TCX · NASDAQ · Software - Infrastructure

Tucows (TCX)

Operates decentralized businesses in fixed Internet, telecom software, and domain services.

$10.54
vs last close+0.17 (+1.64%)
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Tucows Inc.TCX
Information Technology

Fixed Internet access under Ting, telecom software through Wavelo, and global domain services through Tucows Domains make up the operating mix. Parent-level capital allocation and shared services support decentralized segment management.

Fixed Internet access for U.S. consumers and small businesses is sold under Ting. Wavelo provides communications-service providers with subscription and billing management plus network orchestration and provisioning, while Tucows Domains distributes domain registration, digital certificates, and email globally.

Ting added fixed access to a business that had built a domain-services base, and Wavelo later added telecom SaaS. The three reportable segments operate with decentralized management, while the parent allocates capital and shared services across them.

Ting publicly commits to net neutrality and fiber-to-the-premises access. Parent-level and segment-level cybersecurity resources support the decentralized structure.

Company facts

CEODavid Woroch
ListedAug 19, 2005
ExchangeNASDAQ
HeadquartersToronto, ON
CountryCanada
Employees759
CIK0000909494
ISINUS8986972060

Market cap$115.6M
EPS (ttm)−$7.53
P/E (ttm)−1.38
ROE
P/B
P/S0.2931
Dividend yieldDiv yield
Beta1.09vs XLK −0.85

No analyst consensus on record.

Next report
Nov 5, 26
in 44 days
EPS estimate
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported−$1.43−$1.37−$1.41−$1.42−$1.73−$1.51−$1.57Pending
Estimate
Surprise

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$93.1M$94.6M$98.5M$98.6M$98.7M$96.7M$100.6MPending
Estimate$98.7M$96.7M$100.6M
Surprise0.0%0.0%0.0%
Estimate
ReportedDue Nov 5, 2026
Estimate
ReportedDue Nov 5, 2026
View details

Current ratio57.20%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$92.3M$93.1M$94.6M$98.5M$98.6M$98.7M$96.7M$100.6M
Net income−$22.3M−$42.5M−$15.1M−$15.6M−$23.0M−$22.0M−$18.1M−$20.5M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$10.0M−$29.9M−$2.0M−$2.9M−$2.8M−$9.1M−$2.2M−$5.5M
YoY growthLoss narrowedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $44.2M · Total debt $712.2M · Total assets $727.7M · Shareholders' equity −$200.8M

Revenue
$100.6M
Operating income
−$5.5M
Net income
−$20.5M
View details

No dividends on record.

Institutions57.52%6.43M shares
72 holders · as of Jun 30, 2026
Insiders22.37%2.50M shares
11 holders · as of Feb 13, 2026
Other20.11%2.25M shares
remainder

11.18M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Edgepoint Investment Group Inc.Institution
18.95%2.12Mas of Jun 30, 2026
Norman RentropInsider10 percent owner
12.64%1.41Mfiled Jan 7, 2025
Blacksheep Fund Management LtdInstitution
9.77%1.09Mas of Jun 30, 2026
Monega Kapitalanlagegesellschaft mbHInsider
5.38%601,155filed May 15, 2025
CLS Investments, LLCInstitution
5.21%583,000filed Feb 8, 2019

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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Compare

CompanyPriceChange
Tucows$10.54+1.64%$115.6M0.3+2.1%
GoDaddy$101.22−3.39%$13.87B15.512.32.7+6.6%
Comcast$22.61−1.42%$81.37B7.46.50.7−1.2%
AT&T$25.15−1.18%$174.53B8.510.51.4+2.3%
Amdocs$58.21−2.14%$6.40B14.27.41.4+2.7%
Ericsson (ADR)$9.79−4.51%$33.66B13.620.01.4−5.4%
Median13.610.51.4+2.3%