Tilray Historical Income Statement

TLRY Stock

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Historical analysis of Tilray income statement accounts such as Depreciation And Amortization of 133.3 M, Selling And Marketing Expenses of 83.1 M, Gross Profit of 234.5 M or Cost Of Revenue of 593.9 M can show how well Tilray Inc performed in making a profits. Evaluating Tilray income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Tilray's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Tilray Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Tilray Inc is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Tilray Income Statement Analysis

Tilray Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Tilray shareholders. The income statement also shows Tilray investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Tilray Income Statement Chart

At this time, Tilray's Gross Profit is very stable compared to the past year. As of the 28th of November 2024, Cost Of Revenue is likely to grow to about 593.9 M, though Operating Income is likely to grow to (166 M).

Selling General Administrative Other Operating Expenses Total Operating Expenses Selling And Marketing Expenses Tax Provision

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tilray Inc. It is also known as Tilray overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most accounts from Tilray's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Tilray Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tilray Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Research Development	1.5M	682K	635K	826.6K
Total Revenue	628.4M	627.1M	788.9M	828.4M

Research Development Total Revenue

Tilray income statement Correlations

	Interest Expense	Selling General Administrative	Other Operating Expenses	Operating Income	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Depreciation And Amortization	Selling And Marketing Expenses	Gross Profit	Ebit	Cost Of Revenue	Income Tax Expense	Total Revenue	Research Development	Interest Income	Minority Interest	Tax Provision	Net Interest Income	Net Income From Continuing Ops	Reconciled Depreciation
Interest Expense		0.9	0.93	-0.07	-0.22	0.92	-0.33	-0.25	-0.33	0.83	0.93	0.94	-0.37	0.94	-0.83	0.95	0.63	0.58	-0.71	-0.93	-0.97	-0.34	0.82
Selling General Administrative	0.9		0.99	-0.42	-0.58	0.99	-0.66	-0.21	-0.66	0.94	0.99	0.95	-0.69	0.99	-0.74	0.99	0.67	0.77	-0.72	-0.9	-0.9	-0.67	0.95
Other Operating Expenses	0.93	0.99		-0.39	-0.54	1.0	-0.63	-0.25	-0.63	0.96	1.0	0.96	-0.66	1.0	-0.81	1.0	0.61	0.72	-0.77	-0.92	-0.92	-0.64	0.95
Operating Income	-0.07	-0.42	-0.39		0.9	-0.4	0.9	0.34	0.9	-0.52	-0.41	-0.34	0.88	-0.38	0.22	-0.38	0.0	-0.54	0.2	0.24	0.15	0.89	-0.53
Ebitda	-0.22	-0.58	-0.54	0.9		-0.53	0.99	0.25	0.99	-0.62	-0.54	-0.41	0.99	-0.55	0.2	-0.52	-0.25	-0.68	0.39	0.27	0.32	0.99	-0.69
Total Operating Expenses	0.92	0.99	1.0	-0.4	-0.53		-0.63	-0.2	-0.62	0.97	1.0	0.95	-0.66	0.99	-0.81	0.99	0.59	0.68	-0.79	-0.92	-0.89	-0.63	0.95
Income Before Tax	-0.33	-0.66	-0.63	0.9	0.99	-0.63		0.28	1.0	-0.71	-0.63	-0.51	1.0	-0.64	0.32	-0.61	-0.28	-0.7	0.48	0.38	0.42	1.0	-0.77
Total Other Income Expense Net	-0.25	-0.21	-0.25	0.34	0.25	-0.2	0.28		0.28	-0.15	-0.24	-0.35	0.25	-0.28	0.43	-0.3	0.16	-0.4	-0.09	0.29	0.35	0.27	-0.21
Net Income	-0.33	-0.66	-0.63	0.9	0.99	-0.62	1.0	0.28		-0.71	-0.63	-0.51	1.0	-0.63	0.32	-0.61	-0.28	-0.7	0.47	0.38	0.42	1.0	-0.76
Depreciation And Amortization	0.83	0.94	0.96	-0.52	-0.62	0.97	-0.71	-0.15	-0.71		0.96	0.88	-0.74	0.95	-0.8	0.94	0.46	0.59	-0.85	-0.85	-0.8	-0.71	0.94
Selling And Marketing Expenses	0.93	0.99	1.0	-0.41	-0.54	1.0	-0.63	-0.24	-0.63	0.96		0.96	-0.66	0.99	-0.81	0.99	0.6	0.7	-0.76	-0.92	-0.91	-0.63	0.95
Gross Profit	0.94	0.95	0.96	-0.34	-0.41	0.95	-0.51	-0.35	-0.51	0.88	0.96		-0.53	0.96	-0.81	0.98	0.64	0.75	-0.59	-0.97	-0.94	-0.52	0.87
Ebit	-0.37	-0.69	-0.66	0.88	0.99	-0.66	1.0	0.25	1.0	-0.74	-0.66	-0.53		-0.66	0.34	-0.64	-0.31	-0.7	0.51	0.41	0.44	1.0	-0.79
Cost Of Revenue	0.94	0.99	1.0	-0.38	-0.55	0.99	-0.64	-0.28	-0.63	0.95	0.99	0.96	-0.66		-0.79	1.0	0.63	0.74	-0.75	-0.91	-0.93	-0.64	0.95
Income Tax Expense	-0.83	-0.74	-0.81	0.22	0.2	-0.81	0.32	0.43	0.32	-0.8	-0.81	-0.81	0.34	-0.79		-0.81	-0.15	-0.33	0.69	0.86	0.75	0.3	-0.7
Total Revenue	0.95	0.99	1.0	-0.38	-0.52	0.99	-0.61	-0.3	-0.61	0.94	0.99	0.98	-0.64	1.0	-0.81		0.63	0.75	-0.71	-0.93	-0.94	-0.62	0.94
Research Development	0.63	0.67	0.61	0.0	-0.25	0.59	-0.28	0.16	-0.28	0.46	0.6	0.64	-0.31	0.63	-0.15	0.63		0.73	-0.24	-0.57	-0.68	-0.31	0.58
Interest Income	0.58	0.77	0.72	-0.54	-0.68	0.68	-0.7	-0.4	-0.7	0.59	0.7	0.75	-0.7	0.74	-0.33	0.75	0.73		-0.17	-0.64	-0.69	-0.72	0.72
Minority Interest	-0.71	-0.72	-0.77	0.2	0.39	-0.79	0.48	-0.09	0.47	-0.85	-0.76	-0.59	0.51	-0.75	0.69	-0.71	-0.24	-0.17		0.58	0.62	0.46	-0.76
Tax Provision	-0.93	-0.9	-0.92	0.24	0.27	-0.92	0.38	0.29	0.38	-0.85	-0.92	-0.97	0.41	-0.91	0.86	-0.93	-0.57	-0.64	0.58		0.89	0.38	-0.81
Net Interest Income	-0.97	-0.9	-0.92	0.15	0.32	-0.89	0.42	0.35	0.42	-0.8	-0.91	-0.94	0.44	-0.93	0.75	-0.94	-0.68	-0.69	0.62	0.89		0.43	-0.85
Net Income From Continuing Ops	-0.34	-0.67	-0.64	0.89	0.99	-0.63	1.0	0.27	1.0	-0.71	-0.63	-0.52	1.0	-0.64	0.3	-0.62	-0.31	-0.72	0.46	0.38	0.43		-0.77
Reconciled Depreciation	0.82	0.95	0.95	-0.53	-0.69	0.95	-0.77	-0.21	-0.76	0.94	0.95	0.87	-0.79	0.95	-0.7	0.94	0.58	0.72	-0.76	-0.81	-0.85	-0.77

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Tilray Account Relationship Matchups

Tilray income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	24.8M	30.9M	39.7M	13.6M	49.3M	51.7M
Selling General Administrative	88.3M	111.6M	162.8M	165.2M	171.6M	180.1M
Other Operating Expenses	389.1M	581.6M	856.9M	805.3M	963.7M	1.0B
Operating Income	51.5M	(4.9M)	153.3M	(1.4B)	(174.7M)	(166.0M)
Ebitda	(18.4M)	(218.4M)	(246.4M)	(889.5M)	(72.8M)	(76.5M)
Total Operating Expenses	135.8M	191.7M	345.4M	325.1M	398.1M	418.0M
Income Before Tax	(58.2M)	(345.0M)	(440.7M)	(1.5B)	(249.0M)	(261.5M)
Total Other Income Expense Net	(5.2M)	(212.8M)	169.7M	(80.5M)	(74.3M)	(70.6M)
Net Income	(61.0M)	(336.0M)	(434.1M)	(1.4B)	(245.0M)	(257.2M)
Depreciation And Amortization	15.7M	35.2M	115.2M	130.1M	126.9M	133.3M
Selling And Marketing Expenses	29.9M	44.1M	65.9M	65.8M	79.2M	83.1M
Gross Profit	137.7M	123.2M	116.8M	147.0M	223.4M	234.5M
Ebit	(34.1M)	(253.6M)	(361.6M)	(1.0B)	(199.8M)	(209.7M)
Cost Of Revenue	253.3M	389.9M	511.6M	480.2M	565.6M	593.9M
Income Tax Expense	2.8M	(9.0M)	(6.5M)	(7.2M)	(26.6M)	(25.3M)
Total Revenue	391.0M	513.1M	628.4M	627.1M	788.9M	828.4M
Research Development	1.9M	830K	1.5M	682K	635K	826.6K
Interest Income	28.0M	26.1M	11.7M	33.0M	12.8M	17.8M
Net Income Applicable To Common Shares	(25.0M)	(102.5M)	(367.4M)	(476.8M)	(429.1M)	(407.7M)
Minority Interest	27.0M	6.2M	(42.7M)	(9.7M)	(22.6M)	(21.4M)
Tax Provision	(8.5M)	(5.6M)	(6.5M)	(7.2M)	(26.6M)	(25.3M)
Net Interest Income	(26.3M)	(28.0M)	(27.9M)	(13.6M)	(36.4M)	(34.6M)
Net Income From Continuing Ops	(84.6M)	(336.0M)	(434.1M)	(1.4B)	(222.4M)	(233.5M)
Reconciled Depreciation	49.3M	67.8M	115.2M	130.1M	126.9M	81.6M

Pair Trading with Tilray

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tilray position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tilray will appreciate offsetting losses from the drop in the long position's value.

Moving against Tilray Stock

0.85	BOFA	Bank of America	Pair Corr
0.82	JPM	JPMorgan Chase	Pair Corr
0.68	TD-PFI	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.67	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.66	RY-PJ	Royal Bank Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Tilray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tilray when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tilray - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tilray Inc to buy it.

The correlation of Tilray is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tilray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tilray Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Tilray can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Tilray Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tilray's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tilray Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tilray Inc Stock:

How To Invest In Tilray

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Is Tilray Stock a good investment?

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What is Tilray's Net Worth?

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You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Please note, there is a significant difference between Tilray's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tilray is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tilray's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Tilray Historical Income Statement

About Tilray Income Statement Analysis

Tilray Income Statement Chart

Other Operating Expenses

Total Operating Expenses

Tax Provision

Tilray income statement Correlations

Tilray Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Tilray income statement Accounts

Pair Trading with Tilray

Moving against Tilray Stock

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Total Operating Expenses	+ 1.0	Other Operating Expenses
Selling And Marketing Expenses	+ 1.0	Other Operating Expenses
Cost Of Revenue	+ 1.0	Other Operating Expenses
Total Revenue	+ 1.0	Other Operating Expenses
Selling And Marketing Expenses	+ 1.0	Total Operating Expenses
Net Income	+ 1.0	Income Before Tax

Tax Provision	- 0.97	Gross Profit
Net Interest Income	- 0.97	Interest Expense
Net Interest Income	- 0.94	Total Revenue
Net Interest Income	- 0.94	Gross Profit
Tax Provision	- 0.93	Total Revenue
Net Interest Income	- 0.93	Cost Of Revenue