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Home CompaniesTucows Inc.

Tucows Inc.

Technology Software - Infrastructure
PortfolioPortfolio WatchlistWatchlist
Company price
17.61 CAD 0.50 ( 2.92%)
Last update at 2026-11-04T19:14:00Z
VOLUME
5427
Market Cap
252.29M

Momentum Score

…

Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services to consumer and business customers. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools, as well as billing solutions to internet services providers under the Platypus brand. The Tucows Domains segment provides wholesale and retail domain name registration services under the OpenSRS, eNom, Ascio, EPAG, and Hover brands, as well as value added services, such as hosted email, internet security services, WHOIS privacy, and other value-added services. The company offers its services primarily through an internet-based distribution network of internet service providers, web hosting companies, and other providers of internet services to end-users. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
17.18
Low
18.50
High
52 Week Price Range
20.88
Low
34.75
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Tucows is a Canadian internet services company that provides domain registration, wholesale reseller platforms (including OpenSRS) and consumer connectivity services under the Ting brand. Long-term growth may be driven by recurring domain renewal revenue, expansion of wholesale reseller channels and rising demand for online identity and small-business digital services. Investors may view the firm as attractive for its platform distribution model and predictable, subscription-like revenue streams.
Key risks include intense pricing competition and margin pressure in domain and hosting services, regulatory and ICANN policy changes that could affect fees or obligations, and execution risk in scaling or operating connectivity businesses and partner channels.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
17.11
Dividend Yield
-
Revenue TTM
390.30M
Revenue Per Share
35.27
Gross Profit TTM
137.48M
Debt / Equity
-4.15
ROE
-1011.58%
Net Debt
629.66M
ROCE
-2.24%
Diluted EPS TTM
-8.84

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -67.31M -101.87M -103.07M -27.79M 7.27M
Net income -75.82M -109.86M -96.20M -27.57M 3.36M
Selling general administrative 42.88M 37.07M 33.41M 30.84M 22.37M
Selling and marketing expenses 48.38M 59.38M 67.81M 53.94M 39.47M
Gross profit 93.95M 83.03M 108.86M 78.25M 78.29M
Reconciled depreciation 46.25M 45.62M 45.86M 39.58M 27.99M
Ebit -10.13M -47.44M -58.83M -31.38M -8.19M
Ebitda 36.12M -1.82M -12.19M 8.20M 19.81M
Depreciation and amortization 46.25M 45.62M 46.64M 39.58M 27.99M
Operating income -18.64M -65.01M -63.65M -31.38M -8.19M
Other operating expenses 405.36M 427.29M 402.99M 352.34M 312.15M
Interest expense 57.18M 54.43M 35.02M 14.46M 4.62M
Tax provision 8.51M 7.99M -6.56M -0.22M 3.91M
Interest income 1.91M 3.16M 4.49M - -
Net interest income -55.27M -51.27M -35.02M -14.46M -4.62M
Income tax expense 8.51M 7.99M -6.87M -0.22M 3.91M
Total revenue 390.30M 362.27M 339.34M 321.14M 304.34M
Total operating expenses 112.59M 148.04M 172.51M 109.45M 86.11M
Cost of revenue 296.35M 279.25M 230.48M 242.89M 226.04M
Total other income expense net -52.25M -36.86M -39.42M 3.59M 15.46M
Net income from continuing ops -75.82M -109.86M -86.27M -27.57M 3.36M
Net income applicable to common shares - - - -27.57M 3.36M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 782.37M 758.80M 798.43M 664.75M 539.60M
Intangible assets 19.70M 24.75M 29.48M 39.79M 50.41M
Other current assets 25.39M - 119.66M 113.11M 115.79M
Total liab 946.57M 854.10M 788.55M 568.09M 424.50M
Total stockholder equity -164.20M -95.30M 9.88M 96.66M 115.09M
Deferred long term liab - - - 18.30M 19.28M
Other current liab 183.18M 1.27M 188.66M 27.70M 19.43M
Common stock 38.31M - 34.37M 31.87M 28.52M
Capital stock 38.31M 36.58M - 31.87M 28.52M
Retained earnings -225.98M -150.16M -40.30M 55.90M 83.47M
Other liab - - - 38.10M 48.22M
Good will 130.41M 130.41M 130.41M 130.41M 130.41M
Other assets - - - 20.63M 19.58M
Cash 52.07M 56.90M 92.69M 23.50M 9.11M
Total current liabilities 330.43M 199.85M 201.34M 188.19M 173.68M
Current deferred revenue 131.58M - - 138.68M 141.09M
Net debt 629.66M 425.17M 470.21M 232.51M 196.65M
Short term debt 5.77M - - 4.64M 3.15M
Short long term debt total 681.73M - 562.89M 256.01M 205.75M
Other stockholder equity 23.53M - 14.07M 8.11M 2.76M
Property plant equipment - - - 301.98M 190.18M
Total current assets 105.94M 205.38M 242.76M 169.92M 147.00M
Long term investments 2.01M 2.01M - 2.01M 2.01M
Net tangible assets - - - -73.54M -65.73M
Net receivables 24.60M 20.88M 23.62M 26.03M 18.83M
Long term debt 481.18M 482.07M - 238.93M 190.75M
Inventory 3.87M 3.98M 6.79M 7.28M 3.28M
Accounts payable 9.90M 9.01M 12.68M 17.17M 10.02M
Accumulated other comprehensive income -0.06M - 1.73M 0.78M 0.34M
Non currrent assets other 115.29M - 26.65M 20.63M 19.56M
Non current assets total 676.43M 553.41M 555.67M 494.83M 392.59M
Capital lease obligations 63.59M 31.05M - 17.08M 15.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -56.49M -115.25M -137.49M -2.01M
Change to liabilities - - - 4.09M -0.43M
Total cashflows from investing activities 2.16M -56.49M -92.58M -137.49M -101.98M
Net borrowings -5.42M 46.47M 197.75M 48.30M 69.00M
Total cash from financing activities -5.39M 44.50M 178.84M 132.01M 73.14M
Change to operating activities - - - 12.14M -0.20M
Net income -75.82M -109.86M -96.20M -27.57M 3.36M
Change in cash -12.41M -31.74M 81.48M 14.39M 0.79M
Begin period cash flow 64.48M 104.98M 23.50M 9.11M 8.31M
End period cash flow 52.07M 73.24M 104.98M 23.50M 9.11M
Total cash from operating activities -5.76M -19.75M -4.77M 19.88M 29.64M
Issuance of capital stock 0.00M 0.00M 62.50M 87.50M -
Depreciation 240.47M 45.62M 46.64M 39.58M 27.99M
Other cashflows from investing activities - -0.03M -0.53M - -0.00M
Change to inventory - 2.81M 0.36M -4.01M -0.79M
Change to account receivables -3.62M 2.27M 2.27M -3.83M 1.59M
Sale purchase of stock 0.00M 0.00M -45.72M 0.00M 0.00M
Other cashflows from financing activities - -1.97M -20.62M 132.01M 73.14M
Change to netincome - - - 2.14M -0.02M
Capital expenditures 17.11M 57.03M 92.06M 137.49M 73.95M
Change in working capital -7.80M 4.00M 14.11M 5.04M -2.00M
Stock based compensation 7.14M 7.02M 8.13M 7.60M 4.59M
Other non cash items -162.31M 32.62M 22.55M 2.21M -2.98M
Free cash flow -22.87M -76.78M -96.83M -117.62M -44.31M

Peer Comparison*

Sector: Technology Industry: Software - Infrastructure

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
TC
Tucows Inc.		 0.50
2.92%		 17.61 - 30.49 0.65 2.42 1.77 19.13
MSFT
Microsoft CDR (CAD Hedged)		 2.52
6.95%		 38.80 25.56 20.83 14.17 7.60 10.06 16.32
XNDU
Xanadu Quantum Technologies Limited		 -0.09
2.38%		 3.69 - - 2760.69 - 2465.78 -
BB
BlackBerry Ltd		 0.67
5.84%		 12.15 63.58 31.95 8.20 4.29 5.59 37.10
CVO
Coveo Solutions Inc		 0.03
0.65%		 4.63 - 238.10 3.10 4.58 3.20 -48.29

Profile*

Tucows Inc.

Tucows Inc. provides domain name registration, email, and other internet related services in North America and Europe. It operates through three segments: Ting, Wavelo, and Tucows Domains. The Ting segment provides gigabit fiber and fixed wireless internet services to consumer and business customers. The Wavelo segment offers full-service platforms and professional services that support communication services providers, including subscription and billing management, network orchestration and provisioning, and individual developer tools, as well as billing solutions to internet services providers under the Platypus brand. The Tucows Domains segment provides wholesale and retail domain name registration services under the OpenSRS, eNom, Ascio, EPAG, and Hover brands, as well as value added services, such as hosted email, internet security services, WHOIS privacy, and other value-added services. The company offers its services primarily through an internet-based distribution network of internet service providers, web hosting companies, and other providers of internet services to end-users. Tucows Inc. was founded in 1992 and is headquartered in Toronto, Canada.

96 Mowat Avenue, Toronto, ON, Canada, M6K 3M1

416 535 0123

https://www.tucows.com

759

Name Title Year Born
Mr. Elliot Noss Pres, CEO, Exec. Officer & Director 1963
Mr. Davinder Singh C.A., CPA, CA, CPA CFO, Exec. VP, Sec. & Exec. Officer 1975
Mr. Bret Fausett Chief Legal Officer, Gen. Counsel & Exec. Officer 1964
Mr. David Woroch CEO of Tucows Domains Services & Exec. Officer 1963
Mr. Justin Reilly CEO of Wavelo & Exec. Officer 1988
Mr. Michael Koenig COO & Exec. Officer NA
Madeleine Stoesser PR & Corp. Communications Lead NA
Mr. Thorsten Einig Managing Director of Europe NA
Ms. Monica Webb Director of Market Devel. & Gov. Affairs -Ting Internet NA
Mr. Michael Cooperman Sr. Advisor 1951

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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