NASDAQ:TCX
Tucows Inc.
Tucows Inc.'s revenue grew 7.7% in fiscal 2025 to $390.3M while operating margin rose to −6.0%. Free cash flow was −$22.9M, −5.9% of revenue, and the diluted share count rose 0.9%.Summary generated from Tucows Inc.'s SEC filings. Latest annual report filed Mar 12, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$390.3M
Revenue growth+7.7%
Revenue, 5-yr CAGR+4.6%
Gross margin24.1%
Operating margin−6.0%
Net margin−19.4%
ROIC−163.9%
Return on equityn/a
Debt / equityn/a
Free cash flow−$22.9M
FCF margin−5.9%
Share count change+0.9%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 304 | 321 | 339 | 362 | 390 |
| Operating income | −8 | −32 | −64 | −65 | −23 |
| Net income | 3 | −28 | −96 | −110 | −76 |
| Free cash flow | −44 | −117 | −97 | −76 | −23 |
Recent filings
- 10-QQuarterly report for the period ended Jun 30, 2026
Aug 6, 2026 - 8-KEntry into a material agreement
Jul 30, 2026 - 4Insider transaction report
Jun 9, 2026 - 4Insider transaction report
Jun 9, 2026 - 8-KResults of a shareholder vote
Jun 4, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026 - DEF 14AProxy statement
Apr 23, 2026 - 10-KAnnual report for the fiscal year ended Dec 31, 2025
Mar 12, 2026