Tucows Inc. (TCX)

NASDAQ: TCX · Real-Time Price · USD

9.97

+0.88 (9.68%)

At close: Aug 27, 2026, 4:00 PM EDT

9.50

-0.47 (-4.71%)

After-hours: Aug 27, 2026, 7:44 PM EDT

Tucows Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	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	140.2	137.48	125.81	108.86	107.44	96.53
Operating Income	-20.09	-17.83	-34.89	-58.83	-31.11	-7.62
Net Income	-83.63	-75.82	-109.86	-96.2	-27.57	3.36
Earnings Per Share	-7.53	-6.85	-10.02	-8.85	-2.56	0.31
EPS Growth	-	-	-	-	-	-42.59%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Ting	76.47	68.22	59.73	50.94	42.43	25.33
Wavelo	46.89	47.62	39.86	38.67	24.34	16.78
Tucows Domains	263.33	267.1	254.64	242.1	243.16	245.58
Corporate and all other	7.76	7.36	8.04	7.63	11.22	16.65
Total	394.44	390.3	362.28	339.34	321.14	304.34

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Cash & Investments	44.16	46.76	56.9	92.69	23.5	9.11
Total Debt	712.24	681.73	635.28	568.29	346.44	205.75
Net Cash (Debt)	-668.08	-634.98	-578.37	-475.6	-322.95	-196.65
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-60.13	-57.38	-52.73	-43.78	-29.99	-18.18

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Operating Cash Flow	4.39	-5.76	-19.75	-4.77	19.88	29.64
Capital Expenditures	-18.79	-17.11	-56.46	-92.06	-136.71	-73.18
Free Cash Flow	-14.4	-22.87	-76.21	-96.83	-116.83	-43.54
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Gross Margin	35.54%	35.23%	34.73%	32.08%	33.46%	31.72%
Operating Margin	-5.09%	-4.57%	-9.63%	-17.34%	-9.69%	-2.50%
Pretax Margin	-18.77%	-17.25%	-28.12%	-30.37%	-8.65%	2.39%
Profit Margin	-21.20%	-19.43%	-30.33%	-28.35%	-8.58%	1.10%
FCF Margin	-3.65%	-5.86%	-21.04%	-28.53%	-36.38%	-14.31%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 28, 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
PE Ratio	-	-	-	-	-	266.60
Forward PE	-	37.09	37.09	37.09	37.09	63.38
PS Ratio	0.28	0.64	0.52	0.87	1.14	2.95