Tucows financials
$9.64+0.52%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $390.3M | $362.3M | $339.3M | $321.1M | $304.3M | $311.2M | $337.1M | $346.0M | $329.4M | $189.8M |
| Gross profit | $94.0M | $83.0M | $66.7M | $78.2M | $78.3M | $85.5M | $100.8M | $96.8M | $84.5M | $63.1M |
| Gross margin | 24.1% | 22.9% | 19.6% | 24.4% | 25.7% | 27.5% | 29.9% | 28.0% | 25.7% | 33.2% |
| Operating income | -$29.4M | -$65.0M | -$63.7M | -$31.2M | -$7.8M | $6.5M | $29.2M | $29.6M | $27.0M | $24.9M |
| Net income | -$75.8M | -$109.9M | -$96.2M | -$27.6M | $3.4M | $5.8M | $15.4M | $17.1M | $22.3M | $16.1M |
| Net margin | −19.4% | −30.3% | −28.3% | −8.6% | 1.1% | 1.9% | 4.6% | 5.0% | 6.8% | 8.5% |
| Diluted EPS | $-6.85 | $-10.02 | $-8.85 | $-2.56 | $0.31 | $0.54 | $1.43 | $1.59 | $2.07 | $1.50 |
| EBITDA | $27.6M | $9.3M | -$17.5M | $6.9M | $19.5M | $32.1M | $48.5M | $44.5M | $39.2M | $27.8M |
| Operating cash flow | -$5.8M | -$19.7M | -$4.8M | $19.9M | $29.6M | $36.1M | $40.4M | $37.2M | $31.9M | $22.5M |
| Free cash flow | -$22.9M | -$76.2M | -$96.8M | -$116.8M | -$43.5M | -$8.4M | -$3.7M | $9.3M | $19.0M | $14.6M |
| Diluted shares | 11.1M | 11.0M | 10.9M | 10.8M | 10.8M | 10.7M | 10.8M | 10.8M | 10.8M | 10.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $46.8M | $56.9M | $92.7M | $23.5M | $9.1M | $8.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $481.2M | $482.1M | $433.2M | $238.9M | $190.7M | $121.7M |
| Total assets | $730.9M | $758.8M | $798.4M | $664.7M | $539.6M | $451.9M |
| Total liabilities | $895.1M | $731.9M | $677.2M | $477.7M | $424.5M | $347.2M |
| Shareholders' equity | -$164.2M | -$95.3M | $9.9M | $96.7M | $115.1M | $104.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology