | - | - |
Book Value |
1.49 B | 3.44 B | 3.33 B | 4.44 B | 4.47 B | 1.84 B | 1.73 B | 1.17 B | 274 M | 35 M | 13.3 M | 154 K | 287 K | 331 K | - |
Total Shareholders Equity |
1.51 B | 3.44 B | 3.32 B | 4.4 B | 4.47 B | 1.27 B | 285 M | 198 M | -4.85 M | 2.53 M | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Tilray
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
43.2 M | 43.6 M | 43.2 M | 43.6 M | 44 M | 44.3 M | 44.6 M | 104 M | 43.7 M | 43.9 M | 127 M | 130 M | 121 M | 221 M | 223 M | 223 M | - | 402 M | 402 M | 152 M | 165 M | 167 M | 167 M | 15.3 M | - | 94 M | - | 14.2 M | - | - | - | 8.29 M | 9.35 M | 9.13 M | - | 9.43 M | 9.43 M | 9.43 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
549 M | 552 M | 549 M | 552 M | 562 M | 585 M | - | 701 M | 778 M | 778 M | 870 M | 778 M | 1 B | 977 M | 969 M | 991 M | 1.03 B | 1.01 B | 1.01 B | 1.29 B | 1.6 B | 1.56 B | 1.56 B | 572 M | 701 M | 724 M | 725 M | 611 M | 611 M | 611 M | 611 M | 459 M | 459 M | 459 M | 459 M | 58.8 M | 58.8 M | 58.8 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-4.92 B | -4.89 B | -4.92 B | -4.89 B | -4.85 B | -4.85 B | - | -3.57 B | -2.7 B | -2.66 B | -2.63 B | -2.66 B | -2.49 B | -2.42 B | -2.28 B | -1.11 B | -1.04 B | -963 M | -963 M | -528 M | -528 M | -486 M | -486 M | -730 M | -727 M | -725 M | -643 M | -430 M | -430 M | -430 M | -430 M | -108 M | -108 M | -108 M | -108 M | -40.5 M | -40.5 M | -40.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
2.07 B | 2.1 B | 2.07 B | 2.1 B | 2.08 B | 2.07 B | - | 3.4 B | 4.26 B | 4.22 B | 4.21 B | 4.22 B | 4.4 B | 4.31 B | 4.38 B | 5.47 B | 5.59 B | 5.45 B | 5.45 B | 5.76 B | 5.99 B | 6.03 B | 6.03 B | 946 M | 887 M | 856 M | 916 M | 896 M | 896 M | 896 M | 896 M | 657 M | 657 M | 657 M | 657 M | 53.9 M | 53.9 M | 53.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
205 M | 247 M | 205 M | 247 M | 265 M | 222 M | - | 200 M | 205 M | 228 M | 146 M | 228 M | 178 M | 207 M | 165 M | 190 M | 491 M | 416 M | 416 M | 332 M | 376 M | 488 M | 488 M | 190 M | 155 M | 137 M | 174 M | 96.8 M | 96.8 M | 96.8 M | 96.8 M | 487 M | 487 M | 487 M | 487 M | 2.32 M | 2.32 M | 2.32 M | - | 7.53 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
1.53 B | 1.55 B | 1.53 B | 1.55 B | 1.52 B | 1.49 B | - | 2.7 B | 3.48 B | 3.44 B | 3.34 B | 3.44 B | 3.4 B | 3.33 B | 3.41 B | 4.48 B | 4.56 B | 4.44 B | 4.44 B | 4.47 B | 4.39 B | 4.47 B | 4.47 B | 374 M | 187 M | 131 M | 190 M | 285 M | 285 M | 285 M | 285 M | 198 M | 198 M | 198 M | 198 M | -4.85 M | -4.85 M | -4.85 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
1.56 B | 1.58 B | 1.56 B | 1.58 B | 1.54 B | 1.51 B | 2.7 B | 2.73 B | 3.48 B | 3.44 B | 3.34 B | 3.44 B | 3.38 B | 3.32 B | 3.41 B | 4.48 B | 4.56 B | 4.4 B | 4.4 B | 4.47 B | 4.39 B | 4.47 B | 4.46 B | 374 M | 187 M | 131 M | 190 M | 285 M | 285 M | 285 M | 285 M | 198 M | 198 M | 198 M | 198 M | -4.85 M | -4.85 M | -4.85 M | - | 2.53 M | - | - | - | 9.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Tilray, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
USA
Canada
Schweden
France
Irlanda
China
