Tucows Inc. (TCX) Financial Statements (2026 and earlier)

Company Profile

Business Address 96 MOWAT AVENUE
TORONTO, ON M6K 3M1
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56,90392,68723,4969,1058,31120,393
Cash and cash equivalent56,90392,68723,4969,1058,31120,393
Receivables21,09522,91520,87518,05316,84216,364
Inventory, net of allowances, customer advances and progress billings3,9756,7867,2843,2771,8753,457
Inventory3,9756,7867,2843,2771,8753,457
Prepaid expense     91,252
Contract with customer, asset, after allowance for credit loss  1,4175,159778  
Capitalized contract cost101,46795,64994,19894,50693,467 
Derivative instruments and hedges, assets  2,2771,9032993,860731
Funds held for clients4,6283,639    
Asset, held-for-sale, not part of disposal group      
Other current assets      
Other undisclosed current assets17,31417,38717,00520,98616,84513,478
Total current assets:205,382242,757169,920147,004141,200145,675
Noncurrent Assets
Operating lease, right-of-use asset35,64027,46720,48917,51511,23811,335
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization331,049339,644281,495172,662117,53082,121
Long-term investments and receivables 2,0122,0122,0122,012  
Long-term investments 2,0122,0122,0122,012  
Intangible asset, including goodwill, after accumulated amortization155,165159,894170,200180,819163,748167,472
Goodwill130,410130,410130,410130,410116,304109,818
Intangible asset, excluding goodwill, after accumulated amortization24,75529,48439,79050,40947,44457,654
Prepaid expense      17,915
Contract with customer, asset, after allowance for credit loss   2,328   
Capitalized contract cost, net15,50815,41916,47618,20517,5991,400
Derivative instruments and hedges    278  
Restricted cash and investments11,7078,652    
Deferred costs 2,3332,5811,8271,079362 
Deferred income tax assets    22226 
Other noncurrent assets      
Total noncurrent assets:553,414555,669494,827392,592310,703280,243
TOTAL ASSETS:758,796798,426664,747539,596451,903425,918
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,23648,03239,82425,35817,42717,368
Taxes payable✕✕✕✕1028631,324
Accounts payable9,00912,67617,17110,0166,3296,671
Accrued liabilities31,22735,35622,65315,24010,2359,373
Deferred revenue135,649126,733122,894124,116127,336123,101
Debt      1,413
Derivative instruments and hedges, liabilities1,270 38912599 
Other liabilities  1,6003,078  
Other undisclosed current liabilities22,69626,57623,48221,00618,10315,026
Total current liabilities:199,851201,341188,189173,683162,965156,908
Noncurrent Liabilities
Long-term debt and lease obligation482,072433,249238,930202,601130,912122,927
Long-term debt, excluding current maturities482,072433,249238,930190,748121,733113,503
Liabilities, other than long-term debt50,017153,961140,97148,22053,32851,889
Accounts payable and accrued liabilities   142170195216
Deferred revenue21,15521,35022,23723,67724,90926,202
Deferred income tax liabilities2,9632,96615,72022,56924,69425,471
Financial instruments subject to mandatory redemption, settlement terms, share value, amount  111,39090,434   
Other liabilities   1,8043,416 
Operating lease, liability25,89918,25512,43811,8539,1799,424
Derivative instruments and hedges, liabilities     114 
Total noncurrent liabilities:532,089587,210379,901250,821184,240174,816
Total liabilities:731,940788,551568,090424,504347,205331,724
Equity
Equity, attributable to parent(95,300)9,87596,657115,092104,69894,194
Common stock36,58134,37331,86828,51520,79816,633
Additional paid in capital19,24114,0728,1062,7641,458880
Accumulated other comprehensive income (loss)(964)1,7287843432,336473
Retained earnings (accumulated deficit)(150,158)(40,298)55,89983,47080,10676,208
Total equity:(95,300)9,87596,657115,092104,69894,194
Other undisclosed liabilities and equity 122,156     
TOTAL LIABILITIES AND EQUITY:758,796798,426664,747539,596451,903425,918

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues362,275339,337321,142304,337311,202337,145
Cost of revenue(279,246)(272,670)(242,894)(226,044)(225,717)(236,368)
Cost of product and service sold(251,082)(239,626)(225,369)(211,074)(213,885)(227,178)
Gross profit:83,02966,66778,24878,29385,485100,777
Operating expenses(148,042)(130,319)(109,910)(86,066)(78,568)(71,437)
Operating income (loss):(65,013)(63,652)(31,662)(7,773)6,91729,340
Nonoperating income (expense)(36,861)(39,418)3,87415,0433,843(4,769)
Investment income, nonoperating3,1584,485 20,0307,612 
Other nonoperating income (expense)43617,033(177)(370)(158) 
Interest and debt expense(54,433)(14,680)    
Income (loss) from continuing operations before equity method investments, income taxes:(156,307)(117,750)(27,788)7,27010,76024,571
Other undisclosed income from continuing operations before income taxes54,43314,680    
Income (loss) from continuing operations before income taxes:(101,874)(103,070)(27,788)7,27010,76024,571
Income tax expense (benefit)(7,986)6,873217(3,906)(4,985)(9,173)
Income (loss) from continuing operations:(109,860)(96,197)(27,571)3,3645,77515,398
Income before gain (loss) on sale of properties:✕✕✕✕3,3645,77515,398
Net income (loss) available to common stockholders, diluted:(109,860)(96,197)(27,571)3,3645,77515,398

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(109,860)(96,197)(27,571)3,3645,77515,398
Other comprehensive income (loss)(2,692)944441(1,993)1,8631,283
Comprehensive income (loss), net of tax, attributable to parent:(112,552)(95,253)(27,130)1,3717,63816,681

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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