Tucows Inc. (TCX)

Tucows Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	394.44	390.3	362.28	339.34	321.14	304.34
Revenue Growth	4.22%	7.74%	6.76%	5.67%	5.52%	-2.21%
Gross Profit Gross Profit Growth	98.23	93.95	83.03	66.67	78.25	78.29
Operating Income Operating Income Growth	-69.52	-66.2	-106.35	-101.02	-60.86	-26.01
Net Income Net Income Growth	-83.63	-75.82	-109.86	-96.2	-27.57	3.36
Earnings Per Share EPS Growth	-7.53	-6.85	-10.02	-8.85	-2.56	0.31
EPS Growth	-	-	-	-	-	-42.59%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Corporate and all other Corporate and all other Growth	7.36	8.04	7.63	11.22	16.65
Tucows Domains Tucows Domains Growth	267.1	254.64	242.1	243.16	245.58
Ting Ting Growth	68.22	59.73	50.94	42.43	25.33
Wavelo Wavelo Growth	47.62	39.86	38.67	24.34	16.78
Total Total Growth	390.3	362.28	339.34	321.14	304.34

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	44.16	46.76	56.9	92.69	23.5	9.11
Total Debt Total Debt Growth	564.79	544.77	513.12	456.9	256.01	205.75
Net Cash (Debt) Net Cash Growth	-520.63	-498.01	-456.22	-364.21	-232.51	-196.65
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-46.85	-45.00	-41.60	-33.52	-21.59	-18.18

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	4.39	-5.76	-19.75	-4.77	19.88	29.64
Capital Expenditures CapEx Growth	-22.64	-17.11	-56.46	-92.06	-136.71	-73.18
Free Cash Flow Free Cash Flow Growth	-18.26	-22.87	-76.21	-96.83	-116.83	-43.54
Free Cash Flow Growth	-	-	-	-	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	24.90%	24.07%	22.92%	19.65%	24.37%	25.73%
Operating Margin	-17.63%	-16.96%	-29.36%	-29.77%	-18.95%	-8.55%
Pretax Margin	-18.77%	-17.25%	-28.12%	-30.37%	-8.65%	2.39%
Profit Margin	-21.20%	-19.43%	-30.33%	-28.35%	-8.59%	1.11%
FCF Margin	-4.63%	-5.86%	-21.04%	-28.53%	-36.38%	-14.31%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 7, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	-	-	-	-	-	270.39
Forward PE	-	37.09	37.09	37.09	37.09	63.38
PS Ratio	0.40	0.64	0.52	0.87	1.14	2.96

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Aug 7, 2026

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