TUCOWS INC /PA/
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $390.3M | $362.3M | $339.3M | $321.1M | $304.3M |
| Gross profit | $94.0M | $83.0M | $66.7M | $78.2M | $78.3M |
| Operating income | -$23.5M | -$65.0M | -$63.7M | -$31.7M | -$7.8M |
| Operating expenses | $117.4M | $148.0M | $130.3M | $109.9M | $86.1M |
| Cost of revenue | $296.3M | $279.2M | $272.7M | $242.9M | $226.0M |
| Cash from operations | -$5.8M | -$19.7M | -$4.8M | $19.9M | $29.6M |
| Capital expenditure | $17.1M | $56.5M | $92.1M | $136.7M | $73.2M |
| Free cash flow | -$22.9M | -$76.2M | -$96.8M | -$116.8M | -$43.5M |
| Share repurchases | — | — | — | $0 | $0 |
| Impairments | $11.5M | $19.1M | $0 | $0 | $0 |
| Total assets | $730.9M | $758.8M | $798.4M | $664.7M | $539.6M |
Shares outstanding 11.1M
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.