Tucows Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	46.76	56.9	92.69	23.5	9.11
Cash & Short-Term Investments	46.76	56.9	92.69	23.5	9.11
Cash Growth	-17.83%	-38.61%	294.48%	158.06%	9.55%
Accounts Receivable	24.49	20.88	22.21	18.4	14.58
Other Receivables	-	-	1.42	5.16	0.78
Total Trade Receivables	24.49	20.88	23.62	23.56	15.36
Inventory	-	-	6.79	7.28	3.28
Other Current Assets	131.84	127.6	119.66	115.58	119.27
Total Current Assets	203.09	205.38	242.76	169.92	147
Net Property, Plant & Equipment	345.27	366.69	367.11	301.98	190.18
Other Intangible Assets	19.7	24.76	29.48	39.79	50.41
Goodwill	130.41	130.41	130.41	130.41	130.41
Long-Term Investments	-	-	2.01	2.01	2.01
Other Long-Term Assets	32.43	31.56	26.65	20.63	19.58
Total Assets	730.91	758.8	798.43	664.75	539.6
Accounts Payable	35.27	40.24	12.68	17.17	10.02
Accrued Expenses	-	-	35.36	22.65	15.24
Current Portion of Leases	5.77	5.15	5.4	4.64	3.15
Unearned Revenue	131.58	135.65	126.73	122.89	124.12
Other Current Liabilities	157.8	18.82	21.18	20.83	21.16
Total Current Liabilities	330.43	199.85	201.34	188.19	173.68
Long-Term Debt	481.18	482.07	433.25	238.93	190.75
Long-Term Leases	57.82	25.9	18.26	12.44	11.85
Other Long-Term Liabilities	25.68	24.12	24.32	38.1	48.22
Total Long-Term Liabilities	564.68	532.09	475.82	289.47	250.82
Total Liabilities	895.11	731.94	677.16	477.66	424.5
Common Stock	38.31	36.58	34.37	31.87	28.52
Additional Paid-in Capital	23.53	19.24	14.07	8.11	2.76
Accumulated Other Comprehensive Income	-0.06	-0.96	1.73	0.78	0.34
Retained Earnings	-225.98	-150.16	-40.3	55.9	83.47
Total Common Shareholders' Equity	-164.2	-95.3	9.88	96.66	115.09
Minority Interest	-	122.16	111.39	90.43	-
Shareholders' Equity	-164.2	26.86	121.27	187.09	115.09
Total Liabilities & Equity	730.91	758.8	798.43	664.75	539.6
Total Debt	544.77	513.12	456.9	256.01	205.75
Net Cash (Debt)	-498.01	-456.22	-364.21	-232.51	-196.65
Net Cash Per Share	-45.01	-41.60	-33.52	-21.40	-18.18
Book Value	-164.2	-95.3	9.88	96.66	115.09
Book Value Per Share	-14.84	-8.69	0.91	8.90	10.64
Tangible Book Value	-314.31	-250.47	-150.02	-73.54	-65.73
Tangible Book Value Per Share	-28.40	-22.84	-13.81	-6.77	-6.08

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q