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TCX

Tucows Inc.

Information TechnologyBusiness Services & Software
Ticker TCXTORONTO, A6Fiscal year ends DecemberBook value per share $-18.85Diluted shares 11.2M

Tucows Inc. (Nasdaq: TCX) provides Internet access, communications software and domain services through three reportable segments: Ting, Wavelo and Tucows Domains. Ting offers high-speed fiber and fixed wireless Internet to consumer and business customers in selected U.S. markets; at December 31, 2025, it had 54,000… From the company’s description.

Over the twelve months to Sep 30, 2026, Tucows Inc. reported revenue of $395.86M, up 2.9% from a year earlier, and a net loss of $70.88M. Its operating margin was −4.7%, and operations used $1.76M in cash. In fiscal 2025, it reported revenue of $390.30M, up 7.7% from fiscal 2024, and a net loss of $75.82M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$390.30MFY2025
+7.7% year over year
Last 12 mo $395.86M
-6.02%FY2025
+11.9 percentage points
Last 12 mo -4.66%
$-75.82MFY2025
+31.0% year over year
Last 12 mo $-70.88M
40.47%FY2025
−47.1 percentage points
Last 12 mo 33.72%
Cash & financing
$-5.76MFY2025
+70.8% year over year
Last 12 mo $-1.76M
$-22.87MFY2025
+70.0% year over year
Last 12 mo $-21.78M
-2.93FY2025
Was -5.06× a year earlier
Last 12 mo -2.97
—
Last 12 mo 11.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Tucows Inc. does

In the company’s own words

Tucows Inc. (Nasdaq: TCX) provides Internet access, communications software and domain services through three reportable segments: Ting, Wavelo and Tucows Domains. Ting offers high-speed fiber and fixed wireless Internet to consumer and business customers in selected U.S. markets; at December 31, 2025, it had 54,000 active accounts under management, excluding Simply Bits. Wavelo supplies communications service providers globally with subscription and billing management, network orchestration and provisioning software, developer tools and professional services; its platforms include MONOS and ISOS, and it also offers the Platypus billing platform. Tucows Domains provides wholesale and retail domain registration and related services, including hosted email, Internet security and WHOIS privacy. Its customers include a global network of more than 32,000 resellers, as well as individuals and small businesses; its registrar services managed 21.5 million domain names at year-end 2025. Principal brands include OpenSRS, Enom, Ascio, EPAG, Hover, Ting and Wavelo. The company began as Infonautics in 1992 and adopted the Tucows name after acquiring Tucows Inc. in 2001. Its website is tucows.com.

Company details
Sector
Information Technology
Industry (SIC)
Business Services & Software
Headquarters
TORONTO, A6
Fiscal year end
December
CIK
909494
SIC
7374

Financial performance, year by year

Fiscal 2011–2025 · USD
$-160.43M$-8.72M$143.00M$294.71M$446.43M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Tucows Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

88
funds hold it
0 of 35
superinvestors hold it
$15.32M
held by funds, at market
9.7%
of shares held by funds

Largest fund holders · Tucows Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Tucows Inc. and its peers compare on margins and cash generation over ten years?”
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  • “What changed in Tucows Inc.'s last four quarterly filings that the numbers alone won't show?”
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