TUCOWS INC /PA/ (TCX) Company Report

Tucows Inc. reported strong fiscal 2025 results, exceeding its 2025 guidance by $3.6 million.
For the full year ended December 31, 2025, revenue increased 8% to $390.3 million compared to 2024, and gross profit rose 13% to $93.954 million.
Full-year Adjusted EBITDA for 2025 was $50.6 million, marking a 45% increase year-over-year.
In the fourth quarter of 2025, consolidated net revenue increased 6.0% to $98.7 million, and gross profit increased 14% to $24.1 million compared to Q4 2024.
The company ended Q4 2025 with cash and cash equivalents of $64.2 million.

Feb 12, 2026, 10:07 PM

Tucows Reports Strong Fiscal 2025 Results, Exceeding Guidance

TCX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Tucows Inc. reported full year 2025 revenue increased 8% and gross profit rose 13% compared to 2024.
Adjusted EBITDA for the full year 2025 reached $50.6 million, up 45% year-over-year, exceeding the company's guidance by $3.6 million.
For the fourth quarter of 2025, consolidated net revenue increased 6.0% to $98.7 million and gross profit grew 14% to $24.1 million.
The company recorded a net loss of $22.0 million ($1.98 per share) in Q4 2025, an improvement from a $42.5 million net loss in Q4 2024, while Q4 2025 Adjusted EBITDA decreased 14% to $11.1 million.
CEO David Woroch attributed the improved profitability to contributions from all three businesses and emphasized ongoing operational and capital efficiency initiatives.

Feb 12, 2026, 10:06 PM

Tucows Reports Q3 2025 Financial Results

TCX

Earnings

Guidance Update

Revenue Acceleration/Inflection

Tucows Inc. reported a 6.8% increase in consolidated net revenue to $98.6 million for the third quarter ended September 30, 2025.
Gross profit for the third quarter of 2025 grew 9% to $24.2 million, driven by strong year-over-year margin gains from Wavelo and Tucows Domains.
Adjusted EBITDA for the third quarter of 2025 increased 53% to $13.3 million.
The company's year-to-date consolidated Adjusted EBITDA of $39.5 million is slightly ahead of progress towards its 2025 guidance.
Tucows ended the third quarter of 2025 with $70.8 million in cash and cash equivalents.