Tucows Inc. (TSX:TC)
Canada flag Canada · Delayed Price · Currency is CAD
19.11
+1.21 (6.76%)
Nov 9, 2026, 4:00 PM EST

Tucows Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
395.86390.3362.28339.34321.14304.34
Revenue Growth
2.89%7.74%6.76%5.67%5.52%-2.21%
Gross Profit
144.61137.48125.81108.86107.4496.53
Operating Income
-16.95-17.83-34.89-58.83-31.11-7.62
Net Income
-70.88-75.82-109.86-96.2-27.573.36
Earnings Per Share
-6.36-6.85-10.02-8.85-2.560.31
EPS Growth
------42.59%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Ting
81.7968.2259.7350.9442.4325.33
Wavelo
46.7647.6239.8638.6724.3416.78
Tucows Domains
259.4267.1254.64242.1243.16245.58
Corporate and all other
7.917.368.047.6311.2216.65
Total
395.86390.3362.28339.34321.14304.34

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
24.7546.7656.992.6923.59.11
Total Debt
556.23681.73635.28568.29346.44205.75
Net Cash (Debt)
-531.47-634.98-578.37-475.6-322.95-196.65
Net Cash Growth
------
Net Cash Per Share
-47.71-57.38-52.73-43.78-29.99-18.18

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-1.76-5.76-19.75-4.7719.8829.64
Capital Expenditures
-20.02-17.11-56.46-92.06-136.71-73.18
Free Cash Flow
-21.78-22.87-76.21-96.83-116.83-43.54
Free Cash Flow Growth
------

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
36.53%35.23%34.73%32.08%33.46%31.72%
Operating Margin
-4.28%-4.57%-9.63%-17.34%-9.69%-2.50%
Pretax Margin
-15.60%-17.25%-28.12%-30.37%-8.65%2.39%
Profit Margin
-17.91%-19.43%-30.33%-28.35%-8.58%1.10%
FCF Margin
-5.50%-5.86%-21.04%-28.53%-36.38%-14.31%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
-----266.60
PS Ratio
0.370.640.520.871.142.95