Tucows Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	392.35	390.3	362.28	339.34	321.14	304.34
Revenue Growth (YoY)	6.20%	7.74%	6.76%	5.67%	5.52%	-2.21%
Cost of Revenue	297.8	296.35	279.25	272.67	242.89	226.04
Gross Profit	94.55	93.95	83.03	66.67	78.25	78.29
Selling, General & Admin	92.95	91.26	96.45	101.21	84.78	61.84
Depreciation & Amortization Expenses	45.56	46.25	45.62	47.26	39.58	27.99
Other Operating Expenses	23.56	22.66	47.31	19.22	14.74	14.47
Total Operating Expenses	162.06	160.16	189.38	167.69	139.1	104.3
Operating Income	-67.51	-66.2	-106.35	-101.02	-60.86	-26.01
Interest Expense	-55.53	-55.27	-51.28	-41.77	-14.46	-4.62
Other Non-Operating Income (Expense)	8.5	11.45	14.41	2.35	18.33	19.66
Total Non-Operating Income (Expense)	-47.03	-43.83	-36.86	-39.42	3.87	15.04
Pretax Income	-70.06	-67.31	-101.87	-103.07	-27.79	7.27
Provision for Income Taxes	8.74	8.51	7.99	-6.87	-0.22	3.91
Net Income	-78.79	-75.82	-109.86	-96.2	-27.57	3.36
Net Income to Common	-78.79	-75.82	-109.86	-96.2	-27.57	3.36
Net Income Growth	-	-	-	-	-	-41.75%
Shares Outstanding (Basic)	11	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11	11
Shares Change (YoY)	0.88%	0.89%	0.95%	-	0.43%	-
EPS (Basic)	-7.10	-6.85	-10.02	-8.85	-2.56	0.32
EPS (Diluted)	-7.10	-6.85	-10.02	-8.85	-2.56	0.31
EPS Growth	-	-	-	-	-	-42.59%
Shares Outstanding	11.13	11.11	11.01	10.9	10.82	10.75
Free Cash Flow	-7.93	-22.87	-76.21	-96.83	-116.83	-43.54
Free Cash Flow Per Share	-0.72	-2.07	-6.95	-8.91	-10.75	-4.02
Gross Margin	24.10%	24.07%	22.92%	19.65%	24.37%	25.73%
Operating Margin	-17.21%	-16.96%	-29.36%	-29.77%	-18.95%	-8.55%
Profit Margin	-20.08%	-19.43%	-30.33%	-28.35%	-8.59%	1.11%
FCF Margin	-2.02%	-5.86%	-21.04%	-28.53%	-36.38%	-14.31%
EBITDA	-21.96	-19.96	-60.73	-53.76	-21.27	1.98
EBITDA Margin	-5.60%	-5.11%	-16.76%	-15.84%	-6.62%	0.65%
EBIT	-67.51	-66.2	-106.35	-101.02	-60.86	-26.01
EBIT Margin	-17.21%	-16.96%	-29.36%	-29.77%	-18.95%	-8.55%
Effective Tax Rate	-12.47%	-12.64%	-7.84%	6.67%	0.78%	53.73%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q