Tucows Inc. logo

Tucows Inc.

TCX

NASDAQTechnologySoftware - Infrastructure

Previous close

$9.24

−$0.64 · -6.48%

Aug 21, 4:00 PM ET

TCX company overview

Regular session · ET · Market data may be delayed.

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AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

82

Deep Value

Momentum

25

Weakening

Sentiment

53

Mixed

Risk resilience

29

High Risk

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Company profile

Company website

Tucows Inc. is an international technology company that delivers a broad spectrum of internet-related services, including network connectivity, domain name registration, email solutions, and mobile communication, serving customers across Canada, the United States, and Europe. Its operations are strategically structured into three distinct divisions: Fiber Internet Services, Mobile Services, and Domain Services. The Fiber Internet Services unit is dedicated to providing high-speed, fixed internet access to both individual consumers and small businesses, primarily channeled through its Ting platform. This segment also extends billing and operational support solutions to independent internet service providers. The Mobile Services division offers mobile devices and retail cellular communication, complemented by a suite of professional services that include system implementation, training, consulting, and bespoke software development. Additionally, it operates the Mobile Services Enabler platform, which facilitates crucial network access, service provisioning, and billing functions. The Domain Services segment specializes in both wholesale and retail domain name registration, enhanced by portfolio management and a variety of supplementary offerings for end-users. These value-added services encompass hosted email, internet security, web hosting, WHOIS privacy, and publishing tools, distributed under well-known brands such as OpenSRS, eNom, Ascio, and Hover. Founded in 1992, the enterprise was initially known as Infonautics, Inc., before undergoing a name change to Tucows Inc. in August 2001. The company maintains its corporate headquarters in Toronto, Canada.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
CA
CEO
David Woroch
Listed since
Apr 30, 1996
Employees
759

Market position

Day range

Current $9.24

52-week range

Current $9.24

Open
$9.94
Previous close
$9.88
Volume
118.54K
2.04× average
Average volume
58.09K
Average daily volume
Market cap
103.02M USD
Beta
0.89
Market reference 1
50-day average
$11.8682
-22.14% below average
200-day average
$17.0746
-45.88% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
746.16M USD
P/E (TTM)
-1.23×
P/B (TTM)
-0.51×
P/S (TTM)
0.26×
EV / EBITDA
3.24×
Earnings yield
-30.55%
Free cash flow yield
-9.22%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
24.90%
Operating margin
-4.98%
Net margin
-21.20%
Return on equity
46.17%
Return on assets
-10.37%
Return on invested capital
-3.71%

Financial health

Debt / equity
-3.55×
Current ratio
0.61×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends38%13%-12%-37%Gross margin, FY2021: 25.73%Gross margin, FY2022: 24.37%Gross margin, FY2023: 32.08%Gross margin, FY2024: 22.92%Gross margin, FY2025: 23.11%Operating margin, FY2021: -2.55%Operating margin, FY2022: -9.86%Operating margin, FY2023: -18.76%Operating margin, FY2024: -17.95%Operating margin, FY2025: -3.86%Net margin, FY2021: 1.11%Net margin, FY2022: -8.59%Net margin, FY2023: -28.35%Net margin, FY2024: -30.33%Net margin, FY2025: -19.43%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.73%. Gross margin FY2022 24.37%. Gross margin FY2023 32.08%. Gross margin FY2024 22.92%. Gross margin FY2025 23.11%. Operating margin FY2021 -2.55%. Operating margin FY2022 -9.86%. Operating margin FY2023 -18.76%. Operating margin FY2024 -17.95%. Operating margin FY2025 -3.86%. Net margin FY2021 1.11%. Net margin FY2022 -8.59%. Net margin FY2023 -28.35%. Net margin FY2024 -30.33%. Net margin FY2025 -19.43%.

Income trends

Revenue

390.3M USD+7.74%

Operating income

−15.06M USD+76.84%

Net income

−75.82M USD+30.99%
Income trends across reported periods440.32M USD240.25M USD40.19M USD−159.88M USDRevenue, FY2021: 304.34M USDRevenue, FY2022: 321.14M USDRevenue, FY2023: 339.34M USDRevenue, FY2024: 362.28M USDRevenue, FY2025: 390.3M USDOperating income, FY2021: −7.77M USDOperating income, FY2022: −31.66M USDOperating income, FY2023: −63.65M USDOperating income, FY2024: −65.01M USDOperating income, FY2025: −15.06M USDNet income, FY2021: 3.36M USDNet income, FY2022: −27.57M USDNet income, FY2023: −96.2M USDNet income, FY2024: −109.86M USDNet income, FY2025: −75.82M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 304.34M USD. Revenue FY2022 321.14M USD. Revenue FY2023 339.34M USD. Revenue FY2024 362.28M USD. Revenue FY2025 390.3M USD. Operating income FY2021 −7.77M USD. Operating income FY2022 −31.66M USD. Operating income FY2023 −63.65M USD. Operating income FY2024 −65.01M USD. Operating income FY2025 −15.06M USD. Net income FY2021 3.36M USD. Net income FY2022 −27.57M USD. Net income FY2023 −96.2M USD. Net income FY2024 −109.86M USD. Net income FY2025 −75.82M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue390.3M USD362.28M USD339.34M USD321.14M USD304.34M USD
Cost of goods sold300.11M USD279.25M USD230.48M USD242.89M USD226.04M USD
Gross profit90.19M USD83.03M USD108.86M USD78.25M USD78.29M USD
Research and development17.81M USD18.63M USD622K USD14.19M USD14.31M USD
Selling, general, and administrative91.26M USD96.45M USD101.21M USD84.78M USD61.84M USD
Operating expenses105.25M USD148.04M USD172.51M USD109.91M USD86.07M USD
Interest income1.91M USD3.16M USD132K USD
Interest expense57.18M USD54.43M USD41.77M USD14.59M USD4.62M USD
Depreciation and amortization240.47M USD45.62M USD46.64M USD39.58M USD27.99M USD
Operating income−15.06M USD−65.01M USD−63.65M USD−31.66M USD−7.77M USD
Net income−75.82M USD−109.86M USD−96.2M USD−27.57M USD3.36M USD

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-1.57

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-1.29-1.56-1.84-2.11Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual -2.03, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual -1.43, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual -1.37, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual -1.41, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual -1.42, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual -1.73, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 7, 2026: actual -1.51, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual -1.57, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates104.58M99.14M93.71M88.27MQ4 '24No estimateQ1 '25No estimateQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26MetQ2 '26MetQ3 '26Met
Q4 2024, reported Nov 7, 2024: actual 92.3M USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 93.1M USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual 94.61M USD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 98.46M USD, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual 98.56M USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 98.67M USD, estimate 98.67M USD, surprise 0.00%, Met estimate. Q2 2026, reported May 7, 2026: actual 96.66M USD, estimate 96.66M USD, surprise 0.00%, Met estimate. Q3 2026, reported Aug 6, 2026: actual 100.56M USD, estimate 100.56M USD, surprise 0.00%, Met estimate.

Corporate actions

Corporate action history

Dividend

Ex-dividend May 11, 2001

$0.067

Irregular

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