Tucows Inc. (TCX)

Tucows Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	378.47	362.28	339.34	321.14	304.34	311.2
Revenue Growth (YoY)	7.88%	6.76%	5.67%	5.52%	-2.21%	-7.70%
Cost of Revenue	245.23	236.47	230.48	213.7	207.81	210.6
Gross Profit	133.24	125.81	108.86	107.44	96.53	100.61
Selling, General & Admin	85.97	96.45	101.21	84.78	61.84	54.54
Research & Development	17.84	18.63	19.22	14.19	14.31	12.43
Operating Expenses	149.71	160.7	167.69	138.55	104.14	91.02
Operating Income	-16.48	-34.89	-58.83	-31.11	-7.62	9.59
Interest Expense	-56.53	-54.43	-46.26	-14.59	-4.62	-3.61
Interest & Investment Income	2.46	3.16	4.49	0.13	-	-
Currency Exchange Gain (Loss)	-	-	-	-	0.28	0.38
Other Non Operating Income (Expenses)	0.44	0.44	-	-0.18	-0.37	-0.16
EBT Excluding Unusual Items	-70.64	-85.73	-100.6	-45.74	-12.33	6.2
Merger & Restructuring Charges	-10.95	-10.95	-	-	-	-1.43
Gain (Loss) on Sale of Assets	14.64	13.98	17.03	18.05	19.8	7.63
Asset Writedown	-19.17	-19.17	-4.82	-0.09	-0.2	-1.64
Other Unusual Items	-	-	-14.68	-	-	-
Pretax Income	-86.12	-101.87	-103.07	-27.79	7.27	10.76
Income Tax Expense	9.42	7.99	-6.87	-0.22	3.91	4.99
Net Income	-95.54	-109.86	-96.2	-27.57	3.36	5.78
Net Income to Common	-95.54	-109.86	-96.2	-27.57	3.36	5.78
Net Income Growth	-	-	-	-	-41.75%	-62.49%
Shares Outstanding (Basic)	11	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11	11
Shares Change (YoY)	0.90%	0.95%	0.88%	-0.45%	1.17%	-0.75%
EPS (Basic)	-8.67	-10.02	-8.85	-2.56	0.32	0.55
EPS (Diluted)	-8.67	-10.02	-8.85	-2.56	0.31	0.54
EPS Growth	-	-	-	-	-42.59%	-62.24%
Free Cash Flow	-49.13	-76.21	-96.83	-116.83	-43.54	-8.36
Free Cash Flow Per Share	-4.46	-6.95	-8.91	-10.85	-4.03	-0.78
Gross Margin	35.20%	34.73%	32.08%	33.46%	31.72%	32.33%
Operating Margin	-4.35%	-9.63%	-17.34%	-9.69%	-2.50%	3.08%
Profit Margin	-25.24%	-30.33%	-28.35%	-8.58%	1.10%	1.86%
Free Cash Flow Margin	-12.98%	-21.04%	-28.53%	-36.38%	-14.31%	-2.69%
EBITDA	28.49	10.11	-12.19	8.47	20.38	33.64
EBITDA Margin	7.53%	2.79%	-3.59%	2.64%	6.70%	10.81%
D&A For EBITDA	44.97	45	46.64	39.58	27.99	24.05
EBIT	-16.48	-34.89	-58.83	-31.11	-7.62	9.59
EBIT Margin	-4.35%	-9.63%	-17.34%	-9.69%	-2.50%	3.08%
Effective Tax Rate	-	-	-	-	53.73%	46.33%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q