Tucows Balance Sheet

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
Cash & Equivalents	44.31	46.76	56.9	92.69	23.5	9.11
Cash & Short-Term Investments	44.31	46.76	56.9	92.69	23.5	9.11
Cash Growth	16.36%	-17.83%	-38.61%	294.48%	158.06%	9.55%
Accounts Receivable	28.28	24.49	20.88	23.62	23.56	15.36
Other Receivables	0.15	0.11	0.22	0.71	2.47	3.47
Receivables	28.43	24.61	21.1	24.33	26.03	18.83
Inventory	3.19	3.87	3.98	6.79	7.28	3.28
Prepaid Expenses	17.36	24.18	17.31	17.39	17.01	20.99
Restricted Cash	5.36	5.32	4.63	3.64	-	-
Other Current Assets	101.41	98.37	101.47	97.93	96.1	94.81
Total Current Assets	200.04	203.09	205.38	242.76	169.92	147
Property, Plant & Equipment	346.12	345.27	366.69	367.11	301.98	190.18
Long-Term Investments	2.01	2.01	2.01	2.01	2.01	2.01
Goodwill	130.41	130.41	130.41	130.41	130.41	130.41
Other Intangible Assets	19.48	19.7	24.76	29.48	39.79	50.41
Long-Term Accounts Receivable	-	-	-	-	2.33	-
Long-Term Deferred Tax Assets	-	-	-	-	-	0.02
Long-Term Deferred Charges	18.91	18.14	17.84	18	18.3	19.28
Other Long-Term Assets	12.27	12.29	11.71	8.65	-	0.28
Total Assets	729.24	730.91	758.8	798.43	664.75	539.6
Accounts Payable	9.54	9.9	9.01	12.68	17.17	10.02
Accrued Expenses	24.21	25.97	31.85	35.97	23.46	16.12
Current Portion of Long-Term Debt	142.02	136.96	-	-	-	-
Current Portion of Leases	6.38	5.77	5.15	5.4	4.64	3.15
Current Income Taxes Payable	1.36	2.8	0.26	1.24	2.25	0.1
Current Unearned Revenue	135.79	131.58	135.65	126.73	122.89	124.12
Other Current Liabilities	17.81	17.44	17.93	19.34	17.77	20.18
Total Current Liabilities	337.1	330.43	199.85	201.34	188.19	173.68
Long-Term Debt	482.28	481.18	604.23	544.64	329.36	190.75
Long-Term Leases	64.85	57.82	25.9	18.26	12.44	11.85
Long-Term Unearned Revenue	22.01	21.35	21.16	21.35	22.24	23.68
Long-Term Deferred Tax Liabilities	2.96	2.96	2.96	2.97	15.72	22.57
Other Long-Term Liabilities	1.37	1.37	-	-	0.14	1.97
Total Liabilities	910.57	895.11	854.1	788.55	568.09	424.5
Common Stock	38.79	38.31	36.58	34.37	31.87	28.52
Additional Paid-In Capital	24.16	23.53	19.24	14.07	8.11	2.76
Retained Earnings	-244.08	-225.98	-150.16	-40.3	55.9	83.47
Comprehensive Income & Other	-0.19	-0.06	-0.96	1.73	0.78	0.34
Total Common Equity	-181.33	-164.2	-95.3	9.88	96.66	115.09
Shareholders' Equity	-181.33	-164.2	-95.3	9.88	96.66	115.09
Total Liabilities & Equity	729.24	730.91	758.8	798.43	664.75	539.6
Total Debt	695.54	681.73	635.28	568.29	346.44	205.75
Net Cash (Debt)	-651.23	-634.98	-578.37	-475.6	-322.95	-196.65
Net Cash Per Share	-58.73	-57.38	-52.73	-43.78	-29.99	-18.18
Filing Date Shares Outstanding	11.15	11.13	11.03	10.93	10.83	10.76
Total Common Shares Outstanding	11.13	11.11	11.01	10.9	10.82	10.75
Working Capital	-137.06	-127.33	5.53	41.42	-18.27	-26.68
Book Value Per Share	-16.29	-14.78	-8.65	0.91	8.94	10.71
Tangible Book Value	-331.22	-314.31	-250.47	-150.02	-73.54	-65.73
Tangible Book Value Per Share	-29.75	-28.29	-22.74	-13.76	-6.80	-6.12
Land	1.11	1.11	1.11	1.11	1.11	1.12
Buildings	9.39	9.39	9.21	9.12	8.86	9.1
Machinery	62.85	61.35	125.32	114.33	90.67	64.48
Construction In Progress	7.85	8.25	25.81	75.52	62.59	29.41
Leasehold Improvements	0.43	0.43	0.74	0.73	0.62	0.55

SEC Filings: 10-K · 10-Q