# Tucows Inc. (TCX)

**Exchange:** NASDAQ  
**Sector:** Technology  
**Market cap:** $149M  
**Price:** $13.47 (-0.52%)

> Tucows Inc. is a global internet services and telecommunications company known primarily for its domain name registration, mobile services, and other technology solutions. It operates through multiple segments including Ting Internet, a provider of fiber internet for residential and business customers; and Wavelo, offering cloud-based mobile and Internet of Things software and services. Additionally, Tucows is one of the largest domain registrars globally through its platforms and channels. With a focus on innovation, Tucows supports telecommunications infrastructure by providing essential tools and services. The company's influence extends across various sectors by enabling businesses to operate smoothly in the digital world. Headquartered in Toronto, Canada, Tucows has carved a significant niche in the tech industry since its inception in 1993, strategically adapting to the evolving needs of digital connectivity and communications.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $390M | $94M | -$23M | -$76M | — |
| 2024 | $362M | $83M | -$65M | -$110M | — |
| 2023 | $339M | $67M | -$64M | -$96M | $-8.85 |
| 2022 | $321M | $78M | -$32M | -$28M | $-2.56 |
| 2021 | $304M | $78M | -$8M | $3M | $0.31 |
| 2020 | $311M | $85M | $7M | $6M | $0.54 |
| 2019 | $337M | $101M | $29M | $15M | $1.43 |
| 2018 | $346M | $97M | $29M | $17M | $1.59 |
| 2017 | $329M | $85M | $27M | $22M | $2.07 |
| 2016 | $190M | $63M | $25M | $16M | $1.50 |
| 2015 | $172M | $52M | $18M | $11M | $1.00 |
| 2014 | $147M | $39M | $10M | $6M | $0.54 |
| 2013 | $130M | $31M | $6M | $4M | $0.37 |
| 2012 | $115M | $26M | $6M | $4M | $0.36 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $731M | $895M | -$164M | $47M | $190M |
| 2024 | $759M | $854M | -$95M | $57M | $195M |
| 2023 | $798M | $789M | $10M | $93M | $212M |
| 2022 | $665M | $568M | $97M | $23M | $240M |
| 2021 | $540M | $425M | $115M | $9M | $191M |
| 2020 | $452M | $347M | $105M | $8M | $122M |
| 2019 | $426M | $332M | $94M | $20M | $114M |
| 2018 | $340M | $260M | $80M | $13M | $65M |
| 2017 | $351M | $290M | $60M | $18M | $78M |
| 2016 | $154M | $117M | $38M | $15M | $11M |
| 2015 | $129M | $103M | $26M | $8M | — |
| 2014 | $126M | $90M | $36M | $8M | — |
| 2013 | $121M | $94M | $27M | $12M | — |
| 2012 | $119M | $92M | $27M | $6M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$6M | $17M | -$23M |
| 2024 | -$20M | $56M | -$76M |
| 2023 | -$5M | $92M | -$97M |
| 2022 | $20M | $137M | -$117M |
| 2021 | $30M | $73M | -$44M |
| 2020 | $36M | $44M | -$8M |
| 2019 | $40M | $44M | -$4M |
| 2018 | $37M | $28M | $9M |
| 2017 | $32M | $13M | $19M |
| 2016 | $23M | $8M | $15M |
| 2015 | $17M | $3M | $14M |
| 2014 | $9M | $711,656 | $8M |
| 2013 | $9M | $1M | $7M |
| 2012 | $6M | $997,036 | $5M |
| 2011 | $6M | $851,008 | $5M |

Source: [CompaniesByCap](https://companiesbycap.com/company/TCX)