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Tucows Inc.(TCX)Earnings, Financials & Key Ratios
TCX•NASDAQ
$13.78
Price updated Jul 6, 2026
AboutTucows Inc. provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Europe. It operates through three segments: Fiber Internet Services, Mobile Services, and Domain Services. The Fiber Internet Services segment provides fixed high-speed Internet access services to individuals and small businesses primarily through the Ting website, and other billing solutions to small internet service providers. The Mobile Services segment offers mobile phones and retail telephony services; and professional services, including implementation, training, consulting, and software development and modification services, as well as operates Mobile Services Enabler platform that provides network access, provisioning, and billing services. The Domain Services segment provides wholesale and retail domain name registration services; portfolio services; and value-added services, such as hosted email, Internet security services, Internet hosting, WHOIS privacy, publishing tools, and other value-added services for end-users under the OpenSRS, eNom, Ascio, and Hover brands. The company was formerly known as Infonautics, Inc. and changed its name to Tucows Inc. in August 2001. Tucows Inc. was incorporated in 1992 and is headquartered in Toronto, Canada.Show more
- Revenue$390M+7.7%
- EBITDA$225M+1262.3%
- Net Income-$76M+31.0%
- EPS (Diluted)-6.85+31.6%
- Gross Margin23.11%+0.8%
- EBITDA Margin57.75%+1178.9%
- Operating Margin-3.86%+78.5%
- Net Margin-19.43%+35.9%
TCX Price & Volume
Tucows Inc. (TCX) stock price & volume — 10-year historical chart
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Fiber Infrastructure Expansion Strains Capital Solvency
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Fiber CAPEX funding dependency
Key Thesis Takeaways
- Tucows is currently navigating a high-stakes transition from legacy domain services to capital-intensive fiber infrastructure, a shift that has resulted in persistent net losses and a deteriorating equity position.
- While revenue has grown to $96.7 million as of 2026Q1, the company's inability to achieve positive operating leverage remains a primary concern for long-term viability.
- Investors should monitor the sustainability of the $695.5 million debt load, as the current negative equity of $181.3 million and tight liquidity profile suggest significant execution risk in the fiber deployment strategy.
Verdict Logic
the company's equity base has eroded into a $181.3 million deficit, and the lack of positive free cash flow generation makes the current debt-funded expansion model appear unsustainable.
TCX Growth Metrics
Tucows Inc. (TCX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.48%
5 Years4.63%
3 Years6.72%
TTM6.2%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM20.01%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM20.85%
Return on Capital
10 Years6.03%
5 Years-7.23%
3 Years-8.75%
Last Year-3.14%
TCX Recent Earnings
Tucows Inc. (TCX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat Revenue 3/12 qtrs (60%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$1.51
—
Rev
$97M+0.0%
$97M
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$1.73
—
Rev
$99M+0.0%
$99M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$1.42
—
Rev
$99M
—
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$1.41
—
Rev
$98M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $1.51 | $97Mvs $97M+0.0% |
| Q1 2026 | Feb 12, 2026 | $1.73 | $99Mvs $99M+0.0% |
| Q4 2025 | Nov 6, 2025 | $1.42 | $99M |
| Q3 2025 | Aug 7, 2025 | $1.41 | $98M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Tucows Inc. (TCX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $13.78 | $153.64M | -2.01 | 7.74% | -19.43% | — | — | |
| $85.61 | $11.42B | 13.74 | 8.26% | 17.32% | 366.9% | — | |
| $42.11 | $3.01B | 32.39 | 4.47% | 11.12% | 5.96% | — | |
| $36.44 | $2.61B | 63.93 | 11.03% | 14.9% | 21.19% | — | |
| $11.04 | $2.68B | 2.27 | 91.49% | 40.53% | — | — | |
| $46.96 | $266.37M | -0.74 | -4.95% | -17.67% | -18.33% | — |
Compare TCX vs Peers
Tucows Inc. (TCX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TCX SEC Filings & Documents
Tucows Inc. (TCX) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TCX Frequently Asked Questions
Tucows Inc. (TCX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Tucows Inc.'s revenue?
Tucows Inc. (TCX) reported $392.3M in revenue for fiscal year 2025. This represents a 27925% increase from $1.4M in 1996.
How fast is Tucows Inc. growing?
Tucows Inc. (TCX) grew revenue by 7.7% over the past year. This is steady growth.
Is TCX profitable?
Tucows Inc. (TCX) reported a net loss of $78.8M for fiscal year 2025.
Dividend & Returns
What is Tucows Inc.'s free cash flow?
Tucows Inc. (TCX) had negative free cash flow of $8.4M in fiscal year 2025, likely due to heavy capital investments.