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biote vs Tilray Brands: revenue, profit, margins and growth compared

biote brought in $192.2M of revenue in fiscal 2025, Tilray Brands $915.5M in fiscal 2026. Revenue changed by -2.5% at biote and +11.5% at Tilray Brands on the year before, so Tilray Brands grew faster. biote kept 14.1% of its revenue as net profit, Tilray Brands -13.3%.

Side by side, latest fiscal year

BTMDTLRY
Fiscal year endedFY2025 (December 31, 2025)FY2026 (May 31, 2026)
Revenue$192.2M$915.5M
Revenue growth-2.5%+11.5%
Net income$27M-$121.4M
Net margin14.1%-13.3%
Free cash flow$30.2Mn/a
Free cash flow margin15.7%n/a
Earnings per share (diluted)$0.74-$1.09
Cash$24.1M$226M
Debt$103.1Mn/a
Price to earnings1.6n/a
Market value$43.8M$481.2M
Dividend yieldn/an/a
Rank by revenue in sector#256 of 523 · Health care#151 of 523 · Health care

Over the years

Revenue
BTMD FY2021: $139.4MBTMD FY2022: $165MBTMD FY2023: $185.4MBTMD FY2024: $197.2MBTMD FY2025: $192.2MTLRY FY2021: $405.3MTLRY FY2020: $210.5MTLRY FY2021: $513.1MTLRY FY2022: $628.4MTLRY FY2023: $627.1MTLRY FY2024: $788.9MTLRY FY2025: $821.3MTLRY FY2026: $915.5MFY20FY21FY22FY23FY24FY25FY26
BTMD $192.2MTLRY $915.5M
Net income
BTMD FY2021: $11.1MBTMD FY2022: -$969KBTMD FY2023: $3.3MBTMD FY2024: $3.2MBTMD FY2025: $27MTLRY FY2021: -$102.5MTLRY FY2020: -$271.1MTLRY FY2021: -$367.4MTLRY FY2022: -$476.8MTLRY FY2023: -$1.5BTLRY FY2024: -$245MTLRY FY2025: -$2.2BTLRY FY2026: -$121.4MFY20FY21FY22FY23FY24FY25FY26
BTMD $27MTLRY -$121.4M
Net margin
BTMD FY2021: 8.0%BTMD FY2022: -0.6%BTMD FY2023: 1.8%BTMD FY2024: 1.6%BTMD FY2025: 14.1%TLRY FY2021: -25.3%TLRY FY2020: -128.8%TLRY FY2021: -71.6%TLRY FY2022: -75.9%TLRY FY2023: -231.6%TLRY FY2024: -31.1%TLRY FY2025: -266.3%TLRY FY2026: -13.3%FY20FY21FY22FY23FY24FY25FY26
BTMD 14.1%TLRY -13.3%
Revenue growth
BTMD FY2022: +18.3%BTMD FY2023: +12.4%BTMD FY2024: +6.4%BTMD FY2025: -2.5%TLRY FY2020: -48.1%TLRY FY2021: +143.8%TLRY FY2022: +22.5%TLRY FY2023: -0.2%TLRY FY2024: +25.8%TLRY FY2025: +4.1%TLRY FY2026: +11.5%FY20FY21FY22FY23FY24FY25FY26
BTMD -2.5%TLRY +11.5%
Free cash flow
BTMD FY2021: $32.3MBTMD FY2022: -$9.5MBTMD FY2023: $26.5MBTMD FY2024: $38.8MBTMD FY2025: $30.2MTLRY FY2021: -$199.4MTLRY FY2020: -$174MTLRY FY2021: -$83.6MTLRY FY2022: -$211.3MTLRY FY2023: -$12.9MTLRY FY2024: -$60.2MTLRY FY2025: -$127.5MFY20FY21FY22FY23FY24FY25
BTMD $30.2MTLRY -$127.5M

Fiscal years as each company reports them; the two may end in different months.

Questions about biote and Tilray Brands

Which is bigger by revenue, biote or Tilray Brands?

Tilray Brands is bigger by revenue: $915.5M in fiscal 2026, against $192.2M for biote in fiscal 2025.

Which keeps more of its revenue as profit, biote or Tilray Brands?

biote had a net margin of 14.1% in fiscal 2025; Tilray Brands had -13.3% in fiscal 2026.

Which grew revenue faster, biote or Tilray Brands?

In their latest fiscal years revenue changed by -2.5% at biote and +11.5% at Tilray Brands.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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