Tucows Inc. (FRA:TUQ1)

Tucows Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	54.08	56.9	92.69	23.5	9.11	8.31
Cash & Short-Term Investments	54.08	56.9	92.69	23.5	9.11	8.31
Cash Growth	-28.10%	-38.61%	294.48%	158.06%	9.55%	-59.25%
Accounts Receivable	27.98	20.88	23.62	23.56	15.36	15.54
Other Receivables	0.06	0.22	0.71	2.47	3.47	1.3
Receivables	28.04	21.1	24.33	26.03	18.83	16.84
Inventory	4.02	3.98	6.79	7.28	3.28	1.88
Prepaid Expenses	17.53	17.31	17.39	17.01	20.99	16.85
Restricted Cash	4.62	4.63	3.64	-	-	-
Other Current Assets	100.65	101.47	97.93	96.1	94.81	97.33
Total Current Assets	208.94	205.38	242.76	169.92	147	141.2
Property, Plant & Equipment	342.37	366.69	367.11	301.98	190.18	128.77
Long-Term Investments	2.01	2.01	2.01	2.01	2.01	-
Goodwill	130.41	130.41	130.41	130.41	130.41	116.3
Other Intangible Assets	20.98	24.76	29.48	39.79	50.41	47.44
Long-Term Accounts Receivable	-	-	-	2.33	-	-
Long-Term Deferred Tax Assets	-	-	-	-	0.02	0.23
Long-Term Deferred Charges	18.71	17.84	18	18.3	19.28	17.96
Other Long-Term Assets	12.07	11.71	8.65	-	0.28	-
Total Assets	735.49	758.8	798.43	664.75	539.6	451.9
Accounts Payable	9.84	9.01	12.68	17.17	10.02	6.33
Accrued Expenses	22.88	31.85	35.97	23.46	16.12	11.18
Current Portion of Long-Term Debt	-	-	-	-	-	0.1
Current Portion of Leases	5.46	5.15	5.4	4.64	3.15	1.76
Current Income Taxes Payable	2.23	0.26	1.24	2.25	0.1	0.86
Current Unearned Revenue	137.15	135.65	126.73	122.89	124.12	127.34
Other Current Liabilities	16.99	17.93	19.34	17.77	20.18	15.4
Total Current Liabilities	194.55	199.85	201.34	188.19	173.68	162.97
Long-Term Debt	611.83	604.23	544.64	329.36	190.75	121.85
Long-Term Leases	48.7	25.9	18.26	12.44	11.85	9.18
Long-Term Unearned Revenue	21.51	21.16	21.35	22.24	23.68	24.91
Long-Term Deferred Tax Liabilities	2.96	2.96	2.97	15.72	22.57	24.69
Other Long-Term Liabilities	-	-	-	0.14	1.97	3.61
Total Liabilities	879.55	854.1	788.55	568.09	424.5	347.21
Common Stock	37.91	36.58	34.37	31.87	28.52	20.8
Additional Paid-In Capital	22.41	19.24	14.07	8.11	2.76	1.46
Retained Earnings	-203.95	-150.16	-40.3	55.9	83.47	80.11
Comprehensive Income & Other	-0.43	-0.96	1.73	0.78	0.34	2.34
Total Common Equity	-144.06	-95.3	9.88	96.66	115.09	104.7
Shareholders' Equity	-144.06	-95.3	9.88	96.66	115.09	104.7
Total Liabilities & Equity	735.49	758.8	798.43	664.75	539.6	451.9
Total Debt	665.98	635.28	568.29	346.44	205.75	132.89
Net Cash (Debt)	-611.9	-578.37	-475.6	-322.95	-196.65	-124.58
Net Cash Per Share	-55.41	-52.73	-43.78	-29.99	-18.18	-11.65
Filing Date Shares Outstanding	11.1	11.03	10.93	10.83	10.76	10.62
Total Common Shares Outstanding	11.09	11.01	10.9	10.82	10.75	10.61
Working Capital	14.39	5.53	41.42	-18.27	-26.68	-21.77
Book Value Per Share	-12.99	-8.65	0.91	8.94	10.71	9.87
Tangible Book Value	-295.45	-250.47	-150.02	-73.54	-65.73	-59.05
Tangible Book Value Per Share	-26.64	-22.74	-13.76	-6.80	-6.12	-5.56
Land	1.11	1.11	1.11	1.11	1.12	1.63
Buildings	9.31	9.21	9.12	8.86	9.1	-
Machinery	120.46	125.32	114.33	90.67	64.48	44.15
Construction In Progress	10.92	25.81	75.52	62.59	29.41	36.72
Leasehold Improvements	0.75	0.74	0.73	0.62	0.55	0.48

Source: S&P Global Market Intelligence. Standard template. Financial Sources.