TCX
Tucows Inc.
NASDAQ: TCX · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$15.73
+0.45% today
Updated 2026-04-30
Market cap
$181.93M
P/E ratio
—
P/S ratio
0.47x
EPS (TTM)
$-6.85
Dividend yield
—
52W range
$15 – $25
Volume
0.0M
Tucows Inc. (TCX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.03M | $74.64M | $78.47M | $80.94M | $84.58M | $97.06M | $114.73M | $129.93M | $147.67M | $172.94M | $189.82M | $329.42M | $346.01M | $337.14M | $311.20M | $304.34M | $321.14M | $339.34M | $362.27M | $390.30M |
| Revenue growth (YoY) | — | +14.8% | +5.1% | +3.1% | +4.5% | +14.8% | +18.2% | +13.3% | +13.6% | +17.1% | +9.8% | +73.5% | +5.0% | -2.6% | -7.7% | -2.2% | +5.5% | +5.7% | +6.8% | +7.7% |
| Cost of revenue | $41.53M | $52.78M | $57.69M | $59.73M | $64.48M | $73.76M | $88.52M | $98.51M | $107.12M | $119.74M | $126.77M | $244.90M | $249.24M | $236.37M | $225.72M | $226.04M | $242.89M | $230.48M | $279.25M | $300.11M |
| Gross profit | $23.49M | $21.85M | $20.78M | $21.21M | $20.10M | $23.30M | $26.21M | $31.43M | $40.55M | $53.20M | $63.05M | $84.52M | $96.77M | $100.78M | $85.48M | $78.29M | $78.25M | $108.86M | $83.03M | $90.19M |
| Gross margin | 36.1% | 29.3% | 26.5% | 26.2% | 23.8% | 24.0% | 22.8% | 24.2% | 27.5% | 30.8% | 33.2% | 25.7% | 28.0% | 29.9% | 27.5% | 25.7% | 24.4% | 32.1% | 22.9% | 23.1% |
| R&D | $8.15M | $6.71M | $6.17M | $4.55M | $4.58M | $4.87M | $4.30M | $4.16M | $4.31M | $4.50M | $4.49M | $7.26M | $8.75M | $9.72M | $12.43M | $14.31M | $14.19M | $622000.00 | $18.63M | $17.81M |
| SG&A | $5.89B | $4.74B | $6.81B | $5.56M | $2.88M | $6.10M | $6.61M | $7.20M | $8.51M | $10.66M | $11.40M | $13.59M | $17.71M | $17.88M | $20.27M | $22.37M | $30.84M | $33.41M | $37.07M | $42.88M |
| Operating income | $-389152.00 | $2.62M | $-3.09M | $7.72M | $2.44M | $3.13M | $6.09M | $6.15M | $9.64M | $18.02M | $25.05M | $27.08M | $29.32M | $29.34M | $6.92M | $-7.77M | $-31.66M | $-63.65M | $-65.01M | $-15.06M |
| Operating margin | -0.6% | 3.5% | -3.9% | 9.5% | 2.9% | 3.2% | 5.3% | 4.7% | 6.5% | 10.4% | 13.2% | 8.2% | 8.5% | 8.7% | 2.2% | -2.6% | -9.9% | -18.8% | -17.9% | -3.9% |
| EBITDA | $6.43M | $8.13M | $4.20M | $15.71M | $6.76M | $5.53M | $8.44M | $7.96M | $11.16M | $20.68M | $28.34M | $39.77M | $44.74M | $48.63M | $38.42M | $39.88M | $26.38M | $-12.19M | $-1.82M | $225.41M |
| EBITDA margin | 9.9% | 10.9% | 5.4% | 19.4% | 8.0% | 5.7% | 7.4% | 6.1% | 7.6% | 12.0% | 14.9% | 12.1% | 12.9% | 14.4% | 12.3% | 13.1% | 8.2% | -3.6% | -0.5% | 57.8% |
| EBIT | $2.57M | $2.62M | $-667358.00 | $12.21M | $3.81M | $3.50M | $6.62M | $6.15M | $9.64M | $19.02M | $25.56M | $27.64M | $29.78M | $29.34M | $14.37M | $11.89M | $-13.20M | $-58.83M | $-47.44M | $-15.06M |
| Interest expense | $0.00 | $516.85M | $583911.00 | $225140.00 | $116197.00 | $50404.00 | $192863.00 | $354857.00 | $206730.00 | $159025.00 | $449838.00 | $3.57M | $3.69M | $4.77M | $3.61M | $4.62M | $14.59M | $41.77M | $54.43M | $57.18M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $2.16M | $2.68M | $2.07M | $12.24M | $2.12M | $6.17M | $4.42M | $4.18M | $6.37M | $11.37M | $16.07M | $22.33M | $17.14M | $15.40M | $5.78M | $3.36M | $-27.57M | $-96.20M | $-109.86M | $-75.82M |
| Net income growth (YoY) | — | +23.8% | -22.5% | +490.0% | -82.7% | +191.5% | -28.3% | -5.5% | +52.5% | +78.4% | +41.3% | +39.0% | -23.3% | -10.1% | -62.5% | -41.7% | -919.6% | -248.9% | -14.2% | +31.0% |
| Profit margin | 3.3% | 3.6% | 2.6% | 15.1% | 2.5% | 6.4% | 3.9% | 3.2% | 4.3% | 6.6% | 8.5% | 6.8% | 5.0% | 4.6% | 1.9% | 1.1% | -8.6% | -28.3% | -30.3% | -19.4% |