TCX
Tucows Inc.
There isn't enough reported data to score TCX yet.
TCX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Weak |
TCX's revenue and profitability are currently stable, but its cash flow and balance sheet are under pressure.
TCX PE Valuation
TCX has no meaningful PE right now: it lost money over the past year.
TCX Forward outlook
There aren't enough analyst estimates for TCX to show an outlook.
TCX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$6.38 | +$2.35 |
| Q2 2026 | -$7.54 | +$1.14 |
| Q1 2026 | -$7.11 | +$1.86 |
| Q4 2025 | -$6.85 | +$3.17 |
| Q3 2025 | -$8.73 | -$0.45 |
| Q2 2025 | -$8.68 | -$0.34 |
| Q1 2025 | -$8.97 | +$0.53 |
| Q4 2024 | -$10.02 | -$1.17 |
TCX is still losing money, but less than at its worst: $6.38 per share over the past year, against $10.02 at its worst in late 2024.
TCX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $100M | +1.4% |
| Q2 2026 | $100.6M | +2.1% |
| Q1 2026 | $96.7M | +2.2% |
| Q4 2025 | $98.7M | +6% |
| Q3 2025 | $98.6M | +6.8% |
| Q2 2025 | $98.5M | +10% |
| Q1 2025 | $94.6M | +8.2% |
| Q4 2024 | $93.1M | +7.1% |
TCX's revenue has grown year over year for 14 quarters in a row: $100M last quarter, up 1.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.3% | +10 points |
| Q2 2026 | -5.4% | -2.5 points |
| Q1 2026 | -4.5% | -2.3 points |
| Q4 2025 | -9.1% | +23 points |
| Q3 2025 | -9.7% | +1.2 points |
| Q2 2025 | -2.9% | +6.7 points |
| Q1 2025 | -2.1% | +17 points |
| Q4 2024 | -32% | -14 points |
TCX's operating margin was 0.3% last quarter, up 10 points from the same quarter a year ago.
TCX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$9.7M | -$7.4M |
| Q2 2026 | -$3.1M | -201% |
| Q1 2026 | -$2M | +$14.7M |
| Q4 2025 | -$7M | +$9.5M |
| Q3 2025 | -$2.3M | +$16.8M |
| Q2 2025 | $3.1M | +$23.8M |
| Q1 2025 | -$16.7M | +$3.3M |
| Q4 2024 | -$16.5M | -$10.9M |
TCX has burned cash in most quarters: −$22M over the past year, against −$32M the year before.
TCX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +33.4K shares |
| 1 year | +0.9% | +103K shares |
| 3 years | +2.8% | +308K shares |
| 5 years | +3.4% | +363K shares |
| Available history | +3.8% | +409K shares |
TCX has 11M diluted shares, up 0.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | $164,000 |
| Q1 2020 | $3.1M |
TCX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2021 | 102.8x | High |
| Q4 2020 | 15.4x | High |
| Q3 2020 | 5.7x | High |
| Q2 2020 | 4.1x | High |
| Q1 2020 | 3.4x | Elevated |
| Q4 2019 | 3.2x | Elevated |
TCX's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.4 years a year ago.
TCX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.9 | Neutral |
| Stochastic | 48.9 | Neutral |
TCX's weekly RSI is 50 (neutral) and its Stochastic is 49 (neutral).
TCX PE vs Technology Sector
| Metric | TCX | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
TCX has no meaningful PE right now: it lost money over the past year.
TCX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.8 | 14% above |
| 20 week MA | $11.2 | 10% above |
| 50 week MA | $15.4 | 20% below |
| 100 week MA | $16.9 | 27% below |
| 200 week MA | $19.7 | 37% below |
TCX has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 37% below its 200-week average.
TCX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.9 | $72.9 | +18% |
| 2021 | $72.9 | $84.0 | +15% |
| 2022 | $84.0 | $32.3 | -62% |
| 2023 | $32.3 | $27.0 | -16% |
| 2024 | $27.0 | $16.3 | -40% |
| 2025 | $16.3 | $22.4 | +37% |
| 2026 YTD | $22.4 | $12.3 | -45% |
TCX has finished lower in three of the last six years. It's down 45% so far in 2026.