Tucows Inc /Pa/
TCX Nasdaq· Services-Computer Processing & Data Preparation
Last close · Oct 23, 2026
$11.98
KIRA · Stoqly’s AI analyst, in plain words
- Tucows Inc /Pa/ had $390M of revenue in fiscal 2025, up 7.7% on the year before. Over five years, revenue changed +4.6% a year on average.
- Its operating margin was −6.0%, up 11.9 pts: of every 100 in sales, about −6 is left after running the business.
- Tucows Inc /Pa/ lost $75.8M in fiscal 2025.
- Free cash flow was −$22.9M in fiscal 2025, −5.9% of revenue.
- Tucows Inc /Pa/ owes $144M more than it holds in cash.
Market cap
$134M
P/E
—
Revenue
$390M
Net income
−$75.8M
Free cash flow
−$22.9M
Operating margin
−6.0%
Tucows Inc /Pa/ in 30 seconds · fiscal 2025
Are sales growing?
+7.7%
Yes. Sales grew 7.7% last year.
Does it make a profit?
−19.4%
No. It lost money last year.
Does profit turn into cash?
−5.9%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
What Tucows Inc /Pa/ does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 12, 2026
- Legal name
- TUCOWS INC /PA/
- CIK
- 0000909494
Tucows Inc /Pa/ · TCX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $304M | $321M | $339M | $362M | $390M |
| Revenue growth | −2.2% | 5.5% | 5.7% | 6.8% | 7.7% |
| Net interest income | −$4.6M | −$14.5M | −$41.8M | −$51.3M | −$55.3M |
| Gross margin | 25.7% | 24.4% | 19.6% | 22.9% | 24.1% |
| Operating margin | −2.6% | −9.9% | −18.8% | −17.9% | −6.0% |
| Net income | $3.4M | −$27.6M | −$96.2M | −$110M | −$75.8M |
| Net margin | 1.1% | −8.6% | −28.3% | −30.3% | −19.4% |
| Diluted EPS | $0.31 | −$2.56 | −$8.85 | — | — |
| Cash | |||||
| Cash from operations | $29.6M | $19.9M | −$4.8M | −$19.7M | −$5.8M |
| Capital expenditure | $73.2M | $137M | $92.1M | $56.5M | $17.1M |
| Free cash flow | −$43.5M | −$117M | −$96.8M | −$76.2M | −$22.9M |
| FCF margin | −14.3% | −36.4% | −28.5% | −21.0% | −5.9% |
| Share buybacks | $0.0M | $0.0M | — | — | — |
| Share count change | 1.2% | −0.4% | 0.9% | 1.0% | 0.9% |
| Debt and strength | |||||
| Cash and short-term investments | $9.1M | $23.5M | $92.7M | $56.9M | $46.8M |
| Debt incl. finance leases | $191M | $240M | $212M | $195M | $190M |
| Shareholders' equity | $115M | $96.7M | $9.9M | −$95.3M | −$164M |
| Current ratio | 0.8x | 0.9x | 1.2x | 1.0x | 0.6x |
| Interest coverage | −1.7x | −2.2x | −1.4x | −1.2x | −0.4x |
| Returns and quality | |||||
| Return on capital | −1.7% | −8.0% | −39.0% | −118.9% | — |
| Return on equity | 3.1% | −26.0% | −180.6% | — | — |
| Piotroski F-score | 3 | 4 | 3 | 4 | 4 |
| Altman Z'' | 0.4 | −0.0 | −0.3 | −1.3 | −2.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Tucows Inc /Pa/ · TCX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $11.98 a share, the company is worth $134M.
Source: SEC EDGAR XBRL filings (CIK 0000909494). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.