TUCOWS INC /PA/ (TCX)

10.12 +1.50% (+0.15)

Over 5Y: -86.5%

2026-08-28
25 50 75
2021 2022 2023 2024 2025 2026

Financials Quarterly

Q3 '25 — Revenue: 98.6M Q3 '25 — Operating Cash Flow: 1.5M Q3 '25 — Free Cash Flow: -2.3M Q3 '25 — Net Income: -23M Q4 '25 — Revenue: 98.7M Q4 '25 — Operating Cash Flow: -2.6M Q4 '25 — Free Cash Flow: -7M Q4 '25 — Net Income: -22M Q1 '26 — Revenue: 96.7M Q1 '26 — Operating Cash Flow: 3.5M Q1 '26 — Free Cash Flow: -2M Q1 '26 — Net Income: -18.1M Q2 '26 — Revenue: 100.6M Q2 '26 — Operating Cash Flow: 1.9M Q2 '26 — Free Cash Flow: -3.1M Q2 '26 — Net Income: -20.5M 0 25M 50M 75M 100M 125M
Q3 '25 Q4 '25 Q1 '26 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

3.0
OE margin -5.3%
Oper. margin -7.2%
Accruals -12.1%
Gross margin 24.9%
FCF margin -3.7%
OCF margin 1.1%
Profit margin -21.2%
ROA -11.5%
ROCE -7.4%
OCF / EBIT —
ROE —
ROIC —

4 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

5.2
RPO / sales 0.59×
Segment HHI 0.35 HHI
RPO growth —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

1.2
ND/EBITDA —
Current ratio 0.93×
Interest cover -0.49×
Cash / Debt 0.23×
F-score 4.0 pts
Quick ratio 0.56×
Cash runway —
Debt / Eq —
Debt payback —
Equity / Assets —
Net debt / Eq —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.1
Sales/sh Y/Y +3.3%
Sales Q/Q +2.1%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.