Tucows Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

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
Cash & Equivalents	44.16	46.76	56.9	92.69	23.5	9.11
Cash & Short-Term Investments	44.16	46.76	56.9	92.69	23.5	9.11
Cash Growth	-15.10%	-17.83%	-38.61%	294.48%	158.06%	9.55%
Accounts Receivable	24.18	24.49	20.88	23.62	23.56	15.36
Other Receivables	0.21	0.11	0.22	0.71	2.47	3.47
Receivables	24.39	24.61	21.1	24.33	26.03	18.83
Inventory	3.97	3.87	3.98	6.79	7.28	3.28
Prepaid Expenses	20.44	24.18	17.31	17.39	17.01	20.99
Restricted Cash	5.02	5.32	4.63	3.64	-	-
Other Current Assets	99.73	98.37	101.47	97.93	96.1	94.81
Total Current Assets	197.71	203.09	205.38	242.76	169.92	147
Property, Plant & Equipment	348.82	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	18.76	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	18.98	18.14	17.84	18	18.3	19.28
Other Long-Term Assets	11.02	12.29	11.71	8.65	-	0.28
Total Assets	727.7	730.91	758.8	798.43	664.75	539.6

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
Accounts Payable	9.06	9.9	9.01	12.68	17.17	10.02
Accrued Expenses	27.67	25.97	31.85	35.97	23.46	16.12
Current Portion of Long-Term Debt	147.45	136.96	-	-	-	-
Current Portion of Leases	6.9	5.77	5.15	5.4	4.64	3.15
Current Income Taxes Payable	1.32	2.8	0.26	1.24	2.25	0.1
Current Unearned Revenue	133.47	131.58	135.65	126.73	122.89	124.12
Other Current Liabilities	19.81	17.44	17.93	19.34	17.77	20.18
Total Current Liabilities	345.68	330.43	199.85	201.34	188.19	173.68
Long-Term Debt	483.42	481.18	604.23	544.64	329.36	190.75
Long-Term Leases	74.48	57.82	25.9	18.26	12.44	11.85
Long-Term Unearned Revenue	21.88	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	0.06	1.37	-	-	0.14	1.97
Total Liabilities	928.47	895.11	854.1	788.55	568.09	424.5

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
Common Stock	39.21	38.31	36.58	34.37	31.87	28.52
Additional Paid-In Capital	24.71	23.53	19.24	14.07	8.11	2.76
Retained Earnings	-264.56	-225.98	-150.16	-40.3	55.9	83.47
Comprehensive Income & Other	-0.13	-0.06	-0.96	1.73	0.78	0.34
Total Common Equity	-200.77	-164.2	-95.3	9.88	96.66	115.09
Shareholders' Equity	-200.77	-164.2	-95.3	9.88	96.66	115.09
Total Liabilities & Equity	727.7	730.91	758.8	798.43	664.75	539.6

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
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
Filing Date Shares Outstanding	11.18	11.13	11.03	10.93	10.83	10.76
Total Common Shares Outstanding	11.16	11.11	11.01	10.9	10.82	10.75
Working Capital	-147.97	-127.33	5.53	41.42	-18.27	-26.68
Book Value Per Share	-17.99	-14.78	-8.65	0.91	8.94	10.71
Tangible Book Value	-349.94	-314.31	-250.47	-150.02	-73.54	-65.73
Tangible Book Value Per Share	-31.35	-28.29	-22.74	-13.76	-6.80	-6.12
Land	1.11	1.11	1.11	1.11	1.11	1.12
Buildings	9.31	9.39	9.21	9.12	8.86	9.1
Machinery	64.94	61.35	125.32	114.33	90.67	64.48
Construction In Progress	6.15	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