Tucows Inc. TCX R2K
Technology · Software - Infrastructure · Canada
Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services to consumer and business customers. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools, as well as billing solutions to internet services providers under the Platypus brand. The Tucows Domains segment provides wholesale and retail domain name registration services under the OpenSRS, eNom, Ascio, EPAG, and Hover brands, as well as value added services, such as hosted email, internet security services, WHOIS privacy, and other value-added services. The company offers its services primarily through an internet-based distribution network of internet service providers, web hosting companies, and other providers of internet services to end-users. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.
READ MORE ›$15.16
-21.86% 1Y
Market & Price
Market Cap
$169.02M
Current Price
$15.16
High / Low (52W)
$24.90 / $14.64
Beta
0.91
Valuation
Stock P/E
-
Industry PE
32.74
Forward P/E
7.81
PEG Ratio
1.89
Book Value
$-16.29
Price to Book
-0.93
P/S
0.43
EV/EBITDA
32.01
Dividend Yield
-
Profitability & Returns
ROCE
-2.53%
ROE
-
ROA
-1.63%
Profit Margin
-20.08%
Op Margin
-3.26%
EPS (Latest Qtr)
$-1.63
EPS (TTM)
$-7.11
Balance Sheet & Liquidity
Debt/Equity
-
Quick Ratio
0.22
Current Ratio
0.59
Debt
$695.54M
Total Assets
$730.91M
Current Assets
$203.09M
Working Capital
$-127.33M
Ownership
Promoter Holding
20.09%
Chg in Prom Hold
-
FII / Inst Holding
68.55%
Chg in FII Hold
-
Financial Snapshot
Enterprise Value
$820.25M
Total Revenue (TTM)
$392.35M
EBITDA
$25.62M
Free Cash Flow
$-7.64M
Operating Cash Flow
$9.02M
Shares Outstanding
11.15M
Gross Margin
34.97%
Payout Ratio
0.00%
Growth (CAGR)
Revenue 5Y
6.72%
Profit 5Y
-58.33%
Revenue (YoY)
2.20%
Earnings (YoY)
-
PROS
No notable strengths flagged.
CONS
- Earnings shrank at -58.3% CAGR over 5 years.
- Trading 39.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TCX Tucows Inc. R2K | 15.16 | - | $169.02M | - | -2.53% | - | 6.72% | -58.33% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.14 | 32.38 | $5.11T | 0.47% | 81.14% | 114.29% | 100.05% | 201.80% |
| 3 | AAPL Apple Inc. NDXSPX | 312.06 | 37.73 | $4.58T | 0.35% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 450.24 | 26.82 | $3.34T | 0.81% | 26.37% | 34.01% | 12.42% | 11.87% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 418.45 | 35.86 | $2.17T | 0.91% | 32.04% | 36.21% | 18.94% | 19.57% |
| 6 | MU Micron Technology, Inc. NDXSPXAI | 971.00 | 45.87 | $1.10T | 0.06% | 14.20% | 39.82% | 6.71% | -0.57% |
| 7 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 516.10 | 172.61 | $841.55B | - | 6.33% | 8.06% | 13.64% | 48.64% |
| 8 | ORCL Oracle Corporation SPXAI | 225.78 | 40.46 | $649.35B | 0.89% | 13.07% | 57.57% | 10.59% | 22.81% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,612.76 | 53.76 | $621.59B | 0.54% | 43.81% | 52.24% | 15.55% | 19.55% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 81.10M | 83.08M | 78.05M | 80.43M | 84.98M | 86.97M | 87.46M | 89.42M | - | - | 94.61M | 98.46M | 98.56M | 98.67M | 96.66M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 71.08M | 76.35M | 74.38M | 74.54M | 72.53M |
| Gross Profit | 13.79M | 14.35K | 15.64K | 16.64K | 16.42K | 16.94M | 21.35M | 20.49M | 25.74M | 22.62M | 22.16M | 24.26M | 27.73M | 22.65M | 24.51M | 27.57M | 26.05M | 25.15M | 22.97M | 19.94M | 17.43M | 17.45M | 18.24M | 18.02M | 24.58M | 21.20M | 22.05M | 17.99M | 14.06M | 18.03M | 16.75M | 18.32M | 20.81M | - | - | 23.53M | 22.11M | 24.18M | 24.13M | 24.13M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25.56M | 26.78M | 27.00M | 33.26M | 27.56M |
| Operating Income | 5.07M | 6.26M | 6.14M | 7.24M | - | 3.06M | 7.07M | 5.97M | - | 5.70M | 5.71M | 7.65M | - | 5.03M | 5.75M | 8.60M | - | 5.17M | 1.54M | 1.31M | - | -1.13M | -2.03M | -3.22M | - | -4.85M | -4.43M | -9.38M | -17.28M | -13.10M | -17.17M | -16.52M | -8.60M | - | - | -2.03M | -4.67M | -2.82M | -9.12M | -3.43M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12.83M | 12.36M | 5.34M | 5.59M | 9.43M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.13M | 14.08M | 14.43M | 14.54M | 14.17M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -12.97M | -13.37M | -20.56M | -20.41M | -15.71M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.17M | 2.27M | 2.46M | 1.62M | 2.39M |
| Net Income | 3.16M | 4.44K | 4.07K | 4.74K | 2.82K | 2.45M | 5.24M | 3.44M | 11.20M | 3.74M | 3.61M | 5.35M | 4.44M | 2.80M | 2.62M | 4.21M | 5.78M | 2.83M | 157.00K | 716.00K | 2.07M | 2.15M | 1.81M | 1.38M | -1.97M | -3.02M | -3.12M | -7.98M | -19.08M | -30.97M | -22.77M | -26.48M | -18.60M | - | - | -15.13M | -15.64M | -23.02M | -22.03M | -18.11M |
| Diluted EPS | 0.28 | 0.41 | 0.38 | 0.45 | 0.26 | 0.23 | 0.49 | 0.32 | 1.04 | 0.35 | 0.33 | 0.50 | 0.41 | 0.26 | 0.24 | 0.39 | 0.54 | 0.26 | 0.01 | 0.07 | 0.19 | 0.20 | 0.17 | 0.13 | -0.18 | -0.28 | -0.29 | -0.74 | -1.77 | - | - | - | - | -2.03 | - | -1.37 | -1.41 | -2.08 | - | -1.63 |
| R&D Expense | 1.10M | 1.18M | 998.65K | 1.27M | - | 1.69M | 1.80M | 1.91M | - | 2.10M | 2.35M | 2.21M | - | 2.52M | 2.75M | 2.88M | - | 2.75M | 3.07M | 3.16M | - | 3.13M | 3.17M | 3.74M | - | 3.77M | 3.46M | 2.98M | 4.82M | 4.58M | 4.82M | 5.02M | 4.52M | 4.62M | - | 4.41M | 4.34M | 4.68M | - | 4.43M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 311.20M | - | 321.14M | 339.34M | 362.27M | 390.30M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 242.89M | 272.67M | 279.25M | 296.35M |
| Gross Profit | 21.21M | 20.10M | 23.30M | 26.21M | 31.43M | 39.39M | 52.06M | 63.05M | 84.52M | 96.77M | 100.78M | 85.48M | - | 78.25M | 66.67M | 83.03M | 93.95M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 109.45M | 130.32M | 119.36M | 112.59M |
| Operating Income | 7.72M | 2.44M | 3.13M | 6.09M | 6.15M | 9.64M | 18.02M | 25.05M | 27.08M | 29.32M | 29.34M | 6.92M | - | -31.20M | -63.65M | -36.33M | -18.64M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 26.38M | -9.55M | -1.82M | 36.12M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.59M | 46.26M | 54.43M | 57.18M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | -27.79M | -103.07M | -101.87M | -67.31M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | -217.00K | -6.87M | 7.99M | 8.51M |
| Net Income | 12.24M | 2.12M | 6.17M | 4.42M | 4.18M | 6.37M | 11.37M | 16.07M | 22.33M | 17.14M | 15.40M | 5.78M | - | -27.57M | -96.20M | -109.86M | -75.82M |
| Diluted EPS | 0.17 | 0.04 | 0.44 | 0.36 | 0.37 | 0.54 | 1.00 | 1.50 | 2.07 | 1.59 | 1.43 | 0.54 | 0.31 | -2.56 | -8.85 | -10.02 | - |
| R&D Expense | 4.55M | 4.58M | 4.87M | 4.30M | 4.16M | 4.31M | 4.50M | 4.50M | 7.26M | 8.75M | 9.72M | 12.43M | 14.31M | 14.19M | 19.22M | 18.63M | 17.81M |
Compounded Sales Growth
| 5 Years: | 6.72% |
| 1 Year: | 2.20% |
Compounded Profit Growth
| 5 Years: | -58.33% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -21.86% |
| 6 Months: | -30.81% |
| 3 Months: | -16.52% |
| 1 Month: | -3.19% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 101.48M | 115.69M | 118.77M | 121.35M | 125.80M | 129.13M | 154.41M | 350.65M | 339.57M | 425.92M | 451.90M | - | 664.75M | 798.43M | 758.80M | 730.91M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 169.92M | 242.76M | 205.38M | 203.09M |
| Cash & Equivalents | 5.43M | 9.63M | 4.21M | 6.41M | 6.42M | 12.42M | 8.27M | 7.72M | 15.11M | 18.05M | 12.64M | 20.39M | 8.31M | - | 23.50M | 92.69M | 56.90M | 46.76M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.28M | 6.79M | 3.98M | 3.87M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.40M | 22.21M | 20.88M | 24.49M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 568.09M | 788.55M | 854.10M | 895.11M |
| Current Liabilities | - | - | 55.81M | 63.24M | 70.79M | 73.44M | 69.53M | 78.26M | 84.43M | 178.56M | 165.35M | 156.91M | 162.97M | - | 188.19M | 201.34M | 199.85M | 330.43M |
| Long Term Debt | - | - | - | - | - | - | - | - | 10.73M | 77.75M | 65.16M | 114.40M | 122.40M | - | 238.93M | 433.25M | 482.07M | 481.18M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 256.01M | 456.90M | 513.12M | 544.77M |
| Total Equity | - | 31.10M | 23.92M | 30.42M | 26.55M | 26.92M | 35.64M | 26.33M | 37.82M | 60.21M | 79.78M | 94.19M | 104.70M | - | 96.66M | 9.88M | -95.30M | -164.20M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.82M | 10.90M | 11.01M | 11.11M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 6.47M | 6.77M | 5.89M | 6.34M | 8.70M | 8.88M | 16.78M | 22.51M | 31.90M | 37.21M | 40.38M | 36.08M | - | 19.88M | -4.77M | -19.75M | -5.76M |
| Investing Cash Flow | 3.27M | -589.05K | -3.24M | -488.24K | -1.35M | -8.91M | 3.29M | -14.45M | -94.11M | -29.68M | -76.09M | -53.28M | - | -137.49M | -92.58M | -56.49M | 2.16M |
| Financing Cash Flow | -5.53M | -11.61M | -439.32K | -5.85M | -1.36M | -4.11M | -20.62M | -680.00K | 65.16M | -12.94M | 43.46M | 5.12M | - | 132.01M | 178.84M | 44.50M | -5.39M |
| Capital Expenditure | -807.53K | -589.05K | -851.01K | -997.04K | -1.35M | -711.66K | -2.97M | -7.92M | -12.94M | -27.92M | -44.07M | -44.44M | - | -137.49M | -92.58M | -57.03M | -17.32M |
| Free Cash Flow | 5.66M | 6.18M | 5.03M | 5.35M | 7.36M | 8.17M | 13.81M | 14.59M | 18.96M | 9.29M | -3.69M | -8.36M | - | -117.62M | -97.35M | -76.78M | -23.08M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.39M | 81.48M | -31.74M | -8.99M |
| Share Buybacks | 2.92M | 9.71M | 18.44K | 9.12M | 6.54M | 1.18M | 23.62M | 7.18M | - | 0 | 4.99M | 3.28M | 0 | 0 | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | 27.5% | - | 24.4% | 19.6% | 22.9% | 24.1% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - | - | 2.2% | - | -9.7% | -18.8% | -10.0% | -4.8% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - | - | 1.9% | - | -8.6% | -28.3% | -30.3% | -19.4% |
| ROE % | 39.4% | 8.8% | 20.3% | 16.7% | 15.5% | 17.9% | 43.2% | 42.5% | 37.1% | 21.5% | 16.3% | 5.5% | - | -28.5% | -974.1% | 115.3% | 46.2% |
| ROCE % | - | 5.4% | 6.0% | 12.7% | 12.8% | 17.1% | 35.4% | 35.8% | 15.7% | 16.8% | 10.9% | 2.4% | - | -6.5% | -10.7% | -6.5% | -4.7% |
Shareholding Pattern
Insiders
20.09%
Institutions
68.55%
Public Float
85.79%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Edgepoint Investment Group Inc. | 19.00% | 2.12M | $32.12M |
| 2 | Blacksheep Fund Management Ltd | 9.79% | 1.09M | $16.55M |
| 3 | Universal- Beteiligungs- und Servicegesellschaft mbH | 4.79% | 533.87K | $8.09M |
| 4 | Blackrock Inc. | 4.63% | 516.16K | $7.83M |
| 5 | Vanguard Capital Management LLC | 3.24% | 361.24K | $5.48M |
| 6 | Geode Capital Management, LLC | 1.78% | 198.55K | $3.01M |
| 7 | State Street Corporation | 1.65% | 184.48K | $2.80M |
| 8 | Baader Bank Aktiengesellschaft | 1.46% | 163.27K | $2.48M |
| 9 | Renaissance Technologies, LLC | 1.22% | 135.85K | $2.06M |
| 10 | Russell Investments Group, Ltd. | 1.01% | 112.39K | $1.70M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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