15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $390M | -$76M | 24.1% | -6.0% | -$23M | $190M | $47M |
| 2024 | $362M | -$110M | 22.9% | -17.9% | -$76M | $195M | $57M |
| 2023 | $339M | -$96M | 19.6% | -18.8% | -$97M | $212M | $93M |
| 2022 | $321M | -$28M | 24.4% | -9.9% | -$117M | $240M | $23M |
| 2021 | $304M | $3M | 25.7% | -2.6% | -$44M | $191M | $9M |
| 2020 | $311M | $6M | 27.5% | 2.2% | -$8M | $122M | $8M |
| 2020 | — | $3M | — | — | — | $114M | $9M |
| 2019 | $337M | $15M | 29.9% | 8.7% | -$4M | $114M | $20M |
| 2018 | $346M | $17M | 28.0% | 8.5% | $9M | $65M | $13M |
| 2017 | $329M | $22M | 25.7% | 8.2% | $19M | $78M | $18M |
| 2016 | $190M | $16M | 33.2% | 13.2% | $15M | $11M | $15M |
| 2015 | — | $11M | — | — | $14M | — | $8M |
| 2014 | — | $6M | — | — | $8M | — | $8M |
| 2013 | — | $4M | — | — | $7M | — | $12M |
| 2012 | — | $4M | — | — | $5M | — | $6M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $97M | -$18M | 25.0% | -4.5% | -$2M | — | $44M |
| Dec '25 | $99M | -$22M | 24.5% | -9.1% | -$7M | $190M | $47M |
| Sep '25 | $99M | -$23M | 24.5% | -9.7% | -$2M | — | $54M |
| Jun '25 | $98M | -$16M | 22.5% | -2.9% | $3M | — | $52M |
| Mar '25 | $95M | -$15M | 24.9% | -2.1% | -$17M | — | $38M |
| Dec '24 | $93M | -$42M | 23.3% | -32.1% | -$16M | $195M | $57M |
| Sep '24 | $92M | -$22M | 24.0% | -10.9% | -$19M | — | $75M |
| Jun '24 | $89M | -$19M | 23.3% | -9.6% | -$21M | — | $39M |
| Mar '24 | $87M | -$26M | 20.9% | -18.9% | -$20M | — | $67M |
| Dec '23 | $87M | -$23M | 20.5% | -18.5% | -$6M | $212M | $93M |
| Sep '23 | $87M | -$23M | 19.3% | -19.7% | -$30M | — | $111M |
| Jun '23 | $85M | -$31M | 21.2% | -15.4% | -$25M | $230M | $148M |
| Mar '23 | $80M | -$19M | 17.5% | -21.5% | -$37M | $237M | $12M |
| Dec '22 | $79M | -$13M | 21.6% | -16.5% | -$34M | $240M | $23M |
| Sep '22 | $78M | -$8M | 23.0% | -12.0% | -$48M | $240M | $7M |
| Jun '22 | $83M | -$3M | 26.5% | -5.3% | -$18M | $227M | $7M |
| Mar '22 | $81M | -$3M | 26.1% | -6.0% | -$18M | $208M | $6M |
| Dec '21 | $82M | -$2M | 29.8% | -1.7% | -$13M | $191M | $9M |
| Sep '21 | $76M | $1M | 23.7% | -4.2% | -$13M | $150M | $6M |
| Jun '21 | $75M | $2M | 24.3% | -2.7% | -$18M | $140M | $7M |
How the market has priced TCX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, TUCOWS INC /PA/'s revenue has grown 4.6% per year. These are computed facts, not advice.
As of FY2025, TUCOWS INC /PA/ reported $190M of total debt against $47M of cash; operating income covered interest expense -0.4×.
In FY2025, gross margin was 24.1%, operating margin -6.0%, and net margin -19.4%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.